November 27, 2020

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When you have a small business, there are many different things you will have to do to make it successful. No one is born an entrepreneur. The reason why some people can succeed their parents’ business so well, or become successful entrepreneurs, is because they learn entrepreneurship skills like selling, marketing, leadership, management and communication since young. They also mix with people who are entrepreneur-minded (like their successful parents), or people who have built multiple successful businesses. Essentially, with many of the online banking options the business has no need to ever visit a bank, unless they need cash and a drive through automatic teller machine can handle that transaction. To manage others, you need to manage yourself first. Good leaders are like that – they teach by example. You’d be more credible with managing and leading others if you’ve been there and done that. Leadership by example however should … Read the rest

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Entrepreneurship and leadership development go together. The researchers developed and deployed five scenarios to determine whether financial incentives would influence subjects. Specifically, 45.9% of participants in the nursing scenario (240 of 523) indicated they would violate the federal law for an amount of money ranging from $1,000 to more than $10 million. About 35% of participants in the doctor scenario (185 of 523) and 45% of participants in the insurance scenario (236 of 523) agreed to share HIPAA-protected information. The larger the financial reward , the more participants agreed to violate HIPAA in all five scenarios. Dan Mendelson, CEO of consulting firm Avalere Health, downplayed the impact of the law on small businesses , saying many can reduce their costs by offering plans with high deductibles or co-payments. The researchers focused on people who enrolled in the program’s first year, starting in April 2014, and hadn’t had health insurance before … Read the rest

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As Obama takes presidency, small business financing options have the potential to undergo various changes. While most large corporations partner with merchant banking services to finance mergers, acquisitions, and to give valuable financial advice for complex financial deals, smaller businesses usually depend upon merchant services to provide credit, debit, and gift card processing services. The goal for partnering is to increase revenue by accepting a wider range of customer payment options. Many times, the merchant services will help to organize and simplify business operations with timely financial advice. From very late 2006 through Oct 2008, as housing prices began to fall, and then plummet, the financial markets (a small part of which were Fannie Mae and Freddie Mac) started to sweat and squirm under the declining value of their sub-prime based portfolios. Huge pressure built up as the financial markets, with the help of the Federal Reserve and President Bush, … Read the rest

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