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Adapt Your C-Suite for the Digital Era In 3 Steps

March
16, 2021

5 min read

Opinions expressed by Entrepreneur contributors are their own.

In 2012, a joint research team from Columbia University, MIT and Harvard released a paper titled, “Who Lives in the C-Suite?” In the paper, authors came across the statistic that the average number of managers reporting directly to a CEO had doubled in a roughly 20-year span. Though this paper was released nine years ago, the findings are still extremely relevant. A CEO who had five managers reporting on company-wide activities in the 1980s had 10 by the 2000s, with most of them running their own department and reporting on a specific aspect of the business. Business strategies were changing as companies began crossing the threshold into the digital era, and organizational strategies followed suit. The increase in information technology came with a surge in functional managers as opposed to general managers. On the surface, this seems like a beneficial development, and there certainly are advantages to vertically stratifying operations. However — and this is a big however — it also comes with challenges. Analysis, reporting and decision-making are necessarily collaborative, rather than independent processes. Silos become not just counterproductive, but vectors for critical failure.Here’s the rub: These complex problems can’t simply be solved, as the pace at which technology influences human resources strategy is only accelerating. And while businesses try to figure out how to manage these challenges, the challenges themselves are only getting bigger. Here’s how you can adapt your organization to the digital age:Visualize the changePrior to the changes brought by the digital age, most businesses communicated through a system of aqueduct-like channels through which information flowed. With the advent of modern IT — and subsequently, the internet of things — these channels became information networks. Now businesseses cross-communicate in dozens of directions all at once, similar to the sturcture of the human brain. In the digital age, data and knowledge don’t just go up and down — they go throughout. To accommodate the change, companies have shifted their expectations of executives and consequently who gets hired in the first place. Businesses now prefer digital fluency and teamwork combined with basic business fundamentals over extensive experience and deep domain expertise.Related: How Fighting A War Against A Virus Is Helping Create A New Role In The C-SuiteIdentify the weaknessIf you think the change has been easy, simple and ubiquitous, you’d be wrong. Consider a 2018 Deloitte study in which 73 percent of survey respondents said that executives in their organization didn’t regularly collaborate. However, 85 percent of respondents in the same study preferred a team-based, multidisciplinary approach at the executive level — a concept the authors dubbed “a symphonic C-suite.” Leaders in business obviously see digitization and social enterprise as a way of tackling the era’s biggest challenges, but they are largely still struggling with the execution. Put simply, there’s a gap between what companies are striving for and what they’re achieving. Implement the ideaThe good news? Change is possible. My own company has expanded the C-suite from a traditional structure to now include a chief productivity officer, chief software architect and chief customer officer. But rather than create silos based on our functional domains, we’ve instituted semiweekly executive committee meetings. When we meet, we scrutinize and discuss all strategic and operational issues. Everyone has a voice and is expected to challenge one another, whether the issue falls within their functional expertise or not. If this format sounds uncomfortable, that’s because it is. Nobody wants their expertise challenged by someone who has little experience within the domain being discussed. But the insights and challenges from this multifaceted team have often led to better — or at least more well-thought out — decisions. We’ve achieved significantly better communication throughout the organization because the entire C-suite is not only informed about what we’re doing, but why we’ve chosen a specific approach. This has brought a shared commitment to the overall business outcomes we are seeking, such as revenue and profit.Related: A Successful CEO Does 3 ThingsThe bright sideFor companies who learn to manage these complexities effectively, the benefits are massive. The same Deloitte study pointed out that companies whose executives collaborate frequently — whose C-symphony is serious about rehearsal, you might say — are 33 percent more likely to experience substantial growth than their more siloed counterparts. For executives thinking about adapting their C-suite to the digital age, this is the bottom line: digital systems and C-suite changes are big issues to tackle, but worth tackling nonetheless. Because where there is challenge, there is also opportunity to connect more closely with markets, customers and employees. In other words, everything a company wants.Related: Leadership Is Like Engineering: You Need to Start with Why

Stronger Together: 5 Reasons Women in Ecommerce Should Seek Each Other Out

Data shows there are real advantages to finding a like-minded community.

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March
16, 2021

5 min read

Opinions expressed by Entrepreneur contributors are their own.

