Industry News
Small Business
Top stories summarized by our editors
7/30/2021

Direct-to-consumer health startup Ro is expanding into mental health, debuting a service called Ro Mind. Consumers will be able to get prescriptions to treat generalized anxiety disorder and major depressive disorder if they meet certain criteria after completing a questionnaire and a consultation with a provider.

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MobiHealthNews
7/30/2021

Automate low-value tasks when possible, freeing up salespeople to focus on high-value activities such as prospecting, writing personalized emails and engaging with prospects on social media. "Implementing the right tools so they can spend their time on the right activities shifts the entire workplace dynamic from one dealing with tired and underperforming employees, to that of an enthusiastic team hitting its quotas and generating revenue," writes Ryan O'Hara.

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Sales Hacker
7/30/2021

The personal consumption expenditures price index, a key inflation indicator used by the Federal Reserve, increased 3.5% last month. This was the largest jump since July 1991.

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CNBC
7/30/2021

Gainesville Regional Airport in Florida celebrated the opening of a nearly $16 million terminal expansion, a project that was completed ahead of schedule and funded mostly with federal grants. "Once people are vaccinated a lot of them are taking trips to see family members they haven't seen for a long time, they're going to come to this beautiful, new, bright, sleek, convenient, gorgeous airport," said Erin Porter, the airport's public relations manager.

7/30/2021

Sponsors of special-purpose acquisition companies are reducing the time to find an acquisition target and adding funds to the gross proceeds raised as the SPAC frenzy cools, says RiverNorth Capital Management CEO and Chief Information Officer Patrick Galley. SPACs are also setting their sights abroad as the market evolves.

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Crunchbase
7/30/2021

The Securities and Exchange Commission has paused processing initial public offerings registrations by Chinese companies while it develops new risk guidance. Chinese companies seeking to sell shares in the US will be subject to additional disclosures in response to China's recent regulatory restrictions, SEC Chair Gary Gensler says.

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SEC
7/30/2021

An indictment unsealed by the US Attorney's Office in Manhattan charges Trevor Milton, founder of electric truck company Nikola and its former chief executive, with two counts of securities fraud and one count of wire fraud. The indictment said Milton provided investors with false and misleading information about the company.

7/30/2021

To better understand and improve the customer experience, it's important that you collect the right data. Peter Boyd, founder of PaperStreet Web Design, says emails are a must to proactively communicate, while Brian David Crane, founder of Caller Smart, recommends making it easy for customers to leave feedback and voice their opinions.

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Small Business Trends
7/30/2021

Founders can manage their startup's risk by keeping the initial idea simple to limit failure points, constantly testing ideas and understanding when a solution won't work, advises Abdo Riani, founder and CEO of VisionX Partners. "Fortunes aren't made by carefully thinking and analyzing for decades and then making one big bet," Riani says.

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VisionX Partners, Riani
7/30/2021

Construction-technology startup Social Construct will wind down operations this year, and employees' last day will be Sunday. Co-founders Ben Huh and Michael Yarne cite the pandemic as the reason for the closure, noting that investors became skittish last year over falling rent prices and people potentially fleeing cities.

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The Real Deal
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Ben Huh