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Investing in People is the Reason for this VC’s Success (Amit Raizada of SBV)

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Nothing about the venture capital industry is easy. Between the long hours, the pervasive risks, and the feeling of not knowing whether a certain venture will yield a return, life as the head of a VC firm is often a combination of calculations and stress. At times when I’m overloaded, I find it helpful to pause and reflect on the reasons that I chose to become an investor – and to think critically about the common principles behind every one of my ventures. 

I encourage all aspiring investors to do the same. Without having a clearly defined set of principles, it’s easy to get lost as a venture capitalist. When you’re approached with hundreds of potential investments each year, how do you decide which to fund and which to discard? How do you know whether a venture will fit well within your portfolio or act as a headache-inducing outlier? Sure, statistics, data charts, and graphs answer a great many of these sorts of questions, but there’s no substitute for a concise set of values when faced with these decisions. 

Here is the essence of the investment philosophy that underlines the success I’ve had as founder and CEO of Spectrum Business Ventures

I always invest in people. 

I pursue investment opportunities that enrich consumers’ lives and change the world for the better. Before engaging in a venture, I find it helpful to think about the fundamentals: What do people really need or want in life? And how does the product or firm in question help them attain it? 

Through this strategy, I’ve financed ventures that develop groundbreaking cancer treatments and revolutionize sinus-care procedures. I’ve even helped companies that launch satellites into orbit and contribute to NASA missions. 

I invested in critical warehouse space in the vicinity of major airports to facilitate same-day online purchases deliveries. And I’ve always sought to create unparalleled entertainment experiences, which I believe is just as essential to the human condition. I have introduced innovative models to retail and hospitality, investing in cutting-edge restaurants like Tocaya, Bounce, and Catch LA that diverge from conventional restaurant wisdom in favor of pioneering new experiences.  

But when I say I invest in people, I don’t just invest in the consumer – I also seek to invest in the people developing the product. In examining investment opportunities, I never consider failure a disqualifier – instead, I see it as a prerequisite. While I engage innovators with proven track records of success, I believe that true innovation is a process and that the best strategic partners are those who have experienced—and learned from—past failures. 

I invest in the products, services, and opportunities that change the course of consumption. 

I’ve always been an avid observer of business trends, and I closely watch the behavior of Gen Z and Millennials as indicators for future markets. I use their preferences to craft long-term investment strategies that pursue the products and experiences that will dominate the market in the coming decades. 

This principle has played a significant role in many of my investments. Tocaya is perhaps one of the best examples of this. Serving fast-casual food with a plethora of vegan and low-calorie options, Tocaya plays directly into the preferences of the health-conscious younger generations.  

This strategy also spurred my investments in esports. After watching my teenage sons become fascinated with online gaming, I began to wonder whether there’d be a viable market for this new fixation. After doing some research, I invested in an esports franchise and eventually helped build out the esports market as a whole. When I first invested in esports, this nascent industry was often ridiculed by pundits. Now, esports has its own section on ESPN’s website.

I’m focused on the consumer of the future – and I’m often willing to accept short-run losses to seize a foothold in the industries that will define the economy of the 2030s, 2040s, and 2050s. 

I take risks in pursuit of bold ideas 

My firm, Spectrum Business Ventures, stands by its long-standing motto, “We see the world differently”. When evaluating investment opportunities, I encourage my team to look past conventional wisdom. Some of my most successful investments have come from this approach.  

One key way to do this is to look for the peripheral investment opportunities that a major new industry may create. Take gift certificates, for example, which created a boom as they transitioned from paper to plastic. Rather than invest in the gift card industry itself, I invested in a company that provided myriad services to the businesses that wished to issue gift cards. I found a market ripe for innovation and financial-return within a wider market. 

My decision to purchase warehouse space follows similar logic. Online shopping now reigns supreme, but rather than found my own online venue and try to compete with the likes of Amazon, I decided to look to the periphery. No online supplier like Amazon (and especially smaller players) could get by without warehouse space, allowing my firm to take advantage of a market within a market. 

My investment philosophies are by no means universal. These principles have guided me through nearly two decades in the venture capital industry and into many of my most profitable investments, but the whole point of having an investment philosophy is to have guidelines that work for you. 

I encourage aspiring investors to reflect on the principles they hope that their portfolio will mirror. To do this, you’ll need to consider a few questions: 

In what kind of industries do you wish to invest? What products or services do you think people need? How do you wish to seek out new opportunities? How do you hope to choose between those opportunities once you find them? 

Formulating answers to these questions is integral to one’s development as a venture capitalist. 

Mahesh is leading digital marketing initiatives at RecentlyHeard, a NewsFeed platform that covers news from all sectors. He develops, manages, and executes digital strategies to increase online visibility, better reach target audiences, and create engaging experience across channels. With 7+ years of experience, He is skilled in search engine optimization, content marketing, social media marketing, and advertising, and analytics.

