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Aug30
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Every business goes through ups and downs. Pro sports are no different. Yes, professional sports is business...all business, as a matter of fact. And recently, pro sports has been weathering some scandals that have threatened to hit team owners right where it hurts: Their pocketbooks. In just the past few months we've heard about the Barry Bonds steroid rumors, the Michael Vick dog fighting plea deal, the NBA referee betting scandal...all of these stories hurt the individual sports brands, just like a product recall would hurt the image of a manufacturer. The latest allegations to surface in the pro sports world is in, of all places, pro tennis. Here's what's breaking today: Match-fixing, some of which is linked to internet gambling, is not uncommon in pro tennis, according to a damaging report in L'Equipe on Thursday. Two elite players made the claims, under anonymity, in an interview with the French sports daily claiming they have witnessed matches being "thrown" and that they had personally been offered bribes. The allegations come in the wake of the controversy surrounding Russia's Nikolay Davydenko, who is the subject of an ATP enquiry.
Davydenko recenty pulled out a match injured on the same day that large sums of money had been bet on his defeat to Argentina's Martin Vassallo Arguello. Betfair, an internet gambling website, refused to pay out on Davydenko's defeat. Seven million dollars in wagers, 10 times more than normal for such a match, swung to Arguello even after Davydenko won the first set. The lesson here for your new business? Keep it clean. Demand that your employees keep it clean. And never give into the temptation to cut corners, or associate with people who do. Each of these incidents hurts the "business" and the individual "brands" that the offenders are associated with. Don't let that happen to you.
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Aug30
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The news is hitting the business world with excitement. Here's a segment of the coverage from Bloomberg.com:"Surging exports and business spending propelled U.S. growth to the fastest pace in more than a year before turmoil in the credit markets forced...
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The biggest struggle for small business owners starting a new business? Time. Or, the lack thereof.Business author Michael Masterson has some good ideas on how to keep more of your time to yourself, and it involves choosing when to say...
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No, that's not what it would really look like...However, news is leaking today that Volkswagen (OTC:VLKAY) and Apple (NASDAQ:AAPL)are considering the development of the "iCar" (why settle for phones when you could manufacture and sell whole cars!)Here's a sample of what's...
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Aug29
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If you can sell stock in your company to finance its growth, some financial advisors would urge you to do so. If you are creditworthy, bankers will tell you to borrow what you need. Using other people's money (OPM) -...
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A lot of people who start their own business need to put up an Internet website. Sometimes they give it the attention that kind of project deserves, sometimes they don't.The biggest mistake entrepreneurs make is assuming that just "putting up"...
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Aug28
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Seth Godin talks about a recent trip to Home Depot, and why a "non-working" saw became the subject of a recent blog post. It's an important business lesson...here's a snipet from this insightful article:It turns out (at this Home Depot,...
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Forbes had a great quote by Peter Drucker that should get you thinking about your sales (or sales management) career, and whether or not you are on the right track:"Leaders communicate in the sense that people around them know what...
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In some types of businesses, having a business card is vital. In others, its not necessary.Take a look at your business card. Is it impressive? Does it tell the right story?A lot of experts feel that they're usually unnecessary. "At...
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Aug27
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I ran across a great list of five "to dos" (or maybe "not to dos") when it comes to hiring employees for your business...especially when those employees happen to be friends or family.See if you agree with these five tips,...
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Aug23
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If you're a fan of Stephen Colbert and "The Colbert Report", you were on the edge of your seat Wednesday night awaiting the much anticipated interview with Virgin America CEO Richard Branson.News was leaked a week ago about a confrontation...
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Business cards, like Seth Godin says, are almost "quaint" these days. I agree. (I'd also add fax machines to that short list, but that's a post for another day...)Seth's point should be adhered to, especially if you're a new business...
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Aug22
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Kimberlee chimes in on my recent post about Michael Vick, his plea bargain, and how I think he will come out of all of it more popular than ever once his sentence has been served:"Dan, I agree. Our society does...
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Aug21
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Michael Vick is pleading guilty to dog fighting charges. It will mean that the NFL's premier player (at least the one that they market the most heavily) will spend one to two years behind bars instead of behind his linemen...
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For those of you who are in some sort of service business, there's no "good" time for self-promotion. So if you're waiting for a "slow period," you can stop. By the time you're less busy, it will be too late. Self-promotion...
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Hurricane Dean barrels towards Mexico after battering the eastern Caribbean.Whenever there is a hurricane that reaches a Category 5 like Dean, the news tends to focus on the weather, the flooding, and the general destruction. What gets left out, much...
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Aug20
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Business author Michael Masterson is an expert on building businesses. He has some great thoughts in a recent article on the subject of making sure your new business idea is going to work, and when to test that idea.He explains: ...
