Saturday 30 September 2017

The Leadership Lesson I Learned Waiting for My Flight to Crash Land

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(This post originally appeared on Entrepreneur)

What could the guy next to me possibly be thinking? We were both on the same American Airlines flight. And it was doomed.

The flight, which took off on a grey afternoon from Buffalo, New York, was headed to Philadelphia. It was just a short flight and for the most part conditions were fine. I was in Buffalo for a business trip and looking forward to getting home. The plane was one of those smaller regional jets typical for routes like this.

The guy next to me was an American Airlines pilot – but relax, we weren’t sitting in the cockpit. It was one of those times when pilots take empty seats to “jump” from one city to another in order to make their next assigned flight. He sat next to me a few minutes before the door closed and, after a quick greeting, he tipped his cap over his eyes and settled in for an off-duty snooze.

We took off.

You know when your plane takes off and you feel it go up and up and then you hear the little “bong” which indicates you’re over 10,000 feet and then the flight attendant comes on to welcome you, remind you of the rules and tell you how to use the in-flight internet? Unfortunately, none of that happened. Within a few minutes of takeoff, I noticed something odd. The plane wasn’t gaining altitude. It kind of hung around a few thousand feet off the ground. For a while.

My curiosity didn’t last long. The pilot came on the intercom. “Ladies and gentlemen,” he said in an even voice. “As you’ve probably noticed we haven’t reached out cruising altitude. That’s because we’re having a problem with the landing gear.”

Uh. Oh.

“The landing gear,” he continued. “Well…it hasn’t come up all the way. We think it’s stuck but we can’t be entirely sure. So we’re going to fly around for about 45 minutes so that we can…” (and this is the part no one wanted to hear) “…burn off some fuel before we go back to Buffalo and…” (he actually said this) “…attempt to land.”

Interestingly, my fellow passengers seemed to take this horrific information in stride although there was an obviously strained silence throughout the cabin during those 45 minutes. But what really caught my attention was the guy sitting next to me — the jump pilot. He just kept napping. He showed absolutely no reaction whatsoever. And trust me — I wasn’t the only one watching the guy. Every set of eyes was on him. I’m assuming if he so much as frowned — let alone reach for a parachute — all hell would break loose. But no, he just kept quietly snoozing away.

As you’ve probably figured out by now, everything turned out fine. The plane landed without incident, albeit amidst a cluster of fire trucks and ambulances with their lights flashing on the runway. As we taxied back to the gate, the jump pilot next to me stirred and tapped me on the shoulder. Showing me his phone he said “Hey, just wanted you to know that I got a message from the airline that this flight will be delayed two hours.”

“Are you kidding?” I asked him. “That’s what you’re concerned about? We almost died! Were you even aware of what was going on here?”

He paused for a moment. And then he said this: “Sure, I was aware the whole time. And I guess I can tell you now: I was shitting myself.”

I had no answer to that. But after a minute or two of silence he turned back to me. “But one thing I’ve learned in this job,” he said with a wink. “You never let the people who are watching you see you sweat.”

I hope to never have to have that kind of situation again. But, as someone who runs a company and employs people who are constantly watching me, I took the American Airlines pilot’s advice to heart. I know that other difficult challenges still lay ahead for my business. But whatever those challenges are, I intend to behave like that pilot. My rule is that I will never let my people see me sweat either.




Pair of Upcoming Webinars Can Help Your Business with Financing, Budgeting


Small businesses looking for financing have way more options today than they would have in the past. But all those extra choices can lead to confusion for small business owners.

If you’re trying to sort through the range of financing options available to small businesses, an upcoming webinar might be able to help. The webinar, Understanding Alternative Financing Options for Business Owners, is scheduled for October 5 and registration is currently open.

And that’s not all! Another webinar aimed at helping small businesses with budgeting is scheduled for the same day.

You can learn about both upcoming webinars and more by checking out the Featured Events section and list below.

To see a full list or to submit your own event, contest or award listing, visit the Small Business Events Calendar.



Featured Events, Contests and Awards

Webinar: Understanding Alternative Financing Options for Business OwnersWebinar: Understanding Alternative Financing Options for Business Owners
October 05, 2017, Online

Take the confusion out of choosing the best financing for your business. Join us for this webinar to gain a better understanding of the alternative lending landscape. Register today!


