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December 11, 2012

Written by Bob Meyer, Editor of BarterNews

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From the desk of Bob Meyer... 12/11/2012

Airline Passengers� Most Annoying Habits

Here�s a quick look at the most annoying habits of airline habits, based on a recent survey of 700 airline workers in 85 countries. The top most hated passenger habits include:

1)   Clicking their fingers to get a flight attendant�s attention.

2)   Trying to get off the plane before the pilot gives the signal.

3)   Stuffing too much in the overhead compartment.

4)   Complaining about the lack of space in the overhead compartment.

5)   Talking through the safety demonstrations.

Are you guilty of any of these? Hopefully not!

Is the End Of The VC Industry Just Around The Corner?

Venture Capital firms have been the finance engines for most of the Silicon Valley startups. As a result, young twenty-somethings have become very rich when their ideas were (investor) backed and taken public by the venture capitalists. One of the fabled experts, Mary Meeker of Kleiner Perkins (one of the oldest and most respected venture capital firms in Silicon Valley), says things are about to change � as recently announced in her annual Internet trends report.

In short, Meeker says the world will look completely different in five years due to startling innovations taking place, and the magnitude of upcoming changes will be stunning. Meeker notes that the Internet movement is still in spring training (a time period prior to the real season starting).

One of the most startling ideas she shares is that the entrepreneurs of the future will prefer to take money from a bunch of average-Joe investors through a kickstarter-type online platform, instead of the Kleiner Perkinses of the world. She contends that in five years there won�t be a VC industry left, as all the non big-name VC firms are folding. Their partners are retiring and they�re closing down. What�s ahead? New platforms and business models are being created to fill the void.

Reviews Turn Into Revenue

Travelocity, one of the world�s largest travel sites, found that if a hotel gets a one-star jump on the travel site�s five-star scale, the hotel can increase its price by 11.2% and keep the same occupancy rates. Additionally, more favorable reviews can have a bigger financial effect on economy and mid-scale hotels than on luxury brands.

Humorous Thoughts For The Week �

  A minor operation is one performed on another person.

  There�s another advantage of being poor, a doctor will cure you faster.

All back issues of "From the Desk...� can be accessed by clicking here.

(Please feel free to forward our newsletter to your friends and colleagues. We have a �box� at the end of the newsletter for your convenience. See you next week. . .)

For Greater Profits Establish Solid Relationships With Your Barter Suppliers

Good suppliers, like good customers, can last a lifetime. But like good customers they involve a relationship, not just a series of transactions. Relationships are valuable � they require constant monitoring, feedback, communications and fine-tuning.

In the past few years, the trend toward cutting down on the number of suppliers has been accelerating. But the fewer the suppliers you work with, the more important the remaining ones become. What�s important when dealing with suppliers � whether on a cash or a trade basis � are ones you can trust.

To select suppliers intelligently, you must have a clear understanding of your own goals. Know what your standards are for price, quality, reliability, and the need for peak performance at crunch times. Not only do you need to trust your suppliers, but you also need suppliers who trust you. So try to understand as much about their operations as you do about your own.

  • Do you know your suppliers� top management people?
  • Do they have depth in talent and experience?
  • Are they stable, or are they susceptible to turnover?
  • Is their vision of the future secure, or are they in flux � waiting to be sold?

Your suppliers must not only be able to perform today, but in the foreseeable future. Ask yourself if they have the capacity to grow with you, both in volume and in technological capability.

Is Your Trade Exchange Missing Out On Valuable New Business?

If your barter company�s listing on isn�t current, you are definitely missing out on new business. The web site receives heavy traffic � with over 150,000 page-views every month. Entrepreneurs and corporate executives check the thousands of articles, the weekly �Tuesday Report,� and the �Contacts Section� of our site. They use the latter to find barter companies with which to do business.

Is your barter company�s listing up-to-date?

To keep your listing current is very easy. See the links below to (A) update any changes to your company�s listing, such as new location, phone number, web site or other information, and (B) if your company has not been listed.

Here�s how to get on board:

To make changes to your listing click here.

For new listings click here.

How Do You See Yourself?

Most entrepreneurial business owners see their �business personalities� in distinct terms, according to the latest survey by Open Small Business Network, American Express Company�s small-business unit.

When asked to choose, 34% of the owners in the survey characterized themselves as managers, or big picture people, who like making things run smoothly and improving how employees work together. They enjoy the operational part of the business.

Second, at 27%, came what the poll labeled the heroes, or those who take to solving the difficult problems facing a company. Next, at 16%, were the rainmakers who find new business, while 11% of the owners see themselves as artists, more involved in creating products than running the business

Only 4% of those surveyed would characterize themselves as mavericks, or risk-takers, those who sometimes take up projects for the sense of adventure alone.

Owners were also asked what their No.1 pet-peeve was regarding employees. Although the largest percentage (35%) didn�t have any one pet peeve, for those who did, showing up late for work and lack of initiative were at the top of the list.


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