Google prunes some of its branches

It is that time again at Google when it has to prune some of its various branches. Since Google co-founder Larry Page took over the reins as CEO in April last year, Google has been reducing and trimming its projects to renew and regain focus.

Google has come under investor scrutiny as it is facing increasing competition from both Apple and Facebook.

This spring cleaning is part of the various cost cutting and refocusing efforts. In the latest cleaning exercise announced a few weeks ago, Google will be pulling the plug on seven of its projects.

1. Google Knol

Google launched Knol in 2007 to help improve web content and as a challenge to Wikipedia that enabled experts to collaborate on in-depth articles. Knol will be available till April 30, 2012, to enable users to download their Knols to a file and/or migrate them to the WordPress platform. After that till October 1, 2012, Knols cannot be viewed but users will be able to download and export content. After October 2012, the Knol content will no longer be available.

2. Google Gears

Google has closed the Gears browser extension for creating offline web applications and stopped supporting new browsers in March this year. From December 1, 2011, Gears-based Gmail and Calendar offline will not work across all browsers, and Gears will not be available for download from late December this year. Google announced that this is part of their effort to help incorporate offline capabilities into HTML5. Users can access Gmail, Calendar and Docs offline in Chrome.

3. Renewable Energy

Google has abandoned its ambitious plans to make renewable energy cheaper than coal. Google had started this project in 2007 as a means on driving down the price of renewable energy with a strong focus on solar power. Google announced that the head of the project, Bill Weihl (William E. Weihl) has left the company and it believes that other organizations were in a better position to take its efforts to the next level.

4. Google Wave

Google has earlier stopped further development on Google Wave. Now it has announced that as of January 31, 2012, Wave will be available as only a read-only version and users won’t be able to create new ones. This will be completed closed on April 30, 2012. Users can transfer individual waves using the existing PDF export feature.

5. Google Search Timeline

Google will be removing this feature that displays a historical graph of results for a search query. Users will now be able to restrict any search to particular time periods using the refinement tools on the left-hand side of the search page. Uses who wish to view graphs with historical trends for a web search can use Google Trends or Google Insights for data since 2004. If you need more historical data, the “Ngram Viewer” in Google Books offers the same information.

The Google Trends Product Logo

6. Google Friend Connect

Google Friend Connect, which is a social feature, will be discontinued from March, this is because Google wants people to start using the Google Plus social network instead.

7. Google Bookmarks

The feature will become unavailable from December 19, 2011. This enabled users to share bookmarks and collaborate with friends. The existing bookmark Lists will be retained and labelled to make it easier to identify. The other features of the Google Bookmarks will keep on functioning. The change won’t affect the non-English users as it was an English only feature.

This spring cleaning is only a sign that Google knows that it currently faces big competition, so it needs to make sure that it discontinues disused/inefficient services it provides.

Business networking in the 21st century

Business networking in the 21st century remains a critical component of building and maintaining contacts with like-minded entrepreneurs and existing and potential clients.

Business Networking in the 21st Century

Networking in today's world can be a very different prospect to yester year. Technology has created a whole host of new platforms with which businesses can network effectively.

The internet and social media has made it easier than ever to communicate with people from relevant organisations and networks and share knowledge, attract new clients and recruit new employees.

The combination of new social media tricks of the trade with the traditional means of liaising with useful resources and forging new working relationships means business networking is multi-faceted in the 21st century.

Make use of LinkedIn

LinkedIn is arguably the largest business-related social networking site on the internet and consequently is a great platform to build and manage your professional identity. LinkedIn has over 10,000 groups that you can join and participate in discussions and debates whilst connecting with corporate blogs in an effort to engage with your professional network.

Shout about your expertise

Don’t be afraid to display your expertise to potential clients and fellow professionals. Use social media accounts on Twitter and Facebook to build a virtual contacts book and offer regular snippets of advice that add value to your followers’ day-to-day working lives. If you’ve got something more in-depth to say why not consider writing a personal blog that can be a great way of building contacts and trust in an informal manner.

Encourage word of mouth

One of the main benefits of social media networks is that they encourage effective word of mouth marketing for products and services. If the response is positive and it goes viral it can be a major coup for emerging businesses. Similarly, it can be a very damaging experience if businesses receive negative feedback. However, in the main it is great for brand exposure and for building trust with potential clientèle.

Show your face at events

In order to become a familiar figure to like-minded entrepreneurs and potential connections it is important to engage with local business networking organisations and show your face at as many events as possible.

Death of the business card? No way!

Although you could be forgiven for thinking business cards may be somewhat defunct in their purpose with the accessibility of the internet and social media, it is still a very successful tool for attracting leads and referrals in the 21st century. A business card still makes that all-important first impression of your business to potential customers and subsequently it should be eye-catching and memorable, whilst being a treasure trove of contact information without being mundane.

Be selective with new contacts

It is highly likely you will meet a multitude of names and faces when business networking in the 21st century. However, the likelihood of staying in contact with all your new connections is very slim. Consequently you should aim to be selective with the contacts you touch base with on a regular basis – ideally entrepreneurs and businesses that can offer you something extra.

Business networking remains a crucial skill for successful entrepreneurs and effective networking will certainly add an extra dimension to your businesses’ growth potential.

Daily Deal Market Ripe For Consolidation

According to Yipit, there are 384 daily deal websites operating in North America that it knows about. This number is almost certainly far higher once you consider all the smaller sites that are not able to run deals each and every day.

So is the market too saturated? Is the industry doomed to fail because there are too many competitors competing for an ever shrinking supply of customers?

In 1876 Alexander Graham Bell demonstrated the telephone and one of the biggest communications companies of the time immediately dismissed it with the famous quote:

“This ‘telephone’ has too many shortcomings to be seriously considered as a means of communication. The device is inherently of no value to us.”

That company was Western Union and the lack of foresight for this new technology meant they were never able to compete in the profitable telecommunications industry – an industry which they had previously dominated with their telegram service.

Between 1894 and 1904 over six thousand telephone companies went in to business and from there mergers, acquisitions and closures happened to consolidate the industry to just a handful of companies today.

In 1939 there were 132 railroads in America, today that number is just seven as mergers, acquisitions and closures meant huge consolidation in that industry.

An early 1900's American train

The sort of train that powered America in the early 1900’s

In 2005 there were a huge number of social networks available, Myspace, Orkut, Bebo, Friendster and Classmates to name but a few. Today? We have one site, Facebook as the market consolidated.

In 2007 there was just one daily deal website worth mentioning which was Woot, a hugely popular and profitable website that continues to grow and increase its revenues. After the launch of Groupon it spawned off thousands of clones around the world, over 400 of them in American alone.

Since 2009 there have been 72 acquisitions in the daily deal industry, 44 coming in the last 6 months alone. Groupon have gone for an expansion by acquisition business model with at least 8 buys under its belt, Google too is eyeing up the industry with several acquisitions in the daily deal market to expand its Google Offers programme.

There are plenty of other acquisitions too, LivingSocial have bought at least seven daily deal sites and BuyWithMe have purchased 6 daily deal sites before they too have been purchased.

So just like other new inventions and markets spawned hundreds of clones, it might look like the daily deal market is in decline as the number of sites decreases but there is still a very healthy merger and acquisition process taking place as the deal market looks to consolidate and become profitable.