March 8, 2013
Here’s our weekly link roundup of small business buzz, musings and muchness. A curation of the best small business talk around the web.
Forget the Sequester: Entrepreneurs Are Saving the Future
“Imagine a world with unlimited food, water, and energy—in which we prevent disease rather than cure it and in which our lifespans increase along with our wisdom and knowledge. This is what entrepreneurs are making possible. They are leveraging rapidly advancing technologies in a wide range of fields to do what only governments and big labs could do before: solve humanity’s grand challenges.” (Forbes)
Cyberinsurance is Latest in Small Business Safety Net
“It seems to be that large data breaches or denial-of-service attacks at large corporations get the most media coverage. The costs of investigating and responding to these losses, and the resulting lawsuits and regulatory fines, can be staggering. The Ponemon Institute has estimated that response costs can be as high as $200 for each compromised record… But smaller companies also face such losses. When these losses arise, the best friend a small company can have is a well-crafted cyber liability insurance policy. And, cyber liability insurance is often more appropriate for smaller businesses.” (USA Today)
3 Alternative Hiring Approaches for Small Businesses
“Companies have traditionally approached hiring in cut-and-dry, inflexible ways. But it may be time to shake up the traditional recruitment model to help small businesses land more efficient hires. Businesses tend to approach the hiring process similarly: By hiring a recruiter, picking a job board to post their open positions, and tracking candidates. Eventually, they get to interviewing and finally, hiring. This approach to the hiring process can work for some, but the changing dynamics of today’s workplaces and the impact of digital technology means most employers, especially smaller companies, need to be more nimble and direct.” (Huffington Post Small Business)
The 7 Stages of Small Business Success
“With 28 million small businesses in the U.S., it’s hard to be a member of planet earth and not have a personal connection to small business. Small businesses play a critical role in the economy, making them a hot topic of discussion. What’s the problem if everyone is talking about small business? The problem is this: Small business means different things to different people. Small businesses come in many shapes and sizes. If you’re a solopreneur, you have different needs and challenges than a business with 10 employees. And you have widely different needs and challenges from a 100 person company.” (Small Business Trends)
Who’s Launching Startups, How They’re Funded, and What They Earn
“Despite the lumps and bumps of our economy in recent times, brave entrepreneurs continue to take the leap and start new businesses. Who are these intrepid souls? A new survey of over 1,400 new business owners from The Ewing Marion Kauffman Foundation and LegalZoom, The Startup Environment Index, sheds some light on last year’s startup climate. Here’s a snapshot of last year’s new businesses—who formed them, how they were funded, and how they performed.” (Forbes)
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