Craft in the City

Marc Sparks – on topic article

5 Rules Every Entrepreneur Has to Play By To Succeed According to Marc Sparks

 

Marc Sparks has become a household name when it comes to startups and business entrepreneurs looking to make a name for themselves. He has helped many men and women achieve their dreams. He can do the same for you. Are you willing to put in the effort to achieve your goal?

 

“This is one of the first things I try to impress upon business owners. True startups require a lot of blood, sweat, and tears. To get the gold, you have to be willing to do the work. The work is going to be hard, but it will be worth it. You will need to make many sacrifices, but it is worth it”.

 

Here are the 5 Golden Rules of Business Entrepreneurship that Marc Sparks imparts on his clients.

 

1) You will be building your brand from the ground up. There is no easy way out. Hard work is going to be the main staple of your journey. You will be put to the test every single minute. These tests are designed to see if this is what you really want. To get the gold you have to pass the test.

 

2) Education counts, according to Marc. The more educated you are, the better of you will be. The second you stop learning, this is the time you die. You need education where it counts. Be educated on your clients, market, your strengths, weaknesses, etc.

 

3) You have to practice patience. Our world is built around self-indulgence and self-gratification. We want it now. You cannot be this way. Your brand will not explode overnight. Most true brands take years to develop. Stay true to who you are and you will succeed.

 

4) Be honest every step of the way. How can you deliver on your promise when you are not being honest? Say someone calls you on something. Acknowledge the wrong-doing and make amends. No client is going to give their business to a liar. It takes a while to establish yourself. You will build trust over the years. Think about what is best for your clients, not your bottom line. This is how true brands are created, developed and maintained.

 

5) Do not be greedy about the success. It may be your dream, but there are other key players in your dream. Learn to recognize your key players and what they contribute. Your success depends on your clients and your team. Share the pie with everyone involved. This is key when developing a long-term plan for your business.

 

 

 

 

 

How Capital Group Organization Is Expected To Grow Under New Management

Having more than thirty years experience in investment Industry, Timothy Armor was seen fit to become the Chairman of Capital group. He took over chairman position after the demise of James Rothenberg, the former Capital group’s chairman.

While being the Chairman of the firm, he is expected to work hand in hand with other senior members such as Rob Lovelace, President of Capital research and Management, and Phil de Toledo who is the Capital group president. If the firm is to succeed, these leaders need to work together, as the saying goes, two hands are better than one. Rothenberg, who played a major role in expanding the company worldwide, joined the firm in 1970. It was a big loss for the Capital Group’s community after the loss of one of their colleague who was committed to the firm’s positive progress.

In Armour’s perspective, he views the firm’s strength to come from the collective talents of all the employees when it comes to delivering investment results. The firm was founded and launched in 1931 in Los Angeles, California and as years have passed by, the company has become one the world’s largest and oldest investment companies. It is also known for its long-term focus when it comes to putting their clients first before anything else. It has offices in more than twenty cities including Tokyo, Sydney, and London.

What made Armour fit for this position are his education background and his strong experience in the industry. He studied at Amherst College where he earned hi BA in Political science. To him, education was the key to success and this is why he continued studying even after getting his bachelor’s degree. He went to the University of Massachusetts where he graduated with an MA in political science before heading to Harvard Business School for his MBA. Armour’s career path with the capital group began in 1983 as an Associate.

When it comes to leading and working with the Capital group, Armour announced that the firm was going to have a partnership with Samsung asset Management to come together and work on global investment and management of assets for Korean Market. In specific, the two organizations will majorly focus on four core areas. They include product supervision, retirement organization, investment administration and aiding in distribution channels. The reason as to why the Korean market was being assisted is the fact that it has statistical challenges in reference to the financial requirement on the aging population. Capital Group will help in co-designing investment results for the Korean market. With Timothy as the Chairman of the group, the firm is expected to proper to become better.

