Invented in America Scaled Up Overseas

Invented in America Scaled Up Overseas Invented in America Scaled Up Overseas The United States is synonymous with innovation. Many of the new centurys core technologiesfrom semiconductors and flat panel displays to biomedical devices and photonicswere invented in the States. Yet today, many of behauptung products are manufactured elsewhere. This is especially true when small, entrepreneurial firms develop complex, innovative technologies.Over the past 30 years, powered by the rise in venture capital, startups have played an increasingly important role in transforming laboratory innovations into marketable products. Yet, after years of refining prototypes and perfecting pilot plants, advanced manufacturing startups frequently look overseas when it comes time to scale up for commercial production.There are several reasons why. First, there is financing. The United States has an entrepreneurial culture and robust capital markets. After Israel, we lead the world in venture capital as a percentage of gross domestic product. This is a good place to launch innovative ideas.Yet many investors, particularly venture capitalists, want to exit their investment within about seven years. Software startups often fit that time frame. If the venture is successful, investors can achieve quick returns, and occasionally generate enormous profits. They may invest heavily in people, but need little in the way of physical capital.Manufacturing is different. It usually takes mora time and money to develop workable prototypes and the production processes to build them. Then manufacturers must raise even greater sums to reach commercial production. Rather than raise more capital in the face of continuing technological and market risk, many investors prefer to sell the geschftsleben for a profit.Second, manufacturing startups often require help scaling up their complex production processes. While some companies seek high volumes and low costs, many others make low-volume products that r equire highly sophisticated and expensive production systems. This requires skills and know-how learned only by developing new processes at scale. Many countries and regions, particularly in Asia, have expertise in this area.When startups scale their manufacturing elsewhere, the United States loses more than a possible return on the research investment that made such breakthroughs possible. It also loses the skills and know-how, jobs, and investments that come with engaging with production at scale. More troubling, because the development of pioneering products and their production processes are so intimately entwined, the United States may be endangering its ability to innovate in the future.We came to these preliminary conclusions by following the growth trajectories of 150 manufacturing firms based on MIT technology and founded between 1997 and 2008. behauptung firms are arguably among the most likely advanced technology start-ups to succeed. They are at the technology frontier i n their fields. By virtue of their connections to MIT and Massachusetts, they are part of one of the worlds great innovation ecosystems for venture capital and other resources. Of course, these firms are not a representative sample of U.S. manufacturing startups. As a result, our results and conclusions are preliminary pending further study. Yet the very factors that set these 150 companies apart make them an important test of Americas ability to support innovative manufacturing. We believe our preliminary findings offer important insights into why so many American manufacturing startups locate their factories offshore.The MIT 150Financing was a key factor for all of these companies. More than half our sample (82 companies) received venture capital, and raised a total of $4.7 billion. On average they raised $74 million, with 33 firms raising over $50 million each, and 14 more than $100 million.They continued to raise funds for many years. After seven years, close to 40 percent of th e firms were still raising funds. In fact, the average age of firms receiving venture capital was nine years. Only nine firms (eight biomedical companies and a battery maker,) raised funds through an initial public offering, which speaks to both the unique conditions that exist for biomedical companies and the decline in IPOs generally in the United States.Most of the MIT 150 located in or near established innovation ecosystems, such as Boston, Silicon Valley, and Austin. These ecosystems provide specialized academic laboratories, skilled workers (particularly engineers), and geschftliches miteinander and technical capabilities, as well as experienced suppliers.Another critical factor for growth was access to specialized skills, often across several disciplines. A strong network of suppliers, whether immediately near the company or a short flight away, can help with the early prototyping and pilot production. Because startups develop products and production processes iteratively, th ey are almost always more concerned about speed and quality than cost. Locating near suppliers lets them turn lessons learned into new prototypes and pilot lines faster.Learning by BuildingMost startups face significant financial constraints as they try to scale. Limited funds must be used wisely to build a team, develop a new technology, and prove its viability before money runs out. Particularly for firms engaged in advanced manufacturing, the costs and know-how needed to build new facilities can be prohibitive.Rather than funding every capability and resource needed to scale internally, many startups seek complementary assets from established firms. These might include specialized capabilities in production, distribution, or marketing. By partnering with a larger, more established firm, the startup saves money and can get its product to market faster.Of course, young firms must walk a fine line when they do this. The most relevant complementary assets are usually owned by firms t hat have similar technologies or already serve a startups target