WEBINAR: Dimes to Dollars: Use Apps, Conserve Energy and Recycle to Control Your BudgetWEBINAR: Dimes to Dollars: Use Apps, Conserve Energy and Recycle to Control Your Budget
October 05, 2017, Online

Learn the techniques small businesses are using to gain control of their budgets. Hear from experts, including small business experts Anita Campbell, Ivana Taylor and Michael Cammon, Director, Digital Marketing & Development at Constellation, an energy supplier, for practical ideas to implement in minutes, including how to save money through light bulbs, how to win the thermostat wars in your office, how to switch energy providers to lower energy rates, recycling to save money (as well as helping the environment), how to get an energy audit done – and how it can help, smart building” apps for you and your team to manage costs, how landscaping, caulk and window coverings can save big and energy tax breaks available. REGISTER TODAY!


ONTRApaloozaONTRApalooza
October 04, 2017, Santa Barbara, Calif.

ONTRApalooza is a three-day conference for entrepreneurs, marketers and business leaders packed to the brim with hands-on workshops, in-depth software sessions, and inspiring keynotes from leading experts. Join in on Oct. 4 – 6, 2017 to learn the strategies that are getting results now. Leave prepared to make a bigger impact.


Rule Breaker Awards Ceremony Rule Breaker Awards Ceremony
October 24, 2017, Scottsdale, Ariz.

On October 24, 2017 at the Talking Stick Resort in Scottsdale, Arizona, the Rule Breaker Awards will honor and celebrate those entrepreneurs who have succeeded by doing it their way in a ceremony featuring the Rule Breaker of the Year and Rule Breaker Award winners.


NextConNextCon
October 23, 2017, Scottsdale, Ariz.

At NextCon, you’ll gain:

– Proven techniques to garner higher customer satisfaction.
– Insider strategies from leading experts to help you provide amazing customer service.
– Methods of engaging your employees to better deliver on your customer experience.
– Hands-on training with Nextiva’s technology and products so you can take advantage of tools you already have, or learn about new ones.


Sales World 2017Sales World 2017
November 08, 2017, Online

Sales World 2017 takes place November 8th to 9th, 2017, Online; Live and On Demand. It is the largest Sales Industry Event in the World and will be attended by over 10,000 Sales Professionals. It’s the one sales event you can’t afford to miss!


DIGIMARCON WORLD 2017 - Digital Marketing ConferenceDIGIMARCON WORLD 2017 – Digital Marketing Conference
November 14, 2017, Online

DIGIMARCON WORLD 2017 Digital Marketing Conference takes place November 14th to 16th, 2017. Whether your goal is to reinforce customer loyalty, improve lead generation, increase sales, or drive stronger consumer engagement, DIGIMARCON WORLD 2017’s agenda will help attendees enhance their marketing efforts. Sessions will focus on building traffic, expanding brand awareness, improving customer service and gaining insight into today’s latest digital tools.


More Events

More Contests

This weekly listing of small business events, contests and awards is provided as a community service by Small Business Trends and SmallBizTechnology.

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This article, "Pair of Upcoming Webinars Can Help Your Business with Financing, Budgeting" was first published on Small Business Trends



They wanted to raise awareness, so they stuffed a cow and hung it in their restaurant.

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(This post originally appeared on The Washington Post)

This is not a stunt. It’s an ethical act to raise awareness about dairy production. That’s what the owners of Etica, an Adelaide, Australia pizza restaurant, say. But some in the town, according to Adelaide Now, are calling it obscene, shocking and “utterly disgusting.”

The stuffed, eight-year-old body of the long-deceased black-and-white Friesian-Hereford cross (that’s a cow to you and me)–once named Schvitzy–prominently hangs by its rear hoofs from the ceiling of the restaurant’s very visible glass atrium. As you can imagine, it has been creating quite a disturbing picture not just for the pizzeria’s diners but for anyone walking or driving by who happen to look inside its huge windows. The owners, Federico and Melissa Pisanelli, insist that Schvitzy “was slaughtered at her owners’ farm and her meat was ‘entirely consumed’ before her skin was stuffed.”

“The installation has a mission,” they wrote on their company’s Facebook page. “It aims to draw a connection to the true consequence of consuming dairy. We do not aim to influence on whether one should consume dairy, but rather, we urge our consumers to understand the origin of their food in order to make a conscious decision on whether to eat it.”

Whatever the intention, the response has been swift and vitriolic. People have called the owners sensationalistic. News of the cow’s display has drawn reactions from all over the world, with one woman posting a change.org petition asking the owners to remove Schvitzy from the ceiling. The petition has attracted more than 4,000 signers so far.

The Pisanellis don’t seem concern their display might be a turnoff. Their aim is to better educate their customers’ “programmed perceptions” about where their food comes from.

