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Top Entrepreneurial News of the Day

23 July, 2010
  • Much More than Office Space – Pool Together – Entrepreneur.com: All over the country, small businesses are taking to shared spaces rather than offices. This is not only more economical, but it gives entrepreneurs the opportunity to support and network with each other at the office.
  • Why Young Entrepreneurs Fail – Young Entrepreneurs – Entrepreneur.com: You might hate your corporate job, but here are some tips before you take the big leap into entrepreneurship.
  • : Major banks are being told to ease their guidelines for giving loans to small businesses, and many are. However, small businesses are not going after these loans, even if they qualify for them, because the economy is constantly fluctuating.
  • Stock Screens Don’t Tell the Whole Story « Intelligent Investing – Forbes.com: Stock screens only give a glimmer of a company’s whole story. Do the research before you invest in a company. If you don’t, you could end up losing a lot of money because you didn’t look at the full picture.

Categories: general

Tags: advice banks bold business career entrepreneur finance money shared work space stocks tips

The Surprise of a Lifetime

21 July, 2010

Contributed by Marc Datelle is the President and CEO of Anduro Manufacturing.

Due diligence: It’s what you do before investing in a company to ensure the deal is right, and that there are no hidden problems that will emerge once you’ve committed. But two lawyers, a mortgage broker, two investment advisors and a handful of CPAs aside, more than a year after closing our deal we were battling a perfect storm of broken promises, unfulfilled commitments and unhappy customers— and absorbing the associated costs amounting to more than our original investment.

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Categories: general

Tags: advice bold business business idea career marc datelle money

Top Entrepreneurial News of the Day

21 July, 2010
  • To Incorporate or Not to Incorporate? | Small Business Daily News, Blogs, Commentary: Incorporating or forming an LLC does not mean that you have to become a rigid workplace, just that you acknowledge the protection it gives your personal assets and the tax benefits for your business. It’s a smarter way to do business, even for small businesses.
  • How to Take Your Business Idea for a Test Drive | Small Business Blog: Sometimes a good idea is simply that, a good idea. But how do you turn a good idea into a business? By taking your idea to a group of people who will help troubleshoot possible problems and help you learn what to do. Learning from experienced and successful business owners can mean the difference between stumbling multiple times and succeeding in a short amount of time. So, invest in your future and train how to be a successful business owner.
  • Simply Business Podcast – Understanding the Challenges for Starting a Business: This podcast focuses on the challenges that entrepreneurs face when starting a business. It gives a brief overview of creating an elevator pitch, financing the business in the beginning, how to handle doing business in the recession, keeping a low overhead and the personal hurdles that come with starting a business.
  • Five Lessons to Learn from Web Startups: Some of the best parts of companies are found in Web startups. These qualities are nurtured through these companies to produce company atmospheres that keep employees and customers coming back for more. “1. Your company culture can be fun. 2. Work can be done anytime, anywhere. 3. You don’t need a lot of money to have a good time. 4. It’s OK to change your mind. 5. A small risk can return a great reward.”

Categories: general

Tags: advice bold business business idea career incorporating pod cast test drive web startups

A New Way of Networking

19 July, 2010

A crucial component of sales is building and leveraging a personal network; however, not everyone is comfortable dealing with aggressive sales types. So, I came up with a different way of networking— a system based on referrals and patience. Earlier in my career, I was more focused on learning than networking. The bonus to focusing on educational events is that networking is usually a part of the mix.

When I attended an event, I would make a point of meeting at least one person I felt I could hang out with during the event. The goal was to have someone to talk to and with whom to share ideas and thoughts about the content, attendees, speakers, etc.

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Categories: general

Tags: advice bold career entrepreneur kent lewis networking

Top Entrepreneurial News of the Day

19 July, 2010
  • Tips for Dealing with Cash Crunches – WSJ.com: When dealing with money in a tight economy, there are normally going to be some budget cuts to keep the business afloat. The best way to do this is to understand where your money comes from and how to save it.
    buying viagra in a canadian pharmacy

    Colleen Debaise discusses different ways to identify money-making and -saving strategies.

  • The Easiest Way to Raise Money – Entrepreneur.com: For entrepreneurs, money doesn’t grow on trees. So then, why are they continually wasting their hard-earned dollars on things they don’t need? Because they don’t know they don’t need them. Kate Lister identifies key money-wasting areas in this article.
  • Using Twitter for Your Business? Be Very Careful You Don’t Get Suspended | BusinessBlogs Hub: Social-media sites are unlimited sources of goodness, right? Wrong. One business blog explains how their Twitter account was suspended, and how to use social media in a way that promotes business instead of offending Twitter.
  • Seth’s Blog: Self-Marketing Might Be the Most Important Kind: When discussing your business, you always have something to say … but do you have something to say about yourself? Seth Godin gives a brief blurb about how to promote yourself from within.

