Entrepreneurial Thoughts and Inspirations

TEDx Talk on Youth Unemployment and Entrepreneurship as a Solution

The CEO of HR Matching, Peter Vogel, recently gave a TEDx talk at the IMD in Lausanne.

In his presentation, Peter explores the future of the labor market and the role of entrepreneurial ecosystems. The technological revolution not only changed the way we work and live, but who we are. The “Next Generations” are facing the highest youth unemployment rates and at the same time employers have entered a fierce competition for talents. This huge challenge can only be solved by the next generation itself, in re-defining the labor market of the future. Establishing assessable and healthy entrepreneurial ecosystems has to become priority #1 of policymakers and practitioners if we want to ensure that the terminology “Lost Generation” will always remain a piece of history.


See the full talk here.

Planning an Entrepreneurial Career? 14 Ways to be a Great Startup CEO

If you are considering starting up your own company, then you will face a large amount of challenging situations. The false assumption that each CEO job is solely comprised of “fame and fortune” blinds many young entrepreneurs and ultimately leads all of them to failure. Read the following article to see a few of the characteristics / tactics / activities to become a great startup CEO: OnStartups: 14 Ways to be a Great Startup CEO

Three Strategies on how Young Entrepreneurs can Bridge Generation Gaps

A compelling article on how young entrepreneurs can overcome the problems they are all facing when stepping into business without a lot of experience and with many older people not believing in their success.
Read the full article here.

Jobzippers as Collaborator of the Social Entrepreneur of the Year Award 2011

We are proud to announce that Jobzippers will be collaborating with the Schwab Foundation for Social Entrepreneurship for this year’s edition of the Social Entrepreneur of the Year Award. This will be an exciting experience and will broaden our range of activities in fostering entrepreneurship and in particular social entrepreneurship as a viable career opportunity.
If you are a Social Entrepreneur in Switzerland, you can apply here.
See more details on the competition in the following video (German!):

Great Recruiting Videos (4): Scene from The Pursuit of Happiness

The video cannot be shown at the moment. Please try again later.

As part of our new series “Great Recruiting Videos”, we would like to share with you this lesson on self-confidence and its influence on an interview…

Apply for the 2011 TOYP (The Outstanding Young Persons) Program in Japan

What is TOYP?
We, Junior Chamber International Osaka, recognized the importance of private diplomacy and initiated The Outstanding Young Persons (hereinafter referred to as TOYP) Program in 1981 for the purpose of encouraging mutual understanding and communications beyond national frameworks. Since the program began, we have invited 5 to 10 outstanding young persons to Osaka every year to discuss how we can contribute to our society in the 21st century and offer them an opportunity to better understand Japanese culture.

Why is the TOYP Program important?
What is the value for us? What is the way of looking at things? – The conflict between values is the source of many conflicts and problems today. The world we live in today was formed by our predecessors. In the same manner, we have social responsibility to help shape a better tomorrowfor future generations. We live in a world rapidly evolving technology. The internet has helpedshape our lives, bearing new possibilities for social advancement, connecting the world. Howdo you view human interaction? While technology is an integral part of our lives, we still valueface-to-face communication. Although tragedy seems to dominate today’s news, we, JCI Osaka, remain hopeful for apeaceful world created by positive action.
That is why we believe the TOYP Program is important. This program creates an opportunityfor the world’s young thinkers and citizens to come together to debate, discuss and createsolutions for the world’s various issues. Together, as one, JCI Osaka is optimistic for brightfuture, one step at a time.

Who can apply?
An individual is eligible for nominated as a 2011 TOYP member if he or she:
1. is non-Japanese and no experience to resident in Japan;
2. is under 40 years old (in principle);
3. has strong interests in creating the brilliant and lively community with high motivation,enthusiasm and leverage;
4. has enhanced leadership ability through social activities in a broad range of fieldsregardless of the type of business it is engaged in, e.g. social entrepreneurial activities,volunteer, social mission/action program, etc, on a practical level toward the realizationof secure and peaceful society where the human rights of each and every person arerespected;
5. can write and speak English well;
6. can participate in the whole program during the period;
7. can participate in this program by oneself; and
8. can fill in the application form completely

Please see this document for more information and the application form.

