Category Archives: Business

How to Stay Sharp While Traveling for Business

 

 

If you’re constantly on the go, you know just how tiring and stressful business travel can be. If you aren’t careful, you can find yourself burned out while on the road. Needless to say, that’s not good for you or your business.

So, what can you do to make sure you stay sharp while constantly traveling for business? Here are some tips that will keep your mind sharp and your body refreshed while you’re on the road.

 

  • Eat right—When you’re constantly running, it’s easy to fall into the habit of grabbing some fast food or munching on some snacks. While this might satisfy your hunger, it won’t give you the energy you need to keep performing at a high level. In fact, it does the complete opposite.

                That’s why it’s so important to eat right when you’re traveling. Make sure you enjoy plenty of fruits and vegetables as these are great brain foods that keep your mind sharp. You should also limit the sodas you drink, and make sure to drink plenty of water, as a hydrated body is more energetic.

Continue Reading →

How to Run a Simple Trademark Search

intellectual property - trademarks

Credit: BigStockPhoto.com

Let’s say you’re in the U.S. You’re about to start a new business. You need to come up with the perfect business name for your new software development company. Oooh, I know! “Microsoft!” No, wait. We can’t do that, can we? That would be trademark infringement. Shoot!

You can’t simply go in and use the name of another company in your industry, or one that could be confusingly similar. A key element of trademark law is that your business name and other branding elements shouldn’t confuse consumers into thinking you’re someone else. In other words, you can get a free ride off of another company’s reputation.

Okay. That’s oversimplifying, but I’m not a lawyer and diving into the deeper realms of trademark law isn’t within our scope today. Instead, let’s talk about conducting a simple trademark search to see if you’re really free to use that great business name you came up with.

What is a Trademark Search?

 

 

registered trademark

Credit: BigStockPhoto.com

A trademark search is just the act of checking up on a business name or other potential trademark to make sure it’s not already being used in a confusingly similar way. There are registered trademarks — those officially registered with the United States Patent and Trademark Office (USPTO). However, a trademark doesn’t have to be registered. It’s all about first use in business. Therefore a thorough trademark search would have to go beyond searching the USPTO’s database.

How to Conduct a Basic Trademark Search

While it’s always a good idea to hire an attorney specializing in intellectual property law before investing a lot of time and money into branding a new business venture, you can at least rule out some potential business names on your own. It’s relatively quick and easy. Here is the process:

  1. Visit the USPTO’s website (http://uspto.gov/).
  2. Click the link in the Trademark column that says “search marks.” This will take you to the Trademark Electronic Search System (TESS).
    uspto

    Credit: USPTO.gov

  3. Click on “new user form search (basic).” This takes you to the basic search form pictured below.
    uspto tess search

    Credit: USPTO.gov

  4. Enter your search term and click the submit button. Enter “Microsoft” just to see an example. You’ll see a list of registered trademarks involving the word “Microsoft” (or whatever you typed in). Let’s look at an example with no trademarks registered — BizAmmo (a project I launched a few years ago). You’ll see there are no registered trademarks.

Yay! You found a name with no registered trademarks. Don’t get too excited though. Remember, a trademark holder doesn’t have to register their mark with the government for it to be valid. There’s still the first use issue to contend with. Here’s how to move on to the next step of your simple search.

  1. Go to Google (or your favorite search engine).
  2. Type in the keyword or phrase you want to check. I like to use quotes around the phrase in this search to bring up exact instances. Search for BizAmmo as an example. Darn. It looks like it’s already being used for something.
  3. If there are no results, try searching for very similar phrases (like a plural or singular or minor spelling changes). Make sure there is nothing too similar in use. If you did find results in your search, you can take a closer look. Are they in any way related to the industry, product, business, etc. that you wanted to use the name for? If so, it’s time to move on to the next idea. If not, you’re ready to consult with a trademark lawyer to determine if there’s a likelihood for confusion, or if you might be the first to use the trademark in your intended way.

