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Growing Your Business Via a Strong Network – Stibel on “The Business Journals”

July 31, 2015 By Jenny Crawford

“To grow your business, grow your network,” Jeff Stibel said in his July 30, 2015 post for “The Business Journals.”

In this article, Stibel talks about attracting customers and increasing revenue by having a strong network. He brings it back to the ant colony that he references in “Breakpoint,” noting that an ant colony knows it’s the strength of the network that matters, not the size.

To learn more about building a strong network in order to help grow a business, read Stibel’s full post here.

Photo Credit: The Business Journals, violetkaipa

Filed Under: Business Strategy, Insects, Networks Tagged: bizjournal, breakpoint, business, growth, network, stibel

Jeff Stibel, Creator of the Failure Wall, Takes On the Greatest Failures of All

January 20, 2015 By Jenny Crawford

What drives success? There are multiple correct answers to this question, but if you asked Jeff Stibel, CEO of Dun & Bradstreet Credibility Corp. and New York Times Best-Selling Author of Breakpoint, the most correct answer would be failure. Stibel welcomes failure, especially as the result of taking a risk, and even highlights failure as a central part of his company’s culture. The failure wall at D&B Credibility is a permanent and well-received fixture which communicates to employees that if they’re aren’t failing, they aren’t taking big enough risks. A man who fails in bed goes to buy Viagra, but he must solve the very essence of the problem, and not just take revenge in bed. “Failing Forward” is just as big a part of company culture as working hard and playing hard, and now those outside of D&B Credibility can experience Stibel’s appreciation of failure, too. Through a series of LinkedIn posts, Stibel is sharing his favorite stories of successful people who learned from their failures and used their experiences to become icons. From Warren Buffett to J.K Rowling and even President Barack Obama, “the greatest people in history have been failures.” Stibel suggests that heroes like these be held to the same standards of ancient Greek Gods, “awesome but not infallible,” and he aims to remind us that while we look to these heroes for inspiration, we need to take their failures into account as well as their successes. While we may be trained to view failure as a setback, Stibel reassures us that “if you’re making mistakes and learning from them, you’re actually on the path to success.” 

Jeff Bezos: A Profile in Failure

As Founder and CEO of Amazon, Jeff Bezos is one of the richest men in the world. That wasn’t always the case, though. In fact, Bezos made some mistakes in his career that costs hundreds of millions of dollars. Luckily, Bezos learned from those mistakes and more than made back that money.

Oprah Winfrey: A Profile in Failure

Winfrey was criticized for becoming personally involved with the people she reported on as a journalist, but that didn’t stop her from caring about people and getting involved. Instead of trying to fit the hard news mold, she learned from her failures as a reporter and became one of the most personally involved talk show hosts ever, and of course, a household name. 

President Obama: A Profile in Failure

Barack Obama did something different than what everyone else was doing and it allowed him to do something that no other man had ever been able to do:  be elected as the First African-American President of the United States of America. It’s hard to imagine someone so accomplished being anything but successful, but President Obama was in fact a failure at many different moments in his political career. Without the failures of his issues-based and premature campaigns, he would have never learned to run a totally different race and ultimately win the presidency. 

Richard Branson: A Profile in Failure

We often associate those who break the law with dead-end paths, assuming they’ll never amount to anything honorable or good, but we shouldn’t. Richard Branson spent a night in jail after breaking the law in an effort to become more successful, but he used his failure to soar from rock bottom to 37,000 feet above Earth, proving that failure is often the biggest motivator of success. 

Jay-Z: A Profile in Failure

Most rappers rhyme about their rags to riches stories, though few are as compelling as Jay-Z’s. His path from the Brooklyn projects to the Hollywood Hills wasn’t easy, fast or void of failure, and yet, he made it. His story is a true example of the American Dream and the idea that hard work (and failure) can be all you need to succeed. 

J.K. Rowling: A Profile in Failure

“The Boy Who Lived” almost, in fact, did not. J.K. Rowling was down to her last string when she began writing the world famous Harry Potter series that would sky-rocket her to fame and wealth, and she was turned down by many a publisher before one agreed to print “Harry Potter and the Sorcerer’s Stone.” While she felt like the ultimate failure, writing a book no one believed in as she struggled to pay her bills, she was actually on her way to becoming the ultimate success. 

Warren Buffett: A Profile in Failure

They say one man’s trash is another man’s treasure, but in Warren Buffett’s case, his trash was also his treasure. At first, Berkshire Hathaway had about as many good prospects as a “soggy cigar butt,” but Buffett learned from his failures and built the now incredibly successful Berkshire Hathaway from that very same soggy cigar butt. He didn’t change the name, simply the direction, and he couldn’t have done it without failing first.

