[preserve] [/preserve] For the past four years, we have been infantry officers in the Marine Corps. We’ve each done two tours in Iraq.
From OPEN Forum: Bored on a conference call or in a meeting? Here are 10 tips for keeping your sanity and boosting your productivity.
A great list from restaurateur Bruce Buschel in the NYT.
These days, you might find yourself in a job interview in the comfort of your own home. Interviewing over Skype or a similar service isn’t all that different from interviewing in person, but there are some things you need to keep in mind. Here’s some good advice on the topic:
Business owners could face a new credit squeeze as early as next month, in what amounts to a gap period between the expiration of two popular stimulus provisions and the ramp-up of President Barack Obama’s plan to boost loans for small companies.
From Entrepreneur: These days, most U.S. markets are buyer’s markets, meaning that consumers have great leverage to get a lot of value for their dollars.
General Motors’ decision earlier this month to scrap its Saturn brand triggered frequent retellings of the many ways in which GM missed an opportunity to recast itself and the auto industry. But other manufacturers did adopt some of Saturn’s innovations, according to Wharton faculty. Indeed, they say, the Saturn story […]
From OPEN Forum: After a steep drop during the boom of 2005 to 2006, small business bankruptcies have risen sharply as the recession has progressed.
The PicTranslator app lets you translate any foreign text you come across in your travels, simply by taking a picture of it. Take a look:
From Entrepreneur: One of the best ways for an entrepreneur to get a leg up in this competitive climate and distinguish yourself from the rest of the pack is to tell your brand story.
Every major Web browser has come to the conclusion that the backspace key (or delete, for Mac users) should work as a shortcut to the back button — sending you back to the previous page. ‘Backspace’ starts with ‘back’, after all… what’s not to like?
Haven’t got the hang of copying, cutting, and pasting on your iPhone yet? This video runs you through everything you need to know:
: The great advantage online businesses have over other businesses is that you can measure almost everything about your customers.
If you want your business to live on long after you’ve retired to the links or a nice, sandy beach, you need to approach succession as carefully as you do your will. This starts with having a plan, then making sure all your family members and those with future ownership […]
Facebook’s self-service ads are very, very easy to make.
It’s common to think of negotiations and auctions as two distinct forms of deal-making.
We recently ran a feature on some of our favourite business-oriented lectures and interviews available at iTunes University, the iTunes store’s collection of free material from colleges and universities.
…Mr Covey…embodies, in an extreme form, many of the most irritating habits of the guru industry, not least the habit of producing numbered lists of habits.
In the early days of a business, an entrepreneur has no choice but to rely on his personal credit rating. But if you don’t start working on a credit rating for your business right away, it won’t be there when you need it a few years down the line.
Business Know How‘s Brad Egeland delivers advice on keeping your customer base loyal in tough times:
: When your employed friends talk about retirement, do you have a hard time relating? When you think about growing older, do you picture yourself happily still working? As an entrepreneur, you’re not alone.
Five words that Apple (AAPL) would have you believe are true of just about everything you could think of: “There’s an app for that.”
From Entrepreneur: Some small business owners are so focused on attracting new customers they forget to take care of the ones they already have. And neglected customers will certainly be ripe for the picking by the competition. Bob Green, president of The Verdi Group, an advertising agency in Rochester, N.Y., […]
If you’re trying to run a business, you probably think the global economic crisis has been a bad thing. That is, after all, why they call it a crisis.
Gmail, like most Google products, is free, making money through advertising. But if looking at ads is too steep a price for you to pay for great email, there’s hope for you.
: In the past year, the venture capital funding pipeline has gone from a gusher to more of a trickle.
If you are a CEO, you shouldn’t be thinking about running your company. Your goal, really, should be to do as little as possible, according to Isaac Getz and Brian Carney’s new book Freedom, Inc.: Free Your Employees and Let Them Lead Your Business to Higher Productivity, Profits, and Growth […]
As a startup, we try to move as fast as possible. Our chairman, Kevin Ryan, says moving fast is one of his keys to success.