The Charitable Work of Anthony Petrello

Anthony is also very well known for his charitable work. His philanthropy began when his daughter was diagnosed with cerebral palsy. Their daughter, Carena, was born premature. Cerebral palsy is a common neurological disease in children that are born premature. The disease is caused by a lack of oxygen and/or blood flow to the brain.

Anthony Petrello and his wife Cynthia Petrello wanted to do something to help not just their daughter but other children as well that are wrestling with neurological disorders. The couple researched pediatric research institutes across the country and world in their quest to help children. They decided the best place to fund would be the Jan and Dan Duncan Neurological Research Institute at Texas Children’s Hospital.

The Petrello’s have so far donated $5 million, with a total commitment of $7 million, to the initiatives of the Jan and Dan Duncan Neurological Research Institute. This money is going towards researching new treatments and cures for neurological disorders experienced by children. The couples advocacy for this institute has led it to being donated $200 million in contributions to date. Anthony and Cynthia Petrello also serve on the Texas Children’s Hospital Board of Trustees.

The institute has made some discoveries through their neurological research. They have identified specific genes that are linked to childhood neurological disorders. They have also discovered connections between Alzheimer’s, which the elderly can suffer from, and Batten Disease which afflicts children.

Anthony Petrello has worked in oil & gas field for many years. After working at a law firm for several years,in 1991 he became Chief Operating Officer at Nabors Industries, Ltd. Nabor Industries is a worldwide natural gas, oil, and geothermal drilling contractor. Anthony has taken on additional executive level positions at Nabors Industries since, including President in 1992 and Chief Executive Officer in 2011. Petrello has led the company into being the largest driller in the world.

See: http://www.bizjournals.com/houston/morning_call/2014/12/nabors-ceo-cfo-take-big-pay-cut.html

Chris Burch’s Perspective on Tech Fashion Trends for the Future

As Chris Burch, a highly-successful entrepreneur and visionary have clearly outlined the fascinating journey of technology and fashion; it is inevitable that the two will depend on each other for success in the future.

 

While past technologies showed some edginess but remained largely focused on functionality as was seen by the evolution of the Boom Box to the Walkman to finally to the iPod, current trends are hinting that fashion will play a more significant role in technology. Anouk Wipprecht, for example, is a Dutch designer well-known for implementing her designs with technology as shown in many of her outfits, e.g., a drink-making dress and a self-painting dress.

 

The merging between fashion and technology serve multiple purposes; among some users, they can work to provide protection and create energy. Fashionable neckwear has been designed for cyclists that can pop out and serve as an airbag during a collision. Clothing has also been created that can capture the kinetic energy to power devices such as a watch and mp3 player.

 

While technological devices are huge hits among consumers, they may sometimes fall short of expectations due to aesthetic reasons. The Google Glass, for example, was functional but was not quite stylish and needed the help of Diane Von Furstenberg to revamp the look.

 

Such cases have shown the importance of fashion for the success of technology and why the two will go hand-in-hand in the future. These insights have come from an experienced and highly creative man, Christopher Burch, the Founder and CEO of Burch Creative Capital and Co-Founder of the Luxury Fashion Brand, Tory Burch.

 

From a young age, he always thought entrepreneurially and worked in multiple roles from construction to door-to-door selling. Though he had a learning disability as a kid, he turned the weakness into a strength by using his creative mind to think about new ideas and build a business over several years along with his brother called Eagle’s Eye Apparel. After selling his company at 40, Burch made many significant investments in major companies including Tory Burch, Voss Water, Jawbone, and Poppin. Through his financial and emotional support, he has been a critical member in helping people to get where they need to go. With a strong sense of humility and creativity, he attributes much of his success to his dreams as a child. He continues to do great work and invest across a wide range of industries.

