For a business owner, obtaining the right information is as important as finding the right location, or getting the best price.
The Small Business Development Center in New York is one of only a few SBDCs in the U.S. with a full-time library (which we call the Research Network). Its services are available for free, but only to New York SBDC clients.
By now, if you are paying any attention at all to small business publications, you know that social networking and Internet communication skills are essential. Tools like Twitter, Facebook, and LISTSERVS can help a business bring in new clients and remind old clients to come back for more business. Sometimes it may seem that the media is bombarding us with tips on how to use these and other tools more effectively and I know at times even I become overwhelmed. Regardless, the barrage of information is quite useful, once you get past the feeling of "Oh no, not another networking article". I have learned so much this summer from actually reading every article I come across on social networking and Internet tools that I feel that I must once again, share. Below are links to articles that I have read recently.
I am not the biggest tomato fan but I was nevertheless looking forward to tomatoes from my garden and was very disappointed to learn that my tomatoes had succumbed to late blight. In trying to figure out what had happened, I discovered that this is a widespread problem this year throughout the Northeast. I have real sympathy for people who depend on their crops for income. Here is one of many stories on how late blight is affecting retailers in the region and also, what you backyard gardeners can do to prevent its spread. Op-Ed Contributor You Say Tomato, I Say Agricultural Disaster The New York Times By DAN BARBER Published: August 8, 2009
Your new hire may have a Facebook account (you searched for them before the interview, right? No crazy frat party photos?), but do they know how to use social media for business purposes? It can be tricky to transition from the personal to the professional on the web, and new employees, no matter what their comfort level, could probably use some social media training.
In “How to Train New Employees in Social Media,” Ben Parr of Mashable suggests writing a social media policy, testing employees knowledge of social media tools, making a list of required reading, and then handing over the reins without policing their activity.
Small business owners are being crushed by rising health care costs, and feel left out of the current health care debate in Washington, according to a new report released by U.S. Public Interest Research Group this month.
The new report, The Small Business Dilemma, which surveyed hundreds of small business owners and managers across the country, makes clear that small business owners want and need health care reform.
According to the 14-page report:
•Small businesses value health insurance as a key to business success because it allows them to attract better employees. •78% of small business owners surveyed who do not offer coverage would like to do so. •80% of those who would like to offer coverage cite the expense of coverage as a reason why they don't *** Also, Small Businesses Struggle to Offer Healthcare from Black Enterprise cites a survey commissioned by Aflac, "the largest provider of supplemental insurance in the United States", findi…
Every day, new information about the stimulus package and how the money is being distributed is talked about in print, online, and television media outlets. The information is overwhelming and confusing and will continue to remain that way until all of the stimulus money has been spent. Over time, recovery websites have tried to make information about the stimulus available in the easy to use maps, charts, and webcasts. Below are links to a few websites that will help provide information on how the money is being spent and where the money is going, as well as a few random articles that deal with other aspects of the stimulus.
Site Maps Stimulus Spending - Information about maps available on the national recovery webpage that help show how much funding is being distributed to each state, how much funding is being provided to each state by each federal department, how the funding is flowing to individual contractors, and how many jobs are being created in the locations.
Here on the blog we’ve been talking about Twitter and have offered some reasons that small businesses might want to participate in the world of 140 character messages. Now Twitter itself is telling you why your business should be tweeting, and what you can get out of the service. Check out Twitter 101, a collection of how-to information, best practices and case studies for the business twitterer. Why the new info? It looks like Twitter will be rolling out commercial applications for Twitter users, including fee-based analytics and account verification tools in the next few months. Before they ask you to pay for a Twitter service, they want to make sure you understand its value. While we’re on the subject of social media and why you should care, here are a couple of lists on using Facebook and LinkedIn for your business: 32 Ways to Use Facebook for Business33 Ways to Use LinkedIn for Business
While there are a few obvious rules regarding the application of copyright law, reasonable people may disagree about some situations. I tend to take a more liberal approach, so I am recommending these more rigidly positioned entities.
I've invested a good chunk of my time on the importance of signage to small business owners. Eight months on writing a book, and nine more months on developing a website. I'm invested in this, which is why you've gotten to read a multitude of posts from me on the subject.
