Sunday, September 21, 2014
Top Entrepreneur News

Sun, 21 Sep 2014 19:00:00 -0500

The art of being an entrepreneur owes much to performance.

Sun, 21 Sep 2014 16:00:00 -0500

Some of the most influential business books are available for next to nothing (or even nothing) in the Amazon Kindle store.

Sat, 20 Sep 2014 16:00:00 -0500

The hoards have begun gathering ahead of the iPhone 6 release tomorrow. Here's a look.

Fri, 19 Sep 2014 23:00:00 -0500

These game changers have the right skills, the right process and the right heart.

Fri, 19 Sep 2014 22:00:00 -0500

People and money are the two constants regardless of what a company sells. Keeping tabs on the comings and goings of both is indispensable.

Fri, 19 Sep 2014 21:47:00 -0500

The millionaire real-estate mogul doesn’t let dyslexia hold her back. She uses it to fuel her famously feisty entrepreneurial fire.

Fri, 19 Sep 2014 21:45:00 -0500

Don't panic but respond appropriately and respectfully. Follow these practices to help stave off IRS scrutiny.

Fri, 19 Sep 2014 21:34:00 -0500

In a talk at Columbia University, the PayPal co-founder and venture capitalist discussed why startups need to go 'beyond professionalism.' But that may be the problem.

Fri, 19 Sep 2014 21:30:00 -0500

These programs are a gift and can be adapted to fit your needs at a low cost.

Fri, 19 Sep 2014 21:00:00 -0500

Utilizing social-media data in your content-marketing efforts can provide a fresh and creative twist to online advertising.

Fri, 19 Sep 2014 20:45:00 -0500

Innovation in an industry like construction can pose a challenge to entrepreneurs. Here's how to break through.

Fri, 19 Sep 2014 20:30:00 -0500

No matter how much training or talent you have on your team, engagement is one of the most powerful tools any team member and business can have.

Fri, 19 Sep 2014 20:18:00 -0500

Animal rights activists released a graphic video showing workers whipping, kicking and punching cows at a farm responsible for the cheese at Domino's, Pizza Hut and Papa John's.

Fri, 19 Sep 2014 20:14:00 -0500

In trying to mute the criticism of the NFL's response to abuse cases, commissioner Roger Goodell showed surprisingly bad judgment.

Fri, 19 Sep 2014 20:00:00 -0500

The photo-centric social media platform is well suited for reaching younger customers who define what the larger audience seeks from content marketing.

Fri, 19 Sep 2014 19:45:00 -0500

Engaged employees might be more prone to offer just the right touch to customers, boosting satisfaction all round. Consider job rotation as a workplace enhancement.

Fri, 19 Sep 2014 19:30:00 -0500

When we teach our children the value and fragility of their personal reputation they learn who they are, regardless of what others think.

Fri, 19 Sep 2014 19:15:00 -0500

Even as technology makes it easier to connect, communication is disjointed. Fake friendships abound. Nonetheless, genuine ties can be forged in business and leisure.

Fri, 19 Sep 2014 19:00:00 -0500

Chances are you’re not maximizing one of the easiest routes to communicate vital information to your customers.

Fri, 19 Sep 2014 19:00:00 -0500

As content has become the currency of the modern sales professional, there’s a content format that’s proving incredibly valuable for those who want to stand out.

Fri, 19 Sep 2014 18:51:00 -0500

Initially priced at $68, shares of the Chinese tech titan opened at $92.70 this morning in what is officially the largest U.S.-based IPO of all time.

Fri, 19 Sep 2014 18:30:00 -0500

A patient, systematic program to improve your underperformers is the quickest and least expensive way to improve company results.

Fri, 19 Sep 2014 18:19:20 -0500

The line of people out front of Apple's flagship store was completely ridiculous.

Fri, 19 Sep 2014 18:00:00 -0500

Implementing strong client boundaries helps keep everyone focused.

Fri, 19 Sep 2014 17:45:00 -0500

Many companies are investing in Facebook campaigns despite changes to its organic reach.

Fri, 19 Sep 2014 17:30:00 -0500

The creation of innovative products and processes is much too important to companies and entire economies to be left to chance.

Fri, 19 Sep 2014 17:30:00 -0500

See the life of Apple's innovative, brilliant founder in a picture timeline.

Fri, 19 Sep 2014 17:23:00 -0500

The lone visionary is the ideal of entrepreneurial mythology but one of the world's largest tech companies has done notably well with bifurcated leadership.

Fri, 19 Sep 2014 17:00:00 -0500

Most entrepreneurs have lots of ideas but few of them are able to successfully execute that one idea that makes all the difference.

