Tuesday, September 02, 2014
Top Entrepreneur News

Tue, 02 Sep 2014 23:00:00 -0500

Work and family are the world's original exercise in multitasking.

Tue, 02 Sep 2014 22:30:00 -0500

As a leader, it’s critical to keep up with changes and start investing time into employee development.

Tue, 02 Sep 2014 22:00:00 -0500

Have a great idea but very little money? Don’t let that stop you! Those that want it bad enough will make it.

Tue, 02 Sep 2014 21:30:00 -0500

When we don't get the results we intended, the problem often lies in what we do on autopilot.

Tue, 02 Sep 2014 21:00:00 -0500

Success is never guaranteed in online marketing but avoiding these common errors makes it much likelier.

Tue, 02 Sep 2014 20:30:00 -0500

The tech giant has broken its silence regarding its probe into the mass leak of naked celebrity images by cyber criminals. Here are the latest developments.

Tue, 02 Sep 2014 20:30:00 -0500

Have productive discussions to create the most purposeful goals at work and the rest of your life.

Tue, 02 Sep 2014 20:00:00 -0500

For HR, the promise of wearable technology offers huge possibilities, particularly for recruiting and hiring.

Tue, 02 Sep 2014 19:45:00 -0500

Joint ventures always make sense on paper but not so much when we flawed humans are actually running things.

Tue, 02 Sep 2014 19:30:00 -0500

Follow these eight steps to prompt (older) employees, colleagues and business associates to respect and value your input and actions.

Tue, 02 Sep 2014 19:15:00 -0500

Eating into your profits is an endless game that usually ends with you losing. Create value by framing your business as the superior option.

Tue, 02 Sep 2014 19:00:00 -0500

Singular titles can play a part in highlighting a unique corporate culture. This can help companies find the right people and vice versa.

Tue, 02 Sep 2014 18:56:00 -0500

The unreleased OS was mistakenly mentioned in an online post by Microsoft’s Chinese division.

Tue, 02 Sep 2014 18:42:00 -0500

The automobile company is reportedly installing monitoring devices in its cars to ensure drivers keep their eyes on the road.

Tue, 02 Sep 2014 18:30:00 -0500

Bad attitudes in the workplace can spread like wildfire. Here's how to stamp them out.

Tue, 02 Sep 2014 18:17:00 -0500

Following the tragedies of Flight 370 and Flight 17, Malaysia Airlines rolled out -- and then promptly scrapped -- a contest asking consumers to describe their bucket lists.

Tue, 02 Sep 2014 18:15:00 -0500

In the startup world, recruiting is a battlefield. Here is where startups have an advantage over brand-name competitors

Tue, 02 Sep 2014 18:00:00 -0500

People visit your website looking for what you offer. Making them feel welcome is step one to earning loyal new customers.

Tue, 02 Sep 2014 18:00:00 -0500

Mindfulness may sound like the latest buzzword, but the centuries-old notion of enjoying the present moment is more than trendy philosophy. In practice it can do wonders to enhance productivity and happiness in the workplace.

Tue, 02 Sep 2014 17:45:00 -0500

Hiring employees who understand and exemplify corporate values serves to reinforce the organization's mission and vision and create a tighter team.

Tue, 02 Sep 2014 17:30:00 -0500

No one knew daring people to dump cold water on each other would go viral, so don't be afraid to try your crazy marketing idea.

Tue, 02 Sep 2014 17:15:00 -0500

Here’s the roadmap a data company uses when advising their customers how to utilize their numbers.

Tue, 02 Sep 2014 17:12:00 -0500

How an unknown hacker reportedly broke into dozens of celebrities' iCloud accounts and snatched naked images of them, plus how you can protect your iCloud account.

Tue, 02 Sep 2014 17:00:00 -0500

To be able to provide all the right services for your hair salon and day spa, here's who you'll need to bring on board to help.

Tue, 02 Sep 2014 16:30:00 -0500

Success isn’t dependent on some X-factor or trick, but on consistency, connection and a little creativity.

Tue, 02 Sep 2014 16:15:00 -0500

Entrepreneurs are full of lessons and advice, making them ideal candidates to write a book.

Tue, 02 Sep 2014 16:10:00 -0500

The San Francisco-based ride-hailing app will face fees of $328,000 each time it operates in the fast-growing European market.

Tue, 02 Sep 2014 16:00:00 -0500

Don’t repeat these common mistakes as you venture into e-commerce.

Tue, 02 Sep 2014 15:56:00 -0500

Publicity stunt du jour, part II.

Tue, 02 Sep 2014 15:45:00 -0500

How and what the leader communicates is the most significant factor shaping how a company is perceived.

Tue, 02 Sep 2014 15:41:00 -0500

Fast-food workers are planning a strike this week that could be the largest yet as the responsibilities of franchisors and franchisees continue to be battled in court.

