Monday, March 2, 2015
Top Entrepreneur News

Mon, 02 Mar 2015 18:30:00 -0600

Far from being "dead," email marketing still has one of the highest engagement rates and returns on investment of any marketing strategy.

Mon, 02 Mar 2015 18:00:00 -0600

It's important to put the right person in charge of your brand's online voice, so be sure to ask the right questions.

Mon, 02 Mar 2015 17:47:00 -0600

With 25,000 users and $200,000 in funding, the social network is now rolling out to all campuses nationwide.

Mon, 02 Mar 2015 17:41:13 -0600

Find out if you're the dreaded control freak boss bullying your office, in 10 quick and very telling questions.

Mon, 02 Mar 2015 17:30:00 -0600

A business-model transition impacts everyone involved in the company's mission. Here is how to make it less stressful.

Mon, 02 Mar 2015 17:09:00 -0600

Although sadly, the furniture won't charge iPhones.

Mon, 02 Mar 2015 17:00:00 -0600

Armed with a 3-D printer, this company helps entrepreneurs bring their dreams to life.

Mon, 02 Mar 2015 16:32:00 -0600

Domino's is going Jetsons chic.

Mon, 02 Mar 2015 16:30:00 -0600

The Internet, social media and mobile devices drive productivity. They are also huge distractions. The solution requires a deft touch, not a hard line.

Mon, 02 Mar 2015 16:15:00 -0600

People can take a picture using their smartphone or tablet, then send the picture to a 3-D printing company and receive a 3-D version of their face.

Mon, 02 Mar 2015 16:00:00 -0600

You probably shouldn't, but this flowchart will help you know for sure.

Mon, 02 Mar 2015 15:30:00 -0600

Hey entrepreneurs and business people, stop saying you're sorry so much.

Mon, 02 Mar 2015 15:00:00 -0600

These are the primary ways that a new habit can be triggered. If you understand each of them, then you can select the right one for the particular habit that you are working on.

Mon, 02 Mar 2015 14:35:00 -0600

From flying drones around her farm to collecting old computers to being one of the first investors in Google, the iconic domestic goddess has a penchant for technology.

Mon, 02 Mar 2015 14:30:55 -0600

So far, the site is being split into two entities: Streams and Photos. More changes could come.

Mon, 02 Mar 2015 14:30:00 -0600

Writing is a practice with powerful benefits, personally and professionally, if you don't confuse it with cranking out content.

Mon, 02 Mar 2015 14:30:00 -0600

Whether it ends in success or failure, pushing through the experience of starting a business will change your perspective for the better.

Mon, 02 Mar 2015 14:00:00 -0600

Tips to help you take the plunge into entrepreneurship, achieve work-life balance and create a smooth workflow.

Mon, 02 Mar 2015 13:49:39 -0600

The latest Galaxy S smartphones feature a slim body made from aircraft-grade metal.

Mon, 02 Mar 2015 13:37:00 -0600

The company aims to expand its cross-platform strategy and deliver its often admired security, productivity and communication tools to many more smartphones and tablets.

Mon, 02 Mar 2015 13:30:00 -0600

Not that anyone cares about your personal brand, but the least you could do is present yourself to the world correctly.

Mon, 02 Mar 2015 13:00:00 -0600

If you are just beginning your first business venture, no matter where you are in your life, here are my first steps to get you going.

Mon, 02 Mar 2015 12:30:00 -0600

Call these the dirty dozen. If you want to get rich, start thinking like the wealthy.

Mon, 02 Mar 2015 11:30:00 -0600

Kristine Storie loved Xtend Barre so much, she decided to open a location of her own in Brooklyn.

Sun, 01 Mar 2015 23:00:00 -0600

A new study from UCLA found that when you eat your meals and snacks late at night, it can impact your ability to learn new things.

Sun, 01 Mar 2015 17:00:00 -0600

The 'Just do what I say' approach might not work.

Sun, 01 Mar 2015 16:00:00 -0600

Ideally, entrepreneurs should ask for as little money as possible and set up campaigns that run no longer than 30 days.