Mike Baur and the Swiss StartUp Factory Helping Young Entrepreneurs

Mike Baur rose up the ranks of the Swiss private banking system from a commercial apprentice at UBS to an executive position at a prestigious private bank. Having made this achievement and at a time when most executives are purchasing a Ferrari or Lamborghini, Mike Baur made another life-altering decision. At the age of 39, he surprisingly began a new business from scratch. In 2014 Baur with the help of two associates started the Swiss StartUp Factory. Since its inception, it has gained strength and has become the recognized leader in Switzerland among startup accelerators.

Baur had a history of working with Swiss entrepreneurs and founded this company to further help young and talented entrepreneurs establish fundamentally sound and profitable businesses. Baur not only has 20 years of active banking experience but an MBA from the University of Rochester, New York and an executive MBA from the University of Berne.

His business model offers office space, secretarial help, conferencing capabilities, mentoring from Baur and other Swiss Executives, and a large grant to take a business idea and turn it into a functioning and profitable company.

The program is open to all fledgling businesses composed of at least two people. Candidates make application to a board of review, and the winner receives the large grant and is accepted into the program where additional funding is possible. Baur and the Swiss StartUp Factory are primarily looking to discover new ideas in the “FinTech” industry, an area where money changes hands rapidly, securely, and effectively. Baur is hoping to discover the next PayPal and because he will own a small percentage of the business, profit from its development.

Applicants must travel to Zurich where Baur has set up his headquarters for the Swiss StartUp Factory. Once the new business has sufficient funding, it can begin operations anywhere in the world.

This new concept is entirely different from the existing model where entrepreneurs would sell their idea to a major corporation and be absorbed into the corporation and lose their holdings in the new operation. Baur sees the wisdom of the entrepreneur/executive and feels that one good idea will follow another in the life of a talented entrepreneur. The model of the large corporation that has been the rule in American business may be challenged by this brilliant Swiss concept. American business is no longer product driven but will operate on new concepts like FinTech and the telecommunications industry.

Sources: Mike Baur

How To Become A Leader Rather Than A Boss, Josh Verne Style

Josh Verne is the CEO of Flocku.com and one of the most trusted and respected entrepreneur in the business. His over 20 years of experience has given him a variety of insights into the world of leadership, one that he recently shared in a delightful and engaging podcast. It is one that truly illustrates the depth of his favorite quote by Johnathan Swift: “Vision is the art of seeing what is invisible to others.”

 

Understanding The Difference Between A Boss And A Leader

Josh Verne discussed an interesting point in his podcast that many in the management business ignore: the difference between a boss and a leader. Not all bosses are leaders: in fact, bosses are, by definition, not leaders. According to Verne, a boss is a self-centered person in control who demands respect and does what is in his best interest.

 

Think of a boss who asks you to stay late to work on a project so that he doesn’t get in trouble. They might get things done in a slapdash way, but only to make themselves look good. The much rarer type of manager is a leader. This is a person who puts the needs of his group before his own and gains respect by granting it.

 

A good leader typically works just as hard as his underlings, if not harder. Anyone who wants to succeed in business needs to learn how to be a leader. Verne gives several tips on how to achieve this goal, many of which are insightful and interesting.

Verne’s Tips For Becoming A Leader

To avoid becoming a boss and to learn how to become a leader, Verne has a variety of tips that he suggests you master. For example, you need to learn how to get respect from your employees by not forcing your will on them. Make sure they understand that you put their needs before your own by sacrificing your time to help them succeed.

 

Another tip he suggests is to always devise a win-win whenever possible. Don’t put your employees in a situation where they can’t help but lose. This will anger them and make them work less hard to achieve success. Instead, focus on a plan that will please everyone, including getting their goals done on time and sacrificing some of your needs for theirs.

 

Listening is another important skill that Verne really focuses on, as few bosses really listen to their employees. Instead, they just talk and talk without learning a thing. Listening to what your employees have to say, and reacting to it in a positive way, is to Verne, the most important way of achieving success as a leader.

 

Balance and passion: these are the two keywords he hammers on time and time again. This interesting and engaging podcast is one that anyone in a management position should listen to multiple times. It will help you become not only a better leader, but maximize the happiness of your employees.