“Etica believes it is much more powerful to make an informed choice rather than adopt an ideology that one does not completely understand,” they wrote.




Update Your Online Marketing Strategy with These 10 Tips


You know all of the basic ways to market a business online: create content, use social media, buy online ads. But your competitors know all of those methods too. So you need to step up your efforts if you want to stand out. Here are some new ways to update your online marketing from members of the online small business community.

Make Your Content More Relevant in Search

In order for your content marketing to be effective, people need to easily be able to find it. And search engines are a big part of that. To learn how to make your content more relevant in search, check out this Content Marketing Institute post by Marcia Riefer Johnston.

Avoid These Common AdWords Mistakes

AdWords has been a major tool for online marketers for years. But in that time, many have made costly mistakes that have lessened the effectiveness of their ads. See some of those common mistakes so you can avoid them in your own efforts in this Search Engine Journal post by Susan Wenograd.

Create Processes for Regular Web Maintenance

Once you’ve created a great website for your business, the work isn’t over. You have to perform regular web maintenance. And creating processes can help with that. Benjamin Brandall provides a helpful checklist for doing so in this Process Street post.

Make Your Business Happy with These Landing Page Benefits

Think you don’t need to use landing pages as part of your online marketing strategy? Think again! In this post, Mike Allton of the Social Media Hat shares why you’re wrong to believe landing pages are unimportant. BizSugar members also shared thoughts on the post here.

Learn the Art and Science of Retargeting

Retargeting gives businesses a unique opportunity to procure more repeat shoppers online. But there’s a lot that goes into this process. Learn the art and science of retargeting in this Target Marketing post by Patrick Kuehn and Daniel Ripes.

Implement These Marketing Automation Workflows

Online marketing can be a time consuming undertaking. But you can save time and increase effectiveness by automating certain processes. In this SUCCESS Agency post, Mary Blackiston suggests seven marketing automation workflows that you should implement in order to save time.

Use These Affiliate Marketing Strategies for Success During the Holidays

The holidays are quickly approaching, providing opportunities to boost sales with unique holiday promotions. And affiliate marketing can be a huge part of your strategy. In this Marketing Land post, Adam Weiss offers some affiliate marketing strategies you can use for success during the holidays.

Boost Retention Rates with These Customer Support Hacks

Online marketing isn’t just about gaining new customers. You also need strategies for retaining current ones. The customer support hacks listed in this Post Funnel article by Sam Hurley can help in that area. And you can also see commentary on the post over on BizSugar.

Avoid These Common Blogging Mistakes

Blogging has been a popular way for businesses to promote their offerings and earn extra income for years now. But some are still just getting started with blogging, meaning they could be more prone to mistakes. To learn more about some of the common mistakes to avoid, read this Basic Blog Tips post by Erik Emanuelli.

Maximize Your Email Marketing Strategy with These Platforms

Through all of the changes to online marketing tools and platforms, email remains a powerful way to communicate with customers and potential customers. If you’re looking to maximize your email marketing strategy, this SMB CEO post by Megan Totka may be able to provide some useful insights.

If you’d like to suggest your favorite small business content to be considered for an upcoming community roundup, please send your news tips to: sbtips@gmail.com.

Online Marketing Strategy via Shutterstock

This article, "Update Your Online Marketing Strategy with These 10 Tips" was first published on Small Business Trends



25 Examples of Halloween Displays to Inspire Your Retail Store

25 Examples of Halloween Retail Displays to Inspire You - Halloween Retail Displays - Halloween Retail Ideas - Halloween Display Ideas

Americans are expected to spend more than $9 billion on Halloween purchases this year. So if you don’t have some kind of Halloween display ideas, you might want to put your thinking cap on. Here’s some inspiration to help you come up with a Halloween retail display to boost sales for your small business this fall.

Halloween Retail Displays to Inspire You

Graveyard Candy Display

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Candy is a product you’d naturally want to showcase for Halloween. Dylan’s Candy Bar in New York took a unique and colorful approach by arranging candy to look like tombstones.

Halloween Display Ideas for the Classic Cake Shop

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This cake shop in Cyprus took a pretty classic approach, simply arranging some festive treats along a table and a simple message stated with window decals.

Cute Sweet Shop Display

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This window display at Waseda Doori in Japan features a lot of the shop’s normal products and then simply integrates some little pumpkins and other cute decorations.

Orange Decor Display

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For a stylish look, decor boutique Willow and Stone in England created a display that includes products and decorative elements that fit into just one color category — orange for the Halloween season.

