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Snapchat CEO Gives New Employees 'Nearly Impossible' Tasks: Here's Why They're Set Up to "Fail Early"

Unknown business, employees, entrepreneurship, startups, startups and entrepreneurship

<img data-document-id="cms/api/amp/image/AA1BM0RX" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1BM0RX.jpg"/>

 Occasionally, your initial day at a new job establishes the atmosphere for the remainder of your time there.


 This is why Snap co-founder and CEO Evan Spiegel assigns an extremely challenging assignment to members of his design team when they start on their first day, as mentioned on Monday.
 podcast episode
 Of "The Diary of a CEO."


 "Once a week, we spend a few hours conducting design reviews," explained Spiegel, who is 34 years old and heads the company behind the social media application Snapchat. "On your inaugural day, you must make a presentation... Clearly, on your first day, without understanding what projects the firm is currently tackling... It seems nearly unattainable to generate a solid concept," he remarked.


 This approach might appear unjust, yet it paves the way for developing the creative and analytical abilities employees require to thrive within the organization, as stated by Spiegel. Additionally, this method assists individuals in swiftly overcoming their apprehension towards failing, thereby motivating them to embrace greater workplace risks.


 "He mentioned that his biggest concern became reality as we were all gathered, examining an idea that wasn’t particularly impressive. While some of these ideas can be quite decent, most often they fall short. However, this situation actually paves the way for creativity since failure has already occurred and you’ve moved past it.”

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 The workout aids individuals in developing self-assurance and psychological toughness, and also serves as a form of team-building for staff members, according to Spiegel.


 Conquering a fear of failure—or any other fear—can be consistently difficult. Strategies that prove effective might seem absurd, such as mimicking a humorous dialect when talking to the inner voice or simply embracing oneself, yet these methods tend to succeed.
 If they can "interrupt" the pattern within your mind.
 , phobia specialist Christopher Paul Jones informed DIWIDAMake It on July 1.


 Confronting your fears directly can also be effective.
 as stated by leadership consultant and former Navy SEAL officer Jocko Willink.


 "What you must understand is that much of your fear doesn’t reflect reality; it’s merely constructed in your mind,” Willink stated in February 2019. “To conquer this fear, you should confront it directly. Examine it closely. Take initiative.”

<h4>
 'We're all born creative'
</h4>

 Conquering the fear of failing on your initial day at work might seem intimidating, particularly when you have a room full of new coworkers watching. Regardless of whether you're immediately faced with a challenging scenario or not, you can ease your first-day nerves by doing some preparatory groundwork beforehand.


 As a newcomer, you can achieve significant and rapid influence by grasping your organization’s mission and discovering precisely how your position contributes to this vision, according to Lori Castillo Martinez, who serves as the executive vice president of talent, growth, and development at Salesforce.
 said in October 2024
 Therefore, discuss with the hiring manager their expectations and the company culture as part of your job interview. Also, converse with either a present or past worker for insights.
 on LinkedIn
 or provide your email address before your first day.


 When you find yourself needing to generate a fresh, innovative concept spontaneously, you’ll be better equipped to offer something significant. “It’s beneficial to experiment and stay curious, embracing the chance to define your role and determine the effect you aspire to have as a newcomer,” noted Castillo Martinez.


 Even if your concept ends up in the 99% category of not-so-great ideas, you will still acquire valuable experience, according to Spiegel.


 He stated, 'The most effective way to come up with a solid concept is by producing numerous ideas.' Thus, the team continuously develops a wide range of concepts, items, and functionalities... It’s our responsibility to identify which among these standouts truly shine.'


 
 Looking to make some additional income on the side?
 
 Enroll in DIWIDA's latest online course now.
 Ways to Begin a Secondary Business
 To acquire advice for beginning and tactics for achieving success from leading side hustle professionals, sign up now and apply the promo code EARLYBIRD to receive a 30% discount off $97 (+ taxes and fees) until April 1, 2025.


 Plus,
 subscribe to DIWIDAMake It's mailing list
 To acquire advice and strategies for achieving success at your job, managing finances, and navigating everyday life.