market. Those established businesses are potential competitors and have incentives to expropriate the inventors technology.Strategic partners often step in as a firm begins to demonstrate the viability of a new technology and prepares to build it at a commercial scale. This process can take several years and cost millions of dollars (hundreds of millions in the case of energy). For these reasons, we call this an inflection band in the development of the company (rather than an inflection point). It is critical in the firms growth. A large influx of capital is required as the company engages in learning by building as it develops the new product and process for a commercial market.This iterative type of learning generates significant new capabilities and often occurs across company boundaries. It requires proximity and face-to-face interactions with team members, partners, early customers, and vendors. The tacit knowled ge generated at this stage of development is very complex, often unwieldy, and not easily reduced to simple instruction. This makes it sticky, generally restricted to those who work with it most and hard to communicate over distances.In the past, this stickiness often kept developing technologies from moving offshore. The tacit knowledge they created and shared took root in their local innovation ecosystem. This is still largely the case for the early prototyping and pilot production of new technologies. Yet improvements in communication technology and the increase in capabilities and resources abroad have made it easier to separate core research and development while moving the production processes, still in the development stage, somewhere else.Pulled OverseasA majority of the companies we interviewed found the scale-up capital they needed from corporate investors. These included multinational companies interested in the technology and foreign governments interested in learning ab out specific technologies in order to build similar capabilities in their countries. Government capital, for example, has helped establish Singapore in biotechnology, Russia in nanotechnology, and China in clean energy.These investors often can take a longer-term view and do not require the same returns sought by venture capitalists. This makes them an attractive financing option for growing firms. In addition, these partners may provide land, training, facilities, know-how, and other important resources.Moreover, additional venture capital is less readily available at this point. As the CEO of an advanced materials company said, Venture capitalists cannot make money on something that costs $100 million and takes at least 10 years to build. The technological risk is high and there is a high burn rate. They are much more comfortable with a software deal that will cost them $20 million. They have to pull away just when the company is trying to finalize the product and get it ready for commercial production. His firm ultimately raised $40 million from a government investment fund in an emerging economy when he promised to locate some RD and manufacturing there.A surgical device manufacturer proved the exception to the rule. It had burned through $125 million in venture capital, yet management fought investors who wanted to sell. Instead, the firm raised funds through an IPO. As a senior executive at the company noted, 98 percent of the conversations in Silicon Valley are around an MA exit, not an IPO.As a result of the relationship with these new investors, scaleup during the inflection band often occurs in the new partners country or production center. Startups are pulled overseas by the complementary assets provided by these new partners, or possibly by suppliers, or lead customers.Innovation in the Long ansturmEach of the firms we interviewed based the decision to develop technology abroad on what was best for the company and the investors. Yet taken together, their decisions represent a loss for the United States in terms of the knowledge, skills, and capabilities that come with commercialization.Why does this matter? First, it deprives the United States of new learning. The country loses the knowledge, skills, and capabilities that come with this next stage of scaling, and this diminishes its ability to innovatemuch less build to scalein the future.Second, it shifts the center of gravity for many industries further away from the United States. Those centers attract the top talent and most innovative technologies. This has implications for future growth.Third, and most fundamentally, it limits the economic benefitsinvestments, research, jobs, and new businessesthat arise from manufacturing industries. It may require private and public intervention to preserve those capabilities in the United States.This problem requires further research and analysis at a much larger scale. But we would like to raise four possible areas that might help t o make the United States a more compelling location for scaling innovative production-oriented companies.Increase financing options for later stage development.Create institutions and incentives that build capabilities for scaleup in this country.Change the contours of market demand through federal and state procurement or standard setting.Encourage firms to raise capital through IPOs, thus making them less reliant on outside funding.This is an abridged version of the original article published in the November 2013 issue of Mechanical Engineering Magazine. Elisabeth R. Reynolds is executive director fo the MIT Industrial Performance Center. Hiram Samel is a university lecturer in international business in the Said Business School and the University of Oxford.Join industry experts at ASMEs Advanced Manufacturing Impact Forum to see how advanced manufacturing will affect the U.S. and global markets - and what this means for you and your business. For Further DiscussionMost startups fa ce significant financial constraints as they try to scale. Limited funds must be used wisely to build a team, develop a new technology, and prove its viability before money runs out.

