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Credit Card Transactions -- Could They Be Free?

If you had told me a decade ago that I could pay $40 a month for all the phone calls I could make coast to coast, I wouldn't have believed it. I used to routinely have $250 phone bills. But now, as a reporter who frequently needs to call all over the country, I am a prime beneficiary of the new all-you-can-eat calling plans.

What if credit cards could work the same way for small businesses -- a flat fee per month for all you can charge? In a thought-provoking article on the retail-tech/ecommerce site Storefront Backtalk, technology exec Todd Michaud opines that there could be. The credit-transaction business, he argues, is ripe for a disruptive new model that would radically lower costs for merchants. 
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Comment | Posted under: Money, Ideas

Can LinkedIn's Connection Limit Hurt Entrepreneurs?

When contributing writer Carol Tice wrote about the ROI of networking online, comments from readers revealed their uncertainty over the value of sites like Twitter and Facebook. So when LinkedIn--a site specifically designed for networking purposes--changed its user policy to limit the number of connections a person could have to 30,000, Entrepreneur.com investigated its potential effect on small-business owners and entrepreneurs.

Can LinkedIn's recent cap hurt entrepreneurs? Pick a side.
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5 Comments | Posted under: Social Media, That's Odd, Ideas
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Tomorrow's Living-Wage Jobs

Last night I was watching the HBO documentary Schmatta: Rags to Riches to Rags, which chronicles how Jewish and Italian immigrants created the New York garment district soon after the turn of last century, and built it into the largest employer in the city. It goes on to show how, after more than 70 years of being a thriving source of good-paying union jobs, it all disappeared as trade protections ended and NAFTA ushered in a new era of global free trade.

The film repeatedly asks the questions: How will we rebuild the American middle class? Where will tomorrow's living-wage jobs come from? read more...

Comment | Posted under: Ideas, Small Biz News

Get a Holiday Sales Boost

nw-ent-network.jpgIf you're a retailer who sells online, and you'd like to give your sales a free, end-of-season boost, you might want to join in on the second annual Free Shipping Day.  

Created last December on a whim by Luke Knowles of free-shipping coupon site FreeShipping.org, Free Shipping Day was designed to help retailers on the last day when virtual shops can guarantee delivery before Christmas. Apparently, online shopping starts to decline around Dec. 12, as customers get nervous about whether packages will arrive, and Knowles thought this might help keep the online sales going. read more...

Comment | Posted under: Marketing, Ideas, Growing Your Business

Twitter Contest Lets You Pitch VCs

nw-ent-network.jpgIf you're hoping to connect with venture capital firms to pitch your company story, a new contest may help--but you'll need to be ready to catch a plane to Seattle.

This year at Northwest Entrepreneur Network's signature networking event, Entrepreneur University, six lucky companies will get to make their pitch before a media panel and conference attendees. How do you qualify? A Twitter contest.

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Comment | Posted under: Money, Small Biz News, Ideas, Growing Your Business

Prepare for the Worst-Case Scenario

worst-case-cover.jpgMost of us believe there's no way to prepare for Murphy's Law but wouldn't it be nice if you could? Enter The Worst-Case Scenario Business Survival Guide, a guide for surviving the most dangerous business situations.

This isn't some thick theory heavy business text. Instead, the authors David Borgenicht and Mark Joyner have teamed up to provide a step-by-step guide for dealing with five core business emergencies: finance, HR, productivity, sales and marketing and executive. read more...

Comment | Posted under: Startup, Money, Ideas

Wednesday Web Resources: New Ways to Reach Your Customers

wed-web.jpgI'm always fascinated by companies that present potentially disruptive new ways of communicating that could transform how we reach out to customers and find clients. This week, I've collected three interesting startups that are combining existing communication forms to create new modes for reaching out. They may not all be quite ready to use yet, but consider these concepts brain food to expand your idea of what is possible.

The U.S. Postal Service may want to watch out for Zumbox--it's providing a way for companies (and everybody, ultimately) to send formatted PDF mail direct to customers' computers, saving the postage stamps. The company's technology enables them to create a computer inbox--or Zumbox--for every street address in America. So companies don't need to know customers' e-mail addresses--with a street address (and the customer's permission) the company can electronically deliver their mail. Besides saving on postage, this will also allow companies to send interactive, multimedia mail with clickable links, videos, you name it. read more...

2 Comments | Posted under: Marketing, Online Biz, Ideas, Growing Your Business

Can States Save Their Small Businesses?

sen-mary-landrieu.jpgWhile federal legislators continue to muse about whether there should be focused recession relief aimed at small business such as the nationwide emergency lending facility proposed by President Barack Obama last year, some states are stepping into the breach, calling small businesses together and trying to figure out how to help them.

For instance, Florida Gov. Charlie Crist is holding a small business summit next month, inviting more than 20 business owners from around the state to brainstorm on how the state can make it easier to do business in the state. Planned session topics included cutting red tape, working with the state's Small Business Regulatory Advisory Council, and better connecting small business owners with the state's workforce agencies. read more...

Comment | Posted under: Ideas, Small Biz News

The End of Advertising: What Will It Mean for You?

Questions and Answers
A new study from IBM forecasts mind-bending changes for the ad world. "The next 5 years will hold more change for the advertising industry than the previous 50 did," the study proclaims.

The question is, what do you plan to do about it? How will you reach your customers in the future?
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5 Comments | Posted under: Marketing, Ideas

Businesses Bought and Sold...for Less

sold-4-less.jpg It's been bargain week in the business-selling marketplace. The poster child: shrinking BusinessWeek's sale for less than $5 million to Bloomberg on Tuesday. 

Also making news: California's largest and oldest independent bookstore, Vroman's, which purchased another indie, Book Soup. In both cases, the acquisition moves likely mean the difference between survival and death for the acquired.

Still, many commentators seem more sad than relieved as they contemplate how business values in so many sectors have declined. And it is sad to think of owners putting so much money, time and sweat into their businesses only to see them bring so little in the end.
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Comment | Posted under: Ideas, Small Biz News
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