Updated: 1-12-2007; 1:00:36.
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maandag 26 november 2007

Are we in a small business recession?.

I conducted a pair of “in the field” Duct Tape Marketing podcasts this week with two small business experts digging into the current state of small business.

Rieva Lesonsky is the editor of Entrepreneur magazine and past guest on the show and Jim Blasingame is the small business advocate and creator of the web site AskJim.biz

Some folks have hinted that there is a small business recession in the works. My guests suggest ways to stay ahead of it.

Related Story:
Measuring the Economic Confidence of Small Business Owners The Discover Small Business Watch is a monthly index of the economic confidence of the nation’s 22 million businesses with five or fewer employees.

Key Takeaways from the October Discover Small Business Watch:

Economic confidence among small business owners continued to fall in October as many expressed increased pessimism about both the future of their own businesses and the U.S. economy in general. At 96.8, the Watch dropped more than two points from 99.2 in September and has been on a downward trend since July when it was 107.3.

This episode of the Duct Tape Marketing podcast is brought to you by att.com/onwardsmallbiz. Resources for the small business owner.


11:00:12 PM    
Duct Tape Marketing Blog

Highlights from the SEW Blog: November 19-21, 2007. Featured posts to the Search Engine Watch blog in the past week, along with recent search-related headlines from around the Web.
6:00:01 PM    
Search Engine Watch

Books as naked conversations.

Perhaps you’ve already heard about Amazon’s new ereader device called the Kindle

Given the amount of press, both good and bad, it has received, including about 3,000 words in Newsweek, I suspect maybe you’ve heard something about it.

On the surface it’s a way to store and read books, much like Sony’s Reader launched over a year ago. It uses a patented E-Ink technology that makes reading on the screen seem much like reading a book. Much of the talk about this product centers on the long running debate about whether people will ever give up books or magazines in favor of electronic devices.

I think that debate will rage for years, but the point that I haven’t hear enough discussion on is whether this type of device will actually impact the way books are created, much like blogs changed the way web sites were created.

The major difference between the Kindle and every other device that allows you to read books is that the Kindle is connected wirelessly to the web on a network that’s independent of hot spots.

Now, let’s say you overhear some folks discussing a book during your commute home. A few clicks later the book is on your Kindle, for around $10 bucks, and you’re reading as you’re riding the train. That should do well with our “instant gratification isn’t fast enough” culture.

Here’s where I think it gets interesting. For a small fee, a Kindle user can now go online and read daily newspapers, blogs and magazines. Much of this content is available already, some for free, but a Kindle user can take it all with them and read, much like the printed versions, asynchronously. (Yes, you can get the Duct Tape Marketing Blog Kindle edition)

But, here’s where I think it really get interesting. I believe we may see a shift in the way books are actually created, particularly non-fiction books. If I, as a marketing coach, wanted to add updates and lessons to a book about marketing, I could easily do this through an electronic device that’s always on. Authors could very easily enter into public conversations about their work and how to apply it much like we do now with our blogs and the readers of those blogs.

Think about the value that could be added to a book. In fact, if publishers don’t think about this as the next frontier of how books will stand out and be measured, look out. Eventually, right or wrong, everything ever written will be available like this, the secret will be finding ways to enhance the experience with interaction and with conversations that are open, transparent and relevant. (Sound familiar?)


4:00:08 PM    
Duct Tape Marketing Blog

Rosy Monday is Strategic Planning Day.

I’m not really sure why the term Black Friday caught on in the retail world, but I do know that it’s an important day for retailers to gauge what the holiday, and to some degree year, is going be like.

For years I’ve marked the weekend following Thanksgiving with my own holiday I call Rosy Monday. Rosy Monday is the day that I typically take a good long look at what I’ve accomplished for the year, relative to my goals, and a first pass at my vision for the next three to five years. It’s my forecasting day.

Whether you choose to pick this same day or not, I believe it’s absolutely crucial for small business owners to step back at least one day out of the year and, with total focus, chart their course, correct their course, or create a much grander course with a true rosy sense of “what’s possible.” In big companies they call this strategic planning, but I’m talking about doing something that will energize you and your staff - call it what you like, just do it.

My feeling is that if you never access some quiet time and lock yourself away for a day with this kind of focus you will always be slave to the whims of the squeaky wheel. Every small business I’ve ever come across has lots of maddening, noisy wheels.

Shut out all of the noise for just one day, give yourself that gift, and come out swinging with a crystal clear picture of where your business is headed, what action steps are required and what’s got to change in order to make the picture real.

So, what’s your version of the Rosy Monday?


1:00:11 AM    
Duct Tape Marketing Blog

© Copyright 2007 Carl Manz . Click here to send an email to the editor of this weblog.

 

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