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Greek Turkish Economy Forum 10-11 May Bilgi University

We have the pleasure to announce the Greek-Turkish Economic Forum: Reform—Challenges & Opportunities which will be held in Istanbul Bilgi University on 11-12 May 2014. This conference is jointly organised by Bilgi University , Youth Business Network and International Platform for Young Entrepreneurs  Draft agenda: I. Prospect, Risks and Challenges for European Growth II. Start ups III. Financial Reform and Special Financial Zones and Its Effect on Real Economy IV. Renewable Energy V. Turkish Venture Capitals
 bilgi2
Our forum  believes that in defiance of the deepening economic and financial crisis, of lagging innovation, and of record youth unemployment in Europe, together, using this shared-risk approach, we can empower European youth to play a transformative role in Europe’s future by  offering them the inspiration, resources and mentorship to help them turn their talents, energy, enthusiasm, and innovative early-stage ideas into successful projects and businesses that will stimulate the economy and generate new employment.
GTEG believes Innovation is THE driver for economic growth, social development and citizens’ progress and that Innovation fosters the development of European citizenship, particularly amongst young Europeans, by using the paradigm of shared endeavours and mutual responsibility to communicate the Union’s social and cultural values.
Check the website www.economyforum.org for more information
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How to get a job without degree ?

With the latest recession, a new trend has developed. Companies increasingly ask for degrees or advanced degrees in job applications. It’s not because degrees are always needed, but because there are so many people with these qualifications that companies can use the criteria to wean candidates in the first screen. This screening is particularly hard on three types of job candidates:
  • Laid off Boomers who rose through the ranks without degrees
  • Younger candidates from more rural environments who have only associate degrees
  • Employed Boomers wanting a new job but who no longer qualify for the jobs they currently have much less new positions
For many Millennials the recession resulted in longer education stints as parents encouraged them to stay in school since there were no jobs to be had. Now, many are entering the work force with higher debt, but advanced degrees. Is it Game Over for Boomers? No. Experience still counts for something, just not everything.
When applying for new jobs, here are questions to ask yourself:
  • What knowledge is needed that an advanced degree was desired?
  • Can you demonstrate that knowledge in a different way?
  • Even if you have an advanced degree, is it too dated?
  • What other qualifications might gain attention?
  • How can you get those qualifications or certifications?
Listed requirements in many job postings state: “Degree Preferred or a Plus.” Don’t be deterred. Just because it’s desired, doesn’t mean they’ll get it. Your job is to position yourself as relevant so the lack of a degree is not the deal breaker. One method is continued course work or certifications particularly when you are unemployed. Consider these benefits:
  • Keeping your mind busy
  • Meeting teachers and professionals active in your field.
  • Showing recruiters that you’re a life-longer learner and still in the game
  • Gaining credentials you didn’t previously have
In today’s digital world, some certifications and courses are free while others cost. Some can be done from home, and some require physical class time. Regardless of the certification you seek in your chosen field, the investment is worth your time and effort on many levels.
Employers admire and seek talent who demonstrate a growth mentality – those likely to foster company growth rather than wait to be trained. For Boomers, this means being a candidate dedicated to continued learning/growth opportunities.
Major universities and many organizations now offer MOOCs – Massive Online Course Work. Other groups such as Lynda.com offer trainings with endorsements that can be uploaded to LinkedIn upon course completion. Associations frequently offer industry-specific certifications such as the Certified Association Executive (CAE) designation from the American Society of Association Executives.
Certifications vary and some are easier to obtain than others, but don’t get hung up on the word “certification,” either. Just taking a course and listing it on your resume, or using a course to list “X credits towards Y qualification,” lets a recruiter know that you are growth oriented and not just sitting home licking your wounds.
The trick is to start learning something new of any sort that can give your resume a leg up in the job pool. Keep in mind that in applying for a job you’re asking an employer to invest in you. A salary is no longer just payment for work provided. It’s money invested in hoping you make a difference in the company’s growth. The best way to send an alert that you’re worth the investment is to show that you believe in yourself enough that you also have invested in yourself. That’s the true value of a degree or any course completion certificate.

My offshore start up !Guide and instructions for offshore companies

Offshore business and company are the words with no definite legal or general meaning. In plain words, offshore means “anywhere other than the place of physical location of the person using this word”, in other words – overseas. Offshore business and company are mainly used in relation to the subjects such as structuring of international business and family fortune management. Utilization of international corporate or fiduciary trust structures has many reasons and advantages.

Many individuals and corporations who use offshore companies and planning aspire to:
– Reduce tax – Protect assets
– Manage risk – Enhance assets
– Maintain privacy – Reduce costs
In general, the reasons for using offshore companies for business are:
– Free remittance of profits – Access to top-rated jurisdictions
– Security of property rights – Accessing low cost areas
– Access to tax treaties – Banking privacy
– Availability of offshore experts – Access to foreign insurance
– Customs and duty exemptions – Exchange convertibility
– Enhanced privacy – Government cooperation
– Fair treatment – Territorial taxation
– Sanctity of contracts – Foreign investment inducements
– Fewer restrictions – Tested legal systems
– Higher yields and returns – Sophisticated banking facilities
– The search for political stability – Reduced taxation

Offshore companies are mainly used for:

– Trading – Investment
– Holding – Financing
– Services and consultancy – Intelectual property
– Ship management – Tax planning

Personal and corporate tax planning
company formationOffshore Company Formation is commonly used for structuring of international business and tax planning.

  • Companies incorporated in ‘tax haven’ countries offer individuals and businesses little or no tax liability which include company formation centers such as Seychelles, Marshall Islands, Panama, Dubai, etc.
  • Companies registered in jurisdictions can provide both offshore and onshore companies which may gain from beneficial tax regulations and/or uncommon company systems.
  • Companies registered in many onshore countries with laws which enable systems that are tax favorable for specific international purposes.
  • Although the world of offshore was presented by the media as black-and-white world, it is far more complex. The offshore business includes both tax havens and onshore high tax jurisdictions striving against others to attain international companies and individuals with all methods of regulations and opportunities.

These beneficial regulations are used for diverse tax planning business, such as:

  • Double tax treaty planning in relation to dividends, interest and royalty payments.
  • Formation of international head-quarter treasury, holding and finance operations.
  • Specialized business, for example, leasing.
  • Personal and family wealth management.

To stimulate inbound investments, almost all countries offer one sort of tax regulations or another.

International Business
international businessInternational Business 
Existing opportunities for improving general efficiency presented by low tax regimes offered by the high tax jurisdictions looking to encourage international business have been recognized by the international advisers for some time.
Still, in order to implement such structures successfully, a wide range of issues, frequently relating to subjects such as provisions of anti-avoidance, double tax aversion, controlled foreign company and management and control tests and stipulations, transfer pricing, narrow capitalization, participation indemnity, capital gains tax and a multitude of other ever-changing regulations.

  • Latterly, once held in the arms of the tax collectors, the weapons have now been reinforced by exchange of information treaties and provisions.
  • Nowadays, the offshore world involves skilled implementation of special tax favorable structures domiciled in high tax jurisdictions(Switzerland, UK, Singapore, the Netherlands etc).

 

Delaware offshore company formation -Guide

 

Advantages of incorporation in Delaware

If you want to register an offshore in Delaware please contact author anelixi@ovi.com

Features of Delaware Corporations

Features
Comparison
More Information

The company (entity type) our clients select when raising capital from the public or Venture Capitalists is the General Corporation. Here are some features of the Delaware General Corporation (C-Corporation):
 

Reporting

  • A Delaware Corporation may file a Certificate of Incorporation which does not name the Initial Director.
  • A Delaware Corporation is required to file an Annual Report which must include:
    • The phone number and address of the business
    • The name and address of one officer
    • The names and addresses of all Directors
    • The shareholders are not listed on the annual report and are not reported to the state.

Income Tax

  • There is no Delaware state corporate income tax on goods or services provided by Delaware Corporations operating outside of Delaware.
  • There is no Delaware Sales Tax.
  • Tax Status:
    • The default tax status is C-Corporation. The C-Corporation pays income tax at corporate rates and files a corporate income tax return.
    • If eligible, the corporation may elect S-Corporation tax status. An S-Corporation is taxed at personal income tax rates and the profits and losses are reported on the personal income tax return.
    • If organized as a not-for-profit corporation, the company can apply for tax-exempt status from the IRS.
For more information about tax status see the Corporations section of the Delaware Incorporation Handbook.

Liability

  • The liability of all shareholders (owners) is limited to their investments in the corporation (unless they personally guarantee other debt incurred by the corporation, commit fraud or commingle funds).

Compliance

  • A Delaware Corporation is required by law to maintain a Registered Agent in the state of in the state of Delaware. DBI will be your Delaware Registered Agent and the first 12 months of Registered Agent service is free with the purchase of a New Company Registration Package. The service is $100/year thereafter ($120 outside the US).
  • A Corporation authorizing 5,000 shares or less will pay the minimum Franchise Tax of $75 plus a $50 Annual Report Filing Fee. 
  • A Delaware corporation has the right to conduct Interstate Business and DBI can qualify a Delaware corporation to conduct Intrastate Business; please see the article on Qualification.

International

  • Non-resident, Non-citizens are eligible to form a C-Corporation or a Not-for-Profit organization in Delaware. Non-residents are not eligible to apply for S-Corporation tax status. Please see our section for international businesses.
  • A Delaware Corporation with no US Source Income will not owe US Federal Income Tax.

Investment

  • A Corporation can raise capital by selling shares of stock privately or on a public stock exchange.
  • Ownership of a Corporation is recorded on stock certificates.

 

llc delaware
1.) A Delaware LLC may be owned by any national, regardless of place of residence.
2.) A company in Delaware may have one or more members.
3.) Nominee members can be used not to disclose the owners’ names to the state. The Delaware LLC is not required to report any assets.
4.) The company in Delaware can be operated and managed worldwide.
5.) Tax Savings:
a.) If the business activities and registered office of the LLC are out of state, there are no state income tax
b.) Pass-through taxation
llc taxation

 General
 Type of company LLC
 Shelf company service Available
 Time frame for the company registration 7 days
 Taxes Details
 Double tax agreements No
 Name Details
 Company seal Optional
 Managers
 Number One minimum
 Local officer Not required
 Publicly accessible records Yes Details
 Nominee Manager Yes Details
 Meeting location Anywhere
 Members
 Number One minimum
 Publicly accessible records Yes Details
 Company secretary
 Company secretary Yes
 Residency Anywhere
 Accounting
 Company secretary No
 Auditors No
 Requirement to file accounts No
 Others
 Requirement to file annual return No
 Restrictions on activities Yes Details

Prices in The Philippines

 

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Real Estate For Foreigners
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On this page I put together a wild list of prices in the Philippines which you might find interesting for your daily needs. With this price list, you can also easily calculate you own Cost Of Living in the Philippines

Important Advice : Even if you find some of this prices unbelievable low, compared to your home country, you should still not pay more than they ask. It can’t be in our interest, to flood the Philippines with our prices and destroy the local price structure. You should further think about on how you are ripped off in your home country, as you can see how cheap some goods or services can be.

