Friday, August 29, 2014
Top Entrepreneur News

Fri, 29 Aug 2014 15:36:00 -0500

The California Supreme Court ruled that Domino's could not be held liable as an employer in an employee's sexual harassment case.

Fri, 29 Aug 2014 15:30:00 -0500

Starting a business requires a mentality that enjoys a mix of activities that include leadership, decision-making and problem solving.

Fri, 29 Aug 2014 15:00:00 -0500

This veteran explains the importance of creating a roadmap -- and delivering on it.

Fri, 29 Aug 2014 15:00:00 -0500

Don't lose hope when challenging projects seem to drag on. Use these tips to stay on track.

Fri, 29 Aug 2014 14:51:00 -0500

The tech giant recently completed test flights in Australia with a drone that hovers like a helicopter and flies like a plane.

Fri, 29 Aug 2014 14:30:00 -0500

Don't let your guard down when planning a getaway. Consider these tips to stay safe from criminals and online threats.

Fri, 29 Aug 2014 14:00:00 -0500

There is a massive problem of companies not pursuing customer inquiries right away, which is a huge opportunity for you.

Fri, 29 Aug 2014 13:30:00 -0500

The hardest part about being an entrepreneur isn’t coming up with the next genius idea, it's getting it out there.

Fri, 29 Aug 2014 13:13:00 -0500

After leading Rovio Entertainment for five years, Mikael Hed is stepping down as chief executive.

Fri, 29 Aug 2014 13:00:00 -0500

While many young techies are spending their money on nightlife, others are taking it a step further, by buying their own stake in restaurants and bars.

Fri, 29 Aug 2014 13:00:00 -0500

Before your kick-off your holiday weekend, check out the news business owners need to know.

Fri, 29 Aug 2014 12:30:00 -0500

Blogging has become the world's most crowded and competitive non-profession. The vast majority make peanuts and have close to zero market share.

Fri, 29 Aug 2014 12:00:00 -0500

Photos apparently outperform all other types of content on Google's social network.

Fri, 29 Aug 2014 11:30:00 -0500

Follow these tips to introduce movement into your otherwise sedentary day at the desk.

Fri, 29 Aug 2014 11:00:00 -0500

A huge majority of employees report being disengaged, mostly because they are ignored. Motivating them is often as simple as listening.

Thu, 28 Aug 2014 23:00:00 -0500

The power of mobile marketing to attract and retain customers turns against entrepreneurs who forget there is a person receiving that message.

Thu, 28 Aug 2014 22:30:00 -0500

Add these business titles to your book bag to get your thinking off the beaten path.

Thu, 28 Aug 2014 22:00:00 -0500

There are five interesting parallels between these two worlds that can help your staff close deals.

Thu, 28 Aug 2014 21:30:00 -0500

They're young and already changing the status quo. Discover and follow these four young entrepreneurs as they rise up.

Thu, 28 Aug 2014 21:00:00 -0500

Using software to develop leads can be effective, but keep four things in mind when forming a strategy.

Thu, 28 Aug 2014 20:30:00 -0500

The influence of a single customer's opinion will continue to grow in sync with the pervasiveness of social media.

Thu, 28 Aug 2014 20:00:00 -0500

Small businesses may think they have a disadvantage when it comes to competing against the big guns but one place they can shine is in delivering exceptional customer service.

Thu, 28 Aug 2014 19:54:00 -0500

Throwing curveballs during job interviews can help weed out candidates who possess valuable critical thinking skills.

Thu, 28 Aug 2014 19:35:00 -0500

It’s back-to-school season. Here are the leading universities producing the most VC-backed graduates.

Thu, 28 Aug 2014 19:35:00 -0500

In the latest lawsuit that attempts to define the line between independent entrepreneur and employee, the court ruled that FedEx Ground drivers are employees, not independent contractors.

Thu, 28 Aug 2014 19:30:00 -0500

If you can launch a product with limited funds, investors will take you seriously. Follow this advice to up your chances.

Thu, 28 Aug 2014 19:15:00 -0500

Viewing habits and advertising trends are poised for a dramatic and sweeping change.

Thu, 28 Aug 2014 19:00:00 -0500

Not all accelerator programs are created equal. Follow this list of do's and dont's to make sure you find the right one for your company.