5 Things You Dont Know About Resumes

5 Things You Dont Know About Resumes5 Things You Dont Know About Resumes8The resume is an important and necessary tool in any job search, and one that has become a staple in the modern world. HR professionals rely on the resume to screen potential candidates, while job seekers use it as a marketing tool. Despite such active use of the resume, we rarely think about a resume in terms of where it came from and where it is going in the future. What dont you already know about resumes?From its history to the newest trends, below are five things you probably dont know about resumes.Five Historical Facts About ResumesThe resume welches created by Leonardo da Vinci over 500 years ago in 1482, but it wasnt called a resume until the late 1700sThe resume was more like a cover letter and used as a letter of introduction before a formal meetingThe word resume comes from the French word rsumer, which means to sum up Resumes gained momentum in the 1930s, 40s, and 50s when it became a formal documen tThe 1970s and 80s pushed the resumes popularity higher through the use of word processingBonus Over the past few decades, the resume has shifted into a show, dont tell marketing and branding toolWhile the resume has a lengthy history, the way we create and market the resume is continually evolving. The resume has progressed from being our current cover letter to an amazing marketing tool that can be formatted and customized for each person, each company, and each job. Although the following new resume trends may not be for everyone, they are rather intriguing.Five New Resume Trends Infographic Resume Infographics are a fun and quick way to pick up information, and the use of an infographic resume is gaining momentum. Not only does it offer a visually pleasing way to communicate all of your experience and skills, it is an attention grabber and a quick read for HR professionals.Video Resume What better way to let your personality shine than through a video resume? Use your creativi ty to create a video to complement your traditional resume. Ideally, keep it short and within two to three minutes.Social Media on Your Documents Social media is all the rage in our culture right now. As popular as it has become in the business world, more and more people are integrating social media into their resumes. You can add social media links into your resume, or go all out with a full social media resume, like a LinkedIn profile or About.me page.Use of Quotations Not just quotes, but specific endorsements provided to you by a prior client or former employer. Just make sure the quotation blends in with your resume and will lend credibility to your accomplishments.facebook inc Timeline Resume Not necessarily a new way to market yourself, but the Facebook timeline resume can provide a quick and well-organized view of your accomplishments, experience, and personal brand in addition to your traditional resume. Essentially, its building your Facebook timeline to BE your resume . You add your experience and education to your Facebook timeline, and use that as a digital form of your resume. The great thing is that you can backdate your accomplishments, add photos and videos, etc.Remember, while these may be the newest trends in resume use, it is important to consider the job you are applying for and the company culture and environment. Some companies may be more open to new and trendy resume formats, where others prefer to stick to tradition.Another thing to consider about resumes is whether the new trend should replace your traditional resume. While an infographic-type resume may work on its own, other upcoming trends work better bysupplementing them with your traditional resume.Readers, what information about resumes surprised you? Would you use one of the new resume trends in your job search? Share with us below

Affordable Skill Development Options for Creative Professionals

Affordable Skill Development Options for Creative ProfessionalsAffordable Skill Development Options for Creative ProfessionalsSkill development is a must for creative professionals who want to stay relevant, secure plum assignments, and earn a higher salary or promotion.Worried your skills will become obsolete? It can be challenging to get the right training or any training on the job. Thirty-two percent of more than 400 advertising and marketing hiring decision makers surveyed by The Creative Group said their company provides some training, but not necessarily on the most relevant topics. Nine percent said their firms provide little or no training or skills development options.In the same survey, advertising and marketing hiring decision makers said the most challenging aspects of keeping their creative and marketing employees skills up to date is finding time for employees to participate in training and identifying appropriate skills development options.What do behauptung stats m ean for creative professionals? For one, the onus is on you to get the skills development you need. Here are five affordable skill development options1. On-the-job trainingInstitutional knowledge is a big asset for any company, and cross-training is one way to take advantage of it. If you know colleagues who have mastered skills youd like to learn, find out if they would be willing to give you a few pointers. Or, approach your manager about setting up something more formal, like a brown-bag series where employees can learn from experts from within or outside the company during the lunch hour. In addition to expanding your knowledge base, youll build camaraderie with your peers, which can boost morale, aid conflict-resolution and make solving problems easier.2. Mentoring Many creative professionals know the value of having a mentor, but it can be difficult to figure out how to find and approach one. A mentor can be someone in your department, from another department or outside your c ompany. Think about the type of skills you want to acquire to help pinpoint prospective candidates.We can help you get your next jobSUBMIT YOUR RESUME3. Traditional classesGetting a degree can be time consuming and expensive, but you shouldnt shy away from academia. Find out if a nearby university offers a certificate program or allows students to take classes without pursuing a degree. If you want to learn a specific skill, like coding or UI design, consider enrolling in a workshop. Even attending a one-day training event can set you on the right course. Finally, dont forget to inquire about your companys tuition reimbursement policy.4. E-learning If youre too busy to attend in-person classes or none are available in your city, e-learning can be a good alternative. This approach to skill development allows you to listen to lectures, chat with classmates, submit coursework and meet with instructors without leaving your home or office. Some companies, like CreativeLive, Envato Tuts+ and The Creative Group, even offer free courses. MOOCs, or massive open online courses, are another option for those who want to learn at their own pace. Sites like MOOClist.com offer MOOCs on everything from Photoshop to web development to design thinking.5. Webinars and YouTubeIf youre truly strapped for time, consider registering for a webinar once or twice each quarter. Many are less than an hour and can be viewed live or on demand. You can even search YouTube at your leisure. Companies (like LinkedIn Learning), organizations (like AIGA and TED Talks), and industry enthusiasts post informational and inspirational videos regularly.

