Going it Alone? 3 Small Business Opportunities You’re Missing Out On

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Working for yourself is great, but at some point you’re going to miss the chance to talk to people who understand what you’re going through. If you don’t have a community to commiserate with occasionally, you can start feeling alone in your ventures.

While it may seem a little strange, you actually want to hang out with your competitors. Why in the world would you ever want to do that? Because, more than anyone else, they understand what we go through everyday. In the end, making nice with your colleagues can help spur friendly competition and keep everybody sane.

Not sure how to go about getting everybody together? Here are some ideas.

Networking Events

You want to keep it mostly business which is only natural. After all, you’re not in this to make a bunch of best friends. You simply want to help grow your business and the industry, all the while keeping your head in a good place so you don’t end up spending your work hours with imaginary friends Fred and Bob.

Networking events are the perfect solution for this. You can either put together a mass event where everyone meets each other or have a focused event with speakers. Either way, it lets you have a fun event that still keeps everything in a business environment.

If you do hire speakers, ask the community which topics they really want to learn about. This way you’ll have a better turn-out rate plus the event has a better chance of fulfilling its purpose – to educate your colleagues and grow your industry.

Fun Times

Most business owners know that it’s easy to get tired of working 24/7 and need to take a break. The problem is you just don’t know how! You spend so much time behind your desk or laptop you can barely remember what having fun is like, much less how to do it.

Well, now’s your chance. You have a whole community full of people to give you ideas. There’s bound to be a common interest in the group as to what everyone wants to do. It could be something like a bowling league or a monthly poker tournament, or even a hiking enthusiast club.

If you can’t seem to find any real common ground, figure out a schedule where you do different things every week or month. If you really can’t come together and figure it out, hire an outside company to throw events for you.

Share Resources

If you’re far, far from your colleagues try to let off some steam online. A friend of mine ran a “Group Therapy” Tweet chat for professional writers. Another runs a closed Facebook group that allows her colleagues to network and solve professional problems.

They also… share leads.

Wait, why would you do that? The goal for the community is to grow the whole industry, no matter how global or local your own business is. The best way to do that is trust in your new colleagues so everyone can grow together. Sharing resources, including leads, can be one of the best ways to get everyone on the same page.

Are you actively involved in a community of your colleagues? Or are you going it alone?

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Small Business Owners: Give the Gift of Community for the Holidays

As another holiday season is upon us, it’s important to remember everyone involved with your business, and recognize their contributions in a meaningful way. In short, acknowledge the team of people that make it possible to run a successful small business. Here are some simple ways you can recognize their contributions:

  • Throw a holiday party. If budget doesn’t permit, throw a pot luck and give genuine thanks to the team for all of their hard work throughout the year.
  • Write a personalized, handwritten letter. Say something unique to them.
  • Send a funny card. Again, personalization is key.
  • Give random awards to recognize extraordinary outcomes and/or efforts. It’s been proven many times that recognition is a stronger motivator then money and you can have a lot of fun creating an award for everyone based off of their talents!
  • Adopt a charity to focus on the seasons of giving. Let the team choose the organization they feel best represents your culture and values.

Don’t forget your clients and customers either. Sending them a meaningful holiday card email or gift basket communicates your appreciation for their support. Your business partners and vendors should not be neglected either.

Offering gifts and bonuses is wonderful, but what really matters is showing gratitude and providing a genuine sense of community.

Your business—and your team morale—will be stronger for it.

David Nilssen is the CEO & Co-Founder of Guidant Financial. Read more tips about becoming a successful entrepreneur in his book, Making the Jump into Small Business Ownership.

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The MyCorp Mixer… in Case you Missed it!

First, we want to send out a HUGE ‘Thank You’ to everyone who made our mixer an outstanding success. Our video production was taken care of by the amazingly talented Envision Productions, and our entertainment was very kindly provided by the musical experts at City Connection Entertainment and Productions. Also, if the food in our slideshow makes your mouth water, check out Bella Donna Special Events – their amazing catering left everyone well fed and happy.

