Wednesday, July 23, 2014
Top Entrepreneur News

Wed, 23 Jul 2014 22:30:00 -0500

It turns out, products don't sell themselves, and customers enjoy interacting with people.

Wed, 23 Jul 2014 22:00:00 -0500

Meals and entertainment expenses can save on your taxes but you need to see it the way the IRS sees it.

Wed, 23 Jul 2014 21:30:00 -0500

Happy employees and great prices lead to devoted customers, or so the theory goes. A New England supermarket chain may sacrifice all this in a battle of cousins.

Wed, 23 Jul 2014 21:00:00 -0500

Make your client-support process a win for all involved, not excluding those answering the phones.

Wed, 23 Jul 2014 20:47:00 -0500

Earlier this year, the toy company launched Lego Ideas, a strategy to crowdsource new designs.

Wed, 23 Jul 2014 20:30:00 -0500

How do competitors deliver top performance when so much is riding on a single movement?

Wed, 23 Jul 2014 20:00:00 -0500

If like to read for escape, read these books to escape to the next level.

Wed, 23 Jul 2014 19:45:00 -0500

The location-based social networking platform continues its rebranding efforts with a new logo.

Wed, 23 Jul 2014 19:30:00 -0500

There’s one thing worse than watching an entrepreneur crumble under a fatal barrage of questions.

Wed, 23 Jul 2014 19:00:00 -0500

There are many moral and ethical questions business owners face on a regular basis. Is there a right way to do things?

Wed, 23 Jul 2014 18:30:00 -0500

Facebook matters less as other social media platforms gain currency but it is still worth your effort, even if you need to pay for ads.

Wed, 23 Jul 2014 18:00:00 -0500

To generate revenue, you need customers to buy your products or utilize your services. Here's how to get started on the way to a cost-effective plan.

Wed, 23 Jul 2014 17:45:00 -0500

Turning business processes into games -- the idea behind the trendy buzzword “gamification” -- encourages frequent participation and makes mundane tasks entertaining.

Wed, 23 Jul 2014 17:45:00 -0500

Technology execs gather to discuss the challenges and opportunities of this growing industry.

Wed, 23 Jul 2014 17:30:00 -0500

Reading the fine-print is important, but big picture items -- and a little humor -- go a long way.

Wed, 23 Jul 2014 17:30:00 -0500

Managing the risk properly is the challenge. Use the right intelligence to make your moves.

Wed, 23 Jul 2014 17:00:00 -0500

Not all investors are created equal. Here are some tips on finding the best investor for your startup and its needs.

Wed, 23 Jul 2014 16:30:00 -0500

Foster new relationships abroad by building trust and minding important social cues.

Wed, 23 Jul 2014 16:10:00 -0500

Perhaps your greatest creative ideas will happen away from the keyboard, pen in hand.

Wed, 23 Jul 2014 16:00:00 -0500

We're not talking about illegal practices, like email span, but rather strategies that fall under the gray areas of marketing etiquette.

Wed, 23 Jul 2014 15:30:00 -0500

Are you the total package? Work to create the best version of you.

Wed, 23 Jul 2014 15:00:00 -0500

The steps you must take to turn a side hustle into a full-fledged business.

Wed, 23 Jul 2014 15:00:00 -0500

Officials believe the American-owned food supplier in China purposefully sold expired chicken to chains including McDonald's, KFC and Starbucks.

Wed, 23 Jul 2014 14:30:00 -0500

These three tips can keep staff empowered and engaged – without micromanaging.

Wed, 23 Jul 2014 14:00:00 -0500

You weren't afraid of risk when you launched your business, now take the risk of trusting your team to help you grow it.

Wed, 23 Jul 2014 13:30:00 -0500

Consumers can choose from an endless list of good products. They are loyal to brands as open about their values as their ingredients.

Wed, 23 Jul 2014 13:08:00 -0500

After 10 years in the Marines and a bout with leukemia, this franchisee decided she wanted to be an entrepreneur.

Wed, 23 Jul 2014 13:00:00 -0500

Sure, mobile banking apps let you track your cash on the go, but they can also help you protect it, too. Here's how. It's easier than you might think.