Sun, 01 Mar 2015 13:00:00 -0600

Formulating your work schedule is an important prioritization task. Here are four guidelines to keep in mind.

Sat, 28 Feb 2015 19:00:00 -0600

An app called Wigo has become the hottest thing on college campuses.

Sat, 28 Feb 2015 17:15:00 -0600

You have probably heard people talk about 'big data.' If your eyes start to glaze over when that term is mentioned, get your Big Data 101 Intro lesson here.

Sat, 28 Feb 2015 15:05:00 -0600

Every entrepreneur should have these fundamentals in place before launching a full-blown business.

Sat, 28 Feb 2015 14:00:00 -0600

Being the office blabbermouth isn't just annoying – it could hurt your career.

Sat, 28 Feb 2015 13:00:00 -0600

If you're serious about being an entrepreneur, let these stories of success guide your planning.

Sat, 28 Feb 2015 12:30:00 -0600

Over the last decade, Jeff Cohen has built business into 12 Togo's restaurants.

Sat, 28 Feb 2015 05:00:00 -0600

A look at the value of paid referrals and advisers and the difference between ethics and compliance.

Sat, 28 Feb 2015 00:30:00 -0600

Sseko Designs co-founder Liz Bohannon has big plans - and a 'no' from Shark Tank's investors won't crush them.

Sat, 28 Feb 2015 00:00:00 -0600

The hit AMC show is more than just a zombie flick. It teaches us a few management lessons that we must not forget.

Fri, 27 Feb 2015 23:30:00 -0600

See how to break through and triumph.

Fri, 27 Feb 2015 23:00:00 -0600

Harness word-of-mouth from influential people in a cost-effective campaign.

Fri, 27 Feb 2015 22:30:00 -0600

If you want to stretch your capabilities, step away from the traditional leadership library and consider these exercises.

Fri, 27 Feb 2015 22:00:00 -0600

Every business wants loyal customers, yet we often forget how crucial relationships are to our success.

Fri, 27 Feb 2015 21:45:00 -0600

These five tips will help you launch the career of your dreams.

Fri, 27 Feb 2015 21:30:00 -0600

This technique can help quell upset customers and hopefully put a stop to broadcasting their dissatifaction.

Fri, 27 Feb 2015 21:15:00 -0600

Everyone is confused about what publicists do these days. Understand some of the common pitfalls and strategize more effectively with a pro.

Fri, 27 Feb 2015 21:03:00 -0600

The actor and philanthropist known the world over for his portrayal of Mr. Spock on 'Star Trek' indeed did live long and prosper. Here are words to remember him by.

Fri, 27 Feb 2015 21:00:00 -0600

For one startup founder, the fitness platform with a cult-like following provides a physical, mental and emotional challenge.

Fri, 27 Feb 2015 20:30:00 -0600

Email providers and readers are raising the standards for what content makes it into the inbox and what lands in the junk pile.

Fri, 27 Feb 2015 20:15:00 -0600

Balance functionality and design or risk drowning in the crowded marketplace.

Fri, 27 Feb 2015 20:00:00 -0600

A funny thing happened when one woman gave up email. She found better ways to be productive.

Fri, 27 Feb 2015 19:45:00 -0600

Check out these essential qualities for success and ways to keep a top performer.

Fri, 27 Feb 2015 19:30:00 -0600

For brands, video creation is an essential component of existing in the virtual ecosystem. Here is how to ensure your videos are seen.

Fri, 27 Feb 2015 19:15:00 -0600

Mobile and web innovations can make managing public relations in the digital age faster and easier.

Fri, 27 Feb 2015 19:12:00 -0600

For example, as you are reading through Facebook, you can press "j" to get to the next post.

Fri, 27 Feb 2015 19:00:00 -0600

When it comes to communicating with your customers, just a few minutes of planning will save you time, energy and possibly, trouble, later down the line.

Fri, 27 Feb 2015 18:45:00 -0600

Attackers are exploiting flaws in Google's popular operating system.

