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Thứ Hai, 25 tháng 7, 2016

What to expect from McDonald's earnings

McDonald's Corp. is scheduled to announce its second-quarter earnings before the market opens on Tuesday. Here's what you need to know:
EARNINGS FORECAST: Net income of $1.39 a share is expected, compared with $1.26 a share a year earlier.
SAME-STORE SALES AND REVENUE FORECAST: Analysts are expecting McDonald's to post a 3.6% increase in global same-store sales for the quarter, with a 3.2% increase in its critical U.S. market. The company is expected to report revenue of $6.3 billion, compared with $6.5 billion a year earlier.
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WHAT TO WATCH:
-- WHAT'S NEXT? McDonald's has gotten a nice boost from its all-day breakfast launch, but that was so 2015. While the company is trying to keep the drumbeat going with an expansion of the all-day breakfast menu, investors are eager to hear what else McDonald's has up its sleeve. The company is testing various things in different markets, including Chicken McNuggets without the artificial preservatives and bigger and smaller Big Macs. A Dallas franchisee's test of Quarter Pounders made with fresh beef has generated the most excitement, because switching to fresh beef could be a game-changer for McDonald's. But franchisees also have expressed concern about the company's ability to pull it off without posing food safety risks and adding too much complexity to a system designed to store frozen food.
-- THE ECONOMY: The restaurant industry is in a slump, with economic uncertainty and terrorist attacks giving consumers the jitters. And with commodities deflation, grocery prices are getting cheaper, but high labor costs have pushed restaurant prices higher. To keep customers coming, McDonald's has to get its value proposition right. It has experimented with various value menus as it has moved away from a dollar menu. Investors will be looking to hear how its 2 for $5 deal has done and whether it has any plans to tweak the price and offerings.
-- DIGITAL: McDonald's has generally been behind other chains when it comes to technological innovation, but it may have scored a win by quickly piggybacking on the Pokémon Go phenomenon. McDonald's Japan last week announced it will soon collaborate with the maker of the popular augmented-reality game in a deal that will make McDonald's restaurants a destination for game-players. Some analysts expect the partnership could extend to other markets, making McDonald's more attractive to the young people it's trying to win back.

Here’s all the money in the world, in one chart

Ever wonder how much money there is in the world?
The answer is complicated, which you might expect, but not because of the difficulty of tallying up all the rather large numbers. Rather, it’s more about which parameters are used to define “money.”
“The amount of money that exists changes depending on how we define it. The more abstract definition of money we use, the higher the number is,” said Jeff Desjardins, an editor of Visual Capitalist, who put together an infographic to answer this question.
For purists, who believe money refers only to currencies such as bank notes, coins, and money deposited in savings or checking accounts, the total is somewhere around $80.9 trillion.
But for those preferring a broader interpretation, including digital currency bitcoin, above-ground gold supply, and funds invested in various financial products like derivatives, the amount is in the quadrillions.
This is what a quadrillion looks like written out: 1,000,000,000,000,000.
Funds invested in derivatives alone total $1.2 quadrillion. In fact, there is more money in derivatives than in all the stock markets combined, which is a comparatively paltry $70 trillion. The U.S. accounts for roughly half of the global market cap thanks to companies like Apple Inc. AAPL, -1.64% Alphabet Inc.GOOGL, -0.63% and Microsoft Corp. MSFT, -0.10%
Investment in commercial real estate, often the most visible symbol of wealth, pales in comparison to stocks or derivatives at $7.6 trillion.
As for money owed by every single person and country in the world, the grand total is $199 trillion, with some 29% of it borrowed since the 2008 financial crisis.
The U.S. is responsible for nearly one-third of that global debt, while Europe follows at 26% and Japan at 20%. China, for all the criticism about its debt-fueled economic growth, owes 6% of the total.
And despite the attention bitcoin has received in recent years as an alternative currency, it clearly has a long way to go. The value of all bitcoin in circulation is estimated at $5 billion, a proverbial drop in the bucket.

The Source Code for Vine was Accidentally Made Public

The source code for Twitter's six-second video app Vine was accidentally revealed online, The Register reports.
A security researcher who goes by the username "avicoder" published a blog post about his discovery. He says that he found a subdomain on Vine's website which led to him discovering Vine's entire source code available for download.
The source code for apps and programs is usually a closely guarded secret as it shows the inner working of exactly how an app functions, and public exposure is a big security risk.
Avicoder reported his finding to Twitter, and it was removed within five minutes. He was later paid a $10,080 bug bounty for finding the code. Twitter declined to comment on this story.

