Category Archives: Current in Entrepreneurship

2023 FL Small Business Leadership Conference

The spectacular Jim Moran Institute based at Florida State University is holding their annual conference now, June 19-22, 2023 at the beautiful Lowe’s Sapphire Hotel based in Universal Park Orlando Florida. Your editor attends each year for the speakers are carefully invited and are the best to be heard by this entrepreneurship educator.

The mission of the Jim Moran Institute for Global Entrepreneurship is to cultivate, train and inspire entrepreneurial leaders through world-class executive education, applied training, public recognition and leading-edge research. The Institute based at Florida State University comprises a dedicated team of entrepreneurship professionals, academic scholars and staff who foster the entrepreneurial spirit by helping to organize, expand and promote the knowledge and practice of entrepreneurship in such a way as to facilitate new business and further the goals of established businesses. It was founded in 1995 thanks to the generous contribution of the late Jim Moran and his wife Jan who continues to support his legacy.

Held annually in Orlando, the Small Business Leadership Conference provides an opportunity for attendees to share innovative ideas and learn vital information to ignite strategic growth. This year the event was held at the beautiful Loew’s Sapphire Falls Resort at Universal Orlando. It kicked-off with a keynote by Esu Ma’at, Diversity Chief for the Orlando Magic pictured below, which has become the face of the NBA Magic franchise. After his changes over a few years, the Magic have become known for community and entertainment. Surveys have shown fans come to the Amway arena as much for the experience as the game itself. His was a timely look a company successful at DEI, diversity, equity and inclusion.

A highlight for most was the next day motivational talks by two of the best in the field. Tania Bartolini told the story of her break-away from corporate law to start her own firm shortly after giving birth to a son, and the overcoming of many obstacles to making self-employment successful. Some of her lessons including the need for setting proper, smart goals, cutting them into bite-sized pieces, and then tracking the progress of the actions under those goals. Jay Owen, author of Building a Business That Lasts, followed Tania, and his story of success includes some of the same obstacles. From humble beginnings over five years, Jay eventually built a self-improvement company that today earns $5 million in revenues and help many startup business grow effectively.

His cites three reasons that motivate entrepreneurs -freedom, money and purpose. Each one has to know their “why”, and the key is building a business without sacrificing family. His twelve keys to small business success are 1. clarify your story so that you invite customers through empathy and authority, 2. embrace an others-centered mindset, 3. get excited about selling a ministry of products that have value, 4. navigated the seasons of life and set expectations, 5. track success in all areas of life (work and personal like a scoreboard in a football game), 6. be patient with growth (cites John Mark Comer”s “hurry is violence to the soul”), 7. learn to “jiggle” money in three areas -pipeline, receivables and cash (flow), 8. be willing to change (think of the recent inventions of the internet, iPhone and A. I.), 9. block personal time by guarding your personal time ahead, 10. get the right people around you (someone to look up to, someone to stand by you, and someone who looks up to you), 11. know the “now” priority by recognizing when it is not your priority and 12. have a vision for the future (take time to visualize the end-points).

A major topic for the conference was artificial intelligence, A. I. A luncheon keynote was given by Alex Oliveira, founder and CEO of Prediq (based in Boca Raton, FL specializing in digital marketing using data-driven approaches and cutting edge tactics now including A. I. for SEO, online advertising, and sales generation. His applications will be covered in a future blog post in more detail.

The conference had some interesting breakout sessions. Among the most interesting were creating a business using human intelligence, leading the team to effectively execute growth, small business continuation plan during a hurricane, making an exit plan, a ChatGPT experiential clinic, how to become a social media superstar, preparing your business for financing, navigating the future and creating lasting impact, and how to build legal infrastructure to make your business stronger.

I would encourage any small business to make a vacation to Orlando some June in the future to take advantage of these valuable speakers and workshops. They are truly among the best anywhere and the setting cannot be beat. One sampling of this year’s venue are the grounds of the Low’s Sapphire which is on the Universal Park grounds.

Doris Hsu from Taiwan named EY World Entrepreneur Of The Year 2023

Doris Hsu, Chairperson and CEO of GlobalWafers Co., Ltd., was named the EY World Entrepreneur Of The Year™ 2023 at an award ceremony held in Monaco’s Salle des Etoiles. Doris was selected from among nearly 5,000 program participants that included the 49 winners across 45 countries and jurisdictions competing for the global title. She is the third woman to hold the title and the first winner from Taiwan in the award’s 23-year history.

Doris is a visionary business leader with an unwavering passion for innovation and commitment to sustainability. For more than a decade, she has been the driving force behind GlobalWafers’ meteoric rise, overseeing a series of successful M&As that transformed the company’s product portfolio and expanded operations into Europe. In 2015, Doris took GlobalWafers public with a highly successful IPO, and today it is the world’s third-largest wafer manufacturer. She has continuously created value and sustainable growth for shareholders while always staying true to her core values of putting people first while leading with honesty, integrity, enthusiasm and hard work.