And, of course, there wouldn’t have even been a mixer if it wasn’t for all of you who came by to chat, eat, and drink with us. It was a blast talking with all of the local business owners and getting to know our local community of entrepreneurs. We were also elated to give away a free iPad to the winner of our Business Card Raffle – the very lucky David Brauer, husband of our very own Lisa Brauer!

So thank you everyone from the very bottoms of our hearts for all of your support. Of course, if you weren’t able to make it our very talented in-house photographer Heather Madrigal was kind enough to snap a few photos of the festivities:

Thanks again to everyone, and we hope to see you all again very soon!

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Help Your Small Business Dream Take Flight!

Where I grew up there is a little outdoor sporting goods store that I love to visit. It is sandwiched between a Mexican restaurant and an old magazine and tobacco store. Its location is nondescript and doesn’t get very much attention. However, once you’re inside – it is a whole new world. The sights, sounds and smells take you somewhere special. There are pictures of world famous climbers. They are always the first to have the newest climbing, skiing, and camping equipment. The employees actually use the gear they sell. They can tell you where the best snow is, or where the best campsite is. They recognize you when you walk in and will ask how the jacket you bought last winter is holding up. Sure, there may be illicit smells wafting from the employee break room, but that’s just how it is. That is what small businesses are- unique and custom tailored to the local community; providing a product or a service with you in mind.

Many people dream of running their own business, setting their own hours, and getting involved with their local communities. How do you make it happen?

1) Recognize something you have experience in, knowledge of, or are just plain passionate about.

Consider your favorite small business, and what you love about it. Why you shop there and not somewhere else. What is it that they offer that the big box stores don’t? Can they give you specific answers to your questions? Help pick the best product for you and your situation.

2) Determine a location that fits your target customer.

You don’t see many surf shops in the desert, likewise your location should be close to your customers! Not sure where to locate? That leads us to our next point…

3) Be found.

This is an important step for most small businesses. What if you’re a plumber and could be located almost anywhere? How will customers find you? You also need to be discoverable. Make sure your business utilizes the internet; so people can find you on Google maps, or on review services like Yelp or Trip Advisor.

4) Spread the word.

Get out there and talk about your product. Get to know other small businesses. Use social media. Subscribe to newsletters, publications, or journals that discuss issues in your local community that will affect your business. Offer special deals, because sometimes all it takes is a foot in the door!

Running a small business is exciting and rewarding. Not sure where to start? Check out the resources on our site to help. Got questions? Post a comment here on our blog, tweet us @mycorporation or ask a question on Facebook!

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How Do You Give Back to Your Community?

December marks the heart of the holiday season. Christmas parties, family gatherings and decking our halls with decorations are synonymous with the season. In the midst of all this merriment, millions of people find that an additional activity goes hand in hand with the holidays: giving. Giving of our time, funds, and resources to others who are less fortunate mark an important part of the holidays. What about businesses? In addition to office holiday parties, do businesses give back to their communities?

The frustrations of the past months put into the spotlight by the Occupy Wall Street protests, suggest that corporate America is one thing: greedy. Chants involving “the 99%” and “wealth distribution” have left a mark on corporate America’s arguably already tarnished image. For many, the holiday season represents a time of giving back to others. Despite corporate America’s blemished profile, many corporations give back millions of dollars each year.

The Chronicle of Philanthropy, a magazine that monitors the charitable giving industry, tracks donations from the largest corporations in the Untied States from the annual Fortune 500 list. The magazine reported that the most generous donor in 2010 was Kroger, with $64 million. Kroger, the largest grocery chain in America, was the only corporation to give more than 10% of its previous year profits to charity in 2010. The 2nd most generous was Macy’s totaling over $41 million dollars. In addition to hosting the annual Macy’s Thanksgiving Day Parade, Macy’s provides over 1,000 grants to organizations in low-income communities where the giant retailor operates. The list continues with Safeway coming in 3rd, Dow Chemical taking 4th and Morgan Stanley taking 5th. So yes, many large companies do in fact give back to their community, quite generously!

Giving is not only important to large corporations, it is also important for 501(c)(3) companies, or tax-exempt non-profits, in a somewhat different way. Non-profit companies rely on donations, or giving, so that they may fulfill their charitable purpose, usually giving back to their community. In order to qualify, the company must be organized to use its revenues for a charitable purpose, rather than distributing them as profits or dividends.. None of the companies’ earnings may inure to a private shareholder or individual.

