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Great book on building a business in China…

Up till now i read over 10 business books about China. If I need to single out one that i recommend the most, it will probably be… Mr China by Tim Clissold. If you are aiming to set up a new venture in China you should probably be aware that China is ranked #89 as the best place to do business globally.

If you want to get a glimpse of the reasons why it is ranked so LOW? Mr China will probably provide the best answers..

China will become the #2 Economy in the world this year and will become much bigger than the US economy in the next 20 years.. Doing business in China is a MUST for global companies, and this book can lay out some of the obstacles..

How ever it fails to provide good solutions for the many obstacles mentioned in the book.. I hope to offer some positive Tips in the near future..

china

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5 Tips that will make your presentation shine like Steve Jobs

Steve Jobs

Recently I met several entrepreneurs that presented their new business ideas to me.

Sometimes I was puzzled by the amount of slides and text on each slide, and then I have stumbled upon this column. it is about a new book about presenting like Steve Jobs. Jobs is one of the most Charismatic speakers out there today. So I thought why not share it with you… In this link we can see many tips demonstrated in pictures from Steve Jobs events.

The Apple music event of Sept. 9, 2009, marked the return of the world’s greatest corporate storyteller. For more than three decades, Apple (AAPL) co-founder and CEO Steve Jobs has raised product launches to an art form. In my new book, The Presentation Secrets of Steve Jobs: How to Be Insanely Great in Front of Any Audience, I reveal the techniques that Jobs uses to create and deliver mind-blowing keynote presentations.

Steve Jobs does not sell computers; he sells an experience. The same holds true for his presentations that are meant to inform, educate, and entertain. An Apple presentation has all the elements of a great theatrical production—a great script, heroes and villains, stage props, breathtaking visuals, and one moment that makes the price of admission well worth it. Here are the five elements of every Steve Jobs presentation. Incorporate these elements into your own presentations to sell your product or ideas the Steve Jobs way.

1. A headline. Steve Jobs positions every product with a headline that fits well within a 140-character Twitter post. For example, Jobs described the MacBook Air as “the world’s thinnest notebook.” That phrase appeared on his presentation slides, the Apple Web site, and Apple’s press releases at the same time. What is the one thing you want people to know about your product? This headline must be consistent in all of your marketing and presentation material.

2. A villain. In every classic story, the hero fights the villain. In 1984, the villain, according to Apple, was IBM (IBM). Before Jobs introduced the famous 1984 television ad to the Apple sales team for the first time, he told a story of how IBM was bent on dominating the computer industry. “IBM wants it all and is aiming its guns on its last obstacle to industry control: Apple.” Today, the “villain” in Apple’s narrative is played by Microsoft (MSFT). One can argue that the popular “I’m a Mac” television ads are hero/villain vignettes. This idea of conquering a shared enemy is a powerful motivator and turns customers into evangelists.

3. A simple slide. Apple products are easy to use because of the elimination of clutter. The same approach applies to the slides in a Steve Jobs presentation. They are strikingly simple, visual, and yes, devoid of bullet points. Pictures are dominant. When Jobs introduced the MacBook Air, no words could replace a photo of a hand pulling the notebook computer out of an interoffice manila envelope. Think about it this way—the average PowerPoint slide has 40 words. In some presentations, Steve Jobs has a total of seven words in 10 slides. And why are you cluttering up your slides with too many words?

4. A demo. Neuroscientists have discovered that the brain gets bored easily. Steve Jobs doesn’t give you time to lose interest. Ten minutes into a presentation he’s often demonstrating a new product or feature and having fun doing it. When he introduced the iPhone at Macworld 2007, Jobs demonstrated how Google Maps (GOOG) worked on the device. He pulled up a list of Starbucks (SBUX) stores in the local area and said, “Let’s call one.” When someone answered, Jobs said: “I’d like to order 4,000 lattes to go, please. No, just kidding.”

5. A holy smokes moment. Every Steve Jobs presentation has one moment that neuroscientists call an “emotionally charged event.” The emotionally charged event is the equivalent of a mental post-it note that tells the brain, Remember this! For example, at Macworld 2007, Jobs could have opened the presentation by telling the audience that Apple was unveiling a new mobile phone that also played music, games, and video. Instead he built up the drama. “Today, we are introducing three revolutionary products. The first one is a widescreen iPod with touch controls. The second is a revolutionary mobile phone. And the third is a breakthrough Internet communications device…an iPod, a phone, an Internet communicator…an iPod, a phone, are you getting it? These are not three devices. This is one device!” The audience erupted in cheers because it was so unexpected, and very entertaining. By the way, the holy smokes moment on Sept. 9 had nothing to do with a product. It was Steve Jobs himself appearing onstage for the first time after undergoing a liver transplant.

