9 biggest legal myths holding you back

What’s the most damaging legal myth holding young entrepreneurs back?

The Young Entrepreneur Council (YEC), an invite-only organization comprised of the world’s most promising young entrepreneurs, provided the answers to the following question: What’s the most damaging legal myth holding young entrepreneurs back? In partnership with Citi, the YEC recently launched #StartupLab, a free virtual mentorship program that helps millions of entrepreneurs start and grow businesses via live video chats, an expert content library and email lessons.

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Hawaii’s solar boom is so successful it’s been blocked from further expansion

Rooftop solar on a house in Hawaii.

William Walker and his wife, Mi Chong, wanted to join what’s seen as a solar revolution in Hawaii. Shortly after buying their Oahu home earlier this year, they plunked down $35,000 for a rooftop photovoltaic system. The couple looked forward to joining neighbors who had added panels, to cutting their $250 monthly power bills and to knowing they were helping the environment.

 

 

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The home automation business is enabling the Internet of Things

The home automation market size is around $8.8 billion.

In terms of homes that have a broadband connection as a market for home automation, the market size turns out to be around $8.8 billion at $100 spent per home or $880 billion at $10,000 for the U.S. If we are a little more conservative and say that only those broadband subscribers who use smartphones are targets, the range turns out to be about $5.63 – $563 billion. In order to capture this opportunity a number of business models have come into play. While these are not new business models, it is interesting to see how this opportunity is being captured.

 

 

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Airbnb tops 10 million guest stays and 550,000 listed properties worldwide

Airbnb is a global marketplace where people can list space in their homes for rent.

How far has Airbnb come? More than 10 million people have stayed in Airbnb homes to date. This is a long way from the company’s early days when the founders hosted people on air mattresses in their apartment and basically went door-to-door to get traction.

 

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Northeast corridor is the wealthiest region in the U.S.

The Northeast region shows a kind of wealth belt unmatched even on the West Coast.

America is a tremendously unequal place at the county level.  In 2012, the median household income in the poorest county (Wilcox County, Alabama) was $22,126. In Falls Church, Virginia, where highly educated defense contractors and federal government workers cluster, the median income last year was $121,250, more than five times higher.

 

 

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2013 has been a record breaking year for solar power in the U.S.

America is on track to install more solar capacity this year than world leader Germany.

In the U.S., the outlook for solar power is bright and sunny. The solar industry in America has recorded its second largest quarter ever in the third quarter of 2013, and the largest quarter ever for residential installations. (Infographic)

 

 

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