Archive for the ‘Small Business’ Category

McIntel-Intel buys McAfee

Unless you really live under a rock( or you’re in a place where you don’t have a cell signal[but, really who doesn’t nowadays? On vacation recently, my father and I saw this one man hiking in El Yunque, Puerto Rico(the U.S’s only rain forest) talking on a cell phone]), you’ve probably heard about Intel buying McAfee for about $7.68  billion(figure courtesy of news channel 8 Portland). Now why would Intel buy McAfee? To get into the security market of course. Traditionally Intel’s core market has been PC processing, however due to the recent economic changes, Intel has decided to branch out into the security market.

What does this mean for us consumers? Apparently Intel has indicated that the impact of the purchase won’t be felt until 2020. Why? Well Intel is most likely planning on putting McAfee’s software on it’s chips. This would better protect cell phones, tablets, e-readers other mobile devices that can connect to the internet. That would make it easier to protect user’s personal data, on those devices where security products can’t be installed easily.

What does this mean for small businesses? Well, according to Intel, it’s to better protect the systems from threats.  After Operation Aurora, Intel decided to up it’s  security measures. Operation Aurora revealed gaps in how protected one’s data really is and Intel has made the deal to step in and try to fill that gap. Therefore down the road, with McAfee software on Intel’s chips, small businesses could assure their customers that their data is well protected.

With this deal, Intel has made security a top priority and has sent our the message that security is more important than ever. Since the internet is changing minute by minute, companies are beginning to change the way they view security and are taking measures to update and upgrade their security measures. And as for the consumers, tools such as McAfee and Kikscore are helping protect against hackers, identity thieves and all the other bad guys out there.

So what are your opinions on the deal and what does this mean for small businesses and consumers?

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Archive for the ‘Small Business’ Category

iTunes Shopper Fraud, Overstock News, New Denver 4G Service and Another Sign the World May be Coming to an End

iTunes Shopper Data Leak – I was reading in TechCrunch the other day about how some fraudsters apparently hacked into the iTunes accounts of some customers that had their accounts attached to Paypal for payment and purchased thousands of dollars worth of music, videos, and applications.  It sounds like this was due to a glitch in the iTunes software and that Apple has agreed to make things right with the customers that were impacted but this is a reminder that money sitting in a Paypal account is essentially the same as a debit card attached directly to your bank account.  If someone gets a hold of your Paypal credentials, your actual money can be stolen instantly so shoppers should be very careful where they allow their Paypal information to be stored.

Overstock Starts a New Shopping Site – Overstock, a publicly traded company, announced yesterday that they are opening a new “private” shopping club site that will offer exclusive deals on certain brand-name merchandise on a rotating basis every 24-72 hours.  This new online store called Eziba should compete with the likes of Vente Privée, Beyond The Rack and One Kings Lane.

Downtown Denver has 4G Service Through Sprint – Like I mentioned in a previous post, I have been the happy owner of a Sprint HTC EVO 4G for almost 3 months now and have been waiting with baited breathe for Clearwire and Sprint to activate their 4G network in Denver that they promised “before the end of 2010”.  Well, nobody is really saying anything yet, but I now get 4G service throughout the downtown Denver area and am loving it!

The Situation Commands $5 Million this Year – I try to stay away from tabloid-type news in my posts here but I just couldn’t stay away from this…in a sign that the apocalypse is near, Mike “The Situation” Sorrentino from the MTV reality series “Jersey Shore” is reportedly pulling down over $5 million this year from endorsements and salary.  Something is wrong with the world when a guy can make that kind of money for making out with trashy women in hot tubs and getting drunk in night clubs!