Women entrepreneurs are making their mark in the business world by taking on new challenges daily and are finding great success. According to nonprofit organization Catalyst, women hold only 6 percent of CEO positions in the S&P 500. That percentage jumps considerably when you look at ecommerce, as Amazon data company Jungle Scout reports 32 percent of sellers are women. But even this statistic reveals a gender gap in the business.Women have obstacles that differ from their male counterparts when running an ecommerce business. And finding the right support is often the key factor one needs to reach success. As you develop your ecommerce business, you’ll inevitably need support and expert mentorship in a nurturing environment. Having a group dedicated to women in ecommerce is the perfect place to start your journey to success.Here are the top five reasons why women in ecommerce can benefit from like-minded entrepreneurs:1. They understand youNothing compares to the support you receive from someone who truly understands where you’re coming from. Networking in an environment geared towards women means your peers have the tips and tricks to lead your ecommerce business. It also gives you acces to people who understand what it means to balance work and life responsibilities. They know what it’s like to juggle inventory control, product development and staff meetings along with sick kids and a never-ending pile of laundry.An environment dedicated to women in ecommerce provides the opportunity to interact with like-minded women who share similar challenges. Whether you need to vent about running out of inventory to a missed recital, they can relate and are able to offer advice that applies to your unique situation.Related: 4 Pillars of the New ecommerce Frontier Entrepreneurs Need to Embrace2. Your network and net worth will growAccording to a LinkedIn survey, 80 percent of entrepreneurs know that networking is key to career success. Investing and cultivating your connections should have equal precedence to the investment you make in your business. By building your community around other women, you can unlock the hidden power of wealth through shared strategies, tools and hidden secrets. This network can be the most important asset in your business portfolio, and will allow your business to thrive.3. You find a mentor that aligns with youMentors help us overcome roadblocks both mentally and professionally by guiding us in our decision-making process. They are the ones who have already hurdled the obstacles we may have, and they have the skills and strategies to help us overcome them. Great business mentors can cost thousands upon thousands of dollars, which most ecommerce entrepreneurs can’t afford.Finding a mentor who not only aligns with your vision, but also understands your individual business model can be difficult. Joining an entrepreneurial group of women will give you access to mentors at a fraction of the cost. Those mentors will help you stay accountable take your business to the next level.Related: 4 Benefits of Finding a Mentor4. You have a go-to soundboardPerhaps you’re launching a new product or brand and you need to hear what others think. Maybe you’ve hit a roadblock and don’t know which direction to take. What better way to bring your goals to fruition than by having your own soundboard for ideas? A group of dedicated, successful women may just be the catapult you need to launch your next project.Getting honest feedback from women who know how to build success in today’s online world will give you confidence while increasing revenue potential. Who knows — one conversation can lead to millions in the bank.5. You can find and share your powerAccording to a Deloitte report, women have only 12 percent of chairs in the boardroom. You can imagine how this environment deters women away from helping one another in the corporate world.But as a woman in ecommerce, you are your own boardroom. You don’t have to feel like there is a limited amount of chairs available or that another woman will take your chair. Instead, you can grow your business exponentially by surrounding yourself with women who are experts in their fields, are true leaders, and who showcase their power daily. There is no fight for a seat at the table because you are handpicking your board members. This allows you to grow in skill and confidence without any barriers. Even if you want to build your business alone, you can always benefit from the support of like-minded individuals. Collaborating with other women will teach you the hidden rules to ecommerce and empower you to help other women too. The more relationships you nurture and cultivate in business, the more opportunities you’ll have. Make sure you’re hanging out with the right crowd, because your success depends on it. Related: Women Entrepreneurs Underestimate Themselves: What We Can Do About It

Entrepreneur Franchise of the Day: AKT Franchise

WHAT’S UP WITH AKT?

Developed by Celebrity Trainer Anna Kaiser, AKT is a unique dance-based cardio workout, with new original programming created every 3 weeks by Anna Kaiser. It is a combination of toning, interval, circuit and dance-based workouts Fueled by positivity and a belief that movement has a powerful, lasting impact, AKT is for all body types and fitness levels. It is a unique combination of dance-based cardio, toning, interval and circuit training. With this positivity and a combination of personal training and movement-based technique, AKT empowers members to become stronger in their bodies, minds and communities — and they have fun doing it!
 

