This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

3 Things You Should Know About Small Business: Oct. 18

NEW YORK (TheStreet) -- What's happening in small business today?

1. Yelp is stepping up a crackdown on fake reviews. Yelp (YELP), which relies on user reviews to recommend local businesses, says it will put an alert on a company's profile page for a minimum of 90 days if it "suspects that a business has tried to buy fake, misleading reviews on its site," says Huffington Post .

According to the company some businesses go to "extreme lengths" to boost their positive reviews, in some cases paying people to write them.

Customers can click on the alert to find out more information, the article says.

2. Jack Dorsey is giving answers to the toughest challenges for small companies. True to form, tech entrepreneur Jack Dorsey, co-creator of Twitter and Square, is offering his thoughts in "tweet-sized bites," Forbes.com says.

Some of Dorsey's solutions as pointed out by Forbes include:

To convince skeptical investors and customers of the value of your product or service: "By operating by the simple principle of 'show, don't tell.'"

To scale an idea into a large company: "The organization you build should be the key and only focus. And realize that small teams throughout history have done impossibly audacious things. You don't have to be large," he says.

To maintain quality personnel while rapidly expanding: "Be direct that you are going to constantly raise the bar of the team. I'm always looking to hire people that are better than me. I learn from them, and the organization moves faster," Dorsey says.

3. There's advice on how to manage your start-up's hypergrowth. Having strong sales and being able to hire employees is always a positive sign for a start-up, but as the company grows is there a common understanding of systems, structure and shared values? Strategy consultant and start-up investor Peter Cohan shares his suggestions on how to manage rapid growth on Inc.com.

First, Cohan says, establish a project team that includes key direct reports, representatives of your leading customers and suppliers and possibly an outside consultant.

Once the team is formed, figure out some of the biggest challenges your company faces as it expands. Talk with other start-up CEOs and experts on how they've managed these issues. The results from the discussions with peers should lead to ideas on how to improve your start-up's structure, systems or shared values. But before implementing them, benchmark your start-up against best practices learned to identify where you can improve.

"Fast growth in a start-up is a sign that customers like what you're doing. But if your organization can't keep up, your growth could quickly reverse. Follow these five steps, and you'll lower that risk," Cohan writes.

-- Written by Laurie Kulikowski in New York.

To contact Laurie Kulikowski, send an email to: Laurie.Kulikowski@thestreet.com.

>To submit a news tip, email: tips@thestreet.com.

RELATED STORIES:







Follow TheStreet on Twitter and become a fan on Facebook.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,098.45 +18.88 0.11%
S&P 500 2,003.37 +6.63 0.33%
NASDAQ 4,580.2710 +22.5760 0.50%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs