Archive for January, 2010

31.01 2010

Toyota says a fix is coming soon

Toyota still needs to get regulatory approval for a proposed repair in the U.S. and in Europe before a fix can be made.

The recall is to correct a problem that could cause the gas pedal, as it ages and becomes worn, to stick partway down under certain circumstances. Toyota recalled 2.3 million vehicles in the U.S. for this problem this week, although no repair procedure had yet been put in place.

The European recall involves eight different models, several of them not sold here. The precise number of vehicles involved in that recall is still under investigation but it could be as many as 1.8 million, Toyota said in a statement.

The gas pedal recall is separate from an earlier one, begun in November to fix a problem in which the gas pedal can become caught on the edge of the removable floormat.

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30.01 2010

Choosing a Business Name

When choosing a business name, there are two things to consider; the business name’s marketing potential and its legal elements. Here’s what you need to know to choose the best possible business name for your new business when you’re starting a small business in Canada.

How to Create a Winning Business Name

First, you want to choose a business name that’s memorable and that is going to encapsulate what your business does for marketing purposes. Learn how to create a business name that’s easy for your customers to remember and good for business promotion too with these two articles:

5 Rules for Choosing a Business Name How to Get Your New Business Name Right

The Legal Elements of Business Names

Second, the legal elements of a business name govern what you can and can’t include in your new business’s name and depends on what Form of Business you choose, referring to the way your business is legally structured.

The three most common forms of business in Canada are: the sole proprietorship, the partnership, and the corporation.

To learn

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28.01 2010

Starting a Small Business? A Lesson Learned from American Idol

This is a guest article by Jim DeLapa, the President of GreatBusinessPlan.com

If you are thinking about starting your own business, believe it or not you can learn a valuable lesson from tuning in to the early auditions of American Idol, now on the air.  This lesson will help you avoid one of the most common mistakes made by entrepreneurs, one that costs them dearly.  Take this lesson with you as you write your small business plan and you could be the next American Business Idol.

The new season has kicked off with the usual fanfare. While surely the next winner is somewhere among them, the talented ones are not the real surprises from the pool of early contestants.  Variations of a similar scene play out several times over.  Here’s how it goes.

First, the Idol film crew takes us on a tour of a young lady’s life. There’s

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27.01 2010

Meet the Duke of Davos

I said that in order to achieve long-term growth and prosperity, management must serve all stakeholders. The idea of the first Davos symposium was to create a platform that would allow stakeholders to exchange concerns and knowledge.

How I got started

Bet big. [In order to fund Davos] in 1970 I took a 50,000 Swiss franc ($11,434) loan from a German industrialist. The condition was either to pay him back or join his company, so I was nervous.

We sent out invitations with response cards. Every morning the mail came, and I didn’t want to spend time opening it so I put it under a very strong desk lamp where I could immediately see the response. Some 440 people came from 31 countries to the first meeting in 1971, including John Kenneth Galbraith.

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25.01 2010

COBRA Subsidy Eligibility Extended Through February 2010

“COBRA” (Consolidated Omnibus Budget Reconciliation Act) coverage remains a benefit to many employees who terminate employment, allowing them to continue receiving employer health care coverage until they either find another job or secure private medical insurance coverage.

Under the American Recovery and Reinvestment Act of 2009, a new employer-provided COBRA subsidy was created to assist individuals who lose their jobs involuntarily during the current economic recession. The

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25.01 2010

The Business Ethics of Insider Trading

Insider trading and business ethics are two subjects that are often discussed both in news media and business school classrooms. Learn the definition of insider trading and how it relates to material information, business ethics, and financial and criminal penalties.

In the wake of the Enron scandal, insider trading was once again brought to the front pages of business newspapers and magazines. The grey areas that surround insider trading help confound the public’s understanding of the definition of insider trading and the business ethics issues associated with it. T

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23.01 2010

Customer Service Makeover

Customer service is truly the lifeblood of any small business. Small businesses generally can’t compete with big box stores and bigger corporations on price, but customer service can provide small businesses with a competitive edge – if you do it right.

So this Customer Service Makeover focuses on making sure that your small business provides the kind of customer service that builds customer loyalty, gives positive word-of-mouth advertising, and increases sales – in short, the good, better or even superior customer service that consumers want. Here’s what to do:

1) Find out what shape your customer service is in right now.

Before you can improve your customer service, you need to find out what it’s like at this point in time for customers/clients to do business with you.

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