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May 21, 2012 | 01:11 PM |
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9 Tips On How To Maximize Productivity

1.   Understand the lifecycle of ideas


When a new idea strikes, energy and excitement is extremely high. But when the hard work really begins, excitement drops. This is called the “Project Plateau.”

It’s the doldrums of project management.  We hate that place so we try to escape it. There are more half-written novels than there are novels.

There’s the gravitational force of operations — which pulls you away from what’s important to what’s urgent. The key is making time for both.

2.   Accountability is key, and this begins with leadership


Effective teams hold each member accountable for their contributions. For this to happen, there must be a clear leader who knows each person’s strengths.

People seldom leave jobs for more money.  It’s because they don’t feel fully utilized. This tracks back to a leadership problem. … There are too many disorganized and isolated networks.

Part of accountability involves keeping people honest.  We often say we want feedback, but we don’t seek it.

3.   Workflow needs to be forward-thinking, not just reactionary


If you simply repond to what’s urgent, that’s a reactionary way of thinking and working. It may get you through the day, but it doesn’t lay the groundwork for long-term innovation. Belsky offers a formula:

Making ideas happen = creativity/ideas + organization and execution + communal forces + leadership capability

When it comes to organization and execution, since there’s often an endless stream of reactionary workflow, there’s a lost “forced space for deep thinking.”

Good leaders will create space for this by “creating windows of non-stimulation.”  During this time, leaders will read reports, data, etc. — but not react to anything; just process it.



4.   Organization will make or break ideas


Spend energy on staying organized who offers up another formula:

Creativity x Organization = Impact

Zero organization around ideas = zero impact

5 (ideas) x 0 (organization) = 0 (impact)
100 (ideas) x 0 (organization) = 0 (impact)
50 (ideas) x 2 (organization) = 100 (impact)

The company with the best supply chain management is also considered one of the world’s most creative (Apple).  Organize with a bias to action.

In order to stay organized, create an action method, which includes action steps and backburner items (which are consistently revisited at a designated time each week).



5.   Run effective meetings


Meetings can also make or break an organization. Long, ineffective discussions will waste precious time and energy — not to mention break up the workday.

Look at companies like Google, which hold standing meetings. People only discuss what needs to be discussed, and everyone walks out with “actionable steps.”

6.   Surround yourself with progress, and plan for more


Effective teams surround themselves with testaments to progress — such as full calendars or checked-off to-do lists. Progress begets progress.

Successful people celebrate small wins every day and know how to prioritize projects. They also know how to divide up their time. Pretend you have an energy line which runs from low to extreme.  Work on your toughest, most important assignments when you’re at your peak energy level. Save the more monotonous work for when your energy levels are lower.

7.   Know everyone’s strengths, and create a diverse team


There are three different types of workers — dreamers, doers and incrementalists. All bring valuable skills, but are exponentially more effective when working together.  You need people with an opposite or different tendency to round you out.

There should also be a culture of open innovation. Share ideas liberally.  Entrepreneurs share ideas quickly and get them out there. They all say the benefits outweigh the cost [of someone potentially stealing their idea]. They believe they’ll get more refinement, more accountability and potential collaborators. They’re willing to make that tradeoff.

8.   Create a culture of innovation


Too many companies don’t allow for true innovation. They punish risk-takers who don’t meet expectations. But to become a risk-taker — and truly innovate — is to also accept that there will be many failures along the way. 

So much of the latest research around innovation is rapid prototyping.  The third time you try, you’ve figured it out.  Genius is 1% inspiration and 99% perspiration.


9.   Stay passionate and focused


Fight your way through breakthroughs.  Apathy screws over clients and customers.
Fight apathy ruthlessly. And don’t become burdened by consensus. … Nothing extraordinary is ever achieved through ordinary means.

