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Small Business Owners Are Retiring, And Millennials May Not Fill The Gap On America's Main Street

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From  Forbes A local hardware store in Worcester, Massachusetts recently announced that it was going out of business. This wouldn’t be big news, except Elwood Adams Hardware has been around since the Articles of Confederation. Dating back to 1782, it is (or was) one of the oldest hardware stores in the United States—continually open for 235 years under various owners.  The store’s employees, most of whom have worked there for decades, gave multiple reasons for the business’s closing. First, the pressure of Internet competition; second, and related to the first, a lack of loyalty from younger customers; and finally, the owner was ready to retire, and couldn’t find anyone to whom he could sell the business. According to the U.S. Small Business Administration, small businesses account for 48% of national employment in the United States. In number, they represent 99.7% of all businesses in the country. Small business owners, some with staffs of 500 employees, others toiling alone i

Why you're not making friends at work

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From the Harvard Business Review : Connecting with others is at the heart of human nature. Recent research emphasizes that the power of connections can help us be creative, resilient, even live longer. But we can easily overlook the importance of these bonds. As popular writer and researcher Adam Grant has noted, the pressure of tight deadlines and the pace of technology mean that fewer Americans are finding friendship in the workplace. In fact, many of us are further disconnecting from the people we work with: we’re more stressed out than ever, and half of us regularly experience incivility in our jobs. How can we create possibilities for connection in what is sometimes a hostile atmosphere? We believe there needs to be more compassion. We define compassion as a 4-part experience of noticing someone’s distress or pain, interpreting it as relevant and important, feeling concern for that person or group, and acting to alleviate their pain. Acts of compassion can span from grand

Small Business Work Environment

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From RocketLawyer Hiring employees who fit in with the environment of your work place is a key element to your success. A bad or even hostile working environment can lead to high turnover, which is a costly and hurtful situation that you can avoid by paying careful attention to the personalities and work ethics of people you interview for a job. Hire Employees Who Fit Your Work Environment Start by examining your own attitude at work. Are you critical? Supportive? Willing to invest time and energy into helping your employees grow and take the lead in solving problems? Employers can set the tone for the environment workers encounter-either positive or negative.

Buy online, pick up in-store (BOPUS) remains a challenge

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From eMarketing : More than half of retailers in North America offer buy online, pick up in-store (BOPUS) service. But BOPUS is widely seen as a significant challenge, according to a new survey of retailers. According to an August 2017 survey by JDA, a supply chain software company, roughly three-quarters of US store managers said they have faced difficulties in implementing BOPUS. The ability to accurately track inventory is a major concern, it found. Perhaps not surprisingly, then, only about one-third of the US retailers surveyed said that they offer discounts for consumers who buy online and pick up in-store. The benefits of BOPUS for retailers are well-known. In-store pickup means that customers are, by definition, in the store and more likely to make additional purchases.

Brands Need to See the Affluent as They See Themselves

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From Yougov.com : Driving brand loyalty among the affluent has never been more challenging. New brands, new options, and new products are competing for the devotion of your customers. What’s more, the majority of the global elite don’t feel personally connected to many brands, even though they say that a personal relationship factors into their loyalty. A new study from YouGov on affluent shoppers worldwide reveals that most just want brands to show them their loyalty is appreciated. Indeed, 72% said they felt that way.

How to Pick the Right Location for Your Exhibit Booth

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From MarketingProfs : For more than 50% of CMOs and marketing directors, space and location on the exhibit floor are most important in maximizing ROI. And that makes perfect sense. With an accessible location and a major source of foot traffic nearby, a booth is likely to attract a lot of attendees. The higher the number of visitors, the greater opportunities for a business to raise awareness, get leads, and build relationships. The location selection process, however, can be complicated, with various factors at play—from budget, to space requirements, to traffic flow and more. So here, in this handy guide, are all the important factors you need to take into consideration. Quick Tip: Reserve Your Spot Early

A Robot Makes a Mean Caesar Salad, but Will It Cost Jobs?

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From the New York Times : Salad bars are magnets for bacteria and viruses. Even if the sprouts and ranch dressing aren’t tainted, the serving utensils may be. The Silicon Valley start-up Chowbotics has devised what it says is a partial solution. Its device, which it calls Sally the Salad Robot, is aimed at reducing the risk of food-borne illness by assembling salads out of pre-cut vegetables stored in refrigerated canisters. Diners use a touch screen to place their orders, choosing from a menu of recipes or designing their own salads. The machine calculates the number of calories per salad and drops the veggies into a bowl in less than a minute. There is less human contact with the food. But as a growing number of food- and drink-slinging robots have begun interacting with diners in the San Francisco Bay Area, Deepak Sekar, the device’s inventor and the founder and chief executive of Chowbotics, has faced questions about whether his machine will put people out of work. He deni

Seven business continuity strategy planning mistakes

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From Search Disaster Recovery : Developing a business continuity strategy is a time-consuming and labor-intensive process. Organizations must gather and validate massive amounts of data and develop and validate procedures to keep data available and protected at all times. Employees must be trained on the business continuity plan, as well as their roles and responsibilities when a disruptive incident occurs. Senior management must be aware of the plan and be involved with its development. Given the comprehensive nature of business continuity planning, mistakes can happen. Explore some of the most common errors to avoid before a disaster hits.