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Archive for the ‘Small Business’ Category

Small Business & Entrepreneur Tips from Whitney Zimet of I Am The Maven

Today’s small business interview is with the fabulous Whitney Zimet of I Am The Maven. Whitney runs a really cool site that connects moms with local deals.  Some of these great deals include offers at cool restaurants, fun family activities, shops and even online deals on a range of items.  Whitney has taken her super diverse professional experience including a stint as a corporate marketing executive at Redken and she over the last 14 years has lived in LA, NY, DC, Ann Arbor, Atlanta and now Miami.  It was during these last 14 years that people started calling Whitney “The Maven.” So in 2008 she tapped into her small business, startup and entrepreneurial roots to start I Am The Maven.  Her motto is simple: connecting savvy moms to fabulous local deals at the best places! Whitney’s story is a great read for the small business community and she gives us all some great tips in this interview.

1. Tell us about I am the Maven and who you focus on serving?

I Am The Maven connects savvy moms with fabulous deals at the best places.  We find the best local shops, food, services and activities in the Miami area and provide coupons, behind-the-scenes videos and all the scoop to hook moms up with exceptional local businesses.

2. How did you get your started selling online?

After I graduated from Emory University, I was a pretty successful executive recruiter until I found my niche in corporate marketing/advertising with Redken in NYC.  I met my husband, then moved several times (Los Angeles, Ann Arbor, Miami) for his career.  Along the way, people started calling me their “Maven” (a.k.a. a go-to girl for recommendations on just about anything).  I wanted to meld the things I enjoyed and was good at at into my own business.  This would allow me to attend ballet recitals and generally be present in my children’s lives while keeping my brain sharp and my confidence as a woman and professional.  As a mom myself, I saw a need to cut through the clutter of traditional advertising and compel action amongst the mom community– specifically directing them to fabulous stuff that caters to their lifestyle (whether a doctor, a donut place or an eco-friendly carpet cleaning company).

3. What inspires you to grow the I am the Maven business?

Firstly, I feel that there are wonderful local businesses that many moms don’t go to or even know of because they are so busy running around and being totally overwhelmed.  Why not go to a local shoe store that really knows how to fit your child’s feet & carries the brands you want and some new ones you might not know about?  My dad had his own retail store for 27 years, so I have lots of empathy for small business owners.  Secondly, I want to create a winning formula for a business that can be franchised to other local mavens.  I believe there are a large number of smart, savvy women out there who may have put their own careers on hold or to the side to raise a family.  The standard 8-5 of corporate America is NOT friendly to moms and some of the other opportunities for flexible employment are not inspiring to me or make me feel uncomfortable about having to sell stuff to friends and family.  I feel that I Am The Maven is an unbelievable brand that, with the right local maven, can be a fulfilling and rewarding opportunity both for the maven herself and for the local business community.

4. If you had 2 lessons learned from your business that you could pass on to others about selling online, what are those?

I don’t actually sell anything online, rather I provide information, coupons, contests, videos and other fun stuff.  In March 2010 my website was relaunched after a year of development.  It was incredibly difficult and time-consuming but ultimately extremely successful.  My advice to people about an online presence is to keep it simple and clean and VERY easy to navigate AND to have a Content Management System (CMS) so you can update your site yourself.  Also, don’t neglect the SEO stuff.  If you send out emails to a distribution list, tailor the message for the groups.  For example, I don’t send emails detailing a special new patient rate at a Miami dentist to the people who elect to receive my “Online/Everywhere MavenDeals.”

5. Where will I am the Maven focus most of its energy this year?

We are expanding our presence to 35 local schools (offline we distribute reusable grocery bags called MavenBags filled with custom gift cards to Maven-Approved businesses) and will be attending more community events that focus on the family. Additionally, we’ll be leveraging the Maven-Approved brand by creating cross-promotions with non-conflicting featured businesses that allow them to get more bang for their buck!  Lastly, we’ll be adding staff locally so that I can begin to focus on franchising opportunities and other corporate initiatives.

6. What do you see as 2 new trends in for small business and in your business?

I feel that small businesses are recognizing that they can’t do everything themselves.  Like my business, there are others out there who are motivated to work with smaller businesses and are tailoring programs to meet their needs.  It used to be that it was all about the big accounts– big national names.  Now marketers, website designers and other professionals are coming up with ways to help smaller businesses in more sophisticated ways, that don’t cost an arm and a leg.  Another trend I see is that local businesses are teaming up to drive customers into their location– whether with events, cross-promotions, business improvement districts & local chamber of commerce.

