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10 Networking Questions That Work

Wednesday, October 13th, 2010

Posted By: Andy Willoughby

In a recent post by Ivan Miser on Entrepreneur.com, Miser highlights 10 networking questions from his friend, Bob Burg. He encourages everyone to use these tips when networking with others.

shaking hands 300x198 10 Networking Questions That Work

Bob Burg’s 10 Networking Questions That Work Every Time

1.  How did you get started in the (______) business?

2.  What do you enjoy most about your profession?

3.  What separates you and your company from the competition?

4.  What advice would you give someone just starting out in the (______) business?

5.  What one thing would you do with your business if you knew you could not fail?

6. What do you see as the coming trends in the (______) business?

7.  What significant changes have you seen take place in your profession through the years?

8.  Describe the strangest or funniest incident you’ve experienced in your business?

9.  What ways have you found to be the most effective for promoting your business?

10.  What one sentence would you like people to use in describing the way you do business?


Steps To Obtain Your Best Social Media Strategy

Wednesday, October 13th, 2010

Posted By: Andy Willoughby

Today, social media makes it easier for entrepreneurs and business owners to raise awareness about their products, grow businesses and reach out to business prospects. It is a simple tool that is essential in today’s business world.

SocialMediaLandscape 300x225 Steps To Obtain Your Best Social Media Strategy

In a recent article on  www.businessinsider.com, nine steps to social media strategy were revealed.

  • Get focused and identify goals. Social media is the realm of public opinion and customer conversations. If you don’t have a clear idea of why you are there, anything you measure will be useless. He suggests you begin with the “big three” business objectives of higher revenue, reduced costs, and improved customer satisfaction.
  • Get attention and reach your audience. Measuring message delivery in social media is a lot like measuring it in classic advertising, so classic metrics apply. With social media, it is also important to identify how many people see your message as remarkable. That leads to the extra reach of word-of-mouth, commenting, and telling their friends.
  • Measure respect and find influencers. Your task now includes reaching the people who are key influencers, and understanding their impact. Therein lies the multiplier effect. Your message multiplier velocity and reach are the signals that your offerings have the right scope, spread quickly, and resonate with your target audience.
  • Read More:


    Seattle Entrepreneur Introduces Innovative Hotel

    Wednesday, October 6th, 2010

    Posted by: Andy Willoughby

    I would like to share an article published by Jennifer Wang of Entrepreneur Magazine which reflects on creative new age techniques that one entrepreneur has used to get his business noticed. Alex Calderwood has created a new style of urban hotel which is pitched not as a place to stay while on vacation or business trips, but as a lifestyle.

    Picture 541 232x300 Seattle Entrepreneur Introduces Innovative Hotel

    Calderwood’s visionary ideas, to name a few, incorporate the option for guests to purchase a hotel room that comes with a Brita water filter and a pair of special edition Converse sneakers.  ”Ace Hotels reflect Calderwood’s individualistic spirit. Seattle’s Ace–the chain’s first–is like nowhere you’ve stayed before. Located in a bustling downtown bar district, the hotel has unobtrusive double glass doors that open onto a flight of stairs leading up to the front desk and narrow hallways that resemble a modern art installation.

    Read More:


    Four Steps to get Entrepreneurs on the Road to Success

    Wednesday, October 6th, 2010

    Posted by: Andy Willoughby

    The road to becoming successful has always been hard, but here are four steps to ensure entrepreneur success by Entrepreneur.com author Kim Kiyosaki titled “The Four Keys to Raising Capitol”.  ”The key to raising money, whether it’s to start or expand your business or to purchase and operate a rental property, comes down to four factors:”

    The Project

    The Partners

    The Financing

    The Management

    Picture 53 212x300 Four Steps to get Entrepreneurs on the Road to Success

    “If you can show a prospective lender or investor that you have command over these four pieces of the puzzle, then selling will not be an issue, and you will attract more money than you thought possible.”

    Read More:


    Entrepreneur Andy Willoughby featured in Jennings Social Media Marketing newsletter for April 2010

    Monday, April 12th, 2010

    I wanted to share a new video being featured in Jennings Social Media Marketing newsletter for April 2010. It discusses what I think is the reason so many people are in debt and ways to improve your personal income from your own home.

    Entrepreneur Andy Willoughby and founder of the 3 Step Plan home-based business system is featured in Jennings Social Media Marketing newsletter for April 2010. Valerie Jennings, CEO of Jennings Social Media, wanted to interview Willoughby on the economy and the importance of living debt free. Willoughby is a friend and client of Jennings, so she felt comfortable featuring Willoughby because of his insights regarding building home businesses and addressing the need to live debt free. In the interview, Willoughby discusses what it takes to achieve financial success even in times of a recession, how to build a business, where to begin and why being an entrepreneur is the best financial route to success and freedom.

    Picture 5 300x181 Entrepreneur Andy Willoughby featured in Jennings Social Media Marketing newsletter for April 2010

    “Well the reason I think so many people are living in debt is just the challenge of what the society has set forth. I mean, today’s society has been promoted to live the “American Dream.” So people are searching for this dream, and debt is easy. There’s two ways to avoid being in debt. You either have to spend less money or make more money. I think the easiest way to actually be able to increase your income is to become an entrepreneur and develop your own business.”


    With April being Tax month, Use the Recovery Act’s Loss Carryback Provision

    Thursday, April 8th, 2010

    Posted By: Andy Willoughby

    It’s April, and that means the tax deadline is right around the corner. As I was reviewing Business Week’s daily tips for small businesses I came across this information which I feel is very beneficial for small businesses.

    Use the Recovery Act’s Loss Carryback Provision

    The 2009 tax deadline is quickly approaching. Balancing the demands of running your business with preparing a complicated tax return can be a daunting task, especially with new tax laws in place.

    Enacted as part of the American Recovery & Reinvestment Act of 2009, the loss carryback provision extends the opportunity for small businesses to take those losses and offset income from five years instead of two. To qualify for the five-year carryback provision, a small business must have no greater than an average of $15 million in gross receipts over a three-year period that ends with the tax year of the net operating loss. It is available to corporations and companies organized as a partnership, sole proprietorship, or S corporation.

    If you haven’t filed your taxes yet, the loss carryback provision is helpful to keep in mind when filling out forms 1045 and 1139.

    Peter Bingaman
    Vice-President, Small Business Services
    Deluxe
    Shoreview, Minn.