Cash is king. With credit drying up, it’s important that businesses make cash go further than before. Jill Hamburg Coplan, writing for Business Week, spoke to a number of experts. Among their recommendations: Use a good cash-flow projection to forecast trouble spots, then offer greater-than-usual discounts to healthy customers who can make faster-than-usual payments. And [...]
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Stacy Perman of Business Week blogged yesterday about the fact that small banks are loaning more money to small business, as large banks are scaling back. She quotes Paul Merski, of the Independent Community Bankers of America, a Washington (D.C.) trade group, who says that “[small] banks make 20% of all small-business loans, even though [...]
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I’ve just read about a new application for the iPhone which might well put Twitter out of business. Radar, as this application is called, allows users to add friends, whose photos and videos automatically appear on a timeline on the iPhone screen. The iPhone app supports viewing friends’ posts, viewing your posts with comments, and [...]
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Social media and Web 2.0 have been the hot topics of conversation for the past 12-18 months. What does “social media” mean to the average small to mid-sized business? How can a company use social media to engage consumers? A great article in the Wall Street Journal details how companies are using social media and [...]
Category: Social Media
“If your company went out of business tomorrow, who would miss you and why?” This is the question posed by Bill Taylor, writing in Harvard Business. Taylor believes that for every purge a company makes during the current economic slump, it should make an equal effort to stand out and strengthen relationships. Without strong ties [...]
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On Business Week’s “The New Entrepreneur” blog, Colleen DeBaise outlines some of the expected tax incentives that the new administration will put in place to benefit small business. Given that small business is considered a critical engine for growth (accounting, according to the Office of Advocacy, for over 50% of non-farm GDP), the post is [...]
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It’s easy to start a day feeling overwhelmed by the tasks that must be accomplished to move your business forward. Writing for Entrepreneur.com, Rory Cohen details 6 steps to accomplish more each day. The key is priorities: knowing which are the top 3-5 and having practical solutions to complete each one. We, at the Radical [...]
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I thought this article by John Baldoni on the HBR blog did a good job of summarizing what makes Obama a good communicator and what lessons we can all learn that have immediate applicability in our lives as business leaders. Baldoni highlights six steps to become an effective communicator: – Challenge – Question – Cheerlead [...]
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It seems as if everyone is talking about blogging, Twitter, Facebook and other forms of social media. Companies are rushing to figure out how to start blogs and Facebook pages. Before jumping on the social media bandwagon, ask yourself: is my company prepared to engage consumers through these outlets? Writing for Marketing Profs, Amber Naslund [...]
Category: Social Media
We’ve often talked about Web 2.0 and mentioned applications that are quite sophisticated and still only used by early adopters. It is only fair that once in a while, we go back to basics and discuss some of the more mainstream technologies that can have great impact on your business. While blogging could probably not [...]
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