The US economy will have to exceed the Congressional Budget Office's potential GDP estimate to reach President Donald Trump's goal of 4% growth this year. The Federal Reserve may have to slow down its interest-rate increases to aid growth if enough slack is left in the economy to support improvement, writes Neil Irwin.
Create an ambitious sales team by only hiring sales representatives that have the mindset that they control their own level of success, writes Larry Kendall. Other features of top sales reps include the hunger to succeed, empathy for others and the willingness to spend most of their time actively communicating with others.
Solar-powered aircraft, flights subsidized by advertising and "smart surface" technology could all be on the horizon for air travel, experts predict. RyanAir CEO Michael O'Leary sees a potential future in which flights are "cost-free" for passengers.
A successful initial public offering is, in part, about telling the right story about your company, writes Ashley Mayer, who shares insights from her time at Box. One challenge facing Snap is that its metrics do not point to an obvious destination for the business.
Embark, a startup that has exited stealth, is focused on making self-driving technology for truckers on highways. The company has approval to test its product in Nevada and is a competitor to Otto, which was acquired by Uber last year.
Multitasking has gotten a bad name, but Steven Sweldens argues that it's a real thing, possible when in a state of mind called "in the zone." "Opposition to multitasking is largely based on the assumption that the concentration and self-discipline required to get things done are limited resources," he says.
Connecting organically with followers on Facebook has become increasingly challenging, but creating a private Facebook group may help, writes Sujan Patel. "Take the time to draft a clear description of who can join and what they'll get out of the group," he advises.
The owners of Mountain Bikes Direct, an online retailer, say their company had rising sales and more varied inventory than its competitors, but it wasn't making a consistent profit. The owners fixed the problem by doing a "financial detox" that involved analyzing their accounts and eliminating unnecessary spending.
An employee stock ownership plan may be attractive in theory but too costly in practice for small-business owners looking to transfer their companies to their workers. However, as Robert Bloink and William Byrnes explain, there's a less expensive alternative that relies on a modified defined-benefit plan structure.
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