Carmine Di Sibio, EY Global Chairman and CEO, said: “We are in a moment where purpose-driven entrepreneurs are leading the charge in taking on global challenges and this year’s World Entrepreneur Of The Year winner, Doris Hsu, is the complete embodiment of that. Doris’ vision and drive not only built an industry-leading company that has created thousands of jobs and helped generate significant local and global economic impact, but her passion for building a better working world is really what this event is all about. Congratulations to Doris on being named this year’s world winner.”

Doris Hsu, Chairperson and CEO of GlobalWafers, said: “I am honored to receive this prestigious distinction as EY World Entrepreneur Of The Year. We as entrepreneurs often find ourselves on the front lines of addressing so many of today’s most pressing issues, from building towards a more sustainable future to ensuring social wellbeing in the areas of greatest need. I hope that I can continue the legacy of this great award by driving conversations about these challenges, helping to come up with big new ideas and bringing in new voices along the way. There is an underrepresentation of female leaders, especially in the high-tech [semiconductor] industry, and this shows that regardless of gender, anyone can succeed. I’m so proud of my amazing team at GlobalWafers and grateful to all those who have helped and inspired me throughout this journey.”

The EY organization hosts the annual World Entrepreneur of the Year event to celebrate the accomplishments of visionary leaders who are transforming industries, growing the economy and answering the call to address global challenges. The annual gathering brings together founders, CEOs and business leaders for a series of networking opportunities and workshops, culminating with the winning announcement.

The EY World Entrepreneur of the Year 2023 was chosen by an independent panel of judges against four criteria: entrepreneurial spirit, purpose, growth and impact. This year’s panel included a diverse and esteemed group of entrepreneurs from all over the world, chaired by Hernan Kazah, Co-founder and Managing Partner, Kaszek Ventures.

About EY

EY exists to build a better working world, helping to create long-term value for clients, people and society and build trust in the capital markets. Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate. Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via ey.com/privacy. EY member firms do not practice law where prohibited by local laws. For more information about our organization, please visit ey.com.

Courtesy of EYGM Limited, EY Organization

5 Reasons Why Entrepreneurship Is Important at an Early Age

Here are five reasons why young people should become entrepreneurs.

Today’s world is evolving at a rapid pace, and advances in innovation are occurring in many fields. In this ever-changing climate, we must teach our children essential entrepreneurial or problem-solving abilities early in life to stay on track with their chosen job routes.

Entrepreneurship not only fosters clever mindsets but also enhances personal skills, inventiveness, and, of course, financial gain. Entrepreneurship education is gaining traction in schools as a means of influencing job prospects and economic growth. As a result, the development of an entrepreneurial attitude in children and adolescents has become critical and vital.

We live in a world where information and skills must be constantly updated. To deal with future issues, one must be able to modify the necessary skill sets to deal with the complexities and challenges of future workplaces. One must be well-equipped with the abilities necessary to manoeuvre through difficult scenarios.

These abilities are taught through entrepreneurial courses or entrepreneurial skills. It gives you the capacity to solve issues, think creatively, take chances, and propose innovative solutions.

We should teach our children entrepreneurial skills at an early age for the following reasons:

1. ENCOURAGE CREATIVITY

Creativity is crucial and engaged in many types of activities, including entrepreneurship. Entrepreneurs need it to make business breakthroughs, increase business efficiency, and much more. Parents might use this opportunity to adopt entrepreneurial activities that will help their children’s inventiveness.

2. INTERPERSONAL SKILLS

Communication has always been one of the most crucial soft skills, and it is much more vital in today’s business environment. Your activities or connections with others are just as significant as having a degree. Instilling these talents in children at an early age will benefit them for the rest of their lives. As they develop in their business journey, children are forced to deal with various individuals. This connection and collaboration with people from a variety of backgrounds teach children vital interpersonal skills.

3. EDUCATING ABOUT FINANCIAL LITERACY

Children’s lives are already oriented towards money-based activities, particularly when it comes to going shopping with their parents. As parents, we must pay attention to this issue because it will influence our child’s future spending habits. One has no idea what one’s children could try to buy with their money. Is it for the better or for the worse? That is why one must plan ahead of time for one’s children’s financial education.

4. THE SIGNIFICANCE OF TIME MANAGEMENT

The success of an entrepreneur is dependent on meeting stringent deadlines and working on time. As a result, emphasising the value of time is critical. As parents, one may set small tasks for their children with time constraints and reward them for completing them on time.

5. THE VALUE OF PLAN B

Mentoring children through the ups and downs of life is an important element of their development. Whatever the scenario, one must support them through successes and failures, and provide them with a Plan B in case they fail.

Entrepreneurship is a way of life that we must instil in our children. An entrepreneurial mindset is not limited to a certain group of individuals; anybody with it may profit in some manner. Furthermore, the future workforce is a compelling incentive for us to begin preparing our children today. It is also one of the few topics that contribute to a student’s total growth, and the current generation requires it more than any prior generation. Whatever your children become, they will require entrepreneurial skills to succeed. So, give them a head start and teach them about it from an early age.