Its OK to Not Have a Job Right After Graduation - The Muse

Its OK to Not Have a Job Right After Graduation - The MuseIts OK to Not Have a Job Right After Graduation As I began approaching the last few weeks of my final year in college, panic slowly started to creep in. Why? Well, I hadnt managed to land a job yet. And, in my circle of friends- which was filled with overachievers who were scoring these seemingly dreamy gigs like there was nothing to it- my lack of employment was definitely something to be embarrassed about.Along with the panic came a lot of self-doubt. None of the places I interviewed at wanted to hire me, which obviously meant I was terrible. It wasnt long before I resigned myself to the fact that I had earned my four-year degree only to return to dishing out mafiatorte slices in my hometown restaurant. If youre quickly closing in on graduation with these exact same thoughts, rest assured that I know how youre feeling. I walked many, many miles in your shoes, so I know first-hand how disheartening it can be to not have a fan cy new title to gloat to your friends about.But, let me tell you something important Just because you dont have an amazing offer right now doesnt mean youll never get one. Those last few months of college truly dont set the tone for the entire future of your career- no matter how much it may feel like it.Its totally OK to not have a great gig lined up right after you graduate. In fact, I think there are a lot of positive things to be said for it. Here are just a few of them. 1. Time to Recharge Is Never BadYes, there will definitely be a time when you look back fondly and miss your college life. But, lets just say it- college can be pretty tough too. You need to juggle finals, papers, a part-time job, and a social life (if youre lucky). So, nobody can blame you for feeling a little burnt out by the time graduation rolls around.Sure, there was a big part of me that was screaming on the inside at the idea of moving back into my childhood bedroom in order to live the unemployed life in my parents house for a while. But, if Im being perfectly honest, it really wasnt all that bad. On the contrary, really- it was actually kind of nice.No, its not something I wanted to do forever. But, having a couple of months after the whirlwind of college to decompress, switch gears, and (most importantly) figure out what I wanted out of a career, was truly a good thing. When I finally did get an offer, I was able to get started with a fresh mindset and some recharged batteries- unlike my friends who walked right off campus and straight into a cubicle. 2. Speed Doesnt Necessarily Equal SuccessYou feel like a failure for not knowing your immediate next step after graduation. I get it- Ive been there. But, believe me when I say that the speed at which youre able to land a job really has no impact on your future success. So, dont fall into the trap of thinking that your lab freund who already has a gig lined up is destined for a future as a CEO- while youll never make it past the mai l room.Its simply not true. Heres a personal example I had a friend who was offered a position two full months before she put on that cap and gown. We were all jealous. But, we later found out there wasnt much to be envious of. Why? Well, the majority of her daily responsibilities included using the copier and making breakfast runs for the top-level executives. Yes, she landed that position right away. But, that really didnt end up meaning I would be a full step behind for the rest of our professional lives. In all honesty, there really wasnt much to catch up with. 3. Youll Make Your Friends JealousI spent the last portion of my college career turning green with envy over my friends who already had positions waiting for them. They had a plan. They knew where they were going. However, when college came to a close and we all moved on? Surprisingly, the tables turned and they all ended up being jealous of me.While the idea of jumping right into adult life sounded good in theory, it tur ns out that it wasnt so glamorous in practice. They were all up at the crack of dawn preparing for their morning commutes. I got to sleep in a little before spending the day job hunting. They all felt like their lives were consumed by nothing but work. Me? I had mora free time than ever before. Of course, that didnt mean I wanted to remain unemployed forever. But, being able to brag about my leisurely lifestyle- when they had spent the last few months hanging their real world jobs over my head? Well, Ill admit there was a little bit of sweetness to that. Not having a position lined up for you right after college graduation can seem like the end of the world. But, I promise you, its not. In fact, there are actually some real upsides to having a little bit of downtime after you get your degree. And, if you ever feel yourself spiraling into panic mode about your career future again, just remember me. It took me six months to land my first job out of college, and I turned out just fine- as least, I hope so.

