We understand running your online business may take 40, 50 or 60 hours per week — after which some. To save your valuable time, the Small Business Trends editorial team has gathered this recap of key stories to not miss this week.
Acquisitions & Startups That Help Small Business
DocStoc acquires BestVendor . Docstoc’s acquisition of BestVendor this week for an undisclosed sum adds software recommendations to the opposite online business resources the corporate already offers. Take a look at the total range of services now available.
Tawki can change your method of video . A startup plans to take a one-click way to production. Tawki will create simple video from a single keyword. You can also customize with added clips, photos, music and voice-overs.
The recent York Times was hacked . Or rather, the domain name was hacked and pointed to a hacker’s servers. One of the world’s most renowned brands was brought down with a crafty phishing ploy. To safeguard your online business website, read these 2 how one can be certain that your employees avoid similar mistakes.
Taxes & Revenue
Uncle Sam thinks you’re holding out . The IRS was sending notices to small businesses. The fear is over those reporting higher than average mastercard sales. But wait! They’re reporting HIGHER sales — what’s wrong with that? You’d think the IRS will be ecstatic. Well, the federal government suspects small businesses of under-reporting cash. But we talk about an alternative explanation.
Collection of businesses up – but revenue is down . Professor of Entrepreneurial Studies at Case Western Reserve University Scott Shane shares numbers suggesting the profitability of yankee businesses is down. We’ve got the main points.
Patch website closures raise questions on online business model . Whether you’re making a hyperlocal news site or a distinct segment community, the problem is a similar. Bringing in revenue is what’s going to keep your corporation going. The question is whether or not internet advertising or any other means is better.
Tools & Services
iWork is operating in beta . No less than for some people. Some are panning this as “too little too late” from Apple and a pale imitation of Google Drive and Microsoft’s SkyDrive storage services. But Apple is reported to be limiting the beta use by using overwhelming response.
Gather data to your business – there’s an app for that ! Whether it’s information on a competitor or on how stores are displaying your product, there’s a now an app for gathering all these things. Field Agent allows you to pay ordinary people to assemble your enterprise intelligence at an extraordinarily low cost.
Shutterstock and Facebook team up . The recent arrangement allows advertisers on Facebook to apply professional licensed photos from Shutterstock of their ads at no extra charge. Even better, you’re able to source them from directly within the Facebook ad panel. Better of involved in small business owners who wish to see other entrepreneurs treated fairly, Shutterstock points out that the person photographers gets paid a royalty when their images are used. Yep, even though you get the picture for “free,” you’re supporting the photographer.
Have you considered a TV to your business ? Or maybe you have already got television(s) on your workplace. Television is not only an expense. In many businesses (restaurants, bars, fitness centers) it may actually drive sales up, by attracting customers, and keeping them longer and purchasing more. Oh, and provided that it’s strictly for business purposes, the monthly cable service likely qualifies as a tax deduction, says tax expert Barbara Weltman. You might be able to expense or depreciate the price of the hardware, too. We’ve got the low-down.
Management & Strategy
0 Wanted: workers with skills 0 . a up to date survey says one problem still dwarfs all others for small business owners with regards to hiring and managing employees. And it isn’t how much time they’re spending on Facebook. Rieva Lesonsky explains what could be a surprising statistic.
1 Indian etailer specializes in a spot 1 . To work out success in India’s burgeoning eCommerce market, startup Kobster took an easy approach. Pick one niche market with definite growth potential, accordingly office supplies. Sramana Mitra, founding father of A million by 1000000, has more.
Mobile & Social Media
2 Competitively priced iPhone coming 2 . Apple is planning a September 10 announcement. And industry sources indicate it may include news of a brand new cheaper model of the long-lasting smartphone. Photos which will show the recent device at the moment are online.
3 Take your hotspot with you 3 . Staying connected together with your business when traveling is mostly a trick. But not more with mobile hotspot Globalgig. TJ McCue has a review of the device for everybody.
4 Your Facebook post has a 5 hour shelf-life 4 . Wisemetrics research says Facebook posts receive nearly all of comments, shares, and likes within that first five hours. But there’s lots more data about timing — and the way to post your updates on the optimal time, to get the foremost engagement.
5 Mobile woman 5 photo, Shutterstock