Author: knjohn

SBA Waives Disaster Loan Interest and Payments for First Year | Small Business Trend

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The U.S. Small Business Administration recently announced it will be waiving the interest rate for the first year on new disaster loans by extending the initial payment deferment period automatically to 12 months.

SBA Waives Disaster Loan Interest and Payments for First Year

This means new disaster loan borrowers will now have up to one year from the date of the note to begin making payments, instead of the usual five months.

Interest on such loans will not begin to accrue until 12 months from the date of the initial loan disbursement.

This is great news for borrowers as they will no longer need to pay interest accrued on all disbursed loan funds during this new initial payment deferment period.

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Selling Your Business? Tackle These 6 Tasks for a Smooth, Profitable Sale |All Business

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Entrepreneurs spend untold amounts of blood, sweat, and tears to build profitable businesses. Many, though, will eventually reach a point when they’re ready to cash out and move on. When that day comes, the last thing a business owner needs is to run into an issue that kills the deal and causes the potential buyer to walk away.

Over the course of my 40-year legal career, I’ve helped more than 1,000 buyers and sellers buy and sell small businesses mostly ranging in size from less than $1 million to $10 million. I know what can kill a deal and what buyers want to see.

Here are the top six tasks every business owner should tackle now to prevent a future sale from going off the rails.

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What is power over Ethernet? | Digital Trends

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Power over Ethernet (PoE) technology allows a twisted-pair Ethernet cable to provide power to electric devices, in addition to data. This is most commonly found in Internet of Things (IoT) devices, like IP security cameras, and greatly simplifies the wiring of any such setup, as it means only one cable is necessary for almost everything. When such devices can be placed in hard-to-reach locations, where running any cabling is cumbersome, it is really handy, not to mention cheaper.

That’s not everything that makes PoE so useful, though. Here’s everything you need to know about Power over Ethernet.

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5 Tips for Responsible Borrowing in Your Business | The Startup Magazine

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There comes a time in every business journey when financing is the best option for growth and stability. Some business owners require financing to get started while others revisit this option regularly throughout their entrepreneurial journey.

The key to finding success in credit and financing is to be a responsible borrower. Here are five tips for responsible borrowing in your business.

1. Research Your Loan Options

There are infinite financing options to choose from for every business type, loan size, and credit score. There are short-term, quick turnaround options like commercial vehicle title loans and long-term, meticulous approval options like business lines of credit.

Approach the process with an open mind; you likely have more options than you think. Shop around between lenders and compare the terms and interest rates. Even if you’re in a rush to secure money to cover expenses, there’s always time to think logically; your business longevity depends on it.

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Sunny Balwani: Former Theranos executive gets nearly 13 years in prison | BBC News

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Ramesh “Sunny” Balwani, the business partner of disgraced Theranos founder Elizabeth Holmes, has been sentenced to nearly 13 years in prison.

Balwani was convicted in July of 12 counts of wire fraud and conspiracy to commit wire fraud for his role in the failed blood-testing start-up.

Theranos executives falsely claimed the product could diagnose illnesses with a few drops of blood from a finger prick.

Holmes was sentenced to over 11 years (135 months) in prison last month.

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The First 8 People Your Startup Should Hire | businessnewsdaily.com

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To help you find the right people, here are some of the most commonly suggested first hires for your business.

  • Hiring from the top is smart, then expanding your team when your resources allow.
  • Strengthening your business’s internal and external relationships should be a major focus when you’re hiring for startup roles.
  • Keep your company culture in mind when filling startup positions.
  • This article is for new business owners who are looking to expand their team.

You created a product or service, you started your business, and you finally began making a little money – now it’s time to hire employees. However, figuring out who those people should be is easier said than done.

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Employees lie about mental health days due to shame | Fast Company

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Employees may need mental health days, but that doesn’t mean they want their employers to know that.

Mental health app Wysa surveyed 1,000 American employees about their mental health at work post-COVID-19 shutdowns. While the majority of respondents admitted to struggling with mental health symptoms, most preferred to tell their employers they were physically sick or work through the pain rather than admit they needed a day off for mental health. The study’s key findings included:

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6 Practical Ways to Boost Your Mental Fitness | Lifehack

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Today we are bombarded with information from morning till night. There is so much noise from television, social media, radio and even the Internet that we often overlook quieter activities that have a tremendous impact on our mental fitness — our brain.

Fortunately, the human brain is one of the most adaptable and responsive organs in the body. It’ll soak up new challenges like a sponge and continue developing throughout your life. But in order to do that, it needs some special attention.

There are lots of things you can do to keep your brain active – everything from reading books to playing games will work wonders for your memory, problem-solving skills, concentration abilities and much more.

Read on to find out about some different ways you can exercise your brain.

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FDA approved a 1st-of-its-kind treatment made from human poop. What does it do? | Live Science

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For the first time, the Food and Drug Administration (FDA) has approved a treatment that’s made using donated human poop, the agency announced(opens in new tab) Wednesday (Nov. 30). The treatment, called Rebyota, contains gut bacteria collected from the stool of healthy human donors and is approved for the prevention of a potentially life-threatening bacterial infection.

By administering the liquid treatment into a patient’s rectum through a tube, doctors can help restore balance to the patient’s gut microbiome, the community of microbes living in the lower digestive tract.

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