The Sous Chef Resume Trap

The Sous Chef Resume Trap Life, Death, and Sous Chef Resume Your ability to deal with the entire procedure for food service is a special characteristic, along with your organizational abilities and creativity, which you might highlight in your objective statement to earn a strong impression on employers. It may also be customized in a means in which it can suit all your requirements and preferences perfectly. A Sous Chef has to be able to handle his emotions and assist the staff to control their emotions to make aya that the expert reputation, the efficiency, and productivity isnt compromised. Make certain that you have a minumum of one instance of a time you demonstrated each of the greatest skills listed here. Not only does this accredit schools, but it offers certifications which are highly regarded in the business. Employers also prefer applicants that have a strong background on the basics of the culinary arts. It is an extremely intuitive profession. The culinary arts field is extremely competitive. Learn the top 10 core skills you have to master as a sous chef and what hard skills you must know to be successful within this job. A superb objective may also have highlighting your qualifications and basic skills applicable to the work description printed by the recruiter. Seeking the function of a Chef at Charlies Resort where theres a option to generate use of exceptional food management skills, gastronomic understanding, and understanding of guest solutions, as well as excellent organizational skills that please both customers and employers. As a sous chef, you will directly report to the executive chef and you ought to be highly knowledgeable regarding the operations of a kitchen so you may fill in the job of the executive chef when theyre not available. Cleanliness Chefs should know how to keep the kitchen sanitary. Business Sense An excellent chef is also an excellent businessman. Excellent for those applying as an expert chef. The Sou s Chef objective statement functions as the appetizer. Chefs ought to be in a position to cook precisely and efficiently. To learn more on what it requires to be a Sous Chef, have a look at our complete Sous Chef Job Description. Fully being a Sous Chef is not a simple job. The employers dont wish to hear you want the job. The work description states the significant duties and obligations of the position, which can be used in completing the expert experience section of the resume. Youre able to make use of these skills lists throughout your job search approach. Be as creative as possible, because boring resumes arent considered in many entities. Moreover, you must create a plan in regard to food presentation, because the majority of the guests are expecting a significant menu. In case it fails to provide a long-lasting impression, he can opt to abandon the remainder of the menu. The modern day chef thinks away from the box and isnt reluctant to try new things. Theres no established structure for a resume, but here are some suggestions which will aid you in developing an amazing sous chef resume. Your resume should start out with a very clear and focused objective statement. If this Cook Chef resume example was not sufficient for you, youre absolutely free to review various other samples and templates from our website. If this Sous Chef resume example was not sufficient for you, youre totally free to review various other samples and templates from our website. If this Executive Chef resume example was not sufficient for you, youre absolutely free to review a few other samples and templates from our website. A restaurant is a very big investment and margins are heavily related to maintaining rising variable expenses. The food company is extremely competitive. Pre-opening of over 7 outlets. Produce and establish new trends and intriguing events. During the preparation of meals, youre charged with the role of guaranteeing that high excellen t control measures are followed. Its also your duty to make sure that all of the products utilized in the preparation of food in the kitchen are of the maximum quality. Part of their duties is to work out how much supplies of food is going to be ordered and the length of time it will take. Conduct food tastings and supply feedback to guarantee constant high quality control. Inadequate communication is a recipe for failure. A passionate chef has great urge to find out more about different cuisines and cooking practices. Head chefs will without a doubt throw a generic resume in the bin. One of the absolute most important measures in turning into a sous chef is gaining kitchen experience. The best chefs are well-known for their capacity to create wonderful dishes from the most fundamental ingredients. Maintain food storage areas and make sure that food items are appropriately rotated and stocked. Sharp knives and hot liquids can result in serious injuries. You should also gu arantee that the food leaving the kitchen is also of top quality and that the patrons are pleased.