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How To Get A HR Certification: A Guide For Startups

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As the business world becomes more digital, so do the many startups that look to a digital presence to remain competitive. With an increasing reliance on social media as a way to connect with your audience, businesses need to have employees of various skill levels bring their experience and knowledge to the table. HR is a good way for businesses of all sizes to retain and promote employees while simultaneously streamlining processes in the workplace. A career in HR can be rewarding and provide great flexibility. In this blog post, you will learn how to get an HR certification and start working with your team without a degree in human resources management.

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Start with your fundamentals

Employees must have a clear path to career success. In order to ensure the highest level of performance from all of your employees, you need to have a clear path to success. The best way to do this is by identifying what your fundamentals are and then applying those fundamentals to each of your employees. This will help you get to know your employees better and prepare for the day when you have to choose between the two.

Practice what you study

Practicing what you study will help you build your core skills and strengthen your skills as an effective leader. By applying what you’ve learned from your studies, you will be better able to identify and address employee issues that may affect your team. However, you must also seek out new learning so that you are not simply relying on your studies to guide you in the right direction.

Take business experiences and build your skills

Businesses need employees who can take action. Employees who are constantly blessing and helping their colleagues are going to be a lot easier to hire and retain. Employees who are willing to do the work and receive a positive reaction from their colleagues are going to be a lot more than happy to work for you. A company’s culture is made up of people who have one thing to do with everything they do. With a company culture this intertwined, employees will naturally gravitate towards those companies that have a positive work environment, high morale, and high retention rates.

Learn the trade and become an expert

HR leaders need to be experts in their fields. This means that they must be researchers, researchers who can understand their field, and then apply that knowledge to their career path. Great leaders learn through experience and by applying what they’ve learned. Good leaders are experts in their fields, and they can teach techniques that will help their team members grow and flourish in their careers.

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Theories, concepts, and best practices

HR leaders can teach important skills that will help employees throughout their careers. Here are a few theories, concepts, and best practices to keep in mind as you lead your team: Effective communication – Effective communication is a must for all leaders in the field. It’s why we’re scientists, engineers, and scientists. Effective communication is the ability to have productive and meaningful conversations with your team members. Effective communication is a must for all leaders in the field. It’s why we’re scientists, engineers, and scientists. Effective communication is the ability to have productive and happy conversations with your team members. Effective leadership – Effective leadership comes naturally to leaders. It’s the trait that sets people on fire with respect to their company and their company’s products. Effective leadership comes naturally to leaders. It’s the trait that sets people on fire with respect to their company and their company’s products. Effective team-building – Effective team-building is essential for leaders in all fields. It’s why we go to work for companies. It’s why people want to work for you. Effective team-building is what brings people together in a business community. Effective team-building is essential for leaders in all fields. It’s why we go to work for companies. It’s why people want to work for you.

HR leaders are scientists, engineers, and experts. Theories, concepts, and best practices are used to inform and guide a company’s decision-making. A company’s culture is made up of people who have one thing to do with everything they do. With a company culture this intertwined, employees will naturally gravitate towards those companies that have a positive work environment, high morale, and high retention rates. HR leaders must be experts in their fields.

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How Is Project Management Changing in 2022: Key Trends

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The Agile Manifesto was created 21 years ago.

Its basic principles (“people are more important than processes” and flexible response to change instead of strict adherence to the plan) – remain relevant today. But some approaches and tools have evolved: they have become more complex and better structured, and the view of teamwork and the project manager himself as a leader has changed. A great example of such new tools is RevenueGrid with its deal signal that manages to guide everyone in your team with alerts and next tasks.

Also, artificial intelligence makes a great difference today. Many tasks can now be partially performed by AI, and a project manager who does not develop flexible skills is considered weak. We have found out which key trends are changing the usual view of project management in 2022.

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Trend 1. AI Technologies Will Partially Fulfill the Responsibilities of PM

According to a study by the analytical platform Cognilytica, 86% of project managers approve of AI technology. And for those who have already introduced AI, project productivity has increased by 20%.

Already in 2022, artificial intelligence controls all 5 stages of the project life cycle: initial, planning, implementation, control, and completion.

The main advantage of AI is the processing of large data sets, including extensive project documentation, as well as routine tasks. According to Gartner, by 2030, AI will be able to handle up to 80% of PM’s daily work.

AI is able not only to process data and automate simple tasks but also to apply the “human factor”, i.e. to provide recommendations for PM:

  • What resources are best used to complete the task?
  • What risks can be encountered during the project implementation?
  • How many rallies will make the team the most productive?

More Efficient Work of Project Teams

In early 2022, 53% of service companies said they plan to include the use of chatbots in their strategies over the next 18 months (136% more than in 2021). At the same time, 56% of businesses believe that chatbots increase the effectiveness of projects and attract team members to them.

Bots are best suited for tedious and tedious administrative tasks: data management, scheduling, documentation, invoicing.

The bot will also reduce internal communication time by contacting team members and incorporating messengers, such as Slack. The bot can remind colleagues about tasks, and specify the status of execution and request reports.

Trend 2. Emotional Adaptability Will be a Leading Skill for Project Managers

According to an analysis by American professor Gerald J. Mount, 69% of PM skills are related to sensory recognition and emotional adaptability, and only 31% are directly related to business experience.

