Tagsellit.com was started by Matt Dorman and Jonathon Papsin for $7,000 less than a year ago, and is already logging 7,000 unique visitors a day, reports the “Newark Star-Ledger.” According to Dorman, the site needs to build its traffic to 100,000 visitors per day to assure its commercial viability, but that should happen in a few months. Starting an Internet-based business is inexpensive, but success ultimately requires both a product or service that consumers will value and the funds and time to build consumer awareness and website traffic. Tagsellit.com may have what it takes to be a winner on both counts.
Karen Gordon Mills, confirmed earlier this month as the new SBA Administrator, has a unique set of qualifications for the position: Baker Scholar at Harvard Business School, General Foods product manager, McKinsey consultant, Chair of the Council on Competitiveness and the Economy for the state of Maine, and co-author of a Brookings Institute paper on the importance of industrial clusters in bolstering U.S. competitiveness. According to the Institute for Strategy and Competitiveness, “clusters are geographic concentrations of interconnected companies, specialized suppliers, service providers, and associated institutions in a particular field that are present in a nation or region. Clusters arise because they increase the productivity with which companies can compete.”
Trade Credit Insurance can be a valuable tool for small business owners who are worried about financially strapped customers who may default, leaving them stuck with large unpaid invoices. (According to Automated Access to Court Electronic Records, or AACER, 20,521 businesses sought either Chapter 7 or Chapter 11 protection in the first quarter of 2009, a 52% increase over the same period in 2008.) A business can purchase trade credit insurance for a single customer, or as a blanket policy, “Business Week Small Biz” recently reported.
