Technology Trends Impacting Today’s CFO(Content Princess – SEO)

As the CFO, your chief concern is the financial health of the business you work with. To remain competitive, you must also be aware of the latest trends in your sector. However, CFO’s may not have the time to maintain a competitive edge in both finance and technology.

This is where the division of labour is relevant. Division of labour is a concept first proposed by Adam Smith in his book “Wealth of Nations” in 1776. The concept of division of labour is centralised on the principle that by dividing tasks into their parts, and subsequently allocating a reduced variety of tasks to individual workers – but a greater volume of these individual tasks – that the speed at which any single process is performed is increased. Thus, the per-worker productivity of each employee is increased.

How does this relate to Systems, applications and products (SAP)? Artificial intelligence (AI) is a strong area of growth in the technological realm. By utilising automated systems for identification of potential problems as well as providing actionable insights, any CFO has a powerful tool for streamlining processes and gaining an edge over competitors.

There is a range of artificial intelligence systems available for customization and application to business processes, allowing human resources to be redirected into more skill-intensive areas. Many people distrust AI due to an inability to understand how they operate. However, the algorithms which AI relies on are significantly more reliable for routine tasks than the humans who make calculations the old-fashioned way.

Since AI is very likely to be here to stay, it follows that people who have a vested interest in such technologies will probably have an important contribution to make to the algorithms which AI relies on. By engaging workers’ perspectives with the development of these algorithms, the usefulness of AI in business can be improved. This will create a more inclusive atmosphere to the field of computer science and by extension, demystify a lot of the misconceptions many people have about it.

What are we to say about the problem of “Robots taking over worker’s jobs”? It is a valid concern that by increasing automation, we are creating a situation whereby people are being made redundant. However, it is not all bad news. As more robots take over the jobs which workers used to do, humans are freed up to pursue those actions which they find more enjoyable.

For example, one could envisage a future where a Father has more time to spend with his children due to the automation of tasks which he used to perform routinely. This is not to say that there will be no place for work in the future: instead, it means that workers can commit to the process of using their creative and imaginative abilities rather than feeling trapped in a job which involves long hours of routine and monotonous tasks which a machine could perform.

If machines perform the routine jobs which workers once did, what of the people who are made redundant? The answer to this lies in the notion that whilst a machine can perform millions of calculations per second, it cannot carry out the task of navigating its environment nearly as well as a human can. And there are countless examples of where people perform a job better than machines.

So, where we previously thought that machines were superior to humans, instead it seems to be the case that by using machines to perform the monotonous jobs that workers used to do, we are freeing up human resources to work on those other jobs which require a more adaptable kind of intelligence. It is important to remember that being competitive does not mean doing what everyone else is doing, but instead making the best use of the tools available.

While a human cannot calculate Pi to a thousand decimal places quickly, a machine can. On the other hand, while a computer cannot perform what is to a human a fairly straightforward task: such as maintaining a natural conversation, many people can do this with ease.

Since the explosion of the internet, almost all people in developed countries have access to a computer. While not everyone is inclined to jump into piles of computer code, there are still significant contributions to be made to algorithms by those workers whose jobs have been largely automated through AI, via, paradoxically, the face-to-face conversations which humans are so much better at.

Keywords

Technology CFO, Finance Technology, Modern CFO skills & competencies, Artificial Intelligence, Financial Health, Division of labor, Automation, Human Resources, Systems applications and products, Productivity

 

Facebooktwittergoogle_plusredditpinterestlinkedintumblrmailFacebooktwittergoogle_plusredditpinterestlinkedintumblrmail

Technology Trends Impacting Today’s CFO(Content Princess – SEO)

If you are a CFO (Chief Financial Officer), you may not be asking for change and disruption.  However, you need to be prepared for technology to play a significant role in the growing expectations of the job.  Surveys have indicated that executives feel better about finance when they can provide real – time data and consistently – updated predictions.  Cloud, In – Memory Computing, Big Data, Mobile and other technologies can make life easier for CFOs.  The Cloud ERP is a proven technology which is assisting big business to operate more successfully.

Technology Trends to Watch Out for in 2017

The Services Economy Will Be “The Economy” – In 2017 more than half of all businesses will be structured around services – connected revenues.  CFOs will become more occupied with customer approval, retention and rekindling.