Like I said before, I’m not a lawyer. This tutorial isn’t meant to provide you with a failsafe method of identifying trademarks and it isn’t meant to serve as legal advice. Keep in mind that trademark law is a complicated area and not all trademarks might be found in a Web search or USPTO search (think of a local competing small business that might not be on the Web).

Use this guide as a way to weed out business name and other trademark options with obvious infringement potential, and don’t assume that a lack of results is enough on its own to mean a trademark is yours for the taking. As mentioned, consult with an attorney who specializes in intellectual property law (or more specifically trademark law) when you’ve narrowed down your ideas before you invest a lot in your new venture, especially where international trademark issues might come up.

How To Find Small Business Grants!

Credit: MychaelThompson

Credit: MychaelThompson

You must have seen several ads about how to get “free” money for your small business. Is there really free money available for your businesses?

While the government does offer grant money, it is not easy to qualify or receive as some may lead you to believe.  There are hundreds of scams out there that entice small business owners with the promise of free money, for a small fee.

These scams work by guaranteeing that you will get a small business grant or you will get all your money back.  They charge you a fee of about $50 for a packet with information on how to write your grant proposal and a list of organizations that can provide the grant you are looking for.  Unassuming business owners pay this fee and receive information with a list of organizations that don’t give any business grants.  When you try and get your money back, you find that the guarantee was just a hog wash.

Does that mean there are no small business grants?

There are, but are rare, and the information you need to find and apply for the legitimate grants is available “free” of charge. For businesses that qualify, there is a possibility of getting free grants from the county, state and city governments.  There are also some private corporations and foundations offering these grants.

Grants for Technology Startups

Businesses that stand the best chance of getting grants are technology startups. As long as they match the extremely stringent requirements, the federal government’s Small Business Innovation Research (SBIR) and Small Business Technology (STTR) programs are there to help. They award more than $2 billion in grant funding each year.

Small Technology Focused Businesses

Many state and city governments offer grants for small businesses that focus on technology. In Ohio, TechColumbus offers grants to help entrepreneurs test their ideas and see if they can actually run a business. In Philadelphia, The Ben Franklin Partnership and in Gardiner, Maine, the Maine Technology Institute are just a few of the many organizations that help local tech companies out. Continue Reading →

How to Land the Perfect New Hire (and Never Post a Job Ad)

Job Classified Ads

Are you looking to add a new full-time staff member to your team? Some part-time help? An independent contractor to help with a specific project? No matter what your hiring needs are, it’s important that you find the right fit for your company.

When some people think of the hiring process they think of placing job ads, reviewing the applications and resumes that come in, and then conducting interviews to make a hiring decision. While advertising your job openings can give you a large pool of applicants in some cases, do you really have the time to review all of those resumes? What if none of those applicants is exactly what you’re looking for?

The best way to find your perfect new hire may not be posting a job ad, especially if you’re looking to hire someone with highly specialized skills. Instead, consider some of the following recruitment techniques:

Credit: Jay Simmons

Credit: Jay Simmons

1. Give Google a Go – Sometimes a simple online search is all you need (especially if you’re hiring a freelancer who considers new clients, as opposed to someone who may already be employed fulltime). Freelancers such as writers, designers, programmers, and consultants often have online portfolios available. Search for the type of contractor you’re looking for. Chances are good that you’ll find professional websites from freelancers that could meet your needs.

There you’re often able to review their portfolios (their past work) and sometimes learn more about their past client list, their rates, and their credentials. In other words, your hiring choices aren’t limited to those who have seen your job ad and you won’t have to weed out applicants who send resumes without actually meeting your requirements.

2. Ask Your Employees (and Others in Your Network) – The best referrals come from those who know you and understand the needs of your business. People are often better-connected than we think, and it’s possible that one of your existing employees or colleagues knows someone that would be a perfect fit for your company’s opening.