Thu, 28 Aug 2014 18:45:00 -0500

Brad Pitt and Angelina Jolie’s secret wedding ceremony offers surprising insight into business success.

Thu, 28 Aug 2014 18:00:00 -0500

People want to talk with a person they trust before making the buying decisions that matter most.

Thu, 28 Aug 2014 17:30:00 -0500

People ignore sales pitches but love stories. Happily, it costs little to tell potential customers the story of you, your business and what you offer.

Thu, 28 Aug 2014 17:00:00 -0500

There's a secret to working with your spouse -- and it's not denial.

Thu, 28 Aug 2014 16:30:00 -0500

The heads of some of America's biggest companies divulge their personal and work habits.

Thu, 28 Aug 2014 16:15:00 -0500

Samsung and LG have announced new smartwatch launches on the heels of reports that Apple will unveil a long-awaited wearable on September 9.

Thu, 28 Aug 2014 16:00:00 -0500

You do not need to be a meth kingpin to know something about building an empire, but you could definitely learn from one.

Thu, 28 Aug 2014 15:57:00 -0500

Talk about a pivot. Sanrio received a boatload of publicity yesterday with the revelation that Hello Kitty is not, in fact, a cat.

Thu, 28 Aug 2014 15:30:00 -0500

There is a generational divide in how we view the value and depth of our co-workers.

Thu, 28 Aug 2014 14:49:00 -0500

The social network tries again to sell us on using its standalone messaging app.

Thu, 28 Aug 2014 14:30:00 -0500

Your startup's online presence has huge implications for winning funding and making sales. Listen to those who've learned the hard way.

Thu, 28 Aug 2014 14:15:00 -0500

This founder of a doggy boarding and daycare franchise uses apps to store passwords, stay connected to her workout buddies and handle travel plans.

Thu, 28 Aug 2014 14:00:00 -0500

Our society values skills, but everyone is obsessed with results. The problem with this is that it can become easy to get trapped focusing on results when you should really be building your skills.

Thu, 28 Aug 2014 13:00:00 -0500

How to deliver content and resources that your target audience will find valuable.

Thu, 28 Aug 2014 13:00:00 -0500

A new report predicts the dental sector will lead the growth in commercial 3-D printing over the next decade.

Thu, 28 Aug 2014 12:30:00 -0500

Some careful questioning to explore when employees recall being most enthused will tell you, and them, how they can be motivated on the job.

Thu, 28 Aug 2014 12:00:00 -0500

Four big ways to get responses from people the popular and famous.

Thu, 28 Aug 2014 11:30:00 -0500

Two franchisees spill on how they managed to make this fast-casual staple catch on in New England.

Thu, 28 Aug 2014 11:00:00 -0500

Public companies have much to gain from the power of video to showcase their executives and their message.

Wed, 27 Aug 2014 22:30:00 -0500

Context, the sharing economy and big data are worth considering when strategizing about how to scale a small company.

Wed, 27 Aug 2014 22:00:00 -0500

For entrepreneurs to succeed, they need to figure out consumers' needs and develop a product to solve these issues. Here are a few steps to help you determine product-market fit.

Wed, 27 Aug 2014 21:50:00 -0500

Scott is looking to wipe out the competition with an environmentally-friendly brand of toilet paper that cuts down on the 17 billion cardboard tubes it says are thrown away each year.

Wed, 27 Aug 2014 21:30:00 -0500

Keep your audience entertained with a video or photo that they want to see.

Wed, 27 Aug 2014 21:27:05 -0500

Why I proudly agreed to be part of the U.S. State Department's Speaker and Specialist Program to export entrepreneurism.

Wed, 27 Aug 2014 21:06:00 -0500

Target, Nordstrom and other big-name brands are using Curalate's latest feature to make their Instagram feeds more 'shoppable.'

Wed, 27 Aug 2014 21:00:00 -0500

The right time to become a better leader is today, tomorrow and every day that your team relies on you.

Wed, 27 Aug 2014 20:30:00 -0500

You need to influence people even before they get to your landing page by convincing them of the value you're offering.

Wed, 27 Aug 2014 20:06:00 -0500

This latest round of funding values The Honest Company, a maker of eco-friendly family and baby products, at close to $1 billion.

