Monthly Archives: January 2021

What Should You Look for in a Business Bank Account? | businessnewsdaily.com

Posted on January 29, 2021 by knjohn | Leave a comment

It may seem easier to use your personal bank account for your new business; however, having a business bank account is a better idea. Here’s why.

A business bank account is used for business transactions only, like accepting payments from clients and paying employees and vendors.
Some businesses aren’t required to open a business bank account, but doing so offers many advantages, including – but not limited to – personal liability protection, fewer headaches at tax time, and a more professional image.
Finding the right bank isn’t difficult if you know what to look for and which questions to ask.
This story is for small business owners who want to understand why they should open a business bank account and how to choose the right type of account and bank.

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Posted in Tools and Information

Tagged Business Bank Account, business transactions, personal bank account

Harriet Tubman to replace Andrew Jackson on the $20 bill | Fast Company

Posted on January 28, 2021 by knjohn | Leave a comment

Nearly five years after an initiative to put abolitionist Harriet Tubman on the face of the $20 bill was introduced, White House press secretary Jen Psaki informed reporters in a briefing Monday that the Biden administration is “exploring ways to speed up the process” that was stopped during President Trump’s tenure.

Replacing Andrew Jackson on the bill caused an explosion of tweets when it was announced in April 2016. The proposed redesign was made public in 2019 and was supposed to have been put into circulation last year on the 100th anniversary of the 19th Amendment, which gave women the right to vote. However, Trump’s Treasury secretary, Steven Mnuchin, halted the process because he believed that adding security features on the money was more important than changing the face on the bill, adding that the redesign wouldn’t be in circulation until 2028.

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Tagged 20 dollar bill, Andrew Jackson, Harriet Tubman

GameStop’s Massive Surge Creates A New Billionaire As Wall Street Bets Against Reddit Traders | Forbes

Posted on January 28, 2021 by knjohn | Leave a comment

Fueled by a massive short squeeze pinning Reddit traders against a storied Wall Street short-seller, a mindblowing rally in GameStop shares has minted a new billionaire in Ryan Cohen, an activist investor eager to forge a turnaround for the brick-and-mortar gameseller.

According to filings, Cohen—the founder and former CEO of Chewy, the booming e-commerce firm focused on pet supplies–spent about $76 million buying up more than 9 million GameStop shares at the tail-end of last year as he mounted an effort to restructure the Grapevine, Texas-based firm.

“Unfortunately, it is evident that GameStop currently lacks the mindset, resources and plan needed to become a dominant sector player,” Cohen said in a public letter to GameStop’s board of directors in November, blasting the stock’s dismal performance at the time—it was down 85% over the prior five years. “GameStop needs to evolve into a technology company that delights gamers and delivers exceptional digital experiences–not remain a video game retailer that overprioritizes its brick-and-mortar footprint and stumbles around the online ecosystem.”

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Posted in News and Views

Tagged billionaire, GameStop, Reddit, Ryan Cohen

Don’t Make These 6 Mistakes When Starting a Business | AllBusiness.com

Posted on January 27, 2021 by knjohn | Leave a comment

There are so many different articles on how to be successful when starting a business. Most of them, in my experience, are either too long or they are outdated. I am a millennial female entrepreneur—I don’t have the patience for lengthy documents and I think that most of what worked for a company that started 20 years ago is antiquated (sorry, but it’s true).

The biggest mistakes I made in starting my own company were not any of the things I could have read in one of those articles. In fact, they were random, big mistakes that have cost me a lot of time and money to correct.

So here it is, for all you nuevo go-getters out there, a short and not-so-sweet list of my six biggest mistakes when starting a business. Please don’t make them.

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Tagged entrepreneur, Mistakes When Starting a Business, starting a business

Minimum Wages Increase in 25 States in 2021 | Small Business Trends

Posted on January 27, 2021 by knjohn | Leave a comment

According to a study by Wolters Kluwer Legal & Regulatory 25 states will raise their minimum wage in 2021, with 21 of those states enacting the increases on New Year’s day.

By the beginning of the New Year, New York and Oregon, which both have regional minimum wage rates, will see the highest wages reaching $15.00 in New York City and $14.00 in the Portland Metro Area effective July 1, 2021.

At the end of the spectrum, the lowest minimum wage rates of $5.15 are in Georgia and Wyoming. However, most employers and employees are subject to the higher federal minimum wage rate of $7.25 per hour.

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Posted in News and Views

Tagged cost of living, Minimum Wages Increase, small businesses

How LA has become the model for keeping art alive during the pandemic | The Startup Magazine

Posted on January 26, 2021 by knjohn | Leave a comment

In the wake of the Covid-19 pandemic, we’ve had to adjust to a huge range of changes to our day-to-day lives, which has had an impact far beyond necessities like buying groceries or socialising. The culture industry has taken a particularly significant hit, with major theater chains and concert venues shuttering permanently in the virus’s wake as they struggle to afford both rent and wages for staff.

The same has been true for the art world, with one recent survey showing that around three quarters of galleries “face severe financial hardship or even closure within the next year”, though only 35% of those have the finances to stay open until this time next year. Even when they have been open, footfall has been down, and those with the means have resorted to taking their collections online to offer the gallery experience to art lovers across the globe.

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Tagged art during the pandemic, keeping art alive during the pandemic, LA, los angeles

Coronavirus: How the pandemic has changed the world economy | BBC News

Posted on January 25, 2021 by knjohn | Leave a comment

The coronavirus pandemic has reached almost every country in the world.

Its spread has left national economies and businesses counting the costs, as governments struggle with new lockdown measures to tackle the spread of the virus.

Despite the development of new vaccines, many are still wondering what recovery could look like.

Here is a selection of charts and maps to help you understand the economic impact of the virus so far.

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Tagged coronavirus pandemic, covid -19, world economy

How to Start Working Out at Home: Beginner’s Advice and Gear (2021) | WIRED

Posted on January 25, 2021 by knjohn | Leave a comment

I CONSIDER MYSELF an athlete, but I don’t engage in any particularly impressive physical feats. I am not “cut” or “swole.” My superpower is consistency. Barring the rare knee surgery or birthing the occasional child, I have worked out daily for more than 20 years. Physical activity is also how I avoid injuring myself while picking up my kids, and how I combat anxiety.

As the pandemic has worn on, it’s become more vital to find a way to move your body every day, especially if you’ve discovered that the sedentary days are starting to wreak havoc on your neck or lower back. For suggestions, I enlisted the help of Cassey Ho, the animating spirit behind the wildly popular Blogilates fitness platform, as well as Ben Musholt, physical therapist, parkour coach, and the author of The Mad Skills Encyclopedia.

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Posted in Tools and Information

Tagged fitness programs, Working Out at Home