04 September 2009

Dan Pink on the surprising science of motivation
Everyone knows that offering incentives to employees yields better results, the same way we know that dangling a carrot in front of a horse will motivate him to walk toward it. The only problem is, it turns out that we’re wrong.
In a recent TED Talk, Dan Pink explains the mismatch between how the business world handles motivation, and what science shows about what really works instead. Carrots worked well for 20th century tasks involving mechanical manipulation, but once you shift over into 21st century tasks that are more about cognition, introducing an extrinsic motivator not only doesn’t help results, it harms them.
Fortunately, science also knows what does work instead: intrinsic motivators. You’ve seen the famous cases like Wikipedia and google labs. Watch this TED Talk for more insight into the way you think about rewards.
posted under: Business building, Inspiration
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28 August 2009
Learned from a recent NYT article about this interesting new start-up in Brooklyn. Kickstarter calls itself “a funding platform for artists, designers, filmmakers, musicians, journalists, inventors, explorers…,” and is quick to say that it’s not about lending or charity. Instead, it says it provides “a sustainable marketplace where people exchange goods for services or some other benefit and receive some value.”

Kickstarter is a funding platform for artists, designers, filmmakers, musicians, journalists, inventors, explorers...
Which reminds that I’ve been wanting to post also about Kiva, which has had an enormous impact in its several years of “loans that change lives.” Entrepreneurs from all over the world (Lebanon, Nicaragua, Uganda) submit their project proposals and photos, along with how much money they need to raise ($230, $375, $1200). For just $25 (or more), you select an entrepreneur whose project and profile appeal to you. Kiva takes care of updating you on the project’s progress, and maintaining public records about how much of the loan has been repaid. When your money is repaid (current repayment rate is over 98% — see lots of interesting stats), you can withdraw it or reinvest in another project.

Kiva lets you lend to a specific entrepreneur, empowering them to lift themselves out of poverty
posted under: Business building, Community, Personal finance
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09 June 2009
When I was in library school, we had a dean who could be counted on to draw at least one Venn diagram on the whiteboard any time he addressed an audience. It made for a great running joke, as the rest of us found excuses to join him in diagramming just about any subject matter into the same neat format. Perhaps that accounts for some of my fondness for the medium.

How to be happy in business
Today’s favorite new diagram:
How to be happy in business, from
whatconsumesme.com. (He’s now offering high-res poster-sized copies of this image.) A nice visual reminder of what to hold in focus, especially if you need to keep monetizing in the mix.
If you prefer your elegant diagrams with more twist of the unexpected, perhaps you’ll also enjoy one of my favorite daily blogs, Indexed, whose creator Jessica Hagy has been turning out witty graphs for nearly three years now. She juxtaposes things you probably hadn’t thought of in the same sentence before.
posted under: Business building, Inspiration
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02 March 2009
Over the past couple of weeks, I’ve been on a whirlwind adventure around expanding the ways I use and think about social media tools. I’ve been hanging out on Facebook for well over a year now, and continue to think of it primarily as a venue for friends from social rather than business contexts. Heck, I’ve had a (skeletal) profile on LinkedIn for years. But suddenly, since about January, I’m being inundated with advice about how to use Facebook, Twitter, LinkedIn, and their ilk for business building, marketing, and all-around networking for the contemporary business. Everyone, from coaches to tech geeks, seems to be putting together new workshops on the subject. (If you’re completely unfamiliar with this whole scene, google can find you tons more info. Here’s a basic intro called Facebook? LinkedIn? Twitter? Huh? that’ll give you the general idea pretty efficiently.)
Some of my recent discoveries:
Although I hate to think of myself as jumping on any kind of bandwagon, I’ve become intrigued by the upsurge of enthusiasm about Twitter. Thus I’ve decided to leap past my previous reticence and give Twitter the 30-day trial period I’m told I’ll need to get a real sense of its potential. I’ve even checked out a couple of the desktop apps that help you manage your Twitter traffic (verdict so far: Twhirl wins out over TweetDeck).
If you’d like to join me in my experiment, come look me up! I’m lydia413 on Twitter.
Resources I’ve found useful:
…It turns out I could happily keep adding to this list, so I’d better call a halt.
posted under: Business building
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