Weekend Reading: Here’s our weekly link roundup of small business buzz, musings and muchness. A curation of the best small business talk around the web.
Many small business owners and entrepreneurs have no trouble focusing on how to build a product or on how to reach out to their consumers. However, many don’t know how to take their business to that next level. Small business owners need to actively monitor metrics to ensure processes are running smoothly and efficiently. Here are five, key inventory metrics small business owners need to be aware of in this competitive market. (Wasp Barcode)
IT was supposed to be a harmless and innocent email to a colleague. Instead it landed Virgin boss Sir Richard Branson in hot water with his own tech department. In an email to Virgin Atlantic’s CEO Craig Kreeger, Sir Richard used the word “bollocks”. But he received a bounce-back from his IT department informing him that his email couldn’t be delivered. The reason? (The Daily Telegraph)
The dirtiest word in Silicon Valley is bureaucracy. Tech executives want to move quickly — a Facebook company motto is “move fast and break things” — and layers of bureaucracy, such as human resources departments, are seen as the enemy of speed and efficiency. But there is a reason that big, successful companies have layers of bureaucracy — even if they do slow things down. And tech companies are learning that the hard way. (NY Times)
When it comes to pitching a story, journalists’ advice to PR pros is similar no matter what the medium is. Reporters and editors are swamped. Their inboxes are overflowing. They don’t have time for off-topic pitches or information-choked emails. Cut to the chase. (PR Daily)
This is one of the hard things about being a VC today: You must give entrepreneurs more than just capital. In my experience as a founder and sometime investor, here are five hard things I’ve seen great VCs do for their companies long after their checks have cleared. (TechCrunch)
How do you host your website? You might choose to host it on the bare-metal of a dedicated server, or on a cost-effective VPS. If you’re anything like me, you probably choose to host your site on a managed, shared-hosting package, mostly out of pure laziness. After all, who wants to do server management in their spare time? (MakeUseOf)
Depending on who you ask and which polls you trust, you can come away with a very different perspective on how an increase in the federal minimum wage would affect small firms. And with Congress and several states currently mulling legislation to raise the floor on wages, employers in towns across the country are lining up on either side of what has become a critical election-year issue in Washington. (Washington Post)
When you’re trying to build your business, everyone around you seems to have all the answers to your most perplexing challenges. You’ll meet with advisors, mentors, and potential investors who will push you to think about your business differently. How do you deal with the influx of “great” ideas? Will these people be annoyed if you don’t take their advice? What’s the best course of action to take when you’re on the receiving end of a deluge of advice? (Forbes)
Shauna Mei is a curator. She brings together the wonders of the world for her website AHAlife, a luxury online marketplace with a mission to support artisans from across the globe that would otherwise go unnoticed and unsupported. Not only does she have impeccable taste, but she’s also an MIT engineering grad and a former Goldman Sachs employee. That’s quite a resume. Here, we talked to Mei about her career path and her best advice for aspiring female entrepreneurs. (Elle Magazine)
“How important are quotes in press releases?” A PR executive asked that in a LinkedIn public relations group last week, and it stimulated an interesting discussion. Here were some of the best answers (paraphrased) that I think represent how PR professionals should be using quotes. (PR Daily)
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