White Pumpkin Home Decor Vignette

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Orange and black don’t necessarily go with the style of every business. For FOUND by domestic bliss, a vintage and decor shop in Arizona, the off white palette of this display is more consistent. But the store still integrated pumpkins and fall elements into the design.

Apothecary Decor Window Display

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Scout in Michigan also created a subtle Halloween display showing off some home decor items that look like they might belong in an apothecary or be used for casting spells or making spooky potions.

Skeleton Kitchen Antiques Setup

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Country Meadows, an antique shop in Illinois, took a quirky approach to showing off some of its items by creating a classic kitchen display and then adding some skeletons and halloween decor.

Edgar Allen Poe Book Display

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This photo is from a library display at a school in Kansas. But something similar that features Poe or other authors that specialize in spooky fiction could work at a bookstore or similar business.

Makeshift Costume Display

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An American Apparel store in California created this display showing how some of its items could be used for various superhero costumes.

Witch Outfit Fashion Showcase

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At Whimsy, a retail fashion boutique in Illinois, the Halloween display ideas featured a mannequin with a gray and black outfit, A broom and witch’s hat are other clever Halloween retail ideas.

Bridal Pumpkin Head Display

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At Alexandra’s Bridal Boutique in Massachusetts, the store created window displays featuring its dresses on mannequins with pumpkin heads, along with some spooky lighting.

Kids’ Clothing Pumpkin Display

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To show off its line of fall kids’ clothes, Ralph Lauren in New York created a window display featuring a large jack-o-lantern and some smaller fall elements alongside mannequins featuring fall outfits.

Skeleton Mannequin Window

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Another way of displaying clothing in a spooky way, this retail boutique in New York used skeletons instead of mannequins.

Eyewear Mummy Mannequin

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You can also use spooky mannequins like mummies to show off smaller accessories like eyewear, as Luxury Eyesight in Illinois did with this display.

Skull Window Display

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Or if you’re more interested in getting attention than showing off your products, you could do something like this Marc Jacobs window in New York that just features stacks of fake skulls and bones.

Jack-o-lantern Retail Window

25 Examples of Halloween Retail Displays to Inspire You - Jack-o-lantern Retail Window - Halloween Retail Displays - Halloween Retail Ideas - Halloween Display Ideas

Halloween retail ideas can be found all over the world At Mono, a retail shop in Japan, the window features a cutout of a jack-o-lantern so you can see pumpkins and mannequins decked out with the store’s accessories through the cutouts.

Broom Hardware Store Display

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You might think that there’s not a lot of opportunity to create fun halloween displays featuring hardware store products. But Cole Hardware in California proves that sentiment wrong with this spooky broom window display.

Stylish Bat Window Display

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This window at Grasse, a retail shop in Norway, features a white and gold color palette with a set of paper bats in the background to add a festive touch.

Classic Character Gift Shop Display

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This window at a gift shop in Walt Disney World features some simple Halloween decor and then some festive products displayed around classic characters Mickey and Minnie.

Eclectic and Magical Gift Shop

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Roger’s Gardens in California hosts a series of pop-up boutiques each fall. This year, its focus is on shops with a magical feel, including this eclectic “Owl Post” shop that mixes Halloween items with references to popular magical tales.

Giant Witch Feet Outdoor Display

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Harrods in London created a large outdoor display a few years ago featuring the witch’s feet from the Wizard of Oz. It might not be a Halloween movie exactly. But it was certainly an attention grabbing display.

Colorful Halloween Display Ideas for Your Sporting Goods Store

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Chums, a sporting goods store in Japan, kept its window display fun and colorful, but added a spooky element with a masked mannequin and some pumpkins for Halloween.

Plush Animal Hospital Window

25 Examples of Halloween Retail Displays to Inspire You - Plush Animal Hospital Window - Halloween Retail Displays - Halloween Retail Ideas - Halloween Display Ideas

This animal hospital also got into the Halloween spirit with a window display featuring plush dogs with costumes and pumpkins.

Giant Scream Soda Display

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Grocery or convenience stores, there are plenty of Halloween images you can conjure up by arranging boxes of soda or other beverages, like this one showing ghostface from Scream.

Carved Pumpkin Display

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Your Studio is a service based business that provides branding and design services, so it doesn’t really have products to showcase in a window display. To show some Halloween spirit, the business chose a theme for some carved pumpkins and created a window display around those instead.

