Surfer’s calendar site gives back

Description: Custom calendar site CalendarLink.org raises funds and spreads awareness for the California Surf Life Saving Association.

Source:  CNNMoney.com – video report

Date: 12/22/2010

Link:  http://money.cnn.com/video/news/2010/12/22/n_cc_tides_of_giving.cnnmoney/

Questions for discussion

  • How is this business socially responsible?
  • Who are the target customers?
  • What makes this business service unique?
  • Describe the product strategy and how the Internet allows for customization to match local customer needs.

Getting the message out on Facebook

Description: Small businesses are leveraging their profiles on Facebook to boost their business by keeping in close contact with customers.

Source:  Reuters.com – video report

Date: 12/21/2010

Link: http://www.reuters.com/news/video/story?videoId=170540599&videoChannel=6

Questions for discussion:

  • How does Facebook  allow small businesses to better serve their target customers?
  • How does Facebook differentiate itself on the Internet?

Three Reason’s Facebook’s Revenue Surge Is Even Better Than It Looks

Description: If TIME Magazine didn’t tell you already, 2010 was the year of Facebook, but not just because its founder, Mark Zuckerberg, had a newsworthy year, no matter how you slice it.

Source:  BNET.com

Date: 12/17/2010

Link: http://www.bnet.com/blog/new-media/three-reason-8217s-facebook-8217s-revenue-surge-is-even-better-than-it-looks/6874?tag=mantle_skin;content

Questions for discussion:

  • Summarize the opinions expressed in this interview.
  • Do you think the Facebook phenomena and dominance in social media will endure?
  • How else can Facebook generate revenue other than the ways it does so, currently?

Gen Y: Here’s Why You Should Never Get a Real Job

Gen Y: Here’s Why You Should Never Get a Real Job
Description: A frightening number of young entrepreneurs are writing books these days, and many of them are heavy on cheer leading (îif I can do it, so can you!î) and far too light on reality checks.
Source:  BNET.com
Date: 12/06/2010
Cat ñTags:  2, Starting Your Own Business: The Entrepreneurship Alternative (p180)
Link: http://www.bnet.com/blog/entrepreneurs/gen-y-heres-why-you-should-never-get-a-real-job/1456?promo=857&tag=nl.e857
Questions for discussion: Summarize the opinions expressed in this interview. Do you agree with any of them? What advice do you think young entrepreneurs should follow?
Description: A frightening number of young entrepreneurs are writing books these days, and many of them are heavy on cheer leading (îif I can do it, so can you!î) and far too light on reality check.
Source: BNET.com
Date: 12/06/2010
Link: http://www.bnet.com/blog/entrepreneurs/gen-y-heres-why-you-should-never-get-a-real-job/1456?promo=857&tag=nl.e857
Questions for discussion:
  • Summarize the opinions expressed in this interview.
  • Do you agree with any of them?
  • What advice do you think young entrepreneurs should follow?

Start a small biz with $500

Description: Tweezerman founder Dal LaMagna says his company grew by being frugal with money and keeping stakeholders interests at heart.

Source: CNNMoney.com – video report
 
Date: 11/11/2010

Link: http://money.cnn.com/video/smallbusiness/2010/11/11/sbiz_tweezerman_dal_lamagna_500_dollars.cnnmoney/

Questions for discussion: 

  • Explain the global success of this game?
  • What does its success suggest about consumer behavior?
  • What need does this product satisfy for consumers?
  • How do you explain the appeal of Monopoly in this age of electronic gadgetry?

Turning Customers Into Creators

Description:  A FEW young women are gathered around a conference table dotted with bottles of colorful vitamin drinks, iPod cables and slender laptops. A whiteboard with lime-green writing almost swallows a wall in the room.

Source: NYTimes.com
 
Date: 10/23/2010

Link: http://www.nytimes.com/2010/10/24/business/24ping.html?ref=business

Questions for discussion:

  • How is this sort of research superior to other forms of research into investigating customer behaviors?
  • Do you think the participants are being truly honest in their feedback?
  • Are there any drawbacks to this method of interacting with customers?

A day with Stan Lee at Comic Con

Description: The comics legend is still going strong, and still spends entire days promoting his new products and meeting his fans.

Source: CNNMoney.com – video report
 
Date: 10/15/2010

Link: http://money.cnn.com/video/news/2010/10/15/n_cmr_stan_lee_comiccon.cnnmoney/

Questions for discussion: 

  • How important is Stan Lee as a leader for his company and industry?
  • Why do you suppose there is such reverence for the man?
  • How do you explain the longevity of this industry?
  • Who is the target audience?
  • What is the “product” they are buying?
  • What do you think of the new products mentioned in the video clip?

Small business is still hiring

Description: ‘Help Wanted’ signs are popping up all over, but small business owners say they still feel the impact of the financial downturn.

Source: CNNMoney.com  – video report

Date: 10/08/2010

Link: http://money.cnn.com/video/news/2010/10/08/n_help_wanted.cnnmoney/

Questions for discussion: 

  • Summarize the current state of affairs at the small businesses that were profiled in the report.
  • What does this information suggest to you about the economy in general?
  • Why is the employment situation at small business so worthwhile knowing?

Startup Lessons Learned From a 20-Year-Old CEO

Description:  Meet Jessica Mah: The 20-year-old chief executive who’s on startup No. 3. She’s the CEO of InDinero, a Website that lets small businesses automatically track their finances with no data entry required. Barely a month after finishing the Silicon Valley startup incubator program Y Combinator, she scored $1 million in seed funding. Next on her to-do list: Find more paying customers, keep the 5,000 existing ones happy enough so they’ll tell their friends, and — per the advice of her Y Combinator adviser Paul Graham — not “screw things up.”

Source:  BNET.com
 
Date: 10/04/2010

Link: http://www.bnet.com/article/startup-lessons-learned-from-a-20-year-old-ceo/471602?promo=857&tag=nl.e857

Questions for discussion: 

  • What did you learn about entrepreneurship by reading this interview with Jessica Mah?
  • Does she fit the typical profile of an entrepreneur?
  • What did you learn about starting up a business?
  • After reading this interview, do you feel more motivated to consider starting up your own business?

Burger joint’s social media recipe

Description: 4Food uses social networks like Twitter and Foursquare in lieu of traditional marketing to let customers share their own burger creations.

Source: CNNMoney.com – video report

Date: 09/16/2010

Link: http://money.cnn.com/video/technology/2010/09/15/t_4food_burger_donut_twitter.cnnmoney/

Questions for discussion:

  • What do you think of the use of social marketing, as demonstrated by this small business?
  • Do you think social media works better for small businesses than it can for big?
  • Would you use social media to promote this business as expected by the owners?
  • Why do you suppose so many people have responded to this promotional strategy?
  • How can this small business encourage more compliance by customers and response by receivers of social media messaging?

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