Business Contents Archive

EIDL cap increasing next week to $500k

New: SBA says it's increasing the cap on Covid-19 EIDL loans to $500,000 from $150,000. The change will take effect the week of April 6 Details have not been released yet. I will post as more news comes in

Looking to invest in conservation efforts? The world's first wildlife security will be sold by the World Bank later this year. The five-year, $45 million bond is designed to raise funds to protect South Africa's endangered black rhinos. Returns will depend on the rate of growth in the populations of the animals at two reserves. If successful, the program could be expanded to other species like lions, tigers, gorillas and orangutans. Tap the link in bio for more.

“We just started conversing really with no big agenda,” @BetterUp CEO @Arobichaux says on Prince Harry becoming Chief Impact Officer. “There was a lot of shared passion and energy around BetterUp’s mission and his mission of advancing preventative mental health worldwide.” https://t.co/lkejtK82MT

The Suez Canal has been blocked after one of the world’s largest container ships ran aground, severing a vital trade artery and threatening to disrupt global shipments for days. The Ever Given, which is almost as long as the Empire State Building is tall, is wedged across the southern end of the canal, with tug boats engaged in a frantic effort to free it. Every day, about 50 vessels sail through the 120-mile length of the Suez Canal, which was built between 1859 and 1869 to connect the Mediterranean to the Red Sea and Asia. Within hours of the blockage, about 10m barrels of crude and petroleum product shipments had backed up near the north and south entrances to the canal. The canal is clearly a 'key chokepoint for global trade' — and if the vessel isn't freed quickly, the consequences could be severe. Tap the link in our bio to read more.

Looking for advice. Partners aren’t holding up their end of work.

As the title states I’m looking for some advice on how to handle business partners who haven’t been holding up their end of work in the company. I am a minority owner in a small startup (~$200k annual revenue, none of us take a paycheck, still getting off the ground, etc). Despite being a minority owner, over the past few months Id say 90% of the work has landed on my plate - not because I want it to, but because it won’t get done otherwise. Im having a very hard time getting my partners to take any initiative or do anything and I’ve found myself in the “pack mule position” (they pick the destination, I do the work to get there). One month of this? Doable. 2 months? Sucks but sure. Now we’re going on 3 months and its becoming unsustainable for me as I also hold a full time job. I’m fully bought into this company and the vision we have, but this current trajectory is only going to lead to failure. Has anyone else experienced this situation and can provide some insight?

Every bank is requiring me to have a operating agreement for my LLC

I’m trying to set up a bank account for my LLC but every bank is asking for an operating agreement that I don’t have. I don’t have thousands of dollars to pay a lawyer for this and now I’m regretting not doing a sole proprietorship I’m thinking of closing down my LLC and opening a sole proprietorship

Argentina is unable to repay its $45 billion debt with the IMF, says Vice President Cristina Fernandez de Kirchner https://t.co/9azmoR7D7x

Should I pay off my student loan with my PPP?

I am a sole prop and the PPP rules are different, and it’s considered worker’s compensation—so I can use the money however I like—I have done the research. I am debating what to do. I would love to pay off my student debt and start my life finally debt free. I have been working to fix my credit and paid off all other debts. My student loans are 13 years old. However, there’s plenty of business expenses I could use this money for and also get ahead of some expenses since we don’t know what else is ahead with COVID. I’m conflicted on what the best choice is. What would you advise?

How do you manage decision to hire someone or do it by yourself?

I'm starting a beauty salon with my mother. We know a lot of things. And sometimes I don't know if it's worth to do it my our own or hire someone. Like I can do Google Ads by my own, but can hire someone who is an professional. And this with everytopic. I have now to design a Flyer. I can do it by my own, I know a bit Photoshop and illustrator, but can hire also someone. Thanks!

Meet BetterUp, the Silicon Valley startup where Prince Harry now works https://t.co/3T03nvXiNI

🚨 BREAKING: SBA is boosting the lending limit of #COVID19 Economic Injury Disaster Loans, more than tripling the maximum amount eligible small businesses and nonprofits can borrow through the program.

Organizations need strong, visionary executives. But they also need people who can make their ideas applicable, even if it means steering them in another direction. https://t.co/aqOSZR91ei

Legendary investor @RayDalio says it is ‘very likely’ the U.S. will outlaw bitcoin. WATCH Ray’s full #Influencers interview now: https://t.co/6IwrvDZACx https://t.co/RqAAspMpkj

Charging businesses different prices for same/similar product. Ethics? Good business practice?

I run a small business in Louisiana, LA that works with bars and restaurants (my customers). We’re rolling out a new project and someone suggested charging different prices for different customers. The logic being that a dive bar has a different budget than a posh-hotel — however they would be receiving roughly the same product/service. It feels a bit weird and seems like textbook price discrimination, but I don’t know enough about the topic to make an accurate judgement call (other than it feels a bit gross, albeit somewhat logical.) Thanks!

Differences between pallet jacks?

My business has reached a point where i am consistently receiving pallets in each shipment, I wouuld like to invest in a pallet jack so I can move them around easier without having to break them down first. I receive anywhere from 2-4 pallets per week and may have a maximum of 6 warehoused at the same time. So we aren't talking crazy volume or moving around 25 pallets per day here. There are so many options out there, economy, easy lift, motor, with battery, multidirectional, adjustable width.. I don't mind investing some money if it will wind up saving costs or serious headache down the line, but a few people I spoke to that work in warehouses have said jacks tend break down a lot in general, so no point investing in an expensive one. Anyone with recommendations or wisdom?