BGN Entrepreneur

According to Joseph Chen, chief executive of China’s largest social networking service－－Renren, it is said that the company is looking to make more money from online shopping than advertisements or games in the future. This is why Renren keep investing into the lossmaking sector of Nuomigroup buying unit.
On Friday, this largest operator in China of a Facebook-like service just reported a net profit of $751,000 for the three months to June. The company’s revenues jump to $30.4m for the very first time ever since its IPO in May. However, Renren’s operating costs almost doubled from the same periodin 2010, which was most driven by Nuomi’s marketing and personnel costs.

If are going to rent a vehicle for your road trip, you need to take the insurance into consideration. Car insurance is quite important when you are traveling in a strange place. Different kinds of accident might happen during your trip and the last thing you would like to face is to piling up bills for car accident or charges due to a break-down car. Getting a car insurance in advance help protect you from such kind of financial risks. It could a be very important part of your traveling expense.
However, if you are looking to control your travel budget tight via keeping the insurance costs low, you need to know which insurance package would best suit your own needs. In the past, people usually need to sigh up for an annual insurance package or at least one month deal. Now, they’ve got more options to choose from. A lot of insurance companies are now offering short-term insurance covers, such as daily car insurance. The travelers simply could pay for the days they are using the cars instead of paying for more days than they actually need. It could be of great help for them avoid wasting money on unnecessary insurance covers.

Organizations led by the plural rather than single leaders. Usually, there will be a group of people rather than one person on the position as leaders. Depending on the capability of the leaders, they could be categorized into six groups.

1. Super leaders
Super leaders are quite capable of casting great influence on their team members. Even after they leaving the team or dead, their ideas will continue to guide the working progress in the team.

2. First-class leaders
This type of leaders exist mainly for the purpose to provide mental support to their team workers. They won’t do any things in specific.

3. Second-class leaders
This kind of leaders don’t need to actually get involved in the work as their team members are managed well and will be working quite hard to achieve their target.

4. Third-class leaders
They will get involved in the real work and try to motivate the other team workers to join the work via doing so.

5. Fourth-class leaders
Such kind of leaders won’t try to handle any work by themselves, and team members are forced to do their job pessively. Within the organization, there is too much preaching and little motivation.

6. Fifth-class leaders
Fifth-class leaders will be working hard while their team members have nothing to do at all.

7. Bad leaders
Such kind of leaders are ineffective and inefficient. They have got no idea what they are working for, and sure they’ve got no idea how to do their work in the right way.

The Chicago-based online coupon company–Groupon has given up its controversial accounting measure in a revised prospectus for its IPO and reported both staggering revenue growth and net losses for quarter 2 in 2011.
After filing IPO on Wednesday, the deal-of-day business with 3 years experience in practice was criticized for adopting a metric called as “adjusted consolidated segment operating income”, which excluded costs on online marketing, stock-based compensation and acquisition-related items.
According to the investors and analysts, it is believed that this measure obfuscated Groupon’s actual costs. The US SEC has been taking a routine check of the Groupon’s financial documents.

Marketing your business or yourself can be most successfully done by using business cards. A business card is much more than just a piece of card with your name and title on it. It is a snap-shot of your own identity and helps make a long lasting impression of you in your customers’ mind.
A good business card should not only represent your business, but also tell men and women your professionalism and reliability in the business. So when you are planning to invest in a card, you should always remember to provide key information of your business and your brand identity that should not be ignored or hurried through.
Today, with more and more business cards designing and printing businesses starting to offer tailored solutions online, creating and ordering business cards with online software has become a most convenient way for people to purchase business cards they need. There are hundreds of thousand templates and high quality graphics available in their online galleries for you to choose from. If you are looking for some inspiring ideas to begin from scratch, you could browse through the brilliant designs first. With the help of such online businesses, stylish and colorful business cards can be created at a very low budget within short time.

Mobile instant-messaging services such as BBM are much cheaper than traditional SMS, especially when one is texting abroad, as the messages are delivered over the Internet. These apps now also provide people with extra features, including notifications of delivery, chatting in small groups as well as photo-sharing.
More consumers today are relying on the use of IM, especially outside “bundled” SMS and calling time. The booming market for chat apps are greatly threatening the traditional revenues of mobile operators. According to some analysts, it is concerned that revenues of mobile operaterscould be hit hard as a result.
The popularity of such IM services has already attracted the attention of IT giants like Google and Facebook. To join the trend of developmet on the market, Facebook recently launched a new IM application for smartphones to compete with similar services like WhatsApp and BlackBerry Messenger. Currently, the app is only available in the US. However, it has quickly risen to become the most downloaded app on iPhone in the region. It is expected that this app will soon achieve a greater reach than BBM, KakaoTalk, WhatsApp as well as the as-yet-unlaunched iMessage.

Apple has surpassed oil company Exxon Mobil and became the most valuable business in the US. Apple has become quite powerful ever since the launch of iPhone in 2007.
Apple’s place in the stock market are close to Exxon Mobile and its stock took the lead when Exxon Mobile’s stock was down. Other big-name companies, includding Wal-Mart Stores Inc. and General Electric Co., could not even come close. It is quite likely that Apple will keep the top spot for good. Although Apple’s stock makes less money than Exxon at the current stage, it is expected that the company will keep growing as long as it keeps manufacturing products that meets customers’ needs on the market place.