Why You Need a Mirror, Not a Mentor

Why You Need a Mirror, Not a Mentor

For years, you’ve heard the phrase “in [your field] industry, it’s all about who you know.” Author Todd Henry has dedicated his life’s work to outlining strategies for engaging people you trust to help you stay on track with your goals. Here are 5 key points he emphasizes in his new book, Die Empty:

1. Just as a mirror allows you to see your true appearance, it’s important to have other people in your life to help you stay aligned and see what’s truly important

2. Identify a few people who: you trust and respect, speak the truth to you about what they see and have a genuine concern for your interests (and not their own)

3. Get together with your mirror once a week to find out how well you’re doing and where you may be falling short of your intentions, then share your goals and ambitions and ask them to always hold you accountable

4. Be the other person’s mirror; give complete honesty to receive it

5. Having a mirror in your life can help you hone your intuition and keep your focus, time and energy in the right place

Source: Entrepreneur

Clinkle: Advanced Mobile Payments Technology

Clinkle

For a company that’s received one of the largest funding rounds for a seed deal ever ($25 million), we sure don’t know a lot about Clinkle. All we do know is that the payments product is on a mission to create a mobile wallet that requires no special hardware on the phone (no NFC chip) nor at the point-of-sale – just software. In June 2013 Clinkle’s initial round of funding made headlines, and now it’s doing it again for its investment deal with Sir Richard Branson (founder of Virgin Group). Add him to their long list of investors: Andreessen Horowitz, Peter Thiel, Diane Greene, Jim Breyer, Marc Benioff and Owen Van Natta. High-rollers are jumping all over this product, but why? The most the founder and CEO (22-year-old Stanford-dropout Lucas Duplan) has revealed is in a video, but even that doesn’t tell us much. Here are 5 things we do know:

1. We found this website with screenshots of the software

2. It’s available now in the app store, but all the app does is prompt you to join the waitlist

3. Duplan claims to have over 100,000 people already waiting

4. When he quit Stanford, Duplan recruited 70 of his classmates to join the Clinkle staff

5. The company plans to build its user base from colleges first, then the general public

Time will tell if this product lives up to its hype, and revolutionizes the mobile payments industry.

Sources: CNET, Gigaom

Payze at The European Summit and Oktoberfest

Oktoberfest 2013

For the next week we will be networking in Budapest and Munich at The European Summit & Oktoberfest, while enjoying the best beer in the world! Find out how to register.

‘Breaking Bad’ Auction

Breaking Bad Auction

Get your wallets ready! In an effort to dispose of Breaking Bad props and costumes systematically and profitably, the studio is selling every object imaginable from the show. From Hector ‘Tio’ Salamanca’s wheelchair to Los Pollos Hermanos employee name tags, fans can begin bidding on the items on Sunday, 9/29 (the day of the season finale) 12PM PDT on cinema auction website ScreenBid. The auction will last until 10/7 12PM PDT. You can see all the items here.

Payze at Webmaster Access and XBIZ EU

Webmaster Access XBIZ EU 2013

Payze will be attending the biggest webmaster shows in Europe, Webmaster Access in Amsterdam, then XBIZ EU in London a few days later. With a schedule of educational and networking events ahead of us, we’ll be hanging out with colleagues and learning more so that we can better serve you. If you’re planning on attending, find us! Read more ›

All the Financial Advice You’ll Ever Need on a 4×6 Index Card

Financial Index Card

After speaking with personal finance expert Helaine Olen, social scientist Harold Pollack wrote down everything you need to know about how to manage your money on the 4×6 index card above. Follow these principles and you’ll be in much, much, much better shape than most Americans — or most anyone.

Source: Washington Post

Chris Rodger Joins Payze.com as Director of Sales

Chris Rodger Joins Payze.com as Director of Sales

We’re happy to announce Chris Rodger has joined our team here at Payze. With his extensive background in the industry and experience with billing, we believe Director of Sales is the perfect fit. Read more ›

How Apple’s TouchID Will Affect the Future of Mobile Payments

Apple Touch ID

Apple has been a purveyor of phenomenons such as the multi-touch display, bundled data plans, FaceTime and now Touch ID. The newly introduced iPhone 5S includes the latter – a sensor embedded into the home button that unlocks the device by scanning the user’s fingerprint, and also supports one-click iTunes purchases. The fingerprint is stored on the device, never backed up to the cloud and never shared with apps from third parties, ensuring security for each user.

Knowing all this, will Apple incorporate payment processing in the future? For one thing, they won’t incorporate NFC anytime soon:

On why the iPhone 5 doesn’t have NFC, Phil Schiller (Senior Vice President of Worldwide Marketing at Apple, Inc.) told AllThingsD, “It’s not clear that NFC is the solution to any current problem” and “Passbook does the kinds of things customers need today.” Schiller has every right to call NFC a nascent feature that has yet to have a ubiquitous presence — just ask Google how its Google Wallet program is doing. (Hint: Not as well as Google had hoped.)

But perhaps the mobile payment technology we’re expecting (mobile wallet) isn’t what we’ll be presented with in iOS 8. According to experts on mobile payments technology, Apple is working on technology that would let your phone talk to the cash register while it is still in your pocket, a sort of in-store communication architecture. But first we need reliability, then if banks and financial services want to accelerate their mobile rollouts and invest in the equipment, everyone will follow suit.

Sources: Fierce Mobile Content, BGR, Taking Charge

Why You Should Cherish ‘Bread and Butter’ Clients

Why You Should Cherish 'Bread and Butter' Clients

When we first open a business, keeping up appearances is easy – showing gratitude and appreciation for clients who get us off to a great start requires no effort at all, and is pretty genuine. But when we begin to grow, we can lose sight of what or who is really important, and taking that for granted can hinder our business from propelling toward success.

Such is the case with Andrew, who wrote to entrepreneur Steve Strauss (founder of The Self Employed) asking why big companies tend to forget how loyal you’ve been when they make it big, and even go as far as to no longer acknowledge you, and in turn lose your business. Steve offers sound advice when he explains even he doesn’t understand, but it’s absolutely wrong to do so.

Here are 7 important takeaways from this Q+A:

1. Some entrepreneurs forget where they [come] from, and that can be a huge mistake.

2. Good and loyal customers are gold.

3. Taking your best customers for granted is business malpractice.

4. [Always remember the] 80-20 Rule: 20% of your customers create 80% of your income, buzz, etc.

5. What is important is that you not forget who got you to where you are, and that your best, most loyal customers know that you appreciate their allegiance [because] they are the ones who keep you in business.

6. Sam Walton got it right: “There is only one boss. The customer. And he can fire everybody in the company from the chairman on down, simply by spending his money somewhere else.”

7. Gandhi also got it right: “A customer is the most important visitor on our premises.”

Source: USA TODAY

2013 NFL Kickoff

We’re as passionate about your business as we are about the first game of the NFL season! After the jump you’ll find a less-financial post containing a printable full season schedule. Enjoy the game tonight! Read more ›

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The Payze blog brings you world financial news and company updates from our leading e-commerce platform, along with tips, tricks and strategies for your business and personal finances.