 

WHY OWN AN AKT?

 

FIRST MOVER ADVANTAGE

With a proven concept in one of the most competitive markets, AKT has extensive market potential – be the first to bring AKT’s unique workout to your local market!

EXTENSIVE SUPPORT

We believe extensive training drives your success – from lease negotiation to build out, recruitment to finance, and sales & marketing to sustainable business, you’ll be supported every step of the way!

EXECUTIVE MODEL

Our franchise model provides a completely scalable business, allowing you to determine your own success. Leverage development costs and national vendor relationships to launch your studio successfully.

INVESTMENT

Enjoy a low-cost entry, a recurring revenue model, truly exceptional EBITDA margins and the confidence in our team that has more than 25 years of experience in fitness franchising.

OUR VALUES SPEAK DIRECTLY TO YOUR JOURNEY WITH AKT

 

COMMUNITY

Build a community well beyond your studio walls.

ENERGY

Bring new life and a thrilling new workout to your community.

JOY

Experience the joy of owning your own business.

STRENGTH

Create strength in your portfolio with our proven model and extensive support from a team with 25 years of fitness franchising experience.

MOVEMENT

With new material created by Anna Kaiser herself every 3 weeks, enjoy the expert instruction our members thrive with.

 
MY MISSION HAS ALWAYS BEEN TO BRING A NEW MODEL FOR FITNESS TO A WIDER AUDIENCE. I TRULY BELIEVE OUR CLASSES PROVIDE THE BEST OF FITNESS TODAY IN A FUN AND SUPPORTIVE ATMOSPHERE AND HELPS OUR MEMBERS SEE THE RESULTS THEY NEVER THOUGHT POSSIBLE. I AM BEYOND EXCITED TO EXPAND AKT AND SHARE THIS INCREDIBLE WORKOUT WITH THE WORLD!”

– Anna Kaiser, Founder & Celebrity Trainer

3 Ways to Prime Your Small Business for Growth Copy

Reading Time: 2 minsThe key to progress is preparation. If you want to run a marathon, you have to train for it. In the same way, if you want to build a successful business, you have to plan for growth right from the start. Otherwise, you could miss out on big opportunities to advance your company and establish yourself in an industry. The good news is that it’s possible to chart a course for your small company that accounts for growth potential right now. Here are three ways you can prime your small business for growth that you’ll want to keep in mind at all times:

Prioritize Education
Not only should business leaders seek to expand their own skill set and knowledge base, but they should also make it a priority to educate their staff as well. Training your employees will help them take on new tasks, grow into larger roles, and allow your company to transition into new markets seamlessly. On the other hand, the cost of not training employees is quite steep, and not doing so could prevent you from growing your company as you envision.

Create a Strong Digital Foundation
Digital marketing and advertising efforts can take a long time to produce meaningful returns. As such, forward-thinking business leaders would do well to develop a strong digital foundation for their small business ASAP. Improving your site’s SEO, launching features like an online shop, and reaching out to new leads on social media are all tactics that can produce serious results down the line –– even if you don’t see big changes at first. By doing this work now, though, you’ll position your business to expand in the long run.

Retain a Customer Base
Yes, customer acquisition is obviously necessary to grow a business. However, without a strong ability to retain a current customer base, no business will be able to scale up in a sustainable fashion. It simply costs too much to replace reliable consumers on a consistent basis. So small businesses must go above and beyond to deliver positive outcomes for their most loyal customers. (Which is why customer service and product implementation are so vital.) These consumers won’t just keep your business going, they can also actively bolster it by writing positive reviews and sharing your message with others.

Conclusion
Business growth requires hard work, patience, and –– of course –– a little bit of luck. Thankfully, if you focus on the areas outlined above, you’ll have everything in place when it’s time to scale up your business.

