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Manage Your Business
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The Value of Home-Based Businesses to Economic Recovery
The challenge of America’s economic recovery, in the wake of the COVID-19 pandemic, is to spread it to every community – and especially those that have been historically excluded. The key to meeting that challenge is to appreciate the civic and economic value of an overlooked resource: home-based businesses. There are about 16 million home-based...
Top Fintech Startups in the Midwest 2022
The Midwest is rapidly becoming home to some of the best fintech startups in the country. Chicago, for instance, is becoming a top tech hub for fintech startups, seeing massive growth and funding for its companies. In Columbus, the city’s long history with top banking institutions has created a fertile ground for fintech startups to...
Resilience in the Face of Crisis: How to Rise Up to Challenges
The following is an excerpt from "Rise Up: Leadership Habits for Turbulent Times" by Mike Watson and Ali Grovue. Copyright 2022 by Figure 1 Publishing. Through COVID-19, my team and I at Ignite Management Services came to understand that while resilience may not feel particularly important when times are good, it is essential when...
Your Technology Company Needs E&O Insurance: Here’s Why
Every business has unique risks that can seriously harm its operations if not properly addressed. As a business utilizing technology to produce and deliver products or services, it’s important to recognize and take precautions against risks that your commercial general liability (CGL) coverage doesn’t include. Technology professional liability coverage, also referred to as tech errors...
Win a Business Negotiation in 3 Simple Steps
Getting what you want does not always come easily. You have to work for it. But, if you are properly prepared, you can conquer almost any business dilemma. Things do not always go as planned, and it can be tough trying to negotiate with someone who just will not budge. There is a myriad of...
10 Tips for Landing a Product Licensing Deal
When you’ve got a great idea for a product, there’s an important decision to make right up front: Do you want to build a brand new company from the ground up in order to commercialize the product, or do you sign a product licensing deal with a preexisting company that already has the resources in...
Business Entity Types Affect Financing Options
One of the most important decisions you’ll have to make for your new business is to determine a business entity type. While the topic may seem daunting for new entrepreneurs, establishing a business entity early on is vital because the structure you choose will have financial and legal implications for your business. One of the...
5 Ways to Leverage Crypto to Scale Your Business
For businesses to grow and scale, they need to find new and innovative ways to improve their products and services and make their business processes more efficient. One way that many businesses are achieving these goals is by tapping into the world of cryptocurrency. Cryptocurrency adoption among businesses and consumers has never been higher. It...
WJR Business Beat: Job Switchers Rewarded with Higher Pay (Episode 406)
On today's Business Beat, Jeff Sloan talks about how it's going to be more difficult and costly for small businesses to hire the best talent because job switchers during the pandemic have seen significant salary hikes. Tune in to today's Business Beat for more: Tune in to News/Talk 760 AM WJR weekday mornings at...
The Best Business Loans to Help with Payroll
When faced with the unexpected, coming up with the capital needed to pay employees on time can be challenging. While it’s important to budget and allocate cash accordingly, financial challenges and unplanned costs are common for all businesses. The good news is, there are a variety of small business lending options that can provide you...
Dell Helps Businesses Identify the Best Display Monitor for Each Employee
As companies of all types and sizes struggle to survive and thrive in highly competitive markets, increasing employee productivity can provide a crucial edge. Even small gains, multiplied across all employees, can drive considerable growth. The less quantifiable benefits can be even greater, as happier, more productive employees are far more likely to deliver exceptional...
Why SMBs Shouldn’t Be Afraid of AI
Data overload is a common challenge that unites businesses of all sizes; whether they’re multinational corporations with millions of customer records, or small and medium businesses (SMB) with hundreds of receipts to log. Large enterprises are handling their data by embracing AI in their droves – so why are some SMBs still holding back from...
The Role of a Recruiter and HR in Small Business
You’ve launched your business and it’s humming along. Like most entrepreneurs, you wear plenty of hats, including chief human resources (HR) and recruitment officer. Here’s the problem, though: You can’t handle all your employee-related responsibilities forever. If you do, you could find yourself in trouble. The issue isn’t just that you’re going to spread yourself...
Surprising Money Lessons Entrepreneurs Learned the Hard Way
"What business or money lessons have you learned the hard way?” A question like this calls the attention of entrepreneurs who have gone through difficult times with their valuable business lessons. This question not only garnered engagement but is also listed as one of the greatest pieces of advice we can get from successful entrepreneurs....
Why General Liability Insurance Isn’t Enough on its Own
General liability insurance is just that—general. While it provides coverage for a wide variety of potential losses, including claims for bodily injury, personal injury, advertising injury or property damage as a result of your products, premises or operations, if you’re sued for service errors, contract performance disputes or any other professional liability issues, general liability...
What Entrepreneurs Need to Know About the Home Office Deduction
You may see your home office as the place you take important business calls, the place you meet new clients, the place you focus best on crafting your products -- but what about the place you save money on your taxes? The home office deduction can save entrepreneurs a significant sum on their taxes. Here,...
10 Negotiation Techniques to Make You a Better Entrepreneur
Startup entrepreneurs are not always the best negotiators. They step into the shoes of a business owner for the first time and find (to their surprise) that nearly everything involves negotiation of some kind, and they may not always have those negotiation techniques down. Starting a business requires, quite literally, hundreds of negotiations. Some are...
WJR Business Beat: How to Make A Family Business Last Generations (Episode 402)
In this Business Beat, Jeff's guests explain what makes a family business thrive for generations. Tune in to today's Business Beat to learn the characteristics that lead to long-term success: Tune in to News/Talk 760 AM WJR weekday mornings at 7:11 a.m. for the WJR Business Beat. Listeners outside of the Detroit area...
The Time Is Now to Ensure You Have the Right Cyber Insurance
Jeff Sloan discusses cyber insurance with Michael Spath and Kapnick Vice President Melissa Selke. Here are highlights from that conversation about why your small business needs to make cybersecurity protection a priority. Jeff Sloan, Founder & CEO of StartupNation: Welcome to this edition of Startup Nation. We're focused today on cyberinsurance. We've got Michael Spath,...
5 Ways to Retain Talent by Using Relational Intelligence
The following is adapted from "Relational Intelligence: The Five Essential Skills You Need to Build Life-Changing Relationships" by Dr. Adam C. Bandelli. Stress affects all of us differently. Since the start of the COVID-19 global pandemic, employees have had to deal with various challenges in both their personal and professional lives. The lines between our...