the ceo magazine, business growth
Nell Merlino, CEO of Count Me In

Economists are predicting a year of economic growth for the U.S. economy but competition is tough for American businesses, especially for small businesses competing against a sea of big box competitors.  It’s important to note that many of today’s small businesses are owned and operated by women. They represent nearly 50% of privately held companies but only 2.6% of their businesses generate more than $1 million in revenue.*   So how can female entrepreneurs take advantage of the upswing in the economy and take their businesses to the next level?

There’s no time like the present for a strategic audit. Successful companies rarely rely on stable strategies and the best organizations adapt continuously to evolving market conditions. Indeed, companies rarely rely on existing endowments for sustained success. We are living through the End of Competitive Advantage.

Judd Hollas, Founder & Chief Inventor, EquityNet

Just some years ago the term “crowdfunding” was a foreign concept to many people who didn’t understand this new and alternative way to access capital. However, today the word has now become a part of the everyday business vernacular. In fact, businesses last year raised more than 5.1 billion dollars worldwide using this practice.

This is the time of year when many small businesses get inquiries from students about spring or summer internships. So do you hire or not? Should you pay interns? How do you find the one that might…just might… turn out to be your next employee? Over the years we have offered internships at various times. Some of them worked well. In two cases, the interns became full-time employees right out of college. One experience ended up quite badly. The student was arrested for sexual assault a year or so after he completed his semester with us.

It seems that everyone is focused on closing out 2013 and thinking about the New Year. There are countless media reports that look back at the big stories. There are editorials about what people want to change or accomplish in 2014.  Even though it might seem trite I wanted to add a little to the conversation.

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