4 Ways CEOs Can Create an Effective PR Strategy

4 Ways CEOs Can Create an Effective PR Strategy
While companies have marketing executives whose sole responsibility is to manage the image of the company in the public -- including earned media and paid advertisement -- a CEO should also be prepared to get involved in this aspect of the company's success.
Successful companies like Apple and Tesla have CEOs who are very apt in taking charge of their companies' PR strategy.
No one knows your company better than you do. This is why Elon Musk doesn't let the dust settle before he chips in on any incorrect press statements regarding any of his companies or products.
As a CEO, how do you ensure that your PR strategy is effective, and doesn't cause unwarranted catastrophe for your company? The following are ways CEOs can help their companies maintain an effective PR strategy.

1. Be involved in the process.

One mistake many CEOs make when it comes to executing PR for their company is going MIA in the critical stages of their company's PR strategy. Being involved in the very early stages can help ensure that the framework on which your company's PR strategy is formed reflects your company as an industry leader.
Aside from dedicating a competent person to take charge of your PR strategy, getting involved will ensure your strategy is effective and wins you good publicity. As the CEO, you can be active in your company's PR by reviewing the template your marketing executive has designed to help your company get the right attention. Noting the areas you think there can be improvements will ensure that the right attention is drawn to your company in the press.
While a hands-off approach gives the marketing executive a sense of control over their role in the business, the presence of the CEO in the planning stages will stimulate a successful campaign.

2. Let your voice be heard.

Establishing yourself as an authority in the industry is a must for every CEO. An effective PR strategy will always take care of this. Your strategy should be designed so that any media attention your company gets enables the CEO to demonstrate their thought-leadership.

As a digital PR professional myself, I encourage my clients to always let their expertise show through contributions and sources when we manage their digital PR. CEOs should also learn to become familiar voices in their industry.
When I work with companies to create digital PR, I design campaigns that allow the top executive(s) of the company to be the first point of discussion. This is very important. This ensures that not only is the company being projected positively, but the CEO is also building a strong reputation as well.

3. Create your media.

Owned media is a powerful PR asset. Relying on earned media or PR to demonstrate your thought-leadership is not 100 percent foolproof. Apart from the fact that earning media attention takes a lot of hard-work and will often cost you a lot, owned media is the only way to truly project your company the way you want it to be perceived.
An important role owned media -- such as your company blog -- can play in helping you drive effective PR campaign is to create more awareness about your internal operations. Media representatives and PR companies can rely on your company's blog or website to better understand what your company is all about. This is especially important for startups that need to direct the focus of their audience.

4. Involve experienced professionals.

When your company is in the early stages, getting the attention of the media can be tough. Hiring a PR agency can be costly, but you might be left with no other option at this stage. Letting an experienced professional PR company handle your PR when your budget cannot accommodate an in-house team will take a lot of weight off your shoulders.
Most PR agencies already have existing connections with the press and can leverage this relationship to help your company gain more publicity. This will eventually pay for the cost involved in using their services.

