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Top Entrepreneurial News of the Day

1 September, 2010
  • How to Manage Your Company’s Brand: Tips to manage your own brand; Find the right marketing vehicle, utilize new media, always keep a high profile and establish brand consistency.
  • Forbes.com Video Network | Serial StartUps: Mogul, Yogi, Entrepreneur: Check out this 2 minute video of Russell Simmons describing his inspirations and how he excels at being an entrepreneur.
  • China’s Rebound Eases Slump Fears – WSJ.com: While many expected a bad month for China’s manufacturing, they were wrong. China’s economy has become the second largest in the world and is helping with the slow recovery in the West and the struggling economies in South Korea and Taiwan.
  • Obama Closes Iraq War With Focus On Us Economy – Capital – Portfolio.com: This summary of President Obama’s Oval Office address shows the main themes of the speech: Operation Iraqi Freedom is over and the economy.

Categories: general

Tags: bold branding China economy entreprepneur finance iraq war marketing mogul new media president obama russell simmons united states of america

Company Culture: The Good and The Bad

31 August, 2010

Contributed by Shona Mackin, the managing director of Freedom Events.

I knew I was on track with my company culture plan when, on the office suggestion board one day, an employee had written “dress as a pirate” day. I run a call center, and it’s important for me to have a team that’s energetic and committed to establishing an enjoyable workplace. Though creating a fun-filled work environment may sound like an easy project to initiate, it’s not as easy as it sounds.

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Categories: general

Tags: advice bold business career company culture employees entrepreneur entrepreneurship tips

What Poker Taught Me about Business

30 August, 2010

Contributed by Jeff Goldenberg, the CEO of Post Oak Productions.

Poker’s universal appeal stems from the fact that it is easy to learn, extremely social, provides the opportunity for profit and takes a lifetime of commitment to master. The parallels between success in poker and in business are numerous, and they are worth examining during these trying economic times. Winning at poker and at business both rely on identifying where you have a positive edge, measuring your odds, trusting your instincts, escaping the “sunk cost trap” and committing to constant learning and improvement.

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Categories: general

Tags: advice business career entrepreneur entrepreneurship money small business

Top Entrepreneurial News of the Day

30 August, 2010
  • The Katrina Effect How Entrepreneurs Helped Restore New Orleans – Business News – Portfolio.com: Entrepreneurship has grown in the devastated city of New Orleans since 2005. There are 8,222 more businesses there than there were in 2004, 450 per 100,000 people are starting their own business and the wages have grown 14 percent in the past five years. Read this article to get an inside look into how entrepreneurs helped New Orleans recover.
  • If You Want To Be The Boss, Don’t Act Like A Secretary – Forbes.com: Women in the workplace have a difficult time trying to fit into the team. The study conducted showed woman taking the role of a “compiler” organizing and shaping the project from the inside more than any other group position. The author points out that, “an individual has to showcase other skills and abilities and step into the spotlight and not just passively or invisibly shape a project.” Women need to take an active leadership role and that is not just writing other people’s ideas down.
  • Japan’s Central Bank Disappoints The Markets – Robert Olsen – Asian Values – Forbes: Both Prime Minister Naoto Kan and the Finance Minister Yoskihiko Noda expressed the need for changes in Japan’s monetary policy. This is due to the yen’s rise of 83.58 last week which is hurting the export-driven economy of Japan. The Japanese government is expected to expand on their stimulus package and outline details on Tuesday.
  • Seth’s Blog: Professionals, amateurs and the great unwashed: Seth Godin explains the benefits of hiring a professional, an amateur or someone who thinks it’s just a job.
  • 10 Things Employees Want Most: Disgruntled and annoyed employees will not be as effective in their job as happy employees. So what is it that all employees want? This article identifies 10 things: 1. Employees want a purpose. 2. Employees want goals. 3. Employees want responsibilities. 4. Employees want autonomy. 5. Employees want flexibility. 6. Employees want attention. 7. Employees want opportunities for innovation. 8. Employees want open-mindedness. 9. Employees want transparency. 10.Employees want compensation.

Categories: general

Learn to Expect the Unexpected

27 August, 2010

Contributed by Ricardo Ordonez, the CFO of International Rubber Products, Inc.

As an entrepreneur, I have to keep an eye on a lot of things. Whether it’s in America or overseas, tasks can slip through my fingers before I realize they have hit the floor. One of the keys to being a successful international businessperson is to prepare for unexpected surprises. I learned how to do that the hard way.

My company has been conducting business in China for more than six years. Since 2001, our relationship with the Chinese has evolved from outsourcing to joint venture to a wholly owned foreign enterprise. Our international business was going great until we encountered a big—and expensive—surprise.

