Blog Posts by Adrienne Burke
- Adrienne Burke | Profit Minded – Thu, Jan 9, 2014 4:27 PM ESTIf you’re in the retail business, the holiday spike in mobile shopping likely has you restrategizing your e-commerce—or m-commerce, as mobile-based e-commerce is now known. Yahoo Small Business reported in December that Americans broke mobile shopping records on Thanksgiving, Black Friday, and Cyber Monday, spending $1.1 billion in three days via their smartphones and tablets.Even before the season got underway, a Deloitte survey indicated that 68 percent of smartphone owners planned to use their devices for holiday shopping. And eMarketer forecasted that mobile devices would drive 16 percent of 2013 retail e-commerce sales—more than double the 2011 rate. By 2017, eMarketer predicts, m-commerce sales will nearly triple to $113 billion.But retailers beware: “Those sunny prognostications ignore a giant fly in the ointment,” warns Ralph Dangelmaier, CEO of BlueSnap, a payment processor whose goal is “to convert more shoppers to buyers worldwide” and whose main competitor is PayPal. TheRead More »from Four Ways to Build a Mobile Payment System That Works
- Adrienne Burke | Profit Minded – Wed, Jan 8, 2014 7:30 PM EST
The National Federation of Independent Businesses calls itself “America's leading small business association, promoting and protecting the right of our members to own, operate, and grow their businesses.” It’s the group that took its lawsuit against the Affordable Care Act all the way to the Supreme Court, arguing that the law was unconstitutional and that it would stymie growth among small businesses, and even force some to shut down.
Another small business association, the non-partisan Small Business Majority, filed a Friend of the Court brief in defense of Obamacare. It said the Affordable Care Act would save small businesses money and potentially increase their competitiveness. But that group has already been linked more strongly to liberal causes and the Democratic Party than to small business interests.
Still, it seemed curious that NFIB would go to such lengths making the complete opposite argument on behalf of its members, when most of them would not be impacted by the newRead More »from Are special interests hijacking small businesses’ advocates?
- Adrienne Burke | Profit Minded – Wed, Jan 8, 2014 6:52 PM ESTMaybe it’s the result of being born in Mexico City, raised in New York City, carrying an Irish passport, and living in Berlin, Copenhagen, Eindhoven, London, and San Francisco by age 34, but Adrian Avendano is obsessed with meeting and collaborating with new people.So, as a software engineer and self-proclaimed hacker, he set out to master the science of connecting: What conditions need to exist for like minded people in a crowd or a city to find each other and create something together?With his partner and fellow hacker Ellen Dudley, an Irish biomedical engineer, Avendano developed an iPhone app called PeopleHunt that aims to facilitate useful human introductions. A bit like Meetup, but for enabling spontaneous, one-on-one interactions, the app has spawned numerous business and personal relationships among more than 2,500 users. It has also captured $40,000 in equity-free financing, and sparked interest in the Bay Area investment community, he says.With the slogan "life's a journey;Read More »from An entrepreneur’s app helps you hunt down your next collaborator
Even before he took the oath of office, New York City ’s new Mayor, Bill de Blasio, was raising hackles around town: He runs chronically late. A mock Twitter account set up to track his arrival record at press conferences, @HowlatewasBdB, won more than a few followers before being closed.
But NYC reporters aren’t the only ones annoyed by waiting around for leaders who are tardy to their own meetings: Nearly 60 percent of all business meetings are delayed; more than half of participants admit to being less than punctual; and CEOs, CTOs, and company founders are the worst offenders, according to a recent “State of the Modern Meeting” report.
Blue Jeans Network, a provider of cloud-based video collaboration services, says it produces the semi-annual survey and report about meeting trends “because most professionals claim to spend half of every business day in meetings.” The company says its research demonstrates how technology is reshaping business meetings worldwide.
To be sure,Read More »from Late for Meetings? You’re a Typical Boss
- Adrienne Burke | Profit Minded – Fri, Jan 3, 2014 7:09 PM EST
You’re an independent, would-be inventor with an idea for a new product. You’ve even designed it with computer automated design software or printed out a model on a MakerBot. Next step: Manufacture an industrial grade prototype.
Our recent article about Rainbow Loom inventor Cheong-Choon Ng explains his decision to go to China for an injection mold of his small, plastic handloom toy: U.S. manufacturers quoted him $20,000 just to make the mold. In China he could get the mold and his first batch of products for half that. And half was all that the first-time entrepreneur had to his name.
But, as our story explained, he paid for that decision when his first shipment of 10,000 plastic loom hooks arrived mis-sized. It took him a year to file each one down by hand at home.
Had Ng known about a company called Proto Labs, he might have had an easier time.