Wed, 23 Jul 2014 12:30:00 -0500

There’s no traffic on the extra mile.

Wed, 23 Jul 2014 12:00:00 -0500

With so much of our work now being done at computers, music has become an important way to 'optimize the boring.' Here's how to do it right.

Wed, 23 Jul 2014 11:30:00 -0500

With many unsatisfied with the current setup for giving feedback, find out how software can step into the breach.

Wed, 23 Jul 2014 11:00:00 -0500

Why events focused on the creative arts may be a more effective way to meet other innovators, find inspiration and reconnect with your entrepreneurial soul.

Wed, 23 Jul 2014 11:00:00 -0500

Domino's ad for Specialty Chicken features a reference to a failed cookie pizza just as Pizza Hut rolled out a cookie pizza of its own.

Tue, 22 Jul 2014 23:00:00 -0500

Websites don't always require costly features, gimmicks or tricks to scale. Often it just comes down to good content.

Tue, 22 Jul 2014 22:30:00 -0500

Shared experiences and live interactions can build a bond that lasts, creating a customer for the long run.

Tue, 22 Jul 2014 22:00:00 -0500

After completing his challenge of taking 30 courses in 30 days, a businessman shares his insights.

Tue, 22 Jul 2014 21:30:00 -0500

An author hawking his books in the park provides some examples for strategies that can easily be adapted for your business.

Tue, 22 Jul 2014 21:00:00 -0500

More devices are expected to be connected at the end of the decade. Router-maker Belkin recently launched a new product line to get an early start.

Tue, 22 Jul 2014 20:45:00 -0500

The consumer tech giant beat on profit and missed on revenue in the third quarter.

Tue, 22 Jul 2014 20:30:00 -0500

Those "cult'' brands that sell without apparent effort share some basics, regardless of product or market.

Tue, 22 Jul 2014 20:21:39 -0500

The retailer will launch a line of head-to-toe outfits "best suited for different professions," including 'The Corporate Guy,' 'The Creative Guy,' and yes, 'The Startup Guy.'

Tue, 22 Jul 2014 20:00:00 -0500

The founder of startup Fusio-io used a technique that is critical to every entrepreneur in the world but seldom mastered.

Tue, 22 Jul 2014 19:50:00 -0500

The mobile ad and analytics company is one of Yahoo's most expensive acquisition to date under CEO Marissa Mayer.

Tue, 22 Jul 2014 19:41:00 -0500

Two courts disagree on whether the Internal Revenue Service can provide subsidies to those purchasing health insurance on the federal health insurance exchange.

Tue, 22 Jul 2014 19:30:00 -0500

Entrepreneurs seeking to market to educators would benefit from understanding how new apps and tools align with schools’ day-to-day needs.

Tue, 22 Jul 2014 19:00:00 -0500

Learn how to make your message stand out in the crowd by being fresh, relevant and interesting, and sharing and engaging with fellow community members.

Tue, 22 Jul 2014 18:33:00 -0500

There are several important factors to consider before you license your invention. Here's a handy overview to help you out.

Tue, 22 Jul 2014 18:30:00 -0500

Effective sales teams are the product of the culture within the team, across the company and including customers.

Tue, 22 Jul 2014 18:00:00 -0500

Using content is cheaper and more effective than traditional advertising. Here are three things your strategy should entail.

Tue, 22 Jul 2014 17:32:21 -0500

In this drawing, Apple's image for a smartwatch looks similar to other devices that are already out.

Tue, 22 Jul 2014 17:30:00 -0500

Tolerating interruptions is not the hallmark of a successful business leader.

Tue, 22 Jul 2014 17:22:00 -0500

The venture signals that YouTube stars with palpable buzz and inbuilt fan bases have become increasingly enticing to the world’s biggest music corporations.

Tue, 22 Jul 2014 17:00:00 -0500

These franchise founders are turning oddball menu offerings into serious business.

Tue, 22 Jul 2014 16:55:00 -0500

Eighty-five investors can now say they own part of The Hard Rock Hotel in downtown Palm Springs, Calif.

