A new Department of Labor rule that could expand the availability of association health plans will benefit small businesses, write Alfredo Ortiz and Tom Price of the Job Creators Network. The rule is good news for sole proprietors, and it is likely to increase the number of small businesses that offer coverage, they write.
Several startups are working to assist people who may have trouble moving or performing other tasks as a result of age, injury or other reasons. These assistive technology startups attracted $276.5 million in venture capital funding last year.
A startup called Creator is applying robotic technology to the process of making a cheeseburger. The company will officially launch its first robot restaurant in September.
A new ruling by the Supreme Court means businesses operating online can be forced to pay sales taxes in states where they don't even have a physical presence, writes columnist Laurence Kotlikoff. The cost of managing the additional account and tax returns must be born by the entrepreneur, and returns must be filed even if there is no revenue generated.
The media tends to make the entrepreneurial process seem glamorous, but the truth is that founders need plenty of grit to succeed, says Josh Kopelman of First Round. While it's "never been easier to start a company," significant obstacles to success remain.
Making progress is all about putting in the work every day and overcoming the friction that threatens to stop you in your tracks. Rather than setting goals that may be unrealistic, focus on developing healthy long-term habits, writes Aytekin Tank.
Plans to open a Boston restaurant called Watson and Bell never came to fruition, but the idea led to the nonprofit organization Venture Cafe, which brings together the city's entrepreneurs once a week. "The business model is simple: alcohol and good programming," said Sierra Flanigan, a sustainability consultant.
Staying in the same role without learning is a career death sentence, even if it feels easier than taking a risk and learning new things, writes LaRae Quy. "It's essential that you realize your comfort zone is a tremendous enemy of peak performance," she writes.
During performance reviews, managers must be careful not to weigh the most obvious information too heavily and should go beyond quantitative data to look at soft skills and other employees' perspectives of someone's work. Other biases to be wary of include the tendency to weigh recent events more heavily than previous behavior, which can taint managers' views of their employees' performances.
Most companies currently have or are developing customer data platforms, which can help provide information from a wide range of sources to sales and marketing teams. Too often, however, the data are being held in separate systems and are not readily available, according to Forbes.