Approximately 90% of companies will acquire more than half their profits from services.

CFOs Get Hands – On with Customer Involvement – Businesses are moving from product and solitary transaction sales to service and subscription models.  CFOs will be forced out of the back office and into ongoing customer – facing roles.  Successful software companies must provide tools that:

  • Merge billing sources.
  • Sustain and automate new revenue models.
  • Give end – to – end discernibility across the customer lifecycle.

Revenue Recognition Will Propel CFO Technology Implementation – CFOs will become more dependent on cloud technology to follow revenue recognition standards.  The IFRS15 and ASC606 standards will motivate the next move of technology improvements and encourage more businesses to move to the cloud.

Clever Assistants Move Out of the Echo Chamber – Strong artificial intelligence and voice recognition enable developers to develop systems that:

  • Test the position of project deliverables.
  • Manage reports.
  • Use simple voice commands to respond to business information.

Atlassian released a HipChat Alexa integration to allow developers to revert to code and tackle issues with websites using voice commands.

Evolution from Reactive to Proactive with the Cloud

Cloud ERP (Enterprise Resource Planning) assists companies to consume a computer source such as a virtual machine just like electricity. This negates the necessity of building and maintaining computing bases in – house.

The advantages of single based business platforms are:

  • Affordable and quick to implement.
  • Easy to manage and operate.
  • Sales scales to sustain future growth.
  • Adjustment to the firm needs
  • Data – rich with inbuilt business intelligence.
  • Provision of a united view for total visibility across the firm.

Cloud ERP provides a high return on investment. In a 2015 study, most companies reported an ROI of more than 150% after changing to the cloud which continues to mature.

Business in 2017 will go through significant changes, and CFOs who adapt will reap the rewards.  In – Memory Technology combines real – time actuals with budgeting and analysis in one integrated system.  Financial data is saved just once which makes almost every facet of commercial operations simpler, faster, more effective and cheaper. You will certainly experience the impact of technology trends which will make your job more enjoyable and improve the overall business prospects.

 

Primary Keyword – CFO

Secondary Keywords– Technology Trends, Cloud, Technology, In Memory Technology, Revenue Recognition, Businesses, Services Economy, Technology Implementation, Echo Chamber.

Facebooktwittergoogle_plusredditpinterestlinkedintumblrmailFacebooktwittergoogle_plusredditpinterestlinkedintumblrmail

5 EGYPT BASED STARTUPS TO WATCH OUT FOR IN 2017(Content Princess)

Among the most developing countries in Africa is Egypt and it is revolutionising the modern world symmetrically like the other top countries. It is developing into a powerhouse from the recent conferences and summits held in the aim of boosting entrepreneurship in the nation. There has been a haze recently caused by the latest startup scenes in the kind of development experienced. Below are some of the recent startups that are causing a haze and considered as the next big things in the country:-

  1. TA2HEAL

It is one of the recently developed online services that were created to provide assistance to parents that have children with a known diagnosis of autism. It is sad to note that despite the high number of individuals, not only children, with autism, there is still a notable lack of sufficient or reliable services. In case there were services provided, they were highly overpriced. Despite this, there were also a high number of fraud cases forwarded in the case of child diagnosis and training.

To curb these problems, Ta2heal was developed to extinguish the deficiency regarding online services offered and also improve the physical ground services provided to the patients. A unique feature that comes with Ta2heal is the Patient Trainer feature where quite some parents and guardians can be sufficiently educated on the necessary required needs and services to help their children adapt and tutor the latter on the required essential skills under a rigorously implemented curriculum.

  1. FIXAWY

The challenge of locating and getting reliable communication to experienced personnel is a worldwide problem. It is quite difficult to select the best of the best out of the rest, but through the recent developments, they have been able to create a channel where customers can pre-assess professionals in the field. The newly developed fixawy is a unique feature destined to help us out, though currently, it is still under development. It can be accessed in Cairo and Alexandria.

Despite being a new development in this sector, it currently boasts of over 100 personnel and over 5000 recent users that have benefited from this service. Noting its importance it acquired a second place in the recent Rise up Microsoft Egypt Startup.

  1. PRECOGS

It is a recent development in Mansoura that comprises of a conglomeration of specialised engineers who have skills in solving technical problems; they are four to be precise. A recently developed invention is the Beacon application that is set to revolutionize emergency calls. It can access your contacts and is equipped with the unique ability to send notifications to the specified individuals at any instance of an emergency alert. All these discussed processes are done with ease since it is through the press of a single button.

