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Wednesday, May 16, 2012 -- Custom Software. Improved productivity and efficiency leading to cost reductions, easier to use services leading to increased customer satisfaction and retention, a new needed product or service that is not available anywhere else. Techbiz Connection.
Under Hsieh’s leadership, Zappos revolutionized the apparel industry, and e-commerce in general, by being one of the first to prioritize customer satisfaction and service. 2012: Tony Hsieh interviewed about the Downtown Project. Tony Hsieh, Delivering Happiness: A Path to Profits, Passion, and Purpose.
despite having been passed into law in early 2012 via the JOBS Act , and still has no scheduled date for availability, waiting for the rules to be finalized by the SEC. The crowd gets the satisfaction of helping, with minimal risk, and no expectation of any high return. Product pre-order model. Interest on debt model.
The newest equity model was passed into law in early 2012 via the JOBS Act , and still has no scheduled date for availability in the USA, waiting for the rules to be defined by the SEC: Startup equity crowd funding. Sometimes contributors may get compensated later, but usually the rewards are just kudos and intellectual satisfaction.
Based on the latest Startup Environment Index from the Kauffman Foundation and LegalZoom, personal money, or bootstrapping, continued to be the primary startup funding in 2012. Yet we all apply pressure to ourselves to do these things to our own satisfaction. You should choose to be an entrepreneur to be able to do what you love.
I believe the days of the “job work” mentality are thankfully waning, with more people looking to get satisfaction by making the world a better place, rather than just tolerating brain-numbing work to fund enjoyment elsewhere. That is a 65% increase in the number of IPOs over 2012, and the highest proceeds raised since the year 2000.
That isn’t very fulfilling to the growing number of entrepreneurs whose vision and satisfaction comes from making the world a better place, and enjoying a leisurely lifestyle with friends and family. Marty Zwilling First published on Young Entrepreneur on 10/25/2012. Fulfillment and success need not be mutually exclusive.
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