Millions of Americans are still struggling financially despite a healthy US economy, according to Federal Reserve data. The data show more than 20% of adults can't pay their monthly bills in full and 4 in 10 adults wouldn't be able to cover a $400 emergency expense without help.
Companies should prepare to automate personal data discovery work while complying with the EU's General Data Protection Regulation ahead of the effective date of May 25, writes Roland Bullivant. If manual investigation and documentation searches aren't sufficient for data discovery, companies should take steps to source external consultants or hire technical tool specialists to assist, Bullivant writes.
Personal credit card debt need not be a prohibitive barrier to aspiring entrepreneurs. Writing from experience, Daniel Wesley outlines tactics to get a handle on your personal finances, including getting tax advice and consolidating debt when doing so is appropriate.
After finding success with selling bagels in pop-up shops, entrepreneurs Amber and Zach Faulisi are opening a permanent space in Cary, N.C. "It went really well and that was a big influence, feeling confident that we could make a really delicious bagel," Zach Faulisi said of the pop-ups.
Social media outreach allows small-business owners to reach a wide audience, and David William outlines how to get it right. Consider creating product explainer videos, partnering with influencers and running contests, he writes.
Rapidly scaling a family business can be difficult, write Claire Miller and James Waddell. Take the time to review the fundamentals of the organization, be willing to invite non-family members in to help, and be clear on specifics surrounding any changes to be made.
Scooter-sharing startups such as Lime have generated significant consumer interest but have also encountered scrutiny from regulators and other issues. Lime is planning to operate in 100 markets by the end of 2018, and so far it has raised $132 million in funding.
Four million sellers have generated a total of $1 billion by selling on the online marketplace Poshmark, said Manish Chandra, the startup's founder and CEO. The company, which has raised almost $160 million, allows people to buy and sell accessories and clothing.