Updated: July 2013

  • Food:
    • 1 kg Rice ca. 39,- Peso
    • 1 kg Potatoes: 60,- Peso
    • 1 kg Onions ca. 60,- Peso
    • 1 Kg Meat ca. 180,- Peso
    • 1 Kg Fish ca. 130,- Peso
    • 1 Toast bread: 28,- Peso
    • 1 German Bread 50,- to 100,- Peso
    • 200 gr. Salami (Imported) ca. 165,- Peso
    • Jam local: ca. 75,- Peso, Import ca. 180,- Peso
    • 1 Bottle. Bier, San Miguel Pilsen, 0,3 Li: 18,- Peso
    • 1 Li. Coca Cola: 22,- Peso
  • Multimedia
    • TV 32″ LCD Flat screen: from 17.000,- Peso
    • Computer whole Sets: from 15.000,- Peso
    • Digital Camera from 3500- Peso
    • Telephone Land line: 550,- Peso/Month
    • DSL Flat rate 1000 mbit/sec. incl. Telephone 999,- Peso (Globe)
  • Living & Kitchen :
    • Refrigerator: 12.000,- to 20.000,- Peso and up!
    • Oven (Gas, emit 3 Flames): 16.000,- Peso
    • Simple Gas Stove: from 1200,- Peso
    • Gastank 16 Kg Exchange: ca. 700,- Peso (good for about two month)
    • Rice Cooker : from 600,- Peso
    • Microwave: from 2800,- Peso
    • Cabinet: from 10.000,- Peso
    • King Size Bed (good Quality) with mattress: from 23.000,- Peso
  • Car, Motor Bike & Transport :
    • Motor-Bike Honda Wave 125 cc from 55.000,- Peso
    • Motor-Bike made in China , 110 or 125 cc from 35.000 Peso
    • China Chopper, Loncin, 150 cc from 36.000,- Peso
    • Multi cabs (Surplus, from 135.000,- Peso
    • Multicabs used from 50 – 70.000,- Peso
    • Used Car, ca. 6 to 10 years old from 150,000 – 250,000,- Peso
    • New Car from 500.000,- Peso
    • Taxi Meter: 25 km ca. 600,- Peso (Meter x 2 for long distance)
    • Jeepney, public transport, 25 km distance: 25,- Peso
    • Mini Bus, Van, Aircon 25 km: 60,- Peso

How to Start Your Own Business While on the Job

Becoming an intrapreneur isn’t something people typically fall into. If you want it to happen, you’re going to have to get out there and make it happen. And to do that, you’ll need a plan.

Item number one on your list is to master your job. This is actually a two-parter. First, become an expert in your current role. Second, you’ll need to hit certain milestones if you want to pull this off. The first one is being at your job long enough for you to learn your role and feel that you could teach everything you do to another person. You need to prove your worth and demonstrate that you can handle the responsibilities you were hired to do. You’ll also want to build in enough time on the job to make your boss look like a rock star and gain his trust before you venture outside your role. Otherwise, you’re going to have a really tough time getting him to buy into and support your ideas (and to support you in your desire to expand your role in the company). In my experience, it usually takes six months to get to this point. Of course, if you can do it in less time, great! But don’t rush things. It’s better to take a little more time than to try to make a move when you’re really not ready.

Throughout this process — and throughout your entire career — it’s important to think in terms of how you can best leverage your strengths and weaknesses to help your company succeed. What are some things your company does really well? What does it do less well? What should it be doing to improve? How can your strengths and intrapreneurship goals get your company where it needs to go? With that in the back of your mind, you’ll be better able to articulate to your manager how your intrapreneurial idea will benefit the company.

You’ll also need to be able to clearly define your objectives and metrics.

In other words, what does success look like and how can you measure it? Be absolutely sure that your project aligns with the corporation’s mission and values.

If you want your company to support your idea, you’ll need heavy hitters behind you. Start with your manager. Sit down with them and talk about the potential opportunity you see. They’ve worked at the company longer than you have and they know the path to making a project successful, including how to assemble a team and how to get decision makers to buy in. Have a presentation that describes the opportunity, how it benefits your company, and what resources you’ll need to execute (people, materials, funding). Once your manager is solidly backing you, ask for their help in lining up a senior executive or major decision-maker inside your company to put his or her name on the project. That will help you get the resources you’ll need to give you the greatest chance of succeeding.

Remember, this is your project, and you want to be the center of attention, right? But don’t try to do everything — you’re going to need help. In addition, trying to do it all makes you seem either like you can’t get others to work with you, you can’t delegate, or you’re trying to hog all the glory. Instead, surround yourself with people who have skills you don’t but who can make your idea even better. Look for people who are passionate about the idea you want to develop. Some will come from inside your organization, but others may come from outside.

