Tuesday, June 4, 2013

10 annoying social media habits that could hurt your business

Nearly every small business has a social media presence, but they don't all know how to use it well. And that, my friends, means missed opportunities and the potential for driving customers away.

Don't know what you're doing wrong? Here are some warning signs Business Insider published, courtesy of Simply Zesty, a European marketing agency that specializes in online PR and social media.

1. Asking for shares or retweetsIt's needy, it offers no engagement and doesn't do anything for your cause -- the online equivalent, Simply Zesty says, "of going up to a bunch of strangers, screaming 'be my friend!' and expecting them to enthusiastically oblige." 

The people most likely to reply are your friends, and everyone else will ignore it and be annoyed by the begging. They might even unfollow you or hide your updates. You don't want that. 

2. Overcompensating for inactivity: If your small business doesn't have someone dedicated to managing your social media presence, it's easy to drop off the radar for a few days. While inactivity isn't good, many small business owners respond by overcompensating...potentially worse. 

Here's why: Fewer people than you think will unfollow you because you're inactive. In fact, you're more likely to get unfollowed if you clog up followers' feeds with triple the normal amount of tweets and updates, just to make up for your missed opportunities over the last few days. That faux pas is more noticeable. 

3. Ignoring requests: If someone asks for help or makes a query, respond as soon as possible. If it's too taxing to answer them as they come, allocate a window of time to respond to these inquiries. The longer you leave them untouched, the less likely you'll be to respond. 

4. Using distorted images: Sites need to be more visually appealing than ever, and cover photos and images are critical for solidifying your brand and audience. Learn what the different dimensions are for cover photos on social sites, such as Google+ and Facebook. (For some Simply Zesty tips, go here.)

Also, Facebook has grown more lenient on the rules about cover photos and promotional material, so if you're running a campaign, you may be able to fit some in, Simply Zesty says. More on those rules here

5. Like and share competitions: If you haven't heard, like and share competitions are against Facebook rules. So if you run them, you won't win fans among many agencies or other businesses.

This also ties in with asking for shares or retweets. These competitions aren't engaging with followers or getting people hooked on your content. "You're just asking people to hit a button...and expecting them to continue following you after that," Simply Zesty says. 

Also worth noting, a high follower count and disproportionate engagement actually means your content will be pushed further down the pecking order. So it's worth doing it right in the first place. 

6. Hastag overload: Though they're a great way to curate information, give context and categorize content to reach a particular audience, hashtags also can be easily abused. 

When using hashtags, a good rule of thumb is two to four per post -- two for Twitter and up to four for Instagram, where an image might appeal to a wider demographic. 


Add This Share Buttons
From Simply Zesty for Business Insider 
7. Too many widgets: This depends on your business and your audience, but the key is to look tidy. You want people to share content on your site (who doesn't?) but too many sharing buttons can be overwhelming for the reader and thus, counterproductive. 

Determine where you get your most shares and where they're most beneficial to you; focus your efforts there. If you're getting better interactions on Facebook and Twitter, maybe ditch the widgets for MySpace, Foursquare, Stumbleupon, Add This, etc. 


8. Syncing cross-posts: There are times you'll want to post content on more than one platform. When the occasion arises, do it manually. "Using a service like Tweetdeck to cross post tweets onto Facebook not only looks lazy, but it stands out like a sore thumb since it's so visually unappealing," Simply Zesty says.

9. Indiscriminate links within posts: When posting an article or video on your page, most sites will include a thumbnail with more details. Along with the thumbnail, Facebook includes the headline of the article and a link to it. So delete the link you initially pasted in the text.

There is an exception. Images have a greater chance of being interacted with, Simply Zesty says, so posting an image to catch attention could be effective. Images, however, aren't clickable, so providing an unobtrusive link is a good idea. (Use bitly.com or a similar service.) Just make sure you've got only one link in the text of the post.

10. Auto direct-messaging: It's tempting but try to avoid creating auto direct-messaging on Twitter to greet new followers or highlight something you're trying to plug. It's impersonal and it misses the point of what Twitter and social media, in general, are about: connecting on a personal level with people who wouldn't meet under normal circumstances. "Automating messages and sending them straight after someone hits the follow button is just spammy no matter how you slice it," says Simply Zesty.



Thursday, May 30, 2013

Hagan taps Charlotte entrepreneurial leaders for committee


Two leaders in the Charlotte entrepreneurial scene will serve on U.S. Senator Kay Hagan's recently formed Small Business Advisory Committee, according to a press release emailed today. 

 Serving as one of four co-chairs is Paul Wetenhall, president of of Ventureprise, a nonprofit business incubator affiliated with UNC Charlotte (formerly known as The Ben Craig Center). 

