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Proving to the world that courage and attention to detail are the keys to entrepreneurship - the success story of this young woman is the best evidence!

American entrepreneur Alexa von Tobel experienced the loss of her father at the age of 14, and her mother, burdened with financial responsibility, inspired her to understand the importance of personal finance. This experience led Alexa to develop an interest in entrepreneurship and she dedicated herself to learning.

Alexa von Tobel graduated from Harvard University and began working as an analyst at Morgan Stanley in 2007. While in this position, she struggled to develop a 75-page business plan, which prompted her to consider further education. A year later, she enrolled at Harvard Business School. However, she was surprised to find that the school did not teach everyday financial knowledge, a vital skill that she believed affected everyone's lives but was overlooked in education.

After the financial crisis of 2008, Alexa von Tobel recognized the need for financial advisory services and decided to abandon her studies at Harvard Business School to start her own online financial advisory company, LearnVest. This decision was one of the scariest moments of her life, as she gave up not only her prestigious education but also the potential for a great job. Moreover, her family and friends did not support her decision.

In the early days of her entrepreneurship, Alexa von Tobel often felt lost and scared, constantly questioning if she knew what she was doing. However, she firmly believed that this was her opportunity, as there was a strong demand for online financial advisory services like LearnVest.

Thanks to her determination, thorough business plan, and the market's need for personal finance resources, Alexa von Tobel successfully raised over $1 million from venture capital firms and angel investors within a year. Seven years later, her company had a growing customer base of 1.5 million users. In 2015, she sold LearnVest to Northwestern Mutual, a major American financial management company, for $375 million.

Now 39 years old and a mother of three, Alexa von Tobel achieved financial freedom after the sale of her company and can enjoy time with her family. However, in 2019, she co-founded a venture capital firm called Inspired Capital with a partner, focusing on investing in early-stage startups. In interviews, Alexa advises entrepreneurs not to let initial success cloud their judgment but also to avoid living in constant fear of failure. She believes that while working hard, it's important to strike a balance and avoid becoming overly confident, which could lead to costly mistakes.

Hong Kong to set up youth innovation and entrepreneurship bases

Hong Kong to set up youth innovation and entrepreneurship bases

The idea of setting up an alliance of Hong Kong youth innovation and entrepreneurship bases in the Greater Bay Area was proposed as early as in the 2019 Policy Address. The Secretary for Home and Youth Affairs, Ms Alice Mak, said in August last year that the Bureau would kick off the preparatory work for the alliance later.

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Youth Employment Scheme in Guangdong

Youth Employment Scheme in Guangdong

The Labour Department (LD) organized a welcome ceremony for the "Greater Bay Area Youth Employment Scheme" at the Guangdong-Hong Kong-Macao Greater Bay Area (Guangdong) Innovation and Entrepreneurship Incubation Base in Guangzhou. As at last week, the LD had received more than 2,000 job vacancies from 220 enterprises.

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To promote the development of Hong Kong's social innovation ecosystem, MakerBay Foundation has received funding from the Social Innovation and Entrepreneurship Development Fund to launch a new three-year social innovation cultivation program called the "Impact Innovation Lab." This program aims to assist individuals aged 18 or above who are interested in engaging in social innovation to develop solutions to social problems and achieve their goals. The program will provide participants with access to a laboratory, training, and resources to enable them to conduct innovative experiments and bring their ideas to fruition.

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Sir Run Run Shaw was born in 1923 and grew up during turbulent times. He dedicated his youth to entrepreneurship and became the president of the Hong Kong Chinese Manufacturers' Association. He was actively involved in politics, sports, and education. During the war years, he generously funded national operations, and his ventures in real estate made him a pioneer in the field. He was also among the first businessmen to embrace China's reform and opening-up policy. With his selfless patriotism, Sir Run Run Shaw made significant contributions to China's development. He worked tirelessly to contribute to every brick and every tile laid in building China and propelled the country towards greater heights.

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Yang Guomin, a programmer born in the 1990s, decided to return to his hometown in Inner Mongolia to start a business due to the challenges caused by social anxiety disorder in his work. He began selling organic sheep manure fertilizer, as modern young people value a good quality of life and enjoy gardening and flower cultivation. Yang Guomin launched small packaging of sheep manure fertilizer, which attracted the attention of nearly 190,000 people. His business is able to sell 300 tons of fertilizer each month, and now, those who had previously mocked him have come back to collaborate with him.

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Foshan Old Town: A New Hub for Artistic Youth

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In recent years, there has been an emergence of new art spaces and entrepreneurial shops in the old town area of Foshan, attracting a wave of young entrepreneurs and artists. These individuals choose to establish their own spaces in the old streets for several reasons. Firstly, the old town area boasts a long history and unique cultural atmosphere, providing inspiration and creativity for these young artists. Secondly, the surrounding environment and architectural style of the old town area exude a nostalgic and vintage charm, attracting many young people to stroll around and settle down. Additionally, the old town area of Foshan also attracts a large flow of people, providing business opportunities and sales potential for entrepreneurs. Overall, establishing one's own space in the old streets of the old town area is an attractive choice for young artists.

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Since 2023, there have been three entrepreneurial movies that have deeply influenced our lives. The first one is "Creating Wonder" which narrates the story of Steve Jobs, the founder of Apple, showcasing his innovative thinking and relentless pursuit. The second one is "The Social Network" which revolves around Mark Zuckerberg, the founder of Facebook, vividly portraying the challenges he faced during his entrepreneurial journey and his vision for social media. Lastly, "The Silicon Valley Legend" depicts the story of Elon Musk, the founder of Tesla and SpaceX, revealing his dedication to entrepreneurship and groundbreaking thinking in the technology field. These movies inspire us to have dreams, courageously pursue entrepreneurial opportunities, and have a profound impact on our lives.

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This article introduces a savings method called the Envelope Budgeting System. A woman, who was unemployed and had a debt of nearly $70,000, decided to change her financial management approach. She used the Envelope Budgeting System, where she allocated money into different envelopes representing different expense categories. Through this method, she eventually succeeded in paying off her debts and became a successful entrepreneur with an annual income exceeding $1 million. This method may be worth considering, especially when we have the impulse to spend all our savings while repaying debts.

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Democratic primary defendant Pang Chi-ming admitted that in order to cater to the pro-independence voters, he "pretended to be more radical than he actually is" during the primary. The judge questioned why Pang did not join the Democratic Alliance for the Betterment and Progress of Hong Kong (DAB), to which Pang replied that the DAB would have lost under the prevailing social atmosphere at that time. The judge also questioned why Pang included promises in his platform that he would not fulfill, and whether this was deceiving the voters. Pang claimed that the voters have clear judgment and that is why he received fewer votes. Pang identified himself as a localist and explained that it is not important to label himself as such because he is a Hong Kong native who wants the best for Hong Kong. He stated that he needs to let the voters know who he is.

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With the transformation of technology and industry, the rise of the platform economy has had a significant impact. The platform economy has played an important role in expanding demand, fostering innovation, creating employment and entrepreneurship opportunities, and supporting public services. In terms of expanding demand, the platform economy provides convenient services and products that meet the growing needs of people. In terms of fostering innovation, the platform economy drives innovation across various industries, bringing forth more business opportunities and growth potential. In terms of employment and entrepreneurship, the platform economy offers more job opportunities and encourages economic development and employment growth. In terms of supporting public services, the platform economy provides more efficient and convenient public services, improving people's quality of life. In conclusion, the platform economy has made significant contributions to society in multiple aspects.

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