7. If your business/store could be any movie or movie character, what movie/movie character would it be and why?

I guess I Am The Maven would be a cross of a less vicious version of Meryl Streep’s magazine editor character in “The Devil Wears Prada” (specifically her intolerance of anything sub-par) and Michelle Pfeiffer’s struggling career mom in “One Fine Day” (who made a costume out of duct tape and shoulder pads that were in her purse; also the romantic interest of George Clooney- yummy!)

8. If I am the Maven could have a dream spokesperson for your company who would it be and why?

This is a tough one as I am the maven.  Literally.  But I guess Oprah is a close second, although I don’t think she has kids.

9. What is the biggest challenge that I am the Maven faces as a small business and how do you work to overcome that challenge?

It’s absolutely critical that the businesses we promote meet the certain quality standards for value, convenience, the fun factor, price, selection, service, eco-friendliness (if possible), etc.  This is the cornerstone of the I Am The Maven brand.  Particularly when I began the business, it was a struggle to get certain businesses to participate because they were either already successful/awesome (which is why I approached them) or because they didn’t “get” what “Maven-Approved” would grow to mean in the community or the only businesses that were interested weren’t suitable for our audience.

It’s always difficult to turn away a shop or whatever that just doesn’t meet our standards.  But can you imagine if we worked with a shop that was totally disorganized with bad lighting in the fitting rooms and a salesperson who was no-where to be found?  That would compromise the integrity of our brand.  Another challenge is there is a certain amount of exclusivity to I Am The Maven, depending on the level of promotion the business elects.  For example, you won’t see 5 pizza places in the same general area on our website.  This limits the number of businesses we can promote, which of course limits our revenue.

10. Do you have any parting thoughts for our readers and the small business community?

I never thought I would be an entrepreneur (although if you ask my friends and family they would tell you they aren’t surprised) but the stay-at-home mom thing just wasn’t enough for me.  I looked at my professional strengths and what I actually ENJOY doing.  Sometimes those don’t mesh, but for me they did.  I thought about a problem in the marketplace that I could solve (moms finding out about good local places and being incentivized to go to them).  Then I put my nose to the grindstone and planned the heck out of my business concept. When I launched in October 2008, I began rather small and incrementally grew, never allowing my growth to outpace my revenue except on rare occasions (like my website re-build) when I knew I could re-coup.  I have stayed true to my voice and my brand and, with only a few unpleasant exceptions, followed my gut even when all the other signs pointed the other direction.  Being a successful small business owner and entrepreneur means you must be relentless in your pursuit of excellence. I love being my own boss!

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Archive for the ‘Small Business’ Category

How Do I Trust That my Hotel Isn't Infected with BedBugs: The Internet/Social Media

Business travel is getting worse every day.  There are fewer flights, more screaming kids on the plane, and less leg room.  I thought we had hit the bottom, but I was wrong.  Instead, business travel includes another perk — the resurgence of bed bugs.  Apparently New York City is filled with these horrible creatures.  They are in the hotels, the apartments, the movie theaters, and probably in the Nuts4Nuts stands. 

Of course I have to travel to NYC occassionally for business.  This isn’t great, because the thought of bugs crawling around in my room will keep me up all night (I’m not really an enthusiastic camper).  Want a creepy fact about bed bugs?  They only have to eat once a year!  They also hide in your furniture.  These a patient, efficient monsters.

So what should I do?  I could refuse to travel and stop making money.  But then I’ll be homeless, which is fraught with many bug-filled nights.  Instead of taking a job in sterile lab, I turned to the Internet and found several blogs and websites that give you a heads up if there have been reports of bed bugs.  The best one is the Bed Bug Registry.   

