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5 Mistakes You Could Be Making In Your Small Business

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Are business owners reluctant to say they have made mistakes in their small business? If you are making these 5 mistakes you can easily not be taking advantage to save time, money and also might be holding yourself back from serious improvement.

It’s one thing to be in the niche of technology with new headsets, and new software every time Apple or Google sneezes. But, what is really important? Productivity and giving employees the tools they need to be successful at their job. Also laying the groundwork for successful workplace, and keeping up with the times, with aspects, so you’re not a one-man show.

Today everything is so automated, from marketing automation, to CRM and Customer service automation. Right now the big trends are so popular. “The one size fits all,” when salesmen try and sell you new software, seems to lack the care, details, and differences, that small businesses face, and they seem like the most logical answer.

Small business is definitely a pre-structured environment, that owners have control of.

Here are 5 Practical Guidelines for Small Business Owners today.

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Aircraft

Uber and Hyundai Are Planning to Offer Flying Taxi Rides by 2023

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Hyundai/Uber Flying Taxi Source: Hyundai
By Cat Ellis

At CES 2020, Uber and Hyundai showed off a full-size mock-up of a flying taxi that both companies hope will be ferrying you above congested city streets by 2023.

The electric plane, called Uberdai, will carry a pilot and three passengers up to 60 miles, at speeds of up to 180mph, slashing journey times and helping get cars off the road. Eventually the craft will be automated, but for now the two companies are focusing on manned craft.

The flying taxi market is starting to get pretty lively. Last year, Boeing began test flights to test the safety of Boeing. Next, an electric aircraft with passenger pods designed to travel up to 50 miles, and Bell Helicopter unveiled the Bell Nexus, which the company hopes will “redefine air travel”.

The difference with Hyundai’s plane is its partnership with Uber, which is a name synonymous with ride-sharing throughout much of the world, and already has the infrastructure in place to offer flights as an option alongside trips by car, bike, scooter, helicopter and even submarine.

Ready for lift-off?

Uber has been aiming for the skies for several years now, teaming up with various aerospace companies to build a fleet of mini aircraft. At the Uber Elevate Summit in June 2019, it revealed a concept created in collaboration with Jaunt Air Mobility – a business that’s aiming to create a fully autonomous aircraft by the end of 2029.

This design was a cross between a helicopter and a plane, with a rotor to get it off the ground, and wings for gliding once airborne to conserve power.

“It’s called the compound aircraft, and what it’s doing is really trying to get the best of both worlds of hover and high-speed efficient flight,” Uber’s head of engineering Mark Moore said at the event.

Uber intends to launch its first swarm of flying cars in the US and Australia in 2023, with schemes planned for Dallas, Las Vegas and Melbourne. We’ll keep you updated as we learn more over the coming months. 

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Entrepreneurship

This CEO Writes 9,200 Holiday Cards to His Employees Every Year

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Sheldon Yellen, CEO of BELFOR Holdings, Inc., handwrites holiday cards to each of his 9,200 employees to express gratitude.

“He travels with a suitcase full of stationery. He also pens handwritten notes for thank-yous, anniversaries, and birthdays,” said Business Insider in a recent report.

According to researches and career experts, the most successful corporate managers are those who can thank and encourage their employees. Even before he was chief executive, Yellen has written a holiday and birthday card to every company employee each year.

“There is an inside joke with acquisitions that I ask prior to closing: ‘How many more people?’ — “since I am constantly calculating that in my mind rather than ‘What is the EBITDA [earnings before interest, tax, depreciation, and amortization]?’” said Yellen in an interview.

Yellen started doing this in 1985 after he was hired by his brother-in-law, and many of the employees felt he was getting special treatment.

“If nothing else, the cards would encourage people to stop by his desk to say thank you, he thought,” reported Business Insider. “And it worked,” he said. “It got people talking, we started to communicate more, and I like to think it helped me earn respect within the company.”

Yellen is not just doing this for the thank you – he writes thank-you notes, anniversary cards, holiday cards, and writes to his employees’ kids when they are sick, said Alexandra Gort, company director of marketing communications.

According to research, good employees will quit their jobs if they are not given enough recognition. Business Insider reported that “Yellen has found taking the time to write out a card for each and every person has created a culture of compassion throughout the company.”


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Entrepreneurship

Entrepreneurs Upbeat About Hiring, Researchers Find

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Image via Shutterstock
By JOYCE M. ROSENBERG, AP Business Writer

NEW YORK (AP) — Although many small businesses struggle to find staffers to fill their open positions, many 

That’s one of the findings of a study by researchers at Babson College in Wellesley, Massachusetts. The study, based on surveys of approximately 3,000 people in the U.S. during 2018, found that 87% of entrepreneurs with young companies expect to employ workers during the next five years, and 38% expect to have six or more workers. Seventeen percent said they expected to have 20 or more workers in five years.

Those expectations reflect the confidence and optimism of owners of businesses that are in the early stages of growth, the study said. “They trust that they can recruit, hire, and develop employees to help them successfully grow their business,” it said.

The jobs entrepreneurs are contemplating may be most abundant in companies that provide finance, real estate and business services, as well as retail and wholesale businesses. Those industries combined account for more than half the new companies the Babson researchers studied.

The study, which examined a range of aspects of entrepreneurship, also looked at business ownership as a means to earn a living — in other words, how many people start companies because they couldn’t find other work. Less than 9% of 

Follow Joyce Rosenberg at www.twitter.com/JoyceMRosenberg. Her work can be found here: https://apnews.com

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