Wed, 27 Aug 2014 20:00:00 -0500

Both methods have advantages and drawbacks, and could determine how you file your taxes.

Wed, 27 Aug 2014 19:53:00 -0500

New research reveals that while we're all scared asking for advice will make us look like incompetent fools, it actually has the opposite effect.

Wed, 27 Aug 2014 19:39:00 -0500

The criticism of Uber's disruption of Lyft is misplaced. We should all be so competitive.

Wed, 27 Aug 2014 19:30:00 -0500

Research has shown that employees are spending time managing their teams instead of working, which cost companies big.

Wed, 27 Aug 2014 19:00:00 -0500

Naive optimism fuels the dream of building your own company but when you launch, it is time to get real.

Wed, 27 Aug 2014 18:58:00 -0500

A new online service aims to find accommodations for brave, broke college students who are traveling.

Wed, 27 Aug 2014 18:39:00 -0500

While the company's penchant for cancelling rides has been well-documented, the practice -- until now -- has remained largely misunderstood.

Wed, 27 Aug 2014 18:30:00 -0500

Consumers are, so far, unmoved by the prospect of the hyper-connected home and won't be until the technology is as easily used as a smart phone.

Wed, 27 Aug 2014 18:06:00 -0500

Vani Hari has already convinced Subway and Chick-fil-A to make big changes. Now, she's taking on Starbuck's favorite fall drink.

Wed, 27 Aug 2014 18:00:00 -0500

The quickest line producers might fall short in mastering the skills required of a manager. Here's a checklist of warning signs to watch out for.

Wed, 27 Aug 2014 17:30:00 -0500

Call it entrepreneurial serendipity, but businesses that embrace worthy causes are finding charitable giving is a powerful brand enhancer.

Wed, 27 Aug 2014 17:15:00 -0500

The workplace can be a difficult space to operate from a social perspective. Here are some things you'll definitely want to avoid.

Wed, 27 Aug 2014 17:00:00 -0500

A tech professional was not picking up on essential people cues. Playing cards cured him.

Wed, 27 Aug 2014 16:42:00 -0500

The first time Ryan Grepper took his tricked-out cooler idea to Kickstarter, he failed to make his $125,000 goal. The second time, his cooler became the most funded project in Kickstarter history. Here’s what he learned.

Wed, 27 Aug 2014 16:30:00 -0500

Marketers really need to know their customers, or risk coming off flat and factual. Build up the psychographics of your potential base.

Wed, 27 Aug 2014 16:22:00 -0500

Kleiner Perkins Caufield & Byers tendered a $20 million investment in the as-yet-unprofitable ephemeral messaging app last May.

Wed, 27 Aug 2014 16:00:00 -0500

To improve employee engagement and make positive changes in the workplace, leaders should be asking employees for their honest opinion about what is working -- or not working -- in the organization.

Wed, 27 Aug 2014 15:53:00 -0500

The new tablet will have a 12.9-inch display and could go into production as early as next year.

Wed, 27 Aug 2014 15:30:00 -0500

For those people constantly on Twitter, planning a tweetup can help bring online relationships offline. Not only does it help with networking but also building your personal brand.

Wed, 27 Aug 2014 15:00:00 -0500

Marcel Botha, an entrepreneur working out of an innovative co-working space in Brooklyn, talks about how he was able to rapidly prototype an ergonomically designed baby spoon thanks to 3-D printing technology.

Wed, 27 Aug 2014 14:30:00 -0500

The language professional peers understand is often confounding to the audience waiting to listen to your story.

Wed, 27 Aug 2014 14:00:00 -0500

The things you should do to increase your chances of joining the millionaire's club. None are either fast or easy.

Wed, 27 Aug 2014 13:30:00 -0500

Often entrepreneurs don't have the core competencies to understand accounting, which could result in a startup failing. Here is how an entrepreneur should approach hiring an accountant or outsourcing her financial tasks to ensure success.

Wed, 27 Aug 2014 13:00:00 -0500

Work on relationships and new initiatives will fall into place.

Wed, 27 Aug 2014 12:30:00 -0500

Now is the time to prepare your business and have a system in place to soften the next hit.

