Jul 14
Im fascinated by data Steve King of Small Business Labs published a couple of weeks ago in Comparing Small Business Owners and High-Growth Entrepreneurs. This makes perfect sense to me: I would expect the general small business owners which makes me think of restaurants, car washes, hardware stores, dry cleaners, etc. to be significantly different, as a group, from high-growth entrepreneurs.
To do this we analyzed small business owner survey data from the Small Business Success Index , produced by the University of Maryland and Network Solutions. We compared this data with the results from a 2009 study of the motivations and backgrounds of high-growth entrepreneurs An Anatomy of an Entrepreneur.
If you guessed that the high-growth entrepreneurs tend to be more educated, you were right.
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Tags: Business Owners, Owners, Small Business, Small Business Owners
Jul 14
Our view: Buy
Share price: 279.3p (-2.8p)
The B&Q-owner Kingfisher enjoyed a sharp rise in profits in its first quarter, boosted by warm weather in its major markets, a later Easter and a glut of bank holidays in the UK.
However, the company, which has 860 stores in eight countries including France, Turkey and Poland, warned that it expects this year to be a “tough” one for retailers, especially in the UK, which accounts for nearly half of group profits.
For the quarter to the end of April, Kingfisher powered ahead, with retail profits higher by 19.1 per cent to 174m, on group sales up 3.3 per cent to 2.73bn.
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Tags: Buy, Makes Buy
Jul 12
If you’re looking for the future of small business marketing, look no further. Here are the top stories from the cutting edge with ideas ready for your next marketing campaign on the small business front lines. Got a tip, technique or strategy of your own you’d like to share? Leave a comment below and add to our list of marketing tips from small business leaders just like you.
Marketing Trends
The power of the simple text. Whether marketing for a “cause” or for your brand or business, don’t underestimate the power of the simple text message. With other marketing technologies exploding out there, Joe Waters observes, it remains the one kind of communications almost everyone in every demographic knows how to use. Have you con
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Tags: Cutting Edge, Marketing
Jul 11
Our view: Speculative buy
Share price: 11p (+1.51p)
Is there something to Yell about at last for yet another business struggling to cope with the impact of the internet revolution? To be sure, investors in the company have had a torrid time in recent years. The publisher of the Yellow Pages once counted itself a member of the corporate aristocracy, holding a place in the FTSE 100.
But with interest in its printed offering waning, combined with vicious competition in the online arena, its decline has been rapid and brutal, so much that it has is now a small cap.
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Tags: Yell, Yell Verge
Jul 11
Many new entrepreneurs believe their service or product will have wide market appeal. As a result they overestimate their market opportunity and accordingly their company’s potential for growth. So you need to ask yourself: what’s my market opportunity really!?
It’s important to keep in mind that your business can’t be all things to all people. No matter how broad you consider the appeal of your product or service, not everyone will be interested in it. That’s why you should be able to identify the appropriate niche for your business—your “sweet spot.” In others words, who is your ideal customer? Defining your n
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Tags: Market, Market Opportunity
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