Credit: Sanja Gjenero

Credit: Sanja Gjenero

Many higher-level freelancers and full-time professionals don’t respond to advertised jobs. That’s because they already get job offers through their own network (such as their clients, past employers, or colleagues). Therefore if you’re looking for someone highly-specialized, this could be your best bet. Ask a colleague who they hired for a similar project in the past. Ask an employee who will be leaving if they know someone in the field that might be interested in filling their shoes (obviously only if the employee is leaving on good terms, such as due to relocation). Make those in your professional network aware of your hiring needs, and they may be able to help you in recruiting the best match for the job.

Preferably, stick to members of your professional network rather than turning to friends and family (where there’s a bigger chance of tarnishing the relationship if you don’t take their suggestion, or if you do and the employment situation doesn’t work out).

3. Don’t Neglect Social Networks – While it probably isn’t the best idea to start your recruiting efforts on social networks like Myspace and Facebook which are often used for personal networking, give LinkedIn a try. Not only can you find members’ educational credentials and work history if they’ve shared them, but you can view recommendations from their past employers or clients.

Credit: LinkedIn.com

Credit: LinkedIn.com

Because LinkedIn is specifically for business networking, you won’t have to sift through endless irrelevant personal details to narrow down your pool of potential new hires. Social networks also generally give you a way to contact the user privately, whether or not you have their direct email address.

Job ads still have their place in the recruiting process, but in a time where more people are looking for work and fewer companies are hiring, they can lead to a lot of applications from people who aren’t really qualified for the job. Let job ads be a last resort, and let your professional network and the Web bring you better initial prospects.

Online Press Release Distribution: 5 Tips for Getting it Right

Credit: Steve Woods

Credit: Steve Woods

Maybe you’ve just launched a new online business. Perhaps you’ve released a new, heavily-updated version of your commercial software package. Or maybe you’re ready to release the results of an industry survey conducted by your company. When your business is faced with potentially-newsworthy information to share, you might decide to use a press release (or news release) and online press release distribution sites to get the word out.

Online press release distribution is a great tool for small businesses without big budgets for major newswire distribution. While the primary purpose of a news release is still to get exposure (which happens most effectively when members of the media, authority bloggers, and others in your industry put out a story on you), they can do more thanks to the Web.

Press releases can also help you build links from authority and relevant sites (through their coverage), direct traffic from some members of your target market, and ultimately better search engine rankings as a result. To get these benefits though, you have to use online press release distribution in the “right” ways.

Where Some People Go Wrong

Credit: Michal Zacharzewski

Credit: Michal Zacharzewski

Because online press release distribution can lead to SEO benefits, those distribution sites are often abused by spammers. Press release spam can mean a few different things, but when it comes to newswire services and distribution sites it basically refers to non-newsworthy press releases distributed solely for links.

This is a problem. If you have a generic article with no timely aspect or news value, it shouldn’t be put out over press release distribution sites. It would be better suited for article marketing. If it reads more like an advertorial, you’ll be better off seeking paid placement on the end sites you want to reach.

Remember that press releases are first and foremost public relations tools–not marketing. They’re not about pushing hard sales or advertising. They’re not about getting a lot of quick (but irrelevant) links from free press release distribution sites. They’re about sharing news and creating an authority image for the company releasing them. The quality links, traffic, and rankings are simply an added reward of a job well done.

Continue Reading →

Online Market Research: Anything but Optional

Market Research

Internet marketing is a beautiful thing, isn’t it? There are countless marketing tools available on the Web, and many carry little to no barriers to entry (in other words, they’re free or very inexpensive, so anyone can use them). That ease of use can cause some problems though. What do you do when you have an overwhelming number of options available, and only a limited budget or limited time to implement your Internet marketing campaign?

Turn to Market Research

Traditional business owners know that market research plays a vital role in the success of any marketing campaign. That doesn’t change on the Web. Still, it’s all too common to see online entrepreneurs, webmasters, or traditional businesses making the leap to the Web taking a very untargeted approach (we recently talked about the consequences of untargeted social media marketing specifically).

When you jump into using a tool because someone says you should try it, without doing any planning or market research first, you run the risk of wasting both time and money in a failed attempt to reach your target market. Market research lets you compare different marketing tools and tactics to figure out which will best reach and influence your intended audience before you commit to them.