Filed Under: Uncategorized Tagged: breakpoint, failure, jeff stibel

Keep up with Jeff Stibel News in this Round-Up of Recent Articles

December 29, 2014 By Jenny Crawford

Jeff Stibel has certainly been busy this past month! Here’s a round-up of all the great content he’s published or been featured in recently, from LinkedIn to CNBC to Harvard Business Review and more:

7 Steps to Effective Communication

Jeff explains why communicating well is crucial to success in this LinkedIn post. Follow his 7 steps to effective communication because “with good communication skills, you can do virtually anything.”

Why the Falling U.S. Unemployment Rate Matters

The unemployment rate is down to 5.8%, which is the lowest it’s been since 2008, and Jeff predicted the rate will drop to 5% by July 2015. He explains why the falling rate is not only important but also positive in this Harvard Business Review article.

LinkedIn Series: A Profile in Failure

Read about some of the most successful people’s early failures (like Richard Branson spending a night in jail) and how they learned from them in Jeff’s LinkedIn series.

Main Street Businesses Aren’t Cheering Low Interest Rates

Jeff weighs in on why small businesses are turning to alternative loans with higher interest rates in this CNBC article. Fear of being denied a loan drives business to seek funding that they know they can obtain, even if it’s borrowed at a higher rate.

Corporate Creativity: Managing your Marketing Team (and Career) to Balance Innovation and Execution

The corporate culture at Dun & Bradstreet Credibility Corp. was carefully thought out by CEO Jeff Stibel. If you haven’t read this MarketingSherpa blog post and learned about the failure wall Jeff created to encourage corporate creativity, you’re seriously missing out.

Small Business Owners Would Hire More Employees if the Economy Improved

A Dun & Bradstreet Credibility Corp. and Pepperdine Private Capital Access Index quarterly report showed that 50% of small business owners would hire more employees if the current business environment changed and there were more loans available. Read Jeff’s explanation of why small businesses are dissatisfied in this article on MainStreet.

Will Wearables Improve Your Job Performance Or Get You Fired?

Jeff talks wearable technology in the office and whether or not it will help or hurt employees in this LinkedIn article.

Photo Credit: Keith Williamson, Flickr

 

Filed Under: Business Strategy, general, Top Stories Tagged: breakpoint, failure, unemployment

Are Apps Killing the World Wide Web? Jeff Stibel Gives His Take to The Wall Street Journal

November 26, 2014 By Jenny Crawford

The internet is evolving, but it’s also shrinking. Confused? Jeff Stibel explains how apps have killed the world wide web in this video with the Wall Street Journal. He also explains why this phenomena isn’t a bad thing and why our brains are actually identical to the internet (they’re shrinking, too!).

There’s more to learn about than just killer apps and our brains, though. Stibel covers everything from ant colonies to cat videos, and yes, it all makes perfect sense.

Photo Credit: Jason Howie, Flickr

Filed Under: Brain, Internet Tagged: Apps, breakpoint, internet

Taking Stock of the Performance of Social Networks

June 30, 2014 By Rebecca Bomfim

Jeff Stibel discusses why we are looking at social media networks the wrong way. As a society we put a lot of pressure on networks to succeed, and while they do grow tremendously in the beginning, they seem to all eventually collapse. Read more about how we can save our networks and their stocks by shifting from “growth to usability.” Read the full article on LinkedIn where it originally appeared to learn more how we can save our networks and their stocks by shifting from “growth to usability.” Image credit: MKHMarketing / Flickr

Filed Under: Business Strategy, Networks, Uncategorized Tagged: breakpoint, business, equilibrium, finance, social networks, stock

Facebook Must Shrink to Survive | MoneyBeat Interview with Jeff Stibel

May 20, 2014 By Lennon Cole

Jeff Stibel, author of Breakpoint, talks with MoneyBeat host Paul Vigna about Facebook’s future, and why constant growth is not only unsustainable, but also counterproductive to longevity.

Filed Under: Business Strategy, Internet, Networks Tagged: breakpoint, business, facebook, growth, moneybeat, network

Business, Biology, and Technology: “The truth about Competitive Advantage”

May 12, 2014 By Jacob Howell

In case you haven’t already heard, Breakpoint, by Jeff Stibel is being cited as a must read for business people. The book has made it into the Top 20: “What Corporate America is Reading” list compiled by Brian Solis and is rapidly gaining interest amongst America’s brightest leaders. Stibel is the Chairman and CEO of Dun & Bradstreet Credibility Corp. and Chairman of BrainGate, as well as on the boards for University of Southern California, Brown, and Tufts University.

In addition to Breakpoint, Mr. Stibel has published a number of books and academic articles related to business, economics and other topics, such as neuroscience, and artificial intelligence. Business books play an integral role in the evolution of business development, strategic thinking, corporate culture and the overall way that leaders mature, grow and adapt to our ever-progressing society.

The book is distinct from other influential books because it looks at business through a different lens than the rest. Rather than focusing primarily on corporate strategies and other traditional business topics Breakpoint examines correlation between biological systems and technology.

