How much does it cost to start a business? There’s a world map for that

UAE is the world's most expensive country to start a business, but it's free in Rwanda.

Credit: BusinessFinancing.co.uk, reproduced with kind permission.
  • As the old adage goes, you must spend money to make money.
  • Just about anywhere, setting up shop requires a significant bit of cash.
  • But as this world map shows, the cost varies greatly by country.
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Giant 'space claw' to begin cleaning cosmic debris in 2025

The rush to clean up outer space has begun.

Photo: ClearSpace
  • The European Space Agency finalized a contract to begin removing space debris in 2025.
  • ClearSpace was awarded a $105 million contract to use its space claw to extract space junk.
  • There are currently 129 million pieces of debris orbiting Earth.
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    Learn the Netflix model of high-performing teams

    Erin Meyer explains the keeper test and how it can make or break a team.

    • There are numerous strategies for building and maintaining a high-performing team, but unfortunately they are not plug-and-play. What works for some companies will not necessarily work for others. Erin Meyer, co-author of No Rules Rules: Netflix and the Culture of Reinvention, shares one alternative employed by one of the largest tech and media services companies in the world.
    • Instead of the 'Rank and Yank' method once used by GE, Meyer explains how Netflix managers use the 'keeper test' to determine if employees are crucial pieces of the larger team and are worth fighting to keep.
    • "An individual performance problem is a systemic problem that impacts the entire team," she says. This is a valuable lesson that could determine whether the team fails or whether an organization advances to the next level.
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    The entrepreneur's guide to success: Follow these tips

    Starting and running a business takes more than a good idea and the desire to not have a boss.

    • Anyone can start a business and be an entrepreneur, but the reality is that most businesses will fail. Building something successful from the ground up takes hard work, passion, intelligence, and a network of people who are equally as smart and passionate as you are. It also requires the ability to accept and learn from your failures.
    • In this video, entrepreneurs in various industries including 3D printing, fashion, hygiene, capital investments, aerospace, and biotechnology share what they've learned over the years about relationships, setting and attaining goals, growth, and what happens when things don't go according to plan.
    • "People who start businesses for the exit, most of them will fail because there's just no true passion behind it," says Miki Agrawal, co-founder of THINX and TUSHY. A key point of Agrawal's advice is that if you can't see yourself in something for 10 years, you shouldn't do it.

    Unfiltered lessons of a female entrepreneur

    Join Pulitzer Prize-winning reporter and best-selling author Charles Duhigg as he interviews Victoria Montgomery Brown, co-founder and CEO of Big Think.

    Women today are founding more businesses than ever. In 2018, they made up 40% of new entrepreneurs, yet in that same year, they received just 2.2% of all venture capital investment. The playing field is off-balance. So what can women do?

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