Most charitable organizations are allowed to receive tax-deductible contributions. Contributions over $75 dollars must be documented. For many non-profits, these tax-deductible contributions keep them in business. Think about companies like the Salvation Army and The Red Cross. They operate mainly on charitable donations and in some cases use social media to further the process. The Red Cross, for example, raised over five million dollars to support Haiti solely through text message!

The business community, both large corporations and small start-ups, are all, in some way, affected by charitable giving. Here at MyCorporation we encourage our employees to give back to the community through local canned food drives, and other seasonal programs. Take some time during your holiday celebrating and consider giving back to your community, or even your favorite non-profit. You know the saying, a little really does go a long way!

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Donations Without Borders

December, thanks to its proximity to a wide array of religious holidays, has sort of become the unofficial month of giving. Come Christmas/Hannukah/Festivus/Saturnalia, living rooms across the world will be filled with crumpled wrapping paper, discarded boxes, and happy faces. We absolutely love the Holiday Season because of the level of generosity that seems to radiate from everyone.

Of course, that generosity doesn’t stop at families and friends. Charities typically register record levels of donations during December, and many have events throughout the month specifically to gather as many donations as possible during the “month of giving.” Businesses typically love to do their part as well, holding their own events to try and help sponsor charities. But an all too frequent problem with this has once again been seen, though it was in a place only possible in our highly connected, social media driven world.

The social media community was very recently rocked at the astounding donation that Reddit’s r/atheism community gave to Doctors Without Borders – as of this posting they are at $152,000 being donated, shattering their $75,000 goal and rocketing past the previous December campaigns. Two slightly less active/less subscribed to communities are also holding their own campaigns in solidarity with r/atheism – r/christianity has $14,000 pledged to Doctors without Borders and r/Islam has promised $1,500.

All of this is completely user driven, primarily through the site’s voting system that allows users to upvote the posts they like. Typically, users will make a post saying they will donate X amount for every upvote that post gets to a certain point, and then prove they donated. This system however has some wondering at what point does this stop being generous and start becoming self-serving.

After all, why don’t they just donate the money and stop asking people to recognize what they are doing?

The answer is, of course, that this is all done to raise awareness as well as money. A dollar is great, but a dollar and some free recognition for the charity is even better.

But questioning the motive behind these types of campaigns is always something that comes up. If you are looking at holding your own charity event for your small business, think about the following while you plan it:

1. Is the focus the charity, or your business?

This is a big problem that a lot of businesses end up facing, and one reason why some charities are apprehensive to link their 501(c)(3) status with some companies. After all, how the business presents itself will reflect directly on the charity it is trying to help. While a company or CEO or PR team may have the charity’s best interest at heart, they may also see this more as a marketing opportunity. This in and of itself is not a terrible thing, and some good publicity is always expected when linking up with a charity, but if it becomes clear that the only reason a company is holding some sort of donation drive is to better its image then there will be backlash. The decentralized nature of Reddit allowed its users to individually deal with the whatever allegations against them emerged. A corporation or company that has a single figurehead simply cannot do the same, so if you are going to push for a donation drive, remember to always put the charity before your company.

2. What do you expect to accomplish?

This is key, and helps you deal with the inevitable, “Why not just donate and stop bothering us?” question that, we promise you, will arise. The go-to answer tends to be to raise awareness in the community about the charity du jour. Sometimes, though, that may not be the case. The answer could be much more personal than that, in which a bit of honesty and humanity can go a long way to help your efforts in raising money. You can also find the answer in the other direction. For example, they might have been the only charity willing to team up with you and raise money. While this sounds a little odd, more charities reject offers from businesses to raise money than you would think. But even if that is the case, there is some reason why you made the final decision to go with them instead of continuing to ask around, or scrapping the campaign entirely. Have an answer prepared and know exactly what you like about the charity you are teaming up with. Are they small but effective? Do they have a broad reach? Do you like how local their campaigns are? Knowing what you want to accomplish with them and why will be instrumental in determining the campaign’s effectiveness.