Escape the “Shecession” and Start a Business

The impact of COVID-19 on American businesses has been significant, but women have been affected more than most. According to the Institute for Women’s Policy Research, at the end of 2020, women’s jobs on non-farm payrolls were 5.3 million below February’s pre-COVID levels, compared with 4.57 million fewer non-farm payroll jobs for men.This trend has been labeled a “shecession,” and, even as the economy seems to be heating up, no one really knows how long it will last. One way for women to grab economic control of their lives back is to start a business. When I graduated from law school, I realized I couldn’t earn the money I wanted to pursuing a career working for someone else. So, I decided to start my own business. Escape the ShecessionIf becoming an entrepreneur is something you’ve considered, here are some tried and true startup tips: Startup is Not Without Risks. In general, many women shy away from starting a business because they’re risk-averse and fear failure. Truthfully, you could fail. But you also could succeed—but you’ll never know unless you actually get started. I have succeeded in business—and I have failed. I know I will fail again. But I also know I will succeed again. And I will never stop trying.Follow Your Passion. Starting a business consumes a lot of time and energy. Doing something you love makes it easier to commit that much of yourself. Of course, passion will only take you so far. There has to be a demand or need for your idea. And you don’t have to reinvent the wheel. Sometimes, adding your own spin to an existing idea is enough to launch you on the path to success.Tell Everyone You Know. Since you’ll be spending a lot of time on your startup, it’s important you let your family and friends know so that they can be there for you. You should also make sure everyone in your extended network knows what you’re doing. You never know who you know that may have a connection to someone who can help you. Make sure to reach out to people in your chosen industry and others with relevant business experience, such as bankers or accountants.  Bootstrap. Business startup can be expensive. The less you spend upfront, the better you can conserve your cash flow. Here are some bootstrapping tips that can help you save money from the beginning:There are many businesses you can start that have low startup costs. Want to be a retailer? Start online. E-commerce businesses are the fastest-growing part of the retail industry. Start at home. Many businesses today operate from home, and technology makes it easier than ever to run a virtual company. Spend wisely. Don’t buy new equipment unless you absolutely must. There are plenty of places where you can purchase used equipment and save a lot of money.If you still have a job, consider starting part-time while hanging on to your job Don’t be in a rush to hire employees. If you need help, consider using freelancers or independent contractors. Get Help and Find a Mentor. There is a lot of support for startups today. You can get free advice from Women’s Economic Ventures, SCORE, and your local Small Business Development Center (SBDC). Your local community college may offer low-cost classes where you can take some courses in general entrepreneurship or bone up on marketing, management, or general accounting practices.You can also join a women’s organization where you can connect with other women business owners. Don’t give up. Success doesn’t happen overnight. You have to be persistent and patient. Yes, there will be bumps in the road. But stay focused, and chances are you can navigate through them. Stay positive. I have two mantras I live by. 1—Do what it takes to achieve your vision and goals2—Make time, show up, and act…no excuses.Despite the economic uncertainty, this is an excellent time to start a business and escape the shecession.  Image: Depositphotos

5 Reasons to Make Machine Learning Work for Your Business

March
16, 2021

5 min read

Opinions expressed by Entrepreneur contributors are their own.

