Posts tagged American Express OPEN Forum

7 Financial Numbers That Can Predict Your Business’s Success (Or Failure)

  1. Cash flow
  2. Net income
  3. Profit and loss
  4. Sales
  5. Price point
  6. Gross margin
  7. Total inventory

To learn how those numbers can help your business’s growth, visit OPEN Forum.

"Three economists went on a road trip…"

What sounds like the beginning of a joke, is actually the premise of ROADSIDE MBA: Backroad Lessons for Entrepreneurs, Executives and Small Business OwnersIn it Michael Mazzeo, Paul Oyer and Scott Schaefer, former colleagues from Northwestern’s Kellogg School of Management, went all around the country to find out what small businesses on Main Street could teach big businesses on Wall Street.

For 12 of the lessons they found on their travels, visit OPEN Forum.

"Brilliant jerks. Some companies tolerate them. For us, cost to effective team work is too high." — Netflix CEO Reed Hastings
Small-business expert Bruna Martinuzzi shares the best ways to handle the brilliant jerks in your company.

"Brilliant jerks. Some companies tolerate them. For us, cost to effective team work is too high." — Netflix CEO Reed Hastings

Small-business expert Bruna Martinuzzi shares the best ways to handle the brilliant jerks in your company.

10 Untraditional Ways to Raise Cash Fast
There are any number of reasons why a business owner may find themselves strapped for cash, but there are just as many ways to find the funds necessary to keep you going:
Business cash advances
Deferred card payments
Loans from online loan sites
Crowdfunding
Microloans
Factor invoices
Credit from vendors
Sales and annual discounts
Home equity loans
ROBS programs on your 401(k)
Small Business Trend’s Anita Campbell explains the pros and cons of these fundraising options on OPEN Forum.

10 Untraditional Ways to Raise Cash Fast

There are any number of reasons why a business owner may find themselves strapped for cash, but there are just as many ways to find the funds necessary to keep you going:

  1. Business cash advances
  2. Deferred card payments
  3. Loans from online loan sites
  4. Crowdfunding
  5. Microloans
  6. Factor invoices
  7. Credit from vendors
  8. Sales and annual discounts
  9. Home equity loans
  10. ROBS programs on your 401(k)

Small Business Trend’s Anita Campbell explains the pros and cons of these fundraising options on OPEN Forum.

Turing outlandish ideas (Record stores where people actually want to buy music! Commercial space travel!) into great businesses is what Virgin Founder and the “original disruptor” Sir Richard Branson is all about. But being a great entrepreneur also means knowing when to stomp the brakes on an idea that’s not yet meant to flourish, he says:

You’ve had plenty of “disruptive” ideas over the years. Some, of course, haven’t panned out—Virgin Cola being one of the more notable examples. As an entrepreneur, when is the time to pull the plug on an idea that isn’t working?
Slightly sooner than I’ve done in the past. [Laughs.] It can be quite expensive to pull a struggling company up with one of your other companies and cling on too long. So once the writing is looking like it’s on the wall—it’s beginning to cost you money—it’s better to really cut your losses and use that money to start something new.

For more business advice from Virgin’s Richard Branson, visit OPEN Forum.

Turing outlandish ideas (Record stores where people actually want to buy music! Commercial space travel!) into great businesses is what Virgin Founder and the “original disruptor” Sir Richard Branson is all about. But being a great entrepreneur also means knowing when to stomp the brakes on an idea that’s not yet meant to flourish, he says:

You’ve had plenty of “disruptive” ideas over the years. Some, of course, haven’t panned out—Virgin Cola being one of the more notable examples. As an entrepreneur, when is the time to pull the plug on an idea that isn’t working?

Slightly sooner than I’ve done in the past. [Laughs.] It can be quite expensive to pull a struggling company up with one of your other companies and cling on too long. So once the writing is looking like it’s on the wall—it’s beginning to cost you money—it’s better to really cut your losses and use that money to start something new.

For more business advice from Virgin’s Richard Branson, visit OPEN Forum.