HBS: Top Ten Legal Mistakes Made by Entrepreneurs

We just stumbled upon an article from Harvard Business School from 2003 which lists common legal mistakes of entrepreneurs make. Legel issues are always difficult to grasp at first, but once understood things are actually quite straightforward with only small issues. There are certain terminologies which might be specific to legal documents, but once you read a certian amount of documents, you will have no problems at all reading them or actually also reproducing them.

Mistake #10: Failure to incorporate a legal entity early enough
They mention this because oftentimes team structure change in the early stages of a business and if you do not have a legal structure clarifying the share distribution among the founders. Also should all founders assign to the new company all their inventions and work related to the company’s proposed business.

Mistake #9: Issuing founder shares without vesting
To vest shares protects the core team of a business idea because only if they remain with the team will their shares vest. Else, they will be retrieved and handed over to someone else who is productive for the business.

Mistake #8: Hiring a lawyer not experienced in dealing with entrepreneurs and venture capitalists
Lawyers who do not have such experience will most likely put their effort into the wrong things. This is not only time-consuming and costly but might actually also lead to a more important issue being left out.

Mistake #7: Failing to make a timely Section 83 (b) election
This is a specific issue for the US only, but similar situations are found elsewhere which is why we mention it. An 83(b) election allows the tax calculation to be made based on the value at the time the shares were issued which is most likely way less than at a later timepoint.

Mistake #6: Negotiating venture capital financing based solely on the valuation
The valuation is not everything that counts. There are other issues that need to be checked: 1) What is the reputation of the investor? 2) Do they stand by the entrepreneur if he or she stumbles? 3) What is their network like? 4) A no-name firm offering the highest valuation is not necessarily the best choice.

Mistake #5: Waiting to consider international intellectual property protection
There are a lot of country-specifics when it comes to IP. The entrepreneur must take smart decisions when it comes to brand protection in markets of interest at the early stage.

Mistake #4: Disclosing inventions without a nondisclosure agreement, or before the patent application is filed
This is of course a tricky issue because for example VCs hardly ever sign NDAs. But for sure everyone else should be signing an NDA.

Mistake #3: Starting a business while employed by a potential competitor, or hiring employees without first checking their agreements with the current employer and their knowledge of trade secrets
Recruiting is a very time-consuming activity. Going through the process and then hiring someone who is or was involved with some direct competitor at that time could result in problematic lawsuits. Even though there are national differences, there are certainly some issues related to this in each country. Even after leaving a company, one still cannot use or disclose the company’s trade secrets.

Mistake #2: Promising more in the business plan than can be delivered and failing to comply with state and federal securities laws
If you promise something while knowing you cannot perform that promise, that is considered fraud. A business plan has the sole purpose to make an honest appraisal of what is doable and what you plan to do in the near future.

Mistake #1: Thinking any legal problems can be solved later
Thinking that everything can be solved later once funding is available is a shortsighted logic.

Read the original article here.

Startup Weekend Zürich – 29.04.2011-01.05.2011

Nach dem grossen Erfolg des letzten Jahres findet auch dieses Jahr wieder das Startup Weekend im Technopark Zürich statt. In einem Team mit gleichgesinnten entwickelst du vom 29.04.-01.05. während drei Tagen eine Idee und lernst die wichtigsten Skills um ein Startup auf die Beine zu stellen.
Für alle kurzentschlossenen Unternehmer oder solche die es noch werden wollen, meldet euch an und nehmt teil am Startup Weekend 2011.

The Entrepreneurial Rollercoaster

The Entrepreneurial Rollercoaster
Check out this great video about the ups and downs of an entrepreneur during the course of his startup.

Unemployment – And how to get out of it

Hélio Leites from Cesar Nery on Vimeo.

We found this interesting video on unemployment and the motivation to simply step out and “do something against it. Hélio Leites from Brazil states: “Whoever is unemployed, is looking for work in the wrong place. Look inside of yourself and you will end up doing what you love.”