One feature in both book & website is the idea that a well-designed, well-constructed sign is a fantastic marketing device for a business. A sign should not be some afterthought - a random appendage thrown together at the last minute.
Recently I read an article titled "Good Marketing Begins After Sale is Made," which holds out the thought that effective marketing should be about repeating a consistent message, "from the way your receptionist answers the phone to what your business card looks like," and that, "in these difficult economic times, we must be communicating on every front."
Which I agree with, wholeheartedly. I held out a glimmer of hope that its author would also…
About a week after Google announced its plan to launch an open-source operating system, Microsoft announced it will launch a “free version of its dominant Office software that users can access over the Web,” according to Jim Finkle’s article from www.wired.com.The web-based operating systems and applications will allow users to create, store and share information quicker and for less money. This is a great concept but there may be a downside. Is there enough bandwidth to support more people accessing the Internet and more people participating in bandwidth-demanding activities?
Is small business the key to the economic recovery? Past recessions have shown that small business tends to bounce back quicker than big business. Individuals who have been laid-off or fired turn to entrepreneurship to get back into the workforce, in turn creating more jobs and more money for the economy. In my opinion, small business bounces back quicker due to a resiliency that big business does not have. Small business tends to weather difficult times better than big businesses. These points lead to the conclusion that small business IS the key to an economic turnaround. Below is information that supports my opinion.
Last week, I heard a really interesting story on NPR. As part of a series on legislating, lobbying and money, NPR posted a photograph of a room full of lobbyists during a recent Senate session on health care reform on its website. The reporters then asked viewers to help identify faces in the crowd- to give names and organizations for the lobbyists in the room. Folks had a lot to say about how all these lobbyists made them feel about our legislative system, but they also provided many of these names, a process NPR identified as “crowd sourcing.” Check out the story and the interactive image here.
"Crowdsourcing" is a new term for me, but not for many in the business world. According to Wikipedia, crowdsourcing is “the act of taking a task traditionally performed by an employee or contractor, and outsourcing it to an undefined, generally large group of people or community in the form of an open call.” Now usually, I wouldn’t turn to Wikipedia for a definition, but in this case…
An SBDC client is considering forming a corporation to operate his potential business. By incorporating, will he lose eligibility for the NYS unemployment benefits he is now collecting? What if the corporation is dormant for a period of time as he get his business together - can he collect benefits during this start-up period?
A: Notify the Telephone Claims Center before you take any steps to start a business. Unless you are enrolled in the Self Employment Assistance Program (SEAP), these activities may result in the loss of unemployment insurance benefits. For more information on SEAP, click here.
You are considered to be employed if you are engaged in operating or starting a business either by yourself, with a partner or in a corporate arrangement. Time spent during the day or evening or on weekends preparing to start or actually operating a bus…
Last May, the U.S. Bureau of Transportation Statistics released Motorcycle Trends in the United States. While I'm not sure how many of our clients are venturing into the currently-dicey transportation market, this report would provide them with current data on sales (in units), demographics, accident figures, and registration figures. If you do have a client, send them this link. Helmet is optional.
"Speed, simplicity and security are the key aspects of the Google Chrome OS according to Google's blog Post, "Introducing the Google Chrome OS." "Google positioned the new Chrome Operating System as the 'natural extension' of Chrome, the Internet browser Google introduced to acclaim in 2008 and which now has 30 million users" according to "Google vs. Microsoft: Net giant readies own operating system," a USA Today article. Google Chrome OS is an open-source operating system with clear goals: provide easy, fast access to the Internet, where computer users spend a lot of time. Google plans to release the open-source code later this year and the operating system might be seen on netbooks in 2010.
