Some interesting links we found across the web this week:
What Companies Should Do to Prepare for a Recession
There are plenty warning signs that a recession is coming: ballooning corporate debt, low government yields, negative returns on the Standard and Poor’s 500 and lower GDP growth in China relative to what it was before 2010. For many executives, the question is not whether to prepare for a recession but how? This article from HBR analyzed businesses that not only survived, but actually thrived in the last downturn. Are you worried the recession is right around the corner? Click on this article to learn how to prepare for the next downturn.
Taking a Systems Approach to Adopting AI
Five years ago, only 10% of large companies adopted machine learning and other forms of artificial intelligence in their core business. Today, the figure is about 80%. Artificial intelligence is no longer just a buzzword. It has become, just as predicted, a critical problem-solving tool that a large business cannot grow without. Are you curious about the next phase of artificial intelligence in large business? This HBR article argues for the adoption of next generation enterprise IT systems—that they call “future systems”—and it will be responsible for a growth of revenues as much as one-third over the next five years.
5 Key Drivers for Creating a Board for Your Startup
What should you consider when creating an Advisory Board versus a Board of Directors. Read this AlleyWatch article for information on the function and purpose of these two boards and why you should consider adding them to your company.
How Startup Founders Survive the First Year Without a Paycheck
Do you have a great business idea but the risk of starting a company stopping you from taking the leap of faith? Starting a company does not have to be so black and white. There are ways to mitigate risks, including finding ways to support yourself while supporting your new venture. Click on this Business2Community article to find out how.
Forget Being 'Innovative.' Use These 8 Words to Describe Your Startup
Every new startup in Silicon Valley is self-described as “innovative.” Don’t be like everyone else. Here are some other “innovative” descriptions for your company you should consider from Inc.com.
How Do VCs Make Money?
Here is an honest, straightforward explanation of how venture capital firms run their business, written in a simple, conversational style by Hackernoon.
