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Text Version   RSS   Subscribe   Unsubscribe  Archive   Media Kit   September 16, 2015

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Now is the time to think about your small business succession plan
Entrepreneur
More than 50 percent of all small business owners are 50 or older, according to the U.S. Small Business Administration. That means many of America's 28 million small business owners are coming to that point in their lives when they need to think about a transition for their businesses. A survey earlier this year by CNBC and the Financial Planning Association found that while 78 percent of small business owners intend to sell their businesses to fund their retirements, fewer than 30 percent have a written succession plan. That's not a recipe for success.
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The thing growing small businesses have in common
Business News Daily
Small businesses that have seen increased sales, revenue and profitability over the past year credit their success in part to an increased investment in technology, according to a new study from the financial services company Bank of the West. Overall, 52 percent of businesses experiencing growth have bolstered their technology budget over the past year, compared with only 15 percent of declining businesses.
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SPONSORED CONTENT


4 undeniable ways to stay ahead of the competition on social media
Small Business Trends
Social media marketing has gone from being a "good to have" tool in your marketing toolbox to one of the first go-to platforms that new businesses promote themselves on. It's not just new businesses. Established businesses and known brands spend millions of dollars promoting themselves and engaging with their users on a one on one basis via social media. In 2014, advertisers worldwide spent a collective $17.74 billion on social media. That figure is set to go up by over a third this year.
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The 7 attributes of the most effective sales leaders
Harvard Business Review
Every salesperson knows the quality of their sales manager will have a profound impact on their own success. A recent study proves this point. Sixty-nine percent of salespeople who exceeded their annual quota rated their sales manager as being excellent or above average. In addition, the quality of the sales organization is directly associated to the quality of sales leadership. Fifty-six percent of salespeople who rated their sales organization as excellent also rated their sales manager as excellent — compared to only 3 percent who rated their organization as average.
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PRODUCT SHOWCASE
  Shoppers Buy 52 Times/Second

That's right - Every 52 seconds, shoppers buy a Little Debbie SKU. Are you getting a piece of that pie? 6 Little Debbie products are available to vending operators including the Double Decker Oatmeal Creme Pie, Nutty Bars, Zebra Cake, Fudge Brownie, Fudge Round and PB Creme Pie. Contact foodservice@mckee.com for samples and information on Fresh, FOA and Fit Pick Options.
 


4 tips on giving better feedback to your employees
By Betty Boyd
Do you ever wonder how you are doing each day in your current job? Do you only get an annual performance review and wish it were more frequent? Employee feedback is one of the hardest areas a leader must deal with. Each employee has his or her own personality, quirks and performance. And each may respond differently to both positive and negative feedback. Giving feedback can result in some conflict, but a leader must be able to give both types.
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BEVERAGE NEWS


Coffee jumps as traders cover short bets
Nasdaq
Coffee prices jumped higher as traders bought futures to cover short positions in anticipation that the market is due to move higher. Arabica coffee prices for December rose 2.5 percent to $1.1945 a pound on the ICE Futures U.S. exchange. Investors, hedge funds and other money managers betting on lower prices outweighed bullish investors by 22,410 contracts as of recently, according to a weekly report from the U.S. Commodity Futures Trading Commission.
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6 things you didn't know you could do with coffee
USA Today
Coffee is basically the glue that keeps college kids together. Whether they're trying to finish that paper they procrastinated on, or trying to stay awake during that 8 a.m., coffee is there to help. Check out these six coffee hacks that will make you an even bigger coffee addict then you already are.
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FNC reports: Colombian coffee production reached 1.3 million bags In August 2015
VendingMarketWatch
Colombia, the world's leading producer of mild washed Arabica coffee, produced a total of 1.3 million 60 kilo coffee bags in August 2015. This meant a 10 percent increase compared to the bags produced during August 2014. Year to date production (January-August) increased 13 percent by reaching nearly 9 million bags. Similarly, during the past twelve months (September 2014-August 2015), Colombian coffee production reached 13.2 million bags.
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Kenya eyes Chinese tea market
Xinhua News Agency via Global Post
Kenya said that it is currently formulating strategies in order to export tea into the Chinese market. The Interim Head of the Tea Directorate Elizabeth Kimenyi told Xinhua in Nairobi that the Chinese market will help to diverse tea export markets. "We want to reduce our reliance on traditional markets such as Egypt, Britain and Pakistan in order to reduce price fluctuations," Kimenyi said on the sidelines of the Africa Coffee Outlook Conference which kicked off in Nairobi recently.
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CORPORATE SOCIAL RESPONSIBILITY


5 ways to incorporate CSR into leadership development
GreenBiz
If your company is looking for an innovative way to develop global leadership skills, emotional intelligence and resilience, consider developing leaders from the inside out through corporate social responsibility — specifically, through social sabbaticals.
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Brands can harness the power of CSR
Business Standard
It has been over a year since corporate social responsibility became a legislative mandate for companies. The voluminous 294-page act necessitates companies to set up a separate board committee and allocate 2 percent of net profits in the last three years to CSR activities. This sounds simple and empirical, but leaves plenty of room for ambiguity. While NGOs are eagerly waiting for the floodgates to open, corporates are wondering where to start.
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TRENDING ARTICLES
Missed last week's issue? See which articles your colleagues read most.

    How to leave a great first impression (By Kelly Sharp)
Critical items every small business website needs (Business.com)
A brief history of the tea bag (TIME)
How to hold meetings and still keep production flowing (Small Business Trends)
Why transparency in marketing is key for the customer experience (Forbes)

Don't be left behind. Click here to see what else you missed.

 
Keeping In Touch With NAMA
Colby Horton, Vice President of Publishing, 469.420.2601
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Christina Nava, Content Editor, 469.420.2612  
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Roni Moore, NAMA VP of Marketing & Communications, 312.346.0370, ext. 239   

Kelly Doherty, NAMA Marketing & Communications, 312.346.0370, ext. 242   

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