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Why A Bad Economy Is Great For A Startup Business

Adiantku 3 years ago 2 min read

The credit card processing system that we take for granted every day has a lot of moving parts. Sleep is considered as one of the most important aspects of human life. Without proper sleep, one cannot give his full potential the next day. And it has been said we spend ⅓ of our life sleeping. So, let’s understand how we can sleep better and faster. With the social philanthropic efforts of Warren Buffet and Bill Gates gaining a high degree of attention, and many leaders engaging in activities to promote social advocacy, corporations are seeking ways to also gain exposure with social entrepreneurship. Social entrepreneurship from the corporate perspective can be defined as corporate social initiatives used by a corporate entity as vehicle to show support for social causes. In recent years, many Fortune 500 companies have implemented social ventures with the intent of enhancing their corporate image through providing funding for various social causes. Though the US economy continues to expand, fears of a recession and political uncertainty seem to have caused many small business owners to act cautiously. A 38 percent drop in the share of those in their first year of business and a 13 percent decrease in the share of those looking to open an additional location suggests small business owners are looking at a back to basics” approach. This emphasis on business fundamentals shows with more than three-quarters of respondents focusing on growing their current business location and a 13 percent year over year drop in those interested in opening an additional location. Just as EU citizens’ economic worries peaked, the European Commission mobilized all of its resources to protect lives and livelihoods through the SURE program, including a €100 billion solidarity instrument to help workers keep their incomes and help businesses stay afloat. Children have a biological preference for sweet and salty tastes and build lifelong relationships with brands, making them especially vulnerable to marketing techniques at a young age. Worldwide, approximately 42 million children younger than five years old and 155-200 million school-aged children are overweight or obese. Another change that happen between the two time periods is the creation of the online stock market, and other markets like the money market no longer need expensive broker tied costs. This allows anyone that has some extra money to play the market, like it was a horse race. These amateur investors are the trend followers, and they lack knowledge of the system. Why should a business accept credit cards? Accepting credit cards is usually a good thing to do because it offers customers a convenient payment option. The downsides of course, are fees and additional point of sale equipment, like terminal, pin pads and the like. The benefits of fees are in fraud protection, and faster payments to the merchant.

Tags: business economy great startup

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