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Aug17
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Thinking of starting a business venture involved in science? Make sure you're not thinking of opening shop in one of these categories of what Popular Mechanics calls "the ten worst jobs in science".Here they are...10. Whale-feces researcher9. Forensic entomologist ("solving...
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Author and business consultant David Cross understands the stress that a new business can bring to an entrepreneur. Here are his thoughts on how to reduce that stress, and make your business a success:"Business owners and entrepreneurs often feel overwhelmed...
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Starting a new business? Sometimes you have to stretch your dollars and pinch your pennies as you begin, since money can be tight as you start your new venture.So, here are some tips from Smart Money magazine on when to...
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Looking to hire an employee for your new business?YouTube can help you sell your products and services, of course. Here's another way to benefit from the fourth-most-heavily-trafficked site on the Web: Use it to search for new employees. Sean "P....
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Aug16
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If you're an entreprenuer, you need to be prepared to rise above your fears of running your own business. Its crucial if you want to be successful. You have to get far enough above your doubts to keep working, or you're...
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I think most people would agree that now is not the time to be thinking about starting a mortgage brokerage. Countrywide Home Loans (NYSE: CFC)made headlines Thursday by announcing that they had secured a $11,300,000,000 line of credit (wow! that's...
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Aug15
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The marketing for this event claims that you can go there without a solid business idea, and come away with one that will be great. Or, it will take your existing business idea and build on it.It's from Early to...
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Aug14
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"The distance is nothing; it is only the first step that is difficult."Marie de Vichy-Chamrond, the Marquise du Deffand (1697 - 1780)French woman of lettersI got that quote in my e-mail Inbox a few days ago from justsell.com, a great...
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The news today that another huge batch of toys manufactured in China needs to be recalled due to lead paint levels is raising a lot of concern here in the U.S. Especially for Mattel, Inc. (NYSE: MAT)But before your heard...
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If you're building your new business empire brick by brick, slowly over time, you can look to one of the all-time business greats for inspiration.According to the Carnegie Foundation, Andrew Carnegie began his career as a bobbin boy in a...
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Aug13
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The big news in big banking today is the Deutsch Bank (NYSE: DB) has hired Alan Greenspan, former chairman of the U.S. Federal Reserve, as an advisor. The complete story is right here.My point in mentioning this is that even...
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So much of today's business explosion is happening in China, so it comes as no surprise that one of the most creative entrepreneurial efforts I've ever heard off is taking off in China. Some entrepreneurs are taking advantage of two economic facts, according...
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Aug12
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I just talked about Coca-Cola and their long history of changing their product slogan over at LandingTheDeal. I was amazed that they had changed it so often, for so long (dating back to the 1800's!)All of this comes on the...
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Aug10
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Not a literal "tornado", necessarily. But what if a major problem or crisis hit your business? What if there were an emergency that required you to talk quickly and directly with your customers and employees?That's the question that Seth Godin...
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Remember the "outsourcing" trend that was popularized in business back in the late 1990's and earlier this decade because of the huge savings for corporations?Well, according to Fortune magazine, there's a reverse trend that's developing: Insourcing. Here are the details..."Outsourcing...
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Stewart Butterfield, the co-founder of photo sharing website giant Flickr talks about what he see's as the key to business success:"One of the biggest lessons I've learned is that there has got to be a reason for what you're doing....
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The summer before I went to college, I worked at Wendy's. I did the drive through window, prepared food, cleaned unspeakable messes made in the restrooms, and 329 other tasks that I hope I never have to repeat.But looking back,...
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Business is not for the weak of heart. And, it requires a business owner to approach problems in a creative way.Business expert Robert Ringer has some great thoughts on creativity and it's role in sales, marketing and business:One of the...
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Aflac is stepping up their promotion and advertising for their supplemental insurance coverage for small businesses.Aflac started as a service for large corporations and medium sized companies that allowed their employees to sign-up for supplemental insurance benefits through payroll deduction. ...
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Aug 7
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Business guru Robert Ringer has a great piece on learning some lessons from Saddam Hussein and Muammar Qaddafi (of all people) that can help you avoid mistakes that could kill your business dreams.It's an interesting take...I like it because it...
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A friend and I were talking over the phone the other day, and the subject of programming work for websites came up.I usually dread finding a programmer to do any work for me. First, the work usually takes forever. Second,...
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Aug 1
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I think George Parker, who has great posts over at AdHurl, posts about my reaction to Rupert Murdoch buying the Wall Street Journal.I think he doesn't agree with me; alas, his comment below focuses more on the political slant I...
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You know you're on a roll when you can get the hippies to agree with your take on the news that Rupert Murdoch has purchased the Wall Street Journal!From Jennifer at OfficeStuffer (our website here at KMM about office accessories,...
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In the interest of full disclosure, let do something that the mainstream media is reluctant to do, which is to offer up my political leanings: I'm a conservative Republican.I felt the need to do that in light of the ridiculous...
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