  1. HELM

It is a unique organisation that is run by the sole aim to aid disabled individuals and is also keen to provide or increase job opportunities for people who have a recorded case of disability. It is conducted through their organisational activities like offering companies to develop a productive but still diverse base of employees. In addition to this, it also provides career counselling services to individuals.

This organisation will be a great boost considering the number of citizens living with disabilities which are on the rise every year. The initiative is considered as a productive task since they help the disabled people attain their desired potentials.

  1. RAKNA

Due to the high levels of civilisation and industrialisation, population growth has both positive and negative side effects. Regarding negative, we can mention the high number of automobiles recorded in Egypt especially in the capital, Cairo, where the population is growing every year. Due to the increasing number of automobiles, it has become a hectic process when it comes to the locating of a reliable parking spot. This is even more difficult when in a hurry or wanting to access a facility nearby.

Ahmed Zaki and Omar Radi are the sole developers of the Egypt-based valet parking system that was developed with the sole aim to curb this problem. Locating a reliable and safe parking has never been this easy, and it is with the help of RAKNA application. All one has to do, is request for a valet and they hand over their car to be parked safely. To ensure the security of their automobile, the users are provided with the full relevant information concerning the hired valet, and if that is not enough, the customer can easily request back their cars.

CONCLUSION

Despite the many upcoming startups, some of them have shown a tremendous growth rate and are being developed even further. These startups are being developed with time depending on the needs of the next generation, and in 2017 the mentioned startups are surely destined to grow further from the developments being made.

Facebooktwittergoogle_plusredditpinterestlinkedintumblrmailFacebooktwittergoogle_plusredditpinterestlinkedintumblrmail

5 Egypt-Based Startups To Look Out For In 2017(Content Princess)

With 2017 well and truly underway, the time has come for us to look at some of the up and coming startups that the commencing year has to offer. With entrepreneurship and the startup scene becoming more and more popular in Egypt, the country is beginning to produce some of the most promising startups of 2017 – so much so that it will soon be able to rival any country across the globe.

So without further ado, here are five of the most promising Egyptian startups that are set to embark on their journey in 2017:

  1. TA2HEAL – This startup offers an incredible online service which was created to help parents of children with autism. Their aim is to aid in the field, seeing as there are around 60,000 children who suffer from autism, are incredibly underfunded and have a worrying lack of services dedicated to their cause. TA2HEAL looks to change that fact, offering affordable and wholeheartedly helpful services to parents of those who suffer from autism, through services like online training and on-ground activities.
  2. FIXAWY This is almost like an online comparison site for independent handymen and home care specialists. FIXAWY is the solution to all of our problems! Ever get tired of scrolling through hours and hours of Google ads and independent pages trying to find the right guy for the job? Well with FIXAWY, that is no longer necessary. There website hosts a whopping 100+ handymen who specialise in all sorts of tricks and trades, making it far easier for customers to compare skills and prices in a singular, easy-to-navigate space.
  3. HELM Helm is a non-profit organisation that specifically focuses on and offers employment opportunities to those suffering from disabilities. They create opportunities and openings through a variety of initiatives and programs, one of which focuses on assisting companies and helping them to take on a not only productive but also largely diverse workforce. Essentially, helping businesses and companies to develop their facilities and teach them how to cater those with disabilities, which will allow them to open the door to them.
  4. RAKNA A company providing a clever little service in a country which is often burdened by a lack of parking spaces, especially in its busier areas such as Alexandria and Cairo. Customers simply request their car to be picked up at a specific time and location, and a Rakna employee will come and collect it, take it back to a Rakna-approved location and then return their car to the same location at the specified time when the customer wishes to leave.
  5. VDITORY – A startup which provides the visually-impaired with an amazing device which can provide them with synthetic sight. The device can read text, recognise the faces of people that the wearer meets and can even describe the views and scenery outside. The company intends to bring sight to, or at least simulate it for, as many people as they possibly can.

So there you have it, the top five Egyptian startups to look out for in 2017! These are some of the most promising and innovative startups that will be gracing the technological world in 2017, so make sure to keep your eyes peeled to watch over their undoubtedly rocketing success.

