Archives for category: Business
  1. Mercer on global executive pay trends  (via Vincent)
  2. Warren Buffett discloses his 2010 income and tax in this letter (via Dealbreaker)
  3. A multihull yacht designer and some of his clients (via My Modern Met)
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In other breaking news, today is Monday.

See here for the NPR story.

(HT: Brian)

  1. Fashion model income data
  2. NBA economics (via the Browser)
  3. Not good (via Marginal Revolution)
  4. Kodak vs. Tumblr

Ben Fry at Fathom just released a great interactive visualization of the companies listed in the Fortune 500 from 1955 to 2010. Go spend a minute or two clicking around in the graphic and trying the different views (by rank, revenue, and profit). You’ll notice the following types of companies:

  1. The ones that have been topping the ranks for a long time (e.g., Exxon Mobil, GE)
  2. The ones that have maintained their real revenue and profit levels but declined in rank (e.g., Hormel Foods)
  3. The ones that have fallen from grace (e.g., Citigroup)
  4. The rising stars (e.g., Progressive)
  5. Walmart, the Numero Uno – what happened around 1995 that catapulted the company to the top of the Fortune 500s list from its earlier “obscurity”?

Ben’s goal with this visualization was to “show how 84,000 data points could easily be viewed and navigated in an interactive piece.” Well, I think he’s accomplished that and then some. (HT FlowingData)

After college, I joined a small management consulting firm right as it started to grow into a bigger and different firm. The work, the culture, the benefits, and eventually the ownership, had all changed by the time I left two and a half years later. Managing these moving pieces was probably not easy; a partner there once  compared it to driving a car while it was being built, or building a car while it was being driven, I can no longer remember. The point is, growing a company is hard. A corollary is, when you first start a company, all you have is growth.

"Growing Pains," or "成长的烦恼," as I knew it in China

Ben Pieratt, the 28-year-old CEO of social shopping startup Svpply, knows this, as one can see in his recent blog post titled “My Job Pt.1 — I have no idea what I’m doing“:

[…] I have zero experience or expertise in building a company. I’ve never worked at a web or product startup, I’ve never worked in a healthy team environment[…]

So I’m learning on the fly.

Things I don’t know how to do that I have to learn soon or Svpply will fail:

– How to find and recruit talent
– Recruiting the appropriate kind of talent
– Managing people and keeping them fulfilled in their work
– How to develop and design a work schedule
– How to communicate a vision

Read Ben’s full post in the link above. It provides honest, sincere, and relatable lessons for other entrepreneurs like myself. I learned a lot from it and hope you all can, too. (HT Kottke)