Guest blog post by Francisco J. Sánchez, Under Secretary of Commerce for International TradeIt’s been called the beginning of a manufacturing renaissance. As President Obama noted at yesterday’s “Insourcing American Jobs” forum, 334,000 manufacturing jobs have been created in the past two years. And, in the third quarter of 2011, manufacturing profits were up more than 7 percent compared to the first quarter.These positive trends are very good news because manufacturing is a key to our economy.Read More
Commerce's National Institute of Standards and Technology (NIST) and the U.S. Department of Transportation (DOT) will host two forums in February 2012 to help U.S. manufacturers prepare for upcoming opportunities to become suppliers for the next generation of railcars and locomotives. The first forum will be held Feb. 8 in Sacramento, Calif., and the second will be Feb. 15 in Chicago.The Next Generation Rail Supply Chain Connectivity Forums will bring together large railcar builders and original equipment manufacturers (OEMs) with smaller, capable and interested U.S. manufacturers.Read More
Has someone opened up a competing business in your town? Are you worried that the town isn’t big enough for both of you and your business may be at risk? Not sure how to react to the new competition?
If you’ve been secure in your market as the go-to business for XYZ and suddenly find that your customers have another option, what can you do to fight back?
Remember, there are no quick fixes, but here are some tips for dealing with competitors and, quite possibly, collaborating with them!
1. Don’t Get into a Price War
In recent weeks, I’ve met with a couple of small business clients seeking to establish social media marketing strategies. On each occasion, we sat down and I asked them questions about their business and their primary customer. While they could have talked for hours about their product, its benefits and how superior it is to all others, my request to describe specifically who their customer is was met with hesitance and sometimes complete silence. Cue the crickets.
Guest blog post by U.S.
this week, Secretary and former CEO John Bryson made his first trip to Detroit,
as Commerce Secretary, where he met with representatives from nearly every
major auto maker that produces cars in the United States. In addition, Bryson
met with United Auto Workers (UAW) President Bob King, Michigan Governor Rick Snyder, Detroit Mayor Dave Bing, as well as members of the Michigan
Congressional delegation. The trip came on the heels of President Obama’s
announcement late last year naming Secretary Bryson as co-chair of the White
If you’ve heard it once, you’ve heard it a thousand times: if you’re starting a business you’re going to need general liability insurance. But what does that mean? What protection does it afford? How do you determine your coverage needs? How does it work?
What is General Liability Insurance?
One of the laments of small business owners and entrepreneurs trying to build their online presence is: “We have a blog (or website) but it hardly get any visitors. How do we get traffic?”
The typical responses are to “create good content.” Yes, you certainly need good content. But content – no matter how excellent – is not enough. You need to be more proactive to get that content in front of eyeballs.
Guest blog post by U.S.
On Friday, the Commerce Department unveiled the COMPETES Report: A Roadmap for Strengthening U.S. Competitiveness. The report makes three important findings:
Federal investments in research, education and infrastructure were critical building blocks for American economic competitiveness, business expansion and job creation in the last century;
Failures to properly invest in, and have comprehensive strategies for, those areas have eroded America’s competitive position; and,