Einstein said "Compounding is the 8th wonder of the world. He who understands it, earns it .... he who doesn't .... pays it". If you have been in trouble with a credit card then you would know what I mean. Investors, like Warren Buffet, and lesser-known, but hugely wealthy traders, like John W. Henry, have all learned to make compounding work for them with jaw-dropping results.
A good leader will know exactly how to get each member of staff motivated. Remember we all have different drivers so the one-size-fits-all approach isn't a good one to take. Take the time to understand what makes each person tick and what sort of managerial approach they respond best to.
I realise that that seems like an especially surprising statement given that the deficit has come down by a third, our balance of trade is improving, there are more people in work than ever before, unemployment and youth unemployment is coming down, and growth rates have surpassed expectations and are predicted - by the IMF amongst others - to continue to do so.
The entrepreneurial spirit is often difficult to define. If we take the word 'entrepreneur' in its literal context, its French roots could be defined as "between jobs" - and the 'in-between-ness' of the word's original meaning is interesting.
A weeks ago, the Huffington Post ran an article making a lot of assertions about the Transatlantic Trade and Investment Partnership, a deal currently being negotiated between the US and the EU that could boost both economies significantly. As a member of the European Parliament's International Trade Committee, I have been observing the negotiations firsthand for the past year or so, and would like to respond to the many alarmist points made that do not reflect reality.
What is wrong with today's network? How can the Internet, that has powered so many of the innovations in the 21st century, be holding innovation back? In short, networks are starting to show their age.
Raising money for your start-up is difficult, particularly in the UK where "tech city" is still in its early stages of development. The whole process can be time consuming and stressful, particularly when you have a business to run at the same time.
In practice the biggest thing holding back the Brazilian food and drink sector is not communications but rather the poor state of domestic infrastructure. The poor reputation of the Brazilian transport sector revealed in our Index reflects the difficulties it faces in delivering what Brazilians need and expect.
The Iron Mountain study revealed that over half (57 per cent) of firms do nothing with customer communications that arrive on paper. Instead, they wait until we grow sufficiently frustrated to phone or email to ask why nothing's happened, and only then do they act.
I returned to Hong Kong 25 years later as a businessman and found a city with a population of seven million people now occupying that area. I'm referring, of course, to Shenzen, China's original "Special Economic Zone."
Native advertising is one of the buzz words of the moment and it generally provokes one of two reactions. Either a sense of confusion, or the feeling that it's an over-hyped phrase which is just a new way of describing what we do already - creating advertising which is relevant to the editorial experience.
t doesn't take long to type up a policy document, but changing corporate culture takes longer. It means implementing these new policies on a daily basis. It means using positive reinforcement to show workers that it is okay to work from home, and that you trust them to get their work done without looking over their shoulder.
The article describes companies which have chosen to have a limited or even non-existent press or PR department, and which do not hire external agencies. Instead, the CEOs of these firms choose to communicate with journalists directly.
I wonder if the word 'bossy' is a western term, I can't quite imagine having been in the Kiberan slums someone ever being referred to as bossy. A survivor yes, bossy, I doubt it. So, if you are fortunate enough to have strong-willed girls in your life make sure your words and actions promote their natural leadership skills, empower them not destroy them.
Recently, David Cameron said that he wants to change attitudes towards enterprise in Britain. Along with this, he wants to spur enterprise in the country, to create a legion of start ups. Why? Because we are at serious risk of falling behind and one only has to take a look over the Atlantic to see how good things can be.
Of course, Labour have been quick to criticise Mr Duncan Smith but the strength of the UK labour market - with record numbers of people in work, accompanied by dramatic falls in the number of the UK's unemployed - is plain evidence that his reforms are having an impact.