I know it’s commonplace to turn to the Internet to find information.  But this particular offline problem is ideally suited for the web/social media.  It has to be constantly updated and rumor is as valuable as fact.  I don’t care if there has been a conclusive determination of bed bug existence.  If there is a whiff of any type of bug sighting, I’m not going to that hotel.

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Archive for the ‘Small Business’ Category

The Magic of Metrics

As a small business grows and not only builds the customer base but also expands the solution offerings, a metrics tracking method should be developed. There are a wealth of options of different metrics to track across any business. The hype for small companies seem to focus on SEO and website traffic metrics, but there are other business and process facing metrics that can greatly help a small business grow and succeed.

This article promotesmetrics are magic.  Key areas that can keep all team members in-check are to outline metrics surrounding milestones with dates and deadlines, and tracking of metrics like calls, presentations, programming modules, etc.

Depending up on the size and complexity of your business, utilizing a tool set to track and report on metrics could be very useful.  This provides the business leaders an avenue in which to review and evaluate trends and to determine if new solutions are working as expected and increasing cash flow.

Metrics help to outline the quality and measurement of success for any given business, product or process.  As a small business owner, factoring quality into daily activities helps to keep the entire team focused on top quality solutions and practices

What defines a quality metric and tips how to determine where your solution measures up?  The key is to create a metrics roadmap early in your business cycle so that you can formulate processes and checkpoints throughout that adhere to it.

The metrics you track will change over time, as your business expands (or shrinks).  You must also be diligent in that tracking process and share out not only the positive metrics, but the negative ones as well with your entire team. The only way to improve upon your business processes and ensure quality is to define the metrics and make appropriate changes to continue to improve them.  And allow your business to evolve in a positive light by continuously reviewing the metrics and creating new benchmarks that define your business success.

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Archive for the ‘Small Business’ Category

Small Business Lessons from Alli Donofrio of Pre-Loved Consignment Boutique

Today KikScore sits down with Alli Donofrio, the owner of the very cool boutique called Pre-Loved Consignment.  Her store is a very unique type of boutique that offers a variety of quality merchandise ranging from casual to formal wear, to accessories, handbags and much more.  Alli’s store is in Pompton Lakes, New Jersey, but she also sells online.  In this interview, she gives the small business community (and all of the shoppers out there) some great tips on small business life.

1. Tell us about Pre-Loved Consignment and who you focus on serving?

Pre Loved Consignment is a unique boutique……. far from your average thrift shop! I focus on serving everyone. I think with today’s economy… budgeting your money and saving is most important! My store is focused on value & style.. what more could you ask for !

2. How did you get started selling online?

I just recently opened up my store online- I did my homework first before doing so- searching for the best website designers I could find (Palmtree Creative LLC). We get a good amount of customers in the store- but I think to widen the audience and viewers of our selection of awesome stuff – opening an online store was the greatest idea!

3. What inspires you to grow the Pre-Loved Consignment business?

Other successful stores and consignment boutiques – like my own.

4. If you had 2 lessons learned from your business that you could pass on to others about selling online, what are those?

Customer service is very important- Make sure you are there to help them at all times! Also make sure you use a secure website (such as PayPal)- people want to know they are using a secure site – which means they will come back to shop again.

5. Where will Pre-Loved Consignment focus most of its energy this year?

It will focus on what my customers want and will focus on finding new ideas on how to grow!

6. What do you see as new trends in for small business and in your business?

Consignment boutiques are flourishing every where. They are the hottest businesses to open up today. Id say Consignment alone is a new hot trend! And this article on NorthJersey.com actually discusses the tend!

7. If your business/store could be any movie or movie character, what movie/movie character would it be and why?

I think it would be Betty Boop – Shes Hip, chic , flirty and fun – which best describes my store!

8. If Pre-Loved Consignment could have a dream spokesperson for your company who would it be and why?

I think any young or old woman into fashion- and not afraid to wear pre-owned clothing , handbags and shoes. It does not necessarily mean you are poor or do not have enough to buy new. It just means you know how to shop smart and you know how to get more for your money!