One more thing…sell dreams. Charismatic speakers like Steve Jobs are driven by a nearly messianic zeal to create new experiences. When he launched the iPod in 2001, Jobs said, “In our own small way we’re going to make the world a better place.” Where most people saw the iPod as a music player, Jobs recognized its potential as a tool to enrich people’s lives. Cultivate a sense of mission. Passion, emotion, and enthusiasm are grossly underestimated ingredients in professional business communications, and yet, passion and emotion will motivate others. Steve Jobs once said that his goal was not to die the richest man in the cemetery. It was to go to bed at night thinking that he and his team had done something wonderful. Do something wonderful. Make your brand stand for something meaningful.

For more of Job’s techniques, flip through this slide show. Then catch a video interview with Carmine Gallo about how he researched his book.

Carmine Gallo is a communication skills coach for the world’s most admired brands. He is also a popular speaker and the author of several books, including The Presentation Secrets of Steve Jobs: How to Be Insanely Great in Front of Any Audience. More of Gallo’s columns are available in hisongoing series.

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The world biggest bubble

The economist inteligence unit just wrote in its July Global Economic – update:

“The US real GDP forecast for 2010 from 1% to 1.4%, but has downgraded its US 2010 forecast from growth of 1.4% to 0.8%. It says that in view of the likely continued weakness of domestic demand, a renewed weakening is likely in 2011 when stimulus measures start to fade. It is forecasting that the US budget deficit will be close to 15% of GDP in the next two years.

Chinese growth for 2009 has been revised upwards to 7.8% (from 6.8% previously), but again, the EIU forecasts Chinese growth to ease slightly in 2010, to 7.4%, again as the impact of the stimulus wanes. It says China’s export picture remains subdued.”

One thing that i remember from Macro economics is that the only force driving inflation is deficit. 15% is a hugh deficit! I would expect inflation levels in the US to reach 5%-10% within the next 5 years. This will drive interest up to 5%-10% compared to 0% today and will result in the USD devaluating vs most major currencies. Long term bonds yields can jump from 3% today to 10% within 5 years. Buyers of these bonds today can suffer from the capital loss of 50% on 10 year US bonds. in addition, if we take into account the currency devaluation that i predict, these investors can lose up to 70-80% of their initial investment – if we will measure it in RMB or Euro.

THIS IS PROBABLY THE BIGGEST BUBBLE IN TODAY’S GLOBAL ECONOMY.

How can we make money from this as individuals?

1. Buy TBT index fund which actually short US treasury bonds.

2. Avoid USD investment and hedge the currency risk if we do invest in USD assets (like the great opportunity of real estate in the US).

How can we protect our business as managers and entrepreneurs?

We should hedge the RMB appreciation risk (I estimate that USD/RMB will be at 4.00 in 5 years) by doing annual forward deals in the major banks.

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Amiram’s Observations Closing Circles by Paulo Coelho

My dear friend Amiram quoted in his post Paulo Coelho. I agree with every single word. Here is the original post:

“I did not write the following, but I could have. Somehow, it is easier to read it when someone else experiences a loss. I do recommend for everyone to read it though, as nobody knows when such a comforting passage will be in need. One always has to know when a stage comes to an end. If we insist on staying longer than the necessary time, we lose the happiness and the meaning of the other stages we have to go through. Closing cycles, shutting doors, ending chapters – whatever name we give it, what matters is to leave in the past the moments of life that have finished. Did you lose your job? Has a loving relationship come to an end? Did you leave your parents’ house? Gone to live abroad? Has a long-lasting friendship ended all of a sudden? You can spend a long time wondering why this has happened. You can tell yourself you won’t take another step until you find out why certain things that were so important and so solid in your life have turned into dust, just like that. But such an attitude will be awfully stressing for everyone involved: your parents, your husband or wife, your friends, your children, your sister, everyone will be finishing chapters, turning over new leaves, getting on with life, and they will all feel bad seeing you at a standstill. None of us can be in the present and the past at the same time, not even when we try to understand the things that happen to us. What has passed will not return: we cannot for ever be children, late adolescents, sons that feel guilt or rancor towards our parents, lovers who day and night relive an affair with someone who has gone away and has not the least intention of coming back. Things pass, and the best we can do is to let them really go away. That is why it is so important (however painful it may be!) to destroy souvenirs, move, give lots of things away to orphanages, sell or donate the books you have at home. Everything in this visible world is a manifestation of the invisible world, of what is going on in our hearts – and getting rid of certain memories also means making some room for other memories to take their place. Let things go. Release them. Detach yourself from them. Nobody plays this life with marked cards, so sometimes we win and sometimes we lose. Do not expect anything in return, do not expect your efforts to be appreciated, your genius to be discovered, your love to be understood. Stop turning on your emotional television to watch the same program over and over again, the one that shows how much you suffered from a certain loss: that is only poisoning you, nothing else. Nothing is more dangerous than not accepting love relationships that are broken off, work that is promised but there is no starting date, decisions that are always put off waiting for the “ideal moment.” Before a new chapter is begun, the old one has to be finished: tell yourself that what has passed will never come back. Remember that there was a time when you could live without that thing or that person – nothing is irreplaceable, a habit is not a need. This may sound so obvious, it may even be difficult, but it is very important. Closing cycles. Not because of pride, incapacity or arrogance, but simply because that no longer fits your life. Shut the door, change the record, clean the house, shake off the dust. Stop being who you were, and change into who you are.”

