Monday, July 16, 2007

Carnival of the Capitalists: July 16, 2007

I'm hosting Carnival of The Capitalists this week. Of the 34 submissions, these were my selections.

Experiences:

John Ingrisano asks Will An HSA Solve your Health Insurance Problem? And gives his thoughts on his experience. A must read for anyone without health insurance or investigating options.

Thank you for calling Playmobil, please set your clock back 20 years is one experience we can all relate to in some way or another. Do more than pray you don't do this to your customers ~ plan to avoid this mess.

Today's Women In Business reminds us that you can in fact use blog comments can build your personal brand. However, in Despite the PR pundits, there's not much to learn from the Whole Foods fiasco, Steven Silvers reminds us that you can in fact damage your personal brand with posts as well:
The entire business world is shaking its head about Whole Foods CEO John Mackey, who was exposed for an eight-year run of posting anonymous comments to Internet investing bulletin boards touting his company's stock and flaming his competition.
Because We All Should Know More:

Ecobrowser: Are your inflation expectations well-anchored?

Atlantic Canada's Small Business Blog: How would you get back from Mars?

Sox First: Six organizational pathologies

Charles H. Green: Leadership and Folk Wisdom

Basic Accounting Blog: Decide Your Success With Bookkeeping Outsourcing

Interviews and Book Reviews:

Wayne Hurlbert reviews Instant Income by Janet Switzer.

Jim Stroup reviews The Black Swan by Nassim Taleb.

Scott Allen interviews John Assaraf and Murray Smith.

Starting Out:

Don't Buy A Franchise with your Ego:
Some people chose a franchise because of their ego, and what The Joness will think. They buy a franchise because it sounds exciting or cool. They buy a franchise hoping to impress their neighbors or friends. Because of this, they look up franchises on the Internet and either include or reject them based on the cool factor. As a result, many overlook excellent opportunities of sold money-making opportunities, sometimes with a much better return on investment than famous brands.
Ditto on job titles, job descriptions, and daily activities. So many of us are seduced by what others think of what we do.

Related to this post is Is Freelancing Foolish? Perhaps it seems more glamorous, but is it more profitable? Are you suited for it? Remember...
Going to a freelance career is no different that starting your own business.
Personal Favorites:

I get asked about starting online stores a lot, so The Beef Jerky Blog's How to Start an Online Store is one of my favorite selections. Most notable is point 4:
Most people will do a search for "wholesaleing" or "Dropshipping," this is the 100% wrong way to search for your product of choice. In most cases you will come across a ton of MFA sites, competitors, Paid list company sites, and a ton of just random site that will waste your time.
Queer talk about corporate money discusses the success of the 2006 Gay Games. Corporate funds may be disliked, but to many their buy-in gives the stamp of legitimacy. While reaction to corporate sponsorship and commercialism may be mixed within the community, the sponsorship clearly marks further acceptance of a "queer market" by corporate America.

Jack Yoest's Management Training Tip #1, Office Politics won me for this bit:
The manager cannot simply demand or bark out an order for the support.

The manager must sell.
Honorary Mention:

Blog Carnivals: An Inexpensive Way to Promote Your Business Website gets a nod because it reminds you all to participate and to sign up to host a future edition of CoTC. *wink*

Next week's host is Small Business Essentials.

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