Tue, 22 Jul 2014 16:30:00 -0500

In the world of startups, entrepreneurs have very little time. To help organize tasks and responsibilities, consider these tips.

Tue, 22 Jul 2014 16:00:00 -0500

Do the following traits, characteristics and quirks describe you?

Tue, 22 Jul 2014 15:30:00 -0500

Setting an ambitious goal at your company can act as a magnet to the best employees, who will want to stick around to see it through.

Tue, 22 Jul 2014 15:15:00 -0500

Legal battles with franchisees, expired meat and another disappointing quarterly report: it's already been a hard week for McDonald's.

Tue, 22 Jul 2014 15:00:00 -0500

One of the top issues for business owners is finding time, so technology solutions are needed to ease the burden.

Tue, 22 Jul 2014 15:00:00 -0500

How asking ‘why’ can help you lock up the sale.

Tue, 22 Jul 2014 14:30:00 -0500

You design your environment, and how you do so says as much about you, your passion, commitment and leadership style as it does about your company culture.

Tue, 22 Jul 2014 14:00:00 -0500

Apoorva Mehta’s company, the grocery delivery service Instacart, just raised $44 million and is expanding rapidly.

Tue, 22 Jul 2014 13:30:00 -0500

To win at poker, consistently make the right bets on the right cards. Winning in business -- and in life -- is exactly the same.

Tue, 22 Jul 2014 13:00:00 -0500

You don't need a massive budget to create high-quality commercial-like videos. You just need an iPhone and a few tips.

Tue, 22 Jul 2014 12:30:00 -0500

Twitter can be a great way to connect with new personal and business contacts. Here are the ways I use the social network to my benefit.

Tue, 22 Jul 2014 12:00:00 -0500

When starting up, it's OK if you don't know what you're doing some of the time. Here's why you should always keep an open mind and keep learning.

Tue, 22 Jul 2014 11:30:00 -0500

Jim Koch has had the same title for the last three decades, but he's as excited as ever to go to work each day. Here's why.

Tue, 22 Jul 2014 11:30:00 -0500

Devang and Chaitali Kothari didn't realize that the biggest challenge in franchising would be learning to be good managers.

Tue, 22 Jul 2014 11:00:00 -0500

It's not always possible to bring a valued partner along to a presentation but it can better the odds at success.

Tue, 22 Jul 2014 11:00:00 -0500

Costumers judge your site first by how it looks and performs, then content.

Mon, 21 Jul 2014 23:00:00 -0500

Shun haphazard management, break the inertia of old habits and set up the dynamics for success.

Mon, 21 Jul 2014 22:30:00 -0500

A CEO who can't turn off that business persona for the nonwork parts of life may encounter a bountiful set of serious problems.

Mon, 21 Jul 2014 22:00:00 -0500

That feeling of being unfettered on the Internet is an illusion but some basic legal documents will make it virtually real.

Mon, 21 Jul 2014 21:30:00 -0500

Those college kids running errands, unburdened by your senior staff's decades of experience, can’t help but have a fresh perspective.

Mon, 21 Jul 2014 21:00:00 -0500

The impulse may be to rush to market, but taking the time to understand your potential customers will go a long way.

Mon, 21 Jul 2014 20:30:00 -0500

Zero hour contracts, already common in UK and Europe, are likely to catch on in the US.

Mon, 21 Jul 2014 20:30:00 -0500

It's a vulgar, panicky and needy habit.

Mon, 21 Jul 2014 20:19:00 -0500

Hasbro and the online marketplace Shapeways said their team-up marks the first time that a major global company has opened up its intellectual property for fan-made products.

Mon, 21 Jul 2014 20:00:00 -0500

Here are five must-read books that show what entrepreneurial success really takes, and how we can apply the principles of the best to our business.

Mon, 21 Jul 2014 19:30:00 -0500

Sharpen your game as customers are becoming more knowledgeable and higher-quality goods are being sold online.

Mon, 21 Jul 2014 19:00:00 -0500

Big Data offers tantalizing opportunities that can be seized with the right tools and culture.

