Friday, May 3, 2013

SBN newsletter


 

In this Issue:


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Sometimes, when you are considering or choosing a CRM for your small business, you might need or want one with a more social focus. Social CRM takes regular CRM a step further, and helps small business owners utilize social media techniques and tools to better connect with their customers. Whereas regular CRM is basically a tool for small businesses to organize all of their customer data, social CRM shifts the focus to the customer.

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In the current financial climate, new high-tech businesses rely more than other firms on outside loans and investments, while non-technology businesses owned by African Americans, Latinos, and women simply operate on less capital, says a report issued today by the U.S. Small Business Administration (SBA) Office of Advocacy. The report, called Access to Capital among Young Firms, Minority-owned Firms, Women-owned Firms, and High-tech Firms looks at how the changing financial environment affects new firms.
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Owning a business is stressful, but running a business from home brings additional challenges, according to a new survey by Wakefield Research for Carbonite, Inc. (NASDAQ: CARB), a leading provider of cloud backup solutions. The study found that while home-based small business owners are concerned about data loss and struggle to find a proper work/life balance, a majority (79 percent) aren't taking full advantage of cloud-based business tools.
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Business Financial Services, Inc. (BFS), a leading specialty finance company since 2002, announced a new $82 million credit facility provided by Wells Fargo Capital Finance, part of Wells Fargo & Company (NYSE: WFC). The new credit line, which replaces a smaller facility with another lender, bolsters the Company's ability to serve the owners of small and medium-size businesses throughout the United States, and through affiliates inCanada and the United Kingdom.
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Small business owners only dedicated 3 hours a week to social media, reports Forbes. While social media can increase sales it requires more of a time investment before any results are seen.
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When the economy improves entrepreneurship declines. The Kauffman Foundation’s Index of Entrepreneurial Activity shows that 0.3 percent of the adult population started a business in each month last year, reports Businessweek. That is down from an average of 0.32 percent in 2011.
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According to Entrepreneur, using a To-Do list can actually improve your businesses bottom line. Knowing how to prioritize your tasks can improve your business and create a better work-life balalnce.
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