Why It's Only the Top of the First Inning for Entrepreneurs

While Brian Halligan was helping venture-backed startups with their go-to-market strategy, they started to notice something curious: Customers had gotten really good at blocking out interruptive marketing and sales tactics. The tried and true tactics of old (direct mail, email blasts, cold calls) simply weren’t effective anymore.
Conditioning to ignore advertising has only gotten worse since then. Look at how noisy and ineffective Twitter has become. Ad blocking software on computers and mobile is the norm; DVRs skip commercials; does anyone click on Google Adwords' sponsored links? The list goes on.
There's still plenty of time and space for traditional advertising. After all, if you have money, it's the quickest way to buy attention. Social media mogul Gary Vaynerchuk has often said, "Traditional advertising isn't dead per se, it's just overpriced." But if you don't have much budget, inbound marketing, a term most give Halligan credit for coining, is the arguably more effective alternative.
Halligan met Dharmesh Shah as a graduate student at MIT in 2004. During the early development years, Shah’s blog OnStartups was seeing massive growth in traffic. They'll admit, “We were surprised. How had this tiny blog with no budget generated more traffic than companies with professional marketing teams and way bigger budgets?” They said it felt like a modern-day David versus Goliath.
So after many meetings, coffee and the occasional Belgian beer (a shared favorite of theirs) they came to the simple observation:
“People don’t want to be interrupted by marketers or harassed by salespeople. They want to be helped.”
Halligan and Shah realized it was time to make the marketing and sales process human. Time to treat buyers like people, not numbers on a spreadsheet. Time to build an inbound community and help people achieve their business goals in a more personable, empathetic way. They called it HubSpot. 
The company grew from $255,000 in revenues in 2007, the year the software was released, to $15.6 million in 2010, according to Boston Business Journal. It started out targeting companies of one to 10 employees, but "moved steadily upmarket to serve larger businesses of up to 1,000 employees," according to Forbes.
HubSpot filed for an initial public offering with the Securities and Exchange Commission on August 25, 2014, for listing on the New York Stock Exchange under the ticker symbol HUBS.
Click play on this episode of Behind the Brand to hear more from Halligan about the implications of technology on marketing.


The Ecommerce Marketer's Guide to Improving Search Rankings

Based on data, organic search traffic is clearly one of the largest referral sources for most websites. There are more than 100 billionsearches each month on Google alone, for example, and that works out to an average 2.3 million searches per second.
A certain share of those searches can be traced back to consumers looking to make a purchase or seeking information to help them complete a purchase.
Justin Butlion of Yotpo has described research he's conducted to uncover how much organic traffic the average ecommerce business receives. "When I analyzed the traffic sources of the 18,000-plus stores in Yotpo's database, I noticed that 30.5 percent of all traffic was coming from organic search on Google, Bing, Yahoo and other search engines," Butlion wrote on the Kissmetrics Blog.
"There is a constant debate going on regarding the relevance of SEO for online businesses, but 30 percent is significant, so it still needs to be a focus for any online business owner."
If organic search can account for fully a third of your revenue, if not more, what can you do to grow that?
Search optimization is a deep ocean, but here are some core areas where you can take action right now to improve your organic search visibility and win over a greater share of those 100 billion-plus monthly searches.

1. Craft unique, optimized descriptions.

Don't settle on default product descriptions generated by the manufacturer. While this makes the process of uploading content easy, it's considered duplicate content, which makes it next to impossible to improve search rank for category and product pages.
Increase your odds for better visibility by crafting unique product descriptions optimized for keywords related to the product and how customers will use it. Make sure you include the value proposition and impactful benefit statements, which can help increase visitor-to-customer conversions.
"Value proposition is the number one thing that determines whether people will bother reading more about your product or hit the back button," wrote Peep Laja, founder of ConversionXL, for his book, How to Build Websites That Sell.

2. Don't forget about image optimization.

Images and photos should be optimized with targeted keywords. For products, keywords should be specific to the product name, make or model and manufacturer.
Image optimization includes the image name or file name as well as the alt tag associated with the image. Depending on the design and layout of your store, you might also consider optimizing brief image descriptions for each product photo.
In a post for Search Engine Journal, Jean Dion wrote, "That file name is part of the data Google examines and, in the absence of other valuable data, that file name might be used as the image's snippet in search results."
These actions can help your images appear in relevant image searches, which can drive additional organic traffic back to your product pages.
Related: Why Local SEO Is About to Become Even More Important

3. Create valuable content in different formats.

Content marketing is widely considered to be one of the fastest and most reliable ways to build organic traffic for any website, including ecommerce sites. But it can't be just any kind of content. In order to gain referral and follow-through traffic, and get those readers into your funnel, you need to provide significant value.
While high-value, 10x content on a blog is a good starting point for organic traffic, you also want to engage your audience on different fronts. Here are some ways you can leverage great content everywhere to build visibility and referral traffic:
  • Use videos on your site, and product pages, but also host those videos on sites like YouTube and Vimeo.
  • Create interesting and engaging photos that can be shared on social platforms, or put up/shared on Pinterest.
  • Source content from your audience, including testimonials, stories, pictures of products in use and even customer videos to improve trust and social proof.
  • Guest blog and then promote your content, using services likeQuuu.co and Notifier, to increase social reach and referral traffic.
As Content Marketing Institute founder Joe Pulizzi says, "If we only talk about ourselves, we'll never reach customers."

