Month: June 2020

Gen Z hasn’t completely lost trust in their Elders. Hollywood is another story | Fast Company

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Say “OK boomer” to “OK boomer.”

Members of Gen Z trust their elders more than the police, the government, and even, yes, Hollywood.

A lot more than Hollywood, actually.

Morning Consult surveyed people ages 13-23 in April, May, and June and found that this demographic is losing faith in all major institutions in the United States. In June, 28% of Gen Z found older generations to be trustworthy versus, say, 13% in police and 10% in the U.S. government. Only 4% said the same of Hollywood.

Here’s a breakdown, based on how many of them said they trust various components of our society “a lot”:

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How To Improve Your Odds Of Getting Student Loan Forgiveness | Forbes

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Forgiveness programs for federal student loans always seem to be well-intentioned, but the way they’re rolled out can leave a lot to be desired. When you take a closer look at Public Service Loan Forgiveness (PSLF), for example, you’ll find a program with rules so complicated many applicants don’t really understand them.

This has led to a situation where hardly anyone who applies is approved, and where many people spend years thinking they’re working toward loan forgiveness only to find they had the wrong loans or the wrong job all along.

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5 Steps to Building a Great Management Team: A Guide for Startups | AllBusiness.com

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The key to any successful business is the person who runs it, and up until now, this person may have been exclusively you. But as your company grows, you may have found it more and more difficult to manage all aspects of the business yourself. You’ve also probably found that you’re better at some roles than others.

To move your company forward, you are going to need a team of managers with the right combination of skills. A winning management team can effectively plan for the future, as well as effectively deal with any challenges or opportunities that may come up. You want a team who understands and cares about your customers, and also knows how to make a profit. If you’re looking either to set up or develop a management team, then read on for some guidance.

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11 Things Every Good Employee Referral Program Needs | Small Business Trends

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An employee referral program is a win-win for you and your team. Referral candidates tend to be well-qualified, since they’re pre-vetted by staff members you know and trust, and hiring referrals shows you value your employees’ input.

Small Business Employee Referral Program

To help you build a great referral program, we asked the members of Young Entrepreneur Council the following question:

“What’s one key aspect of a successful employee referral program?” Here’s what YEC community members had to say:

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Backup Power Options for Small Businesses | business.com

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It’s important to develop a disaster plan for your business that accounts for the scenario of a power failure.

 

  • Power failures pose a serious financial risk to small businesses, interrupting your operations and income if you don’t have a backup plan.
  • Onsite power backup options include uninterrupted power supplies and generators.
  • Price and capabilities determine the best generator for your business. Portable, stationary, propane and natural gas versions are all available for commercial use.

Power failures are one of the most common risks to small businesses. You don’t need to live in the path of a hurricane or in an earthquake zone to be at risk of this particular disaster. Widespread power grid failures can occur almost anywhere. While manufacturers and retailers can experience substantial losses of perishable inventory, service-oriented businesses can be impacted by the loss of computer and phone service.

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Ad Tech vs. Marketing Tech | business.com

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Has your company invested in the right platforms to engage your customers?

  • Ad tech and marketing tech serve two different purposes. Ad tech helps you build your brand, while martech helps you connect with established prospects.
  • Examples of ad tech are Undertone, AdPushup and Tapad.
  • Marketing tech examples include SEO, Google Analytics, Salesforce and Buffer.

Articles, webinars and discussions on marketing can spur some confusion in reference to advertising technology and marketing technology (sometimes shortened to “martech”). Columns argue about which industry to invest in, which is superior to the other and where their futures lie.

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Nintendo Won’t Allow Real Money Transaction in New Horizons | Digital Trends

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Nintendo will start taking action against real-money transactions in Animal Crossing: New Horizons.

Nintendo said on Monday, June 15 that it will move to eliminate real-money transactions when players buy and sell villagers and other items in the game. In a statement to Japanese website J-Cast, Nintendo said that using real money to buy and sell virtual goods is a violation of its terms of service. The company didn’t divulge how it would handle incidents but said that it will evaluate each transaction on a “case by case basis.”

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5 Benefits of Having A Toll-Free Number for Your StartUp | The Startup Magazine

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Despite of the numerous advanced technologies, there are still some things that remain as a constant in the business industry. One of these, is your toll-free number. Regardless of your business size, as in this case, you’re still starting up, there are so many benefits that you can gain from having one.

First, it begins with improving your reputation and credibility, as it makes your business look more professional. Accordingly, it also increases the excellence factor of your customer service. These are only a few, and other advantages are discussed briefly as follows:

It Improves Your Customer Satisfaction

On the business’s operational side, one cannot deny that you’re going to encounter problems, one way or another, with your customers. At any given time of day, these clients will need to contact you to have their issues resolved.

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BP faces hit of up to $17.5bn as it forecasts lower oil prices | BBC News

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BP has forecast lower oil prices for decades to come as governments speed up plans to cut carbon emissions in the wake of the coronavirus pandemic.

It has cut price forecasts by about 30%, and expects Brent crude to average $55 a barrel from now until 2050.

As a result, the oil giant says it will revise down the value of its assets by between $13bn and $17.5bn (£13.8bn).

BP said it would have to become a “leaner, faster-moving and lower-cost organization”.

Last week, the firm announced plans to cut 10,000 jobs following a global slump in demand for oil.

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Americans May Be Ready to Spend–but Some Businesses Aren’t Ready to Sell | Inc.com

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The coronavirus pandemic has hit hard. More than 100,000 Americans have died. Businesses nationwide shuttered, and more than 44 million people have filed for unemployment insurance since mid-March. The stock market wobbles. However, as the economy reopens, and many Americans benefit from federal assistance, businesses across the country may be in line for a healthy dose of increased consumer spending.

“If jobs are coming back relatively quickly,” which the May jobs report indicates, spending should pick up, says Scott R. Baker, an associate professor of finance at Northwestern’s Kellogg School of Management. Baker recently co-authored a study for the National Bureau of Economic Research, which found that consumers had curtailed spending since March, while incomes remained largely untouched. Baker suspects that consumers largely pushed off purchases because of financial concerns or because the businesses they’d typically patronize weren’t open.

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