Business Blitz: Why Nine Out Of Ten Businesses Fail

by Extreme John on October 11, 2011

Good morning small business owners! It’s time once again for the Business Blitz here at Extreme John before the weekend!  Today I’ll cover a number of small business tips which include: 10 Essential PR Tips for Startups, Why 9 Out Of 10 Businesses Fail, How to retain customers when relocating your business and Caution: Do Not Poke the Giant.

Hot Business News For October 11, 2011

Success and Failure in Small Business

First up this morning: 10 Essential PR Tips for Startups. Starting up any business can be difficult, especially when you don’t have a lot of experience when it comes to PR. PR is a huge part of making a business a successful one and this article covers ten things that you should know when you go in to your own startup including: knowing what’s newsworthy, having a concise and value driven message and customizing your pitches.

Next up this morning: Why 9 Out Of 10 Businesses Fail. Starting up a business one of the biggest concerns that many small business owners have is the possibility that they might fail. This article covers a number of reasons why a large portion of businesses do fail including: Don’t become too process oriented, Don’t stop innovating and Don’t be afraid of uncertainty.

Also in news this morning: How to retain customers when relocating your business. When you own a small business there are times when relocating is necessary and while it can be a frustrating process there are steps that you can take to ensure that you retain customers. This article covers a number of ways that you can help to retain your customers including: Develop a relocation marketing strategy, plan a grand opening and notifying local networking organizations.

Last up this morning: Caution: Do Not Poke the Giant. This article covers Groupon and whether or not they would have been better off selling to Google rather than competing with Google Offers. According to the latest news Groupon is starting to sweat it after they thumbed their nose at Google since they have lost some 28.56% of their traffic. What are your thoughts? Should Groupon have sold to Google?

Final Thoughts

My favorite article from this morning is the article on PR tips because I have not always been a PR machine but over the years I have read a number of tips that have really helped me to grow my business.

Your Turn

What is one PR tip that you would share if you had to share one? Leave a comment below and share your thoughts.

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{ 5 comments… read them below or add one }

safaridave

Hell Yah they should of SOLD.
I know internet traffic and loyalty can be some what of a fad, so if you come up with a great concept and its a huge sucess (Groupon),
then GTFO (get the F,,k out) when someone offers you a boatload of cash. I have seen so many hold on to long and lose $$ as the end result. Why try and fend off a new competitor when they offer you $$ and you could be sippin drinks and relaxing on the beach with no worries.

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Extreme John
Twitter:

Turn and BURN baby. Turn and burn.

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David Josh
Twitter:

haha when i read that groupon said No to google, i thot oh this is gonna get ugly and soon after we see Google Offers !!
be ready groupon, we are gonna hear you more around in the news now :p :p
David Josh recently posted…VIC Government Takes Action on Union ActionMy Profile

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Extreme John
Twitter:

Groupon seems to be falling from grace almost as quickly as Netflix, let’s see where it’s at in 6 more months. From billions to boring.

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Deimar
Twitter:

I believe than one of the biggest challenges for startups is to determine an appropriate niche. Even when Niche specialization may be a proper strategy to differentiate and compete against larger rivals, the niche should be large enough to let the company grow and be profitable.
Deimar recently posted…7 ideas you must consider when creating a new businessMy Profile

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