How Open Are You Willing to Be?

By WEALTH Magazine Staff

Radical openness was the hot topic at TED 2012 in Edinburgh, Scotland recently. TED is qualified to serve up this theme, as they built a global media powerhouse by giving away their content, brand, methods and formats.

TED speaker Don Tapscott spoke of four principles in a radically open world: transparency, collaboration, sharing and empowerment. All of these leading beyond networked information and knowledge, to networked intelligence, where some of the world’s greatest problems could be solved.

Has your company given radical openness a chance? Have you given it a chance yourself? Or is it just too scary?

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Job Security: Are You as Safe as You Think?

By WEALTH Magazine Staff

Do you think you are playing it safe by staying in your job? It is high time to rethink that, even if you are a star player. Here’s why: Corporate loyalty is at an all-time low. The pace of change in nearly every industry is at an all-time high. Young and agile upstarts around the globe are killing their older and bigger competitors faster than David killed Goliath.

Taking this mindset has never been more critical: You are the president of your own company. And if You Inc. is getting all income from one client (such as your employer)–that can be a very risky place right now. This doesn’t mean you quit work tomorrow, but at least do this: Challenge your notion that staying where you are is the safest thing to do. All of us should be preparing for our next move.

Today’s world is favoring people who are reaching inside, grabbing their dreams and ideas and courage, seizing the power of a digital and connected world, and taking wing.

Tama Kieves, the author of “Inspired and Unstoppable,” said it best: Wild, amazing, visionary people are the new safe.

Jump in…. the water is fine.

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Equal Pay Motion Defeated: Your Thoughts?

By WEALTH Magazine Staff

It’s hard to believe, but right now–in 2012–women get paid 30 percent less than men for the same exact job. A bill to fight that discrimination was defeated in Congress this week, falling 8 votes short of the 60 needed. Not a single Republican voted for the bill.

Republicans said the bill would make trial lawyers rich, but would cost employers plenty while doing very little to solve the problem. Democrats say the bill would simply close loopholes in the 1963 Equal Pay Act–the very loopholes that have allowed the discrimination to continue all these decades since.

What are your thoughts? Should this bill pass? What’s the alternative? How can unequal pay still exist in the United States? Leave your comments here or  on our Facebook or Twitter channel.

 

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Strategically Thinking About Your Trust Rating

By Darren Smith

What if, on a scale of 1–50, you knew how much your organization was trusted compared to others?

Would knowing your “trust rating” be more valuable than earning a spot on “Best Places to Work” or “50 Largest Companies in Your Industry?”  My response More…

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Tax Tips for Small Business Owners

By Steve Takamatsu

Whether you’re an investor, a business owner or a consultant, there are many benefits to working for yourself. And one major factor involves tax advantages.

If you have your own business, there are plenty of ways you can reduce your taxable income. More…

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3D Computer Chips Will Deliver an Era of Radical Change

By Michael Robinson

Forget about the “Tablet Wars.” That’s yesterday’s news.

The same thing goes for the long-predicted “Death of the PC.”

You see, the mainstream media has unleashed a torrent of technology predictions for 2012. They’re all a mile wide and an inch deep. No one seems to get the big picture.

The single most important computing trend that will unfold this year is getting almost no buzz. And yet …

This is the year when the technology sector will enter a whole new dimension. It’s called 3D computing. More…

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Don’t Neglect the Tax Advantages of Self Employment

By WEALTH Magazine Staff

Whether you are an investor, business owner or self-employed consultant, there are many benefits to working for yourself. One major upside involves tax advantages.

The two biggest things you’ll need to concern yourself with are expenses – both operating and capital.

Operating, or business, expenses are the costs of conducting a trade or business, and they are usually tax deductible. For example, the costs of renting an office, going on business trips and paying employees are all deductible expenses. More…

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The Occupy Wall Street Movement Has Something Useful to Say

By Brian Peterson

(An Opinion piece from WEALTH magazine)

We need to listen carefully to what this movement is saying. In many cases, the activists have heroically stood to decry injustices that affect most of us. Let’s take a closer look:

First, Occupy points out that some large corporations end up paying no taxes. All the loopholes and incentives make it possible, and that really is a travesty worth protesting. It’s not so much a problem with the corporations if they are avoiding these taxes legally. It is a government problem, and we all should be pushing for fair tax laws. More…

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Entrepreneur Russell Simmons Shares His Vision of the Spirit of Wealth in a New Book

By Juliette Fairley

Despite being worth a reported $350 million, media and fashion mogul Russell Simmons resists labeling himself a money man. Instead, he prefers the embellishment “business yogi.”

“A business yogi is someone who upholds humanity in all of his or her business dealings,” Simmons told WEALTH magazine in an exclusive interview in his Seventh Avenue office in New York. “Someone who puts the betterment of the human condition before making a profit.”

Known for his role in launching Def Jam Records and catapulting the musical careers of hip-hop artists the Beastie Boys, Run DMC, 50 Cent and Jay-Z, Simmons began his entrepreneurial career with a Jewish punk rocker named Rick Rubin in 1984. More…

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How to Protect Your Business From Cyber Warfare

By WEALTH Magazine Staff

Cyber warfare is growing rapidly, and spending on network security is following pace. Worldwide spending on network and data-security technology will rise to more than $10 billion by 2016 from about $6 billion last year, according to a market-outlook report by technology-forecaster ABI Research.

Another recent study, by Forrester Research Inc. (Nasdaq: FORR), found that the share of business information-technology budgets devoted to security nearly doubled from 7 percent in 2007 to an estimated 14 percent last year. More…

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