4. Set up your analytics.

Make sure you've set up Google Analytics and that you're checking your metrics. Watch for referral traffic sources you can leverage and monitor to ascertain where traffic is landing. This shines a light on content you can repurpose to improve organic visibility and traffic.
Your demographic and cohort reports will also provide insight into your audience so you can better understand how to craft your content, understand what they're looking for and determine the type of searches they might be doing to find products like yours.

5. Ensure your site is mobile-friendly.

In 2015, Google released an update designed to give mobile-friendly sites a boost in search results. Those sites not optimized for mobile use saw small-to-significant drops in search visibility.
Having a mobile-friendly site doesn't just impact search visibility.Thirty percent of mobile shoppers abandon a transaction if the experience isn't optimized for mobile. So, update your mobile experience. Otherwise, you stand to lose a significant amount of revenue.
Related: SEO Is Now 'Search Experience Optimization'
Google provides a testing tool to help you ensure your site has a mobile-friendly design.

Think You Have What It Takes to Make Our Top Company Cultures List?

Entrepreneur, along with CultureIQ, a culture engagement platform, is excited to announce our second-annual Top Company Cultures list, a ranking of high-performance cultures.
We are looking for companies that strive to be their very best by encouraging employees to take their career to the next level, fostering innovation, surpassing expectations and getting results.
The list defines a high-performance culture in relation to 10 qualities including innovation, communication, support and agility. (Here is afull list of all the qualities.)
Those companies that make our list not only receive validation for their standout culture but also many other benefits. The accolade can be used as a tool to recruit top talent, build brand awareness and boost morale. Plus, your business will also be part of the exclusiveEntrepreneur community. Your company will be associated with the largest entrepreneurial platform of its kind, and may have the opportunity to be featured in follow-up posts and contribute to the online publication.
Last year, the companies featured on our list spanned 23 states and represented an array of industries including publishing, healthcare and technology. The winners were Elite SEM, a digital marketing agency, for our large-company category; Bounce Exchange, a company that provides behavioral-automation software, for our midsize category and church-staffing company Vanderbloemen Search Group for our small-company category. Other notable companies included MailChimp, HubSpot and Anytime Fitness corporate.
"FlexJobs was so honored to be recognized as a Top Company Culture. It was a great boost to our team and total validation that our efforts are being received with as much intention and care in which we mean them, says FlexJob's Carol Cochran, the director of people and culture. "Most of our leadership team added the award to our signature lines in order to let everyone know how awesome our environment is!"
The submission is completely free, and all participating companies will receive a complimentary overview of how your company scores across the 10 culture qualities (Here is the full methodology). You also have the opportunity to upgrade with CultureIQ to receive your detailed survey results and employee comments. (This will not affect your scoring or ranking).
Requirements:
  • Company must have at least 25 employees
  • Company must have been founded before Jan. 1, 2015
  • Company must be headquartered in the United States (If you are a global company, we will only survey your U.S. employees)
  • Primary contact must use the company's email address to sign up
  • *Franchises should only count and survey their corporate employees
The last day to apply for the list is Sept. 5 and the list will be published on Nov. 1.

This 19-Year-Old Aims to Stop Bullying With an Anonymous Smartphone App

Brandon Boynton contemplated ending his life when he was 14. He’d been physically and mentally tormented by bullies throughout the eighth grade, in person and online, and he worried he couldn’t take one more dig.
“I was a weird kid in middle school,” the Pendleton, Ind., native, now 19, tells Entrepreneur. “I looked weird, I sounded weird. I was really shy and scared of everyone, right up until I started to come out of my shell and decided to run for class president. I was like, ‘Hey, this could be a new me.’”
Pushing down feelings of “self-doubt,” he swallowed his fears and taped up election campaign posters all around his school. “They ended up in urinals, torn up all over the ground,” he says. “People wrote mean, hurtful things all over them. I was proud that I went out of my comfort zone to put them up, but, what they did, it just tore me up and upset me, to put it lightly. I wanted to see the people who did it punished, not in an evil way, but just in a way that would address their behavior and make it stop.”
From that day forward, Boynton’s eighth-grade year, which he describes as his “most miserable ever,” only got worse. His bullies became crueler and grew in number, as rumors spread that he’d snitched on them by name to administrators. It was true. He did, via his school’s anonymous bullying incident reporting system. (He didn’t tell his parents until much later.) In the short term, he came to regret it, even if it was “the right thing” to do.  
“I experienced verbal, social, emotional and physical torment,” he recently wrote in a deeply personal Surety Bonds small business scholarship essay. “Overtime, these experiences had a profound impact on my feelings of self-worth. My confidence had been destroyed and thoughts of suicide began to creep into my daily thoughts.”

