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arrows June 16, 2017
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Every change initiative is unique, but the truths about making change succeed are, by and large, the same. Here I’ve collected 10 truths about change management. Think of them like tools in a toolbox -- you need to have them close at hand, you need to know how to use them and you need to determine the right time to pull them out and put them to work. That’s the change agent’s primary job. (Entrepreneur)
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Father's Day remains a pale imitation of an actual holiday. I think the country agrees with me. Americans spent $14.3 billion on Father's Day last year, about a third less than what they chipped in for Mother's Day, according to the National Retail Federation. Only 53% gave a gift to a dad or stepdad, compared to 64% who bought flowers for mom. (Money)
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So, you’ve got your start-up off the ground and the first couple of months have gone well. Congrats, the easy bit is done and you can now look forward to one of the most challenging, and rewarding, experiences of your life. One of the biggest challenges founders face is raising finance. Not all great ideas will get funded and more surprisingly, a lot of bad ideas just may. (Business.com)
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Robert Smith has had quite a journey from hounding Bell Labs for an internship as an East High School junior to founding a private equity firm that has earned him $2.5 billion, making him the second wealthiest African American behind Oprah Winfrey, by Forbes’ accounting. He was back in his hometown Friday, giving a convocation speech to graduate students at the University of Denver, where his father earned bachelor’s, master’s and doctorate degrees. (The Denver Post)
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Career
While being a team player is critical, it’s also necessary to look out for yourself. After all, if you aren’t your own biggest advocate, odds are that no one else will be–even if they’re rooting for you all the way. But the good news is, you don’t have to choose between helping out your colleagues and advancing your own career. (Fast Company)
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With an increasingly competitive job market, job seekers can become desperate for a job offer; the pressure is even worse for the unemployed penny-pinchers. The job search desperation is understood by many, but there are at least four ways the wrong company can hurt your career. (Business.com)
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To dazzle your boss, align with colleagues, and be primed for success, there are not only some quick wins to achieve in the first 30 days, but there are also some definite no-nos. Listen, learn, and lean in are the must-dos. Alienating, assuming, and acting aloof are behaviors that will tarnish your reputation before you’ve even had a chance to make it to your first performance review. (Fast Company)
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Northwestern Mutual
Diversity in the Workplace
From breaking glass ceilings for women in technology to launching a second career as a social entrepreneur, Pat Nathan has made it her life’s mission to create opportunities for women. We spoke with her to learn more about what drives and inspires her success and why paying it forward is so valuable to her. And it all began with an open door. (Forbes)
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Diversity is not just a buzzword -- it could boost your bottom line. The numbers are clear; firms with a more diverse workforce see better financial results. Female executives from Facebook, SoulCycle, Audi and AFI Fest, whose experience spans running film festivals to multinational corporations, gathered at the 2017 Forbes Women’s Summit on Tuesday to share their views on training and retaining talent from all walks of life. (Forbes)
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Some 175 companies are joining forces in an effort to advance diversity and inclusion in the workplace. The new CEO-lead alliance, called CEO Action for Diversity & Inclusion commitment, has three goals — to encourage conversations about diversity and inclusion, implement and expand unconscious bias education, and share diversity strategies — to help employers create better workplaces for millions of their employees. (Benefit News)
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NBMBAA
Join us in Philadelphia this September for the nation's premier diversity career, education and networking event. Register now for the 2017 Annual Conference and Expo, presented by NBMBAA and Prospanica, and take advantage of early pricing discounts and best hotel locations.
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TIAA-CREF
Technology
There is a lot of black tech entrepreneur buzz and innovation happening not just in Silicon Valley’s ecosystem but outside the United States. There is a ton of noise coming out of the African continent, but what about other largely populated black epicenters? Herein lies the Haiti Tech Summit. This summit is taking over the Caribbean and bringing major power players along the way. (Black Enterprise)
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Let’s face it: It can be overwhelming to keep up with new digital-marketing strategies, social media, drip campaigns and all the other emerging opportunities in the world of marketing technology. There's so much to choose from, it now has its own blended term -- martech. (Entrepreneur)
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The backup feature will roll out on June 28 in the form of a new app called Backup and Sync, which kind of sounds like a job description for J. Lo's backup band. Instead of requiring files be moved to Google Drive, users can simply point on, say, their entire music collection folder to back it up, the Verge reports. (Fast Company)
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Entrepreneurship
For decades, entrepreneurship has been disproportionately concentrated in populations of white men. According to the most recent Census data, released in September 2016, at the end of 2014 there were 5.4 million businesses, and only 17.5% of them qualified as minority-owned—even though African-American, Latino, Asian, and other minority populations represent more than 38% of our country. Women-owned businesses accounted for 19.4% of all businesses—even though women make up just over half of the country. (Forbes)
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The Economy
Treasury Secretary Steven Mnuchin wants Congress to expand his powers, giving him more influence over the Trump administration's efforts to loosen regulations governing Wall Street and other financial institutions. (CNN Money)
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The Fed said inflation likely will fall well short of its 2 percent target this year. The post-meeting statement said inflation "has declined recently" even as household spending has "picked up in recent months." Still, the Fed reiterated its federal funds rate forecast on Wednesday, saying it still expects its benchmark rate to reach 1.4 percent by the end of 2017. (CNBC)
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Personal Finance
f you're planning on house hunting this weekend, you might want to do a little math first. Owning a home used to be a great way to build wealth, but that equation is turning. It may, in fact, be more lucrative to invest your money elsewhere. (CNBC)
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The Federal Reserve raised short-term interest rates another quarter percentage point Wednesday. No surprise there. If only you could talk the central bank into a game of high-stakes, no-limit hold ’em. The Fed doesn’t have a poker face — and that’s the way it’s supposed to be. (USA TODAY)
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