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Categories: general

Tags: advice bold business career entrepreneur entrepreneurship lesssons learned tips

Top Entrepreneurial News of the Day

27 August, 2010
  • Win Six Months of Free PR – Inc.com: Vantage Communications, a public relations firmed based out of San Francisco, is offering six months of free services! Apply by September 17 2010, and get your PR services for free!
  • The One That Got Away – Forbes.com: Jim Baum explains how he took a failure and turned it into a success. His solution is to stay optimistic, and don’t berate a company for their “mistake” in not choosing you.
  • When the World is Your Office – Entrepreneur.com: One entrepreneur explains how she transformed her cycling passion into a thriving travel business.
  • Why I’m Not Hiring – Inc.com: Small businesses aren’t hiring because of stringent lending rules by banks and the economy, as well as new legislation like the Financial Regulation and the Health Care bill that was passed. No one knows if there will be massive, new taxes if you hire, or how much you’ll have to pay for your employees’ health care.

Categories: general

Tags: advice business career entrepreneur entrepreneurship failure financial regulation health care hiring jim baum marketing public relations small business success travel world

Personal Values and Their Place in Business

26 August, 2010

Contributed by David Kutoff, the President and CEO of Materials Processing Corporation.

Remember that Spike Lee movie “Do the Right Thing?” It was made in the 1980s, and though it had nothing to do with business, the title’s four simple words are about as true as any I’ve ever heard. We’re living in turbulent times— economic upheaval, political confusion, environmental challenges.

As entrepreneurs, it’s more critical than ever to lead by example, to set a straight path for our companies and employees, and to motivate the industries in which we work to follow our lead.

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Categories: general

Tags: advice bold business career community customer service david kutoff entrepreneur entrepreneurship exceed standards lead by example personal values

Top Entrepreneurial News of the Day

26 August, 2010
  • The Top 10 Companies of 2010 – Inc.com: Thompson’s company Ambit Energy, an electricity and natural gas provider, has grown quickly because he keeps a keen eye on overhead and makes shrewd decisions.
  • The Best Laptops for Mobile Entrepreneurs – Entrepreneur.com: Buying a laptop to fit your business is officially no longer easy. Previously unimaginable technologies and intense competition have spawned a new generation of business-class portable computers, each vying for a niche in the small-business world.
  • Apple and Google Bet on Mobile Ads – CNNMoney.com: The mobile advertising business is puny. But don’t tell that to Google and Apple. Advertisers are on track to spend only $1 billion globally on mobile advertising this year, compared to $45 billion on all online ads, according to Sandeep Aggarwal, analyst at Caris & Co.
  • : Many businesses have quality products and services, a realistic strategy, well-defined mission and skilled people. Yet they can’t seem to gain traction, deliver consistent results or grow.

Categories: general

Top Entrepreneurial News of the Day

25 August, 2010
  • Four Money-Saving Benefits – Entrepreneur.com: As an entrepreneur, you are always looking for ways to save money. Here are some interesting money-saving ideas that will help you improve the productivity of your employees.
  • There’s a Lot of Cash Out There – You’re the Boss Blog – NYTimes.com: Banks will have to start lending to small business soon, and not just because the government is pressuring them, but because their shareholders are demanding it. The economy just needs a boost of morale.
  • Seth’s Blog: Little Lies and Small Promises: Small lies can easily turn into big ones. Seth Godin warns against dipping a toe into the “small lies pool,” and the importance of keeping your word.
  • Small Business Blog – You’re the Boss Blog – NYTimes.com: Brooke Partridge did what she could to save her business. Check out this video to discover how she did it, and how she’s still succeeding today.

Categories: general

Tags: advice banks finance how to save a business integrity money nytimes.com relationships saving money seth godin trust truth

The Power of Peers

25 August, 2010

Contributed by David Cumming, the CEO of Hannon Hill Corporation, located in Atlanta, Georgia.

As entrepreneurs, we’re always so busy forging new relationships with partners and clients that we tend to forget one of the most priceless opportunities: peer-to-peer networking. There is a wealth of knowledge within the entrepreneurial community, and all it takes is a one-on-one meeting to realize that all of the business answers we seek could potentially come from our peers. I came to this realization some time ago, and have since made it a point to proactively involve myself in the lives of fellow entrepreneurs.

How do I do this? It’s simple: I invite them to lunch.

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Categories: general

Tags: advice biggest challenges bold business career david cumming entrepreneur entrepreneurship major trend networking peer power of peers

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