Weekly Buzz: Sit back, relax, and enjoy our curated reads. Here’s our weekly link roundup of small business buzz, musings and muchness. A curation of the best small business talk around the web.
Ouya, an Android-based console company that raised $8m on Kickstarter, is now reportedly seeking a quick sale amid money troubles. Here are some lessons from high-flying crowdfunded failures (The Guardian)
Believe it or not, 42 percent of business-to-business (B2B) brands either have no account or are inactive on Twitter. Shocking, right? Especially considering that 83 percent of Fortune 500 companies have accounts, and Twitter reported last week that it has more than 300 million active monthly users. However, these companies aren’t alone. (PRDaily)
Today’s small business requires PCs that drive productivity and collaboration without the premium price tag. Whether it’s the clarity from visualising data, the smoothness of streaming media or the responsiveness of modern apps, every detail matters to effectively run a small-to-medium-size organisation. (IT ProPortal)
Coca-Cola has been around for 130 years. Coca-Cola has a market cap of $179 billion. Coca-Cola has 129,000 employees. And Coca-Cola is very, very good at what it does. But making the soda is only part of the story. Getting the fizzy stuff into stores and restaurants all over the globe requires a massive supply chain of shipment, bottling, stocking, and staffing — not to mention sales and marketing. (Business Insider)
When LearnVest, one of the hottest startups in fintech, announced its acquisition by Northwestern Mutual, the $250 million deal raised some eyebrows. While this partnership may seem unlikely at first, it actually makes a lot of sense for both parties. LearnVest launched in 2009 as a financial planning service for women. (TechCrunch)
Some 56% of small business owners say they feel as if they can never be away from their company, and just over half (51%) say they don’t have time to focus on themselves, according to a recent report from Constant Contact. In addition to feeling tethered to their business and having little time for themselves, many small business owners say they don’t take vacations (43%) or see their family and friends as much as they would like (40%). (MarketingProfs)
No one likes rejection. Whether it’s a “no” from your dream job, the person you love or the bank, it stings. And if you’re a small business owner, you might know the feeling all too well. Of small businesses that applied for financing in the first half of 2014, only half received any amount, according to a survey by the Federal Reserve Banks of New York, Atlanta, Cleveland and Philadelphia. (NerdWallet)
If you are launching a business, you have probably heard the horror stories of business failure after business failure. Listen to some of the naysayers and you’ll start believing that 90% of new businesses are destined to fail. However, the reality is much brighter: according to the U.S. Bureau of Labor, 75% of new businesses survive the first year, 69% survive the first two years, and 50% make it to five years. (Forbes)
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