<img data-document-id="cms/api/amp/video/AA1zZqXM" data-reference="video"/>

Snapchat CEO Gives New Employees 'Nearly Impossible' Tasks: Here's Why They're Set Up to "Fail Early"

Unknown business, employees, entrepreneurship, startups, startups and entrepreneurship

Occasionally, your initial day at a new job establishes the atmosphere for the remainder of your time there. This is why Snap co-founder and CEO Evan Spiegel assigns an extremely challenging assign…

Why Foreign Entrepreneurs Are Betting Big on Vietnam for Their Startups

Unknown business, entrepreneurship, startups, startups and entrepreneurship, vietnam

<img data-document-id="cms/api/amp/image/AA1BugPl" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1BugPl.jpg"/>

 The British entrepreneur Graeme didn’t anticipate that his 2023 visit to Vietnam would present him with a business prospect compelling enough to make him decide to remain there.


 A former footballer who retired at 21 due to injury, he had initially planned to launch a retail business in Bali, Indonesia. But friends discouraged him, citing the market's competitiveness.


 While visiting Vietnam in 2023, he identified its promise as a perfect location both for residence and professional endeavors. Given its substantial populace of 100 million, with three-quarters below the age of 30, along with its extensive coastlines fostering commerce, the nation seemed poised for expansion.


 "The expenses for living and starting up are notably low," states the 37-year-old.


 He first opened a café and an Airbnb business. Then, by chance, he noticed a demand for post-injury sports rehabilitation, an industry largely untapped in Vietnam. Recalling his own recovery process, he saw an opportunity to introduce sports rehabilitation technology to the country.


 He partnered with Jordan, a friend with a degree in sports science, to launch a new venture. By mid-2024, they had imported equipment from the U.K. and U.S. and opened Recover, a sports rehabilitation center catering to amateur athletes, in HCMC. Vietnam’s significantly lower business registration and labor costs and operational expenses gave them a competitive advantage over markets like the U.K. and Australia, he says.

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 Graeme (far right) with staff members at the center in Thao Dien Ward, Ho Chi Minh City. Photo courtesy of Graeme
 
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 But he encountered cultural business challenges, particularly in staffing. He found that Vietnamese employees were often reserved when working with foreigners. Many arrived late for work, delaying the center’s opening, something unacceptable in the service industry. Tortuous banking procedures made payments and financial tracking challenging.


 A few months later he expanded his team, hiring Myanmarese staff and receiving legal guidance from his Vietnamese wife.


 "Without local connections, running a business here would be very difficult," he says. "Language barriers and different business cultures are major challenges."


 After six months Recover stabilized, and he began planning an expansion into Hong Kong.


 Graeme is one of many foreign entrepreneurs choosing Vietnam, especially HCMC, as their startup base. According to StartupBlink, a global startup ranking platform, as of 2024 HCMC had 182 foreign-owned startups, 52% of the country's total. Over three years the city jumped 68 places to 111th among the world’s top startup hubs.


 This growth is fueled by Vietnam’s improving business climate. The 2020 World Bank Doing Business report ranked Vietnam 70th out of 190 countries for business-friendliness. Key reforms like streamlining business registration and reducing processing time to under a month have further facilitated foreign investment.


 Vinnie Lauria, founder of venture capital firm Golden Gate Ventures, which backs startups in Southeast Asia, says Vietnam’s startup ecosystem has flourished over the past decade. The country has
 attracted foreign entrepreneurs
 in edtech, fintech, healthtech, and digital transformation.


 Vietnam’s economic growth, stable education system and young, ambitious workforce make it an attractive business destination, he says. The country’s vibrant street life, motorbike culture, and diverse cuisine further boost its appeal, he says.


 "Unlike any other Southeast Asian country, Vietnam has a unique energy—both chaotic and orderly in its own way."


 American entrepreneur Aric Austin experienced this firsthand when he visited his brother in 2018. A former media startup executive in New York, the U.S., he later founded and sold two companies to Glam Media and Yahoo in Germany.


 "I wanted to
 take on a new challenge in Vietnam
 ," he says.