 

Facebooktwittergoogle_plusredditpinterestlinkedintumblrmailFacebooktwittergoogle_plusredditpinterestlinkedintumblrmail

Egyptian Startups are Disrupting the Traditional Economy(Content Princess)

Anyone who has travelled in Egypt is well aware of the problems that drivers face each time they get behind the wheel. One company is trying to alleviate some of the traffic congestion by inviting commuters and drivers to share the ride. The new mobile app is called Raye7 and is a carpooling app that is different in the respect that it focuses on the driver to invite the traveller to join them in the vehicle. This app won the second prize in a competition in Barcelona and is sure to beat the Cairo traffic.     

Fashion Week in New York City is not a match to the newcomers in the fashion business in Egypt. Many new and upcoming designers are partnering with technology firms to provide top fashion in an online format.  Of particular interest in the haute couture fashion arena is Nesma Helmy.  This young designer creates evening and bridal gowns along with a ready to wear component and her clothing line is affordable. If the fashion industry is going to change, Nesma Helmy has a great start in doing this with her startup of haute couture at an affordable price. Since most shoppers are women, this start-up proves to be very promising.

Fashion and traffic apps are just two of the innovations that are appearing on the Egyptian tech and entrepreneurial scene which is being helped by the many innovation centres that are beginning to fill the lives of so many 30 to 40’s in Egypt.  One of the promising incubator labs is at the American University in Cairo. They hosted a contest in January, and the winner was a technology company called, Ta2heal. This online service is needed as it uses technology to marry parents with autistic children or otherwise slow developing children to solutions for care. The service helps to suggest caregivers, specialists and many other helps for parents who are trying to navigate a terribly complicated space. A disruption in the current process is highly desirable, and as winners of the incubator award, Ta2heal has a good start on becoming a much sought after and highly successful venture.

If you are looking for love, the tech scene might be your first choice as Nahdet el Mahrousa offers the first incubator in the early stage of innovative social enterprises in the Middle East. One of the features of their service which is unique and exciting is that they offer to train social entrepreneurs with a focus on economic development. This service promises to activate and engage the young Egyptians to become social entrepreneurs and to design a workable social business plan.  A complete formalised curriculum is available to guide the young users through this process, and measuring sticks are available to assess the success of the program.

This year proves to be huge in the area of disruption to the Egyptian and Middle East standard of life. There are many companies ready to lead this avant-garde movement, and the number will only keep growing. Advancements in services, technology and retail will be on the forefront very soon as they are starting to become available.

Facebooktwittergoogle_plusredditpinterestlinkedintumblrmailFacebooktwittergoogle_plusredditpinterestlinkedintumblrmail

Why good WiFi is just the beginning (Content Strategi – SEO)

Wi-Fi is now expected to be ubiquitous with IoT devices everywhere. Travellers expect seamless integration and connectivity for their typical tasks such as checking email, taking work-related video calls, logging onto social media and so on.

The importance of Wi-Fi for your guests

Mobile professionals are actively counting on Internet connectivity for their everyday needs.  Studies by Roomzzz indicate that nearly 67% of hotel guests attempt to connect to Wi-Fi within 7 minutes of arrival. Nearly 33% of the hotel guests ask for Wi-Fi passwords during check-in, and 25% of the guests ignore the TV and focus on connecting to Wi-Fi as soon as they enter their rooms.

Wi-Fi has surpassed being an amenity and turned into a necessity and integral part of life. More than 66% of US travellers place Wi-Fi as their deciding factor when it comes to choosing accommodations.

Quality of your Wi-Fi influences guest’s choices

The iPass Mobile Professional report of 2016 indicates that 72% of people choose hotels based on their Wi-Fi experience.

Good Wi-Fi leads to better guest experiences and better reviews. And reviews impact revenue, especially since 81% of the travellers find hotel reviews important when choosing their accommodation.

Secure, stable and speedy Wi-Fi – A fundamental requisite

Wi-Fi is now emerging as the centre of a new ecosystem. It has become an indispensable component of innovative applications such as facial recognition apps for keyless entry, robotic bellhops [Yotel – New York City], and mobile mission control systems [Mood Pads] to control guest services like room service, housekeeping, room temperature [Peninsula hotel group, CitizenM] and more.

Endless Possibilities

This is just the beginning of visionary applications that will make a guest’s experience exceptional.

