January 27, 2012 |
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- Break a tie and make a choice
When faced with two different yet equally appealing choices, you might have to just pick one and try it out, Mark Peter Davis writes. In these cases, you should "[i]dentify which strategy it would be easier to abandon and start with that first." Inc.com (1/23)
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- 5 tactics for bringing in more high-quality prospects
Customers who use very specific search terms to find a company's website are often high-quality prospects, and, by catering to these customers, one company was able to achieve a 9% conversion rate. The company concentrated on improving its ranking in search engines, offering useful content and providing links to its online store. MarketingSherpa (1/26)
- What social media marketers can learn from AMEX
Some Facebook contests are only successful at creating shallow, short-term engagement, but this need not be the case, Kimberly Smith writes. For example, American Express Israel was able to create more long-lasting awareness by using a contest that encouraged users to rack up reward points by completing various tasks. MarketingProfs (1/25)
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| Managing the Talent Supply Chain in Retail
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- 7 steps to meeting less and accomplishing more
Companies can make their meetings more productive by using a system that involves working in 50-minute spurts broken up with short breaks, Dave Logan writes. Before starting the meeting, have the group develop ground rules such as no texting during work cycles. Figure out what you want to get done during each cycle, and then work to achieve it. CBS MoneyWatch (1/25)
- Strategies for spotting the rare thieving employee
Employee theft can be a difficult problem to handle for many small businesses. It's important to create a clear policy about employee theft and avoid job candidates who have misbehaved in the past, according to Timothy Dimoff, a security consultant. Businesses should also find a way to reward employees who report others' misdeeds, said Emily Frost of Emily Frost Law. Inc.com/Tech Report (1/24)
- Does your home office qualify for a tax deduction?
If you have a home office that you exclusively use for business purposes, you might be able to claim a tax deduction, writes Barbara Weltman. The exclusive use provision can be a little tricky to interpret -- storing items in an office probably won't disqualify you from taking the deduction, but using it as a family room after work hours will. Small-business owners interested in the deduction should discuss their situation with a tax adviser, she writes. The Wall Street Journal (1/24)
- How to keep better books this year
Failing to keep your business' books in order is a recipe for disaster, but accounting doesn't have to be an arduous process, Nicole Fende writes. Use technology to improve your bookkeeping, and consider hiring someone to help you out, she writes. To make sure you keep your commitment to accounting, literally throw away some of your money every month that you fail to track your finances, she recommends. Small Business Trends (1/26)
- Escaped cat grounds Canadian airliner
Never mind snakes on planes -- it took just one little house cat to ground an Air Canada flight this week. The cat, named Ripples, escaped from its carrier just before a Toronto-bound plane took off from Halifax airport. Ripples hid behind paneling in the cockpit. The plane was grounded for more than four hours while workers removed panels, extricated Ripples and made sure that no damage had been done. The Toronto Star (1/25)
| You're not going to make every decision perfectly without market reactions, so always do your best to give yourself room to correct."
--Mark Peter Davis, co-founder and CEO of Kohort, writing at Inc.com
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Recent SmartBrief on Small Business Issues:
- Thursday, January 26, 2012
- Wednesday, January 25, 2012
- Tuesday, January 24, 2012
- Monday, January 23, 2012
- Friday, January 20, 2012
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