ShawnHessinger commented on the following stories on BizSugar
How to Protect Trade Secrets, Customer Lists and other Confidential Information
"Protecting info critical to your business is an important consideration in an economy where more and more business is information based. I do think you need to balance the need to keep trade secrets with the increasing trend toward making information free as an easier way to spread ideas. Spreading rather than being secretive about information requires a much more sophisticated business model but in the end potentially immensely more profitable if handled correctly."Recognizing Performance in a Tough Economy – How to Best Reward Stand-Out Employees
"Rewarding great employees should go in the same category as employee retention. Believing that, even with a tough economy, star employees cannot or will not move on somewhere else is unrealistic. This said, in tough economic times there are probably ways beyond the financial to reward and retain your best employees."How To Write A Winning Business Plan: 8 Tips
"Ivan, Thanks for the post, one of a number on business planning that seem to be finding their way into the BizSugar community lately. It's an important and often under discussed subject that entrepreneurs need to understand a lot better. Business plans have often been explained in such a formulaic fashion in the past, that I think most small business leaders have drawn the conclusion that they're just another hurtle to get through rather than an incredibly important and valuable tool. "Practical Business Planning – Create a Goal
"Tremendously important post, John. Thanks so much for sharing this with the BizSugar community. When I was running a blog on bootstrapping startups, the clarion call was that business plans had become unworkable, impractical things you created to gain funding for your idea. Hence, if, in bootstrapping, you eliminate the need for outside investment, you eliminate the need for a formal business plan. In retrospect, however, I think that this concept perhaps created too much negativity towards business planning in general as a valuable tool to get you where you want to go. In the end, I'd suggest the emphasis should be less on whether you need a plan and more on simply having the right kind."Apple iPad 2: Expect it by April, analyst says - CSMonitor.com
"Agreed, Martin. I think one of the appeals for the iPad is its halfway point between a laptop and a smart phone. Any move toward creating a more mobile environment for communicating, creating and consuming content and information fills an increasing niche. Thanks for sharing the report, Sashi."How to Avoid Doing Bad VC Deals
"Thanks Tony, Great post and great advice. Some entrepreneurs seem to view getting funded as an end rather than a means, something that I think is probably the most harmful attitude of all. The end is not to get investment in your company, it's to grow a healthy and profitable business. Ask yourself whenever pursuing financing whether what you are doing will serve this end."Is a PEO Right for Your Business?
"Outsourcing human resources and the basic management of your employees is an interesting idea but I wonder how it compares, in terms of cost and efficiency, with simply working with subcontractors. At first glance you might assume that the kind of jobs we are taking about are not the type of work usually suited for contracting. But, in effect, that's precisely what you are doing with the PEO. In this case they are the subcontractor and provide you with labor for a cost. One thing that is sensible about the arrangement is that almost no company (except maybe a PEO) would describe managing employees as their core business. So from this standpoint, hiring a PEO would help you focus more of your time and energy on your main business, the products, services or both that you provide for your customers. "1099-K Form & Small Business Tax Reporting
"Thanks Miranda, It may not be the sexiest topic in small business but still very important, especially for those of us doing business online. As you said, it may change very little in terms of your reporting assuming you've been including the covered income on your taxes all along. But it is one more form and another detail to attend to when preparing returns and something you and/or your tax preparer must keep track of. Great and to the point. "Subscribe
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Facebook Marketing: Use Your Facebook Status for Engagement
"A great way to conceptualize the status updates on Facebook (and for LinkedIn for that matter) is to look at them as similar to Tweets with "share" and "tagging" as roughly analogous to RT or tagging on Twitter and as with LinkedIn updates should be as much about sharing what others are doing as what you are doing or more. (Think 80/20) Become a source of valuable information not an endless advertisement. Thanks, Ryan! "