Demand for machine learning is skyrocketing. This growth is driven not only by “middle adopters” recognizing the vast potential of machine learning after watching early adopters benefit from its use, but by steady improvements in machine-learning technology itself. It may be too early to say with certainty that machine learning develops according to a predictable framework like Moore’s Law, the famous precept about computing power that has borne out for nearly 50 years and only recently began to show signs of strain. But the industry is clearly on a fast track.As machine-learning algorithms grow smarter and more organizations come around to the idea of integrating this powerful technology into their processes, it’s high time your enterprise thought about putting machine learning to work, too.First, consider the benefits and costs. It’s quite likely that your business could leverage at least one of these five reasons to employ machine learning, whether it’s taming apparently infinite amounts of unstructured data or finally personalizing your marketing campaigns.Related: Machine Learning and Artificial Intelligence to Revolutionize the World of Art and Creativity1. Taming vast unstructured data with limited resourcesOne of the best-known use cases for machine learning is processing data sets too large for traditional data crunching methods to handle. This is increasingly important as data becomes easier to generate, collect and access, especially for smaller B2C enterprises that often deal with more transaction and customer data than they can manage with limited resources.How you use machine learning to process and “tame” your data will depend on what you hope to get from that data. Do you want help making more informed product development decisions? To better market to your customers? To acquire new customers? To analyze internal processes that could be improved? Machine learning can help with all these problems and more.2. Automating routine tasks The original promise of machine learning was efficiency. Even as its uses have expanded beyond mere automation, this remains a core function and one of the most commercially viable use cases. Using machine learning to automate routine tasks, save time and manage resources more effectively has a very attractive paid of side effects for enterprises that do it effectively: reducing expenses and boosting net income.The list of tasks that machine learning can automate is long. As with data processing, how you use machine learning for process automation will depend on which functions exert the greatest drag on your time and resources.Need ideas? Machine learning has shown encouraging real-world outcomes when used to automate data classification, report generation, IT threat monitoring, loss and fraud prevention and internal auditing. But the possibilities are truly endless.3. Improving marketing personalization and efficiencyMachine learning is a powerful force multiplier in marketing campaigns, enabling virtually endless messaging and buyer-profile permutations, unlocking the gate to fully personalized marketing without demanding an army of copywriters or publicity agents.What’s especially encouraging for smaller businesses without much marketing expertise is that machine learning’s potential is baked into the top everyday digital-advertising platforms, namely Facebook and Google. You don’t have to train your own algorithms to use this technology in your next microtargeting campaign.4. Addressing business trends Machine learning has also proven its worth in detecting trends in large data sets. These trends are often too subtle for humans to tease out, or perhaps the data sets are simply too large for “dumb” programs to process effectively.Whatever the reason for machine learning’s success in this space, the potential benefits are clear as day. For example, many small and midsize enterprises use machine learning technology to predict and reduce customer churn, looking for signs that customers are considering competitors and trigger retention processes with higher probabilities of success.Elsewhere, companies of all sizes are getting more comfortable integrating machine learning into their hiring processes. By reinforcing existing biases in human-led hiring and promotion, earlier-generation algorithms did more harm than good, but newer models are able to counteract implicit bias and increase the chances of equitable outcomes.5. Accelerating research cyclesA machine-learning algorithm unleashed in an R&D department is like an army of super-smart lab assistants. As more and more enterprises discover just what machine learning is capable of in and out of the lab, they’re feeling more confident about using it to eliminate some of the frustrating trial-and-error that lengthens research cycles and increases development costs. Machine learning won’t replace R&D experts anytime soon, but it does appear to empower them to use their time more effectively. More and better innovations could result.Related: Develop a Basic Understanding of Machine Learning With These CoursesIf the experience of competitor businesses that have already deployed machine learning to great effect is any guide for your own experience, the answer to this question is a resounding yes.The more interesting question is how you choose to make machine learning work for your businesses. This prompts another question, around what operational and structural changes your machine learning processes will bring. These changes, up to and including reducing headcounts in redundant roles or winding up entire lines of business, could be painful in the short run even as they strengthen your enterprise for the long haul.Like all great innovations that increase operational efficiency and eliminate low-value work, machine learning does not benefit everyone equally. It’s up to the humans in charge of these algorithms to make the transition as orderly and painless as possible. It seems there are some things machine learning can’t yet do … yet.

AI Esports and Why is Stressing Game Developers

Developers have to prepare for a new world – a world where players and bots play alongside each other.

March
16, 2021

6 min read

Opinions expressed by Entrepreneur contributors are their own.

