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STRATiCOM Minnesota Startup and Small Business Consulting
Small Business Weekly Update

      July 23, 2009 

 
In This Issue
ECONOMICS & FINANCE
VCs hope to capitalize on a reversal of grant rules
New U.S. PIRG Survey: Small Businesses Crushed By Rising Health Costs
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TECHNOLOGY
Survey: Many businesses plan to skip Windows 7
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SMALL BUSINESS RESOURCES
Financial partnership boosts local business
5 Business Models for Social Media Startups
A Startup's Most Valuable Asset: The Team
The 7 P's of marketing a startup
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STRATiCOM is a fully integrated business management consulting company focusing on startups and small businesses.

Our team of executives - experienced in the fields of Marketing, Human Resources, Finance and Information Systems/Technology - allow small busi­nesses to have a collection of seasoned professionals evaluate all aspects of a company.
 
Let us help you develop a coordinated approach to either launching your business, or improving your existing business's results.
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Contact Information
info@straticom.us
(612) 269-7300  
Welcome to this week's edition of STRATiCOM's Small Business Weekly Update newsletter. We monitor numerous news feeds, and summarize the important stories for our network of business partners and clients.  
 
Your response to this newsletter has been tremendous, and a number of you are wondering if STRATiCOM can create and manage a similar newletter for your company.  Please use the link below if you are interested in having us develop an e-newsletter for you:
 
e-newsletter, e-marketing, e-mail marketing
 
ECONOMICS & FINANCE
VCs hope to capitalize on a reversal of grant rules
After six years of being frozen out of grant money allocated to small business innovation and research, venture investors hope the startups they back will finally be eligible again for federal funding.

The potential prize is a piece of more than $2 billion in Small Business Innovation Research funds from 11 federal agencies that has been blocked from companies that are majority owned by venture capitalists.
(July 17, 2009 - Silicon Valley / San Jose Business Journal)
New U.S. PIRG Survey: Small Businesses Crushed By Rising Health Costs
Small business owners are being crushed by rising health care costs, and feel left out of the current health care debate in Washington, according to a new report released by U.S. Public Interest Research Group on Tuesday.

The new report, The Small Business Dilemma, which surveyed hundreds of small business owners and managers across the country, makes clear that small business owners want and need health care reform.
(July 21, 2009 - U.S. PIRG)
 
Download the Full Report, Click HERE
 
TECHNOLOGY
Survey: Many businesses plan to skip Windows 7
Although plenty of businesses skipped Windows Vista, a significant number of corporations have no plans to quickly move to Windows 7, according to a new survey.

The survey, which received feedback from 1,000 IT administrators, found that nearly 60 percent have no current plan to adopt Windows 7. The survey, conducted by Quest Software's ScriptLogic unit, received the 1,000 responses from 20,000 surveys it distributed.
(July 12, 2009 - CNET News)
 
SMALL BUSINESS RESOURCES
Financial partnership boosts local business
Robert Palmquist was looking for investors to help expand Speechgear, his small, local business. The Southern Minnesota Initiative Foundation was looking for innovative businesses with products "ahead of the curve."
(July 17, 2009 - Northfield News)
5 Business Models for Social Media Startups
There's a good practical list of Five Common Business Models for Social Media Startups by Jun Loayza on Mashable. A good reminder that business models-how you get paid-are part of the game. All five will seem familiar: There's freemium (give a standard version free, charge for more users or more features), affiliate, subscription, virtual goods (add-ons to free games, like swords and shields and such), and the old standard, advertising.
(July 17, 2009 - Entrepreneur.com)
A Startup's Most Valuable Asset: The Team
Startup ventures are exciting, dynamic, and risky.  They require a balance between luck, skill, and timing.  Of all the essential elements regarding startup businesses, there is one particular element that remains paramount: the team members.

For many "financially-deficient" (aka bootstrapped) startups, choosing the correct team members/founders may be the most important decision the young company faces.  Despite this truth, it is all too common for startups to constuct their team with insufficient or unsuitable candidates.  This type of behavior is not just harmful, it's potentially deadly for a young upstart business.
(July 19, 2009 - The Techsoomer Weblog)
New strategies for start-ups that will change the way you think about business
The 7 P's of marketing a start-up business:  No longer can we rely on the status quo in starting a new business.  You've been taught or have read that there are 4 P's for marketing a business - Price, Promotion, Place and Product.  The 4 P's have helped many companies keep their marketing focused and targeted considering some of the most important components of selling their products and services successfully.  But now, times have changed.  With new social media networking trends and rapidly changing competitive environments, there is more to consider. Think about adding a few new concepts to the list: People, Passion and Personalization.
(July 20, 2009 - Houston Startup Business Examiner)

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