Fri, 19 Sep 2014 16:30:00 -0500

Your business might be small, but its look and feel doesn’t have to be. Hiring outside help is quick and effective.

Fri, 19 Sep 2014 16:15:00 -0500

The site's most popular stars are being paid to produce new content as other channels seek to court them.

Fri, 19 Sep 2014 16:08:00 -0500

The popular photo-sharing platform will no longer shut down.

Fri, 19 Sep 2014 16:00:00 -0500

It’s important for leaders to set the 'organizational guardrails' that foster a single, uniformed direction.

Fri, 19 Sep 2014 15:54:00 -0500

Home Depot's cyberattack put 56 million credit cards at risk, significantly more than Target's breach.

Fri, 19 Sep 2014 15:30:00 -0500

It's not so much what the best marketers know but how they view the elements of the campaign.

Fri, 19 Sep 2014 15:04:00 -0500

With the announcement of Larry Ellison's stepping down, here are three tips for companies considering having co-ceos.

Fri, 19 Sep 2014 15:00:00 -0500

How does any entrepreneur know what ventures to pursue, and which ones are best left behind?

Fri, 19 Sep 2014 15:00:00 -0500

Empire-building lessons from one of the world's most entrepreneurial chefs.

Fri, 19 Sep 2014 14:30:00 -0500

If you thought you needed more charismatic friends to have a social-maven driving your sales, think again.

Fri, 19 Sep 2014 14:15:00 -0500

RocketSpace CEO and founder Duncan Logan shares how space and one’s peers impact a company’s final product.

Fri, 19 Sep 2014 14:15:00 -0500

Clear out the mental clutter and the day’s distractions to focus on what you think is important.

Fri, 19 Sep 2014 14:00:00 -0500

With traditional retailers merging and ecommerce startups growing quickly, this particular industry isn't getting much sleep these days.

Fri, 19 Sep 2014 13:30:00 -0500

According to estimates, the country is second to Silicon Valley for new companies. Here are three things that may be driving that.

Fri, 19 Sep 2014 13:19:00 -0500

This new social network makes sure you’re rubbing virtual elbows with people as well-to-do as you are. The cost to join: $9,000.

Fri, 19 Sep 2014 13:00:00 -0500

The recently-deceased comedian taught a brilliant lesson about personal branding that we should all take to heart.

Fri, 19 Sep 2014 13:00:00 -0500

Check out the news business owners need to know for the week that was.

Fri, 19 Sep 2014 12:30:00 -0500

If you aspire to be a successful entrepreneur, the only way you're going to achieve that is by focusing on one thing and doing it better than anyone else.

Fri, 19 Sep 2014 12:00:00 -0500

I was always aggressive and relentless -- until a series of Zen-like moments helped me move to a different level that changed how I operated.

Fri, 19 Sep 2014 11:30:00 -0500

Looking for a way to support her six kids as a single mom, Nusha Pelicano discovered Orange Leaf Frozen Yogurt by chance.

Thu, 18 Sep 2014 23:00:00 -0500

AdWords is such a powerful advertising medium that people think they can't get it wrong. That's a serious error.

Thu, 18 Sep 2014 22:30:00 -0500

You’re only as good as the number of people using and, more importantly, paying for what you built.

Thu, 18 Sep 2014 22:00:00 -0500

Why get a personal secretary when your smartphone can organize your day, your minutes, your business trips and even your clutter?

Thu, 18 Sep 2014 21:30:00 -0500

The best way to tell somebody how to do better is to begin by telling them what they are doing well.

Thu, 18 Sep 2014 21:21:00 -0500

For this billionaire entrepreneur, work is the breakfast of champions.

Thu, 18 Sep 2014 21:15:00 -0500

A real estate executive realizes that by finding a perch to work inside each of her company's branch offices, she can be more effective and build more productive relationships.

Thu, 18 Sep 2014 21:00:00 -0500

The non-profit, along with businesses, can utilize three secrets of customer-relationship management software to effectively follow up on leads.

Thu, 18 Sep 2014 20:33:00 -0500

Virtual reality, take me away. Because overpriced in-flight cocktails and noise-cancelling headphones aren’t enough anymore.

Thu, 18 Sep 2014 20:33:00 -0500

The company's co-founder will move to the board of directors. Two co-CEOs have been named to replace him.

Thu, 18 Sep 2014 20:30:00 -0500

One entrepreneur explains how she was able to get the perfect URL for her startup and what lessons she learned along the way.

Thu, 18 Sep 2014 20:14:00 -0500

…But it sure makes life easier, the self-made billionaire says. Why? With it comes freedom.

