Orlando, Fla.-based private equity firm Vintage Capital Management has made a deal to purchase Rent-A-Center in a transaction worth almost $1.4 billion. The firm offered $15 per share for the brand, and Rent-A-Center said it accepted the offer earlier this week.
Professional wrestler Matt Sigmon will open his first Anytime Fitness location in Tennessee along with his brother, Jonathan Ward, who has a background in real estate. The brothers eventually plan to operate three locations in the area.
The Labor Department on Tuesday established a final rule that will expand the ability of small employers to participate in association health plans. "The point is to allow more small businesses to join forces to offer health insurance, using economies of scale to reduce costs and diversify risk," the Wall Street Journal notes in an editorial.
Calculating your debt service coverage ratio can be a useful step before seeking small-business financing, writes Carolyn Sun. She outlines five financing options that may be worth considering, including peer-to-peer loans and loans backed by the Small Business Administration.
A report from SCORE presents a breakdown of statistics about women business owners, all clearly indicating that women-owned businesses are as successful as those run by men. The stats indicate that more women than men have started businesses in the past year and that 57% of women business owners believe their revenue will grow in 2018.
A startup called Farmers Business Network, which has raised almost $200 million in venture capital, is looking to empower farmers to optimize their yields and buy supplies at better prices. The company helps farmers share data with one another and opened its own store, known as FBN Direct, in 2015.
Acquiring new customers is much more expensive than retaining the ones you already have, making it critical to reduce turnover, writes Dale Chang. One key step for addressing the issue is to create a measurement system that allows you to track renewal rates and product engagement.
People generally fall into three different categories, based on how they view the world and the factors that motivate them. For example, people who exhibit the "heart" type tend to be driven by relationships and often excel at building a sense of community, says Itamar Goldminz, director of people at Grammarly.