September 12, 2012 |
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- Identify bottlenecks and get business flowing smoothly
Problems such as inventory issues or inadequate staffing might be causing a bottleneck at your company, Chris Griffiths writes. You might assume sales are your bottleneck, but there are likely other issues that are affecting your ability to generate profit, he writes. "Make finding and unblocking bottlenecks in your business a daily activity and you'll discover the true low-hanging fruit in your business, which is sure to get prioritized results at the lowest cost," he writes. The Globe and Mail (Toronto) (9/11)
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- Stretch a red-velvet rope across your new LinkedIn group
Creating a LinkedIn group starts with making sure the company has the manpower to follow through, then describing the group with the proper keywords to attract discussion, according to this excerpt of Ted Prodromou's "Ultimate Guide to LinkedIn for Business." Consider an invitation-only approach to allowing participation by those with few LinkedIn connections. Once established and properly moderated, promote the group through social media. Entrepreneur online (9/10)
- Impersonal e-mails don't help you build business relationships
Business-to-business marketers can utilize e-mail effectively by properly segmenting it, personalizing it and going beyond sales info to an understanding of the customer's problem, Patricio Robles writes. Remember to use e-mail for more than just selling and send direct messages to customers to build up those relationships. eConsultancy.com (9/11)
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- Offer a top-notch 401(k) to attract stellar employees
Offering a top-notch, low-fee 401(k) retirement plan is one of the best ways to attract and keep great employees, writes Bill Harris. The first step to assess the current 401(k) in place to ensure that its fees are the lowest they can be. If not, shop around for the best bargain. "The cheaper you make it, the richer your employees can be in retirement. That's a compelling benefit for all," Harris concludes. Inc. online (free registration) (9/10)
- One business owner's approach to interviewing
In general, Tom Szaky uses short interviews and focuses on his gut instincts when looking for candidates to fill positions at his company, TerraCycle. During the interview, he asks candidates what they would do in a tricky situation and asks them about the biggest mistake they have made in their careers. If they can't think of anything, "this says that the candidates are either lying or don't take risks. Both are deal breakers," he writes. The New York Times (tiered subscription model)/You're The Boss blog (9/11)
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- Is it time to raise your prices?
If your business is in the doldrums, you might be able to get back on track and boost your profits by raising your prices, Marla Tabaka writes. You should figure out how your clients are benefiting from working with your business and look for opportunities to provide additional value, she writes. "Your clients will readily accept a rate increase when you show them the value you have provided, coupled with add-on value," she writes. Inc. online/The Successful Soloist blog (free registration) (9/10)
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- How to handle problems with your Web host
A recent outage at Go Daddy illustrates the importance of preparing for problems with your Web service provider. If your provider goes down, you should let customers know about the problem by using social media, e-mail and other methods of communication, Jonathan Blum and Alex Dalenberg write. In this situation, you should also think about moving your website to a new hosting company, they write. Entrepreneur online/The Daily Dose blog (9/11)
- What you should know about Microsoft's new policies
Microsoft has revised its policies to allow it to share data between its various services such as Outlook and SkyDrive. The company says the new policy is intended to improve the user experience and most people probably won't be able to tell the difference, Annie Pilon writes. Still, "the new policy still has an impact on privacy rights and your company's data," she writes. Small Business Trends (9/11)
- 8 keys to establishing a great brand on a budget
Establishing a great brand presence doesn't require a lot of money, but it does call for a little creativity, Lauren Drell writes. To build up brand presence on a budget, impress clients with your customer service and use social tools to engage clients. Drell also suggests collaborating with other brands for mutual benefit. Mashable (9/10)
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Recent SmartBrief on Small Business Issues:
- Tuesday, September 11, 2012
- Monday, September 10, 2012
- Friday, September 07, 2012
- Thursday, September 06, 2012
- Wednesday, September 05, 2012
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Editor at Large: John Jantsch
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