Industry News
Small Business
Top stories summarized by our editors
12/3/2021

YouTube buzzes with expert sources on a wide scope of topics, making it a great -- and free -- educational resource for business owners, real estate executive Nic DeAngelo writes. Vet sources by seeking content that aligns with your company's goals and background, looking for industry websites and forums with a YouTube channel, and following reputable thought leaders, DeAngelo recommends.

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YouTube
12/3/2021

Seamless app experiences, proper timing and varied channel options can position restaurants for the next era of mobile innovation. "Today, quick-service restaurant brands need to think about how they can optimize their physical footprint with technology to meet customers wherever they are, whether that's at the ordering counter in-store, at the drive-thru window or through third-party delivery services," writes Coby Berman of geofencing company Radar.

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QSR
12/3/2021

Many common sales messaging mistakes can be avoided simply by examining sales emails and marketing outreach from the customer's perspective, writes David Brock. Sales leaders can also ask prospects about their experiences and preferences to get valuable feedback, Brock writes.

12/3/2021

A tighter, one-day COVID-19 testing window for passengers to the US goes into effect on Dec. 6 and the face covering requirement for commercial flights has been extended through March 18. The tighter testing timeline "provides an added degree of public health protection as scientists continue to assess the Omicron variant," the White House said.

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White House
12/3/2021

Bigger loans help some types of small businesses grow, but lenders struggle to predict which ones, according to research. Borrowers' mindsets were the most important factor, with risk-averse applicants proving a better bet than overconfident ones, researchers say.

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Kellogg Insight
12/3/2021

Companies with remote workers need to be familiar with the tax implications of the states they live in and consider how to account for related business and travel expenses, writes Isaac Saft of Blue dot. Using tax technology to capture data can help business owners track transactions and avoid audits and penalties, Saft notes.

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Bloomberg Tax
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Saft
12/3/2021

The White House wants at least 11% of federal agencies' contract spending to go to disadvantaged small businesses in 2022. The increase, from a 9.8% average in the past five years, is designed to "to narrow the racial wealth gap," a senior official says.

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Reuters
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White House
12/3/2021

Entrepreneurs such as billionaire Mark Cuban are masters at the niche-at-scale theory of becoming an expert with a small idea or product then growing it to a larger, more successful brand because they understand that large product categories are full of major competitors. By leveraging the internet, a niche product or business can thrive with a presence that attracts relevant small groups and gain popularity there before scaling up to greater success.

12/3/2021

Prospective hires should understand the risks of leaving a steady career for a startup, and this checklist can be used to make sure everyone understands the risks to their family and career. "You must meticulously calculate the risks involved in your decision, with different permutations impacting different people, at different stages of life," writes Yuval Tal of venture group Team8.

12/3/2021

9Round Franchising plans to open its first South Korea location in 2022, expanding to 40 units in the next several years. The company also expects to add 160 gyms to 43 existing units in the Middle East, Turkey and North Africa.