Toyotas Still Selling Briskly, Despite Recalls and “Stop Sale”
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Will you be offering split categories?
I prefer to record a payment to my credit card expenses as one entry and split the total among several different categories. This makes it easy to match a payment in my check register and bank statement to my bookkeeping system. It appears that you want each item charged to a credit card to appear as a separate expense item. Maybe I'm just missing something, but I don't see a way to do this.
Split categories are a common feature in QuickBooks and iBank (which is what I currently use).
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Microsoft to Google: Get Ready to Get Grilled in Europe
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How successful are you at marketing your small business through social media?
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Friday Links
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Friday Links: Ethical Internet Marketing
Copyblogger's Sonia Simone writes about scorpions and frogs and the case for ethical Internet marketing (not an oxymoron).
Pamela Slim advocates testing often, failing fast. What keeps you from doing this?
The NFIB is skeptical of Obama's plan to boost lending and hiring, write WaPo's Ylan Q. Mui and David Cho.
The hiring tax credit looks like it will be $5,000 for each new worker hired this year, plus some relief from rising payroll taxes, Henry J. Pulizzi reports in Dow Jones.
I'm checking out for next week, so posting/tweeting may be light.
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If You’re Not Healthy, Chances Are Your Business Won’t Be Either
Okay, I know this might seem off-topic coming from a Practical Marketing Expert. But over the years I’ve learned that if you’re not healthy, chances are your business won’t be either. Plus, oftentimes your best ideas will come when you’re doing something totally unrelated to your business.
So to help you fit a little exercise into your already busy day, I thought I’d share a few of my favorite tricks…
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Better Decisions Through Analytics
Featured Guest: Tom Davenport, Babson College professor and coauthor of Analytics at Work: Smarter Decisions, Better Results.
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Part 2: Protecting Your Business from Legal Concerns
BusinessWeek's Smart Answers found that there were 4 areas that had potential to give small businesses legal problems this year. Since we already discussed employee lawsuits and immigration audits and what could be done to avoid them, we're going to look at improper insurance and Internet security concerns.
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Davos 2010: Mexico Vs. South Africa
(Editors' Note: follow all of HBR.org's Davos reports)
On June 11, 2010, Mexico's national soccer team, El Tricolores (literally, The Three Colored) will take on South Africa's Bafana Bafana (The Boys) in the opening match of the 2010 World Cup in Johannesburg. That'll mark the second time this year that the two nations have faced off. The first match-up took place earlier this week at the WEF's Annual Meeting in Davos, where the leaders of the two emerging markets vied for the attention of the world's biggest businesspeople and investors.
With the global recession (and the Copenhagen talks) almost behind them, most developing countries are, again, making the transition from cooperating against the West to competing for capital. South Africa isn't in the same league as Mexico — the latter's economy is four times the size of the former's — but investment decisions are often guided by perceptions. And South Africa's president, Jacob G. Zuma, made an eloquent case at Davos for more investments in his commodity-driven economy by summarizing the rapid actions taken by his government to avoid the worst of the global crisis. He also spoke frankly about having three wives who he treats with equal importance, adding that he respects other cultures and expects others to respect South Africa's.
Mexican President Felipe Calderón's task doesn't look easy. Mexico hasn't hosted a major sports event for decades; hasn't done anything significant from a competitive perspective after entering NAFTA in 1992; and Calderon has just one formidable wife, who is with him at Davos. To grab the world's attention here — when people can choose between sessions and skiing — a leader must create the feeling that investors simply can't miss what's going on in his or her country.
Mexico, sadly, can't do that.
That became painfully evident on Wednesday, when we were discussing how the global economy might evolve in 2010. In that session, called "What is the New Normal for Global Growth?" experts emphatically stated that in the future, growth will come more from emerging markets than from developed nations. The likely growth engines are Brazil, Russia, India, and China, of course, but others, including Turkey and South Africa, also figured in the discussions. Mexico was not among them.
That isn't surprising. The Mexican economy shrunk by between 6% and 7% in early 2009, and has rebounded only in the last three months. It may grow by between 3% and 4% in 2010 without urgently needed reforms. A policy stimulus must include taxing food and drugs with a 16% VAT, just as all other goods are taxed; labor reforms that will enable companies to flexibly hire skilled and non-skilled labor; union reforms aimed at democratizing their leadership and use of public money; and energy reforms that allow for foreign investments in oil and gas. These measures will ensure that the Mexican government's budget isn't dependent only on oil prices and Pemex's revenues; simplify the way companies deal with tax obligations; and generate many more jobs.
2010's first quarter might be the last chance for Calderon, who will step down in two years' time, to create a legacy as a growth-oriented leader — not just as a prosecutor of drug traffickers. He must pursue urgent reforms and deliver prosperity, or Mexico will lose the more important of its matches with South Africa.
Carlos Mota is a business writer and anchor based in Mexico City.
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