From a management perspective, effective Wi-Fi helps develop a leaner and more efficient way to manage the hotel.

How Qlicket can help you

JD Power’s “2016 North America hotel guest satisfaction index study”, shows that despite the increased demand for Internet access across all hotels, almost 31% of hotel guests experience Internet issues.

Qlicket can help solve such concerns and facilitate a consistent Wi-Fi service for your guests.

Qlicket is an enhanced Wi-Fi system that finds your dead spots, sets up access points and ensures uninterrupted connectivity for your guests. We have 99.9% uptime with complete bandwidth management and 24/7 customer support.

We also have free on-site evaluations and a 30-day trial with no contracts or lock-ins. More importantly, we hold a 100% retention rate of our US clients.

Talk to our consultants today to see how we can get you more out of your Wi-Fi with features like instant guest feedback, management dashboards and more.

Make your guests brand loyal with a Superior Guest Wi-Fi experience from Qlicket.

 

Keywords: Qlicket, superior guest Wi-Fi, importance of Wi-Fi, hotel guest connect to Wi-Fi, Wi-Fi amenity, secure stable Wi-Fi, uninterrupted connectivity, better guest experience, enhanced Wi-Fi

References:

  1. “Hotel Wi-Fi more important than breakfast and parking for US guests”PJ Cunningham [Lonely Planet]
  2. “Wi-Fi trends: What to expect in the next five years” – Robert Brown[CIO Review]
  • “Rules for successful hotel Wi-Fi” – Keith R. Parsons [WirelessLAN Professionals]
  1. “Study reveals the importance of Wi-Fi” – Casey Gale [Lodging]
  2. “Even the super rich want free Wi-Fi in Hotels” – Justin Bachman [Bloomberg Pursuits]
  3. “Exceeding Customer Expectations: The Importance of Wireless and the Wi-Fi Password” –Hospitality [Samsung Insights]
  • “Hotel Guest Satisfaction Plateaus as “Perks” Become Standard Expectations, J.D. Power Study Finds” – D. Power
  • “What’s More Important than Sex, Chocolate or Alcohol? Wi-Fi, According to a New iPass Report” – iPass Inc.
  1. “Internet Travel & Hotel Booking Statistics” – Statistic Brain
  2. “Check into the futuristic hotels that push technology beyond free Wi-Fi” – Les Shu [Digital Trends]
  3. “The citizenM room has affordable luxury coming out of its ears” – Citizen M
Facebooktwittergoogle_plusredditpinterestlinkedintumblrmailFacebooktwittergoogle_plusredditpinterestlinkedintumblrmail

Wi-Fi THE NEW CENTER OF HOSPITALITY (Content Princess – SEO)

In a competitive business market, everyone wants to make a difference and offering free Wi-Fi is the latest trend.

Why offer free Wi-Fi?

Recently, the Wi-Fi revolution has taken the world by a storm, unlike the past few years. Today, restaurants of all types offer complimentary Wi-Fi to their patrons. It doesn’t have to be a restaurant alone but any industry.

The fundamental idea is understanding the benefits of offering the services. Providing a fast and reliable internet connection would be more advisable due to its advantages.

What are the benefits of free Wi-Fi to the customers?

Is there any real evidence of the advantages? Here is the answer. Here are some of the advantages;

  1. Security to the customers
  2. Nurtures community development
  3. Makes waiting time seem short

 Security to the customers

Room key cards have been replaced by facial recognition applications, therefore, increasing confidence among the customers. This has been made possible by fast internet connection.

Nurtures community developments

Free Wi-Fi access not only gives individual customers an excuse to stay around for your business but also provides reasons for groups to gather there and do something beneficial. The different groups might gather or frequently come into your store to have a free Wi-Fi access.

Makes wait time seem short

At a business where customers must wait for services, free Wi-Fi helps time fly. When clients are using Wi-Fi, they are less likely to be disappointed by time consumption in case a delay occurs.

Benefits of free Wi-Fi to businesses

Free Wi-Fi is certainly an added advantage to venue owners to attract new customers. Here are some advantages to the site owners;

  1. Email marketing.
  2. Promotion analysis.
  3. Increased spending.

Email marketing

Many companies specialise in offering free Wi-Fi through custom portals which provide their guests promotional information in exchange for their email address. The service does not only get you a new chance to promote your industry but offers the opportunity to send exclusive promotion code. You can also wish them happy holidays and simply thank them.