Removing stigma from asking for help.

The incident reporting system at Boynton’s middle school was no more than a box on the wall. Many U.S. schools situate these types of “bully boxes” around their campuses to encourage students to anonymously report bullying -- without their names, but with the names of their aggressors -- ideally so they can feel safe coming forward and avoid retaliation. “We had one on the wall of one of the most populated areas of the school,” he says, “but kids made fun of it, and it had a lot of negative social stigma around it.”
Boynton slipped in a note describing his situation. But he didn’t feel it was as effective as could’ve been, had it been better implemented in a more modern and tech-related way.
Meanwhile, his parents, Chad, a law enforcement officer, and Tonya, a fourth-grade teacher, encouraged their son to channel his emotions from that “extremely dark period” in his life into uplifting, confidence-building pursuits. After exploring mobile app development for more than a year, and with his parents’ love and support, he found the strength to combine his two biggest passions -- helping others and writing code -- into a business.
Two years later, Boynton did just that. In 2013, when he was 16, he founded MostBeastlyStudios LLC, the rising, Indianapolis-based mobile app startup behind The BullyBox, the bullying prevention and anonymous reporting app that he launched shortly after. He is now the nascent company’s CEO and lead developer, heading up a remote team of five 1099/W6 subcontractor developers. Their mission: Build “apps that make a difference. Not games. Apps that improve lives.”
On top of alerting school officials to student reports of alleged physical, verbal, cyber and emotional bullying, The BullyBox provides students with a safe, anonymous outlet to tip teachers and administrators off to a host of other serious school safety concerns. Among them are weapons-, drug- and fight-related threats and incidents.
Related: This 17-Year-Old Fought Back Bullying By Starting a Company to Unite Teens
“I figured I’d spin school bully boxes in a positive way that people would be more likely to take seriously and use,” he says. His hunch proved right. Many people have made use of his innovative take on the bully box concept. Some 100,000 students in 22 U.S. states, and in New Zealand, Spain, France and the United Kingdom, are currently using the app.

Where passion meets community support.