7 Things You Should Probably Know About Your Competition

  1. Their revenue and threat level to your company
  2. Who their top salesperson is
  3. Their best customers
  4. What new products and services they’re offering
  5. How satisfied customers are with their offerings
  6. The latest in their company and industry news
  7. Top keywords people search to find them

Small-business expert Mike Michalowicz tells open what savvy business owners should do with that information.

101 Ways to Reward Employees (Without Giving Them Cash) by OPEN ForumWhen it comes to rewarding your employees, cash is king—but only for a few hours. Money is not a long-term motivator. Finding ways to engage with them rather than pay them off will result in more loyal, harder working employees.
1. Flexible Hours
2. A Thank You Note
3. Pizza Party
4. Commute on Me
5. The Boss’s Office
6. Primo Parking
7. Flip Flop Day
8. Day Off Pass
9. A New Chair
10. Bring the Pooch
Read more on OPEN Forum for all 101 ways to say, “I appreciate you and all your hard work,” without breaking your budget.
(via 101 Ways to Reward Employees (Without Giving Them Cash) - OPEN Forum :: American Express OPEN Forum)

101 Ways to Reward Employees (Without Giving Them Cash) by OPEN Forum

When it comes to rewarding your employees, cash is king—but only for a few hours. Money is not a long-term motivator. Finding ways to engage with them rather than pay them off will result in more loyal, harder working employees.

1. Flexible Hours

2. A Thank You Note

3. Pizza Party

4. Commute on Me

5. The Boss’s Office

6. Primo Parking

7. Flip Flop Day

8. Day Off Pass

9. A New Chair

10. Bring the Pooch

Read more on OPEN Forum for all 101 ways to say, “I appreciate you and all your hard work,” without breaking your budget.

(via 101 Ways to Reward Employees (Without Giving Them Cash) - OPEN Forum :: American Express OPEN Forum)

Personal productivity is a key differentiator between those who succeed in their chosen field and those who do not”
— Brian Tracy
(Via OPEN Forum)
12 Productivity Tips from Incredibly Busy People by OPEN Forum1. Have a single purpose focus2. Ruthlessly block out distractions3. Set a strict time limit on meetings4. Set up productivity rituals5. Get up earlier6. Group your interruptions7. Outsource personal chores8. Set up email rules to maintain sanity9. Capture all creative ideas10. Increase your effectiveness through technology11. Don’t lost it: Read it later12. Learn from others
(via 12 Productivity Tips From Incredibly Busy People - OPEN Forum :: American Express OPEN Forum)

12 Productivity Tips from Incredibly Busy People by OPEN Forum

1. Have a single purpose focus
2. Ruthlessly block out distractions
3. Set a strict time limit on meetings
4. Set up productivity rituals
5. Get up earlier
6. Group your interruptions
7. Outsource personal chores
8. Set up email rules to maintain sanity
9. Capture all creative ideas
10. Increase your effectiveness through technology
11. Don’t lost it: Read it later
12. Learn from others

(via 12 Productivity Tips From Incredibly Busy People - OPEN Forum :: American Express OPEN Forum)

8 Steps to Mastering Time Management by OPEN Forum1. Start the night before2. Move out smartly3. Plan for the unexpected4. Watch for time robbers5. Take a break6. Know when to end your day7. Work on the clouds vs. weeds8. Assess your systemRead more on these eight steps that you can take today that will open more time tomorrow to achieve your goals.
(via 8 Steps to Mastering Time Management - OPEN Forum :: American Express OPEN Forum)

8 Steps to Mastering Time Management by OPEN Forum

1. Start the night before
2. Move out smartly
3. Plan for the unexpected
4. Watch for time robbers
5. Take a break
6. Know when to end your day
7. Work on the clouds vs. weeds
8. Assess your system

Read more on these eight steps that you can take today that will open more time tomorrow to achieve your goals.


(via 8 Steps to Mastering Time Management - OPEN Forum :: American Express OPEN Forum)