Promotion analysis

If there are no increased total receipts at your company, then you need to do something. Tracking your customers could be the only solution. When a promotion is done, more customers tend to come in, and this helps to identify whether there is progress in the total number of its clients.

Increased spending

When customers spend more time accessing Wi-Fi, the more is their spending. Research shows that clients spend 50% more time and some of them even said that it increased their spending.

Conclusion

A fast internet connection that is brought about by free Wi-Fi access does not only bring about the benefits to both the customers and the business but also helps in the management of the company. There are a lot of advantages in offering this kind of service and the probability of thrilling in your business is huge.

According to this article, some words may be of a guest author. The ISL keywords used are,

  1. Fast internet connections.
  2. Email marketing.
  3. Wi-Fi access.
  4. Reliability.
  5. Availability.
  6. Research.
  7. Customers.
  8. Benefits.
  9. Offerings.
  10. Promotion.
Facebooktwittergoogle_plusredditpinterestlinkedintumblrmailFacebooktwittergoogle_plusredditpinterestlinkedintumblrmail

Corporate Accelerators – Just How Effective Are They? (Content Princess – SEO)

First of all, let’s start out with what a corporate accelerator is. A corporate accelerator is a specific type of seed accelerator that is typically sponsored by a profit-centred corporate organisation. In the same way that seed accelerators do, corporate accelerators support startup companies while they struggle through their early stages. They often offer mentorship, capital and office space, to assist the startup companies during their launch period.

However, in contrast to the more regularly acquired programs, corporate accelerators usually derive their objectives from the organisation that they are sponsoring. Objectives which can include the desire to establish a funnel for venture capital investing or the wish to remain close to some emerging trends.

So, in short, a corporate accelerator is a tool which is supplied by large corporations and is utilised by smaller, startup companies who wish to grow their company at a faster rate than would be otherwise possible. Through the discovery of new technologies which can help to bring newer initiatives to the market at a much quicker rate.

So How Effective Are Corporate Accelerators?

The answer is very if they are dealt the right cards and choose to play them wisely.

One of the major turn-offs for newly-founded companies when coming across corporate accelerators is the investment side of things. The last thing that a new company wants to do is spend money straight away. Their attention is more centred around building a clientele and creating a unique product with excellent selling points. They’re already spending enough money on these things, so the idea of spending more makes them uneasy.

Though providers of corporate accelerators are aware of this side and have their ways around it, they offer startups a deal that they can’t refuse. Putting across terms that provide a win-win situation for both the involved parties. They make sure that the new business is aware that a corporate accelerator will not only lead to more depth in the market but will also help them accomplish the things that they wish to accomplish faster – things like building a clientele and driving traffic to their site.

Some corporates even offer free versions of their accelerator program by ensuring that startups are aware that no equity is taken from them at any stage, which is sure to rid of the fear of spending money and investing too much.

As well as being largely customer friendly, corporate accelerators are an immensely effective way of getting a startup off the ground. Many corporate’s motives for starting up an accelerator program is more often than not to do with staying relevant. Thus meaning that if the colossal scale corporation that is providing your accelerator manages to stay relevant, then your startup will have an increased chance of becoming relevant too – simply because of the sheer scale of the provider of the accelerator program.

So, all in all, corporate accelerators are an exceptionally good means for startup companies to get their feet off the ground. They are in a lot of cases free through free programs (and if you consider the profits made from such a small investment) and are also a much less stressful way of expanding a business in those rough, early stages. Thus making corporate accelerators highly effective in today’s market.

LSI Keywords:

Startup

Accelerators

Seeds

Corporation

Seed accelerator

Traffic

Program

Growth

Investment

Venture capital

Organisation

Sponsor

Facebooktwittergoogle_plusredditpinterestlinkedintumblrmailFacebooktwittergoogle_plusredditpinterestlinkedintumblrmail

Who Does the Corporate Accelerator Benefit Most? (Content Princess – SEO)

For the past few years corporate accelerators have been viewed as a way to help young entrepreneurs get their start in the corporate world, and for many, this is just what they did. However, along with helping the young start-up, the corporations found that they would benefit from time, money, and effort that were expended on these young people.  As expected, the corporations found that the accelerator brought forth a group of highly trained and disciplined work force that could add to the corporate ranks. Needless to say, corporations jumped on this idea and benefitted from the corporate accelerators.