Thu, 18 Sep 2014 20:00:00 -0500

Recreate the rhythms of your long years of schooling to succeed in the marathon of building your business.

Thu, 18 Sep 2014 20:00:00 -0500

Advance your company’s legacy by transforming it. Tread carefully with key constituency groups.

Thu, 18 Sep 2014 19:54:00 -0500

Americans are obsessed with their Internet, which makes it sting all the worse that the companies that provide Internet are expensive, unresponsive and because of their relative monopoly, in no hurry to improve their operations.

Thu, 18 Sep 2014 19:45:00 -0500

The high stakes make this type of transaction entirely unique. Know how to proceed wisely.

Thu, 18 Sep 2014 19:30:00 -0500

Sticky social situations can unglue the surest business deal. Here’s how to make sure they don’t.

Thu, 18 Sep 2014 19:15:00 -0500

The Amazon founder's Blue Origin aerospace outfit will develop rocket engines for the United Launch Alliance -- a joint venture between Lockheed Martin and Boeing that creates spacecraft for the U.S. government.

Thu, 18 Sep 2014 19:15:00 -0500

Prompt everyone to contribute their ideas to have a richer harvest.

Thu, 18 Sep 2014 19:00:00 -0500

It can be stressful when you have to make important decisions regarding your business. But to get ahead of the game, it is a necessity.

Thu, 18 Sep 2014 18:56:00 -0500

The online retailer reportedly outbid Google and two other companies that had their eye on the new and valuable generic top-level domain.

Thu, 18 Sep 2014 18:45:00 -0500

Here's to a broader, more generous definition of the oft-used career term.

Thu, 18 Sep 2014 18:39:00 -0500

Next month, the city will start charging renters a 14 percent occupancy tax on behalf of its hosts.

Thu, 18 Sep 2014 18:30:00 -0500

As the leader, barking orders, stealing the spotlight and enforcing your own agenda isn't the way to get employees excited about working with you.

Thu, 18 Sep 2014 18:15:00 -0500

You may never hop out of morning with a smile plastered on your face, but you can make it a bit easier.

Thu, 18 Sep 2014 18:15:00 -0500

Our experts explain how positioning yourself as an expert can help maximize your site for search.

Thu, 18 Sep 2014 18:00:00 -0500

Pay-per-click marketing is fraught with confusion, mistakes and a lot of wasted cash. But when you get it right, PPC can be indispensable. Here’s some insight and some tips.

Thu, 18 Sep 2014 17:48:00 -0500

Vietnamese sandwich concept Banh Shop promises to change its logo after Vietnamese-Americans called out Taco Bell's parent company for the red star design.

Thu, 18 Sep 2014 17:30:00 -0500

If accepted into an program, it means mentorship, classes and training from those who have been there and done that.

Thu, 18 Sep 2014 17:05:00 -0500

Digital sales are on the decline in the country, while CD sales are still going strong.

Thu, 18 Sep 2014 17:00:00 -0500

You might not know it right now, but once you discover it, it’s time to take on your quest.

Thu, 18 Sep 2014 16:53:00 -0500

As Apple continues to investigate its own high-profile hack, CEO Tim Cook wrote an open letter to customers assuring their private data is safe.

Thu, 18 Sep 2014 16:33:00 -0500

The vast record of information stored on Apple devices will only be available to users who possess a four-digit passcode.

Thu, 18 Sep 2014 16:30:00 -0500

You've most likely encountered them while conducting business: Those who just talk without taking actions. Here are some tips to deal with them.

Thu, 18 Sep 2014 16:12:00 -0500

Included are two devices under $100 as well as an all-new operating system, called 'Sangria.'

Thu, 18 Sep 2014 16:00:00 -0500

Think proven concept, not big brand, when buying a franchise.

Thu, 18 Sep 2014 15:52:00 -0500

Venture capitalist Peter Thiel's recent comments about marijuana use at Twitter underscore a more widespread problem.

Thu, 18 Sep 2014 15:40:00 -0500

The new functionality will allow users to deepen their connection with funders, in addition to giving them a way to keep raising money, the company says.

Thu, 18 Sep 2014 15:30:00 -0500

New product and service concepts are stifled by the process of taking them to market. If you can prove a demand, however, the next steps become much less intimidating.

Thu, 18 Sep 2014 15:00:00 -0500

Entrepreneurs need to be stoic about the long odds against a new business thriving but it's also true that the greatest successes of our time started small.

Thu, 18 Sep 2014 15:00:00 -0500

A new book highlights how executive presence and gravitas can bridge the gap between performance and success.

Thu, 18 Sep 2014 14:45:00 -0500

For extraordinary results, test, measure, tweak. Don't stop.