May 21, 2012 | 08:15 AM |
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Everything You Need To Know This Morning

May 18, 2012 | 09:08 AM |
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Everything You Need To Know This Morning

May 16, 2012 | 01:39 PM |
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The 15 Best Housing Markets For The Next Five Years

Home prices are expected to bottom later this year after falling nearly 35 percent from their 2006 peak, according to the latest data from Fiserv Case-Shiller.

They also note that housing is more affordable now than it has been at any time in the last four decades.

We drew on Fiserv Case-Shiller data to identify the best housing markets for the next five years.

The 15 cities are ranked by the projected annualized change in home prices between Q4 2011 and 2016. We also included the median home price, median household income, unemployment rate, and the change in home prices since their peak to give a better scope of the housing market.

Note: Data median family income and home price data is for Q4 2011. Unemployment data is for February 2012, and population and households data is for 2010.


Santa Barbara-Santa Maria-Goleta, California

Annualized expected growth from 2011 - 2016:
7.4 percent

Home prices have declined 51.0 percent in the Santa Barbara-Santa Maria-Goleta metro area since they peaked in Q3 2005. The median home price is $266,000 which is much higher than the national median of $163,000.

The metro’s 8.3 percent unemployment rate is in line with the national average, and it has a median household income of $68,800 above the national median of $63,000.

Port St. Lucie, Florida

Annualized expected growth from 2011 - 2016:
7.5 percent

Home prices have fallen 55.8 percent in the Port St. Lucie metro area since their peak in Q1 2006. It has an unemployment rate of 11.0 percent and a median family income of $51,700 that is higher than the national median.

The median home price in Port St. Luice is $130,000.

Modesto, California

Annualized expected growth from 2011 - 2016:
7.5 percent

Modesto home prices have dived 64.4 percent since their Q1 2006 peak, and the current median home price is $141,000, well below the national median of $163,000. But the city has an extremely high unemployment rate of 15.7 percent and a median family income of $54,800.

Sante Fe, New Mexico

Annualized expected growth from 2011 - 2016:
7.6 percent

Santa Fe’s home prices have tumbled 17.1 percent since their Q4 2007 peak. It has a low unemployment rate of 5.8 percent and a median household income of $59,400

Panama City-Lynn Haven-Panama City Beach, Florida

Annualized expected growth from 2011 - 2016: 
7.6 percent

Panama City has a median home price of $138,000, and its home prices are down 42.0 percent from their Q1 2006 peak. The metro has an unemployment rate of 8.3 percent in line with the national average, and a median household income of $56,200.

Eugene-Springfield, Oregon

Annualized expected growth from 2011 - 2016:
7.9 percent

Home prices in the Eugene-Springfield metro area have slipped 21.2 percent since their Q2 2007 peak. The metro has an unemployment rate of 8.3 percent and a median household income of $53,300, which is below the national median.

Sebastian-Vero Beach, Florida

Annualized expected growth from 2011 - 2016:
8.1 percent

The Sebastian-Vero Beach metro area has a median home price of $135,000, below the national median, and home prices have declined 52.0 percent since their Q4 2005 peak.

At 10.8 percent, the unemployment rate is higher than the national average. The median family income of $58,500, is below the national median of $63,000.

Tucson, Arizona

Annualized expected growth from 2011 - 2016: 
8.2 percent

Tucson’s home prices have plummeted 45.8 percent since their peak in Q1 2006. The median price of a Tucson home is $142,000. It has an unemployment rate of 7.8 percent, below the national average, and a median household income of $57,200

Deltona-Daytona Beach-Ormond Beach, Florida

Annualized expected growth from 2011 - 2016:
8.8 percent

The Deltona-Daytona Beach-Ormond Beach home prices have fallen 53.5 percent since their Q1 2006 peak, which could make it a good time to invest. The median cost of a home is $108,000 which is below the national median home price of $163,000. But the metro has an unemployment rate of 9.5 percent and a median family income of $55,100.

Ocala, Florida

Annualized expected growth from 2011 - 2016:
9.1 percent

Home prices in Ocala have plunged 52.1 percent since they peaked in Q3 2006, and the city has a median home price of $95,000. Ocala does however have a high unemployment rate of 10.4 percent and a median family income of $44,500, well below the national median.