An accelerator program often has a rental or lease component with it for the startup to enjoy space to perfect the company. However, when the leases were looked at realistically, these offered little to help the start up and much to help the corporation hosting the startup. For example, in New York, the average cost of low rent corporate space is about $12 per square foot. However under the guise of a corporate accelerator the contracted lease space rents to the start up for around $27 per square foot for a three to five-year lease.

The ability of the startup to receive and accept bids is often tied to the corporation also in that the bids must be reviewed by a governing body and of course cannot be a competitor of the corporate accelerator. Therefore this ensures that the corporate accelerator will have the first and foremost products of the startup and it will never reach the market for a competitor to benefit. If the startup is successful in obtaining a contract, the corporate host tends to benefit anywhere from 5% of the revenue to well over 25%.

It is necessary for the startup to weigh the benefits versus the cost of a corporate accelerator program. Obviously, the corporation is in it to make money but there are some gains that can be made for the startup that might not be had on their own. One great advantage is the networking and exposure that the corporate accelerator offers to the startup. Being able to be a part of the mix and day to day activities surrounding a thriving business offers the entrepreneurs a chance to mix and hone business social skills while learning from the best in the business.

Another advantage is that the young entrepreneurs are often offered positions in the corporation. While this might mean leaving the startup the opportunity with the corporation might be substantial enough to warrant this move. Often the startup is not going to be successful, so the opportunity to receive gainful employment is attractive.

So to answer the question asked in the title as to who benefits in an accelerator, the conclusion is that both sides benefit. Each side must know what the obligations are and by going into an accelerator program with eyes wide open, each side is positioned to benefit from the arrangement.

Facebooktwittergoogle_plusredditpinterestlinkedintumblrmailFacebooktwittergoogle_plusredditpinterestlinkedintumblrmail

“Green” is Attractive for Young Lawyers (Content Strategi – SEO)

The energy and environment offer new challenges for lawyers and the courts as many current statuses are not appropriate for the standards and legal issues that are raised by this ever-evolving commerce sector. The “green sector”, as the energy and environment are sometimes referred to, are most attractive to young lawyers as the advancements in this area are easily understood by the fresh minds of the young lawyers.  This sector does not disappoint recent graduates as it offers a significant number of placements and opportunities.

Sustainability is another word for opportunity in the energy sector as green jobs are a growing sector of the economy as many laws are passed to prohibit builders and commercial companies from using environment harming materials in their buildings and pursuit of commerce. Since most of the population is in favour of protecting the environment as best we can for the future, a large section of consumer protection and other issues dealing with the preservation of the environment have opened the ranks of jobs for lawyers.

Since sustainability is important for the future, it involves the production of the materials that are used for building materials. The area of law gets involved with the growing and manufacturing sectors as well as the commercial sector. Therefore the flow of work for lawyers is a wide and far reaching field. The world in which the environmentalists and the commercial efforts work in unison is not yet reached in this century. The future holds promise, though.

Project development in the gas and electric sector is a specific area that has kept many lawyers employed in India.  Depending on the location of the practice many lawyers in India have clients involved in the building of roads and especially ports in cities where they are accessible for trade. Depending on the size of the firm the amount of business that can be handled expeditiously in the business many times determines the opportunity available to the lawyers. All will have some sustainability or clean environment issue on the table.

The average lawyer involved with the pipeline most likely received a salary that is slightly above average.  For other lawyers in the clean energy and sustainability sector, the pay varies quite substantially.  Based on the report in NaukriHub (http://www.naukrihub.com/salary-in-india/lawyer.html), the salary range is from INR 19,50,000 to INR 1,76,874. The differential is the size of the firm. Most firms specialise so the clean energy sector would have large, medium, and small firms with the representative salary.  For young lawyers fresh out of law school the amount will vary again depending on the size of the firm. Clean energy and sustainability firms are attractive to young lawyers because of the futuristic nature of the cases as well as the attractive salary that can be obtained at a large firm. 

LSI:  lawyers, green, sustainability, energy, environment

Facebooktwittergoogle_plusredditpinterestlinkedintumblrmailFacebooktwittergoogle_plusredditpinterestlinkedintumblrmail