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

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 Most of them, in my experience, are either too long or they are outdated.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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Minimum Wages Increase in 25 States in 2021 | Small Business Trends

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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Is 65 Still a Good Retirement Age? | The Simple Dollar

For almost a century, 65 has been seen as the age at which people retire in America. This is largely due to the original Social Security Act of 1935, which set the minimum age for full retirement benefits at 65, and since then, 65 has seemed like the magic number for retirement.

Does that age still make sense, though? In 1935, the average life expectancy for an American male was 59.9 years; women, 63.9 years. Today, the average American’s life expectancy is 78.7 years. Yes, today, the average American lives 15 to 20 years longer than when the retirement age was originally set in 1935.

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

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

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

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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3 Ways to Handle an Upset Customer That Actually Make Them More Loyal to Your Brand | Entrepreneur

Being in business and handling all that comes with it to ensure your product’s services are doing what you promise to your customers, you will sometimes encounter unsatisfied customers. How do you currently handle them? How have you set up training or modified it now with the remote ways business is being handled during the pandemic and your adjustments for moving forward? Having an upset customer is not always a bad situation to find yourself in. They may have identified a gap in your process or service that they are looking to provide insight to by voicing their disappointment. When they choose to be vocal about it is a great way to show them the true pedigree of your company and how you handle all circumstances with your customers. An upset customer who has taken the time to speak, call or email you about a problem is looking for an immediate resolution or to see a process change implemented to benefit not only themselves but others in the future as well. One of the best things you can do is listen to them, show empathy and really hear what caused the issue. There are three steps you can take to show empathy in your actions, and then execute on them, although I am sometimes amazed at the level in which some firms show a blantant disregard for the care of their customers when they have issues.

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What Does It Mean To Be An Entrepreneur? | Getentrepreneurial.com

What does it mean to be an entrepreneur? It’s more than being a business owner; it’s a perspective and a lifestyle.

Entrepreneur. Chart with keywords and icons

The road to entrepreneurship is often a treacherous one filled with unexpected detours, roadblocks and dead ends. There are lots of sleepless nights, plans that don’t work out, funding that doesn’t come through and customers that never materialize. It can be so challenging to launch a business that it may make you wonder why anyone willingly sets out on such a path.

Despite all of these hardships, every year, thousands of entrepreneurs embark on this journey determined to bring their vision to fruition and fill a need they see in society. They open brick-and-mortar businesses, launch tech startups or bring a new product or service into the marketplace.

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L’Oréal’s Water Saver | CoolBusinessIdeas.com

Besides laundry-washing and lawn-sprinkling, the daily washing of hair uses up a lot of water. L’Oréal’s new Water Saver system is designed to help, by reportedly reducing the amount of water used in hair-washing by up to 80 percent.

Intended for use both in salons and users’ homes, L’Oréal Water Saver incorporates “Jet-Fusion” technology developed by Swiss company Gjosa.

In a nutshell, this involves angling two contained water streams diagonally downward toward one another, so that the droplets from the two streams collide at a central meeting point. As a result, the colliding droplets are blasted apart into much smaller droplets – about one tenth the original size – which proceed out of the system’s nozzle at a high velocity.

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ColdSnap makes single-serving fresh ice cream from unrefrigerated pods | New Atlas

Along with single servings of coffee, we’ve also seen Keurig-like pods used to dispense cocktails, wine, fresh tortillas and even full meals. ColdSnap forges into different territory, by serving up fresh ice cream and other frosty treats.

Created by entrepreneur Matt Fonte (with input from his daughters Sierra and Fiona), the ColdSnap system consists of a countertop rapid-freezing machine, along with an assortment of pods.

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