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November 9, 2012
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Bold Ventures 
 
  • Startup advances social causes by selling T-shirts
    Wesley Parsell and Skyler Rogers got $20,000 in funding for their startup, NiceShirt.org, through a business plan competition. The company, which expects to bring in about $350,000 in revenue this year, sells T-shirts and donates some of the profits to nonprofit groups that are trying to make a difference. "While I had been working with people for custom apparel orders for years, Skyler quickly realized that a deeper purpose was missing from the work," Parsell said. "By combining a passion for service and a product we could sell, the social component was a natural fit." YoungEntrepreneur.com (11/6) LinkedInFacebookTwitterGoogle+Email this Story
Why Platform Matters When Choosing an ERP System
In order to survive, grow, and compete in the digital age, organizations need an ERP that is highly flexible and able to adapt. So, what are the tough platform questions you should ask yourself when shopping for an ERP?
Download the report to find out!
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Leading the Pack 
 
  • Why "pure" democracy is a lousy way to run a company
    There's nothing wrong with injecting a little democracy into your company's management structure, but don't take things too far, warns Steve Tobak. In the modern business climate, there's just no way to run a big firm on a one-person-one-vote basis. "Global markets are competitive, and the qualities, capabilities and information needed to make smart decisions are not equally distributed among the people," Tobak writes. CBS MoneyWatch (11/6) LinkedInFacebookTwitterGoogle+Email this Story
Get with the flow. How payment processing affects cash flow.
Cash flow is the lubricant of business. Without a healthy cash flow, business dries up. It stops. It can't function. Which is why it is vital to keep the revenues coming in as the expenses go out. But there's one aspect of cash flow that many of us are not aware of. It is how managing credit cards and other such non-cash payments affect cash flow. Turns out it has a huge affect. Download the free guide today.
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Finance & Growth 
  • The struggle over startup visas
    Tech companies such as Google and Microsoft are supporting the Startup Act 2.0, which would provide visas for immigrant entrepreneurs who satisfy certain conditions, but the act so far has failed to gain traction in Congress. Groups such as the Center for Immigration Studies, which advocates for lower levels of immigration, have come out against the legislation, and labor groups may also stand in the way of its passage. CNET (11/8) LinkedInFacebookTwitterGoogle+Email this Story
  • 7 ways to impress startup competition judges
    Your company will have a better chance of winning startup competitions if you understand your customers, hire talented individuals and provide a clear picture of your business plan, according to Deborah Magid of IBM's Venture Capital Group. "When you describe your business, a common mistake is to spend too much time on the problem space and not enough time saying what you actually do," Magid said. Intuit Small Business Blog (11/6) LinkedInFacebookTwitterGoogle+Email this Story
The Whole Entrepreneur 
  • Secrets of successful entrepreneurs
    Creating a backup plan can relieve some of the tension you might feel as you run your business, which is precisely why many successful entrepreneurs don't do it, Jeff Haden writes. "You'll work a lot harder and a lot longer if your primary plan simply has to work because there is no other option," he writes. The best businesspeople are willing to work long hours and set lofty goals, he writes. Inc. online/Owners' Manual blog (free registration) (11/7) LinkedInFacebookTwitterGoogle+Email this Story
Ideas for Innovators 
  • How businesses can boost their commitment to innovation
    Technology can provide significant opportunities for innovation, but one study found company leadership can sometimes create a culture that stands in the way of pursuing new ideas. It's important for companies that want to spur innovation to recognize the value of their IT departments, work with their customers and create organizational structures that support new ideas, according to the study. Forbes (11/6) LinkedInFacebookTwitterGoogle+Email this Story
Fortune from Failure 
  • Why you shouldn't believe in the "Dropbox effect"
    Many firms have bought into the "Dropbox effect" -- the idea that a consumer-focused company can easily pivot to offer services for enterprise clients -- but this just isn't true, Christina Farr writes. "[A]n enterprise startup needs a sales and support infrastructure to handle requests, and the product must be significantly more scalable and secure than a consumer product," she writes. Dropbox, the company for which the effect is named, has had its share of problems in the form of security breaches, she notes. VentureBeat (11/6) LinkedInFacebookTwitterGoogle+Email this Story
  • Avoid making excuses and learn from your failures
    You shouldn't set out to fail, but you should concentrate on learning from situations that don't go your way, S. Anthony Iannarino writes. "[I]f you make excuses why the failure wasn't your fault, you eliminate the possibility of learning from that mistake," he notes. TheSalesBlog.com (11/4) LinkedInFacebookTwitterGoogle+Email this Story
SmartQuote 
You'll work a lot harder and a lot longer if your primary plan simply has to work because there is no other option."
--Jeff Haden, writing at Inc. online's Owners' Manual blog
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