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Credibly Financial News Roundup for the Week of November 2, 2015


Ben Goldstein

With the world of small business finance changing so quickly, who can stay on top of it all? Here at Credibly, we sift through hundreds of blogs, news alerts, and emerging Fintech trends every day, selecting the most important industry updates so you don’t have to. Here’s the financial news that caught our attention this week.

Street Value: The Real Economics of Launching a Food Truck by Rebecca Bolton, Fast Casual
Launching a food truck can be a wise investment for established restaurants looking to better serve their local communities. Popular, well-marketed trucks often take in $250,000-$500,000 per year, and the superstars of the scene earn closer to $1 million. But what are the real costs and advantages of food truck ownership? And what separates the successful food trucks from the flops?

Chip-Enabled Card Readers: 5 Fast Facts You Need to Know by Larry Alton, Heavy.com
“On October 1, the United States finally caught up to Europe and Asia by now requiring businesses and retailers to accept chip-enabled cards. While it may sound like a minor change in protocol, the results could be significant for consumers, credit card companies, and business owners alike, as the change will have a major impact on credit card security both in the United States and abroad.”

Why It’s a Bad Idea to Mingle Small-Business and Personal Banking by Jay DeSmarteau, Entrepreneur
“Small business owners who mix personal and business finances within one account may have difficulty getting an accurate view of cash flow and producing income statements needed to obtain financing. Setting up separate accounts pays off at tax time as well.”

Small Businesses Are Hiring at Faster Rate Than Big Firms by Ruth Simon, The Wall Street Journal
“Hiring at small firms has outpaced that at larger firms for the past 19 months. This year through October, net employment at firms with fewer than 50 workers increased at a 2.3% annualized rate compared with 1.6% at firms with more than 500 employees, according to analysis by Moody’s Analytics of ADP data released Wednesday.”

How to Prepare for Small Business Saturday by Rhonda Abrams, USA Today
“In just six short years since it was first observed, ‘Small Business Saturday’ has become a sales powerhouse, driving traffic to local and small businesses during the all-important holiday season. It’s now an American institution, coming the Saturday after Thanksgiving. This year it’s Nov. 28. If you run a small business — retail, hospitality, service, online — it’s time to get ready to make the most of this day when consumers want to ‘shop small’.”


Have you checked out our small business education blog, In.Credibly?

Over at in.credibly.com we’re helping small businesses evaluate their working capital needs, source the right funding, and put those dollars to use more efficiently. This week, our commercial real estate expert Allen Buchanan explained why you shouldn’t move your business unless you absolutely have to, and we looked at which 2016 presidential candidate would be best for small business.