Courtesy of India Today, Education Desk

HBR: 5 Ways to Future-Proof Your Career in the Age of AI

In this HBR article from Dorie Clark and Tomas Chamorro-Premuzic, we learn about five concepts for future-proofing your career. Each of the authors’ suggestions offers a quick and useful way to think about this new technology while also seamlessly aligning with entrepreneurial thinking. Connecting with real-world people to learn their needs, constantly learning, and being reliable are all keys to remaining impactful in the world of work

Since last fall, artificial intelligence — in particular ChatGPT and its recently unveiled successor, GPT-4 — has taken center stage in conversations about the future of business, work, and learning. ChatGPT became the fastest-growing consumer application in history — outpacing Instagram and even TikTok — and Google lost $100 billion in market cap after a botched AI product demonstration raised questions about its ability to compete.

The stakes are high, not just for companies, but also for individuals hoping to navigate potentially massive implications for their own careers. For years, pundits have assured us that the key to surviving AI disruption was leaning into creativity and other (theoretically) unique human skill sets. But the new wave of AI is rapidly demonstrating that it can do far more than crunch numbers and analyze data: It can also create professional-level art and design (see DALL-E and Midjourney, among others) and create articles and copywriting that could displace many journalists and marketers.

We believe it’s no longer useful to debate whether this tool is “smarter “or “better” than us. The tools are here, and they’re already being widely used. What matters to us — Tomas, the author of the new book I, Human: AI, Automation, and the Quest to Reclaim What Makes Us Unique, and Dorie, a consultant and keynote speaker on personal branding and career development — is how we can better ourselves by using them.

Of course, there are nearly infinite tactical applications for AI. For instance, we can speed up our productivity by using GPT-4 or other tools (such as Microsoft’s Bing, which now integrates GPT-4, or its recently launched Copilot for all things work) to assist with brainstorming, creating drafts of emails, or performing rapid and complex research.

But above and beyond specific use cases, we’re interested in exploring the question of whether there might still be strategies that professionals can deploy to generate unique value, even as AI begins to showcase its prodigious (and exponentially increasing) power. In other words, what can we do personally to stave off the displacement that may happen as a result of AI and future-proof ourselves in the age of intelligent machines? Here are five strategies we find especially critical.

Avoid predictability.

It’s important to remember that AI isn’t generating new insights; it’s a prediction engine that merely guesses the most likely next word. At the micro-level, it’s helpful: “thank” is indeed often followed by “you.” But at a macro level, its suggestions tend to homogenize, and they’re only as good as the wisdom of the crowds, which is often the exact opposite of wisdom. In the famous words of Oscar Wilde, who would probably not have been a heavy user of ChatGPT: “Everything popular is wrong.”

Hone the skills that machines strive to emulate.

There’s no question: GPT-4 has been trained to be respectful and polite (especially now that previous — ahem — vulnerabilities have come to light). Its responses display empathy (“I am sorry my answer upset you”), self-awareness (“I’m just an AI model and my answers are based on training data”), and even creativity (producing ingenious haikus about inequality, impersonating Elon Musk, and generating an infinite number of cheese jokes in multiple languages). But — to reiterate — those responses are based on text prediction, and AI is not capable of experiencing or displaying the human version of these soft skills. As Tomas has argued extensively, humans are wired to respond to genuine emotions — so actually knowing and caring about what others think and feel, truly understanding yourself, and being capable of creating something machines cannot is an essential strategy to set yourself apart in the age of AI.

5 Ways to Future-Proof Your Career in the Age of AI

Avoid predictability.

And yet, this aspect of generative AI can be a powerful tool if you use it right. For instance, if you want to understand how most people think or feel about something, including their prejudices and misconceptions, you can use GPT-4 to access this common knowledge — or ignorance. But if we simply deploy the tools without question, their algorithms and nudges may turn us into more predictable creatures who eventually all start to sound the same.

Consider that whenever we let Gmail autocomplete our searches or emails, we relinquish a bit of originality and uniqueness, turning AI’s prediction into a self-fulfilling prophecy that makes us more predictable. While GPT-4 is a powerful tool for ideation and initial drafts, if you want to stand out, you may be better served (in some cases) by doing the opposite of what it suggests, because you’ll be bucking conventional wisdom. Just as some corporations have recognized that boilerplate “corporate speak” turns off customers, we may discover the advantage of sounding like ourselves — and embracing our own personality, serendipity, and unpredictability — when everyone else is turning to AI.

Hone the skills that machines strive to emulate.

Double down on “the real world.”

GPT-4 — like AI in general — is confined to the digital world, inhabiting a virtual cage of 0s and 1s. Sadly, so are many human activities these days. But it’s essential to recognize that one thing AI can’t disrupt is our analog, in-person connections with others, so it’s important to carve out time and safeguard those. As Harvard Professor Arthur C. Brooks summarizes the research, “Technology that crowds out our real-life interaction with others will lower our well-being and thus must be managed with great care in our lives.” Artifacts of pre-pandemic life like having meals with colleagues, attending conferences, and initiating conversation with a stranger may seem less pressing now that we’ve gone so long without them. But they represent an opportunity to build connections and gain insights that simply aren’t possible through AI — and thus, they represent a unique competitive advantage we still possess.