What You Want to Know About Your Market

There are several general areas of marketing research you should be familiar with. The first part of your market is your customer base (or subscribers or readership as the case may be). Consumer market research helps you decide who to target and how to influence them.

Don’t stop there though. You also need to think about your competition (by researching what they’re doing and what’s worked well for them, you can make better market planning decisions).

Here are some of the things you’ll want to find out about your market before engaging in any particular marketing tactics:

    Credit: Jesse Courtemanche

    Credit: Jesse Courtemanche

  • Who is your marketing really reaching? – You probably have a vague idea of who your target audience is the moment you create a website, product, or service. But do you know them well enough to know exactly who your marketing message is going to reach? Think about the demographics and psychographics of the people who are your potential buyers or visitors

    Are they mostly male or female? What age group? What income level? Where do they live? What level of education do they have? What are their interests? How will whatever you’re offering relate to their values?

  • What influences your audience? – It’s not enough to know who your audience is. Marketing is about influencing a group of people–convincing them to visit your website, sign up for your newsletter subscription, buy your product, etc.

    If you target an audience consisting of mostly mothers in their 20s and 30s, for example, their motivating factors to make a purchase are going to be very different than those of a single teenage male.

  • How can you compete? – In any industry you have to know who your competition actually is if you want to successfully compete with them. More importantly, you should look at their past marketing campaigns to keep their successes in mind and to learn from their potential mistakes.

    Even more vital than that, you have to know how you measure up against them if you’re going to craft effective marketing messages that set you apart. You can do this through a basic SWOT analysis (where you detail your strengths, weaknesses, opportunities, and threats in comparison to your biggest competitors).

How to Find the Market Information You Need

One of the reasons business owners sometimes neglect market research on the Web is the misconception that it has to be expensive, difficult, or very time consuming. That may be true of some types of market research. But just as the Web offers simplified marketing tactics, it offers more accessible global market research as well.

Here are several ways you can gather market research information online quickly, inexpensively, and very easily:

  • Visit competitor websites – There you may be able to find out how long they’ve been in business, how qualified their staff and management team are, or even see some of their marketing in action.

    Remember that their website, email newsletter, and even logo or other branding material are all a part of their overall marketing effort.

  • Credit: Danard Vincente

    Credit: Danard Vincente

  • Google it (or Bing it, or whatever strikes your fancy) – Search engines are your friend when it comes to Web-based market research. Not only can they help you discover competitors and how your competitors are marketing their businesses on the Web, but they can give you insight into your target market.

    A news engine, for example, might turn up press releases detailing survey results and other market research reports. Even if the full reports cost hundreds of dollars, key statistics about the markets / audiences surveyed are often released for free in those press releases.

  • Conduct keyword research – If your Internet marketing plan involves search engine optimization (SEO) or search engine marketing (SEM) tactics such as pay-per-click (PPC) ads, keyword research is a given. But even if you’re not planning those things, do it anyway.

    Tools like the Adwords keyword tool will show you what phrases your target market is interested in (what they’re searching for). In the example below, you can see keyword phrases related to market research, and how they fare against each other in popularity.

    Why does this matter? Because it tells you what your audience is specifically interested in. If you know what they’re interested in, you can better appeal to them in your marketing copy and collateral, influencing them and increasing conversions.

Keyword Research

Those examples are some of the most basic online market research tools available. There are an abundance of tools and tactics available to you in consumer market research online. Let these serve as a starting point rather than your comprehensive plan.

Depending on your audience and what you’re trying to promote, you might also turn to market research surveys, focus groups, conversion tracking (after implementing a tactic such as an ad campaign), or other marketing research methods available.

The next time you’re wondering how you should expand your Internet marketing plan, don’t simply ask others for tactical suggestions. Invest some time into online market research and find out how your market likes to be reached (or what they respond to best) instead. What works for others won’t necessarily work for you.

