Advice for Small Businesses: Part III

August 8, 2012 Debbie Jacobs In the News

Last month, the CNBC Institutional Investor Delivering Alpha Conference hosted finance experts from hedge funds, private equity, banking and more. They discussed the current economic situation, job growth and employment, and more.

The event also brought to light several tips relevant to small businesses. One addresses the important issue of local market understanding and local partners. The Huffington Post explains:

“Jim Leech, president and chief executive officer of the Ontario Teachers’ Pension Plan said “we put people on the ground to understand what is happening in each market.” Afsaneh Mashayekhi Beschloss, president and chief executive officer of the Rock Creek Group, echoed “having local partners and understanding is critical.”

Small business does not only mean domestic business. Whether your small business serves clients in the immediate area where it is located, other cities throughout the country or other countries in the world, having and applying knowledge of market practices specific to each locale is a differentiator.

Each local ecosystem has its own written and unwritten rules. Learning and developing experience with the business and operating culture, as well as nuances of a region are critical inputs to analysis, decision-making and any market delivery strategy.”

Advice, CNBC Institutional Investor Delivering Alpha Conference, hedge fund managers,

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