Archive for June, 2012

Hundreds Gather for 5th Sofia Gay Pride

Saturday, June 30th, 2012

Hundreds of people have assembled and started their march in the center of Bulgarian capital Sofia on the Sofia Gay Pride 2012 rally.

Citizens assembled in the park of the Soviet Army monument and have now started their march along the Vasil Levski Blvd.

The rally will return to the park via the Dondukov and Tsar Osvoboditel Blvds.

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Bulgarian PM Slams Incriminating Tageszeitung Material as ‘Idiotic’

Saturday, June 30th, 2012

Bulgarian PM Boyko Borisov has finally spoken out against recent publications linking his past activities to the mafia, labelling them as “lies and idiocies.”

End of May large-circulation German paper Tageszeitung came out with a material claiming that US diplomatic cables linking Borisov with organized crime, as published by Wikileaks, have CIA research as their basis.

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Bulgarian MEP: Financial Transactions Tax Can Bring EU EUR 100 B/ Y

Saturday, June 30th, 2012

If the European Union introduces a tax on financial transactions, that could bring revenue totaling some EUR 100 B per year to the EU budget, said Bulgarian socialist MEP Ivaylo Kalfin.

“Just Bulgaria could benefit with some EUR 250 M per year from the financial transactions tax,” added Kalfin in an interview for the Bulgaria On Air TV channel Saturday.

“The EU is at a crossroads….

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Bulgarian Archaeologists Uncover Part of Ancient Town Underwater

Saturday, June 30th, 2012

A Bulgarian team of archaeologists found a neighborhood of an old Byzantine town underwater near cape Akin in the Bulgarian Black Sea town of Chernomorets.

The team, led by Burgas Regional History Museum vice-director Ivan Hristov, believe that the remains are part of the 6th century Byzantine fortress Krimna.

Chernomorets is located just north of the ancient town and current tourist hub of Sozopol.

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Mohammed Morsi Swears In as Egypt’s New President

Saturday, June 30th, 2012

Muslim Brotherhood’s Mohammed Morsi swore in as Egypt’s first freely elected president at a ceremony in the Constitutional Court in Cairo Saturday.

“I swear in front of the Almighty to protect order in the Republic, to abide by the Constitution and the laws, and to be fully responsible of the people’s interests,” said Morsi.

The Muslim Brotherhood candidate won 51….

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Reading The Good Fail Can Make You Successful

Saturday, June 30th, 2012

The Good FailThe other day I was talking to a friend of mine who is the CEO of a local plastics company.  Somehow the conversation meandered toward the topic of learning from others’ mistakes.  We talked about the blessing that it is to have someone in your life; a parent or business mentor, who openly shares the lessons they’ve learned in their life.  And for those who really pay attention, learning from others’ mistakes can not only save you time and money, but heartaches and relationships.

To that end, I’m recommending my latest summer read —  The Good Fail: Entrepreneurial Lessons from the Rise and Fall of Microworkz.  As those of you who read my reviews know, I’m not always the biggest fan of entrepreneurial war stories (but that’s just me).  When I read a business book, I’m looking for practical advice and actionable strategies.  And this is what makes The Good Fail a book that I really enjoyed.

What’s a Good Fail?

Richard (@icarmagic) defines a “Good Fail” as a “failure that has a learning value that’s greater than the offset collateral damage.”  It’s a failure that one is unlikely to repeat, but that helps to positively develop the person’s managerial style and business acumen.   And Latman has had more than his share.  He’s started 11 different businesses, contributed to many others and stumbled through quite a few.  He’s become rather adept at failing quickly and cheaply, and that is a lesson every entrepreneur needs to have.

When You Fail, It’s Personal

This is Latman’s personal story and he starts it at the very beginning.  He describes his idyllic childhood in the San Fernando Valley and even tells the story of the sudden death of his girlfriend at the age of 13.  Latman’s father was a baseball player turned entrepreneur — who failed a lot.

