How to Get a Business Loan with Bad Credit in 2023 | Small Biz Trends

July 14, 2023July 13, 2023 ~ knjohn ~ Leave a comment

Your personal credit score is one of the most important factors lenders look at when deciding whether to give you a business loan. A low credit score can make it difficult to get approved for a loan and can lead to high-interest rates and other penalties. In this article, we’ll discuss how to get a business loan with bad credit in 2023. Let’s get started!

What Do Lenders Consider Bad Credit?

A bad credit score is typically considered a credit score that is below 580. A bad credit score can make it difficult to get approved for a loan and can lead to high-interest rates and other penalties.

Bad credit is often the result of missed payments, bankruptcy, or maxing out credit cards. When evaluating a borrower’s creditworthiness, lenders consider several factors associated with bad credit.

Here are some key aspects that lenders take into account:

What Are Order Fulfillment Services? | Business

July 13, 2023 ~ knjohn ~ Leave a comment

Outsourcing your order fulfillment can free up time, energy and resources for you to focus on growing your business.

Order fulfillment services can eliminate many headaches for businesses that must ship multiple products to fulfill customer orders. We’ll explore how outsourcing your order fulfillment needs can lower shipping costs, eliminate fixed costs, save time and resources, and much more.

12 Steps to Take Before Opening a Business | Business

July 13, 2023 ~ knjohn ~ Leave a comment

While no two businesses are exactly the same, there are common steps entrepreneurs and potential business owners must take before opening the doors of a new company.

When it comes to launching a new business venture, the intrepid American spirit hasn’t suffered in the wake of the COVID-19 pandemic. According to the U.S. Census Bureau, a record 5.4 million new business applications were filed in 2021. It may be the right time for you, too, to embark on starting a new company. Before doing this, however, there are essential steps entrepreneurs need to take.

Roku Indoor Camera 360 SE vs. Blink Mini Pan-Tilt Camera | Digital Trends

July 13, 2023July 11, 2023 ~ knjohn ~ Leave a comment

As far as affordable indoor cameras go, it’s hard to beat the Roku Indoor Camera 360 SE and Blink Mini Pan-Tilt Camera. Both cameras cost less than $60 (and are often on sale for much less), can swivel to provide a 360-degree perspective of your home, and offer tons of additional functionality when opting for a premium monthly subscription.

If you’re trying to decide between the Roku Indoor Camera 360 SE and Blink Mini Pan-Tilt Camera, here’s a comparison of the two popular products to help you figure out which is best for your smart home.

Why Getting a Risk Assessment Right First Time Will Help Your Business | The Startup Magazine

July 12, 2023July 11, 2023 ~ knjohn ~ Leave a comment

In today’s dynamic business environment, understanding and managing risks is essential for the success and sustainability of any organization. One crucial aspect of risk management is conducting a comprehensive risk assessment.

By getting the risk assessment right the first time, businesses can unlock numerous benefits and ensure a proactive approach to risk mitigation. In this article, we will explore why getting a risk assessment right from the start is crucial for the growth and resilience of your business.

Understanding Risk Assessment

Risk assessment is a systematic process of identifying, analyzing, and evaluating potential risks that may impact your business. It involves assessing the likelihood and potential impact of these risks, enabling organizations to make informed decisions and implement appropriate risk management strategies. A thorough risk assessment requires careful data collection, analysis, and consideration of both internal and external factors.

Tips for Entrepreneurs to Minimize Expenditure | The Startup Magazine

July 12, 2023July 11, 2023 ~ knjohn ~ Leave a comment

Entrepreneurs who have a great business idea and have started a company need to keep a keen watch over where they spend their money. This includes variable costs (e.g., sales commission, raw materials, and packaging) and fixed costs (property rental, company car instalments, etc.). Some of these decisions are easy to make while others require you to do your research and make comparisons. For example, the decision to rent or purchase a business property is usually an obvious one for a start-up.

Initially, you need to have the cash flow to keep the company up and running and start making profits before looking at big investments like commercial property.

The early years of a business often require trade-offs between something that would really help you and not being able to take on more fixed costs. Cash flow should not be put at risk as the young business is still in a very vulnerable area of its growth and an unexpected expense could land you in hot water. Here are some startup cost cutting tips to help you to minimize your business expenditure.

How to identify, interview and hire a head of growth for an early-stage startup | TechCrunch

July 10, 2023July 8, 2023 ~ knjohn ~ Leave a comment

The waters are never calm when scaling a startup. In fact, they are typically quite choppy. However, by making the correct hire in the head of growth position, you can navigate to shore much more smoothly.

The individual you’re looking for will create and execute growth strategies, manage marketing initiatives and, ultimately, drive revenue. My more informal take on this role is that it’s someone who deeply understands growth fundamentals, has significant expertise in one to two growth pillars and knows how to build an effective team.

I’ll walk you through when and how to hire your head of growth, their archetypes, how this role stands apart from other marketing executive positions, and what to expect from this hire during their first few quarters.

MIT develops a motion and task planning system for home robots | TechCrunch

July 10, 2023July 8, 2023 ~ knjohn ~ Leave a comment

Why aren’t there more robots in homes? This a surprising complex question — and our homes are surprisingly complex places. A big part of the reason autonomous systems are thriving on warehouse and factory floors first is the relative ease of navigating a structured environment. Sure, most systems still require a space be mapped prior to getting to work, but once that’s in place there tends to be little in the way of variation.

Homes, on the other hand, are kind of a nightmare. Not only do they vary dramatically from unit to unit, they’re full of unfriendly obstacles and tend to be fairly dynamic, as furniture is moved around or things are left on the floor. Vacuums are the most prevalent robots in the home, and they’re still being refined after decades on the market.

3 Things to Look for to Determine If AI Is Being Used Ethically | Entrepreneur

July 7, 2023July 6, 2023 ~ knjohn ~ Leave a comment

AI has been a topic of great interest — we’re all amazed by its potential and the impact it may have on our lives, mostly because AI is the first tool in history that can make decisions by itself. Take ChatGPT as an example. It embodies more knowledge than any human has ever known. This tool can be a force for enormous good. Imagine what AI can do in healthcare and its enormous databases of genes, medicines and disease symptoms, and drug interactions, for example? It can literally save lives. But that’s also a huge responsibility we’re putting on a technology that we haven’t even begun to fully understand.

As investors, entrepreneurs, and users, we directly impact where the technology will go, and we are setting the stage for where it will end up.

Shake Shack Founder Blasts Tipping for To-Go Orders | Entrepreneur

July 7, 2023July 6, 2023 ~ knjohn ~ Leave a comment

Famed restauranteur and Shack Shack founder Danny Meyer believes customers shouldn’t have to tip for to-go orders.

“If you’re just taking out food, and it was just a transaction — I give you money, you give me a cup of coffee — I don’t think there’s any obligation to tip whatsoever,”

Meyer said in an interview on CNBC’s “Squawk Box.” Meyer was responding to a question about the proliferation of point-of-sale devices from companies such as Square and Toast, which allow customers to tip staff anywhere from 15% to 25%. In many instances, the devices have replaced the omnipresent tip jar.

But these public displays of satisfaction have caused many people to feel social pressure to tip — even if they don’t want to.