According to this Business Week article you best get blogging asap, because you can bet that all your competitors are doing it. 
This is really a hot discussion right now amongst business owners: to blog or not to blog.  Seems to be a boon for some and a bust for others.  For me, as a free, fun, and easy way to get the word out about my company and all my silly ideas, it's more of a "why not!?" question.
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