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Latest Business News

Organizations Making Headway in Meeting New Demands on Their Workforce

Organizations Making Headway in Meeting New Demands on Their Workforce

7/10/2020

In the past few months, companies realized the need to adapt their digital transformation faster. Companies that had plans in the pipeline for their organizations have suddenly lost their fear of taking the plunge and managed to make changes in just a few weeks.

Recent Data Suggests That Starting a Business in a Recession Isn't Necessarily a Bad Idea

Recent Data Suggests That Starting a Business in a Recession Isn't Necessarily a Bad Idea

7/9/2020

It’s easy to assume that someone who decided to go into business in recent months couldn't have picked a less opportune time. However, some businesses are benefiting from the global crisis instead of hanging on for dear life. In fact, during the first month of this pandemic, Amazon’s net worth was reported to have increased by $24 billion.

As Retail Sales Rebound, Small Businesses Still Feel the Brunt of 2020's Unprecedented Events

As Retail Sales Rebound, Small Businesses Still Feel the Brunt of 2020's Unprecedented Events

7/8/2020

Walmart, BJ’s Wholesale Club, Lowe’s, and Home Depot are among the large companies that can claim to have felt the increase of 17.7% in retail sales in May compared to the figures of April. This has surpassed the 8% that had been forecast by many experts.

7 Tips to Manage Freelancers in a Post-Pandemic World

7 Tips to Manage Freelancers in a Post-Pandemic World

7/7/2020

Many companies have shifted to on-demand employees to optimize costs, survive and flourish in a post-COVID 19 world. While there were contingent employees for many years, very few companies relied principally on independent contractors and freelancers. Contracting positions were primarily open to highly experienced administrative professionals or seasonal employees.

Working From Home Could Cause Employee Mental Health Issues

Working From Home Could Cause Employee Mental Health Issues

7/6/2020

The way the world works has changed over the last few months, and changes in work schedules have had quite an impact on all aspects of our lives. Most significantly, mental well-being has taken a hit: widespread shutdowns have limited mobility, and constant isolation has begun to affect some household relationships.

Cloud Hosting Market Report to Be Released in July, With Record Figures Expected

Cloud Hosting Market Report to Be Released in July, With Record Figures Expected

7/5/2020

According to a report from Big Market Research, the revenue for cloud hosting services is predicted to hit an all-time high. Indeed, the boom in cloud hosting signifies a desire for portable data storage with minimal maintenance costs. Such technology could be the answer for many small businesses.

How the Travel Industry Responded to COVID-19

How the Travel Industry Responded to COVID-19

7/3/2020

The novel coronavirus has caused a widespread alteration in regular life around the world. Many businesses have already permanently closed their doors, with companies and businesses in hospitality, tourism, arts and entertainment, and beauty and cosmetics seeing a sharp decline in annual revenue.

Why You Should Make Your Business More Sustainable in 2020

Why You Should Make Your Business More Sustainable in 2020

7/2/2020

Aside from the obvious benefits for the environment, being sustainable is proven to improve your company’s reputation and financial value, according to research by the Sustainable Business Network.

IMF: Indian Economy Will Contract by 4.5% This Fiscal

IMF: Indian Economy Will Contract by 4.5% This Fiscal

7/1/2020

As the Indian economy continues its battle to recover from the devastation of COVID-19, pandemic’s impact has once again been reiterated by a report from the International Monetary Fund (IMF). The report projects a sharp contraction of 4.5% in this fiscal.

Cinemas Are Set to Reopen Throughout the US With Strict Safety Measures In Place

Cinemas Are Set to Reopen Throughout the US With Strict Safety Measures In Place

6/30/2020

Good news for movie aficionados: the nation’s biggest theatre chains are preparing to open up their cinemas to the public once again in July. The reopening comes with new rules to be followed, and the timeline for how long these guidelines will be in place is, for now, at least, undetermined.

Growing a Business by Focusing on Health

Growing a Business by Focusing on Health

6/29/2020

In 2018, Elon Musk recommended that people need to work "80 to 100 hours per week" to change the world. Businesses certainly need lots of attention, especially in the early days; in that sense, Musk is right. However, this cannot be healthy. Entrepreneurs that work long hours for extended periods risk suffering from burnout and unsustainable stress.

How Yoco Managed to Raise $20 Million in Venture Capital Funding

How Yoco Managed to Raise $20 Million in Venture Capital Funding

6/29/2020

Yoco is a South African company that makes card payments possible for the informal, rural, and SME merchants. They started the business in 2015, nine months after similar businesses. Instead of worrying about their late entry into the market, they worked on perfecting their business model.

5 Actions You Can Take to Make Your Business Greener

5 Actions You Can Take to Make Your Business Greener

6/28/2020

It is no longer a debate that everyone must do their part to help preserve the planet on both the individual and the industry level — it is a fact. According to the UNF Center for Sustainable Practices, building a sustainable business is based on three principles: people, planet, and profit.

