Jun 22
Facebook is the social networking site most often used by the small business owners polled in the 2011 U.S. Bank Small Business Annual Survey released June 22.
Of the respondents who use social media in their businesses, nearly three-quarters said they utilize Facebook, followed by LinkedIn (57 percent), industry-specific communities (26 percent) and Twitter (23 percent).
The total number of respondents who said they use social media went up from 32 percent in 2010 to 39 percent in this years survey. Among 11 regions considered individually in the survey, Washington state had the highest usage, at 45 percent.
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Tags: Facebook, Facebook Leads
Jun 22
Whether you don’t like writing about yourself, you’re not sure what goes there or because the whole thing just makes you feel plain awkward, writing the business About Us page is a task that intimidates many small business owners. You think you know what you want to say, but then you get to that blank WordPress page and you suddenly forget how long you’ve been doing this, why you love it or, sometimes, even the company name. But your About Us page doesn’t have to be something you dread. Instead, craft a page that you’re proud of and that helps communicate exactly who you are and what you represent to your customers. It’s easy
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Tags: Page
Jun 22
Most business owners rely on outside funding to build or expand their existing companies. The traditional route is to apply for a business loan at the bank. The only problem is that business lending is highly cyclical, meaning it depends on the state of the economy as a whole. When things get tight, banks typically tighten their collective purse strings. The phenomenon is also known as a credit crunch.
According to most financial experts, business owners are having a hard time securing loans. In the wake of the recent recession, business lending fell as banks tightened their lax lending policies. Start-up companies and those with checkered financial histories are finding it much harder to get funding.
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Tags: Bank
Jun 21
The possibility of Betfair entering into a merger with its small-cap peer Sportingbet was being mulled over yesterday, as City scribblers argued a tie-up between the two gambling groups would result in a sure-fire winner for investors.
Numis Securities’ Ivor Jones was the man behind the fantasy theory, with the analyst – who suggested “Fairly Sporting” as a name for the proposed group – claiming “a merger would create a better business than either company on its own”.
The move, said Mr Jones, would give Betfair “the first-class fixed-odds bookmaking product which it needs to round out its product depth and avoid a lengthy, expensive and risky process of building it internally”.
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Tags: Betfair, Betfair Should
Jun 21
Small business lenders and credit unions need not collect demographic information from business borrowers as conveyed by Mark Sekula, Executive Vice President, at Randolph-Brooks FCU. Credit unions are chartered to serve their members.
Regulatory data collection is meant for institutions that can serve anyone; credit unions should not fall in the same category. Seluka also supports a move to repeal provisions in the financial overhaul bill that was introduced last year. The bill requires financial institutions to collect the same demographic data for business customers as is applicable for people who seek mortgages.
Representatives of the ABA and Independent Community Bankers of America came to Seluka’s support. B
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Tags: Business, Small Business
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