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 Aric Austin at a warehouse in Ho Chi Minh City, March 2025. Photo courtesy of Austin
 
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 The idea emerged when he struggled to find a storage facility while relocating from Berlin to HCMC. His landlord had no recommendations, and he was surprised by the absence of personal storage services in Vietnam in stark contrast to neighboring Thailand, Malaysia, Singapore, and Hong Kong, where the industry was already well-established.


 "I knew Vietnamese consumers would eventually demand this service," he says.


 After a year of research he launched My Storage, a personal storage business, in 2019. But the business required a lot of effort to build consumer awareness. One of his early customers told him they were relieved to find his service, as they previously had to rent a hotel room just to store furniture during a home renovation.


 "This showed that demand existed, but most people were unaware of available solutions," Austin says. "Changing consumer perceptions could take five, 10 or even 15 years."


 He noticed a significant distinction between Western and Vietnamese consumers: in the West, customers actively look for services, whereas in Vietnam, companies need to approach them directly.
 invest heavily in marketing
 to raise awareness and create demand.


 When My Storage initially launched, it stood alone as the sole enterprise of its type within Vietnam. However, now multiple rivals—some even from abroad—have joined the fray. Despite this increased competition, he maintains an optimistic stance, arguing that these new entrants will boost public recognition and assist consumers in understanding the advantages offered by individual storage solutions.


 Lauria emphasizes that successful startup ecosystems thrive on diversity. A Kauffman Foundation study found that over 50% of Silicon Valley’s billion-dollar companies were founded by immigrants, underscoring their role in driving innovation and economic growth.


 However, Lauria recognizes that international entrepreneurs continue to encounter obstacles in Vietnam. Although business registration has become more streamlined, scaling up operations remains complicated, particularly when it comes to adhering to legal requirements, recruiting staff, and managing remotely.


 He encourages Vietnam to embrace a more welcoming stance towards foreign entrepreneurs and investors, using Singapore as an exemplary model—astartup haven that draws talents from around the world.
 Visa regulations ought to be made more straightforward as well.
 To make it easier for companies to register, he states.


 Tackling these challenges will pave the way for startups and local talent to make full contributions to business achievements.

Why Foreign Entrepreneurs Are Betting Big on Vietnam for Their Startups

Unknown business, entrepreneurship, startups, startups and entrepreneurship, vietnam

The British entrepreneur Graeme didn’t anticipate that his 2023 visit to Vietnam would present him with a business prospect compelling enough to make him decide to remain there. A former footballer…

7 Tips Memulai Usaha hanya dengan Modal Rp1 Juta di Indonesia

Unknown business, investing, investing business news, money, startups

Jakarta, IDN Times
 
 Dengan berjalannya waktu, wirausaha sekarang bukan hanya menarik minat orang-orang yang telah sukses. Justru dengan sedikit modal saja, Anda bisa memulai dan bahkan mengakselerasi pertumbuhan usaha tersebut.


 Membuka usaha meski dengan dana terbatas tidaklah mustahil. Menggunakan taktik yang sesuai, uang sebesar satu juta rupiah dapat mengantarkan Anda pada jalannya menuju kesuksesan dalam berbisnis. Di bawah ini adalah beberapa tahapan yang bisa dipraktekkan bagi siapa saja ingin merintis sebuah usaha hanya dengan menggunakan modal senilai satu juta rupiah.

<h2>
 1. Tentukan tipe usaha yang cocok dengan dana awal dan kemampuan khusus Anda.
</h2>
<img data-document-id="cms/api/amp/image/AAO2vRs" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AAO2vRs.jpg"/>

 Menentukan tipe usaha yang cocok dengan keterampilan dan dana awal merupakan tahap awal. Di bawah ini terdapat berbagai macam gagasan bisnis yang dapat dijalankan dengan modal sebesar satu juta rupiah:


 
 1. Reseller atau Dropshipper
 


 Apabila Anda berkeinginan memasarkan suatu produk tanpa perlu menyimpan stok barang, maka menjadi seorang reseller ataupun dropshipper merupakan solusi terbaik. Dana senilai Rp1 juta dapat dialihkan untuk kebutuhan promosi serta aspek-operasional lainnya.