Develop your personal brand.

AI tools have reached sufficient quality that they may well decimate the lower and middle ends of the market in many professions (for instance, copywriters and designers on freelance marketplaces, or those who work with cost-conscious customers eager to shake off expenses in favor of a free option). In some cases, AI may even match the quality with professionals at the highest echelons — but it’s almost certain those industry leaders won’t get displaced, and it’s because of the strength of their brands. Just as art-world buyers will pay exponentially more for a “real Rembrandt” rather than an equally beautiful painting by one of his lesser-known contemporaries, corporate leaders will likely continue to pay a premium to work with people viewed as the “top of their field” — partly as a statement of quality, and partly as a brand statement about whom they associate with and what they value. As one example, even the local tire shop or florist can use AI to create a logo. But only those with discernment and real money — so the thinking goes — can afford to use an elite group of agencies. The rise of AI doesn’t change the fact, crucially tied to human nature, that branding matters.

Cultivate expertise.

GPT-4 and other AI technologies are prodigious researchers that can summon a cavalcade of facts almost instantly. Unfortunately, some of those facts aren’t true — a form of the “hallucinations” that have, heretofore, plagued AI. (Indeed, one reader contacted Dorie asking where he could locate one of Dorie’s Harvard Business Review articles that ChatGPT had referenced. Unfortunately, this particular article didn’t exist.) Thus, while AI is an extraordinarily valuable tool, it can’t always be trusted to deliver accurate results — at least at this point. That’s why it’s so valuable to develop recognized expertise in your field. Even if AI performs “first draft” functions, it still has to be double-checked by a trusted and reliable source. If that’s you, you’ll continue to be sought out because you have the authority to vet AI’s responses.

Courtesy Harvard Business Review April 25,2023, Career Planning

How Should Entrepreneurs Use ChatGPT?

Whether or not entrepreneurs should use AI for their startup depends on the specific needs of the business. AI can be used to automate tasks, improve decision-making, and personalize customer experiences. Chat GPT and Google’s BARD AI that can generate text, translate languages, write different kinds of creative content, and answer your questions in an informative way.

Here are some of the benefits of using AI for a startup:

Automate tasks: AI can be used to automate tasks that are time-consuming or repetitive, such as customer service, data entry, and marketing. This can free up employees to focus on more strategic tasks.
Improve decision-making: AI can be used to analyze large amounts of data to identify trends and patterns that would be difficult to see with the naked eye. This information can be used to make better decisions about product development, marketing, and pricing.
Personalize customer experiences: AI can be used to personalize customer experiences by understanding their preferences and needs. This can be done through things like targeted marketing, personalized recommendations, and customized customer service.

However, there are also some challenges to using AI for a startup:

Cost: AI can be expensive to develop and implement.
Complexity: AI can be complex to use and manage.
Data requirements: AI requires large amounts of data to train and operate.

Overall, the decision of whether or not to use AI for a startup depends on the specific needs of the business. If the business can afford the cost and complexity of AI, and has access to the necessary data, then AI can be a valuable tool for improving efficiency, making better decisions, and personalizing customer experiences.

When a new technology breaks into the mainstream, it seems like a sudden and transformative shift. Naturally, a gold rush follows, as corporations, venture capitalists and enterprising entrepreneurs alike all scramble to invent the ideal use case, or at least the use case that can most quickly get to market and find traction. You might remember that not too long ago, an iced tea company tried to create the ideal use case for blockchain.

The rush is on with natural language generation (NLG) and the recent commercialization breakthrough heralded with ChatGPT. Believe me, everyone I know is trying to figure out how to weave the NLG into their own business model, including me. As a writer, I’ve got a bone to pick with ChatGPT. As an entrepreneur, I hold a patent for the first commercial platform to use natural language generation in a corporate environment. So I’m forced to play both sides.

Back in 2010, sports data entrepreneurs, along with a handful of young developers, built a platform and an engine to create human-sounding content out of large sets of data, mostly sports data at that time. We didn’t call what we were doing NLG because we weren’t aware of the term yet. It hadn’t even been coined. We were just trying to do better sports data. We built a company around that platform called Automated Insights, which was acquired by private equity in 2015.

In the past algorithms analyzed the data and determined what could be said and when it should be said, paying special attention to patterns, deltas, trends, and milestones. In the closed universe of sports and eventually industries like finance, marketing and even healthcare, my algorithms could produce some pretty amazing and magical content. Thanks to Robbie and the coding team, we could spit out those articles at the rate of tens of thousands per second, each one unique, each one reading like it was written by an industry professional.

¨Nothing in life is to be feared, it is only to be understood. Now is the time to understand more, so that we may fear less.¨ Marie Curie

The advances in AI tools are awe-inspiring. And if you make money online (or want to) in any niche, you need a visible online presence, automation, and streamlining. Naturally, only relying on AI tools will never do the trick. But not using them at all will leave you behind. That is why I prepared seven new AI tools to help you make a profit online. So keep reading if you want to discover how AI can help you become unstoppable in your business.

