SmallBusinessNewz Video Blog » Finance

Social Media Myths for Business Debunked

Videos — Fri, 01 Apr 2011 16:42:04 +0000

In looking at technology and the trends that come and go, we can see why businesses have been hesitant about embracing it. However, the newness should be wearing off by now and companies can look to other businesses that have used it successfully to reach their goals.

In this SmallBusinessNewz report, Abby Johnson debunks several myths or objections to social media. They include:

- Social media is a fad
- Social media doesn’t have ROI
- No time or money to invest in social media
- No control over message with social media
- No privacy in social media
- Too many legal challenges with social media

Do any of these sound familiar? If so, check out this broadcast to find out why these objections aren’t completely valid when being applied to social media.

5 Financial Mistakes That Could Hurt Your Business

Videos — Tue, 18 Jan 2011 13:30:10 +0000

Learning how to manage money is a common problem for many people. Unfortunately, this often leads to money management problems in businesses.

For this reason, SmallBusinessNewz reporter Abby Johnson discusses 5 mistakes that businesses make with money and how they can be avoided. These areas involve price, taking into account the full cost of items, credit and collections, budgets, and taking on too much financially.

If not addressed, each of these areas could put a business in serious financial hardship. On the other hand, when the finances are in order, the business can focus on other important areas. Watch the complete broadcast for all the details.

Save Your Business Money with Discounts

Videos — Fri, 17 Sep 2010 20:56:12 +0000

Who doesn’t like a good discount? For this reason, Anita Campbell, the founder of Small Business Trends, recently wrote about 5 ways businesses could save money with discounts. They apply to both online and offline businesses and are sometimes found in surprising places.

These discounts can be found in recurring invoices and billing statements, when you boldly ask for them, when you consolidate services with one provider, when you partner with vendors, and when you sign up for vendor newsletters. Each of these ways provides valuable opportunities for saving money.

Catch all this information and more in this SmallBusinessNewz report with Abby Johnson.

Open Source Software: What Your Business Needs to Know

Videos — Wed, 23 Jun 2010 17:03:48 +0000

As awareness for open source software increases, people are realizing its wide array of uses. Small businesses are even seeing that it can be used as a valid replacement for some software that they currently pay for. Two very prominent perks of open source software for small businesses are that it is less expensive and easier to maintain.

But here’s the big question: is it right for your business? In this video report, Abby Johnson discusses several open source alternatives for small businesses. Specifically, she addresses Open Office, GnuCash, GIMP, and Zimbra.

Find out if these alternatives are right for you by tuning into this SmallBusinessNewz broadcast.

Which Price Is Right?

Videos — Thu, 29 Apr 2010 20:34:45 +0000

How do you know if you are charging too much or too little for your products or services? Since determining the right price is a difficult task for businesses, SBN offers some tips that might make the process easier.

In this video report, Abby Johnson lays out 6 pricing structure tips for businesses. They are:

1. Look at competition
2. Utilize local resources
3. Obtain customer feedback
4. Evaluate supply/demand
5. Conduct market research
6. Calculate business costs

With the current economic challenges, now would actually be an ideal time to evaluate your pricing structure since it gives you the opportunity to distinguish yourself from your competitors. Check out all the details on pricing in this segment on SmallBusinessNewz.

How to Cut Office Expenses

Videos — Wed, 21 Apr 2010 14:47:41 +0000

When businesses try to cut costs, they sometimes think their only option is to cut budgets. However, there are many expenses that businesses can cut right in their own office. Business consulting expert Ken Gaebler of Gaebler Ventures even said that office expenses can amount up to as much as 5 percent of total revenues for small businesses.

As Reporter Abby Johnson explains in this broadcast, 5 ways to help businesses cut their office expenses include:

1. Operate virtually as much as possible
2. Re-negotiate your lease
3. Share office space with another business
4. Check out economic development zones
5. Find short-term rentals

To see a full explanation of these tips, tune into this broadcast right here on SmallBusinessNewz.com.

Putting Profitability First

Videos — Mon, 15 Feb 2010 14:48:01 +0000

Are you satisfied with the current profitability of your business or do you think it should be producing more? Most of you probably wish for more profits, but what are you doing to increase them?

The main reason many people go into business for themselves is to make money. Ironically, they often forget that once they start their business. They get busy with the other operations of the business and take their focus off of the numbers.

But as Abby Johnson points out in this report, businesses need to be constantly focusing on their cash flow and moneymaking projects in order to succeed. Check out this SmallBusinessNewz video to find out more about why your business needs to put profitability first.

Preventing Business Growth Problems

Videos — Fri, 22 Jan 2010 17:35:32 +0000

Did you know that the reason your business isn’t growing could be a result of internal issues within your business? Many times, problems start, unfortunately, with the internal structure of the business. A lack of management, financial backing, and focus are all factors that can prevent a business from growing.

In this SmallBusinessNewz report, Abby Johnson explains how to overcome these obstacles and give your business the opportunity it needs to grow. Since business growth is a key to business success, it is important that nothing prevents it. Find out much more, right here on SmallBusinessNewz.

Realistic Fund-Raising for 2010

Videos — Wed, 20 Jan 2010 20:04:58 +0000

Raising capital for your startup is never easy, but how difficult will it be in 2010? Unfortunately, it will still be challenging. Although the economy is slightly improving, there is still a long way to go before we’re out of the rough waters. The good news is there is still money available for startups, but the approach entrepreneurs take, needs to be modified.

SmallBusinessNewz reporter Abby Johnson delves into the topic and offers a few new spins on obtaining funding. To be frank, some of the traditional methods are simply not going to work this year, but there are some that will still be effective. Watch this SmallBusinessNewz report to find out all the details.

Opening a Business Bank Account

Videos — Fri, 23 Oct 2009 19:03:55 +0000

There is a lot involved with starting a business. Thankfully, not every aspect of it is difficult. One of those easier areas is opening business bank account. The very existence of this account will make financial management and tracking much easier for you.

In this SmallBusinessNewz report, Abby Johnson explains the entire process from choosing a bank to applying for an account. Once the account is complete, business owners can also look into establishing a savings account and obtaining a business credit card.

Watch this video for all the details and benefits to opening a business bank account.