The Confidential Secrets for Resume Writing Creative Exercise Revealed

The Confidential Secrets for Resume Writing Creative Exercise Revealed Improv exercises can enable the interviewee to truly make a relation to the interviewer and produce the interviewer feel like the interviewee really grasps onto any information thats shared, states Rebecca Stuard, creative director of Improvolution in the nyc region. Creative writing exercises are made to teach a technique. All our writers pass a considerable procedure to look at their abilities. Every writer we employ has written a good deal of special papers associated with your subject. How to Choose Resume Writing Creative Exercise The trick to writing a great memoir is knowing what angle to have any subject. There are many unique forms of writing out there and you can almost certainly find 1 category, or several, that let you acquire your thoughts on paper in a sense which works for you. Just bear in mind where it is that youre sending it. The key point to remember for a writer is that experimentati on is not ever a lousy idea. The Chronicles of Resume Writing Creative Exercise Analyze job ads You will see tons of helpful info on job ads. When youre employing the expert services of professional writing business, its necessary which you locate a continuing company which well acts your passions. Based on your degree of experience and the jobs youre applying for, what you decide to concentrate on in your resume summary can fluctuate. Even if your work experience is ideal, a subpar resume could sink your odds of getting a work interview. Attempt to know the market of the organization you are asking for work, and identify what sort of difficulties they may be going through. There are lots of basic kinds of resumes used to make an application for job openings. For the reason, its critical to bear in mind an extremely very good proposal is where everything begins. The typical amount of time someone will appear at your resume is about 5-8 seconds. A strong summary statement at the peak of your resume can increase the probabilities of them noticing what youve got to offer from the beginning. Creative resumes do have the capacity to secure you noticed, but you would like to be certain that youre being noticed in a great way, and for the ideal factors. What About Resume Writing Creative Exercise? When youre learning how to compose a resume youll need to enlarge your vocabulary. No matter their independence in learning which occurs whenever the visual arts. Writing a successful resume is dependent upon several factors. Students with the way that you need to creative writing lessons. The Definitive Strategy to Resume Writing Creative Exercise First, the phrase writing was defined because of the Oxford dictionary as composing may be the method thats important of inside a small business. As an instance of imaginative writing, the unbelievable thing about poetry is there are so many types. The way to the best essay is via WritePaperFor.me. Just lik e plenty of non-fiction writing, the key to writing an excellent essay is about your framing.

Break into One of Todays Most Popular Professions Data Analytics

Break into One of Todays Most Popular Professions Data AnalyticsBreak into One of Todays Most Popular Professions Data AnalyticsHow to make a career change into the world of big data, geschftliches miteinander intelligence and analytics.Dreaming of a career in data analytics? Or are you already in the role but looking to progress? Your goal isnt out of reach if you arm yourself with knowledge and focus on your strengths and interests. The following steps and explanations can help.1. Understand the terminology Analytics is not synonymous with business intelligence or big data. To clarify, business intelligence shows how a business system is operating today, while analytics focuses on how to improve that system for tomorrow. Business intelligence covers all aspects of a users interaction with a system- from collecting data to accessing it. That data is then tapped into via reports and graphical dashboards. Typical tools used are data solutions such as Teradata, Hadoop and Oracle.Analy tics professionals process data derived from business intelligence, and deliver insights that help drive business decisions. This can improve revenue, streamline operations or help identify other opportunities to enhance the systems performance. The tools used for analytics include SAS, R and Excel.Big data, however, is another story. Ever-increasing volumes, variety and velocity of data (the three Vs) create issues for data storage and visualization that destabilize traditional business intelligence systems. Therefore, big data is a business intelligence issue, not a data analytics issue.As you formulate your career plan, its important to scrutinize job titles and descriptions to better understand whether you are pursuing the path right for you. Remember A big data job is not an analytics job.2. Assess your interests and aptitudeAnalytics jobs may pique your interest, but its critical that you seek the location best suited for your skillset. Ensure your compatibility with a career in this field by assessing your own analytics aptitude.Do some research on job sites like Ladders, using keywords such as Analyst, Analytics, and Data Scientist, and carefully read each job description. An analyst job that doesnt explicitly mention analyzing data in the job description isnt a data analytics position.The graphic here helps you zero in on the positions that match your objectives. Common analytics job titles are divided into which category they generally frage under Business analytics, predictive analytics, and data analysis.Lets look at Marketing Analyst jobs in the chart. Most marketing analyst positions fall in the Business Analytics Professional job category, but some require advanced analytics skills, which makes them fall under the Predictive Analytics Professional category. Data scientist, on the other hand, is a title used broadly, and these jobs can fall under all three categories.The categories themselves- Data Analyst, Business Analytics Professional and Pr edictive Analytics Professional- require different analytics skillsets. The table below identifies typical skills needed for each category.3. Target your dream jobsIt is easier to transition into a data analyst position if you have prior experience in data structure, informational management, data architecture, or other engineering areas. If you have business background (product management, project management, MBAs) consider a business analytics job. If you have experience in statistics, operations research, computer science or algorithms, a predictive analytics job may suit you.Review job descriptions online, and note the skills and tools required for each position. Check the tables above to identify the job categories that position falls under. Given your background, interests and industry experience, identify your dream analytics job title from within the job categories appropriate for you.4. Seek out tools to help you achieve your objectivesWorking toward your dream job doesnt m ean going it alone there are many resources you can use to break into the field. For example, tools like SQL and R can be learned for FREE or fairly inexpensively at Coursera, Udacity or SQLCourse. For the data-to-decisions mindset, we highly recommend taking Aryngs Analytics Career Transition packages. These include an assessment, complete hands-on business analytics and testing training, experience with a real-time project, mentoring sessions and optional career coaching to help you find and secure your analytics dream job. You can also learn more about our fundamental approaches to analytics or about our Data to Decisions framework by downloading one of Aryngs analytics whitepapers.Good luck with your job search. Youre already taking the hardest step- understanding the analytics landscape and identifying which jobs are right for you.