Astrid Chirinos, president of the Latin American Chamber of Commerce, is a committee member. 

The Small Business Advisory Committee is comprised of small business owners and advocates around the state who will advise Hagan on legislative issues and assist her in the developing policy proposals to support North Carolina's small businesses. 


Read more here: http://www.charlotteobserver.com/2013/05/10/4034920/sen-hagan-touts-bill-to-support.html#storylink=cpy


 The list of other committee co-chairs and members is below: 
 
Other committee co-chairs: 
  • John Cooper, Mast General Stores, Boone
  • Andrea Harris, NC Institute of Minority Economic Development, Durham
  • Oscar Wong, Highland Brewery, Asheville

 Other committee members:  
  • Brooks Bell, BrooksBell, Raleigh
  • Leah Brown, A10 Clinical Solutions, Cary
  • Jeff Frushtick, Leonard Automatics, Denver
  • Sam Funchess, Nussbaum Center for Entrepreneurship, Greensboro
  • Christopher Gergen, Forward Impact, Durham
  • Nancy Gottovi, STARWorks/Central Park NC, Star
  • Jim Johnson, UNC Kenan Flagler Center, Chapel Hill
  • Victor Lytvinenko, Raleigh Denim, Raleigh
  • Louise McColl, McColl & Associates, Wilmington
  • Sandra O'Connor, Allen Tate Realtors, Greensboro
  • Bernice Pitt, Ace Hardware, Tarboro
  • Larry Shaw, Shaw Farms, Wallace

Hagan was in Charlotte several weeks ago, touting a bipartisan bill she's sponsoring that would allow businesses to write off more of their commercial improvement projects each year. Here's that story. 

Thursday, May 23, 2013

And the "Crowns of Enterprise" awards go to...


 Four local businesses were honored Thursday night at the second-annual Crowns of Enterprise Awards ceremony, hosted by the City of Charlotte and Mecklenburg County. The businesses that won the award were recognized for demonstrating "exemplary leadership and sound business strategies." 

Here's are the winners and who accepted the award:

Small Business Enterprise of the Year: Tobin Starr + Partners, David Tobin and Steve Starr
 The Charlotte-based architectural and design firm, which was founded in 1999, specializes in community, corporate and consumer planning and design.


Minority Business Enterprise of the YearR.J. Leeper Construction, Ron J. Leeper
The minority-owned general construction company mentors subcontractors and involves minorities in all areas of projects. 


Woman Business Enterprise of the YearCrescent Construction Services, Traci Williams 
The minority and woman-owned firm specializes in commercial and industrial commissioning and project management.

Rising Star Business of the Year: Red Rooster Contractors, Milagritos Aguilar
Red Rooster Contractors is a small, minority, woman-owned residential and commercial roofing firm. The Rising Business of the Year award was presented to a nominated firm that demonstrated 
exceptional business practices and promising growth by the five member judging board of local small 
business community leaders.

"Small and minority owned businesses make-up the heart of our community and stepping-out to recognize them is the best way to encourage more entrepreneurs to step forward.," said Mecklenburg Board of County Commissioner's Vice Chair Kim Ratliff, in a statement.

Monday, May 20, 2013

Get the free 'How to Really Start a Business' guide


Want to start a small business? Check out the free e-book "How to Really Start Your Own Business." 

The updated guide was recently released by SCORE, a nonprofit that offers mentoring and workshops to new and growing small businesses, and The Company Corporation, which offers incorporation and business compliance services nationwide. 

The 30-page guide offers advice on the following: 
  • testing your idea to determine viability as a business.
  • securing a patent, copyright, trademark or service mark. 
  • establishing a compelling company name and URL
  • creating a business plan that will increase your chances of securing capital.
  • choosing the right business structure for company.
  • issuing shares and stock.
  • controlling cash flow and inventory. 

 Download the free e-book here

For info on the local SCORE chapter, visit http://charlotte.score.org/

Friday, May 17, 2013

Upcoming event: Developing Your Exit Strategy



Anyone launching a startup, should be considering their exit strategy from day one, says Terry Cox, president of Business Innovation Growth (aka BIG), a Charlotte-based advocacy group for entrepreneurs. 

That's why BIG is partnering with UNC Charlotte's Belk College of Business to host a "Developing Your Exit Strategy" event May 20 at UNCC's Center City Building. 

A series of panel discussions will highlight what to do to prepare for a strategic exit, as well as succession planning for a family-owned business. 

Topics include: 
  • What's happening in the merger and acquisition market.
  • What keeps deals from happening and how to get your house in order. 
  • Common mistakes entrepreneurs make when selling their business.
  • The sales process and determining a realistic valuation.


