Steve Jobs’s Ultimate Lesson for Companies – Horace Dediu – Harvard Business Review

 

 

By Natasha L. Foreman, MBA

After reading a Harvard Business Review article by Horace Dediu about Steve Jobs and Apple, Inc. I stopped for a moment to reflect and ponder some of the things both Jobs (as quoted) and Dediu had said. I reflected on the impact of Apple, Inc. throughout our country, the world, and personally in my life.

Has Steve Job’s positioned himself to leave behind a legacy for all other companies to marvel and attempt to replicate? Think of a legacy in both product development as well as company development. Could it be true that his greatest creation is Apple the system and not just Apple the product(s)?

Do you agree with Job’s that, “Technology alone is not enough. It’s technology married with the liberal arts, married with the humanities, that yields the results that makes our hearts sing“?

I do. That’s why although I’m a tech junky (and yes, I have an iPod, iPhone4, iPad, and the iPad2, and much more) and have an MBA, my Bachelor’s degree is in the field of Liberal Arts, my specialization in my MBA is marketing (dealing with people and the emotion of buying and selling), and my thinking is that the area of humanities helps one to study and learn the human condition so that we can connect on multiple deeper levels.

I agree that you need all of these components to run a successfully innovative and worldly-conscious company. Heck, I think that you should have a firm grasp on all of these components just for your personal achievements in life.

I have no intention on personally or through Foreman & Associates, LLC to replicating Apple’s products, but rather their creative process and ability to intertwine multiple core competencies, focusing on strengths and not weaknesses, and exploding through walls of fear and doubt (mostly from naysayers) with innovative ideas that rock the boat and further builds are company as a leader and not merely another follower in the field of business consulting.

Read what Horace Dediu had to say about Steve Jobs, Apple, and the ultimate lesson being taught to other companies:

Steve Jobs’s Ultimate Lesson for Companies – Horace Dediu – Harvard Business Review.

 

Copyright 2011. Natasha L. Foreman. Foreman & Associates, LLC.

Warren Buffett invests $5 billion in Bank of America

Buffet comes to the rescue as he did with Goldman Sachs in 2008. Will the injection of $ 5 billion help Bank of America climb out of the valley they are in? Will it be enough to restore confidence in investors, analysts and the like, that Bank of America is still the powerhouse most of us believe them to be?

Read the full Los Angeles Times story here:  Warren Buffett invests $5 billion in Bank of America – latimes.com.

Business Hustle Quote of the Day 8.16.11

“It may have been your idea, but it’s the person who hustles to get the pieces of the puzzle together and on the market who capitalizes on the idea. So be careful who you share your ideas with, they may achieve what you could only conceive”    – Natasha L. Foreman, MBA

 

 

Copyright 2011. Natasha L. Foreman. Foreman & Associates, LLC. All Rights Reserved.

Youth Entrepreneurship Programs: Our Nation Needs More Mentors

By Natasha L. Foreman, MBA

As our nation grows increasingly more aware of the need for more small business enterprises, we must also strongly consider and realize the need to educate and empower our youth to consider careers as small business owners. If the goals of many of our children are to gain ‘riches’ and become financially wealthy, then why not show them how to do the work and put in the time to earn the lifestyle they so desire legally and ethically? Instead of raising our children to “go to school then get a job”, why not teach them to “start a business while going to school, build that business, and hire within your community”? If we want school and the dreaded subjects of Math, Economics, English, and History to become more relevant in their lives then we must show them the connection between these subjects and their future as brilliant and innovative entrepreneurs; or if they choose, well-rounded and deeply passionate employees that thrive as servant-leaders for a small or large organization. But they need to see it to believe it. They need to see how to make money with dignity, and legally. They need to see how excelling (or pushing for better than average) in math, economics, English, and history can help them as business owners or managers of an organization.

Students as early as the age of 9 can conceive of saving their money, starting a micro-enterprise such as a lemonade stand, lawn care service, pet-sitting service, babysitting service, etc, and watching their money grow as business owners. These same students, when mentored properly, can also learn how to pay themselves,  invest portions of their revenue, build relationships with potential investors and partners, and grow their business to a level that could help pay towards their college living expenses or tuition. This is possible, and sharing this possibility with a tween and teen could open their eyes to the realities that they don’t have to wait to reach adulthood to become an entrepreneur. Why can’t a 16-or-17-year-old provide social media training for micro-businesses or local, stay-at-home parents? Who spends the bulk of their days on the Internet? Teens.

Why can’t a 10-year-old learn how to purchase, set pricing, and market do-dads, novelty supplies, and the like to their peers, like I did in sixth grade? I was 10-years-old and mastered the concepts of the “mark-up” and excellent customer service. Why can’t a 15-year-old partner with some friends and offer a weekly at-home car wash service to neighbors, allowing you and I to have our cars washed in our driveways? Why can’t a 17-year-old start their own tutoring service specializing in one or more subjects and marketing their services to and through local churches, youth centers, and K-12 schools? Why can’t a high school student market their services as a typist or desktop publishing provider to assist those who need help with document preparation, flyer creation, etc?  They can. They just need the how-to information, tools, good mentoring, and lots of encouragement, to take the risk and give it a whirl.

I read a very interesting article written by Cyndia Zwahlen on July 18, 2011 for the Los Angeles Times, that shared the story of entrepreneurship programs for the youth that are taking off and helping tons of youngsters across the nation. We need more of these programs. We need more businesses, business owners, and organizational leaders willing to take our youth under our wings and empower them to help rebuild and reshape our nation. It’s not just our educational system that needs a booster shot…everyone knows we desperately need that. But what we also need is a booster shot to our economy; we need jobs; we need a sense of stability in unstable times because things won’t stabilize overnight (it wasn’t overnight that things got messy, and it definitely wasn’t the fault of our current White House administration). Our nation’s economic growth and competitive advantage over the rest of the world will only continue to be made possible with an increase in small business development. Our country became a powerhouse mostly because of small business (we don’t need to delve into the historical growth and divide-and-conquer strategies of this nation. That’s for another post on my personal blog). Our nation will only be rejuvenated through small business (job creation, manufacturing and exporting of goods and services, etc.), and it will only thrive with the help of small business (and a consumer focus on buying U.S. brands first, and a business-focus on working with U.S. companies and hiring U.S. citizens/residents first).

What could you teach our youth about entrepreneurship, leadership, and effectively managing and running a business? Consider mentoring one today!

To read Cyndia Zwahlen’s article in its entirety, visit the L.A. Times website here.

 

Copyright 2011. Natasha L. Foreman. Foreman & Associates, LLC. All Rights Reserved.

Knowing What and When to Deduct Expenses for Your Home-Based Business

Ever wonder if the television or iPod/iPhone docking station that you bought for your home office is tax-deductible? Ever wonder how much of  your home can actually be written off as “office space” without raising eyebrows and red flags at the IRS? It’s a possibility that your potted plant won’t qualify as a tax write-off, but your designated area may qualify for deductions for window treatments, wall covering, or if you decide to paint the walls. Some say it’s better to be conservative with your claims, while some would argue that if you are using the space and materials for your business, then deduct them. The best advice given was to consult a CPA who understands small business in general and home-based business specifically. It’s better to be well-informed than drowning in tax bills.

Read this article from the L.A. Times and learn more: http://www.latimes.com/business/la-fi-smallbiz-tax-20110815,0,7360673.story