Wed, 27 Aug 2014 12:00:00 -0500

People generally have three main objectives in mind when considering having a 'smart' home, according to Lowe's.

Wed, 27 Aug 2014 11:30:00 -0500

Sasha and Olga Bylim came to the U.S. to teach ballroom dancing at Fred Astaire Dance Studio. Today, they are the franchisees of their own locations.

Wed, 27 Aug 2014 11:30:00 -0500

In this podcast, Lewis Howes talks with UFC's Brendan Schaub about the mindset of champions.

Wed, 27 Aug 2014 11:00:00 -0500

It's not about denying, but empowering you to communicate effectively.

Tue, 26 Aug 2014 23:00:00 -0500

When writing your direct mail sales piece, be sure to include and pay particular attention to these seven parts of your letter.

Tue, 26 Aug 2014 22:30:00 -0500

Your food business might be able to support new ventures. Here's how to figure out the best direction to go in for expansion.

Tue, 26 Aug 2014 22:00:00 -0500

Cybersecurity is a constant worry, but a few commonsense steps protect the company without hurting the bottom line.

Tue, 26 Aug 2014 21:30:00 -0500

Without revenue, your business will die. These options won't require a huge effort, but the payoffs could be immense.

Tue, 26 Aug 2014 21:00:00 -0500

The experiences of prisoners serve as an extreme, stark example of those of startup founders.

Tue, 26 Aug 2014 20:45:00 -0500

A serial entrepreneur shares how she came to leave the corporate fold and establish her first business.

Tue, 26 Aug 2014 20:30:00 -0500

Programs around the nation will double the savings of low-income entrepreneurs working to start a business.

Tue, 26 Aug 2014 20:15:00 -0500

Winning an audience and scoring new business have much in common. Here are seven lessons to take from the stage to the boardroom to add value to any team.

Tue, 26 Aug 2014 20:00:00 -0500

Even entrepreneurs can get run down and get sick but for many, they can't afford to take time off. Here’s how you can harness the power of sick days to get ahead in business.

Tue, 26 Aug 2014 19:49:57 -0500

Words of wisdom From Noah Kagan, a friend and entrepreneur who knows the startup scene inside and out.

Tue, 26 Aug 2014 19:30:00 -0500

Business owners are wise to be ready for eventual increases in the minimum wage.

Tue, 26 Aug 2014 19:15:00 -0500

Coaching someone right before a presentation? Avoid emphasizing the very behaviors to be avoided.

Tue, 26 Aug 2014 19:14:00 -0500

Never misplace your wallet again.

Tue, 26 Aug 2014 19:00:00 -0500

One of the most important steps in planning your pay-per-click campaigns is choosing the keywords that will attract interested shoppers. These third-party tools can help.

Tue, 26 Aug 2014 18:48:00 -0500

Thanksgiving may feel a million miles away, but it -- and the holiday shopping season -- will be here before you know it. Spend your holiday shopping dollars investing in entrepreneurs and their innovations.

Fri, 29 Aug 2014 12:58:00 -0500

Nintendo used a Japanese Nintendo Direct this morning (which many hoped would contain a Super Smash Bros. Wii U release date) to announce a new version of its 3DS handheld. The news has surprised many, and so have the details about what the 3DS revamp actually contains. The new pair of [...]

Fri, 29 Aug 2014 12:51:00 -0500

Eden Foods avoided the same months-long media glare and massive protests that plagued Hobby Lobby after June's SCOTUS ruling, but it did not escape without a boycott effort by some of the country's best-known regional grocery co-ops.

Thu, 28 Aug 2014 19:23:00 -0500

With renunciations of citizenship at an all time high, the state department is feeling overworked and hiking the fees to renounce by 422%.

Thu, 28 Aug 2014 13:49:00 -0500

This week I had the opportunity to attend my first Intuit Leadership Conference, a gathering of the top leaders across the 8000+ person public company that provides TurboTax, QuickBooks, Quicken, Mint   and now Docstoc (the company I co-founded in 2007). Getting to meet all these amazing folks, there were a lot of conversations about what it means [...]

Thu, 28 Aug 2014 11:32:00 -0500

If you love what you do, you will never work a day in your life. I can personally attest to the truth of this statement. But, as I have painfully discovered, a balanced life is also critical to your success. Especially, when self-employed. Being so deeply engaged with your job that you [...]