For more Halloween marketing ideas please read:

Halloween Photo via Shutterstock

This article, "25 Examples of Halloween Displays to Inspire Your Retail Store" was first published on Small Business Trends



Venture Deals Breaks Down the VC Industry for Entrepreneurs

Venture Deals Breaks Down the VC Industry for EntrepreneursSo, you’ve got your business plans, pitch deck, and awesome team ready to launch your startup. Think you’re ready to go? Your journey is just starting out, young grasshopper. Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist is an in-depth guide through the legal and financial maze that most startup owners aren’t prepared to face. Written by two experts with more than 40 combined years in the venture capital industry, the book points out the key terms and conditions to look for while signing contracts and moving closer to their dream.

What is Venture Deals About?

Venture Deals is the third edition of a book that started out as a blog intended to bring more transparency to the venture capital (VC) industry. The VC industry has its own terminology, best practices, and strategies that many people, including promising startups who are approached by venture capitalists, do not realize. The book starts with the basics, explaining how a VC firm is structured and how it invests.

Venture Deals then delves into the core topic of the book, the term sheet. For those not familiar with the word, a “term sheet” is like a golden ticket to Willy Wonka’s Chocolate Factory — from a startup’s point of view. It lays out the initial conditions for a venture capitalist or VC firm to invest in your startup dream. Getting this term sheet is a hard-fought battle, but it is the start of a longer war. That is the purpose of the latter part of the book, which focuses on the funding and negotiation concerns you may have down the road.

Beyond term sheets, Venture Deals exposes readers to the mind of a venture capitalist — or VC. The authors show what a venture capitalist looks for in a promising startup at each stage of funding. (Hint: it’s more than an awesome-looking pitch deck or Prezi presentation). Unlike the perception, startup financing is not like a fairytale where a “venture capitalist” waltzes in to save a promising startup. The promise is more nuanced, startup owners have more options, and conditions have more leeway than you might imagine. Venture Deals is a guide to understanding these nuances and options so you can achieve the most favorable arrangement to launch the start-up of your dreams.

Author Brad Feld is an experienced early-stage investor and entrepreneur with 25 years of experience in the industry. He co-founded Foundry Group with Jason Mendelson. Feld has also founded (or co-founded) several other businesses including Intensity Ventures, Feld Technologies and Mobius Venture Capital. Besides running businesses, he is also an avid marathon runner.

Co-author Jason Mendelson is a former startup lawyer, an adjunct law professor, and a co-founder of the Foundry Group. Mendelson previously served as managing director and Chief Administrator Office for Mobius Venture Capital. In addition, he is a hiker, musician and home remodeler.

What Was Best About Venture Deals?

Venture Deals deserves a lot of credit for attempting to break down the venture capital industry for the wide-eyed startup owner who still believes his or her startup is a billion-dollar unicorn in the making. While authors Feld and Mendelson don’t dash anyone’s dreams, they bring a much-needed practicality to the world of startups entrepreneurs will need to understand. The authors pull out key terms and concepts from the confusing legal and financial startup funding maze and take readers on a tour to show how the industry really works. In some cases, Venture Deals walks readers through every important paragraph of a document (like the term sheet).

What Could Have Been Done Differently?

Venture Deals, while extremely helpful and organized when focusing on the fundamentals, is not a book for everyone. Despite the authors’ attempts, it can be an intellectually daunting book if you don’t have some exposure to corporate finance. This isn’t a bad thing, but it is something readers may want to consider. If you know what terms like “convertible debt” and “vesting” mean, you should be fine.

Another issue is the balance of legal and financial information. The book is skewed more toward the financial side of things. More information on the legal issues in startup financing might be helpful.

Why Read Venture Deals?

As mentioned above, the venture capital industry is something most people know little about. Because of that lack of knowledge, people to believe in the hype. The authors take the time to gently bring entrepreneurs back to earth by explaining key issues a prospective startup company needs to understand. There aren’t too many books that do this kind of thing. Most startup books focus on the business strategy or marketing aspects of getting a new business off the ground. Venture Deals focuses on the less shiny, but all-important, legal and financing issues of building a startup.

This article, "Venture Deals Breaks Down the VC Industry for Entrepreneurs" was first published on Small Business Trends



Travis Kalanick appoints Ursula Burns, John Thain to Uber’s board

 Former Uber chief Travis Kalanick has appointed two more people to the ridesharing company’s board. One of the seats is going to Ursula Burns, former CEO and Chairwoman of Xerox. The other is going to John Thain, who has served as CEOs of CIT Group, Merrill Lynch and the New York Stock Exchange. A spokesperson for Kalanick provided us with the following statement: “I am happy to… Read More

Friday 29 September 2017

A start-up’s hiring strategy: unlimited salaries

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(This post originally appeared on The Washington Post)

A controversial Chinese start-up is going all out to recruit top talent — and its strategy seems to be working so far.

