Dean Thurman and Mike Thurman Guest columnists Published 6:00 AM EST Dec 16, 2018 “If I had asked people what they wanted, they would have said faster horses.” The quote above, attributed to Henry Ford, is something we drew inspiration from as we took an idea for a novel business model and grew it into a successful 100-plus person company in just over three years. We started with four people. How did we grow that fast? Let’s go back to the late '90s and early 2000s. We’ve been financial advisers for more than 25 years, and we grew our practice through educational seminars. Our passion is teaching the public how to prepare for successful retirement. Retirement planning is not something you learn in school, and it’s not easy figuring out all the nuances if you aren’t a financial planner. For a long time, our educational seminar strategy worked really well. We created printed invitations and mailed them to people in an area where we wanted … [Read more...] about A new business model created dramatic growth
New digital business models
Kristen Jordan Shamus Detroit Free Press Published 12:15 AM EDT Oct 31, 2018 Calling Detroit the new Berlin for its thriving arts scene, Alberto Ibargüen, president, CEO and trustee of the John S. and James L. Knight Foundation, announced Wednesday that the nonprofit will invest $20 million in arts organizations in the city through 2023. “Great art, tough art, challenging art helps to tell a great city’s own story. Nowhere is this more true that today’s Detroit,” said Alberto Ibarguen, president of the Knight Foundation. “This is the place where art, culture and design have changed the narrative of a community. And in the art world, Detroit has become the new Berlin." The money will be split among several organizations, including: $2.5 million each to the Detroit Institute of Arts and the Detroit Symphony Orchestra Hall $1.5 million to the Sphinx Organization $1.325 million to the Community Foundation for Southeast Michigan $1 … [Read more...] about What can $20M buy Detroit? New art, theater, music for the masses.
Mike Corder, Associated Press Updated 7:33 am PDT, Tuesday, October 30, 2018 Britain's Chancellor of the Exchequer Philip Hammond poses for the media as he holds up the traditional red dispatch box, outside his official residence 11 Downing Street before delivering his annual budget speech to Parliament in London, Monday, Oct. 29, 2018. less Britain's Chancellor of the Exchequer Philip Hammond poses for the media as he holds up the traditional red dispatch box, outside his official residence 11 Downing Street before delivering his annual budget ... more Photo: Frank Augstein, AP Photo: Frank Augstein, AP Image 1 of / 1 Caption Close Image 1 of 1 Britain's Chancellor of the Exchequer Philip Hammond poses for the media as he holds up the traditional red dispatch box, outside his official residence 11 Downing Street … [Read more...] about European tech leaders warn against EU digital services tax
Silicon Valley will be hit by a new digital services tax, expected to raise around £400m a year, in a move Philip Hammond said would ensure the tech giants "pay their fair share towards supporting our public services". The tax will only be paid by companies which are profitable and which generate more than £500m a year in global revenues, the Chancellor announced. He said the tax would be "narrowly targeted" on UK-generated revenues of specific digital platform business models "designed to ensure it is the established tech giants rather than the technology startups which shoulder the burden". Mr Hammond confirmed a report in The Sunday Telegraph that it would not be a tax on sales, saying this was an "important emphasis", but did not elaborate on how the tax will be structured. It is thought the Treasury are considering taxing the advertising revenues of those platform companies, but this could change following a consultation with industry. It will be rolled … [Read more...] about Hammond unveils digital services tax to make tech giants ‘pay their fair share’
The chair of the Digital Culture Media and Sport (DCMS) Committee has called on the UK’s competition watchdog to investigate Facebook amid claims that the company misled advertisers. Damian Collins, who led the parliamentary inquiry into fake news last year, said that the Competition and Markets Authority (CMA) should launch a new probe into Facebook and the issue of advertising on social media sites. His call for action came hours after Facebook was accused of fraud by a group of advertisers in the US, who said that it had knowingly inflated viewing figures for its videos. Facebook said that the claim was without merit and has filed a motion to dismiss the legal action. Mr Collins argued that advertisers rely on “opaque” data given by Facebook to target users that may not exist, and that the investigation in America gives "cause for concern”. “If the number of fake accounts is much larger than they say, yet they are selling … [Read more...] about MP calls for probe into Facebook advertising business