Social Media Marketing: Enough is Enough

Social Media Marketing

Social bookmarking. Social networking. Blogging. Microblogging. Are you using them all in your social media marketing efforts? What about online video, content aggregators, podcasts, social media news releases, forums, and photo sharing? Some people would have you believe that you should be engaged in all, or most, of these social media tools and tactics to promote your business. Those people are wrong.

Why it Doesn’t Pay to be an Early Adopter

It’s a common marketing misconception that businesses should take advantage of every tool available to them if using that tool could potentially attract new visitors, readers, or customers. While there’s nothing wrong with testing new tools, attempting to try everything may cost more than you’d think (in wasted time), especially if you insist on being one of the first. Continue Reading →

The Best HR Practices That Successful Companies Practice!

Why are employees in some companies happy to stick with the company while others look for a change? The reason is that some companies know how to take good care of their employees and provide a working environment that helps them retain their identity, while proving themselves and growing along with the company.

Here are some of the best HR practices that help in the creation of a highly satisfied and motivated work force.

Work Environment

A safe and happy workplace makes the employees feel good about being there. Each one is given importance and provided the security that gives them the motivation and incentive to stay. This is usually achieved through internal surveys to find out whether they are satisfied and if not what they think needs to be changed.

Open Management

Employees don’t like the feeling of being kept in the dark about what is happening in the company. They feel motivated and develop enthusiasm only when the management opens up to them and discusses the company policies, sales, clients, contracts, goals and objectives. This encourages participative management. Asking them for ideas on how to improve will get their creative juices flowing. Being open about everything related to the company will help in building trust and motivating the employees. This open management policy can be practiced using several tools.

Performance Incentives

Every good performance is appreciated in the form of a pat on the back, bonuses or giving some other compensation for a job well done. Organizations that struggle to keep up with the attrition rate are mostly those that think employees are “just” doing their job. Even if it is the employee’s job, completion in an appreciable manner calls for an incentive, and this goes a long way in boosting the staff morale. These incentives can be implemented at the individual as well as the team level and it has been seen that this works wonders in getting the best out of the employees. But it is important to keep in mind that these bonuses should not be given without a reason, unless it is a commitment for annual bonuses or some such thing. Doing so will only reduce the perceived value of the bonuses. Continue Reading →

How To Create The New Social Media Format (SMR) Resume!

In the current economic gloom, with companies going belly up, finding new jobs calls for that little extra that can give an edge over competition. This often means jazzing up one’s resume and making it interesting. Most of you will agree that a plain text CV can be quite boring. Imagine an HR department receiving hundreds of such CVs; they may end up not making the right choice eventually.

The social media resume format is a media format of a resume and contains media elements such as MP 3s or videos created by you do the talking, instead of you. This was first created by Christopher Penn, who gave it the name of SMR and provided an online sample.

This resume format is catching up with job seekers and it seems to be doing wonders. According to a user, the main advantage of using this format is that it can be customized to reflect you as a person. All the elements of a normal resume continue to be present with additions of multimedia elements, integrated social networking feeds and sharing options. Adding these certainly equips a person better for success. Continue Reading →

Find a Job in a Bad Economy

The economy in the United States is causing great concern for everyday citizens around the world. While top level executives are walking away with millions from failed companies, investors and employees are facing hard facts about their investments, their careers and their future. When you find yourself under the axe, your career aspects are bleaker across the board and if you’re not prepared for the possibility of lay-offs, you can be a tight spot both in the short-term and long-term.

Jobs and Recessions

There is little doubt there is a huge correlation between jobs and the economy. When the economy dips, companies trim the fat on their budgets. Often, this means non profitable departments are cut along with nonessential personnel. Contractors, freelancers and others might find themselves out of work for one company where they were duplicates of actual employees who must now shoulder more work for the same salary. Freelance individuals might find also themselves with more work as companies opt to outsource work to contractors rather than pay employee benefits and salaries.

In a recession, many jobs will be lost and the jobs that remain will become more cumbersome. Some fields will remain the same or even grow, such as the medical industry, virtually undisturbed by the economic conditions. Your plan for a bad economy should reflect your career track, your skills and your initiative. Continue Reading →