One of the most basic decisions an entrepreneur has to make is whether to take outside capital.
For a new small business, loading up a number of computers with software all at once can be a serious setback.
From Entrepreneur: Carl L. Gould touts his firm, CMT International, as the “farthest reaching business mentoring organisation in the world.”
Study after study shows that you become much more efficient if you go for substantial periods of time without interruption.
At a time of economic distress, it is all too easy to imagine that supposedly wise leaders and elite experts—usually, for some reason, residents of Washington, D.C.—should take charge of major decisions and put things right, imposing order and correcting the errors of a chaotic free market.
Brian Carney’s new book, Freedom, Inc.: Free Your Employees and Let Them Lead Your Business to Higher Productivity, Profits, and Growth , explains how innovative companies are embracing radical approaches to employee freedom. The companies he describes in the book have seen profits rise and have a happier workforce.
From Entrepreneur: Twitter, the social media micro-blogging service, just received $100 million in new funding from T. Rowe Price and New York’s Insight Venture Partners, according to recent reports.
Reading and evaluating resumes is a time-consuming process. You don’t want to cut corners and end up with sub-standard employees, but you should jump on anything that helps you do the job more efficiently.
For almost 30 years, Yale professor Edward Tufte has waged a crusade against poor chart design.
: Going forward, businesses must succumb to the power of the consumer.
Everyone would like to make more money. But if your workforce is unhappy, paying them more won’t magically make their problems go away.
The internet is a dangerous place for your brand. Anyone who wants to can write anything they want about your product for all the world to see.
Charity for profit is strange beast. How do you tame it?
From OPEN Forum: I’ve gotten a lot of good business advice over the years, but a simple phrase from my first boss, Jonathan Morgan, takes the cake:
: It’s a paradox: So many online merchants, yet so few willing to reach for the stars by thinking beyond the American market. They don’t call it the World Wide Web for nothing–as an online merchant, you are but a few mouse clicks away from a global customer base.
Here’s some communications’ advice: Keep everyone on a need-to-know basis, all the time.
Talk may be cheap, but sometimes it’s cheap and effective.
How can you compete with free?
In an interview with the New York Times, Continental Airlines CEO Lawrence Kellner shared some managerial wisdom he’s picked up over the years:
As an employer, should you be worried about your employees contracting swine flu? A survey from the Economist Intelligence Unit suggests that if you aren’t, you’re in the minority.
Pay very close attention to this post. Ignore the seven other open tabs in your browser, the IM window that just lit up, and the television in the background. Multitasking is all the rage, but it might be bad for you.
From Entrepreneur.com: After all the rumours and last-minute botched deals over the years, it’s finally happened: Microsoft and Yahoo have reached an agreement to merge their search services in hopes of finally being able to compete with the grand search overlord, Google.
Making promises you don’t expect to keep to reel in prospective hires might not be the most ethical recruitment strategy, but research suggests it might not be bad for morale.
Earlier this summer, American Express launched a new version of its OPEN Forum, an online resource and networking site for business owners.
Anita Campbell makes a persuasive case that the secret to start-up success is to spend every nickel as if it were your last.
Famous musicians are not resting on collecting just royalties from their records and selling concerts tickets anymore.
Curtis Jackson, aka 50 Cent, knows a thing or two about surviving failure on the way to success.
Advertising doesn’t have to be boring: throwing a party to hype your product can be effective, fun, and cheap.
Even if no one ever buys it, offering a ridiculously expensive product can make your business money.
Marketing via social media is all the rage these days. But while it’s easy to spend money on it, getting a return on your investment is tricky. Understanding the different demographics of social networks is a good first step.
From Entrepreneur.com: In general, the best choices for debt negotiation and settlement are unsecured loans and credit cards. Since there is no collateral that can be attached to satisfy the debt, creditors are more likely to negotiate to avoid writing off the entire debt.
Of all the worries you might have about employees working from home, this probably isn’t near the top of your list.