Wed, 27 Aug 2014 21:00:00 -0500

Manzur Elahi's Apex Group in Bangladesh is at the center of an emerging--and scrutinized--footwear hub.

Wed, 27 Aug 2014 16:40:00 -0500

The day I landed my job at Google was the day I decided to pay forward all the help I received on reworking my resume. After going through many resumes, I want to share what I learned in hopes that it helps more people get their dream jobs. My biggest realization? We [...]

Tue, 26 Aug 2014 13:17:00 -0500

Philadelphia law enforcement has transformed a once obscure legal process into a racket that treats Americans as little more than ATMs. Every year, the city collects almost $6 million in revenue from forfeiture.

Tue, 26 Aug 2014 04:46:00 -0500

Having a hard time learning new things? Try this.

Mon, 25 Aug 2014 16:43:00 -0500

Want to dominate your market? Then cancel your next change management seminar and read this on the alpha wolf. Great leaders recognize that, like it or not, humans are animals. And like the wolf, we organize into tight-knit, family-like units that must be run in an optimal way to thrive. The [...]

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Is Your Bank Stealing From You?
By David Najor :: Friday, August 22, 2008 :: 13838 Views :: Article Rating :: Business & Finance

California, USA - “Few would argue that the energetic entrepreneurs have transformed small business in metropolitan areas of Michigan, California, Illinois, Arizona, and Nevada,” says Rebecca Cohen of California’s Bank & Trust speaking of Chaldeans.  “They are hard-working, brilliant in business, and have a remarkable talent for negotiations.”

Although the accolades and praise rings true to many, Chaldean business owners still remind budding entrepreneurs to be mindful of banks when doing business. 

“Banks are like any other business.  Their inventory is currency.  They want to buy currency when it is inexpensive and sell or loan to you at a higher rate,” says Masood Bajou.  “Chaldeans in business or not, should always keep a close eye on their banks and the fees they charge.”

Increasingly, banks are finding ways to impose bigger and trickier fees on account holders.  Uncovering the creative ways banks assess fees and other hidden costs to their customers was no easy task.  Nonetheless, Chaldeans should be watchful over some of the sneakiest fees and quickly master ways you can avoid them...

ATM Overdraw
Many ATMs are allowing their customers to overdraw on their accounts. Request cash from your bank's ATM, and you will almost certainly receive it -- even if there is not enough money in your account to cover the withdrawal. Banks could easily program their ATMs to decline such transactions or to warn you that such a transaction will trigger a hefty overdraft fee, but that would mean a loss of extra fees for the banks.

Chaldean Self-defense: Check your balance before making the withdrawal if you are not certain there is enough money in your account.

Double ATM fees.
Last year, Bank of America increased its ATM fee for non-account holders from $2 to $3, and other banks are likely to follow suit. ATMs warn customers of this type of charge, but many ATM users do not realize that their own banks often charge an additional fee of between $1 and $2.50 for using an ATM that belongs to another bank chain. That means the total fee for an out-of-network ATM transaction can top $5.

Chaldean Self-defense: Use only your own bank's ATMs.

Check Overdraft Penalities
Clear the biggest checks first to maximize overdraft penalties. Most banks charge a fee of $30 to $40 each time an account holder bounces a check. (Any merchant who received your bad check might charge you a penalty as well.) In addition, many banks now follow a practice that often automatically increases the number of checks that their customers bounce. They do this by first deducting from your account the largest check amounts when processing a batch of your checks.

The banks claim they do this because large checks tend to be the most important, but consumer advocates contend that it is just a way to maximize fees. Bank of America, Citibank, HSBC, Wells Fargo and many other banks engage in the practice.

Example: Five checks you wrote reach your bank on a given day -- four checks for small items followed by a $1,400 mortgage payment. If there is only $1,300 in your account, only the final check -- the big mortgage payment -- should bounce. Instead, your bank processes the large mortgage payment first, which means that all five checks will bounce. Rather than a $30 or $40 overdraft fee and one upset check recipient, you now face $150 to $200 in overdraft fees and five perturbed check recipients.