Optimism and self-confidence are great qualities for intrapreneurs and entrepreneurs alike. But they can easily turn into naïveté if you don’t have a backup plan. Having a great idea, a great team, strong backing, and deep resources significantly increase your chances of success. But even with all that, sometimes things don’t work out the way you’d hoped. Life can be awfully unpredictable, and it doesn’t pay to be overconfident. There are too many factors beyond your control, such as your company’s health, management changes, and corporate mergers. So you’ll want to have a backup plan — at the very least so you can salvage the work you’ve done and have something to show for it. Not having a contingency plan is just plain foolish (and it’ll be interpreted by people you’re trying to turn into allies as amateurish and immature).

You also want to have a contingency plan because intrapreneurship, just like entrepreneurship (and everything else in life, for that matter) is risky. You could get laid off tomorrow. You could get hit by a bus on the way into the office. Likewise, there’s no guarantee of success in business — most ideas fail.

Taking risks is what builds successful careers. Those who don’t, get stuck (in fact, I’d argue that not taking risks at work will be more harmful to your career than failure, because your company needs new ideas in order to grow. So if you’re holding back on proposing a new internal business opportunity, don’t. And keep in mind that you could benefit even if your project doesn’t get funded.

Two final things and then we’ll move on. First: As you go through the process, check in with your team to learn what’s working and what isn’t, what you’d need to do to improve. How could you prevent mistakes in the future and repeat your success? Intrapreneurship is all about experimenting/testing ideas, measuring the results, and improving on them. It can sometimes take a few tries to figure out whether or not something is right for your company. Finally, as soon as your project is up and running, start thinking about your next one and what kinds of people, backing, and resources you’ll need to build it out.

This post is an excerpt adapted from the author’s book, Promote Yourself: The New Rules for Career Success.

Dan Schawbel is a Gen Y career and workplace expert, the Founder of Millennial Branding and the author of the new book, Promote Yourself: The New Rules For Career Success (St. Martin’s Press). He made the Inc. Magazine 30 Under 30 in 2010 and the Forbes Magazine 30 Under 30 in 2012.

The Young Entrepreneur Council (YEC) is an invite-only organization comprised of the world’s most promising young entrepreneurs. 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.

Entrepreneurial Adventur.es with Brent Beshore

Interview with Brent Beshore about starting his business Adventur.es.

Hiscox-Small-Business-Insurance-Logo-600This is part six of the ten part series. Follow the Starting a Business as a Young Entrepreneur interview series and don’t miss an interview! 

Interview Series Sponsored by Hiscox Small Business Insurance.  Hiscox  specializes in protecting IT/technology, marketing, consulting, health and beauty, photography and many other professional services businesses, tailoring coverage to the  specific risks in your industry.

At the age of 7, Brent Beshore partnered with a neighborhood friend to manufacture bows and arrows in the U.S. to sell in Guatemala.  There might have been some holes in his plan, but Brent’s entrepreneurial roots and intuition have grown stronger over the past couple of decades.

Today, Brent’s endeavors are just as ambitious, and even better prepared. Brent is founder and CEO of venture capital firm adventur.es, venture partner at Gen Y Capital, an angel investor, and owner of Beshore Family Vineyards.

Brent has entrepreneurship deeply rooted in his genes.  His great-great grandfather invented the bedspring and his grandfather helped in turning a $4 million dollar company into a $4 billion dollar company.

Adventur.es, founded in 2007, is a problem first venture capital firm that seeks out significant widespread problems to solve through starting new businesses and making select angel investments.  A problem that the company is currently attempting to solve is obesity.  After working with researchers for the last 18 months, they believe that they can make a difference and will be launching a new company in February or March of 2014.

Over the past 6 years, the company has experienced rapid growth, and was 28th on Inc.’s 500 Fastest Growing Companies list in 2011 and reached $6.8 million in revenues with 62 employees. Brent credits adventur.es’ success and growth to intellectual honesty.  When trying to find solutions for challenging problems, most people have their own ideas of how to address that problem.  Most of these ideas and viewpoints will be wrong.  Brent pointed to the ability to adopt new perspectives and being honest through the process as significantly helping fuel the growth of adventur.es.

Q: What has been the hardest thing you have encountered as a young entrepreneur?