Fri, 27 Feb 2015 18:30:00 -0600

Steer past the canned response to create a more authentic dialogue with job seekers.

Fri, 27 Feb 2015 18:14:00 -0600

With more than 1,100 former RadioShacks now open for new businesses, franchises are finding opportunity in the brand's bankruptcy.

Fri, 27 Feb 2015 18:00:00 -0600

The perpetual grind of performance improvement can be overwhelming, so seek an external party.

Fri, 27 Feb 2015 17:45:00 -0600

The reason may be due to uncertainties caused by the financial crisis and how home values have fallen so much.

Fri, 27 Feb 2015 17:30:00 -0600

Creating a MAP will take no more than an hour of your time every month and will keep the lines of communication open, ensuring relationships with investors remain strong, and ultimately helping early-stage startups succeed.

Fri, 27 Feb 2015 17:00:00 -0600

While a key aspect of his plan changed, City Winery founder Michael Dorf achieved his original goal: to build a place where people could eat, drink and enjoy an intimate concert experience.

Fri, 27 Feb 2015 17:00:00 -0600

Co-working space AlleyNYC recently raised $16 million in a round we participated in. Here's our reasoning.

Fri, 27 Feb 2015 16:39:00 -0600

Failing to do so will result in a cold shoulder from Google.

Fri, 27 Feb 2015 16:32:00 -0600

Earth's biggest e-tailer could one day 3-D print your purchases from the back of a high-tech delivery truck.

Fri, 27 Feb 2015 16:30:00 -0600

You need to seek an amount that is just right, based on your real needs, and consistent with the capabilities and interests of the investors you are addressing.

Fri, 27 Feb 2015 16:15:00 -0600

The groups are betting on a very musical future.

Fri, 27 Feb 2015 16:06:00 -0600

Black and blue or white and gold?

Fri, 27 Feb 2015 16:00:00 -0600

It's an incredibly important and extremely specific role.

Fri, 27 Feb 2015 15:45:00 -0600

Reaching out for help when you need it is crucial when you've taken on the grueling and often lonely work of building a business.

Fri, 27 Feb 2015 15:30:00 -0600

You could learn a lot by working your way to the top of a well-established company, but who has time for that?

Fri, 27 Feb 2015 15:17:00 -0600

Kira Wampler is the new chief marketing officer of the San Francisco ridesharing company Lyft. She is also a mother of two. Here's how she manages both roles.

Fri, 27 Feb 2015 15:04:00 -0600

The taco chain plans to add 1,300 new locations internationally by 2023.

Fri, 27 Feb 2015 15:00:00 -0600

The big event kicks off March 2 in Barcelona.

Fri, 27 Feb 2015 14:45:00 -0600

The Swedish mobile telecom gear maker is suing over patents related to the 2G and 4G/LTE standards.

Fri, 27 Feb 2015 14:30:00 -0600

The Miller brothers have created a technology platform that is transforming real estate investment.

Fri, 27 Feb 2015 14:15:00 -0600

Check out which little-known startups and sectors landed major funding in 2014.

Fri, 27 Feb 2015 14:00:00 -0600

Google's latest moves in the mobile payment market and Apple's plans to expand across the pond.

Fri, 27 Feb 2015 14:00:00 -0600

Social-media marketing for a business is one thing. Now imagine achieving social success when the brand you're trying to promote is you.

Fri, 27 Feb 2015 13:30:00 -0600

Spending money on a beautifully designed, fully capable website is no longer a luxury if you're looking to launch or grow any ecommerce business in 2015.

Fri, 27 Feb 2015 13:18:00 -0600

The FCC now has oversight of the Internet. But there is one thing it can never change.

Fri, 27 Feb 2015 13:15:00 -0600

Stone and co-founder Evan Williams teamed up because they resonated and trusted great things would follow.

Fri, 27 Feb 2015 13:00:00 -0600

It's a truism that 20 percent of your efforts yield 80 percent of your results. Now consider what, or who, is causing 80 percent of your problems.