Computer Vision (CV) and Artificial Intelligence (AI) are buzzwords in this digital age. When we think of AI, visions of sci-fi robots fill our minds, but that’s not what it is all about. CV and AI in computing are about automation and efficiency, which is why both have found their way into the world of gaming. Let’s take a deep dive into AI and why the ability for players to make intelligent bots will change the face of gaming.CV explainedCV in gaming is one of the sleeping giants that will move the gaming world towards the next dimension. CV powers Augmented Reality, Virtual Reality, and Mixed Reality, yet, much more is possible. Merging the power of CV with the tactics of web scraping, one can make limitless masterpieces.CV allows the applications of web scraping and data mining to become a reality in games. A background in web scraping helps us identify what information is important at a given time. Optical Character Recognition (OCR) tools allow us to extract information when it is on screen. By collecting all this information, one can build metrics of the gameplay. You can get to know the stats of characters in a game and be able to store the victory results at the end of the match. You can take this information further to construct observation spaces that can be fed into a neural network. The more details you track, the finer the quality of your model.You can start keeping track of replay data of your own matches without hacking the game or without the assistance of the game publisher.None of the information above is a secret, but it’s sometimes skipped because it’s tedious. If you get past the unwillingness to do grunt work, heavenly doors open.Related: Motorsport Games vs Activision Blizzard: Which Esports Company is a Better Buy?AI explainedAI in gaming is one of many factors that are moving the gaming world further towards reality. Augmented Reality, Virtual Reality, and Mixed Reality also play their part, and today’s gaming world is imbued with many aspects that are as real as possible on what is a digital representation.AI in video games can be a mixed bag. The problem is they can be anywhere from very sloppy to impossible to beat. One of the main reasons for this is that AI methods retrieve information concerning the game state at any given time. This combined with the fact that much of video game AI does not use neural networks is a recipe of the game that becomes predictable.The only thing more disturbing than the above is the fact that players have not been given the ability to make their own AI bots to compete with their friends. The technology exists to give players this power, but the incentive for game developers does not. There is already a hostile relationship between people who use bots and game developers. Using the above-mentioned CV and game scraping tactics, one can bypass the will of the developers and make bots powered by AI. If game developers will not willing to hand over the data to create intelligent bots, I will take the data myself. The scraped data can be used to construct the observation space for neural networks as well as generate metrics for the match.AI and the future of gamingDevelopers have to prepare for a new world — a world where players and bots play alongside each other. The door has been opened for everyday programmers to make intelligent AI bots for Pokémon Sword. And this is just the beginning. Several online media resources discuss the different information that is scraped from the game as it is running. Here are the main ways in which CV and AI shall soon change the gaming industry:Smarter games. When everyday programmers start making smarter bots than the gaming companies, that will place fire under them to get their act together. The use of AI to enable characters to “learn” behavior during gameplay is one of the most impressive of all uses of the technology. This power has always been possible for gaming companies, but now it is coming to the players as well.New life into old games. To this day, people still go on their eshops and purchase games from 20 years ago, reliving moments from their youth. The next time you pick up a classic, you can begin collecting metrics and replay data from your experiences. With that data, you can begin making shadows of yourself and compete with friends.AI esports. The feats of OpenAi and Deepmind will become commonplace in the coming years, as people begin to realize that they are not limited to what the game developers hand them, but only their imagination. People can study machine learning and compete against each other to demonstrate the new advancements in AI.Developer skills. When developers realize that with CV, they can manipulate games intelligently, the focus will sharply change. People will realize what they thought was important is no longer important. Developers weak and strong will chase after the power of computer vision as pirates chase after the One Piece. One by one, developers will claim different games as their turf. There are more than enough games to pass around. You can claim any game as your turf, but Pokémon is my domain!Related: In the Esports Trenches With Call of Duty League Commissioner Johanna FariesConclusionFrom the above, we can clearly see that AI will invade the gaming space as it has invaded many industries so far. Game developers can’t fight it at this point — it is here to stay. This will have unseen consequences and will lead to more stress on game developers. That is how the cookie crumbles. In exchange, humanity gets a new way to interact with their favorite games.It will be interesting to see how games after this point are built. Knowing that players can make bots without hacking the game, data once held back is no longer restrained and players can use tools developed by programmers to collect metrics and improve their gameplay — the possibilities are endless. Perhaps most importantly, AI esports can finally emerge.

VIDEO: Elon Musk sells a tweet with the song he did about the NFTs and they already offered him more than a million dollars

The Tesla CEO jumped on the non-expendable token bandwagon with a bizarre video featuring his new song about NFTs.

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March
16, 2021

5 min read

This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.