25 Best Apps for Small-Business Owners in 2017

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From NerdWallet : Problem solver. Communicator. Financial whiz. Running a small business involves wearing a lot of hats. If you’re looking to increase productivity and organization — or just make your life as an entrepreneur a little easier — a good app might be just what you need. To help you navigate the seemingly endless sea of business apps, we’ve compiled a list of our favorites. These 25 can help you stay organized and in charge, no matter which hat you’re wearing. They are arranged in these categories: Finance and accounting Communication Time management Payment Organization In a league of their own

Your Own Employees Can Boost Your Marketing Content

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From MarketingProfs : Imagine you just invested a lot of time and resources in your next content masterpiece. You did third-party research, interviewed industry experts, carefully crafted the copy with your target persona in mind, and pulled out all the stops to design a visually compelling piece. You then released it into the wild through all your Web and social channels and sat back, waiting for it to become the next viral sensation. But then the unthinkable happened: No one shared it (gasp!). What happened? Even the greatest content sometimes needs an early boost to gain traction in social media. Paid promotion and influencer marketing can certainly help, but those can be costly. Fortunately, virtually every organization has a captive audience that's willing—and even happy—to share content with their networks for free... Look to your left, look to your right, look at Bob in accounting: I'm talking about your fellow employees (bet you didn't know Bob has 3,000

Industries Most Affected by Cybercrime

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From IBISWorld : The disruption caused by the rise of the internet and popularity of web-enabled devices is indisputable; industries have been completely flipped upside down as new, online businesses offer consumers products and services that were once unimaginable. As life is moving to the cloud, however, so are the criminals. The US Justice Department estimates that more than 4,000 ransomware attacks have occurred each day since the beginning of 2016, meaning hackers engineer software programs that prevent employees from accessing their computer systems until a ransom total is paid. In 2016, about 72.0% of large companies and 20.0% of small to midsize companies were targets of cyberattacks, according to CNBC and Microsoft, respectively, boosting demand for products and services protecting against cyberattacks. IBISWorld expects the US Security Software Publishing industry to grow 2.6% in 2017, to $12.0 billion. However, while companies are increasingly investing in defending a

Be Honest: Are You the Office Bully?

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From Entrepreneur magazine : Last year [Ross McCammon] was a guest on an NPR call-in talk show to discuss workplace etiquette. Most calls were about shaking hands, conducting meetings, asking for a raise... It was light and funny until one caller asked for advice about being shunned by her co-workers. They would gather near her desk, talking about work she was involved in without asking her to weigh in. They never invited her to lunch or after-work drinks. When she brought up her feelings, her colleagues dismissed and mocked her. She felt unimportant and ostracized. And she sounded deeply distressed. I felt ill-equipped to answer the question. I stammered out a reply. I made a joke. (She didn't laugh.) The show's host suggested that she record these instances and, if they continued, alert a supervisor. The host labeled the behavior as “bullying.” Which at first struck me as infantilizing. I hadn't felt bullied since middle school. And I certainly had never felt bu

Improving the Public Perception of Manufacturing

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From Rodon Group : Friday, October 6th is National Manufacturing Day. According to the MFG Day website, "MFG DAY addresses common misperceptions about manufacturing by giving manufacturers an opportunity to open their doors and show, in a coordinated effort, what manufacturing is — and what it isn’t. By working together during and after MFG DAY, manufacturers will begin to address the skilled labor shortage they face, connect with future generations, take charge of the public image of manufacturing, and ensure the ongoing prosperity of the whole industry. Supported by a group of industry sponsors and co-producers, MFG DAY is designed to amplify the voice of individual manufacturers and coordinate a collective chorus of manufacturers with common concerns and challenges." Census Bureau data

Small business can compete with Amazon

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From BizWomen : Small businesses and startups can survive the so-called Amazon effect by being creative and innovative, said U.S. Small Business Administrator Linda McMahon. McMahon was in Denver Sept. 28 for the sixth annual Denver Startup Week, a week of free panel discussions, workshops and networking events for entrepreneurs in all stages. Metro Denver has recently attracted the eye of Amazon.com The e-commerce giant opened a 1 million-square-foot fulfillment center in suburb Aurora this month and has broken ground on a 2.4 million-square-foot fulfillment center in nearby Thornton, expected to open in August 2018. Now, the Seattle-based company is on the hunt for a city in which to build its second headquarters, expected to be a $5 billion project and employ as many as 50,000 people. Colorado and metro Denver leaders plan to bid on the facility. But it’s in no way doomsday for small businesses, McMahon said. “There is no way for a small business to compete against an Amaz