When: 1:15-5:30 p.m., followed by a networking reception at  Dixie's Tavern. 
Where: UNCC's City Building, second-floor auditorium, 320 E. 9th St.  
Cost: Free for BIG members; $65 for guests in advance; $75 at door; $30 for students. 

Details: RSVP to terry@bigcouncil.com or register at www.bigcouncil.comParking directions will be sent with registration confirmation email. 
        

Tuesday, May 14, 2013

Small-business owner confidence rose in April


After a drop in small-business confidence last month, the April Index of Small Business Optimism rose 2.6 points to 92.1, just above the recovery average of 90.7, according to a report from the National Federation of Independent Business released Tuesday. 

And yet, far more of the business owners surveyed still said they expect conditions to be worse in six months. 

“Small-business confidence saw an uptick this last month, but it was a ho hum, yawn, at-least-it-didn’t-go-down reading," said NFIB chief economist Bill Dunkelberg in a statement. "The sub-par recovery persists for the small business sector.” 

Corporate profits, on the other hand, are at record levels and the stock market hit new highs, Dunkelberg said.


Courtesy of the NFIB
The 1,873 business owners (all NFIB members) who responded to the survey in April were asked to identify their top business problem: 23 percent cited taxes, 21 percent cited regulations and red tape and 16 percent cited weak sales. 

Only 2 percent said financing was their top business problem. A quarterly break-out of top business problems by sector will be released next week. 

Here's a summary of business responses in various areas: 
  • Job creation: Positive, but lackluster. Small employers reported increasing employment in April by an average of 0.14 workers per firm -- a bit lower than March's reading. Six percent of respondents said they plan to increase total employment. 
  • Hard-to-fill job openings: Forty-nine percent of owners surveyed said they hired or tried to hire in the last three months. Of those trying to hire, 38 percent said there were few or no qualified applicants for their open positions. 
  • Sales: There are still more firms reporting declines in the first quarter of 2013 than those reporting gains. But the net percent of all owners is smaller than it was in March (-4 percent in April, versus -7 percent in March.)
  • Earnings and wages: Only 19 percent of small employers reported raising compensation. Three percent made reductions in worker compensation. 
  • Credit markets: Of the respondents, 31 percent said all their credit needs were met. Fifty percent said they did not want a loan. Only six percent reported that their credit needs were not met, only two points above the record low.
  • Capital outlays: The frequency of reported capital outlays over the last six months fell 1 point to 56 percent, after rising steadily in small increments since January. Twenty-three percent have capital outlays planned for the next three to six months, a decrease of two points. 
  • Question of expansion: Only four percent of respondents said the current period was a good time to expand -- a historically very weak number, unchanged from last month. Of those who said it was not a good time to expand, 62 percent cited economic conditions and 24 percent cited the political climate. 
  • Inflation: Twenty percent reported price increases (up two points) and 15 percent reported reducing their average selling prices in the past three months (down two points). Looking at the next few months, 21 percent plan to raise average prices and three percent plan reductions -- both unchanged from March's report.
Download the complete report here





Tuesday, May 7, 2013

Local startups project more jobs, nearly $1 billion in revenue


The results from the second annual Charlotte-area Entrepreneurial Growth Index came out Tuesday morning, and the numbers are encouraging, says Terry Cox, president and CEO of Business Innovation & Growth Council (BIG), which conducted the study. 
The index is a measure of the health of the region's entrepreneurial companies, and this year's findings are based on the responses of 120 local startup companies. 
Here are some key findings: 
  • Projected revenue for 2013 is $960 million, an 18 percent increase over 2012 revenue of $817 million  and a three-year average growth rate of 37 percent. 
  • a 24 percent three-year average growth rate in employment, including full-time, part-time and contract positions, with a projected 928 employees. Forty-two percent of those are contractors. 
  • The average headcount per company is now 49 employees, with an average weighted salary of $54,000. In 2012, the average headcount was 30 employees per company with an average salary of $55,000. 
  • Funding sources for businesses surveyed:
    • 56 percent: self-funded. 
    • 19 percent: angel investments. 
    • 13 percent: bank financing. 
    • 5 percent: private equity.  
    • 2 percent: grants. 
  • Twenty percent of the companies were founded in the past two years. Fifty-two percent are less than 5 years old. 
  • Of the respondents, 84 percent are located in Charlotte, while 16 percent are in the outlying cities and towns. 
  • The breakdown by sector: 
    • 47 percent: technology.
    • 11 percent: business services.
    • 8 percent: technology-based education.
    • 7 percent: health care.
    • 5 percent: retail.
    • 5 percent: marketing.
    • 4 percent: transportation and distribution.
    • 14 percent: other.