Mon, 21 Jul 2014 18:30:00 -0500

The stamina and values of veterans are major assets for every employer. Helping them make the transition from military life to civilian employment is the right thing to do.

Mon, 21 Jul 2014 18:28:00 -0500

Your pooch may finally be able to contribute to household expenses if it snags this highly paw-veted position.

Mon, 21 Jul 2014 18:00:00 -0500

The unblinking vigilance required to protect data systems is creating opportunity for job seekers and entrepreneurs.

Mon, 21 Jul 2014 16:36:00 -0500

A supplier to the fast-food chains in China has been accused of using expired meat and allowing unhygienic practices.

Mon, 21 Jul 2014 16:30:00 -0500

The difference between success and failure often comes down to these actions.

Mon, 21 Jul 2014 16:23:00 -0500

After taking a leap of faith 22 years ago, Susan and Dan Manwaring have opened 14 Batteries Plus Bulbs stores.

Mon, 21 Jul 2014 16:19:00 -0500

Speaking at a business conference in Paraguay, Mexican telecommunications billionaire Carlos Slim called for a 'radical overhaul' of the traditional workweek paradigm.

Mon, 21 Jul 2014 16:11:00 -0500

Turns out, America's airline companies have the world's most uncomfortable seats. Yay.

Mon, 21 Jul 2014 16:00:00 -0500

A worker group is filing charges against franchisees and McDonald's as a joint employer, setting a precedent that could have broad ripple effects.

Mon, 21 Jul 2014 16:00:00 -0500

A strong equity position supports the notion that the owner is likely to protect the investment and repay borrowed funds.

Mon, 21 Jul 2014 15:43:00 -0500

The NBA star has partnered with former NBC executive Stuart Goldfab to create M7 Tech Partners, a venture capital firm that will invest in early-stage startups.

Mon, 21 Jul 2014 15:35:00 -0500

The Ritot team set out to raise $50,000 through crowdfunding and has earned it almost eight times over.

Mon, 21 Jul 2014 15:30:00 -0500

It’s important not to overlook the power of small steps and single interactions that can solidify and share your brand with others.

Mon, 21 Jul 2014 15:00:00 -0500

Whether you run a small company or a large corporation, changing a culture should be done with care, or risk an implosion.

Mon, 21 Jul 2014 15:00:00 -0500

Get a thriving company off the ground with this plan.

Mon, 21 Jul 2014 14:30:00 -0500

If you've launched and are running your own business, give yourself a pat on the back with this affirming list.

Mon, 21 Jul 2014 14:00:00 -0500

It can be tough selling a whole new concept, so consider following the lead of another company and making improvements.

Mon, 21 Jul 2014 13:30:00 -0500

New tech solutions enable companies to launch campaigns on their own portal when raising money.

Mon, 21 Jul 2014 13:15:00 -0500

Even the cryptocurrency's biggest boosters admit it is probably too early to be useful to the mainstream.

Wed, 23 Jul 2014 19:38:00 -0500

A lawsuit was just commenced by Ultra Records against beauty guru Michelle Phan for using unlicensed music from Ultra’s artists in her YouTube videos. The case presents a number of legal questions that I will try to clarify.

Wed, 23 Jul 2014 18:04:00 -0500

A California fruit-packing company has issued a voluntary recall of certain lots of Sweet2Eat whole peaches (white and yellow), nectarines (white and yellow), plums and pluots.