9. What is the biggest challenge that Pre-Loved Consignment faces as a small business and how do you work to overcome that challenge?

The biggest challenge is trying to get our name out there more! Advertising can be pricey but its the most important thing to get involved with when opening up a Small business!

10. Do you have any parting thoughts for our readers and the small business community?

“Don’t Underestimate consignment you’ll be surprised by the treasures you can find !” “Buy More Pay Less!”

Let us know if you have any thoughts for Alli and Pre-Loved Consignment.

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Archive for the ‘Small Business’ Category

The Importance of Security in Online Payments

As more and more fraud occurs in e-commerce, it is ever more important to provide secure payments for your customers. There are some things you can add to your website that will provide extra layers of security for your customers. You can use “https protocol” and “3-D secure protocol”. Also the Payment Card Industry Security Standards Council (PCI SSC) has implemented strict standards (PCI Data Security Standard) for merchants that accept credit cards online. In the next sections, all of these types of security options will be explained.

HTTPS Protocol

Normally the website operates under a normal hypertext transfer protocol (http), but with https (hypertext transfer protocol secure), sensitive data that passes through the seemingly insecure network (http) will be protected by an added security socket layer (SSL). HTTPS has been approved by many certificate authorities, so it is a widely accepted security layer for online payments.

3-D Secure Protocol

3-D secure protocol is a form of virtual payer identification. The basic concept behind it is verifying 3 domains. Thus, the name 3-D. The first domain name to be verified is the acquirer domain. The acquirer domain consists of the merchant and bank to which money is being given to. The second is the issuer domain. This is the bank that issued the card being used. The third and final domain to be verified is the interoperability domain. This is the infrastructure provided by the credit card scheme to support the 3-D secure protocol. This is possibly one of the safest ways to accept payments on your website.  

PCI Data Security Standard

Merchants of all sizes have to abide by the PCI DSS’s rules in order to be able to accept credit cards. The PCI Data Security Standard was implemented in 2004 and has been updated several times since then to keep up with technological advances. Companies like North American Bancard specifically say that they offer internet merchant accounts that provide PCI compliant payment experiences. So it is not all on the merchant, since merchant account providers are there to consult and assist merchants with abiding by these rules. The main objectives for the standard is are to create a universal environment where payments are safe and to be able to identify cyber criminals more easily because of these standards.

As more and more people buy online, cyber crime will increase unless merchants become educated about securing data on their websites.

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Archive for the ‘Small Business’ Category

Is Google Good or Evil?

I was reading this article today on Gizmodo about how a “Vision document” recently released to the public was created by Google 2 years ago and makes reference to the fact that Google was considering selling Internet surfing and search data from visitors to their site.

This would be a big deal for a few reasons if it is true because Google has claimed for years that they would never user their customer’s personal data for “evil” reasons like making billions of dollars.  This would also be big news because there are other companies like BlueKai and Exelate that currently offer similar “tracking services” for help companies determine what the best keywords are to use in their ads to get the most clicks.  Needless to say, if Google decided tomorrow that they were going to be in this business, these companies would instantly be put out of business and Google would be the leader in this area.

I think that this would also be big news for consumers and merchants because it just might change the way people think about and/or use Google.  If you knew that you were going to get a bunch of emails or targeted ads based on the words you searched on in Google I think you might actually think a little a more before you made that search or before you automatically typed “Google” into your web browser.  This may very well end up being the reason that Google also never does become “evil” and start selling this data because unless their competitors start to do the same, consumers may start moving to Bing or Yahoo if they feel like Google is “selling them out” or carelessly sharing their previous search data.

Would you consider stopping to use Google if they started sharing your searches with other companies for money?

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Archive for the ‘Small Business’ Category

Identity thieves are after your kids social security numbers? Help!

