Day: May 5, 2020

Yelp Launches New ‘Yelp for Business’ Platform, Features


Yesterday (May 5, 2020), Yelp, the popular online local business directory, announced a major change and enhancement called Yelp for Business. It is “a new way for business owners to understand their performance and manage their presence on Yelp,” according to Alon Shiran, Yelp’s director of product management.


Yelp for Business is an entirely reimagined platform designed to improve the business owner experience with a fresh new user interface that gives business owners more transparency and insight into their Yelp Business Page. This release is the first step in the company’s plans to completely overhaul the business owner experience in order to increase customization and efficiency on the Yelp platform by the end of 2020.”

Alon Shiran 
Yelp director of product management


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Updated or new features of Yelp for Business include:

  • Recommendation Cards: Step by step prompts on how business owner sets up their profile.
  • Tips: Business owners will find “tips” sprinkled throughout the home page that will guide them toward the next best steps to reach consumers.
  • Content Feed: The new integrated content feed shares relevant information to business owners based on their particular category and industry. (At first, business owners will be directed toward COVID-19 related content specifically geared toward helping them get through this time.)
  • Faster load and response time: According to Yelp, the new
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Russia’s Sovcombank eyes post-Covid acquisition opportunities

The Covid-19 crisis will accelerate consolidation in the Russian banking sector by creating M&A opportunities, the co-founder of the country’s third-largest privately owned lender tells Euromoney.

Sergey Khotimskiy, who set up Sovcombank in 2001 with his brother Dmitry, says the sector will take a “significant hit” from the pandemic.

“We expect the net profit of the banking industry in Russia to be 50% lower in 2020 and 2021 than last year,” he says. “We also see growth at around zero this year.”

While he believes most local lenders will survive the crisis, Khotimskiy says it will likely prompt shareholders in less-profitable banks to look for an exit.

Sergey-Khotimskiy-2020-160x186.jpg

Sergey Khotimskiy,
Sovcombank

“There will be some smaller bank failures, but these days even medium-sized banks in Russia are quite strong,” he says. “However, there are several players that have strong balance sheets but are struggling in terms of their business model and failing to achieve good returns on equity.”

That could create an opportunity for Sovcombank, which has a track record of snapping up unwanted assets after crises, often from foreign shareholders.

During the past decade, the bank has acquired the Russian banking assets of General Electric, Nordea Bank, Garanti Bank and India’s ICICI Bank, as well as auto lender Metcombank and – most recently – Moscow-based SME specialist Rosevrobank.

Khotimskiy

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Keep Your “Google My Business” Listing More Timely and Thorough

States, counties, cities, and other jurisdictions will one day (soon we hope) start their journeys to a post-COVID-19 era. Small business owners need to let customers know constantly changing business updates, requirements, and how to access your products, services, food, and other offerings that make your business special. One of the things we will be doing over the next few days is reviewing our links to the guide we have compiled over the past few years: The SmallBusiness.com Guide to Google My Business.

To begin the process, Google is linking several Google services that feeds a small business’ information to Google My Business and an array of constantly updated maps.

Here are some Google-related basics

  1. Update business hours

    If your business is operating on reduced or shifted hours, you can update them on you Business Profile through Google My Business. Do this so that customers know exactly when you are able to reach them.

    Tip: Double check your phone number and make sure it is correct. Also, turn on messaging to make sure customers can reach you! 

  2. Share a COVID-19 update

    Since every business’s response to coronavirus is unique, Google has introduced COVID-19 posts – featured prominently in a carousel on the merchant’s Business Profile in Search (and coming soon to Maps). This is how businesses can communicate

Read More

Keep Your “Google My Business” Listing More Timely and Thorough

States, counties, cities, and other jurisdictions will one day (soon we hope) start their journeys to a post-COVID-19 era. Small business owners need to let customers know constantly changing business updates, requirements, and how to access your products, services, food, and other offerings that make your business special. One of the things we will be doing over the next few days is reviewing our links to the guide we have compiled over the past few years: The SmallBusiness.com Guide to Google My Business.

To begin the process, we are linking to several Google services that feeds your information to Google My Business and an array of constantly updated maps.

Here are some Google-related basics

  1. Update business hours

    If your business is operating on reduced or shifted hours, you can update them on you Business Profile through Google My Business. Do this so that customers know exactly when you are able to reach them.

    Tip: Double check your phone number and make sure it is correct. Also, turn on messaging to make sure customers can reach you! 

  2. Share a COVID-19 update

    Since every business’s response to coronavirus is unique, Google has introduced COVID-19 posts – featured prominently in a carousel on the merchant’s Business Profile in Search (and coming soon to Maps). This is how businesses can communicate to

Read More