Industry News
Small Business
Top stories summarized by our editors
8/13/2020

Fear can determine the direction of a startup if founders let it, but lessons from ancient Greeks can help entrepreneurs understand and overcome their fears, writes Consuelo Valverde, founder and managing partner of SV Latam Capital. "[L]ook for the unexpected and valuable opportunities that can propel you and your company forward instead," Valverde writes.

Full Story:
Fast Company online
8/13/2020

Jimmy Cornelison is the sixth-generation owner/operator at Bybee Pottery, which has a history stretching back to the early 1800s. The business continues to dig its own clay, and Cornelison notes that "it is handmade so you want to leave your touch on it."

Full Story:
WYMT-TV (Hazard, Ky.)
8/13/2020

As consumer interests change, it's important for small-business owners to adapt their marketing strategies for social media, writes Sophie Bowman, co-founder of Business Owner Society. She discusses the value of collaborating with influencers, using giveaways to get your brand in front of more people and focusing on increasing conversions.

Full Story:
Forbes
8/13/2020

Knowing what your business is worth plays a key role in not only selling a business, but also providing a road map to what you are building your business to become, writes columnist Andrew Martins. Explaining the details of four different calculation methods, Martins advises hiring a business valuation professional if you need the figures for anything but your own personal knowledge.

Full Story:
Business News Daily
8/13/2020

To make the right decision when taking a loan, small-business owners need to be able to compare interest rates, APR and the total dollar cost, writes columnist Ty Kiisel. He recommends breaking down the differences with real examples to demonstrate what each will cost.

More Summaries:
Ty Kiisel
8/12/2020

Hotel executives and their travel industry counterparts agree that the massive corporate share of their business lost to the pandemic won't be fully recouped, and a 15% permanent loss is considered optimistic by some. Corporate bookings are not part of the current modest recovery in travel, and analysts cite the embrace of remote meeting technology by major companies as a dire omen for the future.

8/12/2020

Airbnb plans to file for an initial public offering with the Securities and Exchange Commission this month in hopes of bringing the deal to market by year-end, sources say. The company recently received an $18 billion valuation.

8/12/2020

Facial recognition startup Clearview AI is relying on a First Amendment argument to defend its practices as lawsuits and investigations mount. Lawsuits claim that its software violates safety and privacy laws and that information is collected without consent.

Full Story:
Engadget
8/12/2020

Intelligence and grit aren't all that's needed to be successful, writes Jessica Stillman. Researchers have found that a strategic mindset -- which entails reflecting on problems, being aware of the thought process and actively seeking solutions -- is what sets apart people who meet their goals from those who fail.

Full Story:
Inc.
8/12/2020

Rita Patel will serve as the new chief marketing officer for Buffalo Wild Wings. Patel will be responsible for brand experience, advertising, digital innovation and menu development.