But Latman was undaunted.  He was always looking for a challenge and didn’t seem to recognize the the boundaries that hold so many of us back from going after our objectives.  But at the same time, his inattention to boundaries was often a mixed blessing.  It was that kind of perseverence that got him into college and it was that same kind of oblivion to boundaries that got him arrested and put in jail for taking VHS videos out of his work environment to watch at home.

Granted, he didn’t “realize” that this was against company policy, but you can already see the pattern of going for it that would ultimately be at the root of the demise of MicroWorkz.

Inside The Big Fail

When you think about it, it seems rather counter intuitive to purchase a book on failure and how to avoid it.  I mean, aren’t we aiming for success? Will focusing on failure and how to avoid it actually put the wheels of the Law of Attraction in motion and draw me toward failure?  Not to worry.  Latman offers advice for “getting good” at failure and the 19 ways to avoid a Good Fail.

Here are just a few of the suggestions:

  • Build it then sell it.  Be ultra-conservative in your sales approach and enter the market completely confident in your product and your ability to deliver it exactly the way you promised it.
  • Surround yourself with hunters and not farmers.  Hunters are proactive in their search for information and opportunities and execute with precision.  Farmers gather and process information buut don’t get much done with it.
  • You are your own worst employee.  If you see yourself as an expert — or THE expert in what you do, then you are actually setting limitations for what’s possible in your business.  This is a variation of “not thought of by me” syndrome.
  • Accept “No” as an answer.  Listen to what’s behind the “No” and don’t just rush in for the sake of doing what you “know” is right.
  • Worry about success.  In the case of MicroWorkz, it was the success and PR exposure that was at the root of their downfall.  They simply couldn’t keep up.

The Good Fail Can Lead to Big Success

I have to admit that I enjoyed reading The Good Fail so much more than I expected.  Remember, I’m not much into biographies and war stories, and while this book had elements of both, Latman really put the focus on the lessons about failure that would really help entrepreneurs learn from his mistakes.

Small business owners, presidents, CEOs and managers will really enjoy this book.  It’s an excellent read for a business trip or a quick summer vacation.

From Small Business Trends

Reading The Good Fail Can Make You Successful

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Bulgaria Goes Ahead with UNESCO Bid for Thracian Kings Valley

Saturday, June 30th, 2012

The Bulgarian government has moved forward a project to develop a proposal for the so-called “Valley of the Thracian Kings” to be included in the list of UNESCO World Heritage Sites.

Bulgarian Minister of Finance Simeon Djankov said that the cabinet has allotted BGN 1.5 M for the project for 2012, during a visit to the town of Kazanlak, located in the valley.

Source

Platini: Euro 2020 Should be Hosted by Entire Europe

Saturday, June 30th, 2012

UEFA president Michel Platini has made the innovative proposal that Euro 2020 be hosted in about a dozen cities across the European continent.

During the last two decades, the UEFA European Football Championship has had a number of tandem hosts: current Euro 2012’s Poland and Ukraine, as well as Euro 2008’s Austria and Switzerland, and Euro 2000’s Belgium and Netherlands.

At present countries who have expressed interest in hosting Euro 2020 are Turkey, as well as tandem Azerbaijan-Georgia, and trio Ireland-Scotland-Wales.

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Millitary Drills Close Bulgaria-Romania Vidin Checkpoint

Saturday, June 30th, 2012

Traffic through the Vidin checkpoint on the Danube river between Romania and Bulgaria has been temporarily closed Saturday due to military drills going on in the area.

The checkpoint will not be operational 12 noon till around 6 pm Saturday, announced Bulgaria’s Border Police.

The national full-scale “Defense 2012″ military drills are under way in the area….

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Clinton: USA to Continue Funding Russian NGOs

Saturday, June 30th, 2012

The USA is resolved to find a new way for funding NGOs in Russia to circumvent currently developed restrictive legislation, according to information by Russian activists.

Saturday Russian paper Kommersant reports that NGO representatives were satisfied with the meeting with US Secretary of State Hillary Clinton who visited St. Petersburg to meet them Friday.

Source

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