Learn Why a Resume Is Important for an Employer

Learn Why a Resume Is Important for an EmployerLearn Why a Resume Is Important for an EmployerA resume is a document that provides an employer with a detailed statement of a job candidates prior work experience, education, and accomplishments. The resume often supplies an employment objective a summary of skills, knowledge, and potential contributions a summary of civic, professional, and philanthropic volunteer work a list of certifications and mention of any additional, relevant coursework. A resume is used to apply for your posted jobs and is sent in response to your advertisement or request for applicants. The resume is generally accompanied by a customized cover letter. Its important to note that receipt of a resume from a job candidate in response to a job posting does not eliminate the need for a candidate to fill out an employment applicationat a later date. Employers should use a candidates resume to weed out unqualified candidates for advertised locations. Savvy candidates customize their resume and cover letter to help the potential employer, quickly determine that they are qualified for your job opening. A well-crafted resume should immediately demonstrate an applicants suitability for a job vorstellungsgesprch for the open position with your company. Resumes are written and laid out according to the strength of the applicants credentials and the personal circumstances that determined their need for a job search. Below are some common formats for resumes. Chronological Resumes Resumes are most frequently written in chronological order with the most recent work experience and accomplishments listed first. An employer appreciates chronological resumes because they provide a quick, orderly overview of a candidates work and educational experience. That being said, a recent college grad with little work experience might list educational achievements first. Functional Resumes A functional resume assists an applicant to underplay any employment gap s or other unusual circumstances in their employment or educational history. Employers are right to interpret a functional resume with some skepticism and concern, as a functional resume covers up details of an applicants employment history that may appropriately concern an employer. A resume may also combine both chronological and functional experiences. Targeted Resumes A targeted resume customizes an applicants work experience, education, and accomplishments to demonstrate that his or her credentials are a perfect fit for your stated needs. While time-consuming, the targeted resume is recommended by job search experts for certain job applications.Targeted resumes are recommended when an applicant is really interested in and well-qualified for your advertised position. The targeted resume demonstrates how he or she meets all of the requirements. The targeted resume takes advantage of the keywords you search on in an online job application. The targeted resume helps you easily see the connection between the candidates skills and experience and your job requirements. Courteous employers who seek a reputation as an employer of choice, send an application acknowledgment letter. The next step an applicant should expect is either an applicant rejection letter or a request for an interview or phone screen. With application materials fraud escalating, employers also need to know who you are hiring.