The BullyBox was not Boynton’s first attempt at channeling a technical hobby into career. “I thought that I was going to be a YouTube sensation,” he says. “I saved up my money to for video editing software and I got really into it, running around shooting my friends with Nerf guns and videoing it. It was fun, but, looking back, the videos were the cheesiest, worst things that I’ve ever done.”
Boynton wasn’t the only one to think that, which he found out one embarrassing afternoon at school. He’d posted a school project video on his YouTube channel and stood before his entire class to present it. When the clip finished, one of his goofy Nerf battle videos auto-played. It was too late. The damage was done.  
“From then on, people made fun of me, commenting on YouTube and at school about how cheesy and stupid my videos were and how stupid I was, and it hurt because I put a lot of time and money and effort into my videos. I thought I was going to make it big, and I really put myself out there and got rejected.”
Things have changed since then. On July 1, 2015, while Boynton was still a one-man shop and a senior in high school, he overhauled The BullyBox and released an updated version. He credits this accomplishment -- no small one for a time-strapped student, fitness fanatic and member of the school band -- partly to his parents cheering him on and partly to his enrollment in the Young Entrepreneurs Academy (YEA).
In case you’re not familiar with YEA, it’s a nationwide nonprofit initiative that aims to mold students in grades six through 12 into “real, confident entrepreneurs.” The year-long classroom program, offered by Boynton’s local chamber of commerce, teaches aspiring kidpreneurs to “generate business ideas, conduct market research, write business plans, pitch to a panel of investors and launch their very own companies,” per its website. Some of the successful young entrepreneurs we’ve previously reported on at Entrepreneur are also YEA graduates.
Today, there are two versions of The BullyBox: the free version for iOSand Android and the paid premium version, The BullyBox Pro, which costs schools $499 per year per school building and is free for enrolled students to use. The Pro version includes data analytics reporting and enables students to attach photographic “evidence” to reports. Additionally offered with the premium version are warning phone calls to school administrators. The calls are automatically generated when certain keywords, such as “gun,” “kill,” and “bomb” appear in student BullyBox reports. Both versions of the app must be adopted by participating schools via online registration in order for students to use them.
To Boynton, and to many other victims of bullying, The BullyBox is more than a mere reporting tool. It’s an instrument for empowerment and healing, he says. “It gives those being victimized by bullies a voice, the ability to be empowered ‘up-standers,’ instead of powerless bystanders, without catching a bunch of negative flack for speaking out.”
His inspiring anti-bullying creation isn’t his only successful mobile app. The Curfew Buddy is one of several other helpful apps he’s coded and launched through MostBeastlyStudios on the heels of The BullyBox.
The idea for The Curfew Buddy, which Boynton entered into a recentCongressional App Challenge put on by the U.S. House of Representatives, occurred to him one night after his parents punished him. They grounded him for forgetting to text them them when he’d arrived at the movies. “I thought, ‘What if there was an app where you just put a pin down where you’re going to go?’” he recalled during a live televised interview on CNBC. “The app will text your parents when you get there, it’ll text your parents when you leave and it’ll also text them when you get home.” Another common teen problem, solved.  
Like most entrepreneurs, seasoned and not, one of the problems Boynton consistently faces while managing his business is how to effectively juggle competing priorities, personal and professional. Both spheres overlap daily as a result. “I do my work-work during study period at school sometimes and my schoolwork when I should be working,” he says. “Like any startup CEO, I wear a lot of hats, only I squeeze in business meetings after school and I have to know when closing a sale is more important than a calculus assignment. It sucks, but sometimes it’s worth not scoring a good grade to score a big sale.”
On the cusp of adulthood, Boynton says while he appreciates the catchiness of buzzwords like “kidpreneur” and “teenpreneur,” he prefers to identify himself as social entrepreneur. Furthering his mission to inspire positive change in the world, when he’s not busy running his startup, he travels the country delivering speeches that encourage kids to turn their ideas into businesses that address social, cultural and environmental problems. He also makes time to visit schools to discuss bullying and how to help stop it. Additionally, as a spokesperson for YEA, he mentors program participants on how to successfully balance academics and entrepreneurship, a tricky tightrope walk that isn’t always easy for him. Or for his friends and girlfriend.
“Overall, my friends are supportive, but they can get a little annoyed with all the business meetings and commitments that take me away from socializing,” he says. Nearly missing his senior prom is a prime example. Two days before the milestone dance, often considered an American rite of passage, Boynton received a call from an event organizer asking him to speak at a conference -- 568 miles away in Rochester, N.Y.
“I frantically searched for flights that could get me there and back in time before prom, but none of them could,” he recalls, laughing. “So I ended up getting a rental car and driving up there the night before the event, all night. I got to Rochester around 1:30 in the morning, spoke at the conference the next day around 7 in the morning, slept for a minute, left that night and then drove eight hours back to the prom. I just made it and went to that half-asleep. Then post-prom went until 3 a.m. I got home around 4 a.m. It was exhausting.”
Such is the hectic life of a young entrepreneur, racing in different directions at all hours, but at least his girlfriend wasn’t mad at him. “Thankfully she’s very understanding, but I don’t think she would’ve been if I’d missed prom. That might’ve been bad.”
Up next for Boynton, already in the thick of the 24/7 entrepreneurial grind, is yet more work-life balancing, likely even more intensely than before. He graduated from high school in May of this year, and this fall, he’ll be busy pursuing both tech and business degrees at Indiana University-Purdue University Indianapolis. “Hey, I figured going into business for myself wouldn’t hurt when applying for college scholarships,” he admits. Once again, Boynton’s hunch was right. The university offered him “very close to a full ride.” To top it off, the Lilly Endowment, Inc. foundation also awarded him a four-year, full-tuition college scholarship.
Good guys don’t always finish last. Boynton didn’t. He’s going to college for free, room and board included. Still, he says he won’t be talking up his scholarships or startup success on campus, citing concerns about being harshly judged by his peers again.
“I’ll try and keep it on the down-low,” he says, “because it’ll just lead to people not wanting to associate with me or thinking differently of me, and I don’t want that.”
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4 Reasons Why Smart Companies Are Going Remote