A: “The emotional rollercoaster…you can feel like a million bucks one minute and ten minutes later you feel like you’re scum of the earth.”

Like almost every successful entrepreneur on the planet – Brent has failed and struggled along the way.  “When things are going great don’t burn out, and when things are going bad don’t try to hide.  Early on in my career that was a huge challenge.  I went through a period of two years where I think I cried in my office 2-3 days a week.  You feel like you can’t do anything right and a lot of people are going to call you a failure.  I finally realized, for the most part, people don’t care.”

Brent has reached a high level success at the age of 30, but one thing that he feels he still wants to accomplish is to have a big defining moment that makes a significant impact on the world.  “I feel like we’ve done a good job. We made some money, we’ve helped quite a few people, but we haven’t had that hugely denting the world moment yet.”

Don’t settle for just the highlights – listen to the full interview audio below!

Interview Highlights

– Brent’s thoughts on whether starting a business at a young age is an advantage or a disadvantage and why he believes that young entrepreneurs should lean towards products instead of services.

– Favorite part about being an entrepreneur: “It’s just this incredible, awesome experience to bring together a community of people. I was the initial spark for it, but it’s grown way past me…the greatest reward.”

– What’s the best way you can protect your business? “Don’t try to control people.  I know that’s a little counterintuitive because we think of control as a positive thing in the sense of – if you have control, that’s good.  I’ve learned personally, the more open, transparent, and authentic I am, and the less I try to control them…the better things happen.”

– Best piece of advice for people under 30 to do right now: Read. The smartest people in the world are telling us their secrets.  Brent reads 1-2 hours every day and says that they are the hands down most productive hours of his day.

– “Embrace the fact that you’re not always going to be productive.”

– If you could add any entrepreneur to your team, who would it be and why? Aaron Levie from Box.  Intelligent, funny, intellectually honest and one of the best Twitter philosophers.

Listen to the full interview here:

Podcast: Play in new window | Download

 

Read more interviews from the Starting a Business as a Young Entrepreneur Series

About the Author: Michael Luchies

Michael Luchies is an entrepreneur and passionate supporter of everything entrepreneurship. Michael is Co-Founder of PitchJam and is National Growth and Programs Manager for the Collegiate Entrepreneurs’ Organization (CEO). He has been covering entrepreneurship over the past 5 years and has been published on Under30CEO, Yahoo!, Yahoo! News, ThinkEntrepreneurship, PitchingGreatness, and other websites and publications. On Twitter @MichaelLuchies.

Bedriye Hulye: opening new doors for women in Turkey

Serial entrepreneur Bedriye Hulye is passionate about leveraging her unique business model to create a new and brighter future for Turkish women.

 

 B-Fit, Hulye’s chain of women-only gyms, today has over a hundred and sixty thousand members. Two hundred and fifty women franchisees in nearly fifty cities across Turkey and Cyprus employ a further five hundred women.

“B-Fit is sometimes considered discriminatory because of its women-only model,” Hulye tells wamda.com. “But we believe that in order to close the huge gender-gap in countries like Turkey, where there are neither quotas nor positive discrimination policies, we have to provide specific tools focusing on women’s development.”

With a twenty-year entrepreneurial background which includes the founding of a restaurant, two hotels, and an importing company in Turkey, Hulye took some classes at business school in New York in 1998. While there, she joined a women-only gym where she was introduced to a thirty-minute rotation programme, and the idea of taking the concept back home to Turkey was born.

“I saw an opportunity to enable Turkish women to empower themselves,” she tells ashoka.org. In early 2006, with funds from her personal savings and investments from a few close friends, she opened the first branch of b-Fit in a middle-class neighbourhood of Izmir. A month later, with no advertising other than word-of-mouth referrals, the gym had attracted fifty members.

Hulye realised that to expand the business, the franchise model would be ideal, perfectly dovetailing with her vision of empowering women and girls and enabling them to become entrepreneurs in their own right. “We expect our franchisees to be solution-orientated, motivated, and friendly,” says Hulye. “We don’t base selection criteria on education level or previous work experience – in fact, many of our franchisees have very basic education and have never worked in their lives before.”

