The Justice Department is pushing hard to stop U.S. companies from using bribery to win business abroad. Don't mistakenly get caught in its crosshairs. Every day, U.S. businesses do billions of dollars in business with foreign countries, importing nearly $7.5 billion and exporting $6.4 billion in goods and services. Although the majority of this nearly $14 billion in trade is controlled by big business, small companies are starting to carve out a much bigger piece of the pie. The latest Census … [Read more...]
Can Someone Legally Steal Your Website’s Content?
If someone takes content from your site without asking, does the law protect you? Learn the surprising answer and how to shield your content from thieves. I woke up early this morning to the sound of banging and scratching coming from my home office. After quickly descending the stairs, I found a total stranger sitting at my desk copying my latest batch of articles. Apparently he'd walked in through the front door, which I'd left unlocked. When he saw me, he said, “Hi, Mike. Love your work. … [Read more...]
Why The Government Could Get Half Your Business
f you're thinking about selling your company, don't forget your silent partner: Uncle Sam. Here's how to make sure he doesn't walk away with more than you. When you think about selling your business, how much of the sales proceeds do you expect to keep? The Government Could Get Half Your Business. Many owners respond with a common answer: the net proceeds (sales price minus liabilities), forgetting that silent partner Uncle Sam will also expect his cut. Changes in tax laws from the … [Read more...]
Lessons From Detroit: How To Protect Yourself If Your City Goes Bankrupt
How To Protect Yourself If Your City Goes Bankrupt. It's one thing to worry about your best supplier or customer going bankrupt. With Detroit filing for the largest municipal bankruptcy ever, things have just gotten riskier for entrepreneurs. Bankruptcy laws exist for good reason—three, in fact. They provide an orderly way for filers to acknowledge they can’t pay everything they owe, they provide creditors with the best chance of getting at least some of their money back, and they help provide … [Read more...]
Credit Card Fraud Alert: 3 Ways to Protect Your Business
Credit card fraud is an ever-growing problem for small-business owners. Take these steps now to protect your business before it's too late. According to comScore, the first quarter of 2013 saw retail e-commerce sales surpass $50 billion in the U.S., with 10 percent of all discretionary income being spent online. Last year global e-commerce surpassed $1 trillion. While this is great news for small businesses with e-commerce websites, the risk of loss also increases. Cybersource, a payment and … [Read more...]
How to Buy a Luxury Car for Less
It might not seem fair, but the vast majority of businesspeople care about what type of car you drive. Here's how to impress without breaking your budget, buy a luxury car for less. You don’t need to be a car enthusiast to acknowledge that what you drive says a great deal about you. Small-business owners who want to succeed need to reflect that desired success in the clothes they wear and the car they drive. This is about assuring existing and potential clients that they are doing business … [Read more...]
Have Chambers of Commerce Jumped the Shark?
Local chambers of commerce seem to have lost their relevance in today's business world. Here are 3 problems they need to overcome--fast. For some time I’ve been thinking seriously about local chambers of commerce and their role in today’s business world. For centuries, chambers served as an essential member of the local business community, providing valuable advice, relationships and access to government officials. The first local chamber in the U.S. launched in New York in 1768 and was … [Read more...]
How Online Risks Could Destroy Your Business
Your business probably has insurance against accidents and natural disasters, but when it comes to everyday online risks, you're on your own. The Internet is as risky as it is necessary to your business. Global e-commerce revenues surpassed $1 trillion last year; 144 billion emails are sent each day; more than 1 billion people are actively engaged on Facebook, and the majority of data collected for business purposes is relayed over the Internet. But the Internet has always been fraught with … [Read more...]
Selling to the Poor: A Trillion-Dollar Market Opportunity
Selling products or services that help poor people make ends meet is a trillion-dollar market. But is this good business or exploitation? Common sense dictates that if you want to have a successful business, you should sell to customers who can afford to pay you. Typically, the more money customers have, the greater their ability to pay for goods and services. But a number of companies have taken that conventional wisdom and turned it on its head. Selling to the poor may be the greatest … [Read more...]
The Sneakiest Way to Make a Fortune
Opt-out sales generate a whopping $2 billion in revenue every year. It's a totally unethical practice ... yet completely legal. There are two key parts to any sales process: convincing the potential customer to buy what you're selling, and then getting paid. What if there was a way to eliminate both of these steps from your sales cycle? What if you could just go ahead and send something to somebody and automatically get paid for it? That’s exactly what some companies are doing, the sneakiest … [Read more...]
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