business news, internet business Comments (0)
Internet is the new marketing hotspot and too many companies are aware of it. Social media networks such as Facebook and MySpace offer the perfect marketing place for advertisers that want to target a young audience.
There are, however, concerns on whether the advertising techniques are not violating privacy rules with their marketing campaigns. Not surprising, because Facebook users are being displayed to advertisers all the time. In addition, Facebook makes many private details publicly available, or at least available for marketing purposes. The discussion is now heating up, as some Facebook users have fromed an Action Group to stop this violation of privacy rights. MoveOn has gathered many signatures and votes to abandon the loose privacy ethics within Facebook.
Read the whole story at Businessweek.com
business news internet business UncategorizedPopularity: 66% [?]
admin @ November 29, 2007
starting up, entrepeneurship, young entrepeneurs, business news Comments (2)
This year for the third time, BusinessWeek organized its annual contest of the best young entrepeneur in the United States. Young entrepeneurs, all of them under the age of 25, are nominated by BusinessWeek readers. This year 200 young entrepeneurs were nominated. Businessweek announced 25 of them finalists, and of those 25 the readers of BusinessWeek magazine chose 5 winners. Like last year, this year’s winners are mostly web-based companies, although a few more traditional businesses made it to the finals as well.
Among the succesful young American entrepeneurs was a 25 year old woman who drives her own succesgul business University Parent Media, in which she advices parents who want to visit their children at college. All of the young finalists were being chosen because they showed particular courage and originality in their businesses, and because their companies have a great potential for growth.
The goal of the young entrepeneurs awards organized by BusinessWeek is to identify the next Mark Zuckerberg, founder of Facebook or Maxine Clark, creator of the very succesful Build-a-Bear Workshop.
The contest also aims to stimulate young people to make the step towards entrepeneurship and to strive for success. Read the details of the contest and find the winners at www.businessweek.com
business news entrepeneurship starting up Uncategorized young entrepeneursPopularity: 100% [?]
admin @ November 14, 2007
What on earth happened to “I can just start my own business and be done with it”?
Nowadays, you have to have very big funding, you have to give prognoses on how you’re going to do in the future and, of course, where you are planning to do all this.
One of the main keypoints in businesses is the market: if there is a market there will be gains…
Starting small and building a customer service with a friendly “I know it all” attitude will bring in people who like to have a warm environment. Once you get a few returning customers you’ll get free advertising through word of mouth.
Once that settles in, you can start growing. Just make sure you don’t grow faster than you can handle.
An onlearning curve in every (new) business is people management. This means that when you hire new people to work for you because the crowd of customers is getting too big, you have to make sure that you train them well before you give them responsibilities towards customers. Once you let your employees go they will let you know soon enough if the choice to hire them was the right one.
One of the major drawbacks of starting a new company is capital (cash). Not enough cash to get you through the start-up period means not enough room to sharpen your skills in business.
Make sure that before you go to a Bank for the loan, you thought it all over and have some scenario’s up your sleeve. Starting up a business without some backup plan is like jumping out of a plane without a parachute….
The first persons you hire have to be trustworthy and if possible be able to give themselves more than 100% for the first few weeks or so. You need enthousiasm and drive to get the engine starting. Once the engine is heated up, you can get going and hire more people and make your company a thriving beestack of ideas and production. Until then, build slowly and dare to have patience (remember, Rome wasn’t build in one day) .
business market starting upPopularity: 80% [?]
admin @ November 8, 2007