 
 2. Bisnis Kuliner Rumahan
 


 Apabila Anda menguasai kemampuan masak, bisnis makanan ringan bisa menjadi pilihan yang tepat.
 frozen food
 , atau camilan dapat diawali dengan modal kecil. Dengan uang sebesar Rp1 juta, Anda bisa menggunakan dana tersebut untuk pembelian bahan dasar dan packaging.


 
 3. Jasa Freelance
 


 Apabila Anda mempunyai keterampilan dalam bidang seperti desain grafis, penulisan, atau terjemahan, Anda dapat mengajukan layanan tersebut.
 freelance.
 Dana awalnya hampir nihil, cukup dengan memiliki perlengkapan untuk bekerja serta jaringan internet.


 
 4. Bisnis Digital
 


 Menjual produk digital seperti
 e-book
 ,, kursus daring, ataupun mendesain templat pun dapat menjadi alternatif. Dana sebesar Rp1 juta ini bisa dialokasikan untuk keperluan promosi atau membuat konten bermutu tinggi.

<h2>
 2. Gunakan platform-media sosial sebagai alat promosi.
</h2>
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 Pada zaman serba digital ini, media sosial dapat berperan sebagai sarana promosi yang amat menguntungkan. Berikut adalah sejumlah taktik marketing tanpa bayar atau dengan pengeluaran rendah:

<ul>
 <li>
 Manfaatkan media sosial seperti Instagram, TikTok, Facebook, serta WhatsApp guna mengiklankan barang dagangan atau layanan Anda.
 </li>
 <li>
 Ciptakan materi yang menggoda perhatian, misalnya gambar produk berkelas, klip ulasan, atau kesaksian konsumen.
 </li>
 <li>
 Gunakan fasilitas pasar terbuka tanpa biaya seperti Shopee, Tokopedia, atau Bukalapak agar dapat mencapai jumlah pembeli yang lebih besar.
 </li>
 <li>
 Masuk ke dalam komunitas atau kelompok di Facebook yang cocok dengan segmen pelanggan tujuan Anda guna mempromosikan produk tersebut.
 </li>
</ul>
<h2>
 3. Terapkan metode pemesanan awal guna menghemat modal
</h2>
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 Apabila Anda menawarkan barang konkret, mengadopsi metode pemesanan terlebih dahulu dapat membantu mengurangi resiko pengeluaran dana yang signifikan.

<ul>
 <li>
 Dalam sistem prapemesanan, konsumen akan melakukan pembayaran terlebih dahulu sebelum Anda mengambil atau membuat produk tersebut.
 </li>
 <li>
 Metode ini menjamin bahwa dana tidak terkuras untuk persediaan barang yang mungkin saja tidak akan terjual.
 </li>
 <li>
 Pemesanan awal pun dapat menghasilkan rasa eksklusif, sehingga pembeli akan merasa lebih istimewa.
 </li>
</ul>
<h2>
 4. Berbelanja barang atau produk secara hati-hati
</h2>
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 Memanajemen modal secara cermat merupakan hal utama dalam menjalankan usaha skala kecil. Di bawah ini terdapat berbagai metode untuk mengurangi biaya operasional:

<ul>
 <li>
 Temukan pemasok atau pedagang besar dengan tarif lebih rendah untuk bahan mentah atau produk yang ingin Anda jual.
 </li>
 <li>
 Bandrol produk dengan hati-hati dari beberapa lokasi terlebih dahulu sebelum melakukan pembelian skala besar.
 </li>
 <li>
 Pesan sedikit terlebih dahulu guna mencoba pasaran sebelum meningkatkan ukuran bisnis Anda.
 </li>
</ul>
<h2>
 5. Optimalkan layanan pelanggan
</h2>
<img data-document-id="cms/api/amp/image/AA1yQCCN" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1yQCCN.jpg"/>

 Kualitas pelayanan konsumen yang bagus dapat menambah kesetiaan para pembeli serta mengoptimalkan kemungkinan melakukan pesanan berulang kali. Di bawah ini adalah sejumlah metode untuk menyempurnakan servis kepada pelanggan Anda:
 1. Meningkatkan komunikasi dengan customer.
 2. Memberikan solusi cepat atas keluhan mereka.
 3. Memperlakukan setiap klien secara personal.
 4. Melibatkan diri dalam kegiatan masyarakat atau acara lokal sebagai bentuk tanggung jawab sosial perusahaan.
 Mohon dicatat bahwa daftar diatas hanyalah contoh-contoh sederhana dari banyaknya strategi lainnya yang tersedia. Setiap usaha harus mencari pendekatan terbaik sesuai dengan karakteristik unik bisnis tersebut.