How One Entrepreneur Survives Challenges Like COVID-19

How One Entrepreneur Survives Challenges Like COVID-19

6/28/2020

Jay Kamhi, the 59-year-old founder of Kamhi World Toys, has been an entrepreneur since he was a teenager, spending the first 20 years as a vendor on the streets of New York.

Is a Pandemic the Best Time for a New Product?

Is a Pandemic the Best Time for a New Product?

6/27/2020

Despite the slump in consumer spending during the pandemic, companies such as Glossier and Tenzing have been trekking full steam ahead when it comes to new product launches.

5 Organizations That Announced Generous Research Grants in 2020

5 Organizations That Announced Generous Research Grants in 2020

6/27/2020

The pandemic has tilted the economy downward, and many people looking for ways to move on. Fortunately, there are companies around who are willing to give out generous grants for research.

The 5 Most Popular Credit Cards of 2020

6/25/2020

The are several benefits to owning a credit card, such as keeping track of your transactions, building a credit score, borrowing without paying interest. The list is endless, so you should check out these options and get a credit card right away.

5 Things Every Small Business Owner Should Consider for Their 2020 Tax Filings

6/25/2020

The majority of the measures you might have taken for your previous tax filing expired on Dec. 31, but not all of them. There are still several actions that taxpayers should take before July 15 to help minimize the blow. Some have been available to taxpayers for years, while others stem from last year's Tax Cuts and Jobs Act.

The Top 5 Countries for Successful Startups in 2020

6/24/2020

Entrepreneurs host a multitude of different skills, and their ability to calculate new business ventures has become a pivotal driving force in the global economy. An index created by the Global Entrepreneurship and Development Institute has set out to measure the quality and complexity of intertwined entrepreneurial skill sets, as well as how they function on a global level.

Big Things Happening in Ecommerce in 2020

6/24/2020

Ecommerce is gearing up for some significant changes in the way it works. The global commerce market predicts that by the end of 2020, ecommerce sales will make up 16% of all retail sales globally, a drastic change that has happened over only a number of recent years.

Bestselling Business Leadership Books to Read in 2020

6/23/2020

Having a great boss makes any job easier and more worthwhile. Enjoying better management and organizational setups in any occupation can give employees higher levels of morale, and one can hope to see an increase in production output.

The Latest US Government Statistics on Startups

6/23/2020

According to the US Census Bureau, the highest five-year survival rate for new businesses is 51.3%, and founders who have had a previously successful business have a 30% success rate with their next business venture. More than 80% of successful business owners admit that they have the right qualifications and backed up experience to run a company — even with limited cash.

5 of the Latest Research-Based Steps for a Startup Marketing Strategy

6/22/2020

All marketers want to be in on the latest techniques that can deliver maximum efficiency and competitive advantage. Want to up your game too? The latest marketing research indicates that the objective goals of startups and small businesses are to increase sales and maximize their profits.

The Motivational Forces Behind Entrepreneurs and How Investors Can Support Them

6/22/2020

Today, most venture capitalists offer much more than funding and understand that budding entrepreneurs also need support through inspiration and incentives, no matter their background, culture, or gender.

two engineers working on a piece of new technology

AI Quarterly Update: How Artificial Intelligence Impacts Startups

6/21/2020

The latest trends in AI are astounding: according to Sundar Pichai, Google’s CEO, it is crucial in our lives. Speaking at a San Francisco town hall event, Pichai asserted that “AI is one of the most important things humanity is working on. It is more profound than, I dunno, electricity or fire.”

man looking at analytics on his computer

Industry Update: The Latest Digital Analytics Tools for Startups and Small Businesses

6/21/2020

The new digital era, defined as 2020 and beyond, requires a fresh approach to business tools — particularly analytics and big data tools. Here is the latest news to stay ahead of the curve.

two stacks of coins with little plastic figures on them

What Do We Really Know About the CARES Act?

6/20/2020

House Democrats passed a largely symbolic bill last May rolling back two controversial tax provisions that had been slipped into the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

Startup News: Business Funding in a Post-Pandemic World

6/20/2020

Investor interest and capital funding for startups started to drop toward the end of February 2020, putting a halt to a year that began with an upward trend. All early indications were that 2020 was set to match the record highs of 2018, with high investor demand and plenty of capital available for budding and existing entrepreneurs.

Former Fed Chair: It’s “Crazy” and “Cruel” Not to Extend the $600-Week Enhanced Unemployment Benefits

6/19/2020

At the end of July, the extra $600 a week in enhanced unemployment benefits that jobless workers currently receive from the federal government will expire.

Are Uber and Lyft Drivers Employees?

6/19/2020

In recent months, Uber and Lyft drivers had been spotted on strike while demanding higher pay and an increase in benefits. Drivers from these companies have found themselves misclassified in their respective jobs, being labeled as independent contractors. This misclassification resulted in a decrease in the number of benefits available to their hard-working drivers.

Will Live Events Be Enjoyed Virtually From Now On?

6/19/2020

More than eighty million events worldwide have either been canceled or rescheduled due to the virus.

