Is your business like Neiman Marcus?

Is your business like Neiman Marcus?

Like athletes, the most successful business thrive under competitive pressure.  Yet, as Warren Buffett says, “it is only when the tide goes out do you discover who’s been swimming naked.”

Two of Dallas’s home grown retail companies are feeling the change occurring in retail.  One has filed bankruptcy and the other is looking for a new buyer.  The landscape is changing rapidly with the online approach to shopping.

The Dallas Morning News reported that in a conference call on Tuesday, March 14, Neiman Marcus CEO Karen Katz said: “while Neiman Marcus remains at the forefront of luxury shopping, people are shopping less.”

“Customers are making fewer trips to the store and the mall and more trips to the web. They want newness, exclusivity and the best price,” Katz said. “Driven by these expectations, and thanks to the information available to them on the web, more and more we are seeing our customers shop multiple stores or websites, not just ours.”

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Is Your LinkedIn Profile Powerful or Puny?

Is Your LinkedIn Profile Powerful or Puny?

 

Are you looking for a job, or trying to grow your business network?

Do you have a Powerful LinkedIn Profile?

Are you and I connected on LinkedIn?

(Click here for Michael Tannery’s Powerful LinkedIn Profile)

A no answer to any of these might be a hurdle that you want to overcome in working towards your personal business and financial success.

The latest survey data says a full 94% of potential clients’ today use social media in their evaluation of a prospective business. And yet people are puzzled, or at least, skeptical as to why tools like LinkedIn are such a game changer.

Two every second: That’s how many people join LinkedIn as new members, many of whom hope to exploit the platform’s rich resource for industry contacts, new clients and partnership opportunities.

That means that by the time you finish reading this article, you’ll have on average 350 people and counting to compete with for the professional world’s attention. What you do with your LinkedIn profile can mean the difference between garnering views as compared to converting those views in taking the next step of building a relationship with you.

With over 1 billion searches per day for names and companies, LinkedIn is your opportunity to build your business reputation, expand your professional network and help companies and connections know who you are and what you do.

Imagine if you could permanently run an ad in a world newspaper selling the best of “you” — and that anyone with any opportunity, whether it is a job offer, a consulting gig, or a business deal, could find you. That’s LinkedIn.

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Five Top Tips for 401(k) Participants

Five Top Tips for 401(k) Participants

Which is better for you?

Going to the Doctor when you are sick or going to the Doctor regularly for preventive checkups and maintenance?

Just like everything else in your life it is always better to be proactive versus reactive. Being proactive in retirement means getting the most from your 401(k) plan retirement plan.

These are my FIVE Steps for participating in and having a successful 401(k) whether you are a participant or the company administrator/fiduciary.

STEP 1 – Get the most from your 401(k) Plan.

 

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