Hurricane response jobs at the SBA

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From the Small Business Administration : The Small Business Administration is hiring temporary employees to assist with disaster relief efforts this hurricane season from September 1st to December 31st, 2017. Bilingual language skills a plus. Jobs include: Damage Verifiers (Nationwide) Lawyers, Paralegals and Legal Assistants (Sacramento, CA, Dallas, TX, or Buffalo, NY) Loan Specialists (Sacramento, CA, Dallas, TX, or Buffalo, NY) Program Support Assistant and Call Center Specialist (Sacramento, CA, Atlanta, GA, or Buffalo, NY) Customer Service Representatives and Public Information Officers (Nationwide) Customer Service Representatives (Atlanta, GA, Buffalo, NY, Sacramento, CA) Customer Service Representatives, Bilingual (Orlando, FL) Information Technology Specialists - Customer support (Nationwide) Construction Analysts -Loss Verifiers (Nationwide) Administrative Support Assistants (Herndon, VA)

Exhausted Employees Costing Companies Millions

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From ThomasNet : Recently unveiled during the National Safety Council’s Congress and Expo this week, are findings showing how a lack of proper rest is hurting the competitive efforts of U.S. companies. The research was conducted by the National Safety Council and Brigham Health Sleep Matters Initiative. The report’s findings show that a company with 1,000 workers stands to lose $1.4 million annually due to absenteeism, diminished productivity, and healthcare costs stemming from tired employees. A key point of the survey is the growing number of these individuals with undiagnosed and untreated sleep disorders. These conditions contribute significantly to the $80 million in fatigue-related costs that can accrue on an annual basis for the average Fortune 500 company. Additional data can be obtained by utilizing an online resource correlating with the research, entitled the Fatigue Cost Calculator for Employees .

Should you have to give up privacy to recycle a printer cartridge?

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From the Boston Globe : Kathie Florsheim is a committed environmentalist with a hybrid car and a set of rain-collection barrels outside her East Providence home. So when the ink in her Canon printer recently ran out, she immediately thought to recycle it, just like she does her light bulbs, batteries, and kitchen waste — which she feeds to the red wiggler worms who fertilize her vegetable garden. But what Florsheim learned on Canon’s website stopped her in her tracks. To send her clunky, foot-long cartridge back to Canon for recycling, she would have to submit her name, home address, telephone number, and e-mail address. [What are ] the issues around companies that collect personal data?

NAICS 2017 Revision for Table of Small Business Size Standards

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The U.S. Small Business Administration issued a final rule adopting the U.S. Office of Management and Budget’s (OMB) North American Industry Classification System (NAICS) revision for 2017 (NAICS 2017) for its table of small business size standards.  The final rule is published in the Federal Register at  https://www.gpo.gov/fdsys/pkg/FR-2017-09-27/pdf/2017-20705.pdf NAICS 2017 created 21 new industries by reclassifying, combining, or splitting 29 existing industries under  NAICS in 2012 (NAICS 2012).  On April 18, 2017, SBA issued a proposed rule seeking comments on its proposed size standards for the 21 new industries.  The agency received three comments which were outside of the scope of the proposed rule.  Accordingly, SBA is adopting, without any change, the proposed size standards for the new industries. The change results in an increase to size standards for six NAICS 2012 industries: (one in Sector 21, Mining, Quarrying, and Oil and Gas Extraction; three in Sector 31-33, Manuf

New Materials: Restaurants & Coffee

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The National Restaurant Operations Report 2016 This is another item we get annually for our reference collection. If you are not familiar, it looks at the restaurant industry and provides details like: average check for full-service restaurants average check for limited service restaurants cost per dollar of sales ratio to total sales amount per seat and ratio to total sales annual employee turnover amount per square foot The National Coffee Drinking Trends Report 2017 daily, weekly, yearly consumption by age consumption by type of coffee consumption by region where and when coffee is consumed drinking coffee at home vs in restaurants consumer attitudes year to year trends The IHRSA Profiles of Success  The Annual Industry Data Survey of the Health and Fitness Industry This report provides an industry overview for fitness and health club including club operating benchmarks. membership and attendance leading club data & market share h

Voluntary dissolution of a New York corporation

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From the New York State Department of Taxation and Finance : A New York State business corporation may voluntarily dissolve. By doing so, the corporation ends its obligation to pay future taxes and fees to New York State. The dissolution process involves both the Tax Department and the  New York Department of State . The procedures for  Voluntary dissolution of New York State not-for-profit corporations  are different. Background New York business corporations must pay franchise and other taxes to New York State. The corporation pays the taxes in exchange for the privilege of exercising its corporate franchise, doing business, employing capital, owning or leasing property, or maintaining an office in the state. When a New York business corporation decides it will no longer conduct business in New York, it will want to be sure that it ends its obligation to pay state taxes and fees. The process of voluntary dissolution: brings the existence of the corporation to an end; and ends