Beijing ByteDance Technology is the company and its mobile app, Jinri Toutiao (or Today’s Headlines), is a news aggregator that has, in just five years, amassed more than 120 million daily users and generated annual revenue exceeding $2.5 billion. The company’s valuation of $20 billion is twice that of News Corp and seven times more than the New York Times.

The application pulls content from hundreds of sources — news sites, videos and other places online — which it then hosts on its own servers. Using proprietary algorithms, the application then automatically customizes a news feed for each user based on their preferences. The way it does this has created some controversy (and copyright lawsuits) within the media world because oftentimes users don’t click through the stories on its site to the original publishing source. But that’s not the only controversial thing about the company. Its recruiting efforts have drawn the attention of many in China’s tech community.

China has a reputation of paying low wages to its workers. But not ByteDance.

“Our philosophy is to pay the top of the market to get the best,” the company’s 34-year-old founder Zhang Yiming told the Sydney Morning Herald. “The company that wants to achieve the most, you need the best talent.”  The entrepreneur says he’s willing to pay “unlimited salary for unlimited talent.”  The company has aggressively gone to war with other Chinese tech giants like Baidu and Tencent Holdings, oftentimes luring talent from those companies with salary raises of 50 percent higher plus stock options.

ByteDance’s top earners make more than $1 million a year plus stock options, with total compensation sometimes exceeding $3 million. The $50 billion Chinese venture capital markets have increased tenfold since 2013 and tech companies there are competing for top talent.

Zhang has good reason to pay top dollar. The company has “ambitious” plans to expand and is working on a dozen new applications, including an English version aimed at Americans. Many, however, are questioning whether Zhang’s decision to compete against, rather than forge alliances with China’s top tech companies may hurt him in the long run.




Report: Family-owned businesses are doing better than the rest

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(This post originally appeared on The Washington Post)

People like to complain about their families. But when it comes to making money, it’s the family-owned businesses that seem to be doing it best.

That’s the conclusion from a report issued this week by Credit Suisse. The report, surveying the principal members of 900 family-owned firms found that these firms made more money, generated more cash and generally performed better in the financial markets than their non-family-owned counterparts.

“Over time, family-owned companies very structurally outperform in every region, every sector, and for small and larger companies,” Eugene Klerk, head analyst of thematic investments at Credit Suisse, told CNBC.

Credit Suisse’s portfolio of family-owned companies have outperformed most other equity markets by an annual average of around 400 basis points per year, the report found.

What is considered a family-owned business?  That’s any company where a founder or their descendants owns 20 percent of the company’s equity. But it’s not just stock ownership. Credit Suisse’s definition also includes those companies where families control more than 20 percent of the firm’s voting rights, regardless of ownership. Why? Because family control through “day-to-day” management or board membership tends to be more important to the company’s performance rather than the amount of stock held by family members, the report found.

Don’t be misled. Many of us automatically think that family owned firms are mostly small businesses — and they are. But there are many larger, more well-known companies that also fall under this definition such as Alphabet (the owner of Google), Facebook and Alibaba.

Regardless of size, why are family-owned firms so much more successful?

Most of them, according to Credit Suisse analysts, are in it for the long term and aren’t afraid to forego quarterly earnings targets to fund research and development for the future. More than 60 percent of firms separately surveyed by Credit Suisse tied executives’ compensation to the organizations’ multiyear revenue streams and earnings growth. In addition, firms in this category tend to self-fund rather than borrowing which strengthens their equity positions.

So sure, working with family can be trying at times. But you can’t argue with the results.




Roku nearly doubles since IPO, up another 13% on day two

 Digital streaming business Roku has soared in its public debut. After pricing its IPO Wednesday at $14 per share, Roku finished its first day of trading at $23.50, up nearly 68%. And by the end of Friday, Roku closed at $26.54, or up 90% in less than 48 hours. The company is now valued at about $2.6 billion. So this must be great news for the company, right? Well, sort of. Roku’s team… Read More

Researcher Emilio Ferrara talks about the rise of fake news and botnets

 Emilio Ferrara has been thinking about botnets for over a decade. As the first social networks climbed out of the mire, he noticed that they were very easy to game. Now, it seems, all of those early tools have finally been weaponized. I spoke to Ferrara about his research work as well as his fascinating study that found that Twitter bots can be used for good. In this episode of Technopia we… Read More

(POLL) Do You Still Use Business Cards?

Not everyone does business online and for those who remember a time before high-speed access, they’re sure to also recall business cards.

