Small Business
Top stories summarized by our editors
5/26/2017

Leaders in the fitness space use a number of tactics to stay inspired, including attending industry events, reading trade journals and saving positive feedback from customers. Anthony Geisler, CEO of Club Pilates, and Peter Taunton, CEO of Snap Fitness' parent company, both say they are inspired by the challenges they face in the industry.

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Club Industry
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Snap Fitness, Peter Taunton
5/26/2017

Earlier this year, the 4th Circuit Court of Appeals determined that there was a joint-employer relationship between a contractor and a subcontractor that provided drywall installation services. In making its ruling, the court outlined a six-factor test for determining when joint-employer relationships exist.

5/26/2017

Finding a lead investor for a seed funding round can be challenging, but it's easier if you have taken the time to build relationships with venture capitalists who may be interested, writes Ash Rust. Be sure to respond promptly to questions from VCs, and consider raising from smaller investors before signing on a lead.

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Hacker Noon
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Venture capitalists, Ash Rust
5/26/2017

There's no simple way to determine whether it's time to add a chief operating officer, but you may need to act if "the current C-suite faces more demands than can feasibly be accomplished in even the longest workday," write Stephen Miles and Nathan Bennett. Some companies choose to hire an outsider while others promote from within, but either way, you'll want to make sure the role is clearly defined.

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Entrepreneur online
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Nathan Bennett, Stephen Miles
5/26/2017

Don't worry about firing senior executives too early, as junior employees will have already noticed that something is wrong, writes Lars Dalgaard, founder of SuccessFactors. Every day that you wait to fire someone who is falling short is another day that you do not have the right person in the position, Dalgaard notes.

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Andreessen Horowitz
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Lars Dalgaard, SuccessFactors
5/26/2017

An early backer of Blink Health is suing the prescription drug startup, alleging that the company did not convert a $1 million investment into an equity stake as promised. A spokesperson for the company called the allegations in the lawsuit "demonstrably false."

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Fortune
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Blink Health
5/25/2017

The gig economy now comprises about 34% of the US workforce, but is expected to be 43% of the US workforce by 2020, according to an Intuit report. Consulting firm McKinsey says the US has about 68 million freelancers.

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CNNMoney
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US, McKinsey, Intuit
5/25/2017

Researchers might have figured out why flamingos balance on one leg so well, as an experiment discovered even a deceased flamingo can support its weight passively on one leg without muscle activity. Standing on two legs, by contrast, requires ongoing muscle activity and risks fatigue.

5/25/2017

Connecticut veterinarian Neil Wolff spent more than 30 years running an animal hospital, then started a business to make house calls to check up on sick pets. Requiring owners to bring their pets to an animal hospital "often seemed not to be ideal for patients too scared, too rambunctious, too big, or too numerous to go to a veterinary building," Wolff said.

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Patch
5/25/2017

JetBlue's origins illustrate the need to understand the individual motivations of your founding team, identify a common mission and turn beliefs into action, write Mario Moussa and Derek Newberry.

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Entrepreneur online
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JetBlue