Friday, October 10, 2008
Brutal Truth... But You Are Already Knew This....
Thursday, October 2, 2008
The Economy and Small Business
Friday, September 26, 2008
Small Businesses Are The LifeBlood Of The US Economy.....
validated by the enclosed information. You will begin to see how placing emphasis on this on a local level is very important. I will strive to include interviews of local small business owners, who are dealing with
adversity and prosperity, and are willing to share their stories. By doing so I am hoping to bolster morale and camaraderie amongst local business owners. In my opinion, small business owners need to hear stories of triumph from other business owners in the Triangle. These stories will serve to empower other entrepreneurs who may be discouraged or burned out. The bios presented will also help to increase the recognition of the businesses and advocate patronage from
the community. I understand that my niche is helping small to medium size business owners match wits with the marketing budgets of other mammoth size corporations, and to also get big corporations to do business with small to medium size business owners. The enclosed information below is a wake up call for the community to see the power
of small businesses, and how WE drive the economy, which is a main subject of controversy in the media.
What really drives the U.S. economy? No, it is not war. Small business -- firms with fewer than 500 employees -- drives the U.S. economy by providing jobs for over half of the nation's private workforce. The latest figures from the SBA show that small businesses with fewer than 20 employees increased employment by 853,074 during 2001-2002.
These and other statistics outlining small business' contribution to the economy are contained in the Small Business Profiles for the States and Territories, 2005 Edition from the Office of Advocacy of the U.S. Small Business Administration (SBA).
"Small business drives the American economy," said Dr. Chad Moutray, Chief Economist for the Office of Advocacy in a press release. "Main Street provides the jobs and spurs our economic growth. American entrepreneurs are creative and productive, and these numbers prove it."
Small businesses are job creators. Office of Advocacy funded data and research shows that small businesses represent 99.7 percent of all firms, they create more than half of the private non-farm gross domestic product, and they create 60 to 80 percent of the net new jobs.
Washington Post-------
Thursday, September 25, 2008
Wednesday, September 24, 2008
Guerrilla Marketing. Use These Strategies To Build Your Business...
The term guerrilla marketing was coined by Jay Conrad Levinson in his
1984 book Guerrilla Marketing as an unconventional system of marketing and
advertsing on a very low budget, by relying on time, energy and imagination
instead of big marketing budgets. The term has since entered the popular
vocabulary to also describe aggressive, unconventional marketing methods
generically.
Levinson's books include hundreds of "Guerrilla Marketing weapons,"
but they also encourage the guerrilla marketeer to be creative and
devise his own unconventional methods of promotion. This aspect
is crucial as the business owner should always be in a position to
tweak the plan as needed. The marketeer uses all of his or her contacts,
both professional and personal, and must examine his company and its
products, looking for sources of publicity and exposure. Many forms of
exposure can be very inexpensive, others are free. As a guerrilla you are
always looking for ways that are inexpensive and effective. The guerrilla
understands that by operating in this manner your attacks are precise
and sporadic. Your ability to switch and adapt to market conditions is
something that your competition may not be able to do.
Levinson says that when implementing guerrilla marketing tactics, small
size is actually an advantage instead of a disadvantage. Small businesses
and entrepreneurs are able to obtain publicity more easily than large companies;
they are closer to their customers and considerably more agile.
Yet ultimately, according to Levinson, the Guerrilla Marketeer must "deliver
the goods". In The Guerrilla Marketing Handbook, he states: "In order to sell
a product or a service, a company must establish a relationship with the customer.
It must build trust and support. It must understand the customer's needs, and it
must provide a product that delivers the promised benefits."Levinson identifies
the following principles as the foundation of guerrilla marketing:
* Guerrilla Marketing is specifically geared for the small business and entrepreneur.
* It should be based on human psychology instead of experience, judgment, and guesswork.
* Instead of money, the primary investments of marketing should be time, energy, and imagination.
* The primary statistic to measure your business is the amount of profits, not sales.
* The marketer should also concentrate on how many new relationships are made each month.
* Create a standard of excellence with an acute focus instead of trying to diversify by offering too many diverse products and services.
* Instead of concentrating on getting new customers, aim for more referrals, more transactions with existing customers, and larger transactions.
* Forget about the competition and concentrate more on cooperating with other businesses.
* Guerrilla Marketers should always use a combination of marketing methods for a campaign.
* Use current technology as a tool to empower your business.
The above is just an overview of what Guerrilla Marketing consist of.
This process of marketing is great for both online and offline businesses,
as the objective is to increase recognition and profits. These are your
parameters.