3. Can you handle derision if it comes?

This is the final and most important question. Even if you ensure that the focus is the charity, and even if you have a great personal answer to the question about what you expect to accomplish, you will still be likely hit with some derision. This may take the form of an angry post on your Facebook wall, a phone call, or even some public figure accusing you of trying to profit from charity. Sometimes you just have to smile and let the flame burn- remember, the focus has to be the charity. The more you make it about your business or your motivations, the less the focus is on the campaign and the more you hurt your own efforts. Know when to step back, take a deep breath, and smile!

The entire purpose of any fundraising campaign is to help a non-profit continue its mission. Do all that you can to make the campaign a success while remembering the purpose and be proud that you helped a worthwhile cause.

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"Think Global, Act Local"

While we haven’t seen the numbers from this year’s small business Saturday, we can probably assume it was a rousing success. The campaign garnered over 2.7 Million “Likes” on Facebook and had the Twittersphere buzzing with thousands upon thousand of tweets tagged with #smallbusinesssaturday.

President Obama’s campaign even gave the event the presidential push.

All of this is extremely heartening to see, especially during harder economic times. The phrase “Think Global, Act Local” is more than just a cute rhyme that fits well on t-shirts and placards. Working locally to improve your community is one of the most effective acts of kindness that you can undertake, and the results of working locally are typically felt right away. Even if you don’t have the time to volunteer or help out, you can do your part by putting a little thought into where you shop and buying from local, small businesses. Small businesses create jobs, pump money into the local economy and helps everyone in the community.

eLocal put out an awesome and highly informative Info-Graphic that shows exactly how doing something as simple as buying from local, small businesses instead of giant chains can both help your community and the natural environment:

Click to See the Entire Info-Graphic

As the graphic shows, buying from locally owned stores does more than just help your hometown. It really can have far reaching effects both economically and ecologically! So instead of buying groceries at Wal-Mart, drive out to a Farmer’s Market. And instead of doing your holiday shopping at Target, try and throw a little business to smaller, specialty stores.

Yes, doing this can take a little more time and energy, but the effects are wide reaching and, as eLocal’s graphic shows, well worth the effort. Hopefully we can extend the amazing reception Small Business Saturday received and continue to help local stores get a piece of the ever coveted market of holiday shoppers.

So enjoy your holiday shopping, and remember to give a little love to your local small business.

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Using Social Networking Sites: How to Create Online Buzz

Social networking sites can be a great took for entrepreneurs looking to advertise their businesses. However, using these sites can also backfire. With so many small businesses using social networking sites such as “Facebook” and “Twitter,” the quantity of advertising is overwhelming. In order to use these sites successfully, business owners must create a strong presence within the networking community. Here are six tips to remember when using social networking sites.

1. Don’t bite off more than you can chew.
Make sure that you understand the site you are choosing to use, and remember that each site is unique. Time is valuable, especially when small businesses are concerned, and it should not be used constantly updating dozens of social networking sites. Pick those that you understand and invest your time accordingly.

2. Don’t become an outsider.
Understand the social networking site you are using. For example, “Facebook” operates differently than “Twitter.” Before you begin, research the site thoroughly in order to create a strategy that will benefit your business. Specifically, make sure to understand your audience and tailor your information to that group.

3. Get the company involved.
Inform colleagues and employees that the business will be utilizing certain social networking sites. Chances are the majority of them are familiar with one or more of these sites. Ask for ideas, suggestions, and tips. Combine knowledge and work together to make your business stand out.

4. Make social networking sites a means to an end.
The goal of using these sites is to draw attention and build a reputation toward your business. Do not operate through sites such as “Facebook.” Rather, use the site to draw users toward your individual business website so they recognize you as a business rather than simply an advertisement.

5. Engage!
Answers questions that are received, respond to comments and engage the online community through the site. Simply posting on these sites will cast a business along side of the millions of others that do the same. Interaction with users will peak their interest, thus leading them toward following up with your business.

6. Use social networking sites as a supplement.
Remember that these sites are not the end all be all of advertising. Make sure they are utilized as only a piece of your marketing strategy. These sites are popular, however traditional methods of advertising are also just as effective.

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