JANUARY 21, 2009 – The News That Matters To (Toilet Paper) Entrepreneurs
Booming Business Sector – Layoffs, Duh!
The News: The New York Times reports 2009’s fast growing business sector, is the layoff industry. Outplacement, resume writing and job loss coaching is booming. Full report.
Why It Matters: The best quote in the article: It’s “the industry that guilt built.” How can you make millions on guilt?
The Strong Will Acquire – J&J Documents Takeover List
The News: Bloomberg reports Johnson & Johnson finished Q4 2008 with better than expected sales. The firm is now planning acquisition targets. Full report.
Why It Matters: What about your business? If you have healthy numbers, you may be able to pick up a lot of Mom & Pop shops for bargain basement prices.
Hackers Gain Access To 100 Million Credit Card Transactions – Largest Breach Ever
The News: The Wall Street Journal reports Heartland Payment Systems in Princeton, NJ had it’s credit card information system representing 100,000,000 transactions a month compromised by cyber criminals. Full report.
Why It Matters: First, make sure none of your customers are at risk. Second, watch to see how Heartland deals with the negative PR – learning from their mistakes may save your business one day.
CNN & Facebook Teamed Up To Broadcast Inauguration Over Internet
The News: Computerworld reports that more than 1 million people updated their Facebook status during the broadcast. Full report.
Why It Matters: Social sites are the new cable television – leverage it now (before big business really catches on).
Compiled by Mike Michalowicz, Author of The Toilet Paper Entrepreneur
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Tags: 2009, entrepreneur news, JANUARY 21, owner news, small business news, The News That Matters To Entrepreneurs, toilet paper entrepreneur
January 21st, 2009
Wow, 100 million credit cards.
I gotta question the security of these companies. Or is it just people being careless and signing up to any credit card they get in the mail.
January 21st, 2009
@Tom… A 100 million transactions, actually. But that is still a shee-aatttt load of cards. The security issue is the company for sure, not careless people.
- Mike
January 21st, 2009
Well that is true also, but not all companies are made the same. Neither are people. Neither is technology.
lol, so we are back to the drawing board