TutorAI

Online education has become more reliable and effective than any college or MBA. And it doesn´t leave you with massive debts.

TutorAI is an innovative new AI tool that personalizes learning experiences for individuals based on their unique needs and learning styles. This means that you can learn anything you want, from basic math skills to advanced programming languages, in a way that is tailored specifically to your abilities and preferences. This can help anyone learn faster and focus on the chosen topics.

ReContent

Repurposing content can be time-consuming, but ReContent will help you to streamline it. With this new AI tool, you can generate Twitter, LinkedIn, and Instagram posts based on your existing content. This means you can easily share your content on multiple platforms without manually creating individual posts for each one.

The best part? ReContent’s AI-powered editor allows you to edit the generated posts further to ensure they fit your brand voice and messaging. This gives you complete control over how your content is presented on each platform.

ReContent is a valuable tool for anyone looking to repurpose their content more efficiently. Using AI-generated posts and an interactive editor can save time and ensure your content reaches a broader audience across various social media platforms.

Public Prompts

Public Prompts website provides general tools and knowledge that anyone can access. And if you need some extra help or guidance, our PublicPrompts Discord server is the perfect resource. Here, you can connect with other like-minded individuals and get help with anything related to Stable Diffusion, from running the AI locally to training models yourself.

The creator believes everyone should have access to the tools and knowledge they need to succeed, and he is committed to making that a reality through Public Prompts.

Fathom

Fathom is a podcast player offering various features to help users discover and enjoy podcasts. One of the most impressive features is its AI-powered search function, which allows users to search for specific topics or keywords within podcast episodes. This can be particularly helpful for finding detailed information or segments within longer episodes.

Fathom also offers transcripts, chapters, clipping, and highlights to enhance your listening experience. Transcripts make it easy to follow along with the conversation and can be especially useful if you prefer reading over listening. Chapters allow users to skip ahead or return to specific points within an episode while clipping and highlighting make it easy to save and share favorite moments.

Fathom is a great option if you are looking for a comprehensive podcast player with advanced features that make discovering and enjoying podcasts easier than ever before.

Fliki

Fliki is an innovative tool that turns text into videos with AI voices in just two minutes. With Fliki, you can easily create engaging and informative videos from your scripts or blog posts using realistic voices that sound like real people.

This is especially useful for businesses and individuals who want to create video content quickly and efficiently without spending hours recording their voiceovers. Fliki makes producing high-quality videos easy and more accessible.

tl;dv

If you’re tired of manually taking notes during meetings or struggling to remember important details from your calls with customers and prospects, tl;dv may be the solution you’ve been looking for. This AI meeting assistant records your calls and provides transcriptions and summaries of the key points discussed.

This can save you time and help ensure that important information is not missed or forgotten. With tl;dv, you can focus on actively participating in the conversation rather than worrying about taking notes or missing essential details. Plus, the platform integrates with popular video conferencing tools like Zoom and Google Meet, making it easy to use in your day-to-day work.

Thundercontent

Thundercontent is a new tool that utilizes artificial intelligence to help you overcome creative blocks and generate high-quality content in just minutes. Whether you need blog posts, product descriptions, or social media captions, Thundercontent can help.

With its advanced algorithms and machine learning capabilities, it can analyze your brand’s tone and style to ensure that the content it generates is unique, accurate, and on-brand. Best of all, Thundercontent allows you to focus on other essential aspects of your business while it takes care of your content creation process.

In conclusion, the rapid advancements in AI technology have revolutionized online money-making. While some may still be skeptical or confused about the potential of AI, Marie Curie’s words remind us that understanding and embracing new technologies is critical to overcoming fear and staying ahead.

This article explores seven unstoppable AI tools essential for monetizing the internet and achieving success in any niche. Let´s recap each of them:

TutorAI– learn anything
ReContent– repurpose content
Public Prompts– prompts library
Fathom– podcast player
Fliki– turn text into videos
td;lv– AI meeting assistant
Thundercontent– create any content using AI

In today’s digital age, establishing a solid online presence is crucial, and AI tools offer assistance. These tools maximize efficiency and focus on what truly matters: growing your business.

However, it’s important to note that relying solely on AI tools is not the ultimate solution. Combining human intelligence with AI capabilities creates a harmonious blend that harnesses the best of both worlds. By leveraging AI tools strategically, you can unlock new opportunities, outperform competitors, and create a sustainable monetization strategy. AI can help find an idea for monetization. Here are some ways AI can help:

Analyze data: AI can analyze data to identify trends and patterns that can be used to develop new monetization strategies. For example, AI can be used to analyze customer data to identify which products or services are most popular, and then develop pricing strategies that target those customers.
Generate ideas: AI can also be used to generate new ideas for monetization. For example, AI can be used to brainstorm new ways to sell products or services, or to develop new ways to generate revenue from advertising.
Test ideas: AI can also be used to test new monetization ideas. For example, AI can be used to create a prototype of a new product or service, and then test it with a small group of customers to see how they react. This information can then be used to improve the product or service before it is launched to the wider market.