Lakeland-Winter Haven, Florida

Annualized expected growth from 2011 - 2016:
9.2 percent

The Lakeland-Winter Haven metro area has a median home price of $105,000, and home prices have declined 55.8 percent since their Q2 2006 peak. At 10.2 percent, the unemployment rate is higher than the national average of 8.3 percent, and the median family income of $49,700, is below the national median of $63,000.

Napa, California

Annualized expected growth from 2011 - 2016:
9.7 percent

Napa has an unemployment rate of 8.2 percent and a median family income of $77,400, above the national average. It has a median home price of $330,000 and prices have fallen 51.7 percent since they peaked in Q1 2006.

Madera-Chowchilla, California

Annualized expected growth from 2011 - 2016:
10.3 percent

Madera-Chowchilla has a population 152,925 and a high unemployment rate of 14.4 percent. The metro has a median family income of $52,500 and its homes prices are down 53.1 percent from their Q3 2006 peak.

Medford, Oregon

Annualized expected growth from 2011 - 2016:
11.5 percent

Medford’s home prices have fallen 37.1 percent since their peak in Q2 2006. The metro has a population of 204,822 and median family income of $49,700. At 10.8 percent Medford’s unemployment rate is higher than the national average.

Data provided by Fiserv Case-Shiller Indexes



May 16, 2012 | 09:51 AM |
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Everything You Need To Know This Morning

May 15, 2012 | 08:00 AM |
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Everything You Have to Know This Morning

May 14, 2012 | 09:20 AM |
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Everything You Have to Know This Morning

May 11, 2012 | 08:24 AM |
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Everything You Need To Know This Morning

May 10, 2012 | 10:12 AM |
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Amazon Will Launch A Color Kindle This Year

Amazon may launch a color version of its Kindle e-reader this year, according to a DigiTimes report.

DigiTimes’ sources say the reader will have a capacitive touchscreen that will allow for multitouch gestures. 

The new device will use new color technology from E Ink, the same company that developed the black and white “electronic ink” in current Kindles

May 10, 2012 | 08:41 AM |
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Top 25 US City With The Most Educated Young People

If you want to be around the epicenter of smart, young people, move to Boston.

The City on a Hill has more educated people between the ages 18 and 34 years old than any other city in the U.S. based on an analysis of the latest census numbers done by The Business Journals.

According to the Census Bureau, 39.2 percent of people between 18 and 34 hold a bachelor’s degree in Boston.

With Boston College, Boston University, Emerson, and nearby Harvard, it’s easy to understand how Boston ranked on top.

About 11.9 million people in the 100 cities surveyed between the ages of 18 and 34 had four-year degrees, which equates to about 24.9 percent. That number does not include the people in that age bracket still working toward earning their degrees.

Washington, D.C. ranked second, with 37.2 percent of people holding bachelor’s degrees.

Rounding out the top five are San Francisco, San Jose, and Madison, WI. New York ranks No. 6 with 33.12 percent of people holding bachelor’s degrees.

Bakersfield-Delano, Calif. ranked last among the 100 cities in the data set with only 9.09 percent of people having earned four-year degrees.