From Entrepreneur.com: The downturn has brought about many woes, especially in the corporate sector. Balance sheets are in distress, stocks are down, layoffs are up, revenues are off, and employees are extremely worried; and so are employers. The shockwave that’s been hitting the world economy demands that entrepreneurs react, and […]
Internet marketing firm HubSpot’s bloggers report that blogging is a great form of internet marketing.
The American Recovery and Reinvestment Act is pumping $787 billion into the economy.
From Entrepreneur.com: Cash flow problems can kill businesses that might otherwise survive. According to a U.S. Bank study, 82 per cent of business failures are due to poor cash management.
: “You’re not spending enough money.” That is what the corporate honchos told me in my previous startup, which was an intrapreneurial startup inside a large corporation. That was in the midst of the Dotcom era, when everything online was about getting eyeballs. We had equity partners and a […]
: It’s not often that America’s small businesses get $2 billion in federal funds set aside just for them. But that’s what happened when President Obama signed the American Recovery and Reinvestment Act this February. Better known as the stimulus bill, the ARRA changed the rules for a little-known SBA […]
: If you own a business in the U.S. long enough, there’s a strong likelihood that your business will be sued. When that happens, it will cost you a fortune to defend that lawsuit. And that’s if you win.
: Entrepreneurs often live with the hope that if they build it, customers will come. But in today’s economy, it takes a lot more than hope to get people to purchase your products or services: New business-building practices are a must if you want to expand.
From Entrepreneur.com: When a couple of employees were habitually late to work at Oceanside Photo & Telescope in Oceanside, Calif., owner Craig Weatherwax refrained from harsh words or disciplinary action. Instead, he opted for a heart-to-heart discussion, explaining the reasons behind their start time and how their tardiness was affecting […]
: In January, David Johnson realised that all of his budget cuts weren’t going to be enough to keep his business profitable. As CEO, he had no choice but to lay off a third of his workforce at Summitville Tiles, an Ohio-based tile factory that Johnson’s family has owned for […]
For a long time, Republicans believed that they could shrink the size of government simply by cutting taxes. The idea was called “starving the beast,” and the hope was that with less tax revenue coming in, politicians down the road would be forced to cut spending.
From Entrepreneur.com: This downturn is a great time to develop a social-media recruiting strategy if your company doesn’t have one yet. Here are some basic tips for getting started:
From Entrepreneur.com: You’d think that getting discovered by Walmart or Oprah would be every small-business owner’s dream come true. Yet, too often, overnight success can quickly become a company’s worst nightmare. A small business that lacks the capital, staff, or infrastructure to handle a big order or nationwide publicity can […]
In the sink-or-swim environment of startups, daily innovation can weigh heavily on your mind. Here are three ways to think creatively–well past your startup stage.
The hardest thing I’ve had to learn as a manager is when and how to fire people.
From A VC: Last week an entrepreneur named Stephen who reads this blog regularly asked me for recommendations that budding entrepreneurs should read. I gave him a list and then forwarded it to my friends Brad Feld and Jerry Colonna who I knew would appreciate the list.
In response to the embarrassing public spat between ContentNext founder Rafat Ali and his former PR firm, a reader had this to say:
, I argued that the key to success in a small business is to focus on doing one thing extremely well. A small company simply doesn’t have the resources to compete with bigger, richer companies if it’s trying to be all things to all people. While trying to do one […]
A new book by ex-Goldman MD (and general super-woman) Sharon Meers reveals the secret to staying married and having better sex:
Small companies face a constant tension between shoving new products out the door too early, when they’re not quite ready for prime time, and too late, when the company has invested so much time, effort, and resources that it overdevelops the product and loses revenue and mindshare that it can […]
For most entrepreneurs, the single biggest business challenge is not finding a promising opportunity to go after. It is eliminating the dozens of promising opportunities you could go after and keeping your focus on just one or two.
Luis von Ahn is the CEO of the language-learning app Duolingo and one of the creators of CAPTCHA technology. When hiring new employees, von Ahn said that “it’s better to have a hole than an a–hole.” That means it’s better to have an opening in your company than to rush […]