For someone with a small business, at one point a business card was as valuable as a favorite player’s sports card. They have your company name, contact information, and even a logo.

Over the years, they came in different sizes and shapes, colors of paper and paper stock. Today, there’s even a collector’s market for vintage business cards.

But of course, we know there are still some readers who still actively use business cards. Maybe not as much as they used to, but a business card is still an invaluable tool for a lot of small businesses.

At the very least, they’re still a tool that bridges the gap between small businesses who’ve begun to adopt more digital technology and their customers who haven’t or never will. (Think of the salon owner with a customer who uses a business card as an appointment reminder notification.)

So, in this week’s poll, we want to know simply:

Do you still use business cards?

Let us know by answer the poll question below. Share your thoughts on how you still use business cards or when you realized they weren’t necessary anymore in the Comments below.

Note: There is a poll embedded within this post, please visit the site to participate in this post's poll.

Business Card Photo via Shutterstock

This article, "(POLL) Do You Still Use Business Cards?" was first published on Small Business Trends



Skype Introduces New Pricing Structure, Slack Unveils Shared Channels

Skype and Slack are two of the most popular tools with business teams seeking to communicate. And, of course, Skype is also helpful for communicating with clients and partners online. So the changes both platforms announced this week are very big news for the whole small business community.

Skype announced a new pricing model for businesses. And Slack introduced the ability for businesses to set up shared channels to communicate with outside clients. Read about these updates and more in the weekly Small Business Trends news and information roundup.

Small Business Operations

Microsoft Announces New Skype for Business Pricing Models

The 2017 pricing for Skype for Business was just updated, and if you are a small businesses you will have more options. Two years have passed since the last update, and in that time Microsoft (NASDAQ:MSFT) has introduced new services. These include Teams, Skype for Business Online and the transition to Office 365 as Microsoft moves to the cloud.

Slack Introduces Shared Channels to Let Outside Clients Work With Your Team

Is the act of collaborating with someone outside of your small business unnecessarily complicated? After conquering teamwork within an organization, Slack just introduced Shared Channels so you can seamlessly do the same with people and organizations outside of your company.

Accelo Raises $9 Million to Build Tools for Project Driven Businesses

Operations automation system Accelo just raised $9 million to improve and build on its suite of tools for project driven small businesses. Level Equity led the Series A round of funding, with contributions from Fathom Capital and existing investor Blackbird Ventures.

Hurricane Irma: My Experience in the Eye of a Hurricane [Watch]

Up until a few days before Hurricane Irma made landfall in the U.S., we thought it would miss us in Naples, Florida. The forecasting models had Irma tracking out in the Atlantic ocean to the east of Florida.

Hurricane Irma: First Hand Account from a Small Business Owner Hunkering Down

Small Business Trends founder and publisher Anita Campbell was on the ground and saw first hand the devastation as Irma headed through Naples, Florida. Here is the first in a series of articles describing her experience.

10 Tips for Helping Your Small Business Survive a Disaster

All of the damage and chaos created by hurricanes Harvey and Irma in recent weeks have highlighted the need for small businesses to be prepared in the case of a natural disaster. Up to 40 percent of small businesses never recover after a natural disaster.

Economy

SBA Gives Maine Small Businesses $200,000 to Help Improve Exports

The Maine International Trade Center just received a grant for almost $200,000 from the U.S. Small Business Administration to help small businesses in the state grow their exporting operations. The Main International Trade Center, which is located in Portland, helps small businesses in the area market their products around the world.

Senate  Small Business Committee Presses Wells Fargo CEO on Account Fraud Scandal

Senators are now wondering if small businesses were impacted by the fake account scandal that continues to plague Wells Fargo (NYSE:WFC). Late last week, Democrat Sen. Jeanne Shaheen, of New Hampshire, wrote a letter (PDF) on behalf of the Senate Committee on Small Business and Entrepreneurship addressing its concerns with the scandal.

Green Business

5 Best Ways to Winterize Your Business (Video)

While it may seem too early to think about winter, the season of cold and ice will be here in only three months. And, like your employees, your office needs to prepare its own coat, gloves, and boots to stay warm. While the image of your office bundling up may bring a smile to your face, when you winterize your business, you’ll also bring a smile to your accountant’s face.

Marketing Tips

Google AdSense Now Has Responsive Ads That Morph to Screen Sizes

You probably already have a mobile presence for your small business, or are seriously considering it. No matter where you stand, Google AdSense now has responsive ads that adapt to the screen sizes of mobile devices automatically.

