Sultan Alhokair is a young, Boston-based financial analyst with Retail Group of America who has particular ideas about how start-up companies should operate and plan for the future. According to him, such businesses should first evaluate where they want to be in five years. This will help set them up for success so that they can clearly understand what they need to do in order to become a thriving company. Bloomberg recently reported that Alhokair feels businesses should also scope out the competition. There will always be a rival company, so knowing who they are, how to differentiate one’s business from the competition, and how to compete with them effectively is also important. Another crucial step in the business process is creating a unique product or service. Sultan Alhokair recently told mashable that believes one needs to be different than any other company around so customers will want to use the product or service, rather than that of a competitor. Therefore, businesses need to be created to be unique from the beginning.
Sultan Alkohair, who is also an angel investor with Valia Investments, provides advice for what small start-ups should do to attract angel investors. One important quality such investors look for is a strong profitability plan. This not only means having a solid business plan but also a good overall scheme to make money so that investors can get a return on their money. Additionally, there needs to be an exit strategy. What if the business simply does not work out? Then investors like Sultan Alhokair would want to re-coup their initial seed money. Start-up businesses need to take this into consideration so that investors will know they ultimately will not be losing money in the venture. Start ups should also be very frugal with the funds they do receive. The start-up should function to do as much as possible with as little money as possible. This can guard against sizable losses from investors. It also demonstrates good business sense.
It is said that most businesses fail within five years. Although start-ups may be difficult to create and make profitable, getting sound financial advice from business people like Sultan Alhokair, may make the road to success easier. Follow Alhokair on Facebook or Twitter.
There is one demographic trend in the U.S., Canada and other developed countries, and that is the reality of an aging population. There have been breakthroughs in treatments of various forms of cancer over the years, and people who get cancer generally have a better chance of survival today than at any time in the past. That said, the number of cases of cancer is actually expected to go up over the next couple decades as the average age of many country’s populations increases.
The Canadian Cancer Society has issued a warning that their nation’s capacity to treat those afflicted with this disease has to be boosted to meet increasing demand for cancer-related health services. Canada is considered to have one of the better health systems in the world, but the aging population of so many nations will tax even the best such systems. Canada is predicting a 40 percent rise in new cases in just the next 15 years. Aging populations are not only testing the limits of health care delivery in many countries but also retirement or other government programs for the elderly. In the United States, there are many worried about the future solvency of programs such as Medicare and Social Security. Sam Tabar heard through the NewsVine that the government budgetary pressures caused by more people retired and dependent on the system and fewer young people working and paying into the system is an issue nearly all countries will have to face.
The US Supreme Court today ruled against Cisco Systems, the largest maker of computer network technology in the world.
In the $64 million patent case, the tech company claimed that it acted in “good faith” when they copied and marketed a wireless connections system.
A jury ruled in favor of Commil USA LLC, in April 2011, and in 2013, an appeals court decided to give Cisco the benefit of the doubt, and decided on a retrial. The case went to the Supreme Court.
According to Jim Dondero, The Supreme Court rejected arguments by the San Jose (California) company, and they were twice declared guilty by two lower court judges of violating patent law. However, in June 2013, an appeals court ruled that Cisco should be allowed to show that its business had always been guided by “good faith.”
According to Cisco Systems, they believed that the patent of Commil USA LLC was “invalid,” and based on that, produced similar systems.