Overall, AI can be a valuable tool for businesses that are looking to find new ways to monetize their products or services. By analyzing data, generating ideas, and testing new ideas, AI can help businesses to identify the most effective monetization strategies for their specific needs.

Here are some examples of how AI is being used for monetization:

Netflix: Netflix uses AI to recommend movies and TV shows to its users. This helps Netflix to increase customer engagement and retention, which in turn leads to more revenue.
Spotify: Spotify uses AI to create personalized playlists for its users. This helps Spotify to keep users engaged and listening to music, which in turn leads to more revenue from advertising and subscriptions.
Amazon: Amazon uses AI to personalize product recommendations for its customers. This helps Amazon to increase customer sales and revenue.

Most marketing experts agree that creating engaging content is one of the best ways to build a following and attract customers. The challenge is that content creation takes a lot of time — in most industries, posting on social media or your blog several times per week is standard, and each piece of content generally takes anywhere from two to six hours. Unfortunately, this can pull an entrepreneur away from other critical activities involved in keeping their business operating.

ChatGPT can significantly reduce the amount of time that it takes for small business owners to generate the content they need, including articles, blog posts, video scripts and social media posts. One thing to note is that ChatGPT leverages the internet for information. You could run the risk of posting something too similar to another website, which can hurt your search engine rankings. It’s important to always add your own spin to the content. However, ChatGPT can significantly reduce the amount of time spent brainstorming ideas and creating drafts.

The future will bring many adaptions of the use of A. I. Entrepreneurship educators have begun to use ChatGPT to help students formulate questions unique to particular end users, those targeted markets that would buy the product under development. Chat might answer with a solution to a problem in everyday business that can lead to a breakthrough innovation. So, we say “yes” A. I. has its place in entrepreneurship as a tool within the evidenced-based process that can make creation so dynamic.

Contributed by Builtin.com, Medium.com writers Joe Procopio and Jerry Keszka, the editor and Nicholas Leighton of Entrepreneur.com.

The Entrepreneurial Mindset Profile (EMP)

EMP is cutting-edge tool to assess your mindset, help unlock your entrepreneurial potential.

The Entrepreneurial Mindset Profile® (EMP) was developed by the Leadership Development Institute (LDI) at Eckerd College. It is a is a cutting-edge assessment tool that examines the skills and capabilities that are needed for this new way of operating. The EMP helps corporate leaders, students and entrepreneurs assess the degree to which they are utilizing an “entrepreneurial mindset” and provides resources to leverage that competitive edge.

Developed from extensive research into the traits, motivations and skills of entrepreneurs, the EMP is based not on theory or conjecture, but on hard data about the factors that actually distinguish entrepreneurs from non-entrepreneurs. The instrument shows solid evidence of reliability and validity.

In today’s complex business environment, organizations need to make profound shifts in order to stay competitive. Those who want to make a mark on the world need to ask themselves some tough questions. Are you fully leveraging your unique strengths and talents in a way that enhances your chances for professional success? What should you be doing to help your teams and organizations grow and stay ahead of the competition?Are you balancing risk and reward—and strategy and execution—in pursuit of high-potential opportunities?

Having this “entrepreneurial mindset” is essential to sustaining growth and innovation. The Entrepreneurial Mindset Profile® (EMP) is a cutting-edge assessment tool that examines the skills and capabilities that are needed for this new way of operating. The EMP helps corporate leaders, students and entrepreneurs assess the degree to which they are utilizing an “entrepreneurial mindset” and provides resources to leverage that competitive edge.

The ability to generate multiple and novel ideas, and to find multiple approaches for achieving goal. A preference for tasks and situations with little formal structure. An important question to ask of any assessment tool is the “So what?” What do these results tell me? How should I interpret them? How can I benefit from this information? Can I use this information to make me more effective?

Fortunately, with the EMP, these questions can be answered. When an individual or team takes the EMP, not only do they receive a thorough Feedback Report, but they also get a 67-page Development Guide containing the following sections – Interpretive material, suggestions for development, and recommended readings on each of the 14 scales; current books and websites on topics related to entrepreneurial mindset; effective action planning tips and, guidelines for continuous improvement.

This practical and user-friendly resource helps participants synthesize their results and generate a plan to leverage existing strengths and/or enhance skill sets. If extended development is desired, personalized feedback sessions and ongoing coaching are available through the LDI. One of its major uses is to pinpoint strengths and weaknesses in entrepreneurial profiles so that instructors and coaches can focus on areas of improvement or for emphasis.

Dr. Frank Hamilton, an Entrepreneurship professor at Eckerd College, employs the EMP in his classroom to cultivate student mindsets. Here is an interview with Frank explaining the nuances: https://www.emindsetprofile.com/blog/2022/03/16/cultivating-an-entrepreneurial-mindset/.

For more information about this widely used tool, see https://www.emindsetprofile.com/about/.

Written by editor who is an Eckerd graduate and a certified EMP facilitator.

