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15 August  2010 ~

One of the biggest problems that businesses encounter with social media is they simply jump into it without any specific strategy or goals.  The overwhelming majority of businesses that have pursued this path have received only minimal benefits, if any.  Treat social media as you would any business initiative, be it a new financial reporting system or a new marketing program… start with a strategy! In this video post, we review some of things you might consider relevant for your strategy.

 
27 June  2010 ~

The explosive growth, rapid revenue generation and HUGE business valuations have definitely attracted a lot of attention to some relatively new group buying sites. 

While the concept itself is certainly not new, the buzz around the growth potential is new, and a lot of that can be traced to the use of social media in these business models.  In some ways, these are really the first sites tied into social media that are generating significant direct response revenue.  Heck, Groupon is less than 2 years old and has already raised more money with a higher valuation and will gross more than almost every other social media site except for perhaps Facebook.

On the surface, these sites seem ridiculously simple to start, operate and grow but as we all know, still waters can run deep and there really is a lot to learn about these sites.  The goal of this post is to begin to share a large group of links that dig into some of the many facets of this business model, as well as Groupon, the leading company in this space. 

 

 
13 June  2010 ~

CFOStrategistPrior to one of his recent social media presentations, Chris spent time talking one-on-one with some business owners.  The questions they all seemed to have was, “which social media sites should my business consider participating on”?  So what’s the answer, Facebook, Twitter, YouTube, LinkedIn or something else?

 
30 April  2010 ~

 

What does healthcare reform mean for small business?  The healthcare bill is so large and complex… and it won’t impact us until 2014, so why spend time trying to understand it now as we have more pressing needs.  That’s a phrase we’ve heard lately, quite frankly more than once.  This gave us a thought… wouldn’t it be great to understand the reform’s impact on business – “at-a-glance”?   Presented below in this post, is the impact of healthcare reform on small business through the simplified view of an infographic.  When looking at the pictures, some interesting issues jump out.

 
18 April  2010 ~

Are you registered on LinkedIn?  The common problem for business people is that they’ve registered an account, spent some time tweaking it, accept and send invitations but beyond that, they are not really sure what else there is to do AND how it can benefit them.  

Therefore, I offer my list of 51 things to do with your LinkedIn Account.

 
11 April  2010 ~

We live in an era of rapid business change.  Over the last ten years there have been significant impacts like: the web, Y2K, 9/11, Sarbanes Oxley and now social media.  One thing is for sure, best of class companies continue to evolve with the times to maintain their competitive advantages.  Today, everyone is talking about social media but can it really impact business operations and process excellence?

 
28 March  2010 ~

By now, we have all heard about the raging debate on healthcare reform.  However as business leaders do we know what it means to our businesses?  In this post, we will look at 5 questions we may have to address in the near future.

 
21 March  2010 ~

CFO Strategist - Going Viral

We’ve all seen viral videos, as a matter of fact so have thousands of other people too.  Having thousands or even millions of people watching, sharing and talking about a particular video is actually relatively unique, even if the phrase “viral video” is quite common.  What is it that enables something to get “viral”?  In this post we take a look at three different types of videos that have gone viral and identify some of their key characteristics.

 
14 March  2010 ~

How do you maintain your business knowledge and ultimately business relevancy in an environment that is changing rapidly?  Easy – find and use resources that literally provide us “knowledge at a glance”.  Yes – they do exist and below we take look at three of these.

 
28 June  2009 ~

How are CEO’s using Social Media A recent study by UberCeo.com, took a look at the social media profiles of all of the Fortune 100 CEO’s across sites like Twitter, LinkedIn, Facebook and Wikipedia.  As we’ve talked about here on this blog, at its basic level social media is a “conversation” and the benefit for a business is to engage in those relevant conversations that are already occurring online as they pertain to their business.   The goal for engaging in these “social media conversations” is simple – tap into a natural curiosity relevant to your business, grow that into a relationship and then over time convert that relationship into economic benefit.   Funny, if you take the term “social media” out of that last statement, isn’t this what most business leaders do on a daily basis anyway?  So we were excited to see the results of this study and learn how CEO’s are using social media to expand on what they are already doing on a daily basis. 

 
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