Tag Archives: Business Tips

RETAIL MARKETING SOCIETY

Attention: FIT Business Certificates Students
Luncheon Meeting
Wednesday, September 17, 2014
RETAIL INDUSTRY REVIEW & OUTLOOK
A Panel Discussion with Experts from Standard & Poor’s Ratings Services

12:00 noon – 2:00 pm
Arno Ristorante141 West 38th St., NYC (between Broadway & Seventh Ave.)

Our panelists will consider the following questions facing the retailing and supermarkets industries in 2015:

* Sears & J.C. Penney: Headed in Different Directions?
* Myths and Realities: The Long-term View of Online Retail vs. Bricks and Mortar
* Mergers, Acquisitions and Leveraged Buy-Outs: What’s Hot? What’s Not?

Panelists from Standard & Poor’s Ratings Services:
Bob Schulz, CFA, Managing Director, Analytical Manager, Retail & Restaurants
Ana Lai, CFA, Senior Director, Analytical Manager, REITs and Homebuilders
Toby Crabtree, Director (department stores, apparel, online  retailers)
Chuck Pinson-Rose, CFA, Director (supermarkets and specialty hard goods)

Moderator:
Margaret Cannella, Adjunct Professor, Columbia Business School, former retailing analyst  Scroll down for bios of our panelists.

For more info: http://www.retailmarketingsociety.org/223/index.html

What “I’ll try” really means in business and personal relationships

Short answer: the other person isn’t really committed.

Communications 101: Communication is the foundation of all relationships  — business and personal.  When communications function well in a relationship, the relationship succeeds. When they don’t, the relationship struggles.  It’s that simple. And “I’ll try” is a bright red flag.  Whether it’s a business or personal relationship, “I’ll try”  is a signal that should not be ignored…it signifies something is amiss in the communications, and thus the relationship. When you receive the “I’ll try” message, you need to proceed carefully.

Gene Guberman (gguberman@verizon.net) specializes in dealing with communications within relationships. Here is his take on the situation: The way someone communicates reveals something the person is unaware of. In poker it’s known as a person’s “tell” that unveils they are “bluffing”. Interpersonal communication is loaded with varieties of information untrained people don’t perceive and speakers don’t know they are unwittingly sharing about themselves. Conflict is omnipresent between individuals. Managing conflict between people and building successful relationships requires understanding the hidden aspects of communications – our own and those of significant others.

 

Sandra Holtzman teaches CEO 035: Licensing.
She is the author of Lies Startups Tell Themselves to Avoid Marketing.

In Praise of Creative Entrepreneurs

Written by:
David L. Colby, Esq., Managing Director of Colby Law Office, PC

When creative people start a business, interesting things happen. Cool things, Inspired things, game changing things. But sadly, also tragic, bad things. The users of this world prey on creative people far too often.

As an attorney who helps creative entrepreneurs, I will be the first one to say that creative people and business frequently are at odds. It is sometimes complicated for creative entrepreneurs to maintain control of their own companies. Indeed there are special challenges and disconnects that are almost directly proportionate to the level of originality and creativity in the entrepreneur.

I remind my clients of what Andy Warhol said: “being good in business is the most fascinating kind of art.” With that clever mindset, a creative entrepreneur can maintain their creative integrity and still have a head for business. Moreover, you can learn to harness creativity to structure deals, work out complex business relationships, and offer up creative solutions during negotiations.

No doubt creativity really what its all about. After all, what is a business without creativity? Its not difficult to find examples: uninspired copy-cats, knock-off agents, struggling plagiarists, copy-cats, soulless hacks pushing their way into the market with profit as its primary motive; design a secondary concern at best. A noteworthy hallmark of these types is that in the long run, they are limited in their potential. They lack authenticity… an original core… a deep well to keep going back to for inspiration.

The opposite of this is a business founded and controlled by the original creative person or team. The designer, the artist, being at the center is actually the engine, the heart of the beast, to what truly matters in the long run.

But as important as creativity and originality is, we cannot escape the fact that business is business. To level the playing field, it is imperative to have a plan and a relationship with the right kind of lawyer. If you are looking to start or grow a fashion-based business—whether as a designer or in some other related way– it is of the highest importance to organize your business and protect your interests to succeed.

In short, creative entrepreneurs require special care. And they deserve to get it. It isn’t just looking out for their interests, a lot of time it is just actually listening to them, encouraging them, and reminding them that their creativity is the secret ingredient and the most valuable asset they have.

David Colby
David L. Colby, Esq. is the Managing Director of Colby Law Office, PC, a law firm in NYC that represents many up and coming designers and their businesses worldwide. Colby Law Office works particularly with business formation and governance, intellectual property and contracts.

Colby Law Office is doing the second of their free legal clinics at FIT on May 19th from 5:30-7:30pm. Only RSVP’s may attend https://legalsalon-may.eventbrite.com. If no more space is available, David can be reached at dcolby@colbylaw.com to set up a free consultation.