Sherpas are famous for trekking to the summit of Mount Everest. But one entrepreneur says they have much to teach the business world. (What Nepalese Mountaineers Can Teach You About Business: Sherpas are famous for trekking to the summit of Moun...
Dot Olonovich's insight:
Excellent ideas to think about if you're looking to improve your profitability.
FOR IMMEDIATE RELEASE..[San Francisco, CA -- December 11, 2012] -- Scoop.it, a leading social media and content curation platform for professionals and businesses, recently announced it’s platform redesign, elements of which focus specifically on...
Dot Olonovich's insight:
For a company with over 5 million unique visitors per month, Scoop.It takes itself seriously with a sense of humor.
While this press release may be tongue-in-cheek, the upgrades in this release are designed to both make them more competitive and provide a better social media platform for their users, with a forward look to the coming year. As they say in the article, "Scoop.it has made the platform as user-friendly and efficient as possible to be cognizant of the new pressures that rampant looting and roving groups of motorcycle bandits may cause."
Question of the day: Are you preparing to thrive in an increasingly competitive market too?
If a penny costs two cents to make, and a dime costs eleven cents, what would you do? In an effort to cut costs, congress is considering replacing $1 bills with coins.
There are just two problems. First, you should give people what they want, and regardless of what people in England like, we here in the US love our $1 bills. No one wants those stupid coins.
Secondly, the Mint is looking at the total costs of producing money. If you look at each coin and bill as a product line, it's clear that pennies and dimes are not pulling their weight.
As an alternative, the Mint should look at improving the durability of the bills. Paper technology has advanced a long way, and if asked, I'm sure the paper industry could find ways to easily double the life span of our beloved Benjamins.
There is a fundamental flaw in Bank of America's thinking. We should ask ourselves how we can best serve our customers profitably, not how we can get rid of customers who we feel are dead weight. In my upcoming book about using Free products and services to drive profitability, I explain that you need to drive down the costs of providing the Free service by systemizing and streamlining, while creating paid offerings people actually want.
I also don't believe for a second that it costs them a couple hundred dollars a year to maintain low balance accounts. The digital and administrative costs are close to zero. This is a terrible way to do business!
Bank of America - Ask your customers what they want to pay for and give it to them. You should be in the business of building relationships, not eliminating them.
"The bank is looking for ways to cut losses it takes on the 20 percent of customers who keep modest balances on deposits and do not use credit cards, mortgage loans and other products. They generally have under $50,000 in yearly household income, costing the bank on average a couple hundred dollars annually, the Journal reported."
Hiring managers: Don’t fall into this trap. Improve morale by placing new hires in positions that suit their expertise and experience. To increase the energy level in your company, give young workers the opportunity to engage:
* Recognize the value of a recent college education – today’s business students are informed about how businesses should be run from end to end. Ask them for ideas.
* Start people at a level that recognizes the effort they’ve put into life. To do otherwise is to devalue them.
* Encourage passion. The office can use a little enthusiasm.
* Build relationships. You have more in common than you realize.
* Balance accountability with freedom. Reduce the number of controls to what is strictly necessary to lessen the time needed for administration. Package up creative endeavors in project work that young workers can work on more independently.
Growth in the nation’s labor market far exceeded forecasts last month, a signal that businesses are proving resilient through the disruption caused by Superstorm Sandy, the monster hurricane that punished the East Coast and disrupted that key...
Google is not just organizing information anymore. Why has the company acquired BufferBox? In one word: opportunity. "BufferBox is a kiosk that can be placed in local venues around the nation for self-service parcel pick-up."
Sharing your scoops to your social media accounts is a must to distribute your curated content. Not only will it drive traffic and leads through your content, but it will help show your expertise with your followers.
How to integrate my topics' content to my website?
Integrating your curated content to your website or blog will allow you to increase your website visitors’ engagement, boost SEO and acquire new visitors. By redirecting your social media traffic to your website, Scoop.it will also help you generate more qualified traffic and leads from your curation work.
Distributing your curated content through a newsletter is a great way to nurture and engage your email subscribers will developing your traffic and visibility.
Creating engaging newsletters with your curated content is really easy.