Influencer Marketing is Broken – Think Expert Marketing Instead

According to Kevin Knight of Experticity, influencer marketing is broken. Instead, brands should think about expert marketing. “Influencer marketing today is about reach. Expert marketing is about trust,” Knight says. Focusing mostly on reach, i.e., through celebrities and those with huge followings, is where influencer marketing goes wrong.

Flashstock  Becomes Shutterstock Custom, Helps Small Businesses Create Branded Visual Content

Flashstock has been re-branded to Shutterstock Custom, which is fitting, because the new platform was designed to empower businesses to scale high-quality branded content. Using Flashstock’s propriety technology, it transforms the visual identity of a company into a creative brief for new campaigns. Shutterstock (NYSE:SSTK) acquired Flashstock in July of this year for $50 million.

Animoto and HubSpot Partnering to Bolster Small Business Marketing

Small businesses using the online marketing and sales platform HubSpot (NYSE:HUBS) now can use Animoto’s new Marketing Video Builder to create simple videos for internal and external purposes. It’s a move designed to satisfy the ever increasing demand small business has for professional videos that are high quality and easy to build.

Retail Trends

Americans Will Spend $9.1 Billion on Halloween This Year, Is Your Small Business Ready?

Americans are expected to spend about $9.1 billion on Halloween related purchases this year, according to recent research from the National Research Federation and Prosper Insights and Analytics. That means the holiday could offer a major opportunity for your small business to increase sales — if you’re prepared for it.

Airbnb and Resy Team Up So Small Restaurants can Get More Reservations

Airbnb guests can now book tables in 650 curated restaurants across the US in collaboration with Resy, a mobile app for restaurant reservations. For the 650 restaurants, many of which are small businesses, it will mean access to new customers and fewer empty tables.

Sales

Nimble Prospector Helps Sales Teams Build Prospect Relationship Record

Small businesses sales teams can build personal client relationships on an ongoing basis with a new AI based tool from Nimble. Introducing Nimble Prospector Nimble, the social sales and marketing customer relationship management company, has just introduced Nimble Prospector.

Outside Sales Reps Now Spend 89 Percent More Time Selling Remotely Than in 2013

The gap is closing between outside sales reps who once sold in the field by traveling to a customer’s location and those who sit back at the office and contact a client remotely. Outside sales reps who once took those trips now seem to work remotely 89 percent more than they did in 2013.

Small Biz Spotlight

Spotlight: Bavarian Clockworks Markets Cuckoo Clocks with a Personal Touch

Robert Ellis considered a long list of business ideas before starting Bavarian Clockworks, a business that makes cuckoo clocks from the Black Forest region of Germany. Learn more about the business and how it operates in this very specific niche in this week’s Small Business Spotlight. What the Business Does Sells authentic Black Forest cuckoo clocks.

Social Media

Businesses May Soon Get to Tweet Longer Messages — with Testing of #280characters

Just as you’re finally mastering the art of squeezing your business’s message into a 140-character tweet, Twitter (NYSE:TWTR) goes ahead and changes it, sending the Twittersphere into disarray! After much speculation and hesitation, Twitter is currently testing an increase to its renowned 140-character limit.

80 Percent of Small Businesses Use Facebook for Marketing, New Survey Says

About 80 percent of small business owners use Facebook for marketing, according to a recent study. That makes the iconic social media platform the most popular tool for small business marketers in the digital world and beyond.

Technology Trends

Organize and Sign Legally Binding Documents with New PandaDoc App

Full access to the PandaDoc dashboard is now available on your mobile device, whether you use Android or iOS. As a small business owner, this means you can sign legally binding documents securely no matter where you are with the new enhanced mobile app.

Will Your Small Business Go Back to the Future with the Lenovo ThinkPad 25 Laptop?

Are you ready to take your small business back to the future? Lenovo (HKG:0992) is betting a least some customers will with releases of the ThinkPad 25 laptop. Several sources who have published leaked images of the new version of the retro laptop suggest Lenovo will unveil it in October. That will be 25 years since IBM first introduced the ThinkPad in 1992.

Small  Businesses Can Now Schedule Videos from a Smartphone with the YouTube Studio App

The YouTube Creator Studio for mobile is getting an upgrade … and a new name. The mobile app is now called YouTube Studio. The video-sharing company cut part of the name and added some new features creators have been asking for. Small businesses and entrepreneurs that make (or plan to make) YouTube videos will love that you can now schedule posts right from your smartphone.

Image: Skype

This article, "Skype Introduces New Pricing Structure, Slack Unveils Shared Channels" was first published on Small Business Trends