GPT Labor Market Impact

Special Small Business Seminar May 17th at State College of Florida

In the fairly new State College of Florida Bradenton Campus incubator, the 26 West Center, on Wed., May 17th at 4:30 PM a panel of experts will provide tips and answer questions for small business owners about growing their businesses. For those not on the Florida Gulf Coast able to attend in-person, the event will be recorded and available on this blog as well as the training site, opportunityeri.com/resources afterwards. Please feel free to attend in-person and, if not possible, schedule a viewing of the recording. Those experts above, Dr. Bruce Teague, chair of the Florida Gulf Coast University entrepreneurship dept., Dr. Andy Gold, Vice-President of NACCE.com, the National Association for Community College Entrepreneurship, RADM Paul Solh, CEO of the Florida High Tech Corridor, and Dennis Zink, former Chair of the award-winning Manasota SCORE chapter will provide recommendations and then answer all questions about specific situations among those in attendance. As host, I will give a short overview of two small business growth methods…use of the BMC (business model canvas) Plus and the new Don Miller book, “How to Grow Your Small Business” airplane model.

The information is particularly useful to successful startups into their second stage growth. How do they take their unique product or service and grow it by increasing sales or developing a new product -market fit related. Such knowledge is in demand and the reason this seminar with its expert panel put together. Don Miller is a best selling author whose earlier business books include “Business Made Simple” and “Building a Stored Brand”. The concept of using the BMC together with a worksheet of individual component tasks listed by priority and deadline came out of the SCORE chapter in San Luis Obispo CA.

We appreciate corresponding organizations to this blog passing on the information about the in-person date and time as well as the two sites that will then have a link to the recording afterwards. Editor.

Best Advice from CEEC Below.

There was electricity coming out of the California Entrepreneurship Educators Conference last week at the San Diego State University Lavin Center. Many senior entrepreneurship faculty spoke an an array of topics, each special in their own way. Your editor’s favorite was a Q and A session between retiring Alex DeNoble, Ph.D chair of the Aztec program and his long-time collaborator, Brian Dovey, a venture capitalist.

Left Brian Dovery, Alex DeNoble

Brian Dovey is Co-Dean of the Kauffman Fellows Program and has been a Partner of Domain Associates since 1988. Since joining Domain, he has served as Chairman of Athena Neurosciences, Creative BioMolecules, and Univax Biologics and on the Board of Directors of some 30+ additional companies. He served as Co-Dean of the Kauffman Fellows Program and has been a Partner of Domain Associates since 1988. Prior to Domain, Mr. Dovey spent six years at Rorer Group (now Sanofi Aventis as a result of subsequent mergers). As President of Rorer from 1986 to 1988, he was the primary architect of this Fortune 500 company’s strategic shift to pharmaceuticals that resulted in a doubling of annual sales to approximately $1 billion.

Mr. Dovey has served as both President and Chairman of the National Venture Capital Association. He is Chair of the Wistar Institute, a leader in preclinical bio-medical research in the non-profit sector. He is Trustee Emeritus of Germantown Academy and a former Trustee of the University of Pennsylvania School of Nursing.

Having made his connection, we posed this question, “What is your advice for motivating students to desire a startup? His answer is based on hundreds of startups and worth noting -“Don’t struggle waiting for the perfect idea. 5 guys is an “average” idea and Zappos a “bad” idea but we’ll executed. So go for it. Second don’t be afraid of failure. VCs and most employers like to see some blooded people. A bad project doesn’t mean a bad person.”

5 AI Tools for Making $1,000 a Day

Now AI can write content, generate photos, Creating Websites, or even create videos to using this feature people monetize AI-generated photos, videos, and articles and make money

So, let’s see which tools you can use to make money.

1. JasperAI

JasperAI is an AI tool that allows you to create high-quality content quickly and easily. With JasperAI, you can generate articles, blog posts, and other written content in just a few minutes. The tool uses advanced natural language processing algorithms to ensure that the content is relevant and engaging to your audience.

One of the great things about JasperAI is that it is incredibly user-friendly. The interface is intuitive and easy to use, even if you have no experience with AI or content creation. You simply enter a topic or keyword, and the tool will generate a complete article or blog post for you.

Overall, JasperAI is a powerful tool that can help you create high-quality content quickly and easily. Whether you’re looking to generate articles, blog posts, or other written content, JasperAI is an excellent choice.

To make money, you can start selling writing services on a freelancing platform like Fiverr, Upwork, Freelancer, and other platforms. Create a gig and start selling services.

on fiverr lot of people doing this to make money.

You can also start your blog using Jasper. It generates SEO-friendly and plagiarism-free content that is not detected by AI detectors.

ChatGpt is dectected by AI but jasper is safe because it is specially designed for bloggers and marketers.

Additionally, you can write books using Jasper and, after writing the book, publish it on Amazon KDP and promote it all over the world.

Amazon promotes your book and you can get sales from amazon and your book will publish worldwide.

https://youtu.be/snADOpP1Kr0

2.PictoryAI

Using Pictory, you can start your own YouTube channel without needing to hire a video editor or scriptwriter. All you need is Jasper AI and pictory.ai to create and publish your videos on YouTube.