Wed, 23 Jul 2014 16:04:00 -0500

It's a fairly standard condemnation of the business practices of WalMart that it pays low wages to its associates, what in other companies we tend to call employees. It's certainly true that WalMart pays low wages by the standards of, say, the computing industry, or the joys of government work. But that's not actually how we should be measuring whether WalMart's wages are high or low. The correct method would be, well, what would wages be in retail in the absence of WalMart? And there's an intriguing little paper that looks at this question. Not exactly, as it's not looking at WalMart as a specific company, rather it's looking at the effect of big retail on wages in the retail sector. Given that WalMart is very definitely big retail we can take this paper as being a useful proxy for the effect of the firm. And the result is most interesting: With malls, franchise strips and big-box retailers increasingly dotting the landscape, there is concern that middle-class jobs in manufacturing in the U.S. are being replaced by minimum wage jobs in retail. Retail jobs have spread, while manufacturing jobs have shrunk in number. In this paper, we characterize the wages that have accompanied the growth in retail. We show that wage rates in the retail sector rise markedly with firm size and with establishment size. These increases are halved when we control for worker fixed effects, suggesting that there is sorting of better workers into larger firms. Also, higher ability workers get promoted to the position of manager, which is associated with higher pay. We conclude that the growth in modern retail, characterized by larger chains of larger establishments with more levels of hierarchy, is raising wage rates relative to traditional mom-and-pop retail stores. Don't you think that's an interesting result? That pay at Big Box and chain retail is higher than it is in the Mom and Pop stores that they largely replace?

Wed, 23 Jul 2014 14:38:00 -0500

Microsoft's mixed results have largely pleased Wall Street. But the good news on cloud services and stabilization in the PC market can't mask an ugly truth for the software giant: All of its hardware divisions are performing somewhere between terrible and absolutely dreadful. The worst among them, though, was the Xbox division where the rapid deterioration of Microsoft's console business may lead to another round of calls to spin the division off.

Wed, 23 Jul 2014 14:33:00 -0500

Taking photos with an Android phone can be a very satisfying endeavor. Or it can be a study in frustration and ruined photo opportunities. Why? Because while all Android devices are powered by OS, phone makers are free to develop their own camera apps, adopting or omitting photo features as they see fit. Simply put, some companies do this better than others. One of the best ways to improve your photography experience then, is to use a third party camera app instead of the one that came installed on your phone. Of the dozens available on Google's Play Store, these apps stand out by offering very useful features, great performance and a well-organized interface. In daily use I've found they can each help you take better pictures, without a lot of fuss. While many camera apps include built-in photo editing tools, here I’m concentrating solely on picture-taking capabilities. You can read this photo editing app roundup for my top post-processing apps.

Wed, 23 Jul 2014 14:10:00 -0500

Lucy, starring Scarlett Johansson, isn't the movie that's being advertised, but it's an interesting and entertaining science-fiction character study.

Wed, 23 Jul 2014 13:57:00 -0500

The U.S. economic recovery has been an uneven one. Overall, the recent numbers look great. The Bureau of Labor Statistics announced U.S. employers added 288,000 jobs in June. The unemployment rate fell to 6.1%, the lowest it has been since the financial crisis peaked in the fall of 2008. A total of 1.4 million jobs were added in the past six months, which marks the best showing since 2006. The stock market has continued its meteoric rise, with the Dow Jones topping 17,000 for the first time on the news.

Wed, 23 Jul 2014 13:56:00 -0500

Florida’s economy experienced a tremendous surge during the first half of the 2000s when home prices jumped 120% between 2000 and 2006. The gains fueled more construction and speculative buying, while the unemployment rate for the state stood at a scant 3.3% throughout most of 2006. But when the financial crisis hit, Florida was smacked as hard as any state in the nation. Home prices plummeted, foreclosures soared and unemployment peaked at 11.4% for the state.

Wed, 23 Jul 2014 13:41:00 -0500

Back in the late 1990s, I became concerned that my LDL cholesterol levels were getting too high. Despite being an avid runner, having a normal body mass index, and maintaining a reasonable diet, my total cholesterol exceeded 250 and my LDL level was over 140. Given that I had a strong family history of heart disease, at my annual physical I asked my physician if statin therapy would be appropriate. At that time he was uncomfortable putting me on a statin, which I would then use for the rest of my life, because they were relatively new to the marketplace. Instead, he told me to take niacin. Niacin, also known as vitamin B3, had been used for decades to treat people with known lipid abnormalities. My doctor was far more comfortable prescribing this older, proven medication with a long history of use as opposed to the newer agents.

Wed, 23 Jul 2014 01:59:00 -0500

, the internet search behemoth based in Mountain View, , is offering to pay a $1 million prize - as part of the Little Box Challenge - to anyone who can design and build a better small-scale power inverter.