Thu, 18 Sep 2014 14:00:00 -0500

It is nearly rude not to examine all the social-media clues we glean about people with whom a good relationship is important.

Thu, 18 Sep 2014 13:30:00 -0500

A silent drag on many organizations is employees who feel disconnected from company decision making and inhibited bringing problems to light.

Thu, 18 Sep 2014 12:30:00 -0500

It starts with changing your mindset, then following through with consistent action.

Thu, 18 Sep 2014 12:00:00 -0500

A recent Gallup poll proclaimed that social media marketing has little effect on whether people buy products, but it may not tell the whole story.

Thu, 18 Sep 2014 11:30:00 -0500

When Nathan Coombs retired from the military, DreamMaker Bath and Kitchen's company culture convinced him that the franchise was the right fit.

Thu, 18 Sep 2014 11:00:00 -0500

The entrepreneurs behind footwear startup Jack Erwin had no experience in shoes. Now, they're steering a million-dollar shoe brand.

Wed, 17 Sep 2014 22:15:00 -0500

A new CEO seeks to make dramatic changes without disarming the staff. Here's what he did.

Wed, 17 Sep 2014 22:00:00 -0500

These folks, while sometimes underappreciated, forge the links and tell the stories.

Wed, 17 Sep 2014 21:30:00 -0500

When a court case threatens your business, consider taking the following steps.

Wed, 17 Sep 2014 21:12:00 -0500

Your ability to earn customer trust is what’s going to separate you from the competition -- so don’t slack.

Mon, 22 Sep 2014 00:05:00 -0500

Robots like SoftBank’s latest humanoid Pepper, showcased over the weekend in Tokyo, can perform many tasks. They can dance, sketch portraits, and control visitors’ smartphones. But they cannot solve Japan’s big problem: the population shortfall, due to extremely low birth rates—a cause and a consequence of the country’s prolonged economic stagnation. To [...]

Sun, 21 Sep 2014 23:50:00 -0500

With a very high cost of labor in Australia, it’s uncommon to have a personal cleaner. However, Research firm IbisWorld projects the demand for home cleaning in Australia will rise due to high dual-income households and a progressive ageing population. To capture this demand, a new cleaning platform called Helpling has [...]

Sun, 21 Sep 2014 22:32:00 -0500

The planet’s biggest store should be hearing footsteps at the moment.

Sun, 21 Sep 2014 12:13:00 -0500

After some real-world usage, it's already clear that life with a phablet brings compromises. iPhone users accustomed to one-handed use of their device will find the iPhone 6 Plus nearly impossible to manipulate without placing both hands on it. If you're ready to make that move, the 6 Plus is gorgeous and might be the perfect smartphone for you. Otherwise, you might be like me.

Sun, 21 Sep 2014 12:12:00 -0500

This time, when Samsung accuses Apple of copying, it has a point. And it's about time Apple got dragged in the phablet era. The iPhone 6 Plus is gorgeous and a worthy entrant into the fastest-growing segment of the mobile market. That there were no phablets before the Galaxy Note invented the segment three years ago is history. Samsung motivated Apple to up its game and the result is outstanding.

Sat, 20 Sep 2014 19:24:00 -0500

After the publication of private emails between journalists, The Escapist's #GamerGate forums have come under attack.

Sat, 20 Sep 2014 19:05:00 -0500

When I was twenty-four I managed an Order Processing department for a greeting card company on the north side of Chicago. I loved my job. We had a great crew and we got a ton of work done. I was finishing my degree on the weekends and singing a lot. I [...]

Fri, 19 Sep 2014 22:56:00 -0500

Kevin Jones thought he had landed a good job with the big property manager Halstead Management, as a doorman at a Manhattan building. But like 69% of American employers, Halstead ran a criminal background check on Jones before making its final offer. It relied on Sterling Infosystems, one of the [...]

Thu, 18 Sep 2014 13:00:00 -0500

Apple's iOS 8 may not look very new, but as the saying goes: It's what's inside that count. And under the hood is the biggest overhaul of Apple's mobile software in years. With so much packed in, it can be hard to see all the hidden good stuff. This guide walks you through the best of iOS 8 to get you started.

Wed, 17 Sep 2014 20:53:00 -0500

Visit almost any anti-GMO website and you will find alarming headlines about the alleged dangers of GMO foods. They kill pigs, cows and sheep on farms and in lab studies! Humans are next! "Monsanto’s GMO Feed Creates Horrific Physical Ailments in Animals," screams a typical article, in AlterNet, a popular anti-GMO site. It [...]

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Is Your Bank Stealing From You?
By David Najor :: Friday, August 22, 2008 :: 13958 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!