You can start multiple YouTube channels and automate them using AI tools.

To make a video, simply go to Jasper AI or ChatGPT and paste your idea, then ask for a YouTube script. It will start generating your script.

After that, copy the script and go to pictory.ai. Click on “Text-Video,” paste the script and title, then click “Proceed.” You can choose any template you want and click on the YouTube icon, then click “Proceed.”

It will generate a YouTube video with voice, captions, stock footage, and transitions. You can then see the dashboard for editing the video as you want. After the process is done, you can export the video to your PC and publish it on YouTube.

Get a free Trial For pictory.ai

3. Notion AI

Notion is a platform for productivity and management that is launching its own AI system. This AI system will be useful for individuals looking to write or take notes, as well as for productivity. Similar to ChatGPT, you can write what you want, and the AI produces content in words. Every solopreneur or entrepreneur could benefit from this tool for managing their work or life.

One way to make money with Notion is by creating and selling templates on platforms like Gumroad or Etsy. For example, Pascio, who has 63k followers on Twitter, creates templates on Notion and sells them as a one-person business.

Notion is a platform for productivity and management. It works as your productivity scheduler, note-taking app, habit tracker, and more.

Notion is launching their AI system, which I think will be very useful for someone who wants to write something or take notes on something, as well as for productivity.

You can use it in the same way as ChatGPT: you write what you want, and the AI produces content in words.

I think every solopreneur or entrepreneur needs this tool for managing their work or life.

You can make money using Notion. People are selling Notion templates on the internet. You can learn Notion and create templates on Notion to sell on Gumroad or Etsy.

4. Postwise.AI

PostwiseAI is a powerful tool for Twitter automation and growth. With Postwise.AI, you can easily generate viral threads and schedule them to go live at the optimal time for your audience. This tool is incredibly user-friendly and intuitive, even if you have no experience with social media marketing or automation.

One of the great things about Postwise.AI is that it can help you grow your audience quickly and easily. By creating viral threads and scheduling them to go live at the best time for your audience, you can attract new followers and engage with your existing ones. This can lead to increased visibility for your brand and more opportunities for sales and growth.

For making money, you can use this tool as a social media manager for Twitter. Many people are looking for managers to handle their Twitter accounts, and you can become a manager and start using this tool. You can work more efficiently in less time and also attract more clients.

The second way to make money is by starting affiliate marketing on Twitter. Twitter has experienced significant growth and has the potential for your content to go viral at any time, making it an ideal platform to reach a targeted audience. To get started, you can create multiple Twitter profiles and use a content creation tool like Postwise to create compelling content. Then, you can schedule your posts and create a landing page to collect emails. Once you have built up an email list, you can send promotional emails to sell affiliate products.

5. Midjorney

Users can provide input to the AI system by feeding it with specific parameters or data, such as colors, shapes, or themes. The GAN then generates an image based on these inputs, creating something that has never existed before.

The images produced by Midjorney’s AI system can be incredibly complex and detailed, ranging from abstract shapes and patterns to realistic portraits and landscapes. Users can also provide feedback to the system, which helps it to improve and create even better images in the future.

This server provides a platform for artists, designers, and other creatives to explore the possibilities of AI-generated art. It is also an exciting way for people to see the potential of AI technology and how it can be used to create new and innovative works of art.

Overall, Midjorney Discord server is an excellent platform for anyone interested in AI-generated art and the creative possibilities of this technology.

How you can make money from it?

While it is technically possible to generate images using AI and sell them as posters, it is important to note that the intellectual property rights of the images need to be considered. If the AI-generated images were created using pre-existing artwork or images, it may be necessary to obtain permission or a license to use them for commercial purposes. However, if the AI-generated images are completely original, then there may be no issue with selling them as posters or other merchandise.

If you do decide to go ahead with selling posters, one option is to register your store on a platform like Etsy, which is an online marketplace that specializes in handmade, vintage, and unique items. You can create a store and list your AI-generated posters for sale, along with any other products you may want to offer.

To create the posters, you can use a high-quality image printing service that specializes in large-format prints. Many online print-on-demand services like Printful, Gooten, or Printify allow you to create and print your designs onto posters, which you can then sell in your Etsy store. You can also look into local printing services in your area, but it’s important to compare prices and quality to ensure you’re getting the best deal.

To expand your business further, you can also consider selling your AI-generated designs on other products like stickers, t-shirts, cups, and other merchandise. You can use the same approach of registering your store on Etsy and using print-on-demand services to create and sell these products.

For example, to create stickers, you can generate cute and unique designs using AI and then use a print-on-demand service like Printify or Printful to create and ship the stickers directly to your customers. You can also create designs for other products like t-shirts, mugs, or phone cases and use these print-on-demand services to create and ship the products to your customers.

Overall, starting a business using AI-generated designs requires creativity, an understanding of the printing process, and a willingness to learn and adapt to the constantly evolving e-commerce landscape. With the right approach, it can be a rewarding and profitable venture.

Courtesy of Media Medium by Rohit Shinde, April 9, 2023