Wednesday, June 29, 2005
Attracting Key Staff
I'm glad to welcome one more blog to my "covered blogs" list: The Entrepreneurial Mind (yes, there are more than one blog with this title). Author of the blog is Jeff Cornwall who is Director of the Center for Entrepreneurship at Belmont University.
Here comes it's first good post covered by BizBlogs:
The Entrepreneurial Mind: Attracting Key Staff:
Growing companies find the need to add key managers, but often find it hard to offer competitive salaries. Does that mean they cannot compete? Not necessarily.
One of the ways that smaller companies can compete for staff is to make them convenient and flexible places to work by offering perks that employees want. StartupJournal has a good overview of the types of conveniences that many growing companies offer, including on-site laundries, haircuts or car services. Many of these the employer simply has to make them available, as the employees pay for the actual services provided, so the cost is minimal.
The Life Sciences in New York State: More on India
I just started to cover one more blog: The Life Sciences in New York State.
And here comes the first noteworthy post from there.
The Life Sciences in New York State: More on India: Having an MBA, this one really hit close to home. Quoting from Prestowitz, page 100:
Morgan Stanley long ago moved its back office operations to India to take advantage of the time difference and Indian salaries. Recently, however, it has moved about fifty of its analysts to India as well. Analysts are MBAs who do research and analysis of corporate financial statements, business plans, and execution in order to make investment recommendations on various stocks and bonds....guys who do it earn $80,000 a year and up in New York...Their American managers told me they (Morgan Stanley India) also work harder and make fewer errors while earning only $20,000 a year. [Emphasis added by me]
Tuesday, June 28, 2005
OnlineTrading knows how to sum it up: Google, video and podcasting (and eBay)
While reading Seth's Blog: Google, video and podcasting I ended up reading one of it's trackbacks: Trading Online: Is Google the next eBay? Interesting toughts about similarities between google and eBay hype at the stock-market. Quoting Online Trading: "Look at the eBay (EBAY) chart below, I think it's similar to Google story. eBay managed to rally more than 2 years from $13 to $59, but then crashed on earnings report and gapped down 16%, currently it's trading at $33, nearly 50% below all time high."
Monday, June 27, 2005
More Fun with Google Wallet
BusinessWeek Tech Beat: More Fun with Google Wallet: Forrester Research analyst Charlene Li has some interesting thoughts about what Google might do with the online payment system it's supposed to be working on. I'm not so sure many people want to hassle with micropayments, but her suggestions about paying for subscriptions and for new kinds of content created by individuals make sense.
Meanwhile, one reader, Brian C. Bock of Iacta LLC offered up some examples of how eBay's PayPal may be leaving an opening for Google (although Google CEO Eric Schmidt says whatever his company does won't compete directly with PayPal, as we surmised last week).
"My company uses PayPal as one of the payment methods for our online
game service. The problems with PayPal are many. First, they annoy our
users. We want to accept their payment method, but to do so, our users
are encouraged to sign up for more than the payment. They are nagged
about credit cards. They are asked for optional info that's not needed
for the transaction.
Wednesday, June 22, 2005
Don't Let Your Startup Kill You
Business Opportunities Weblog: Don't Let Your Startup Kill You
A recent British study confirms what entrepreneurs have long suspected -- the stress of starting a business can take a heavy health toll. If you ever feel like you're working yourself to death, it may be more than just your imagination.
Running a business can take a significant toll on your health and personal life, according to new research.
A study by MYOB UK, a London-based business-software maker, found that nearly 70% of the 400 entrepreneurs surveyed feel their companies are adversely affecting their health or personal lives. "Quite often, people go into business because they want control of their own destiny, they want to make money, or they just want a change in lifestyle," says Simon Smith, MYOB's general manager. "And what we found was that the reality tended to be quite different."
Mapping performance reviews
Slacker Manager: Mapping performance reviews:
Dwayne, over at Genuine Curiosity, has a great idea about mindmapping performance reviews. His example uses MindManager (which I still covet, but haven't tried for fear of having to purchase once I do), but I'm guessing that even FreeMind would do a passable job at this.
Monday, June 20, 2005
Google Vs. PayPal?
BusinessWeek TechBeat: Google Vs. PayPal?: The Wall Street Journal is reporting that Google plans an electronic payment service that may compete with eBay's PayPal. If that's true, I doubt Google would be dumb enough to take on PayPal directly--especially as PayPal has started to broaden its reach beyond eBay. PayPal's hardly perfect, but it has such a headstart on online payments that it would be very hard to dislodge it very quickly--as Yahoo!, several banks, and even eBay itself (with its Billpoint service, discontinued when it bought PayPal in 2002) found out. PayPal spent hundreds of millions of dollars building trust, navigating regulatory agencies, and honing antifraud techniques, and that's going to be hard to duplicate quickly.
Marketing has a marketing problem
Here's what the email I got the other day said:
"...always assumed you were a blowhard who didn't know his ass from his elbow, because you present yourself as a marketing guru and I find that those who say they are marketing gurus seldom know anything about marketing."
Name a cellist. Did you say, "Yo Yo Ma"? Of course you did. There are other cellists that might be as good in some ways, but you don't know who they are. Could it be because Mr. Ma knows something about marketing?
Thursday, June 16, 2005
Style Points for the New Guy at HP
Everyone knows that when a new boss arrives in the corner office, that his or her personal style counts a lot. And it counts even more at companies with proud old legacies, such as Hewlett-Packard Co.
It certainly did for former CEO Carly Fiorina. While most HPers were initially thrilled to have the charismatic Lucent sales chief come aboard back in 1999, she quickly began to rankle much of the rank-and-file. Her grandiloquent speeches sounded great at first, but their impact soon faded with many of HP's engineering-minded troops--many of whom prefer their technology talks metaphor-free. Fiorina further hurt her cause when she agreed to appear in a TV ad, standing in front of a mock-up of the garage where Bill Hewlett and Dave Packard founded the company in 1938. That was near-blasphemy in a company in which "self-promotion" had long been a four-letter word. And as HP's fortunes faded, Fiorina came under criticism for all manner of transgressions--including one that her critics couldn't miss when they entered HP's Palo Alto headquarters: a portrait of Fiorina, hanging right there next to those of the revered Hewlett and Packard.