World Business Chicago gives Kickstarter another try
Nearly half of the small businesses polled say conditions are good or excellent, up 24% since 2010. And the number of business owners who believe conditions are poor is at the lowest level (14%) in three years. While about half still fault sales for preventing them from achieving business goals, just as many business owners project improved sales this year and next, says Jerome Byers, head of Citibank Small Business. A more positive view on business may translate to more jobs.
For the original version including any supplementary images or video, visit http://smallbusiness.foxbusiness.com/entrepreneurs/2013/06/19/business-is-personal-for-small-business-owners/
What Nature Can Teach Business About Adapting To Threats
Its a growing concern, with four of ten consumers now doing it, as SAP CMO Jonathan Becher points out. When I heard about it I suspected that the issue might be more complex than simply shifting customers from offline to online. Then I discovered a curious parallel. As you may recall from school, flowering plants co-evolved with insects doing most of the pollination work, getting nectar or seeds in exchange for their services. Some plants even go so far as to add caffeine to their nectar, which boosts the memories of bees, making it easier for them to remember where the plants are on their next nectar run. Dealing with Threats Requires a Flexible Approach While this is a nice and tidy example of mutualism, what the teachers usually leave out is the fact that plants also have to deal with other not-so-cooperative insects as well, insects that exploit the nectar without pollinating the plants just as some consumers feed on retailers costly showrooms while offering nothing in return. The lesson that nature offers to business in this case is to be creative and flexible in our response to such threats. For example, some plants bloom late in the season to shorten the time window that the exploiting insects have to cause damage. Of course, the insects respond by getting to the plants as early as possible during the time window, before the mutualists have a chance to do the right thing. However, thats not the end of it.
For the original version including any supplementary images or video, visit http://www.forbes.com/sites/sap/2013/06/24/what-nature-can-teach-business-about-adapting-to-threats/
College Business Majors Top the Underemployed List
“Drones can pose a hazard to aircraft, people or property on the ground,” said FAA spokesman, Les Dorr. The agency is worried about a Wild West climate that if left unchecked could get someone seriously hurt. The FAA has launched 23 recent investigations into complaints of illegal drones, according to a Freedom of Information Act request by television station WRTV in Indianapolis, Ind. In one case, the FAA proposed a $10,000 fine against drone business Team BlackSheep for buzzing the University of Virginia campus while making a promotional video. According to the FAA, Team BlackSheep was flying recklessly and had some students ducking for cover. Raphael Pirker, co-founder of Team BlackSheep, denies endangering anyone and says he was not paid for the filming. Pirker and other drone entrepreneurs say their aircraft are safe and reliable, and pose no threat to people or privacy. The business of drones is mature and ready to grow, they argue. Making matters more frustrating, they say, is that these companies have tens of thousands of dollars invested in drone equipment and are seeing their businesses grind to a halt.
For the original version including any supplementary images or video, visit http://www.foxnews.com/tech/2013/06/21/illegal-drone-business-thrives-in-us/
Small Business Week Special: Keeping Main Street Alive
A group seeking $27,000 for a public art project in Logan Square received $3,304 in pledges. “We would have loved to see more of them get funded, but we knew it was more important to create variety in funding goals and projects in the non-profit space and the small business space and test what works best,” said Katie Olson, strategy manager for World Business Chicago’s Plan for Economic Growth and Jobs. For the next round of Seed Chicago, funding targets will be capped at $10,000. Olson said some of the large fundraising goals in the first batch might have been overwhelming to potential donors, especially when they were for broad projects such as establishing an entire small business. Applicants for the second round of Seed Chicago will have to take a narrower focus. World Business Chicago is also adding an extra layer of vetting by requiring that applicants first get approval from Kickstarter. In the pilot, Seed Chicago organizers realized close to launch time that some campaigns “weren’t the best fit for Kickstarter’s platform, but by then, we’d identified the projects and worked with them so closely,” Olson said. “This time around, we will…work with Kickstarter staff to really hone in on a project that could be funded, based on the types of projects that Kickstarter backers tend to support,” she added. Fluency in social media and crowdfunding in general helped Seed Chicago’s successful projects, since they were able to reach out to their networks and rally donors. Olson said World Business Chicago will provide planning and campaign management tools to project leaders. For the second round of Seed Chicago, organizers are looking for at least 20 campaigns.
