Category: Tools and Information

  Tap the Power of Thank You | Getentrepreneurial.com

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There may be only one day a year devoted to giving thanks, but expressing thanks year round and doing it well is one of the most profitable business strategies you can have.

Numerous studies reveal that when you thank your customers, they spend more money and tell their friends about the exceptional service and products you deliver, increasing your profits. Volumes chronicle how employee productivity zooms when appreciation is expressed, raising your margins. Vendors go the extra mile to extend credit and deliver “just in time” when they hear gratitude regularly, and keep your cash flowing. Giving thanks works in business.

But you’re already doing more with less and the last thing you want is another item on your to-do list. What are the most effective and efficient ways to express gratitude to these important players in your positive business success?

Start today implementing these 4 tips to develop the profitable habit of saying “Thank you” to your customers, employees, and vendors year-round:

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Mobile App Usage Increases In 2014, As Mobile Web Surfing Declines | TechCrunch

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New data from app analytics provider Flurry released today states that native app usage on smartphones is continuing to grow at the expense of the mobile web. The company claims that users are now spending 2 hours and 42 minutes per day on mobile devices as of March 2014, up from 2 hours, 38 minutes as of a year ago. Meanwhile, mobile app usage accounts for 2 hours and 19 minutes of that time spent, while mobile web usage has dropped from 20% of the U.S. consumer’s time in 2013 to just 14% – or 22 minutes per day – as of last month. Says Flurry CEO Simon Khalaf, the changes indicate that the mobile browser has become just “a single application swimming in a sea of apps.”

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4 Reasons to be Ready to Sell Your Online Business Right Now | BusinessTips.com

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imagesHaving an online business is great. Not only are you your own boss and can dictate your own hours, but you can also sit in casual clothes at the computer during conference calls and filling orders. But even if your business is going smoothly, and the profits are rolling in, it is still absolutely essential that you prepare the business for sale. Even if you have no absolutely no intention of selling.

Confused? Read on and you won’t be.

In the excitement of running a new business and watching it succeed beyond your wildest expectations, selling the company is probably the last thing on your mind. But the fact is, most business owners eventually end up selling to an investor or an individual at some point in time, and usually when they aren’t expecting to do so. You may be lucky enough for someone to come to you with an acquisition offer, but more likely than not, you will be looking for a buyer, not the other way around.

So in preparation for that day possibly coming, it is essential to have an exit strategy ready, so you can sell quickly and easily, and move on to your next business idea. Even if you vow never to sell your business, it is still good to perform an exit strategy exercise on a regular basis. Here’s why:

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Gifts for Employees – Great Holiday Gifts for Your Staff | Business News Daily

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Your employees work hard all year long, and there’s no better time to reward them than during the holiday season. You may not be able to give them big bonus checks or send them on expensive vacations, but a small token of appreciation from the boss can show your staff how valued they are. Here are 18 fun holiday gifts you can give your employees for less than $50

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An Entrepreneur’s Guide to Buying Health Insurance | All business

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Most entrepreneurs are solopreneurs or have less than five employees. This means that you’re not required to buy insurance for employees (obligation begins at 5o full-time employees) and it probably doesn’t make sense for you to have a company plan. In other words, you will be buying your insurance from the individual plan market. Here is a guide to buying health insurance in the age of the Affordable Care Act (ACA).

Decide Where to Buy

The ACA (often referred to as “Obamacare”) has made it much easier to buy individual health insurance plans by setting up a federal webstore: healthcare.gov. You can browse for plans available in your zip code, compare what they offer, and enroll in a policy of your choosing — all without leaving leaving the website.

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Is Your Idea Actually Terrible? What to Know. | Entrepreneur

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images (1)Sometimes, bad ideas happen to good people. We talked to a panel of experts in innovation about what bad ideas have in common to help you recognize them when they happen and figure out your plan of action.

The problem only you have. Just because a solution works for you, it might not work for anyone else or make good business sense, says Jonathan Axelrod, managing director at Entrepreneurs Roundtable Accelerator. Don’t assume that your needs are the market’s needs.

The idea you’ll monetize later. Finding a path to profitability is essential in testing the viability of an idea and whether it can find success. Crunch some hard numbers, suggests Greg Grove, an attorney at Chicago’s Much Shelist, and know what the cost to acquire customers will be, when you might break-even, and if it’s not too late to really reap the profits you think are available. After looking at the data, says Grove, “an idea that might initially look good, might be less good than you think.”

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5 Tips For Making Time For Yourself Despite Competing Priorities | Forbes

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imagesOne woman recently asked me, “How do you go to work all day, attend several meetings, then come home and make dinner and tomorrow’s lunch and go to bed early enough to get enough sleep so that you can do it all over again tomorrow? Is there a way to get all of this done – oh, and find time for exercise and meditation as well?” Here are five tips I use to create more time in my day while being bombarded with demands.​

1)   Just say No

The key to creating more time is to start saying “no” to requests and obligations that you don’t want to fulfill.  It’s kind of like cleaning out your closet. At first, you think everything is necessary. But once you begin getting rid of hangers from the dry cleaners and creating more space, you gain momentum. By the time you’re done, it feels great!

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3 Ways to Fix Unproductive Meetings That are Costing You Money | Inc.com

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getty_81178164_97064797045000_45142“Meetings are indispensable when you don’t want to do anything.” observed American economist John Kenneth Galbraith.

If Galbraith’s quote makes you smile and nod in agreement, you’re not alone.

Meetings are a necessary part of every organization. They are where plans are made, goals are set, and reports are given. They offer the opportunity for dialogue and problem solving, as well as the chance to get to know colleagues better. They can even make people laugh. When conducted well, meetings can help everyone be more productive. Sounds great, doesn’t it?

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Seven Strategies I Use on Black Friday and Cyber Monday | The Simple Dollar

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downloadI’ll be honest: since about 2009, I haven’t left the house on Black Friday. Instead, I usually sleep in after a long evening spent eating a big meal and having a few glasses of wine with family members. I do get up and check a few online sales, but I haven’t found anything in a brick-and-mortar store that makes it worthwhile to actually go out there and battle the crowds.

That doesn’t mean I don’t utilize the bargains on Black Friday and Cyber Monday. I usually do end up buying an item or two each year based on those sales though they have usually been online buys, but I have a very specific strategy that I use to make this work.

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