Posts tagged 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.

Want to standout this holiday season?  Try one of these offbeat gifts for under $25. Via OPENForum.com

5 Ways To Boost Online Sales On Small Business Saturday

Don’t wait for Cyber Monday… Start building your online sales earlier with these tips from OPEN Forum:

  1. Email your deals to your customers
  2. Give the VIP treatment online.
  3. Use urgency and scarcity tactics.
  4. Add killer images to your site.
  5. Put things “above the fold” on your website.

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This Saturday, Nov.30th, is Small Business Saturday. Think it’s too late to participate?  Think again! OPEN Forum has 11 Last-Minute Tips for Making the Most of It.

unionmetrics:

This infographic from American Express Open Business acknowledges the fears and anxieties many small business owners experience when they think about tackling social media— then presents tips and strategies to overcome them. 
Check out the full infographic at the link below, or by clicking through on the image section.  
Social Media Fears, Tips, and Strategies for Small Businesses | Soshable 

unionmetrics:

This infographic from American Express Open Business acknowledges the fears and anxieties many small business owners experience when they think about tackling social media— then presents tips and strategies to overcome them. 

Check out the full infographic at the link below, or by clicking through on the image section.  

Social Media Fears, Tips, and Strategies for Small Businesses | Soshable