Industry News
Small Business
Top stories summarized by our editors
10/1/2020

Florida's Tampa International Airport and Bradley International Airport in Connecticut are launching onsite COVID-19 testing programs for passengers. While both airports are offering tests to all travelers, Bradley's program is specifically aimed at helping inbound passengers shorten or avoid Connecticut's quarantine requirements.

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Tampa International Airport
10/1/2020

The Main Street Phoenix Project is converting the traditional private equity concept into an engine for employee ownership of small restaurants struggling amid the coronavirus pandemic. Partner Jason Wiener says the firm will replicate the model of restaurant holding companies that "hire their workers back, put them into ownership position, and lock in all of that improved cash flow and all that gain in value for the benefit of workers."

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Fast Company online
10/1/2020

The steps required to close a business change depending on its legal structure. Accountants offer guidelines for selling assets, liquidating stocks and paying taxes for entities including C-corporations, S-corporations and partnerships.

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CNBC
10/1/2020

The record-breaking surge in US initial public offerings is set to continue, predicts New York Stock Exchange President Stacey Cunningham. "September has been the busiest month of the New York Stock Exchange for IPOs in our history, and October is on track to look exactly the same," Cunningham said in an interview.

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Stacey Cunningham
10/1/2020

Founders can contribute to a more inclusive society by considering how their businesses promote diversity and inclusion, writes Heidi Zak, co-founder and co-CEO of ThirdLove. She recommends holding trainings each year for employees to continue their education in this area, among other tactics.

10/1/2020

Deficient trust can be harmful to teams and organizations but is also a problem that can be diagnosed and remedied, writes Barbara Brooks Kimmel, founder of Trust Across America-Trust Around the World. "Leaders who embraced the growing business case for trust as a strategic advantage didn't wait for a crisis to address it," she writes.

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SmartBrief/Leadership
10/1/2020

Evaluate potential business partners' financial integrity, industry experience and business acumen before making a formal agreement. It's also important to delineate daily responsibilities, plans to solve disputes, capital contributions, and silent versus active partners.

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CNBC
10/1/2020

Small and midsize businesses' overall IT budget has fallen from 2019, according to a survey by security provider Kaspersky, which offers tips for more cybersecurity with fewer dollars. Outsourcing, training, online tools and risk-based approaches "are small steps that can make a difference," Kaspersky's Alexander Moiseev says.

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TechRepublic
10/1/2020

Women who start financial-technology firms have raised 50% less funding on averaged compared with startups founded by men over the past five years, per a Deloitte report that evaluated 3,000 worldwide. Over that period, funding raised by startups founded or co-founded by women grew at an annual compound rate of 59% versus 29% for businesses started by men.

10/1/2020

CEOs of eight startups discuss the positions they filled after raising money and the strategic decisions behind the hire. "If you have accomplished more than you ever thought you could at your earliest stages, don't rest on this or get too comfortable," says Ontic Technologies CEO Lukas Quanstrom.

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