Categories: general

Top Entrepreneurial News of the Day

16 July, 2010
  • How to Avoid Stress in Your Small Business: Some people become successful in business by stressing over every detail. For people who own their own business, working too much begins to negatively affect the rest of their life. To take control of your stress levels, chip away at the little things that stress you out. From getting all of your outfits together for the week, to working out of the house, to eliminate traffic stress– it is all about taking into consideration how you feel. “Clark’s advice to others who want to get off the treadmill is to ‘look at what’s important in your life and your values. If you want to make a change, make it. I’d never go back to the corporate rat race again.'”
  • Putting Safeguards in Place to Prevent Employee Fraud at a Small Business: In any business, employee fraud hurts the overall company; however, in a small business, it could ruin it. No matter how much you trust your employees, they are the ones that you depend on, but they are also the ones that you need to watch, especially in today’s economic climate. Here area few things to do to keep an eye on employee fraud: “Before hiring anyone, conduct a background check. Keep an eye on each other. Invest in fidelity coverage. Enable anonymous whistle-blowing.” With these tips you could save yourself some headaches and your business.
  • Online business tips: How to Build Trust Online – by Natalia Jones – Helium: Sometimes it’s hard to put together a Web site that says to customers “trust me.” It depends on a lot of factors that typical business owners try to capitalize on, yet sometimes those instincts to get out there and advertise, advertise, advertise are counter productive. Natalia Jones goes over a few key tips to developing trust online. “1. Scale Back on Your Advertising. 2. Be Accessible and Reliable. 3. Provide a Photograph. 4. Think About Adding a Blog to Your Web site. 5. Use Customer Testimonials.”
  • Politicians Discuss How to Strengthen Small Businesses:Senate Majority Leader Harry Reid, Senate Small Business Committee Chair Mary Landrieu, and Senator Mark Warner talked with Small Business Administrator Karen Mills and Terry Gardiner of the Small Business Majority at a press conference yesterday morning to discuss efforts by Senate Democrats to strengthen and support America’s small businesses.

Categories: general

Top Entrepreneurial News of the Day

9 July, 2010
  • Skinny Girl, Fat Profits – Bethenny Frankel – Entrepreneur.com: Not only is Bethenny Frankel a wife and mother, but she also finds time to manage her bestselling books, Skinny Girl line and skin-care products. She was able to do some massive marketing through the TV show, “The Real Housewives of New York,” and before she knew it, her businesses took off. Frankel gives an interview to Entrepreneur.com about how she created this life, how she balances it and what the next steps are.
  • Keep Your Credit Clean – Entrepreneur.com: In order to get any business off the ground, you have to maintain good credit and great banking relationships. Here are a few ways to ensure you’re able to stay on steady financial ground.
  • How to Measure Success in Your Business | Toilet Paper Entrepreneur Blog: Everyone wants to know how to determine if their business is a success. The Toilet Paper Entrepreneur put together a pretty comprehensive list of 100 ways to tell if you business is a success.
  • NetQuote CEO Paul Ford Named Ernst & Young Entrepreneur of The Year® 2010 Award Winner in Rocky Mountain Region: As we reported earlier, NetQuote CEO Paul Ford will join David Friend in the running for the Ernst and Young Entrepreneur of the Year 2010. Paul Ford won his regional award for the Rocky Mountain Region.

Categories: general

Top Entrepreneurial News of the Day

2 July, 2010
  • : The all-encompassing question of “to build or to buy” is discussed in this article. It also discusses the benefits and costs of each option.
  • How to Determine Your Own Salary: A “how to” article about defining your salary and what to base it on. These are great guidelines for any entrepreneur and CEO.
  • What Kind of Entrepreneur are You? The Five Types of Entrepreneurs | Inc.com: This slide show goes through the different strengths of entrepreneurs and touches on the five types of entrepreneurs.
  • Well-Educated Job Hunters Still Stuck – WSJ.com: Sample news from the Wall Street Journal.

Categories: general

10 Reasons Social Media is Good for Business

30 June, 2010

By Kent Lewis, President of Anvil Media, Inc.

1. Your customers and competitors are already there; they’re joining in droves every day and can’t be ignored.

2. Social media offers an excellent resource for research and development; your constituents are helping your products and services evolve (world’s most affordable focus group – if you’re listening).

3. Social media offers affordable, efficient service and support medium(DIY videos, images, blogs, wikis, etc.).

4. Social media offers an excellent industry/competitive research vehicle (we use it for keyword trending and development of SEM messaging and offers).

5. Social media offers effective techniques for online reputation management.

6. Social media offers a proven platform for customer engagement and empowerment (Lion Brand Facebook case study).

7. Social media offers proven ad platforms, including Facebook and LinkedIn, if it’s targeted, timely and relevant (DIBroker case study).

8. It’s highly measurable, yet difficult to measure, but you win either way (Wal-Mart’s Glad Bag theory).

9. Large brands are helping refine and validate ad revenue models, as well as police the social media space for everyone else.

10. According to research, socially engaged organizations are more profitable (ENGAGEMENTdb, eMarketer).

Categories: general

Tags: business social media top 10

Top Entrepreneurial News of the Day

30 June, 2010
  • Entrepreneurship Advice for the Class of 2010: Did you just graduate college, or are you considering starting your own entrepreneurial venture? Burton Goldfield gives well-rounded advice on how  to create a business that survives the first five years.
  • In Business and Family, Something Has to Give: Lisa Druxman discusses the difficulties between balancing a professional and personal career. She also provides key ways to create a doable schedule and maximize your time.
  • 2010 Mid-Year Preview: Ethan Harris, Head of North America Economics for Bank of America and Merrill Lynch, discusses what it will take for the economy to get back on track.
  • Is Your Shotgun Partnership About to Backfire?: “No matter how solid they seem, some partnerships are destined to fail,” states John Warrillow, “which is why you should be concerned if your shareholders agreement includes a shotgun clause.” Warrillow explains the risks of a shotgun clause, why a partnership can falter and how to see it coming before you sign the documents.
  • Need a Business Card Makeover?: Moo.com is offering a free business card makeover to 500 small business! To apply, you must visit The Business Card Project , show them your existing business card and tell them how you think they can help your business grow through a business card makeover.

Categories: general

Tags: advice business business cards entrepreneur graduates News

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