As someone who loves and is lucky to live near the ocean, I enjoy occasionally working remotely near the beach, with a cup of coffee and a laptop, enveloped in the soft sounds and cool breeze of the ocean. Fortunately, improvements in technology and new business mindsets have made it possible to do so much more often.
In fact, 38 percent of U.S. workers currently work as freelancers and that number is estimated to grow to 50 percent by 2020. Not only is it more convenient, there are also examples of ex-corporate professionals who make twice as much freelancing.
This trend is not only for ambitious individual freelancers. Many large and innovative companies are also adopting remote work strategies. BaseCamp, Upworthy and Buffer, just to name a few, nowallow employees to work from anywhere.
Related: We're Turning Into a Freelance Nation. Here's What That Looks Like
The reason for this shift is that working remotely (anywhere outside the office) can actually offer a myriad of benefits. For companies, working remotely can help reduce costs, increase productivity, and boost employee well-being. For workers, the option to avoid stifling commutes, bland cubicles and ineffective meetings are becoming much more attractive and preferred by young employees.
Additionally, working remotely offers employees the opportunity to achieve work-life integration rather than just work-life balance.
If you need more evidence, consider these four reasons why many smart companies continue to go remote.

1. Happier and more productive employees

A study from TINYpulse demonstrated that remote workers are increasingly happy in their work because of the freedom and flexibility that working remotely offers. The study also showed that remote workers feel more valued and an overwhelming 91 percent felt more productive overall.
The study also showed that workers appreciated having the choice between working remotely and reporting to an office, which empowered them to achieve work-life integration and ultimately perform better for the company.

2. Recruit and retain top talent

High performers get work done wherever they are, so offering your best talent the ability to better meet family obligations, fuel creativity and spur productivity by working remotely is a benefit that helps both them and you.
Related: The Freelance Economy Is Booming. But Is It Good Business?
Additionally, a study on remote workers in China found that high-performers were more likely to stay at companies that offered remote positions and when employees were allowed to integrate the benefits of remote work into their work day, overall performance actually improved.
Lastly, companies that hire remote workers open opportunities to find top talent from a broader global talent pool. Tech talent in particular crosses borders at growing rates as innovative companies take full advantage of the global market.

3. Promote healthier workers and bottom-line.

For employees, remote work can significantly enhance personal healthwith the right routines and balance. Remote workers have more time and freedom to exercise regularly, eat healthy meals at home and take "recharge" breaks from work when needed. All of these benefits are vital to physical and mental health and help employees be happier and more productive.
Allowing employees to work remotely also has significant benefits for the environment. Research by Global Workforce Analytics estimatesthat if employees with a remote-compatible job worked remotely at least half the time, society could save annually:
  • $20 million in gas
  • 54 million tons of greenhouse gas emissions (equivalent to taking almost 10 million cars off the road for a year)
  • 640 million barrels of oil (worth $64 billion)
  • 119 billion miles of highway driving
Furthermore, research from Nielsen indicates that 55 percent of globalonline consumers are willing to pay more for products and services from companies with a positive environmental impact. This means that going green (through remote work) could actually result in a net-positive impact to the bottom line.

4. Create superior long-term business performance.

Many top tech companies have already made the shift to allowing remote workers, including Automattic, Mozilla and Toptal, just to name a few. According to Toptal’s website, employees are "recognized for what you do, not your time in a chair."  
Related: Federal Government Hopes to Get a Grasp on the Sharing Economy
For these companies, a remote work strategy is more than just about making employees happy or improving the bottom line today. It is about creating a sustainable and long-term strategy through a cohesive high-performance culture.
Jerry Porras, Professor of Organizational Behavior at Stanford, found through his research that superior long-term business performancecomes from tightly integrated, values-driven teams. While it is never easy, these companies are figuring out ways to stitch together remote workforces that embody the principles outlined in Porras’s research.  
While keeping remote teams cohesive is not simple, many businesses are rising to the challenge. Companies are deploying remote work methods like streamlined team communication, retreats, and video chat. Others are encouraging the use of and even creating their owncoworking spaces, which allows for the commingling of talented professionals to meet, network and ultimately benefit from increased collaboration.
As technology continues to improve and the "remote work revolution" continues to evolve, the top performing companies will continue to find that balancing remote work strategies with a well executed business culture will keep them ahead of the competition.
 
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