It’s August now and summer’s almost over. Fall arrives in a month and with it comes new TV shows, new seasons, football, school and college applications. (Which I don’t have to do anymore, yay!) But, there was one thing that all my college applications asked me (besides my name, address, grades…etc[I’ll give you a hint, most people can’t remember theirs]) .* drumroll* Yes! It is the social security number! *applause* Speaking of social security numbers…..have you read the news lately? You probably know your social security numbers have been targeted by identity thieves for years, but did you ever wonder about your kids?

Recently the Chicago Tribune posted an article about identity thieves are after children’s social security numbers. According to the article, since children’s security numbers are dormant for a long while, they are susceptible to identity theft. After shady internet companies get your kid’s security numbers, they sell them online. When people buy these security numbers, they build their credit rating by using your kid’s credit profile.

By now you’re probably asking yourself “How do I protect my kid’s social security number?” The Chicago Tribune(see previous link) offers some great tips on what to do. One of the most important tips being Never give out your’s kids (or your’s for that matter) social security number needlessly. Don’t give it out on school forms(they’ll never ask anyway), to your kid’s dance teacher, sports coach, for any type of program registration….you get the point. Also, if some online form asks you for your kid’s social security number, make sure it is an actual form, used by a reputable and safe company(like college apps, government forms…etc).

“But what if my kids are already in college,” you may wonder, ” how do I protect their number then?” Well, you can give them this article from the Creston News. It’ll tell your college kids why they’re being targeted and what they can do to prevent it from happening.  You’re probably wondering, “Why college kids?” Well, most college kids don’t have a firmly established credit history. There may be a few purchases here and there(mostly textbooks, school supplies, college fees), but they may not have been spending very often, and that makes it easier for identity thieves to use their numbers. Also, college kids use social networking sites a lot and those sites may not be very secure.

Take Facebook for example, recently they changed their privacy controls making it harder to figure out who sees what on the site.  According to PC World , the number of people searching for directions on how to delete their Facebook account spiked after Facebook announced a shift to a public system from the friends only system it had before. Luckily(for Facebook users anyway) ReclaimPrivacy.org offers a bookmark that’ll scan your Facebook privacy settings and will tell you if you’re sharing more than you intend to(Unfortunately at the time I wrote this post, the bookmark scanner wasn’t fully compatible with the latest Facebook privacy settings…..if you find that it has become fully compatible, let me know.) So, tell your college kids to check their privacy settings for whatever social networking site they’re on, so that they’ll be safe from identity thieves and other people who want to exploit them.

Anyone else have any suggestions on how to protect your kid’s social security numbers? If you do, let me know!

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Archive for the ‘Small Business’ Category

HP's Former CEO: Trust Problems and Bad Judgment

As I’m sure a lot of you have read, HP’s CEO, Mark Hurd, resigned last week.  It wasn’t due to poor earnings or prospects for growth.  In fact, a lot of people credit Mr. Hurd for turning things around for HP over the last several years.

Nope.  Mr. Hurd resigned because he was caught lying on his expense reports.  There was an ongoing investigation over complaints of sexual harassment.  To avoid disclosing the relationship with one of his assistance, which he apparently spent company money on, he mischaracterized why he incurred certain expenses.

So, Hurd resigns and is getting $20M-$50M in severeance payments.

Few questions that come to mind on this:

1.  Hurd made millions of dollars every year.  Could he not cover the expense of some dinners and drinks on his own and not expense it?  Is it worth saving $2,000/year at the expense of your job and stock options? 

2.  Why is he getting his severance paid?  Usually most severance packages are conditioned on the executive not resigning due to fraud.  I’m no lawyer (ok, maybe I am), but submitting false expense reports seems to be fraudulent. 

3.  Did he have to have an affair with his assistant?  I mean, it is so cliche.  Couldn’t he have at least run away with his massage therapist.  This whole having an affair with an assistant is the main reason why my wife won’t allow us to hire an assistant at KikScore.  I’m having to open the mail, return phone calls, shred incriminating documents all by myself.  It’s overwhelming.

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