<ul>
 <li>
 Balasan yang cepat dan sopan saat menanggapi pertanyaan dari para pelanggan.
 </li>
 <li>
 Sediakan layanan purna jual, misalnya dengan mengundang umpan balik dari pelanggan atau menyajikan penawaran spesial bagi konsumen yang telah setia.
 </li>
 <li>
 Gunakan fitur chatbot atau
 auto-reply
 Di WhatsApp atau Instagram agar merespons pesan dengan cepat.
 </li>
</ul>
<h2>
 6. Atur keuangan secara efisien
</h2>
<img data-document-id="cms/api/amp/image/AA1BBeTQ" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1BBeTQ.jpg"/>

 Usaha yang berhasil berawal dari pengaturan keuangan yang tepat. Di bawah ini adalah sejumlah saran untuk memantapkan finansial perusahaan rintisan Anda:
 1. Tetapkan tujuan keuangan.
 2. Pisahkan antara uang pribadi dan usaha.
 3. Catatan transaksi harus akurat.
 4. Buat anggaran serta patuhilah itu.
 5. Analisis secara berkala laporan keuangannya.
 6. Siapkan dana darurat bagi hal-hal tak terduga.
 Semoga petunjuk di atas bisa membantu dalam menjaga stabilitas ekonomi bisnis skala menengah atau lebih rendah.

<ul>
 <li>
 Bagi urusan finansial antara usaha dan keluarga supaya lebih gampang mengawasi laba dan biaya.
 </li>
 <li>
 Gunakan program pengelolaan keuangan semacam BukuKas, Money Lover, atau Excel untuk mendata setiap aktivitas finansial sehari-hari.
 </li>
 <li>
 Jangan segera menyelesaikan hasil laba tersebut, namun putarnya kembali guna memperluas bisnis Anda.
 </li>
</ul>
<h2>
 7. Gunakan dengan bijak modal sebesar Rp1 juta tersebut untuk mencapai hasil maksimal.
</h2>
<img data-document-id="cms/api/amp/image/AA1Cbb6L" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1Cbb6L.jpg"/>

 Berikut ini merupakan suatu contoh penempatan dana sebesar Rp1 juta untuk usaha daring skala kecil:

<ul>
 <li>
 Modal awal untuk membeli produk (jika berjualan barang):Rp 500ribu
 </li>
 <li>
 Pembungkusan dan branding untuk produk: Rp150 ribu
 </li>
 <li>
 Biaya iklan di media sosial: Rp200 ribu
 </li>
 <li>
 Biaya pengiriman atau ekstra: Rp100 ribu
 </li>
 <li>
 Dana operasional cadangan: Rp50ribu
 </li>
</ul>

 Apabila usaha Anda fokus pada layanan atau sektor digital, maka dana yang dibutuhkan mungkin dapat dikurangi mengingat tidak adanya persediaan produk.


 Mengawali sebuah bisnis dengan dana awal sebesar satu juta rupiah tentunya memerlukan perencanaan dan imajinasi. Pemilihan jenis usaha yang sesuai, menggunakan platform-media sosial sebagai alat promosi, bersama-sama dengan pengaturan keuangan secara cermat, dapat membantu merintis dari sedikit modal hingga berubah menjadi suatu bisnis yang profitable. Namun demikian, hal utamanya tetaplah pada kesetiaan dan kerja keras saat mengerjakan proyek ini. Semoga berhasil bagi Anda semua!

7 Tips Memulai Usaha hanya dengan Modal Rp1 Juta di Indonesia

Unknown business, investing, investing business news, money, startups

Jakarta, IDN Times Dengan berjalannya waktu, wirausaha sekarang bukan hanya menarik minat orang-orang yang telah sukses. Justru dengan sedikit modal saja, Anda bisa memulai dan bahkan mengakse…