Credibly Financial News Roundup for the Week of September 21st, 2015
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.
Baby Boomers Ready to Sell Businesses to the Next Generation by Stacy Cowley, CNBC
“It is a realization that many business owners their age are coming to. As the sting of the recession fades and the economy grows healthier, entrepreneurial baby boomers who spent the last few decades building businesses are starting to move on to the next phase of their careers: cashing out. And as the generational torch is passed, the profile of small businesses is changing, too, with a markedly higher share of minority groups and women among younger business owners — a trend that could shift patterns of wealth and economic prospects.”
7 Healthy Habits That Maximize Your Productivity Every Day by Adam Toren, Entrepreneur
“I’ve found over the years that by approaching bedtime with a routine I can effectively start the next morning with all systems go. Begin by ensuring you know what’s on the calendar for the following day. Go over appointments, calls and any other important deadlines in the day so you have an awareness of what’s on the agenda. Next, get anything you need in the morning set aside and ready at night. Bag packed, if you bring lunch — then lunch made and ready to grab, gym bag all set up to go, etc. Make sure whatever you need in the morning is as easy as grab and go.”
Greetings From Bitcoin Island by Jeremy Kahn, Bloomberg
“Bitcoin startups tend to cluster where the venture capital money is: London, New York, San Francisco. Taking on these behemoths might appear to be a stretch for a tiny British protectorate that can seem more time capsule than Tomorrowland. Yet the Manx government is indeed seeking to make [The Isle of Man] the world’s foremost hub for the technology. Some 25 startups working with digital currencies or the blockchains that underpin them are already based here—and that number is growing steadily.”
Avoid These Top 4 Student Loan Mistakes in Your 20s by Cat Alford, Student Loan Hero
“…I made several big student loan mistakes. I borrowed way too much, around $39,000 actually, and now—at 28—I’m trying hard to pay it all back. The reason I consider this too much money is because my degrees are in history, a traditionally low-paying field. My first job out of graduate school paid $25,000 a year, and on such a low salary, the $300/month payments were difficult. I’m not alone.”
Apple Propels an Ad-Blocking Cottage Industry by Jack Marshall, Wall Street Journal
“In the first week since Apple’s new mobile software was released, the 10 most popular ad-blocking apps were downloaded nearly 600,000 times combined. Ad-blocking could become a major threat to ad-supported online publishers if it continues to gain traction. Many publishers say they haven’t seen a material increase in mobile ad blocking following Apple’s new software release, but describe the wider issue of ad blocking as a serious and growing concern.”
How to Ask the Right Questions When Choosing a Business Loan by Madhur Grover, StreetShares
“There are lots of funding options out there—which is both a good and a bad thing for you. It’s easy to be overwhelmed by the sudden plethora of emails, phone calls, letters and ads from lenders—how do you plow through the weeds and find the best deal for your business?”
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 published an essential guide on How to Recruit, Hire, Motivate, Retain, and Reward Your Talent, courtesy of our contributing editor Joe Tagliente.