Trying to stay positive during the recession? Consider the government’s treatment of companies that are going bankrupt.
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 […]
And now let’s focus briefly on your after-work life…
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 […]
“John Q. Recruiter” at CBS Moneywatch shares the missteps and faux-pas of a steady stream of hapless job applicants.
From OPEN Forum: It’s time to execute those new year’s resolutions.
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.
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, […]
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 […]
For once, social scientists have discovered a flaw in the human psyche that will not be tedious to correct. You may not even need a support group. You could try on your own by starting with this simple New Year’s resolution: Have fun … now!
Celebrities often slap their name on a brand, give it their blessing, then sit back and rake in the royalties.
The Harvard Business Review recently released its list of the 100 Best-Performing CEOs in the World. Shockingly, only one woman — Meg Whitman, former CEO of eBay — made it.
Short answer: enough to get your startup to an accretive milestone plus some fudge factor.
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 […]
At The Business Insider, we currently have a standard vacation policy–a certain number of weeks a year.
What does mastery of the finer points of English grammar have to do with succeeding in business?
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.
If there’s one thing every entrepreneur will agree on, it’s that hiring great people is critical to success.
In my previous jobs in corporate America, I never thought much about the business credit card I used. Here at The Business Insider, however, the choice was mine to make.
From Entrepreneur: As the economy struggles to rebound, unemployment rates remain at historical highs and millions of Americans are still looking for work.
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.
Think that now is a bad time to start a business? Think again.
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. […]
: 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 […]
From OPEN Forum: Proprietors’ income (income earned by owner-operated sole-proprietorships or partnerships) fell off a cliff last year. Thankfully, it has finally started to recover.
From Harvard Business Review, a reminder to stop and say thanks to your employees. Appreciation is a powerful motivator:
You might think that with budgets tight, it’s not a good time to buy pointless motivational posters for your office, that people are just going to make fun of.
: 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, […]
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.
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 […]
If you have pitched sent your proposal to VC’s, you have probably received one of these:
This has been said many times before but I’ll say it again. It’s not about technology or innovation. It’s all about customers and sales.
takes hard work, talent, and charm. Turning it into a colossal disaster is easy, and a lot more fun.
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.
Mashable’s Ben Parr has a post on the OPEN Forum discussing the pros and cons of releasing your product early and often:
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.
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.
Even if you personally consider Twitter an annoying pop culture trend, you can’t argue against its power to reach thousands of people in seconds, for free — making it a perfect marketing tool for a small business.
From OPEN Forum: After falling for more than a year, the NFIB Small Business Optimism Index has recovered to some degree, beginning in March 2009.
Amazon CEOJeff Bezos shared his ideas what makes for an amazing memo in his annual letter to shareholders. At Amazon, memos must be narrative in structure and six pages in length. Bezos said he’s always looking for memos that have the “clarity of angels singing.” Amazon CEO Jeff Bezos has […]
Restaurateur Bruce Buschel continues his list in the New York Times…
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.
: Finding ways to get things done with little or no money (bootstrapping) is critical when you run into problems obtaining money for your start-up or small businesses.
[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.