Chaldean Self-defense: Avoid writing many checks or making several debit card purchases in a short period if you are not 100% certain that there will be enough money in your account to cover all of them.   Also, check with your bank to see if they have overdraft protection should you have both a savings and checking account. This is often a free service so be careful of banks that charge for this basic service.

Another hidden fee is getting a penalty for someone else's bounced check. A penalty when you bounce a check is one thing -- but many banks now charge a fee of $5 to $10 to the recipient of a bad check as well.

Chaldean Self-defense: Do not accept checks as payment unless you are confident that you can trust the payer.

Account Dormancy Fees
Some banks charge a fee of several dollars per month to keep an "inactive" or "dormant" account open. In Michigan, Charter One is notorious for this practice.  Banks have different criteria for what they consider a dormant account, so be sure to ask your bank about its rules.

Chaldean Self-defense: Close any unnecessary accounts.

Banks might charge you a fee of $5 or more if you close an account within six to 12 months of opening it. These fees are particularly common at bank branches located in college towns, because banks know that students often close accounts at the end of each semester or school year. Example: Here in California, KeyBank charges an early closure fee of $25 when "Express Checking" accounts are closed within 180 days of being opened.

Chaldean Self-defense: Ask about account closing fees before you open the account. Don't open an account at a bank that charges such a fee if you expect to leave the region or close the account for another reason anytime soon.

Gift Card Fees.
Banks sell gift cards like those offered by retailers. They can be used just as you would use a bank-issued debit or credit card. Unlike retailer gift cards, however, bank gift cards often carry account fees of as much as $2 or $3 per month. If the recipient does not spend the money quickly, a significant portion of it might gradually disappear.

Chaldean Self-defense: Give cash or a check -- or a retailer gift card -- rather than a bank gift card.

Teller and Phone Fees.
Some banks now charge $1 to $5 or more every time an account holder interacts with a teller or customer service representative in person or on the phone (or every time the account holder exceeds a preset monthly teller transaction limit). At some banks, this charge applies even when customers call the bank but interact only with the automated system. Customers are not told that they are being charged a fee at the time of the transaction, and they often are unaware of the rules.

Some banks even charge a fee for certain ATM services, such as requesting a "mini-statement" that summarizes recent transactions.

Chaldean Self-defense: Ask your bank if your account has a limit on the number of free teller visits or calls. If it does, do as much banking as possible through ATMs or on-line.

Also, ask to have any teller or phone fee waived when your call or visit is about a bank error, involves opening an account or is because the bank's ATM is out of service. You also may avoid these fees if you maintain a certain balance in some accounts.

PIN fees.
Some banks now charge a fee of 25 cents to $1.50 each time a customer uses a personal identification number (PIN) for a debit card transaction at a retailer. Debit card users typically can choose to either sign for purchases or type in their PINs.

Banks impose PIN fees to encourage customers to sign for purchases, because banks can charge retailers higher fees when they do. Trouble is, many Chaldean cardholders don't even know that PIN fees exist.

Chaldean Self-defense: Try to use credit cards rather than a debit card. If you do use a debit card, check whether your bank imposes a fee when you enter a PIN. Consider switching banks if it does.

HOW TO AVOID FEES

Many Chaldean bank customers learn that fees only after when charges appear on their account statements -- if they bother to read their statements at all.   By law banks are required to give new customers a "Truth in Savings Disclosure" statement detailing all of their fees and to notify customers in writing when policies change, but few read the fine print of bank literature. Chaldeans should routinely ask their bank for a copy of the fee-disclosure statement for their accounts.

Chaldeans will often say that their banks waive the fees because they are good customers, but this is less common now. At many banks, low-level employees no longer even have the right to waive fees, and the managers who do are increasingly unwilling to be lenient -- though it is still worth asking to have questionable fees waived when they appear on your statement.

Always keep a good record of what you have tied to a bank.  Banks know that if you have your mortgage being automatically withdrawn, direct deposit for professionals, or a business account with business dealings electronically tied, they know you are less likely to leave over the fee charges.  Some banks will take advantage of this situation and nickel and dime Chaldeans to death. 

Having all your information accessible makes it easy to call their bluff and transfer your accounts to another bank.  Competition is the only way to keep the banks offering great service at reasonable costs. 

Now that is advice you can take to the bank!