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Austin Business Blog by the Members of Network In Austin
Ideas To Create Changes You Can See
posted on February 4, 2012
Continuing on the theme of change you can see for 2012, I’d like to ask you a few questions to think about as you go through your week. I’ll ask you in a few minutes but first, have you ever felt stuck in your life? I mean, you knew there was something different, something better for you but you just didn’t know how to get there? And then, you felt so overwhelmed with trying to figure it out you gave up? That overwhelmed feeling is stress and if it’s not reigned in, can make it even more difficult to move forward. And you don’t want that. Read more »
Author: Edna Brinkley PhD
Business Succession and Estate Planning with an ESOP
posted on January 27, 2012
As the owner of a privately held corporation, you’ve worked long and hard to build up the business and make it a success. Now that there is some stability and certainty for the future of the business, you know that you need to start thinking about your future – retirement as well as what’s next for the business without you. But, you also want to take care of your employees because without them, you would not have succeeded. It would be nice to be able to share some of the success with them. What can you do? Read more »
Author: Robert Hauser
Need "Document Reduction" process clients to record and hone processes
posted on January 27, 2012
Hello NetworkInAustin Businesses...WEDIAKPO!(Write Everything Down, In a Known Place, Once!)We need two firms to implement scaled down large firm processes to reduce the number and length of your operations and project documents. This should save a small (not tiny...) company plenty of time, money, rework, and other benefits to justify the time and expense. Read more »
Author: Darrel Raynor
Happy Lunar New Year
posted on January 25, 2012
Happy Lunar New Year everyone. Read more »
Author: Edna Brinkley PhD
Five Steps for Measuring Customer Loyalty
posted on January 24, 2012
Investing in customer loyalty isn't just good business, it's good money. For every 1% improvement in your customer retention rate, operating income will improve by 20% and just a 5% reduction in customer defections can lead to an 85% boost in profits. Companies that lead their markets in customer loyalty generate operating margins of 13%, while laggards had margins of just 2%? The bottom line is that customer loyalty is good for the bottom line! Read more »
Author: Laura Patterson
Why you should think long and hard before you include a mandatory binding arbitration provision in your next contract
posted on January 23, 2012
Imagine this, several years ago you entered into a contract with a manufacturer to distribute their product. Under the agreement you sell their product in an exclusive territory. Fast forward to today. The economy is difficult and sales are down. The manufacturer comes to you and tells you that, despite the slow economy, you are required to purchase far more product from them then you can ever hope to sell – to the tune of $2 million. They claim that the agreement provides for purchase minimums that must be met and any failure to do so would constitute a breach Read more »
Author: David Valenti
Regulating a Greener Business
posted on January 23, 2012
Regulations – at the local, state and federal level – all have an impact on the day-to-day operations of business. While we may accept that regulations can be good for society, the environment and business, there is usually a certain level of resentment in complying with them. They can be burdensome, difficult to understand and very time-consuming. Also, government agencies are often not held to the same level of service and accountability that private businesses are, making it frustrating to communicate with them and comply with regulatory requirements. Read more »
Author: Keith Ann Clotiaux
Debate over online piracy could cause Internet disruptions
posted on January 23, 2012
A proposed bill in the US House of Representatives and Senate is stirring up a fiery debate between copyright holders and technology companies. The bill is referred to as the “Stop Online Piracy Act.”. Read more »
Author: Michael Hunter
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