 

Find out more about Josh Verne:

 

http://www.xconomy.com/san-diego/2014/03/25/global-analytics-buys-workpays-me-plans-disruptive-entry-in-u-s/2/

Stephen Murray Was a Great Deal Maker and Philanthropist

Stephen Murray had a long career in the financial sector of New York City. He was also one of the most active philanthropists in the city. He died last year after retiring from his private equity group, CCMP Capital, one month earlier due to health complications. He was 52 years old.

Education

After being born and raised in Westchester, NY, Stephen Murray started out his career by gaining the asset of a good education. He received his undergraduate degree in Economics from Boston College in 1984 on nypost.com. He was still active at the school up until his death. He then got his Master’s in Business Administration from Columbia University before entering the workforce.

Early Career

He started his career after his undergrad working for Hanover Trust in the credit department. He started as just a trainee but worked his way up and rose to the position of VP of Middle Market Lending in just 5 years. He worked for Hanover trust until 2000. That is when they were bought out by Chase Bank. During his time at Hanover, Murray did join a private equity firm that would later develop into what we know today at CCMP Capital.

After the merger, Murray was employed at JP Morgan & Chase as head of the buyout division. He had experience with this as he had been running a private equity fund for about 10 years that specialized in bank buyouts and growth lending. This fund would continue to grow until Chase bought out Bank One.

Read more: CCMP Capital Advisors Gets Backing to Resume Investing From Fund

CCMP

The merger with Bank One was the genesis for the creation of CCMP Partners. Bank One already had a private equity division on en.wikipedia.org. The CCMP fund was spun out of Chase Bank to prevent any conflict of interest between the fund and any of Chase’s clients from occurring.

Murray was known as a great deal-maker by his colleagues in the financial industry. This is a skill that he used often during his time as CEO of CCMP. The fund focused on making investments in the retail, healthcare, and energy markets. Their investments were fairly large as they average between $100 million and $500 million per transaction.

Philanthropy

On top of his successful business career, Murray also gave back to the community. His most notable role was a member of the board for the Make a Wish Foundation in Metro New York. He also served on the Board Of Trustees at his alma mater, Boston College.

Learn more about Stephen Murray: https://www.crunchbase.com/person/stephen-p-murray#/entity

Achievements of Jose Manuel Gonzalez

Jose Manuel Gonzalez is trying very hard to bring balance both to the National Assembly and the Agricultural sector. He is now the deputy of National Assembly in the state of Guárico where formally he was the president of FEDECAMARARAS. He offered quality services in both areas in the public service though they were different but also complimentary and this increased his popularity. He is a highly respected businessman and is now moving on to politics.

His Views on Politics

Having being in the Agricultural sector before, Jose is very concerned about precarious situation affecting Guárico agriculture. Due to lack of foreign exchange means, farmers in this area stopped producing high tons of rice since they were unable to predict the future. It is very important for farmers to be guaranteed that the crops they produce will have a passage for foreign exchange. Manuel predicted that there will be shortages of food in the country if the matter concerning foreign exchange was not looked at by the Assembly. The Assembly could not offer any solutions to the farmers and hence no one was there to listen to their concerns.

Since Jose Manuel Gonzalez has been frustrated by the National Assembly, he still thinks that the experience he has had is invaluable. He is a full-time deputy and spends most of his time interacting with communities and attending meetings. With this, he has developed a close relationship with them and earned their respect too which he feels good about. He hopes to improve the national interest which he has convinced the public about. Manuel believes that politics is the major cause to the fall of any country and he therefore refuses to have the politician course.

Conclusion

Jose Gonzalez states that having a national agreement is the best way to ensure that the country will feel good about it and also take into consideration all the responsibilities owned to the future generations. He also feels that the best party to launch this agreement should be the government by ensuring there is proper governance in the country. Economic growth and peace should be the main concerns during the launch.

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