The Power Of Microfinance: How FINCA Says It Changes The Lives Of Low-Income Entrepreneurs

FINCA Impact Finance is a network of 21 microfinance institutions and banks operating around the world that provide responsible financial services to low-income entrepreneurs. Andrée Simon, the CEO of FINCA, has found her life purpose in helping her organization do what it does. Now their group is trying to build an institution that has the potential to change the lives of individuals, their families, and their communities. The combination of financial sustainability and positive social impact the organization achieves aligns with Simon’s desire to leave something better behind. Read more>>

The Science Behind the Growing Importance of Collaboration

Collaboration is a hot buzzword in the business world. And with good reason. Working with people who have different perspectives or areas of expertise can result in better ideas and outcomes. But collaboration does not always just happen. Sometimes it needs a little nudge. Kellogg’s Benjamin Jones, a strategy professor at the Kellogg School, discusses why collaboration is so important today—and how organizations can design their buildings and common spaces to encourage it.  Read more>>

What working on Pebble taught me about building hardware

Building hardware is fun but tough. Startups in general are like roller coasters; adding hardware to the mix just makes them even more stomach-churning. But if it’s so hard, why do it? The most rewarding feeling in the world is seeing someone out in public using a product that you helped make. If you’re working on hardware, especially consumer electronics, I hope you’ll get a chance to feel it. It makes it all worth it. Read more>>

Study: Startups that don’t set firm goals actually do better

New data, from a study done by my team at Bunch, could redefine what we see as the trademark characteristics of early startup success. This study collected data from 62 early-stage startups over the course of a year to find the factors that correlate directly to higher revenues. And what we found was pretty surprising: A lower commitment to goals actually resulted in better financial performance. And a high growth mindset didn’t necessarily mean higher revenues. Read more>>