Here’s our weekly link roundup of small business buzz, musings and muchness. A curation of the best small business talk around the web.
Startups learn a painful lesson: The ‘Dropbox effect’ is a myth “A pervasive myth exists among tech founders: If they build a product that consumers will love, it will magically trickle into Fortune 500 companies… I agree that Dropbox has inspired more enterprise founders to experiment with freemium models or to build intuitive products, but it is not proof that a consumer-focused company can simply chance focus to enterprise without having to reengineer its technology from the ground up.” (VentureBeat)
Crowdfunding for Startups: An Incumbent’s Market “Crowdfunding for accredited investors is on the horizon. Implementation of Title II of the JOBS Act, which lifts the ban on general solicitation and advertising of security offerings, will kickstart this new funding mechanism, allowing companies to efficiently solicit and raise capital from a large (or small) number of accredited investors online… the real democratization of capital, Q4 2013 is starting to look optimistic.” (The Crowd Cafe)
Five things the election results mean for small businesses and entrepreneurs “President Obama [won] reelection, defeating Mitt Romney thanks largely to battleground victories. The win buys him another four years at the helm of the economic recovery, where he will continue to contend with a sharply divided Congress. During the campaign, Obama repeatedly vowed to tailor his second-term policies to the needs of small business owners and entrepreneurs, promising to improve their access to capital, limit their tax burden and alleviate their regulatory headaches in order to encourage job creation and business expansion.” (The Washington Post)
Five Customer Retention Tips for Entrepreneurs “When it comes to growing their startups, many entrepreneurs are so focused on gaining new clients and customers that they fail to effectively address the need to retain those they already have. This is counterproductive considering that it’s far easier to sell to existing customers than to brand new prospects. (Forbes)
Avert the Fiscal Cliff, Small Business Advocates Say “Post-election statements from small business advocacy groups across the ideological spectrum have been streaming in. In addition to pleas about such pet issues as federal contracting reform and continued government investment in clean energy, all are appealing to Washington to avert the fiscal cliff—the $607 billion in tax increases and spending cuts set to start in 2013—and do so quickly…” (Bloomberg Businessweek)