Fri, 27 Feb 2015 12:30:00 -0600

Originally from Des Moines, Iowa, the Newmans were more than willing to relocate to open a Two Men and a Truck location.

Fri, 27 Feb 2015 12:00:00 -0600

Follow these three tips to help make your early hours beneficial.

Thu, 26 Feb 2015 23:30:00 -0600

While these cornerstones can be hard to live by, they are what makes entrepreneurs successful.

Thu, 26 Feb 2015 23:00:00 -0600

The tools you use can either help or hinder your employee's drive and creativity, so think critically about what your goals are.

Thu, 26 Feb 2015 22:30:00 -0600

Almost half of a brand's customers will soon be proverbially "up for grabs" to anyone with an effective mobile marketing strategy.

Thu, 26 Feb 2015 22:15:00 -0600

Business leaders can empower employees to be entrepreneurial, test out new ideas and spread a culture of innovation.

Thu, 26 Feb 2015 22:00:00 -0600

Hiring is a notoriously tricky process. Finding the stars you need requires knowing what to look for, and how to spot it.

Thu, 26 Feb 2015 21:45:00 -0600

Morgan Stanley analysts don't see a love connection for investors.

Mon, 02 Mar 2015 15:00:00 -0600

So you want a job in sports, but given the choice, what organization is the best to work for? The sports industry is incredibly competitive, with a high barrier to entry and an even steeper climb to the top. Those that have spent time working in sports know how often organizations turnover employees, [...]

Mon, 02 Mar 2015 14:40:00 -0600

Formaldehyde can cause cancer and other ailments including skin and breathing problems.

Mon, 02 Mar 2015 13:45:00 -0600

With 32,000 more emails just 'found,' IRS still has some explaining to do, particularly given the report that no one asked to recover them. This tax season, taxpayers everywhere are wondering how they would fare if they responded to an audit in this way.

Mon, 02 Mar 2015 13:00:00 -0600

Everything you need to know about Samsung's most important phones of 2015.

Mon, 02 Mar 2015 12:00:00 -0600

A record 290 newcomers joined the Forbes billionaires list in the last year as world markets defied international turmoil. While wars, diseases and currency crises made headlines, tycoons from every continent but Antarctica managed to mint new 10-figure fortunes. Nearly 25% of this year’s first-time billionaires hail from China, which produced [...]

Mon, 02 Mar 2015 11:48:00 -0600

Michael Akindele, a 30 year-old Nigerian, is a director and co-founder of SOLO Phone, a new experience-driven digital content and Smartphone company focused on delivering the best content and services on the mobile platform to African consumers. He spoke about his entrepreneurial journey and why he believes SOLO Phone is better than the competition

Mon, 02 Mar 2015 11:45:00 -0600

see photosAlberto E. Rodriguez/Getty ImagesClick for full photo gallery: 20 Richest Women 2015 It was yet another record year for women on the new FORBES list of the World's Billionaires. Of a total 1,826 billionaires, 197 are women, up from 172 in 2014. That's a nice gain, but women still account [...]

Mon, 02 Mar 2015 11:45:00 -0600

Despite pockets of economic turmoil, the number of billionaires around the world expanded to record 1,826, including 290 newcomers. While ten-figure fortunes surged in China, the U.S. still dominates the rankings. Bill Gates is No. 1 again, and Warren Buffett, at No. 2, is the world’s biggest gainer.

Mon, 02 Mar 2015 02:00:00 -0600

Spoilers through Season 5 of 'The Walking Dead' follow. We met the new bad guys in tonight's episode of The Walking Dead, and no I'm not referring to the "douchebag" Aidan (though I was glad to see someone so deserving a fist to the face got a fist to the face this episode.) I'm [...]

Fri, 27 Feb 2015 16:09:00 -0600

Who needs $100 oil? Texas still has more jobs, more manufacturing, lots of high tech, light regulation, no state income tax - and lots of room to spread out.

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Is Your Bank Stealing From You?
By David Najor :: Friday, August 22, 2008 :: 15086 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!