With Employment Rates Rising Again, Startups Are Planning Their Recruitment Options

6/19/2020

According to the most recent government statistics, nonfarm employment rose dramatically in May. These job creations were mostly in the leisure and hospitality business, but they clearly indicate that business is picking up again.

As Some Americans Return to Work, Top Business Advisers Suggest Using Nature to Improve Productivity in the Office

6/19/2020

With thousands set to return to work, the focus now needs to be on how business owners can help their employees in these unprecedented times. Stress is something that has no benefit to anyone. So, how can business owners and workers kill stress and boost productivity in the office? This question is especially important after such a long lay off; the need to motivate your employees is arguably more challenging than ever.

New Paycheck Protection Program Law Extends the Period From 8 Weeks to 24, Reduces the Payroll Percentage

6/19/2020

Congress has just passed the 2020 Paycheck Protection Flexibility Act and improved the Paycheck Protection Program (PPP) for small business loans.

Survey Shows a “Dramatic Decline” in Fundraising Due to Global Pandemic

6/19/2020

According to Jeff Martin, Senior Director as EAB, front-line fundraisers are reported to be “...having trouble getting new prospects to take meetings. They’re having trouble opening up the conversation about giving with people who they don’t have established relationships with.” While this study focuses primarily on university fundraising, the same decline can be seen in the business world.

5 Ways AI and Automation Are Impacting Businesses in 2020

6/19/2020

The world has gone through immense changes in the last decade, meaning businesses and companies are quickly shedding traditional ideas and making space for modern adaption. Artificial intelligence (AI) and robotic process automation (RPA) have become some of the most noteworthy additions to the world of business.

Even in the Current Economic Climate, Your Idea Could Be the Next Brilliant New Business Launch

6/19/2020

Economic downturns and recessions may appear like a bad time for aspiring entrepreneurs to develop their business ideas. However, as consumer spending drops and millions of companies around the globe scrutinize their business models, history has shown that recessions create space for newcomers with great ideas in the business community.

What the Lower Unemployment Rate Really Means for the Economy

6/19/2020

The unemployment rate dropped to 13.3% in May, bringing some long overdue good news regarding the desperate state of jobs in the US. It also brings good news for the US economy as a whole.

Green Industry Suggestions for Startups in 2020

6/19/2020

Green entrepreneurship, environmentally friendly, and green ventures are a few of the terms that describe the revolutionized green industry that is becoming more and more popular and is being followed by many businesses today.

The Latest “Big Data” Trends and How They Impact Startups

6/19/2020

According to a recent statement by renowned SAS author Philip Russom, one of the definitions for the term “big data” is based on the 3Vs: volume, variety, and velocity. The latest research on big data and its impact on business backs this up with some interesting findings.

LanzaTech’s Renewable Jet Fuel Technology Is Ready to Take Off

6/19/2020

Sustainable aviation fuel is about to become available to the commercial market through the technologies developed by LanzaTech over the last 15 years. The technology that creates ethanol from carbon emissions from various sources, including power plants, can be used as fuel and for chemical manufacturing.

The Nation’s Small Business Crisis Could Explain the Recent Boom in Ecommerce Activity

6/19/2020

Internationally, governments are reporting a downfall in businesses and the economy. However, a lot of online businesses now have expanded their services from the local market to the global market space in an attempt to keep their businesses moving along. If your business is one that is facing economic challenges during the pandemic, this could be a solution to help keep you afloat.

Unemployment Rate in the US Falls to 13.3% as Businesses Begin Reopening

6/19/2020

Recent reports indicate that many people are still financially devastated and out of work due to the global pandemic. However, data is showing that the unemployment rate has recently declined.

Direct-to-Consumer Brands: Listen Up!

6/19/2020

Upon Nike’s switch to direct-to-consumer (DTC) in late 2019, many companies began considering officially making the change to a direct-to-consumer business model. As we experience new challenges, struggles, and ways of living, there are problems, tips, and tricks for the world of direct-to-consumer businesses that you should know.

Treasury and IRS to Delay Tax Payment Deadline by 90 Days

6/19/2020

That the IRS has extended their payment deadline is a relief to those facing a recent financial hit. This extension grants people extra time to pay their taxes and also gives them time to learn more about their tax filing process.

10 of the Fastest-Growing US Companies in 2020

Hundreds of businesses are formed every year, but not all of them succeed. While many businesses end up failing, the following ten have been incredibly successful. For these companies, innovation, creativity, and resilience have paid off — and in a big way.

Paycheck Protection Program: A Second Wave

6/19/2020

Companies with fewer than one hundred team members, self-employed individuals, and sole proprietors have all been looking forward to the new revival of the Paycheck Protection Program.

2020’s Highest-Paid CEOs Revealed

6/19/2020

The world's wealthiest CEOs rake in millions to billions every year with their success stories. From Arora to Zaslav, we’ve compiled a list of the highest-paid CEOs of 2020 and their notable feats.

Remote Communication Now Will Save Your Company From Miscommunications Later

6/19/2020

As the fear of the virus still lingers, the world is beginning to open back up with exuberant levels of caution. As a business owner, you might have become accustomed to seeing your customers filter in and out of your stores.