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UKRAINE – 2021/02/19: In this photo illustration an IBM logo is seen on a smartphone screen. (Photo … [+] Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images A pivotal event for AI happened when IBM’s Watson beat two all-time champions of Jeopardy! in 2011. This showed that the technology was far
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Trying to market a business without a proven solution is like trying to build a house without a … [+] foundation. Early stage startups must first focus on developing a product customers need. getty Every business needs a way to tell its customers about its products and services. Those marketing channels differ from one business
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Sinelia Louis will finally be eligible to apply for a PPP loan due to changes by the Biden administration that allow access for non-citizen small business owners. Sinelia Louis When Sinelia Louis, 50, heard about the recent changes to the Small Business Administration’s Paycheck Protection Program, she felt like her prayers had been answered. “I
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Data released by the SBA as of Feb. 21, 2021, show that the top PPP lender has now processed 139,559 SBA-approved PPP loans by serving the smallest businesses, especially self-employed individuals and minority and women-owned businesses. Over 98% of its approved loan applications come from businesses with fewer than 20 employees. The reforms to the
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MoMo Productions | Getty Images Millions of self-employed and gig workers got good news this week. The Biden administration on Monday changed how the Small Business Administration’s Paycheck Protection Program calculates forgivable loans for the smallest firms and sole proprietors. But there’s a catch. The updated formula — which will likely lead to larger loan
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By Neil Hare President Biden announced changes that make it easier for businesses with fewer than 20 employees to … [+] get loans. getty In an early move to put his stamp on the Paycheck Protection Program (PPP), on February 22, 2021, President Biden announced some new changes that make it easier for businesses with fewer than
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Manufacturing is undergoing huge changes, and not just because of the coronavirus pandemic. getty Lean manufacturing is built on the premise that reducing waste, eliminating redundancies, and operating with precision are key to succeeding in the marketplace.  In this model, extra inventory equals wasted resources. It assumes a supply chain that is always on, always
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Your business name is one of your most powerful branding assets. © Rawpixel.com – Fotolia.com By Nellie Akalp A company’s business name is among one of its most powerful branding assets. And as with other business assets, it’s wise to protect it. If a business owner fails to do so, they run the risk of
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Studies show that the more innovative your startup idea, the higher are its chances of failure. If … [+] you’re building an innovative solution, it’s important to make sure you’re investing your resources in the right idea. Here’s how. getty It’s an empirical fact that most startups fail. In fact, the more innovative your startup
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Citibank Can’t Get Back $500 Million It Wired by Mistake, Judge Rules After committing one of the “biggest blunders in banking history,” Citibank won’t be allowed to recover the almost half a billion dollars it accidentally wired to Revlon’s REV lenders. Citibank, which was acting as Revlon’s loan agent, meant to send about $8 million
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This Gen Z entrepreneur focuses on giving back in the cannabis industry. Provided Cannabis and community service might not seem like the perfect match at the onset. However, Millennials and Gen-Z make up an overwhelming percentage of legal cannabis users—48% and 17%, respectively. And these demographics want to see the companies they support giving back
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Knowledge is power, and it’s what makes us business owners better able to compete in a marketplace … [+] that never stands still. © Syda Productions – Adobe Stock By Susan Guillory Knowledge is power, as we all well know. And yet, for many entrepreneurs, once we initially figure out how to run our businesses,
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Tom Cormier, co-founer DropshippingUniversity.com Thomas Cormier Maybe you’ve seen videos circulating online of people who have quit their corporate jobs to pursue a dream of entrepreneurial success. One of the most popular forms nowadays revolves around a concept in e-commerce known as dropshipping.  Dropshipping is a business model that allows entrepreneurs to sell products to their
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