By now, we should be used to Elon Musk’s eccentricities, but he always finds a way to surprise us. The CEO of Tesla joined the fever of non-fungible tokens or NFT , since he put up for sale a tweet where he shares the song he made about said crypto assets. The interesting thing is that in less than 24 hours he received offers for more than a million dollars . It all started this Sunday around noon, when the mogul, who recently called himself ‘Tesla’s Technorey’ , announced on Twitter that he would sell “this song about NFTs as an NFT .” It is a video of just over two minutes, with the electronic melody in the background. A golden trophy appears in the clip that rotates to display various interesting symbols. Two outstretched hands can be seen next to an hourglass-like shape or two connected diamonds. Also seen is a rocket ship, gold coins (cryptocurrencies?), And dog figures, most likely a reference to his beloved Dogecoin . At the tip it shows a sphere that could well be the moon, a planet or an asteroid, and what looks like solar panels with the letters ‘NFT’ . In addition, the statuette displays the words ‘Vanity Trophy’ , ‘ HODL ‘ (an acronym for those who hold cryptocurrencies), and ‘Computers never sleep’ , which sometimes changes to ‘Never sell’ (never sell). With a very ‘techno’ beat, a female voice is heard repeating phrases like “NFT, for your vanity. Computers never sleep. It is verified. It is guaranteed ” . Of course, it is speculated that Musk enlisted the help of his partner, Canadian singer Grimes , to create the song. I’m selling this song about NFTs as an NFT pic.twitter.com/B4EZLlesPx – Elon Musk (@elonmusk) March 15, 2021 Although Elon Musk’s tweet does not contain any sale links, the Valuables page has recorded 17 purchase offers so far. These start at 3 dollars and the highest reaches 1,121,000 dollars (about 23 million Mexican pesos), made by Sina Estavi, the CEO of the Bridge Oracle platform , who curiously, also put the maximum offer for Jack’s first tweet. Dorsey , offering $ 2.5 million . According to the platform, the tweet itself “will continue to live on Twitter” , but the final buyer will have the NFT “signed and verified by the creator” , in this case Elon Musk . Image via Valuables , March 16, 2021, 12:30 p.m. (GMT-6) It is not the first time that the CEO of SpaceX dabbled in music. Early 2020 released an electronic music song titled ‘Don’t Doubt ur Vibe’ . While neither is exactly a musical gem, both have collectible value just by existing and being the product of Elon Musk’s ingenuity. Taking advantage of Musk’s occurrence, digital artist Beeple shared an illustration that he dubbed ‘Non-fugible Elons’ . It is a composition where the tycoon appears mounted on a Shiba Inu dog (symbol of the Dogecoin) , while holding a trophy with the initials ‘NFE’. NON- FUNGIBLE ELONS pic.twitter.com/KZDpYGVWvz – beeple (@beeple) March 16, 2021 To understand better… – HODL. It is a colloquial form used in the world of cryptocurrencies (especially among the Bitcoin community) to refer to those who accumulate digital currencies, trusting that they will increase in value. It originated from a ‘finger error’ when someone wrote ‘hodl’ instead of ‘hold’. – NFT or Non-fungible Token. It is a special type of crypto token that represents unique digital assets, such as images, video clips, or in this case, tweets. NFTs can be sold and bought, but they are not mutually interchangeable like cryptocurrencies and many other utility or network tokens that are fungible in nature.

Buy more gold, silver and Bitcoins, says the author of 'Rich Dad, Poor Dad'

Robert Kiyosaki criticized the subsidy plan approved by Joe Biden to support the economy of Americans affected by the pandemic.

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March
16, 2021

2 min read

This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.

Robert Kiyosaki , an investor known for his book ” Rich Dad, Poor Dad, ” criticized Joe Biden’s move to support the pandemic-affected American economy, which establishes direct payments of $ 1,400 per person to taxpayers with income less than 80 thousand dollars per year. The author posted a message on his Twitter account that reads: “Millions are very happy. The government passes a $ 1.9 trillion stimulus bill. Who wouldn’t be happy with free money? The problem is that free money impoverishes the poor and middle class. Buy more gold, silver and Bitcoin ”. Millions very happy Government passes $ 1.9 trillion stimulus bill. Who wouldn’t be happy with free money. Problem is free money makes poor and middle class poorer. Buy more gold silver and Bitcoin. – therealkiyosaki (@theRealKiyosaki) March 15, 2021 The United States House of Representatives approved this March 10 a financial relief package of 1.9 trillion dollars with the aim of helping the citizens of the American country whose economy was affected during the days of the pandemic that has not yet ended. This economic plan will give direct checks of 1,400 dollars (approximately 28,787 Mexican pesos) to taxpayers who have an income of less than 80 thousand dollars per year, and 2,800 (approximately 57.575 Mexican pesos) to married couples who file jointly. Also, this program aims to help those who are unemployed, and are part of the state unemployment insurance program, with weekly bonuses of $ 300. Some Republican senators disagreed with this policy and called it wasteful. However, despite his opposition, Biden’s economic recovery plan was approved by a majority vote.