PROTECTING SMALL BUSINESS, PROMOTING ENTREPRENEURSHIP

Biz Tips & Trends News Highlights

By at 2 July, 2017, 10:11 am

The past week’s roundup of “How To” articles, educational resources and events, business news and success stories recommended by SBE Council President & CEO Karen Kerrigan.

Small Business Owners and Freelancers: Tell Us About Your Health Care, New York Times.  The NYT is looking for stories about small business owners regarding how they are being impacted by the Affordable Care Act.  Share your story here.

Financing & Access to Capital

The Differences Between Loans, Cash Advances and Factoring, Small Business Trends. “Getting the right financial product for your small business is important. However, entrepreneurs should be careful about which small business financing options they choose.”

Why Unsecured Debt is Best for Your Small Business, Small Biz Daily. “Two primary types of debt exist: secured and unsecured. If possible, always try to get an unsecured loan when you need financing. Here’s why.”

Management & Human Capital

Want to Give Your Employees a Simple Perk? Try a Summer Fridays Policy, Small Biz Daily. “Summer Fridays can take many forms, so there’s something to suit every small business.”

11 Great Ways to Reward Your Employees without Breaking the Bank, AllTop Startups. “Notice we aren’t talking about anything terribly expensive – no extravagant team outings or big cash bonuses. In fact, some of these ideas don’t cost a dime. If anything, when it comes to employee happiness, it’s the thoughtfulness, not the cost, that counts.”

Uber Failure and the Primacy of Company Culture, Susan Solovic.  “While a healthy culture can do a lot to position a company for success, a bad culture can set it up for failure and this is what investors were beginning to see.”

9 Reasons Why Execution Trumps in Business, Startup Professionals. “In fact, if you think about it, some of the biggest current business successes were based on ideas were not unique, including Google (search the Internet), Facebook (talk to friends), and Amazon (electronic shopping).”

10 Summertime Actions for Your Business, Barbara Weltman. “This is an ideal time to attend to various actions that may not be easy to do when things are busier.”

Sales, Branding & Marketing

4 Strategic Tools Service Businesses Can Borrow from Their Retail Counterparts, Bplans. “Much of the technology designed for retail has finally caught up with the service industry, ushering in a new category of tools that can free up much needed time for business owners.”

15 Unorthodox Ways to Get Your Foot in the Door, Entrepreneur. “Sales is hard work, and the marketplace is competitive. You must differentiate yourself and your company from all the competition.”

10 Guidelines for Storytelling to Hype Your Business, Startup Professionals. “…everyone today, whether they know it or not, is in the emotional transportation business, and compelling stories are the best way for you to move your business forward.”

Grow Your Small Business with Consistent Branding, CROWDSpring. “Ideally, your brand should embody the best (and most essential) attributes of your company. That’s pretty unlikely to occur if you leave your branding to chance.”

Should You Pay for Social Influencers? The Pros and Cons of Paid Promotions, Inc. “Seventy-four percent of consumers rely on social media to help them make purchasing decisions. And the influencers on social media are the ones affecting those decisions.”

5 Hot Logo Designs that Can Improve Startup or Small Business Brands, CROWDSpring. “Customers who are just discovering your brand need something to remember you by, and your logo serves as a kind of souvenir for them to hold on to.”

Startup Success

11 Questions to Help Your Business Start Off on the Right Foot, Bplans. “It’s easier than ever to start a business! Which is great, except too many people jump into entrepreneurship without any preparation.”

5 Reasons a Coworking Space Makes Sense for Your Startup, Bplans. “About half of U.S. startups choose to run their business from home, but your home office may not be a suitable environment if your startup is growing and you want to bring more people on board or meet with clients.”

Invisible Unicorns: 35 Big Companies that Started with Little or No Money, Tech Crunch. “Many of these companies have subsequently earned billion-dollar valuations, some even have billions of dollars in revenue, but none started with anything other than what would be considered a seed round.”

4 Myths About Innovation that Gurus Love to Tell, Inc. “Make no mistake, the only “right way” to innovate is to solve a problem that people care about.”

Trends & the Market

Seeking Freelance Flexibility with Fill-Time Stability, Small Biz Labs. “Simply put, most of those with traditional jobs see independent work as too risky and unstable. Their risk profile and risk tolerance makes independent work unattractive.”

Why the Amazon-Whole Foods Deal Could Be Good for Independent Stores, Forbes. “The most successful specialty independent retailers understand that they are in a people business, where satisfying their customers’ needs and interests holistically is the key. While shoppers may leave the store with products in hand, they are ultimately in search of a shopping experience.”

Online Thrift Store ThredUp Opens its First Retail Location, Forbes. ”Many startups have tried to move thrift stores online and compete with Ebay, by making the buying and selling of used clothes easier for consumers.”

Self-Improvement & Leadership

Think You Sound Confident and in Control? Your Voice Says Otherwise, Entrepreneur. “Those who perceive themselves as more dominant are less likely to shift their pitch depending on who’s listening and, in fact, will speak in a relatively lower pitch to high-status individuals.”

How to Be a Human Leader, The Atlantic.  “A collection of highly successful women have some tips for developing that most fundamental and crucial of skills: speaking up.” (Tips apply to everyone!)

Caring and Courage at the Keys to Leadership, The Holmes Report. “It’s not people over profit, it’s people in harmony with profit.”

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