At the same time, business coach and researcher Patrick Mayfield found that leading project leaders spend between 60% and 80% of their time interacting with team members. Therefore, the ability to read emotions and put yourself in the place of an employee is a key skill for building processes within the team.

What Are the Benefits for Project Managers due to the Skill of Emotional Adaptability in 2022?

Creating a productive and positive atmosphere in the team. PM is responsible for motivating employees and allocating tasks. Managers with good soft skills will be able to deeply analyze the abilities of their colleagues, and their potential, and therefore will be able to correctly set tasks. If PM develops emotional adaptability, he improves his leadership skills. When a team is led by a leader, it becomes motivated and employees feel involved.

Conflict resolution. PMs who know how to read the emotions of their environment know how to successfully resolve a work conflict in a team. Faced with obstacles, such project managers use diplomacy skills and can look at the situation from opposite sides.

Adaptation to change and flexible project management. PMs with good emotional adaptability will not be stressed due to changes in the work process, because they always have solid ground under their feet. They do not give in to emotions and successfully adapt to new conditions.

Trend 3. There Are no More “Good” or “Bad” Methodologies and Tools in Project Management

In the Global Trends in Project Management 2022 study, the ProjectManager IT platform surveyed more than 600 project managers, and 60% said they use hybrid methodologies (Agile + Waterfall) or other combinations to manage projects. Yes, the use of several tools and approaches in one project is a 2022 trend.

Trend 4. PM Will Increasingly Interact with Remote Commands

The latest annual Microsoft Work Trend Index survey shows that in 2022, teams are choosing a remote or hybrid format. Microsoft’s statistics are based on a survey of 31,000 people from 31 countries.

In 2022, 30% of employees are ready to resign if the team will not be able to work remotely.

Reasons for changing the traditional format:

  • Risk of getting COVID-19 (21% of respondents);
  • Desire to find a balance between work and personal life (24%);
  • Lack of trust in your project manager, team member (21%);
  • Insufficiently flexible working hours (21%).

In addition, more and more team members are in search of meaning, i.e. it is important for them to feel the importance of their activities and be personally involved in the project implementation process (40%). At the same time, personal space, flexible schedule, and trust in your manager are important for such employees.

Based on this, the best recommendations for PM remote command management would be:

  • Improve your virtual leader and mentor skills.
  • A new format of mentoring: organization of remote webinars and seminars for employees.
  • Work on increasing the level of trust of all team members in you and vice versa.

According to the Microsoft Work Trend Index 2022, 53% of team members prioritize their mental health and personal well-being. If the employer is unable to do so, 24% of employees will prefer to move to a company where the psychological state of colleagues is one of the key values. Check the number of tasks of colleagues regularly: make sure no one is overwhelmed. Meet with team members once a week online or offline and say daily downloads.

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A Guide for Entrepreneurs to Develop Table Booking & Catering Business

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Keeping a bistro or catering business is positively not a basic task. It fuses different tasks like arranging the quantity of staff, reviving menu, managing stock and specifically giving exceptional client support. It is a kind of occupation that won’t at any point stop. Nowadays, one of the huge hardships looked by bistro owners is appointments and directing clients. Hereafter, to get this work calm and foster your business one necessities to go online. Likewise, this ought to be conceivable using table booking app development or catering on demand.

Catering On Demand – Grow Your Catering Business Online with Customized Solution

As a business visionary, starting with catering service helps with extending both profit and expansion of client base. Giving catering service as well as there are a ton of activities drew in with catering business. Along with staff, gear you need appropriate administration as well as to gain clients. Preceding starting one necessities to fathom how catering business works and how you can make more revenue with online catering service. For this one can get a changed solution by catering on demand.

Catering on demand is a moment solution for starting your own catering app. With this a business person or startup can ship off their own catering app. It connects users and catering service providers for communication and getting booked with the catering service. Using catering on demand, the user can without a doubt scrutinize the summary of catering service providers and moreover research with the menu. As a head, using catering on demand can make a nice revenue from both the sides for instance catering service providers as well as users considering different commission models. Consequently, understanding the catering business model will help with creating more profit and foster your business. We ought to have a nice starting catering business online using catering on demand.

Manage Your Restaurant Business Online Using Table Booking App Development

For bistro owners, it ends up being quite problematic when the clients need to wait in a line. There is moreover an opening or agitating impact in the administration as well. This may moreover achieve awful service and clients can return. To avoid this situation, for diners it is savvy to encourage their own table booking app. Additionally, for this, one of the best ways is regardless table booking app development. Using table booking app development one can arrange with all components and functionalities into it.

As a business owner, with the help of a table booking app one can without a very remarkable stretch have some familiarity with the tables being saved for lunch or dinner and appropriately get the new clients in. It could in like manner help with diminishing the possibilities of wastage of food. Additionally, clients can without a very remarkable stretch book a table in a restaurant and get the food on time. One can without a very remarkable stretch book a table in a particular bistro by really investigating the availability and can clearly have the food. Consequently, as a business person in the unlikely event that you are expecting to start a kind of table booking business at another level get it with the on demand table booking app development. It’s right now time to start a business using table booking app and get additionally evolved features using table booking app development.

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