Tue, 02 Sep 2014 15:30:00 -0500

Great entrepreneurs understand that great ideas can often come from really bad ones.

Tue, 02 Sep 2014 15:20:00 -0500

While minimally-appointed office spaces are typically thought to be the most productive, a new study suggests that ornamentation -- via greenery -- can enhance efficiency.

Tue, 02 Sep 2014 15:00:00 -0500

Pop-up meal company Dinner Lab owes its blockbuster success to its savvy analysis of information from its consumers.

Tue, 02 Sep 2014 15:00:00 -0500

Here’s how to use the scientific method to achieve success as an entrepreneur.

Tue, 02 Sep 2014 14:49:00 -0500

The feature, which was announced earlier this summer, has quietly launched.

Tue, 02 Sep 2014 14:30:00 -0500

To be successful in today’s online marketplace, web stores need to focus on delivering the full customer experience.

Tue, 02 Sep 2014 14:15:00 -0500

Examine the opportunities skeptically, but when you're convinced you've found a winner, get on board with any job you can.

Tue, 02 Sep 2014 14:00:00 -0500

Think of it as a way to connect with your audience's audience.

Tue, 02 Sep 2014 14:00:00 -0500

Ramona Streit became a home care franchisee eight years ago. Here's how she made her decision and what she has learned along the way.

Tue, 02 Sep 2014 13:30:00 -0500

You only get one shot at a first impression. Here are some ways to sell yourself.

Tue, 02 Sep 2014 13:00:00 -0500

Start your week with these top tricks and tips from Entrepreneur's online contributors.

Tue, 02 Sep 2014 12:45:00 -0500

Customer service comes down to answering two very simple questions.

Tue, 02 Sep 2014 12:30:00 -0500

Millennials? So yesterday. In the next year, companies will focus their attention on recruiting the next generation.

Tue, 02 Sep 2014 12:00:00 -0500

Starting a business with your significant other can make a lot of sense, until it doesn't. Consider these pros and cons before jumping in.

Tue, 02 Sep 2014 11:45:00 -0500

Stop thinking 'close the deal' and start thinking 'begin the relationship.'

Tue, 02 Sep 2014 11:30:00 -0500

Despite challenges, wearables are starting to gain traction. But when will they have mainstream appeal?

Tue, 02 Sep 2014 11:00:00 -0500

There is no need to ask for a raise when you increase the value of what you have to offer.

Mon, 01 Sep 2014 19:30:00 -0500

When she was 16, Dulce Luevano was making $5.15 working at CiCi's Pizza. Now, she owns her own shop.

Mon, 01 Sep 2014 17:30:00 -0500

Passion for her product drove Sanden Andrews to open up four Smoothie King shops.

Mon, 01 Sep 2014 16:00:00 -0500

Grill-cleaning can make for a grate opportunity for franchisees.

Mon, 01 Sep 2014 15:00:00 -0500

As a 21-year-old business novice, Lauren Morenz found meaning in her job as a Fetch! Pet Care franchisee.

Mon, 01 Sep 2014 14:00:00 -0500

College doesn't cut it.

Mon, 01 Sep 2014 13:00:00 -0500

Andrew Wilson hasn't let the fact that he’s spent five of the last 10 years deployed slow him down as a franchisee.

Mon, 01 Sep 2014 11:00:00 -0500

For this franchisee, franchising allowed her to serve others – and find the love of her life.

Sun, 31 Aug 2014 18:00:00 -0500

Working hard? Find the ultimate in relaxation at your home away from home with the help of these luxe services.

Sun, 31 Aug 2014 16:00:00 -0500

Imagination Yoga uses storytelling to encourage kids to move through a series of yoga positions.

Sun, 31 Aug 2014 14:00:00 -0500

More and more older Americans are heading back to school. Here's why.

Sun, 31 Aug 2014 12:00:00 -0500

One family discovered surprising savings in money and stress when they shed their second car in favor of ridesharing services and public transportation.

Sat, 30 Aug 2014 22:00:00 -0500

Google, Amazon and Uber are all testing delivery services.

Sat, 30 Aug 2014 19:00:00 -0500

Employees who use more vacation days end up with better performance reviews, according to a recent study.

Sat, 30 Aug 2014 16:00:00 -0500

Traffic lights for toilet stalls cuts down on bathroom wait times at concerts, stadiums and other venues.

Sat, 30 Aug 2014 14:00:00 -0500

Gain credibility and give your business a boost by putting your experiences on paper.

Fri, 29 Aug 2014 22:30:00 -0500

Consumers have little patience when shopping online but no business is too small to afford a high performance site.

Fri, 29 Aug 2014 22:00:00 -0500

If infographics blew up because they caught people’s attention where a boring report wouldn't, interactives are blowing up because they catch people’s attention -- and hold it.

Fri, 29 Aug 2014 21:30:00 -0500

When employees believe in the brand, the company prospers.

