Strategy

The #1 Headache for Small Businesses Right Now?

From OPEN Forum: Recently, the administration has made a point of ardently encouraging banks to lend more freely to small businesses. This federal prodding makes it seem as though fundraising is the average small business owner’s number one problem these days. In actuality, acquiring funds has just been ranked as […]
The #1 Headache for Small Businesses Right Now?
Strategy

Why You Need A Co-Founder

Looking at the most successful Internet and technology companies of the past few decades, it’s shocking to see how many have two or more founders: Google, Apple, Microsoft, Intel, Youtube, Skype, Yahoo to name a few all have multiple founders. Even Oracle which is closely associated with Larry Ellison has […]
Why You Need A Co-Founder
Strategy

Small Business Inventories: The New Normal?

From OPEN Forum: The November NFIB Small Business Economic Trends report shows a continuing malaise among small business owners relative to sales, profits, and inventories. But the chart below, taken from the NFIB data, suggests inventory levels may be close to stabilizing.
Small Business Inventories: The New Normal?
Strategy

How To Save Money On Search Advertising

From Entrepreneur: Chances are you’ve heard about the amazing ROI that can be had with pay-per-click advertising on Google, Yahoo!, and Bing. A return of 300 per cent or even higher is not at all unusual with this form of advertising. Still, these are hard times and cash is scarce, […]
How To Save Money On Search Advertising
Strategy

Yes, You Should Eliminate Your Vacation Policy

Henry Blodget at The Business Insider has posed a holiday question for his readers: Should his business have a vacation policy? (Full disclosure: My brother John works with Henry and would be affected by the answer to this question. I do not know what John’s preference is. I write this […]
Yes, You Should Eliminate Your Vacation Policy
Strategy

How I Invest (And What I’m Looking For)

As part of my year-end reflection and 2010 road map, I have been thinking deeply about how exactly I invest. How do I pick the companies and sectors on which to focus? I quickly realised that the principles I applied in the maths of derivatives are the same ones I […]
How I Invest (And What I’m Looking For)
Strategy

Small Business Optimism Swoons

From OPEN Forum: Small Business Optimism dipped slightly during November.  The dip is somewhat surprising given recent modest improvements in consumer confidence and initial signs that the holiday shopping season is shaping up to be stronger than last year.
Small Business Optimism Swoons
Strategy

Put Profits First — Always

From Entrepreneur: If you’re reading this, you’re probably already running your own small or mid-sized business. Maybe you’re doing OK, but your competitors are doing better and you’re wondering if you could be doing more to increase sales.
Put Profits First — Always
Strategy

Two Things You Should Never Disclose When Raising Money

Disclosure is a good thing.  Early disclosure of thorny issues is a very good thing (such as, “I am embroiled in a legal dispute with my co-founder over ownership of the company and here is why”).  Transparency is an important quality when starting a risky new business; it builds trust. […]
Two Things You Should Never Disclose When Raising Money
Strategy

3 Strategies For Riding The Crest Of The Economic Recovery

: As the economy glides into something that vaguely resembles a recovery, the workplace isn’t the battleground that it was at this time last year, but employees are nonetheless bruised and exhausted. There’s no escaping that a marginal economic recovery brings with it a brand new set of human capital […]
3 Strategies For Riding The Crest Of The Economic Recovery
Strategy

Leverage Your Inner Lemon

: One of the all-time greatest examples of a brand turning lemons into lemonade may also be one of the first. Advertising aficionados will remember the 1960s Volkswagen Beetle campaign. As competing automakers built ever bigger cars for growing, post-World War II families, Volkswagen’s Beetle was seen as too small, […]
Leverage Your Inner Lemon
Strategy

8 Tools For Better Collaboration

At TBI, the #1 collaboration tool is still the old-fashioned shout across the newsroom. As our business thrives and we add to staff, the shout’s dominance will be threatened, but not for a while: some of my colleagues can really project.
8 Tools For Better Collaboration
Strategy

3 Customer Development Case Studies

If you’re trying to implement customer development at your startup, you’ll learn more from these 3 case studies than anything else I’ve seen. I consider each of these a “must-read”. I’ve quoted some great bits from each case study, but make sure you click through and read each one in […]
3 Customer Development Case Studies
Strategy

Business Hiring Plans Are Still Very Weak

From OPEN Forum: The number of businesses expecting to hire new employees in the following three months began falling in summer 2007, a few months before the recession began (this makes sense, as it’s a leading indicator).  Fortunately, the measure recovered somewhat this summer, although it’s still in negative territory.
Business Hiring Plans Are Still Very Weak
Strategy

Small Business Expansion Plans At The Lowest Level In Years

From OPEN Forum: This summer, expansion plans among small businesses were at the lowest they’ve been in years as most small businesses are focused on maintaining profits versus expanding to address increased demand.  This will likely change quickly, though, if the economy continues to recover.
Small Business Expansion Plans At The Lowest Level In Years
Strategy

How To Get A Great MBA Internship

The MBA summer internship is a major part of the business school experience, and getting the right one is important. Good internships are extremely competitive, and the struggling economy has made it harder than ever.
How To Get A Great MBA Internship
Strategy

Four Ways To Hire Better People

Hiring is the most important thing a manager does. And everyone makes mistakes doing it, regardless of how thorough they’ve been or sophisticated their process is.
Four Ways To Hire Better People
Strategy

How To Ace Your Videoconference Interview

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:
How To Ace Your Videoconference Interview
Strategy

Small Businesses Could Face New Credit Squeeze

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.
Small Businesses Could Face New Credit Squeeze
Strategy

Lessons From Saturn’s Implosion

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 […]
Lessons From Saturn’s Implosion
Strategy

Does Your Brand Tell a Powerful Story?

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.
Does Your Brand Tell a Powerful Story?
Strategy

How To Disable Backspace As A Shortcut In Firefox

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?
How To Disable Backspace As A Shortcut In Firefox
Strategy

The Secrets To A Smooth Succession In A Family Business

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 […]
The Secrets To A Smooth Succession In A Family Business
Strategy

How To Build Up A Credit Rating For Your Small Business

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.
How To Build Up A Credit Rating For Your Small Business
Strategy

10 Tips For Keeping Your Regulars Happy

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., […]
10 Tips For Keeping Your Regulars Happy