Within the complex world of biology, bigger is rarely better in the long run, and the deadliest creatures are usually not the large or aggressive ones like the lion but the small, out-of-sight ones like viruses and bacteria. Mr. Stibel compares this biological phenomenon to the internet and he takes the position that it is the quality of a network that is important for survival, not the size, and all networks—the human brain, Facebook, Google, even the internet itself—eventually reach a breakpoint and collapse.

The corporate and technological success equation is Quality ≠ Size

Exceptional companies are using their understanding of the internet’s brain-like abilities to create a competitive advantage by building more effective websites, using cloud computing, engaging social media, monetizing effectively, and leveraging a collective consciousness.

The mantra that Jeff has established around the Malibu office is “Work Hard, Play Hard” and because of this focus on quality the company has been able to achieve amazing things. From the company culture to innovative product development, Mr. Stibel truly does lead by example as he encourages both internal and external company initiatives that encourage small business and community growth.

Amidst all the peripheral noise of traditional business books Mr. Stibel has written a truly impactful piece that shows the reader where biology, technology, and business intersect. In a consumer-driven market where corporate responsibility matters and corporate cultures are thriving, it is important to remember that quality will always trump size in the long run.

 

Photo Credit: Mo Riza, Flickr

 

Filed Under: Brain, Business Strategy, Internet, Networks Tagged: brain, breakpoint, competitive advantage, jeff stibel, networks

Facebook’s Breakpoint: How the network giant can maneuver around its predicted collapse

April 21, 2014 By Tanya Gill

Two researchers from Princeton University released a now-famous study in mid-January, just as Facebook was about to celebrate its tenth birthday, predicting that the social media behemoth would lose about 80 percent of its users in the next three years. Other researchers, the media and Facebook themselves weighed in on the credibility of this study, criticizing its conclusions, exploring its weight and predicting what a future sans Facebook will look like.

Jeff Stibel, CEO and Chairman of Dun & Bradstreet Credibility Corp., made similar predictions for Facebook and other similar social technology networks in his book, Breakpoint: Why the Web will Implode, Search will be Obsolete, and Everything Else You Need to Know about Technology is in Your Brain, but his were a little bit less extreme, providing possible solutions to the inevitable breakpoint that all networks—biological and technological—experience.

In an interview with KOMO News Radio, spawned after the Princeton Study was released, Stibel described the cyclical stages of networks’ existence: acceleration and hyper-growth; the tipping point or breakpoint, when the network’s growth plateaus; full-bloom; then the shrink period. The shrink period, Stibel said, is when one of two defining things will happen with the network: 1.  It will collapse and die, or 2. The network will hit equilibrium.

While the latter is the obviously the preferred option for networks, many will succumb to the first, take extinct breeds of animals that overpopulated and ran out of food, for example. Similarly, Facebook, which is probably ripe in the full-bloom stage, will no longer have the luxury to tap into new markets and gain new users because most of the population has already signed up, now, they must leverage value and maintain a steady amount of users.

So, while the Princeton study probably had Facebook’s shareholders up in arms, Stibel suggested that Facebook must not panic, but hone in on its value proposition and embrace the loss of some users. If the company can experience value growth in the midst of user decline, he said, it can avoid the predicted implosion.

The breakpoint that Facebook is currently experiencing should be a lesson for other networks, namely the World Wide Web, which Stibel predicts might succumb to user-preferred apps in the coming years.

 

Photo Credit: Stockmonkeys.com via Flickr

Filed Under: Uncategorized Tagged: Ashley, breakpoint, Dustin, Jeff, KOMO

The Logic Behind Facebook’s Recent Moves – By Jeff Stibel

February 24, 2014 By Lennon Cole

Screen Shot 2014-02-24 at 11.31.46 AM

Recently, two Princeton graduate students released a study predicting the demise of Facebook by 2017, using concepts from epidemiology. No quicker had the media reported the results of the study than numerous rebuttals were posted. A few Facebook data scientists had great fun by posting their analyses showing that Princeton University would run out of students by 2021 and that the Earth would run out of air by 2060.

Read the whole article where is originally appeared.

Filed Under: Business Strategy, Internet, Networks Tagged: breakpoint, business, equilibrium, facebook, internet, network, strategy, technology, whatsapp

The Web Will Implode – Interview with Jeff Stibel

November 22, 2013 By Lennon Cole

Screen Shot 2013-11-22 at 10.22.27 AM

Fantastic, fascinating interview with Breakpoint author Jeff Stibel. Stibel spoke with Pontus Herin of Economy and Finance News (EFN), a Swedish television network, about entrepreneurship, network breakpoints, and how he predicts the web will evolve. Watch the whole interview now.

Filed Under: Brain, Business Strategy, Internet Tagged: breakpoint, internet, jeff stibel, networks

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