Brad Cleveland, CEO of the Maple Plain, Minn., company, says his ideal customer is “anybody who needs a protoype or low volume production andRead More »from How Proto Labs makes manufacturing in the USA possible for more inventors
- Adrienne Burke | Profit Minded – Mon, Dec 23, 2013 6:28 PM ESTFish Flops founder Madison Robinson meets one of her Nordstrom customers
Yahoo editors have selected this article as a favorite of 2013. It first ran on Yahoo Small Business on May 31 and was one of the most popular stories of the year. The article describes how teenager Madison Robinson won big success for her line of colorful flip flops for kids.
She launched her business two years ago, but Houston teenager Madison Robinson has yet to face something most new entrepreneurs do: rejection. Every store buyer she has approached has placed an order for her Fish Flops for Kids shoe brand.
Robinson came up with the idea for her sea-creature-adorned flip-flops with battery-operated lights when she was just 8, living at the beach in Galveston Island, Tex. Her dad Dan, a former banker turned t-shirt designer, helped her turn her drawings into a product and get samples made. More than 30 stores placed orders the first time they exhibited at a trade show, so he hired an overseas manufacturer and started shipping in May 2011.
Launched with “friends and family” financing,Read More »from How a 15-year-old entrepreneur got her product into Nordstrom
- Adrienne Burke | Profit Minded – Thu, Dec 19, 2013 2:33 PM EST
In spite of everything—limited loans, cash-strapped customers, healthcare woes, and a government shutdown—it’s been a half decent year for many small businesses. At least that’s what the Rocket Lawyer Semi-Annual Small Business Survey shows. The online legal services provider surveyed 1,000 of its customers who own U.S. small businesses and found that more than half experienced growth that met or exceeded their expectations in 2013, and 80 percent expect 2014 to be even better.
Business owners aren’t wearing rose-colored glasses, though. Economic recovery is still a top concern: 50 percent say economic uncertainty is the primary impediment to their growth and 30 percent are still significantly worried about overall economic growth and health.
Priorities for the New Year? Business owners surveyed put marketing and brand initiatives ahead of raising funds, developing new products or services, hiring, or international expansion. More than 40 percent say they’re focused on increasing theirRead More »from Survey: Projecting growth, most small businesses optimistic about 2014
- Adrienne Burke | Profit Minded – Mon, Dec 16, 2013 5:06 PM EST
Americans spent $1.1 billion shopping on their mobile devices on Thanksgiving, Black Friday, and Cyber Monday. Purchases made by smartphone and tablet accounted for more than 20 percent of the $5.28 billion in online sales during the three super shopping days, according to an Adobe Digital Index analysis based on nearly 900 million visits to 2,000 retail sites and 3+ billion visits since Thanksgiving.
In total, $7.4 billion in online sales were generated over the five days from Thursday through Monday.
It was a record-setting weekend all around, and especially for mobile device shopping, according to Adobe, which tracks online sales and says its Adobe Marketing Cloud funnels 7 out of 10 dollars spent online with the top 500 U.S. retailers. Total online sales for the 5-day opening weekend of holiday shopping season rocketed up 26 percent from 2012, while mobile sales jumped 80 percent.
“Consumers took full advantage of their mobile devices to shop on Thanksgiving Day and ‘omnishop’ whileRead More »from Thanksgiving weekend shoppers send retailers a message: We’re going mobile
If you’ve ever made a hiring mistake—and who hasn’t?—you know the consequences can be painful. Many of them—including the estimate that a bad fit for even the lowest paid job will cost an employer $25,000—are presented in a National Business Research Institute infographic. And a widely cited statistic attributed to the U.S. Department of Labor, which has long offered employers guidance on good hiring practices, puts the cost of a bad hire at 30 percent of the employee’s potential annual salary.
Of course, the smaller your business, the tougher those costs are to absorb. And those estimates don’t even account for damage to employee morale, community relations, and customer satisfaction.
In a LinkedIn blog post, HootSuite CEO Ryan Holmes recently offered his tips for avoiding making a bad hire. And Zappos CEO Tony Hsieh once revealed to Fast Company that one of his strategies for weeding out misfits and “people who are just there for the paycheck” is to offer a $2,000 bonus to anyone who’dRead More »from 5 ways to attract the right new hires in 2014
- Adrienne Burke | Profit Minded – Tue, Dec 10, 2013 6:20 PM EST
When it comes to using the latest technologies to save money, increase revenues, and increase efficiency, do you know where your business stands in relation to other small operations? Results of a new survey might put things into perspective.
Are you one of only 30 percent who are Facebook holdouts? Are you among the 40 percent who still aren’t realizing at least some annual savings from cloud services? Those figures come from Los Angeles Internet services provider j2Global, which polled more than 1,500 of its small business customers last month in order to extrapolate trends in mobile usage and 2014 business expectations.
To be sure, customers of j2Global, which owns the Ziff Davis and IGN digital media brands, are likely more technologically astute than most. J2’s eFax, eVoice, and Campaigner products are all cloud-based services that let customers complete tasks such as sending a fax without a fax machine, receiving office voicemails via text on a mobile phone, or designing andRead More »from Survey: 2014 tech plans may be surprising. Facebook, Twitter dominate