B-Fit franchisees are provided with constant support in entrepreneurship, management, communication, and gender awareness, and are brought together at regular intervals to build a strong sense of community. The model combines a gym with a community centre, creating spaces where women of all ages and backgrounds have the opportunity not only to improve their health and fitness, but also to come together socially and to develop a range of business and life-skills.

“Women’s physical, mental, and economic empowerment is central to the b-Fit model,” Hulye says. “The centres are founded and entirely managed by women, creating opportunities for them to start, grow, and own businesses while mastering skills that help them survive in this entrepreneurial life. In turn, they become role models and local changemakers, inspiring many more to follow.”

As the largest and most widespread health and recreation chain in Turkey, b-Fit has significantly transformed a sector which has traditionally been dominated by male-only billiard halls, weightlifting saloons, and football fields. Traditional gender roles are strictly enforced, and women have been largely financially dependent on fathers or husbands and vulnerable to violation of their basic human rights. Hulye and her team encourage franchisees to invest back into their businesses for greater sustainability, and to make informed financial decisions for their own economic security.
“Inequality is enmeshed in our relationships and our norms,” says Hulye. “In a country where ninety-two percent of all immovable property is owned by men, it is also part of women’s empowerment to make smart financial investments for their future.”

To make b-Fit available to even the most-disadvantaged  women, Hulye is partnering with local social organisations in impoverished regions of Turkey and has already set up one low-cost centre for this purpose. She continues to focus on developing a strategy for sustainability and further spread in lower-income groups, as well as planning to expand the b-Fit model to other countries across the Middle East.

With her vision, passion, and commitment, this inspiring entrepreneurial role model is truly making a real difference in the lives of thousands of women and girls.

Watch our interview with Bedriye Hulye

10 Easy Money Saving Tips for Students

As a student, you are probably prepared to learn a lot of new things. Saving money is one of them! The words ‘college’ and ‘broke’ often go hand in hand, but it is never pleasant to not be able to pay for your coffee. Full time students, who come from average-income families, are often on a very tight budget. When everyday expenses come into the picture, the students themselves are responsible and they have to learn how to manage them properly.

Whining about your situation won’t get you anywhere, so the first step towards improving your life is learning how to save money. This article has got you covered with ten easy tips that can literally change your quality of living.

1. Forget about the expensive habits

Drinking expensive coffee, hitting the bar on the weekends and smoking are habits that add up quickly and have a huge impact on your budget. I’m sure that your day starts better with a gourmet coffee from a fancy coffeehouse, but that eats at your income with $100 a month; and it’s just coffee. If you make your own coffee at home, you will only spend around $10 a month and you can still choose high-quality coffee. Don’t let me start on smoking, because it is ridiculous to waste your money on cigarettes and find yourself in a tight budget situation when it comes to the really necessary things.

The Startup Europe Manifesto: A plan for a more entrepreneur-friendly EU

Teach children entrepreneurship, roll out a pan-European Startup Visa and make it easier for high-growth companies to go public – those are just three recommendations from a 22-point plan that a group of leading European tech entrepreneurs have put forward to the European Commission in a manifestopublished today. Now they’re looking for you, the startup community, to support it.

The Startup Europe Leaders Club is an independent group of entrepreneurs assembled by Vice-President of the European Commission, Neelie Kroes to act as a steering group of sorts for policies relating to entrepreneurship and the Internet economy.

As we reported at the time of its launch, the Club is made up of Spotify’s Daniel Ek, Rovio’s Kaj Hed, TCIO’s Joanna Shields, Seedcamp’s Reshma Sohoni, Tuenti’s Zaryn Dentzel, Atomico’s Niklas Zennström, Hackfwd’s Lars Hinrichs and The Next Web’s co-founder, Boris Veldhuijzen van Zanten.

The 22 recommendations are divided into seven themes: Education & Skills; Access to Talent; Access to Capital; Data Policy, Protection & Privacy, and Thought Leadership. The Leaders Club worked with the Founders Forum in London to formulate the plan.