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Credibly Financial News Roundup for the Week of October 12th, 2015


Minyang Jiang

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.

The Top 10 Schools to Study Business for 2015-2016 by Carly Stockwell, USA Today
“Majoring in business is a great way to gain a wide range of skills that can lead to employment in several fields. While the degree can obviously lead to several lucrative career options, you can make yourself a more competitive job applicant by earning that degree from a top business school. That way you can end up one step closer to obtaining your dream job — whether that’s owning your own company or working for Goldman Sachs.”

5 Business Innovation Nightmares — And How to Avoid Them by Lisa Bodell, Forbes
“No matter how popular and beloved your brand may be, its survival depends on your organization’s ability to adapt. Postmortems on companies like Blockbuster Video and Borders Books have pointed to issues with organizational structure, capabilities, and technology. But at the center of those corporate demises is the failure to innovate. Through more than a decade of innovation training with the world’s top organizations, I’ve isolated five innovation nightmares that, if course-corrected early enough, don’t have to result in imminent doom.”

For Alternative Lenders To Be Successful, Differentiation Is Key by Chris Myers, Forbes
“…there has been a massive wave of new, national, and highly scalable alternative lending providers entering the market. These alternative lenders offer higher acceptance rates and faster capital deployment than traditional channels, and as a result have seen tremendous growth in the market over the past five years…I’ve had the opportunity to work closely with a number of players in this space in my role as the CEO of BodeTree, and I believe that one key factor will determine the winners and losers in the space going forward: differentiation.”

To Tip or Not to Tip? Danny Meyer Says No Way by Kevin Daum, Inc.
“Tipping in restaurants is mostly an American practice, and one that often causes frustration and confusion for both customers and restaurant employees. Customers can feel obligated to provide money they may not feel is justified by the service. Employees may not actually participate in a fair share. Still the practice has remained largely out of custom, and because it allows restaurateurs to keep their prices and payroll lower by passing some labor costs directly to the customer. A smattering of restaurants have adopted a tip-less policy, but many have held back for fear of scaring away customers with higher pricing. Until now.”

The Sleep Patterns of 21 Highly Successful People (Infographic) by Peter Gasca, Entrepreneur
“For years, I have been saddled with guilt because I simply have a difficult time regularly waking early in the morning. I have, on a few occasions, developed a good morning habit, only to see it dissolve after a weekend binge watching on Netflix late into the night. While the infographic shows that most successful entrepreneurs start their days early, recent studies have identified a gene that may be responsible for whether you function better at night or in the morning. So whether you are a morning person or not may actually be something that nature decides, not you.”

Will Work for Funding: 7 Ways to Finance Your First Small Business by Anna Johansson, Business.com
“…While you may not be able to secure a million dollar loan, many offer options ranging from just a few thousand dollars to as much as a quarter of a million dollars. ‘You receive a lump sum up front and you have a manageable remittance each business day that consists of a fixed dollar amount—which is more cash flow-friendly than a monthly obligation,’ writes Credibly, a leading source of alternative loans.”


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, we learned why vanity phone-numbers are still an effective marketing tool for small business owners, and how to find the positive in your employees’ worst traits.