Welcome to the February 26, 2007 edition of Business, Technology and Knowledge.
We’re featuring a post today from GameProducer.net which tells us why 80 Percent of Companies Won’t Fail Within 5 Years (posted, of course, at Game Producer). The article points out that not all claims about business success and failure can be backed up by empirical evidence — and even the claims that do have legimitate research backing them can often be patently false.
Statistics are often misleading — and one of the most often-overlooked components of statistics is the definition people use for what they are talking about (OK, I don’t have any empirical evidence to back that up). In this case, if 80% of businesses were defined as ‘failures’ after 5 years, who exactly is definining what is a failure and what is a success? Failure is a very subjective word that has to be very precisely defined in order for the statistics to mean anything.
You can read the rest of the articles from this 6th edition of Business, Technology and Knowledge below.
Praveen presents Breaking News About Kontera Ads posted at My Simple Trading System.
Millennium Mommy presents 10 Web tips for entrepreneurs posted at Priscilla Ortiz – Journal to Prosperity, Path to Freedom Inc..
Clint James presents Interview Tips for Nerds posted at Static Cure.
Barbra Sundquist presents Top Five Places for Small Business Networking (HomeBusinessWiz.com) posted at HomeBusinessWiz.
Anna Farmery presents Valuing Your Business posted at The Engaging Brand.
Business
Murad Ali presents Adding Value to Your Business/Product posted at Online Business Concepts.
Sergiu presents 5 Steps to a Successful Sale posted at Salestorm.net – Blog.
David Maister presents 20 Bad Workplace Habits posted at Passion, People and Principles, saying, “Are any these habits holding back your business success?”
Vahid Chaychi presents Time Is Passing. Are You? posted at Internet and Search Engine Marketing, saying, “Before you start an online business, just make a self-assessment and answer some questions to yourself. Have you ever been able to achieve any of your objectives? Are you used to finish a job completely? Is it easy for you to start something new or make a change or you always have hesitation to try new things?”
Matthew Paulson presents The Truth about Making Money Online posted at Getting Green.
Emmanuel presents How to harness the Intelligence of the Customer to solve your problems posted at Comments on: There is a science to get rich.
Christopher J. Brunner presents Effective Logo Design for Small Businesses posted at The Small Business Buzz, saying, “Thank you for considering my submission for inclusion in this week’s edition of BTK. Michelle Cramer”
Sean Hackbarth presents Wal-Mart Hates Firefox? posted at TAM Money and Finance, saying, “Wal-Mart flubs the beta of their movie download service with a bug that affects Firefox users.”
Scott Sehlhorst presents 5 Return On Investment Calculation Tips posted at Tyner Blain, saying, “ROI should drive our technology investment decisions. The problem is that most people who bother to try screw it up. Here are 5 tips on how to do great ROI calculations”
Murad Ali presents Knowing your business’s strengths and weaknesses: A simple SWOT analysis. posted at The New Business World.
Erek Ostrowski presents Organizational Culture: The Keys to the Kingdom posted at Verve Coaching.
Anco presents Measuring Supplier’s On Time Delivery posted at Tipskey – Unlock Practicality, saying, “In measuring on time delivery, which type of suppliers is considered main suppliers?”
lecentre presents Top 10 Reasons Google Sucks posted at Bookworm SEO, saying, “Google sucks as a business, it sucks at technology (“trust”rank yielding spam pages anyone?) and it sucks ethically.”
Brian presents Business is about Creation (Part 1) posted at Brian Nick.
Ray Littrell presents Do What You Love – Just Make Sure It Pays Off posted at BizAdvice.org, saying, “Articles that encourage thought and, hopefully, fire the imagination.”
Sagar Satapathy presents Top 10 Largest Databases in the World posted at Business Intelligence Lowdown.
Technology
Anna Farmery presents Creating an Engaging Brand Community posted at The Engaging Brand.
Avant News presents Windows Vista Startup Music Designed on Macs posted at Avant News, saying, “A little Vista satire.”
Clint James presents A list of Digg ripoffs – The Good and the Bad posted at Static Cure, saying, “A good list of web 2.0 sites that mimic the digg.com model and succeed or fail at it.”
Silicon Valley Blogger presents How To Buy A PlayStation 3 For $0.99 posted at The Digerati Life.
Larry Ashworth presents Independent Power – Off the Grid for 11 Years, and Loving it! posted at PublicSecrets.Org.
Christopher J. Brunner presents Which Internet Browser Should You Choose? posted at The Small Business Buzz, saying, “The benefits of Mozilla’s Firefox Internet Browser, explored by a recent convert from IE.”
That’s it for this edition. Submit your article to the next edition of Business, Technology and Knowledge using our submission form.
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February 26th, 2007 at 1:43 pm
Fantastic roundup. I always wonder about that business failure statistic too. I am in the process of closing down a design business that my wife and i have run for almost three years. It was quite successful but now we have a more succcessful business to run instead, so we’re closing it down. No doubt somewhere it will be noted as a ‘failure’ ;-(
February 26th, 2007 at 2:31 pm
Thanks Collis. I think you make a very good point — even if we are very specific about the definitions of success and failure, we are still leaving ourselves open for misinterpretation. A statistic like ‘80% of businesses will close [more specific than fail] in 5 years” could mean that 20% of those entrepreneurs were in your situation and just had a better gig.
February 26th, 2007 at 6:12 pm
Yeah thats right!
Meanwhiles there are so many good links here, that digg rippoff site was amusing, i didn’t realise so many people had done that! Good job on compiling the carnival, i’ll have to submit something next time