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Where Less Tax Burden Flow - Chaldean Businesses Go
By David Najor :: Monday, December 22, 2008 :: 18381 Views :: Article Rating :: Business & Finance, Government & Society

California, USA – Chaldeans in California grow worrisome as the state’s debt skyrockets.  “They will tax the people to death in this state,” says Abrahim Bajoka, owner of an Arco Gas Station.  “Tax! Tax! Tax!  The more money they take from us the less we can grow, hire new people, or buy new products to sell.  This is basic business.  What is wrong with this state?”

Bajoka’s aggravation is not rare.  Taxpayer groups in the “Fruit & Nut” state are also fuming and vowing to go to court to initiate a referendum to halt nearly $10 billion in recent tax increases Democrats passed in a secret special session last Thursday. 

Lawmakers across the nation are shocked at the extraordinary parliamentary maneuver.   California Democrats circumvented a constitutional provision requiring a two-thirds vote in the state legislature to raise taxes by using their simple majority. “What they are telling small business owners is that we don’t want you in our state,” says Bajoka.  “The hard workers get taxed and the lazy get fed.  This is all wrong.”

So which are the best low-tax states welcoming new business leaders and encouraging economic growth?  Just follow the trail of Chaldeans….

Chaldeans are wisely picking the low tax states to expand their franchises or establish new businesses.  Lower taxes gives businesses more cash to spend exploring new business ideas, product lines, marketing, and research.  Kicking less money up to Uncle Sam also helps business owners better cope with changing estimations of expenses due to regulatory fuel and energy costs. 

Bajoka says that whatever taxes a business is required to pay will simply be passed to the customers by increasing the cost of products.  However, higher prices means less buying, which means less production and manufacturing or a slowing of the economy.  “Customers will buy less.  They can’t afford as much because government forces the prices to go up.  This is not the time to raise taxes.” 

Tax Foundation President Scott Hodge reported a study that shows Americans will spend more on taxes in 2008 than on food, clothing, and housing combined. The report went on to say that in 2008, Americans worked 74 days to pay their federal taxes and 39 days more to cover state and local levies.

Outside of leaving the country, the most one can do about Federal taxes is vote the right people into office.  But the state and local tax burden varies considerably by location. The most expensive state and local taxes are typically sales and excise taxes (14 days' pay), property taxes (12 days' pay), and income tax (10 days' pay).

U.S. News cranked recently sifted through more than 2,000 U.S. places to find locales that have relatively low taxes but also offer amenities important to small business owners like a reasonable cost of living and fine recreational and cultural choices. Many of the low-tax havens have no state sales tax, like Billings, Mont., or no state income tax, like Sioux Falls, S.D.

There's nothing like zero tax to make your business dollar go further. 

Chaldeans are well aware of one low-tax retirement gem, Stafford, Texas, a suburb of Houston.  The place has been booming with new businesses because of the suburb’s move to entirely eliminate its property tax in 1995. Texas is also one of seven states with no income tax. (The others are Alaska, Florida, Nevada, South Dakota, Washington, and Wyoming.) Stafford also has the lowest sales tax in the Houston area.

Chaldeans are also moving to Florida and Las Vegas.  The business-friendly tax structure of the states has kept the states doing amazingly well in comparison to states like Michigan, Illinois, and California are drowning.  Both Florida and Nevada have slashed government budgets instead of taking the short-term easy way out and tax residents and businesses. 

There is one state the our native desert dwellers have yet to invade.  The most tax-friendly state for businesses is Alaska. The geographically largest state in the union is the only one without any kind of income or sales tax and pays residents to live in their state.

Alaska residents with at least one year in the state receive annual Alaska Permanent Fund dividends. The state’s governor was able to secure an incredibly high payout for Alaskan residents of $3,269 in 2008, but even more typical dividends have been nothing to scoff at, ranging from $827 to $1,964 over the past two decades.

Who knows maybe Chaldeans will venture out into polar bear country?  Michigan Chaldeans won’t have much of a problem dealing with the frigid winds, snowy roads, and icy car doors - not as long as they keep the tea warm.