Metro areaPopulation (18-34, 2010)Bachelor’s degree or higherBachelor’s degree or higher %DescendingRankBoston-Cambridge-Quincy, MA-NH1,095,385428,98139.16%1Washington-Arlington-Alexandria, DC-VA-MD-WV1,383,193514,83737.22%2San Francisco-Oakland-Fremont, CA1,036,952369,04435.59%3San Jose-Sunnyvale-Santa Clara, CA441,451155,49135.22%4Madison, WI157,00754,65834.81%5New York-Northern New Jersey-Long Island, NY-NJ-PA4,478,4861,483,14133.12%6Minneapolis-St. Paul-Bloomington, MN-WI778,001250,63432.22%7Bridgeport-Stamford-Norwalk, CT178,90356,45131.55%8Raleigh-Cary, NC272,21583,95930.84%9Des Moines-West Des Moines, IA135,49841,73530.80%10Denver-Aurora-Broomfield, CO613,659188,26530.68%11Pittsburgh, PA490,531146,21429.81%12Chicago-Joliet-Naperville, IL-IN-WI2,258,082669,89629.67%13New Haven-Milford, CT194,47556,01928.81%14Albany-Schenectady-Troy, NY201,48358,01228.79%15Seattle-Tacoma-Bellevue, WA847,082242,43228.62%16Austin-Round Rock-San Marcos, TX494,699139,15228.13%17Baltimore-Towson, MD633,436178,16928.13%18Philadelphia-Camden-Wilmington, PA-NJ-DE-MD1,371,923382,98127.92%19Buffalo-Niagara Falls, NY248,59469,07527.79%20Hartford-West Hartford-East Hartford, CT258,94371,09927.46%21Omaha-Council Bluffs, NE-IA209,35157,14427.30%22Columbus, OH461,261125,03227.11%23Kansas City, MO-KS453,345121,76426.86%24St. Louis, MO-IL630,059163,45525.94%25

May 09, 2012 | 09:28 AM |
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Everything You Need To Know This Morning

May 08, 2012 | 12:49 PM |
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It Took Pepsi Execs Nine Months To Figure Out How The Brand Is Different From Coca-Cola

Brad Jakeman signed on as president of global enjoyment and chief creative officer of Pepsi last year and was tasked with developing the identity of Pepsi’s biggest drink brands.

First, he had to figure out what exactly makes the Pepsi brand different from eternal enemy Coca-Cola. It took a while — nine months to be exact — but him and his crew finally came to a conclusion, reports Natalie Zmuda in a feature on Pepsi’s Beverage Lab at AdAge

Look at what they went through, according to AdAge:

“For nine months, a core team of Pepsi execs, including Messrs. Jakeman and Lowden, scoured the globe for inspiration, looked to the past for insights and sought to understand what precisely made Pepsi different from Coke. There were exhaustive focus groups, in-home ethnographies, quantitative and qualitative studies, and cultural immersions in markets as diverse as Argentina, Australia, United Arab Emirates and Russia.”

What did they come up with after all that effort? ”Coke is timeless. Pepsi is timely.” Essentially, Coke represents permanent happiness while Pepsi embraces excitement.

It just goes to show how much effort big brands put into their research. Pepsi used all that research to develop its simple new tagline, “Live for Now.”

Is all that effort worth it? It seems excessive, but the Coke and Pepsi marketing machines are the most important things at their respective companies and they’ll do everything possible to perfect them.

May 08, 2012 | 08:47 AM |
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Everything You Need To Know This Morning

May 07, 2012 | 09:04 AM |
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Everything You Need To Know This Morning

May 04, 2012 | 09:59 AM |
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What You need To Know For Today’s Huge Jobs Report

It’s that day of the month again: jobs day!

Today, the BLS will release the Non-Farm Payrolls report for April.

The current consensus is that there will be a gain of 160K jobs, which is up from the 120K created in March.

Our own projection is for 146K.

The projection from Twitter users is 140K.

Private payrolls are expected to come in at 165K, implying another 5K reduction in public sector workers.

The stakes are pretty big. At just 160K, this is already in the low-end of what Bernanke considers acceptable levels of job creation.

Thus a bad number has big implications for the question of whether there will be QE3. The current thinking is that QE3 is unlikely, but… it’s certainly not totally off the table if things get bad.

In terms of the big picture, things were looking much better for the economy in January and February. The data in March and April has been softer, as claims have ticked higher, and regional Fed surveys have showed flagging growth (though still growth).

Some other numbers to watch, via Bloomberg:

  • Average hourly earnings are expected to rise by 0.2%
  • The unemployment rate is expected to hold at 8.2%
  • Weekly hours of week are expected to stay flat at 34.5


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