Spotlight: Minority-Led Business, Women & Power

Tuesday, February 28th, 2012

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Two great links for you today:

The Jane Dough has a fantastic slideshow of powerful ”African American Women In Business” and kicks off with the inspirational story of Ursula Burns, who rose at Xerox from being a summer intern to eventually becoming CEO.  Take five minutes to read a little bit about these admirable women.

Also, here’s a heads-up to check out Black Enterprise’s Business Report this weekend where they’ll be reporting from the “2012 Women of Power Summit.”  Expect interviews from noteworthies including Carole Simpson, Beverly Johnson & Teresa Clarke.  To watch, tune into TV ONE this Sunday at 10:30 a.m., on NBC Nonstop DTV, and in syndicated cities across the country.  Visit www.blackenterprise.com/bebr for local time and station information.

Spotlight on: Minority Business

Wednesday, February 22nd, 2012

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A number of recent articles on minority-owned small business could be worth your time. 

Black Enterprise highlighted a number of tips taken from Mark Amtower’s new book, Selling to the Government.  Some of the tips are pretty straightforward, like encouraging patience whenever working with the government, but other ones are more concrete, like giving instructions on how to locate the major urban hubs where contracts can be best located.

OPEN Forum has also posted two recent mythbusting articles on some of the realities of tax filing for minority-owned small businesses as well as some of the other perceived benefits people have expressed over time.  One of the advantages minority-owned business do have is in contracting.  Visit the SBA for more info.  (They have all sorts of related tips and resources over there, including webinars).

Why is Customer Loyalty Important? #infographic

Thursday, February 16th, 2012

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Its no secret that ARMA is fond of infographics lately.  We just spotted this customer loyalty infographic at Small Business Trends that we thought you’d enjoy as well. 

(Go to the original link to see the bigger version)

Small Business Partnering

Tuesday, February 14th, 2012

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We’ve said before here at ARMA that one of the best ways to succeed as a small business is to partner up with other businesses.

Diverse Strategies breaks it down for you and explains how partnering up puts you on par with the big leagues.  And even if you’re just starting out, gives you a chance to take a small piece of something much larger and make it your own.  Business.com has a nice succint article on how to determine if another business will complement your own before partnering, and has grrat links to further research how teaming up can pay out.  And listen to the team at Duct Tape Marketing if you’d like to learn how to make your business more attractive to potential partners, starting with your elevator pitch. 

Want to partner with ARMA?  Get in touch.

#Smallbiz Tech Suggestions

Friday, February 10th, 2012

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Infographic via Safferty, click to make bigger:

Contracting Tips

Wednesday, February 8th, 2012

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As usual, some useful information being issued over at OPEN Forum.  Here, a primer on the 8(a) certification for small businesses and here, a breakdown from Barbara Weltman on accessing contracting set asides for minority and women-owned small businesses.  Kenneth Larson has updated his yearly guide on his own knowledge gained through the contracting process.

Janice Washington

Are you utilizing the website over at SBA.gov?  They have plenty of really interesting resources like this upcoming online chat about starting a new business in 2012:

‘New Year, New Business: How to Start it Right’ with Janice Washington, State Director, Arizona Small Business Development Center Network on Thursday, February 16, 2012 at 1:00:00 PM EST.

It’s All About Trust

Friday, February 3rd, 2012

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Church of the People recently reposted this graph depicting the changes in where consumers place their trust in the last year (click through to their page to see the graph larger).  The biggest changes that are evident here are the sharp decline in rtrust of company/government spokespersons and marked rise in trust of “someone just like you.”

What does this mean for businesses, smal and otherwise?  Charles Green, guestblooging at 1to1 Media, suggests that the solution to the decline in consumer trust in businesses is simpler than you’d think, and begins by trusting your customers.  How can a business put that into action?  Read on for some of Green’s suggestions and read his full post for more insight into the inner mechanics of trust.

There are many ways you can begin to trust your customers. Give a penny, take a penny is a very small retail example, but you can scale the idea, too. Try offering more free information. If someone asks a question (e.g., “how much does it cost unbundled?”), answer it. If you don’t offer a feature, say so. Make more information available on your website. Offer guarantees, no questions asked. Give out free samples; give out free advice.

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2/1/12 Customer Service #Roundup

Wednesday, February 1st, 2012

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Smashing Magazine delivers a great long form article on upping the ante with customer service.  The article has both broad strokes, including advice like “If we do not engage with our clients in a real, personal way, then we are just another vendor — and vendors are easily replaceable with better cheaper options,”  (emphasis in original)  as well as case studies, like the work they did with the Tori Lynn Andreozzi Foundation.

A new customer service interface called Desk.com could be a powerful asset for small businesses in particular because it streamlines the various streams of communication that your customers might reach out to you through.  Desk.com’s parent company Assistly (a recent acquisition of Salesforce) works well with massive companies like Starbucks and Bank of America, but Desk.com is more tailored to smaller customer service teams, including those at TED, Spotify, Yelp, Vimeo and Instagram.

Tech Journal shares their thoughts on the concept of “customer blind spots,” and speak firmly in favor of continuing to wow customers after the point of purchase in order to avoid them switching to competitors.  They surveyed a number of customers, and identified that in particular “Wireless phone, cable and gas/electric utilities providers each experienced the greatest increase in consumer switching – five percentage points.”  They determine that the blind spots come from this observation:

The study found that consumers rate “having the service experience match the promise a company makes to me up front” as one of the most important areas of customer service. Yet the greatest service frustration cited is a provider’s failure to deliver on the service experience promised up front.

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