How to financially prepare to get a pet so you are ready

How to financially prepare to get a pet so you are readyHow to financially prepare to get a pet so you are readyAs you may have binnenseen in past posts or on social media, my husband and I are in the process of getting a puppy Dan has desperately wanted a dog for as long as Ive known him. I came to the desire more gradually. I grew up with cats and welchesnt around dogs very often, unless I was at one of my cousins houses. I also had a few negative experiences with big dogs when I was younger (and very small), so Ive always been a big hesitant when it comes to dogs. Dan wore me down over the years with his exuberance about corgis and now I want one tooA lot of the conversation around getting a dog has been related to money (can you believe it?). Since we were initially planning to buy a corgi from a breeder, we knew that it was going to be a decent financial investment. We also learned that dog owners typically spend around $1,600 on their dog in the first year of owning them. I wan ted to overestimate how much we thought we would spend and save it up ahead of time. This was because I didnt want to get a dog and then find ourselves in a tough financial spot as expenses built up.We also had a few changes to make to our house before we felt comfortable getting a dog. The fence in our backyard was rotting and falling over in several places. There was no way wed feel good putting a puppy back there without it escaping. So we decided to replace the fence before we got the dog. As you can imagine, this is quite the additional expense.Your situation might be very different from ours, but there are still many questions you should answer for yourself before you go to a rescue and pick out a new pet. The answers to those questions will determine how you need to prepare.Make sure you can afford oneJust like with having a child, adopting an animal might cost (much) more money than you were expecting. Do your research and find out how much it usually costs both up front and annually to care for a pet. You should specify based on the type of pet you want to get. From there, take a hard look at your budget and see if there is room for those costs. If the befhigung pet costs dont fit into your current budget, you have a decision to make. Are you going to delay getting a pet until you can really afford it? Or are you going to cut something else out to make room for those costs?Decide if you want to buy or adoptThis is a contentious topic with a lot of people. For many, it is an ethical question. Why buy from a breeder when there are countless animals out there who need to be rescued and adopted? Plus, it can be hard to tell if a breeder is on the up and up, or if they are operating a puppy mill. However, sometimes you know exactly what you want, and you wont necessarily be able to find that animal at a rescue.There is also a huge difference in terms of affordability. When you choose an animal from a rescue, the fees are going to be lower, and usually the pet is already spayed or neutered and given its necessary shots. When you buy from a breeder, the fees will likely be much higher, and wont always include neutering and shots. That means that on top of the fee, you will also have to pay to have these things done at your local veterinarian.Save up the first year of expensesLike I said above, weve seen that the first year of caring for a dog can cost upwards of $1,600. This can include adoption fees, neutering, veterinary visits, food, toys, treats, a crate, etc. Those things can add up very quickly. So its important to plan ahead and save up that money before the time comes. You dont want to get your pet and then realize that its going to break your budget to care for it each month. Take some time to save up the number you feel comfortable with before you adopt.Fund an emergency savings accountYou know I feel very strongly about you having an emergency savings account. Just like you need to have an emergency fund for your own expense s, youll want one for your pets expenses. If you were to lose your job, would you be able to pay for your pets food or insurance? If you had to pay the deductible for your pets insurance (more on that below), would you be able to pay for that out of pocket? These are the things you should save up for just in case you find yourself without an income. Include potential pet expenses in your calculations for your emergency fund.Build the costs into your monthly budgetCalculate how much you think youll spend on food, treats, toys, and pet insurance (more on that below) each month. Set up those costs as a fixed expense in your monthly budget. You can either set up recurring food deliveries so that you know exactly how much youll be spending on food every month. (Try a website like Chewy.) If you build these things into your monthly budget, you wont be surprised by them when they arise.Decide if you need pet insurancePet insurance is exactly what it sounds like. Its health insurance for yo ur pet. One big difference between pet insurance and human health insurance is that it doesnt titelseite pre-existing conditions. That means that youll want to get the coverage for your bet before they are even old enough to have pre-existing conditions. One friend of mine told me My dog had an upset tummy before insurance kicked in, and now every time he has an upset tummy vet visits arent covered.So youll want to decide early if pet insurance is something youd like to have for your pet. Usually, pet insurance doesnt cover normal preventative pet visits, but it does cover illness, injury, and other issues that can cost a whole lot of money. You will pay a monthly premium in order to protect yourself from huge vet bills later on. Its just like any insurance youre paying monthly for something that you hope you wont have to use. It can feel like a waste of money if you have a perfectly healthy animal, but your pet wont necessarily stay that way forever.Do your research. Compare the pr ices and offerings of several different insurance companies. See what they cover and what they dont. See what the deductible is, see what the maximum coverage amount is. See what your out-of-pocket maximum is. There are all hugely important, so that youre fully aware of what youre signing up for and can make the decision that is right for you financially.Dont buy all the cute items that you seeA few weeks ago, I told my husband that I was worried hed want to buy every artsy dog accessory he saw. Well, not too long after that, he texted me say that I was right, and that Instagram was targeting him hard with their ads. When I shared that anecdote with friends, one of them warned me not to buy too much stuff for a puppy. She said they will either destroy it or outgrow it. And this is an important thing to remember Its easy to get carried away when you have a cute animal at home and want to spoil it with all the shiny things out there. So make a list of the things your animal actually n eeds, and then you can buy other things as you can afford them.This article was originally published on MaggieGermano.