February 8, 2013
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Stories from the Street
Behind the scenes of "Bar Rescue" reality show
New Orleans bar co-owner Brad Bohannan has mixed reviews of his experience with the Spike TV show "Bar Rescue," which overhauled his French Quarter bar in October for an episode that will air this season. The show turned Turtle Bay into Spirits on Bourbon, giving the business a new image. Bohannan said he was happy with the work, even though he thinks the show overstated his struggles and sales haven't picked up much since the overhaul. "It was an opportunity for me to get a ton of advertising," Bohannan said. The Times-Picayune (New Orleans) (2/7)
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Caring for Customers
App allows businesses to manage Foursquare via mobile
Foursquare has released a new, free mobile application that allows business users to monitor recent activity and post updates while on the go. The app is called Foursquare for Business. "[T]he ability to manage your Foursquare account from a mobile app when the consumer experience on Foursquare mainly takes place in a mobile app may be beneficial for businesses," writes Annie Pilon. Small Business Trends (2/6)
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Keeping Shop
Checklist for running a small business effectively
To sharpen your time-management skills as a small-business owner, harness the power of technology to share files when you're on the run, outsource for jobs such as bookkeeping or IT, and make it a habit to check email only three times a day, says designer Robin Wilson, president and CEO of Robin Wilson Home. Among her other top 10 tips for small-business leaders: Schedule short breaks between meetings, secure office supplies to cut costs, and check cash flow daily. SmallBizTechnology.com (2/6)
Managing the Money
Do you need to hire a financial expert?
If your customers aren't paying their bills, your company is seeking funding or you have too many other responsibilities to manage the money yourself, you may want to hire someone to take care of your company's finances. Intuit Small Business Blog (2/6)
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How to stop crooks from stealing your company's tax identity
Businesses and individuals can be victims of identity theft. Crooks can use your company's tax information to open credit card accounts and rack up large purchases, potentially ruining your credit in the process. Protect your business by shredding sensitive documents, setting policies for handling important information and watching out for fake e-mails claiming to be from the IRS. FindLaw/Free Enterprise blog (2/7)
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Tips & Tools
How to clean up your Gmail inbox
You can organize your Gmail account by using labels to filter your e-mails, storing important attachments on cloud-based services and preparing canned responses for certain messages, writes Dave Johnson. CBS MoneyWatch (2/6)
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What it takes to get a bank loan
Maximize your chances at securing a bank loan by putting together a detailed application that explains why you need the money and explains your company's business model and financial situation, writes Dale Johnson. He provides a detailed guide to the information you need to present. Loans most likely to be funded are those that enhance a business's assets, Johnson writes. SCORE Small Business Success Blog (2/7)
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News You Can Use
Surveys offer mixed views of payroll tax's effect on spending
A Redbook Research study finds that the end of the payroll-tax break has led consumers to cut back on spending. Meanwhile, a Thomson Reuters report shows stronger sales growth in January compared with last year. The Wall Street Journal (2/7)
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SmartQuote
When you start off as a small company, you get used to doing it all by yourself and you could lose track of when it has gotten beyond you."
-- Loren Carlson, chairman of the CEO Roundtable, as quoted by the Intuit Small Business Blog
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