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Six Hurdles Small Retailers Face During the Holiday Season

Blogged By: 
SBA News
Created on December 3, 2014
 

Holiday ShoppingLocally-owned small retailers can earn 50 percent or more of total annual sales during the critical holiday shopping period between Black Friday and New Year’s Day. The business choices made during this important period can have direct effects on a small firm’s cash flow for the entire year. The SBA surveyed several business counselors from the Colorado Small Business Development Centers and SCORE to compile this list of the top six hurdles small retailers face during the busy holiday shopping season.

Lack of inventory control. Inventory control is crucial for all small retailers, especially during the busy holiday sales months. It is important to remember that inventory equals profits, and knowing how much product to order, when to order it, and what items to order can make the difference between having cash in the bank or aging inventory on the shelves.

Discover Global Opportunities for Sustainable Solutions

Blogged By: 
MBDA
Created on December 2, 2014
 

Discover Global Markets: Sustainable SolutionsMake plans to be in Silicon Valley, February 9-11, 2015, to kick off the first Discover Global Markets conference of 2015 – Discover Global Markets: Sustainable Solutions.

The U.S. Commercial Service, in cooperation with NASA, will host a dynamic, three-day business forum focused on opportunities for U.S. companies to meet global demand for sustainable solutions. Discover Global Markets:Sustainable Solutions will focus on the link between advanced research and innovation, global business and planetary sustainability.  Countries worldwide are implementing business practices and standards to conserve energy, preserve clean air and water, and use land more effectively. U.S. companies can take advantage of these opportunities by offering world-class technologies, services, and products. 

Register for the India Smart Grid Workshop Series

Blogged By: 
MBDA
Created on December 2, 2014
 

India SmartGrid WorkshopsThe U.S. Trade and Development Agency (USTDA) is sponsoring an India Smart Grid Workshop Series to bring together U.S. and Indian power sector stakeholders for future project implementation. The workshops and site visits will assist Indian utilities to address their growing power needs through a better understanding of U.S. grid modernization, demand side management, and renewable energy integration technologies, as well as the policies, best practices and financing mechanisms to support project deployment.

The first one-day workshop will take place on Tuesday, December 9 in San Francisco, CA. In addition to the workshop, the Indian delegation will participate in a series of roundtables, utility site visits and meetings in San Francisco, CA; Portland, OR; and Washington, DC from December 8-17, 2014. The follow-on workshop is planned for March 2, 2015 in Bangalore, India to further highlight U.S. smart grid technologies and best practices including the key findings from current USTDA smart grid grant programs in India. The workshop will take place prior to the India Smart Grid Forum currently planned for March 4-7, 2015.

Give Thanks to Your Customers

Blogged By: 
MBDA
Created on November 26, 2014
 

Thank you!For retailers, this time of year is a hum of activity preparing for holiday sales. While B2B companies may find the holidays a slowdown, rather than a time of intense activity, smart B2B entrepreneurs will seize the season as an opportunity to build relationships with customers. What better way to do that (and what better time of year to do it) than by rewarding your loyal clients for their business?

A study by Loyalty360 reported in MarketingProfs, more than 44 percent of B2B marketers say at least 60 percent of their new sales come from current customers.

Rewarding B2B customers is a bit different than rewarding B2C customers. You can’t exactly offer a company a “Buy 10 software system installs, get one free!” punch card. Discounts don’t work as well for B2B customers. Instead, try the opposite tack: Rather than providing products or services for less, reward your regular customers with something extra. Here’s how.

Tips for Success: Copyrights, Patents, and Trademarks

Blogged By: 
MBDA
Created on November 25, 2014
 

Intellectual Property Webinar Series

Helpful TipsThe Minority Business Development Agency (MBDA) and the U.S. Patent and Trademark Office (USPTO) will co-host a free webinar series to help business owners understand the intellectual property process, starting on Tuesday, December 9.

To join the event:

  • To participate click here to join the webinar.

  • To join the audio, call-in toll number: 1-650-479-3208; Follow the instructions that you hear on the phone. Your Cisco Unified MeetingPlace meeting ID: 996 407 651

Register today!

This three-part webinar series will provide participants with insightful tips for success on getting a patent or registering a trademark or copyright. Tune in and get answers from USPTO and U.S. Copyright Office senior intellectual property experts Elizabeth Dougherty, Anthony Knight, Susan Anthony, Craig Morris, and Sylvester Simpkins. The information shared will help you protect and promote your intellectual property rights.

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