Bloggy Business Today

Are you one of those people who are enthusiastic with social networking service? What is your insight to social networking? The said service has known in creating online communities in which People shares similar interest, school, friends, company and other different categories.

Here are the short lists of social networking sites:

1. Facebook - considered as one of the well-known site in the internet community. The site offer different features such as chat, posting ads, etc.., which I think makes them famous. You can check them here, http://facebook.com
2. Twitter – It offer social networking and free micro-blogging service. Twitter has known in their tags “What are you doing?” and “Followers”, for more information visit, http://twitter.com/.
3. MySpace – features Blog, MySpace mobile, uploading Music, Videos and photos and your own websites. For details check, http://www.myspace.com/
4. Hi5 – It is said to be Alexa’s 25^th most popular site. Find out why here…http://hi5.com
5. MyYearbook – content is similar with other social networking site. Most of their members came from United States. Here is the link to their site, http://www.myyearbook.com/
6. Classmates – It helps you find your old friends in your school days, from kindergarten to college. According to them, the site has 40 million members, records shows how popular the site is. You can find them at, http://www.classmates.com/.

By discussing the usual content of social networking site, I am sure some of you who are still not a member of any of them may got curious and do want to be updated in the circle. To be a member of social networking websites is very easy, just register your email address, verify the registration and create your profile.

What are the reasons why social networking site attract many users? Here are some of the reasons I got to various users.

1. Membership is free.
2. Some of them gives you the opportunity to do own blog, port and lets you chat within the site.
3. A chance to meet old friends, classmates and officemates
4. It is one way of getting an update to your colleague
5. Meeting new Acquaintances through a Network
6. An Effective way of Marketing

Social networking website is getting popular each day. Thousands of users added everyday, because of that selected social networking sites offer paid advertisement, such as MySpace and facebook. Advertisers have faith in social networking sites. They are assuming to gain revenue by placing their ads to the sites, relying with the popularity of social networking service.

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Today, companies both big and small are feeling the brunt of a problematic economy, seeing their original business plans deteriorating as we brace ourselves for the worst economic storm seen in ages. If before we saw businesses trying to outdo one another with their own marquee business strategies, today the need for a new breed of businessmen and entrepreneurs to put their minds together seems to be a prime requirement.

For one, it is not all about coming up with the monetary support due for business. It is still a requirement but no longer the only need for anyone to go into business. Normally, having the right capital outlay would be sufficient, leaving it up to the management of the business to make a difference that includes ideal marketing approaches to spell the difference.

Today, it needs more than that. Marketing would depend heavily on the research made, data gathering and of course tuning into the proper channel relevant to the business concern to click and help flourish business enterprises. Advertising and promotional tactics have taken a nosedive and has been found to be falling short, thus making business management lean towards new approaches to make it be effective.

So for businesses and entrepreneurs, here are some tips that should be considered today:

1. Go for a long term goal rather than a short term profit plan
2. Put costs to a minimum without sacrificing quality.
3. Tweak the business model in a way that will not compromise the stature that you have in mind for the entity.
4. Make a daily check of all the business components and be more adept and aware if they are being attended to.
5. Hire efficient people and do recruitment screenings by considering their actual qualification and experience.

It will be a nightmarish time for everyone and the best thing to do is try to hang on to that lifesaver for as long as we can. Keep waddling and before you know it, you can proudly say that you survived the worst recession with the business plan or business model you have grown to rely on.

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Let us take a look at the healthcare sector. With recession and businesses faltering one by one, surely you can notice which companies are still floating on water. What is their secret? Well for each business lies a secret and they are not the same as the success stories of other business empires.

As far as brilliant companies are concerned, there are over 100 acknowledged to be successful. And among them include MxSecure, the fastest growing provider of medical transcription services to medical practices as recognized by Inc. 5000 - serves thousands of health care providers in over 600 medical facilities nationwide. MxSecure clients include physician and group practices, community health centers and multi-state, multi-specialty clinics.

In Entrepreneur Magazine’s annual “Hot 100″ issue, Editor-in-Chief Amy C. Cosper says they first identified 10 hot market segments, “sectors that are defining and juicing the new economy…,” then they “sniffed out 10 innovative companies within those industries that are reaping the fruits of their brilliance.”

In their assessment of the $2.4 trillion healthcare sector, the magazine told their monthly audience of 3 million why MxSecure is one of 10 healthcare companies to watch: “With a presidential mandate calling for electronic medical records, MxSecure, which transcribes records using a 24-hour Internet-based system, is poised for growth.”

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Today, the value of human labor has become the most critical part of being a productive company. Businesses up today are standing on thick foundations mainly because their manpower resources are clinging on to dear life and of course want to make sure that they do their job to the T.

On the other hand, how do you keep them happy? Is compensation or money enough? Today, job security goes way beyond the usual pay. Benefits and of course assurance that they are not going to be cut off linger in their minds. But is that all?

Well for companies, here are some tips you may want to consider. Value your manpower since they can make or break business operations and play the difference between success and bankruptcy.

1. Enable employees to balance work and personal life. Allow flexible starting and finishing times.
2. Consider telecommuting when personal issues arise. As long as their work is getting done, trust them, don’t micromanage.
3. Allow for casual attire when clients are not on site, particularly in the summer when it can be uncomfortable to wear formal business attire.
4. Make the workplace a pleasant place to work with music, water bubblers, coffee/tea facilities, and complimentary snacks from time to time.
5. Involve staff, whenever possible, in decisions that affect their jobs and the overall direction of the business or department. Keep them in the loop.
6. Reward hard work, even small goals: there’s no point in waiting until the year-end bonus, it won’t keep anyone going for an entire year. People need short term rewards.
7. Offer to help your staff when they feel overwhelmed. If you cannot help, just acknowledging their workload can go a long way.
8. When you give constructive criticism, ask for it in return.
9. Schedule weekly meetings that are held consistently in person. Allow for open dialogue and privacy to allow the employee to speak openly.
10. Have offsite meals at least once a month for team building and to show appreciation.

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Does an MBA Degree even have value in career paths today? This has been long thought about, even before the recession started to sink in. And while today many still take an MBA Degree, it seems that professionals who want to excel in their career must add something more; FLEXIBILITY.

True enough, it does seem that carrying an MBA degree around does not constrain you to the business and management sector. You have to be open to bending your knowledge a bit to be able to fit in.

Unlike in the latter years where an MBA degree is looked upon as something that makes graduates stand out before the usual corporate people, today it seems that there is no more distinction.

For some, the financial meltdown forced them some to consider different industries, different locations, and even different career paths and turned them on to new professional challenges. For others, the recession caused them to reevaluate their priorities and determine what they wanted to do with their lives – often trading jobs with status and hefty paychecks for careers with a positive social impact.

“Students became more reflective of their job choices as the market shifted and have made very thoughtful decisions,” says Jackie Wilbur, head of Sloan’s Career Development Office.

Wilbur estimates that 80-85 percent of the class will have an offer by graduation. This represents a 5 percent decrease from last year at this time, but is in line with the school’s results during the last severe downturn in 2002.

At a time when Wall Street is downsizing many soon-to-be Sloan graduates – including Ilissa Schild - say the economic downturn broadened their horizons beyond the finance industry.

“Just as employers are more selective, we can be more selective too.”

This summer, she will start a new job at First Act, a Boston-based company that makes musical instruments from entry-level drums for kids, to custom guitars for expert players. Schild, who grew up in a musical family and has played guitar since she was 12 years old, will look at new technologies for their line of interactive musical toys.

“This is an opportunity to be creative, to innovate, and to apply technology in new ways,” she says.

(Source) Press

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