Fri, 29 Aug 2014 21:00:00 -0500

A coach shares his lessons from the basketball court, noting that the failure quotient is more important than IQ.

Fri, 29 Aug 2014 20:00:00 -0500

Startups that hire well-known industry insiders sometimes find they create bigger problems with their egos than they solve with their expertise.

Fri, 29 Aug 2014 19:30:00 -0500

Millennials who are new to management roles can follow these three tips to achieve better outcomes.

Fri, 29 Aug 2014 19:03:00 -0500

The 120-year-old company unveiled a new logo today, much to the amusement (and disgust) of commenters on social media.

Fri, 29 Aug 2014 19:00:00 -0500

Set up processes that build trust, accountability and communication to reap the benefits of having a remote operation.

Fri, 29 Aug 2014 18:30:00 -0500

The first year of a startup can be a brutal time for an entrepreneur. Here are a few lessons on how to survive the first 12 months.

Fri, 29 Aug 2014 18:00:00 -0500

Research shows that businesses of all sizes would be wise to include leadership from all walks of life.

Fri, 29 Aug 2014 17:48:00 -0500

Here's a statistical breakdown of all of the completed campaigns on Indiegogo and Kickstarter as of early August.

Fri, 29 Aug 2014 17:41:00 -0500

From grill-scrubbing robots to flamethrower-like fire starters, these hot gadgets can fire up your grilling game.

Fri, 29 Aug 2014 17:41:00 -0500

As the coffee market heats up, Dunkin' Donuts is finally serving up dark-roast brew.

Fri, 29 Aug 2014 17:30:00 -0500

Should you stay or should you go? Here's how to tell whether you should keep working with that client.

Fri, 29 Aug 2014 17:00:00 -0500

Treat every potential client as you would someone who you hope will give you a second date.

Fri, 29 Aug 2014 17:00:00 -0500

This CEO explains the one quality that he believes entrepreneurs need to study and master for success.

Fri, 29 Aug 2014 16:30:00 -0500

These seven practices can enhance the benefits of community in an informal office space.

Fri, 29 Aug 2014 16:27:00 -0500

Days prior to taking office, Emmanuel Macron suggested that unions should vote on certain 'exceptions' to a long-running and controversial French law.

Fri, 29 Aug 2014 16:09:00 -0500

If they succeed, the non-profit could use the registration to block other charities from capitalizing on the viral campaign.

Fri, 29 Aug 2014 16:00:00 -0500

Where the gap between the digital and the real starts to blur.

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.

Wed, 03 Sep 2014 02:56:00 -0500

China and Russia officials last month celebrated an oil pipeline agreement that will boost trade between the two sides by billions of dollars in the coming years.  Against a backdrop of political tension between Russia and the West, what's ahead for business ties between the two in the future? I [...]

Tue, 02 Sep 2014 21:50:00 -0500

Think Apple's iPhone 6 Will Change Payments? Think Again.

Tue, 02 Sep 2014 15:11:00 -0500

Whether you are negotiating for a raise or standing up for your legal rights, knowing what coworkers make gives you the upper hand. We offer practical advice about how to get the information you need.

Tue, 02 Sep 2014 06:04:00 -0500

Chris Tucker Owes Millions in Taxes, and Interest and Penalties Make it Worse. Here's What You Need to Avoid Following the Same Path.

Mon, 01 Sep 2014 14:05:00 -0500

As most of you probably know, someone somewhere dumped a deluge of purported nude photographs of a number of female celebrities online yesterday. The victims include the likes of Kate Upton, Victoria Justice, Ariana Grande, Kirsten Dunst, Mary Elizabeth Winstead, Krysten Ritter, Yvonne Strahovski, and Teresa Palmer. But the focal [...]

Mon, 01 Sep 2014 13:59:00 -0500

The upcoming iPhone 6 will be Apple's first with an NFC chip. That tiny device is the last piece of a puzzle that will allow the smartphone to become a digital wallet, putting Apple at the front of a race to make payments mobile. But adding the chip was the easy part; getting everything else lined up took time.

Mon, 01 Sep 2014 12:51:00 -0500

To stay relevant in today’s business world requires a fierce desire to learn, to improve, and to adapt. To do so, it’s important—vital—to question everything (just be tactful if it’s your boss that you’re questioning).

Mon, 01 Sep 2014 12:00:00 -0500

Companies can learn how to communicate sensitive changes from the way Microsoft handled this situation.

Mon, 01 Sep 2014 03:39:00 -0500

We’re a little over a week away from a big Apple launch event, which always seems to drum up talk about the so-called “post-PC era” we’re in. It is no secret that the overall PC market has taken a pummeling the last couple of years, but just because tablets and [...]

Wed, 27 Aug 2014 19:57:00 -0500

The one thing your company can’t do is retreat from the field of battle. There’s simply too much to be gained from participating in the fray.

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Is Your Bank Stealing From You?
By David Najor :: Friday, August 22, 2008 :: 13854 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!