Top 10 Small Business Events from ChooseWhat.com
Ten recent events that made an impact on the small business world this week, compiled by ChooseWhat.com.
AUSTIN, Texas, June 6, 2012 /PRNewswire-iReach/ -- June has been a very busy month for startups and major corporations alike. Google, Yahoo and Bing are making major changes to their search functionalities and services, Facebook's IPO may not be as lucrative as originally planned, Groupon takes a step to increase it's monetary value with mobile payment solutions and much more. ChooseWhat.com, a small business resource has compiled some of the top business events and its effects on small businesses and startups to help business owners sort through all of the clutter and highlight the important facts. Here are the latest top 10 small business events you should know about:
- Yahoo releases Axis, a browser plugin and iOS app that seeks to redesign search by presenting users with visual previews of search results. Axis represents a shift from the "10 blue links" search model established in the late 90's, and all major search competitors are sure to follow. Small business owners will be wise to stay on top of the latest innovations that move away from webpage sharing and more directly toward document and information sharing. "This could majorly affect the click-through-rates for websites and should be monitored closely" says Amber Hauptman at FaxCompare.com. Read more at Fast Company.
- Social media behemoth Facebook goes public and its share price begins to plummet. The company's stock, which opened at $42, has lost at least 25% of its value and as of publication of this article is in the high 20's. Critics claim Facebook was not as forthcoming in their IPO prospectus with regards to their financial fundamentals as they could have been. Facebook allegedly made private statements to a small group of banking analysts about their revenue projections changing, but did not share this information with the public. Read more at Venture Beat.
- Daily deals website Groupon begins testing a mobile payment solution to compete with the likes of Square and PayPal Here. Groupon will charge a 1.8% transaction fee plus 15 cents for all transactions. Square currently charges 2.75%, and PayPal Here charges 2.7%. To further sweeten the deal and attract savvy small business owners, Groupon is offering an Apple iPod Touch with it's scanner while competing services only offer "dongles" to plug into mobile devices. Read more at Reuters.
- The U.S. Department of Labor backs a plan to allow entrepreneurs to continue collecting unemployment benefits while building a business. Oregon Democrat Senator Ron Wyden supports the bill, saying "We already know that unemployment insurance is an economic multiplier, but with self-employment assistance it can be a jobs multiplier too." The Federal plan is modeled after existing plans in Oregon, Delaware, Maine, New York, and New Jersey. Read more at Mashable.
- SpaceX becomes the world's first privately owned entity to dock a capsule with the International Space Station. Founded by PayPal and Tesla Motors founder Elon Musk , SpaceX represents "a new era in commercial space flight." according to one NASA official. The capsule carried supplies for the ISS crew, mostly food and clothing, and will return to earth with no longer needed cargo. Read more at PC Mag.
- North Carolinian silver, china, and glassware retailer Replacements Ltd. suffers a customer backlash after opposing that state's constitutional ban on gay marriage. Founder and 1986 Small Business Administration small-business person of the year Bob Page directed the company to lobby legislators and contribute money to causes supporting gay marriage, but customers responding with a bevy of hostile letters and emails expressing their disapproval of Replacements Ltd.'s support. The company, which was founded in 1981, now employs 450 people and has annual revenue of $80 million. Read more at the New York Times.
- IBM bans it's 400,000 employees from the use of cloud storage application Dropbox on its corporate network. IBM lists security concern as reason for the policy change. Some analysts argue that businesses of any size should restrict the use of consumer-grade cloud storage solutions in a business environment, while others see the adoption of services like Dropbox and Google Drive as inevitable. Read the continuing debate at Information Week.
- 19-year-old entrepreneur Eric Simons was caught squatting in AOL's Palo Alto office after two months of hiding while working on his educational startup ClassConnect. The teen, who had taken part in AOL's Imagine K12, a new education incubator, found that his access badge to the offices continued to work after the program ended. Simons claims to have only spent $30 a month during his stay. Read how Simons pulled it off at CNET.
- Screenwriter Aaron Sorkin is writing an upcoming film about Apple founder Steve Jobs . Sorkin, who won an Academy Award for his "The Social Network" screenplay, will base the script on Walter Isaacson 's recent biography of Jobs. This film is not to be confused with the Ashton Kutcher headed project "Jobs", which is also in production. Read more at The Huffington Post.
- Google introduces the Webmaster Academy, an educational resource for small businesses. The content will introduce such topics as: getting online for free, creating a Google places listing, making your site easy for Google to crawl, making great content etc. This resource should be a boon for small business owners who do not have expertise with marketing themselves online, but are eager to learn. Read more at Small Biz Trends.
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