You've probably seen some silly or entertaining tidbit on youtube but the amount of truly useful information on there is growing. I was happy to find a demonstration of how to put my lawnmower together after I re-read the instructions and still wasn't clear on what they wanted me to do. I searched for the brand on youtube and up popped a video showing the thing. When I wanted to understand how cement patios were repaired I could watch someone talk through the process and explain the differences between the different products. It is a great resource for businesses to demonstrate how a product is used or assembled. Instead of leaving a help desk number as the only recourse when there is a problem, a web address for an informational video might be more useful. Complementary health practitioners could show how ear candling or neti pots work or a autobody work specialist can demonstrate how they remove dents. Instructional videos can be another loop in the business-owner's mark…
Did you know that most entrepreneurs were married and had children when they started their businesses? Would you guess that a little more than half of new business owners had interest in becoming entrepreneurs during their college years? How about that the average birth order of entrepreneurs is 2.2 and the average number of siblings is 3.1? These are just some of the interesting factoids from the July 2009 Kauffman report, “The Anatomy of an Entrepreneur: Family Background and Motivation.” This study examined the backgrounds, life histories and motivations of 549 company founders from a variety of industries, generating a different perspective on today’s entrepreneur. But what’s the future of entrepreneurialism in the U.S.? We’re counting on small businesses to help us out of the recession, but the age distribution of our population is getting older. What’s going to happen to entrepreneurialism in this country when there are fewer young people to start businesses? Don’t despai…
"What was once known colloquially as Cash for Clunkers has been given the official government name of CARS – Car Allowance Rebate System. As soon as President Obama signed the bill, scammers were already thinking up ways to take advantage of the system. Here’s an explanation of how the new law works and how you can take advantage of it legally."
Also From the official website - primary color, not shockingly, is green.
While the CARS Act makes transactions on and after July 1 potentially eligible for credits under the CARS program, interested dealers and consumers may want to wait until all of the detailed issues that must be addressed in the implementing regulations are resolved and the final rule is issued. Issuance will occur around July 23.
Important Things to Know
*Your vehicle must be less than 25 years old on the trade-in date *Only purchase or lease of new vehicles qualify *Generally, trade-in vehicles must get 18 or less MPG (some very large pick-up trucks and cargo vans …
For many months after learning about the social networking tool Twitter, I failed to see its benefit for small business owners. I have since developed a new outlook on Twitter and its usefulness. In the past, when I discovered information that was not only incredibly pertinent to our clients and business advisors but also time-sensitive, I would ponder ways to distribute the information in a useful and timely manner. Now I "tweet". Below are articles that will help you "tweet" to the maximum effect.
I read an article in USA Today Written by Edward C. Baig, "Google vs. Bing: Bing holds its own in search-off." In the article, Baig compares Bing and Google and identifies some pros and cons of each. He admitted he "Googled 'Bing versus Google'" but it did not occur to him to Bing the search. It seems Google users are conditioned; Googling is a way of life. It is, after all, a verb in the Merriam-Webster dictionary. When Bing entered the playing field, about a month ago, I ignored it due to my instinct to Google and my comfort with Google's familiarity. After reading Baig's article, I decided to take a closer look at Bing. To start, I Binged "Bing versus Google" and came across www.google-vs-bing.com. This site offers a side by side comparison of each search engine for users. After some time on both Google and Bing, Bing is starting to grow on me. I prefer the layout of Bing over Google; it is easy to navigate with fewer clicks. …
Inc. Magazine has a tool called the Profitability Report or How Does Your Company Stack Up?, a calculator to determine whether or not your company is measuring up as compared to their compiled financial data on privately held companies across a number of industries. Put in your annual revenue and it will calculate what your numbers should look like. If you click on any of the industry links, it will run down gross profit margin, EBITDA margin, return on equity/assets, accounts receivable days, operating profit/sales. It is guide created by Sageworks who do benchmarks for private companies.
That's the question Ann Kirschner asks herself in this piece, "Reading Dickens Four Ways" published in the Chronicle of Higher Education. When discussing Little Dorritin her book club, the author decides to experience the book in four ways: paperback, audiobook, Kindle, and iPhone. You'll have to read the article to discover her preferences, but what are yours?
This discussion also reminds me of how we get information out to you all - how do you like to read what we send? How about your clients? I've done a lot of reading from the computer screen (grad school = no money for printing articles I only needed once), but not everyone is comfortable with that. Do you have the capability of just saving a few of the PDFs we send instead of the whole package? You probably do, but if you're not sure how, please give us a call. Do you find that you're printing out a lot of information for less techno-savvy cli…