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China Dreams July 2009

Last Saturday I did one of the things that I don’t like very much – sorting out my paper files. We return in 10 days to Israel and the moving company will arrive tomorrow. To my great surprise I actually enjoyed the process and it was not the chore I thought it would be. I found myself reading documents that were written 3 years ago about business plans and ideas that went through my mind at the time and checking back on them with 20/20 hindsight was quite exciting. It reminded me of browsing pictures from my youth, or from my 7 month trip to South America. We’ve spent 4 years in Beijing. The experience has been amazing and I’ve enjoyed almost every minute of my “China” experience. It’s hard to describe how many different new things we have experienced here. We have learned Chinese. Even after 4 years it still remains the toughest language for me in the whole planet. We have started up 2 internet companies that together employ over 30 employees. All are very devoted and form a strong family like culture. In both websites combined – over 40 million unique visitors have visited so far.  I can’t grasp this number – 40 Million! I got so used to this number that I forget to stop for a second, breath and look at the achievement. I managed to sing “Lan Lian Hua” in Chinese several times. We have raised over 2 Million dollars from investors and generated many long lasting friendships.

Change in priorities

We arrived in China as a couple and we return to Israel as a family with 2 children. I can’t describe the intensity of our love for them. The part I miss the most is sharing the joy of raising them with my family in Israel, particularly our son’s grandparents. It’s hard to believe that after 4 years in China, I have nothing bad to say about China. I love this country. I enjoyed living here and I admire the way this country is managed. It is clear to me that China’s role in the global economy will become even stronger as we move forward. The progress I have made in my personal career here in China is huge. I feel that every year in China was equal to 7 years in any other country (very similar to a dog’s year). The intensity and the speed of change and development is so much greater than Israel. Most of the circumstances show me that China is and will continue to be the future. But something in my gut and my heart, something that I can’t describe in words, directs me back to my family in Israel. 

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                                                                                                                                                                                                                                                                                                                      Special Thanks:

The 1st, is to my wife Irit, who has supported me during the ups and downs. Without her I wouldn’t have gotten past first base. The 2nd is to my 2nd “wife”, Guy.  Guy has been my Yin and my Yang over the last 4 years and helped me balance myself and Meijob. The 3rd goes to our lead investor and member of the board Arik, a true angel, if ever there was one. To the Meijob family: Philip – for following our vision and values with such devotion, your management capability and the passion you have for people and your desire for them to achieve their personal best. You are one of the best managers I’ve had the pleasure to work with; Evelyn – for the biggest heart I ever met; Lika – that I would have taken in a suitcase with me to Israel; Jackie – One of the best developers and devoted employees I’ve ever come across; Gil – for the great initiatives, charisma and management capabilities; Hongyin – for making Meijob’s development procedure robust and organized; Saprina – for leading the marketing with great results; Helix – for mastering the SEO and PPC while leading Meijob to new traffic records;  Vivian – for the distance she made in 3 years in her career at Meijob;  Alon – for the great improvement in our Employer site design; Eric for the attention to details that makes our site strong and healthy; Fei Shuang ge – for the great development of our Employer site and matching algorithm; Angela – for taking over Susan’s responsibility with enthusiasm; Mei for the love she projects to her environment; Rui – for running the daily operations of the office and last but not least – Andy for taking over the IT operations, developing our office, as well as our website’s IT environment and a tremendous ability to solve any problem that presents itself. I want to thank you all and let you know that I carry you in my heart, no matter where I am, you will always be with me and you will always be a part of me. Having co-Founded Meijob with Guy Rotberg, I will continue to influence and challenge the strategic direction of the business in my role as a Director of the Board in the hope of making our dreams come true.

My love to you all, Barak

 

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12 golden rules for SEO

Although this post can provide good tips that can be relevant for an SEO consultant or company, some of the tips are relevant also for business in general.