For the original version including any supplementary images or video, visit http://www.chicagotribune.com/business/breaking/chi-world-business-chicago-kickstarter-20130624,0,3867667.story
Illegal drone business thrives in US
For the purposes of this study, underemployment refers to workers with a bachelors degree (but nothing higher) working in jobs that require an associates degree or less. PayScale used the Bureau of Labor Statistics designation of job zones , with zones one, two, and three referring to positions that do not require a bachelors degree. College graduates with jobs in these zones were considered underemployed. Its important to note that Payscale chose the 10 college majors featured on its list from a longer list of 25 college majors. Less common majors were eliminated, so while fashion design majors, dance majors, and hotel management and tourism majors have higher underemployment figures than business administration and management, they werent included on the list because of their relative scarcity in the workforce. PayScale found that respondents with a bachelors degree in business administration and management are likely to find themselves working as retail store assistant managers, credit or collections managers, and waiters and waitresses. The salaries those positions earn are not the stuff of hedge fund dreams. Those retail jobs, for all majors, pay a median starting salary of $32,400. And the waiters?
For the original version including any supplementary images or video, visit http://www.businessweek.com/articles/2013-06-19/college-business-majors-top-the-underemployed-list
Business Success: How to Become a Rock Star at Work
Its likely no surprise that I wholeheartedly agree with Lendio Co-founder and CEO Brock Blake when he suggested earlier this week , Im going to go out on a limb and guess that when you think of a small business, you arent thinking of the same type of business the SBA does when they think of small business. Youre probably thinking of the local gas station, hair salon, or retail store you frequent down the street. In fact, its likely you know the owner or manager by name. You probably dont consider the 1,000-person company that operates in your state the same way as the Main Street businesses you regularly patronize? Me neither. Ive spent the last 30+ years of my career in small business. Most of it in the Main Street type of businesses you and I (and Brock) identify with. Ive even spent several years in a $30 million dollar software company that felt like a big business to me, but is considered by the SBA to be a small business. Ive owned a business or two and been an employee in a few more. Ive experienced first hand how difficult it is to find capital when your revenues arent huge, you only have a couple of employees, and you only need $10 or $20 thousand dollars to expand and thrive.
For the original version including any supplementary images or video, visit http://www.forbes.com/sites/tykiisel/2013/06/21/small-business-week-special-keeping-main-street-alive/
German Business Confidence Increases on Signs of Recovery
in Frankfurt, compared with $1.3111 before the report. The currency is down 0.1 percent today. Global stocks, bonds and commodities declined and Chinese equities entered a bear market. Germanys economy expanded 0.1 percent in the first quarter of this year after shrinking 0.7 percent in the final three months of 2012. Exports rose 1.9 percent April from March, beating economists estimates in a Bloomberg survey, data from the Federal Statistics Office in Wiesbaden showed this month. European Central Bank President Mario Draghi said on June 6 in Frankfurt that exports are a primary driver of growth for the 17-nation euro-area. Beiersdorf AG (BEI), the German maker of Nivea skin cream, on May 2 reported first-quarter profit that exceeded estimates as higher emerging-market sales countered a drop in western Europe. China Slowdown Todays Ifo index shows that there has not been any overwhelming China angst among German companies, said Andreas Rees, chief Germany economist at UniCredit Research in Munich. German companies have been able to withstand the recent downward pressure coming from the Chinese economy. This is not a small achievement, given that both Chinese soft and hard data kept on coming in on a weak note in the last few months. Chinas Shanghai Composite Index (SHCOMP) fell 5.3 percent today, the most in four years, after the central bank signaled it will maintain efforts to curb speculative lending and Goldman Sachs Group Inc.
For the original version including any supplementary images or video, visit http://www.businessweek.com/news/2013-06-24/german-ifo-sentiment-rises-for-second-month-on-recovery
This is a good way to manage your boss expectations and timelines. It allows your boss to respond accordingly whether its giving the task to another team member or providing you additional support to complete the task. Its not cool to say you know and then show that you dont. Listen and do: Learn to listen and follow the direction your given. And well, just learn. Its not okay to just hear the direction and do your own thing. If your boss tells you how to do something, or how they want something done, then do it that way.
For the original version including any supplementary images or video, visit http://smallbusiness.yahoo.com/advisor/business-success-become-rock-star-113028711.html