I also liked one of the links in comments, especially the following:

“Any SEO firm that promises rankings or immediate results right from the beginning, is a major red flag.  For one, it is dishonest to promise something that is beyond their control. Basically, claiming that your site will rank #1 or show up on the 1st page for a specific keyword or set of keywords is not accurate.  The reason is that nobody but the major search engines (Google , Yahoo and MSN) control how websites rank in their organic search results.  No SEO firm can guarantee results because they have no control over the search engines algorithms.  It is true that a reputable SEO firm understands what factors go into ranking websites and can help increase search engine visibility, but no quality firm will ever promise rankings.”

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Spring, Summer, Fall, Winter… and Spring

5 years ago I watched a movie directed by Kim Ki-duk. The name of the movie was Spring, Summer, Fall, Winter… and Spring. The movie really moved me but I keep realizing the meaning again and again as I go through the different seasons of life.

In life we go through good periods that everything can look great, the sun is shining and we are full of energy of creation. These periods are like the spring, when all the trees are blooming, but we also go through bad periods, that everything can seem like it is not working and all our creativity is completely drained. These periods are like Beijing winter: cold, strong winds and all the trees are completely naked and have no leaves.

Life showed me that setbacks (Winter times) are at least as important as success (Spring). I have gone through several setbacks in my life as a Student, Soldier, Employee and an Entrepreneur. They all shaped my character much more than the success that followed.

There are several patterns that helped me overcome the winter times in the past

Accept the winter and stop resistance

I have learned that if I struggle to change the winter and force it to become Spring, it usually never works. In winter times it is better to slow down, accept it and relax. The ability to bloom is limited. We can do some sport, meditation or any other activity that can help to relax.

Use the time to think, and prepare for the spring

Set backs are usually created for a reason. Something in what we did in the past was wrong, our planning did not fit reality or life was more powerful than us. If we use the time to relax and analyze what we did wrong, or what has changed. Only then can we take responsibility and realize how to make it better in the future. This is a good way to enable spring to come.

During my time in orange, I had a major setback. I was in charge of retention – how to prevent orange customers from leaving the company. Due to several reasons that I was not aware of at the time, the churn rate went up sharply, and the company profitability was at major risk. All the focus in the company was aimed at me and I was devastated. I could not see the light in the end of the tunnel. This was one of the most difficult periods of my life. I could not sleep and completely lost my self esteem. After a while I realized that I need to do something different. I had to change. To solve the problem and overcome the crisis, we have built 5 internal thinking groups that suggested the company a new policy. We have identified our problems and fixed them. The result was significant drop in churn rate and a spring time has arrived. Without the 3 months that we used to understand and research our problems we would not have reached it.

Find the time to enjoy leisure activity

The winter is the best time to think of things that can make you feel better. For me, Thailand always works. I go to Thailand and suddenly the smile comes back to my face. If we know what makes us happy, we can just do it, and the winter will look so much better.

Realize that sometimes the reality did not change; it is only the glasses we use to view reality

During winter times the same reality that few months looked promising, suddenly becomes horrible. We should understand that it is only the glasses that changed and maintain our positive energies.

Start to dream

A change will always start from our imagination. Winter is a great time to dream of new things we want to achieve or do. It is not the time to do it, or even plan it. But it is a great time to dream. Maybe you want to join Chinese class, maybe you want to become a journalist or travel to Bali, or become the US president. There is no limit to our dreams. We can play with our mind and imagine things. This can lead in the spring time to action.

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What type of manager are you?

In this interesting article written in hebrew 4 types of managers are described:

1. Executioner.

2. Fire generator.

3. The bureaucrat

4. Integrator

I find it to be a bit too simplistic to describe only 4 types of managers, but i guess one must question him self what are the ingredients in his own management style and then aim to perform task / jobs that are his core strength.

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How to Make Your Place in the World

In this excellent post Guy Kawasaki interviews Tina Seelig who is the executive director of the Stanford Technology Ventures Program (STVP), where she teaches courses on innovation and entrepreneurship. Tina earned her Ph.D. in neuroscience from Stanford University Medical School and has worked as a management consultant, multimedia producer, entrepreneur, and author. Her newest book is titled, What I Wish I Knew When I Was 20: A Crash Course on Making Your Place in the World.

Read the full interview here

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Good book i just read about apple

I have just completed the book “Apple Confidential 2.0: The Definitive History of the World’s Most Colorful Company“. It provides a lot of details about the company vision, history, crisis and amazing turnaround conducted by Steve Jobs. As a bouns I add a link to some of the new ads by apple of “I am a MAC

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