Starting a business can be very challenging. According to the U.S. Small Business Administration, about half of all new businesses fail within their first five years. There are countless factors that can undermine a company's chances for success and ultimately doom it. While most of these factors – such as those related to product quality, pricing, and planning – can be blamed on poor management, a business's chances for success can also depend on outside factors.
Sandwich battles: Arby's starts a turf war with McDonald's over fish sandwiches before Lent season
While you're here, how about this:
AirChicago is a new private business class airline flying between Chicago and New York
AirChicago needs a minimum of 1,200 commitments before it can purchase the planes, launch an airport clubhouse at Chicago Executive Airport in Wheeling and get the service in the air to 18 markets. Koch, who has also secured $1 million in outside investment and is about to launch another funding round, says a minimum of 80 members committed to a single route, like Chicago to New York, is needed to launch that route. Some 200 Chicagoans have made deposits, Koch says.
“Airlines experience about 20,000 delayed flights a day out of approximately 100,000,” Koch says. “That makes it an unreliable transport system for someone who has to get to New York for a $50 million deal. Our planes (will be) parked in the hangar overnight from the departure airport. We fly to the destination city and the plane and crew stays there all day and flies it back in the evening.” Koch estimates travelers will save an average of three hours per trip.
Survey: 60 Percent of Small Business Owners Think Their Revenue Growth Is Below Average | Inc.com
Think, for a second, about your competition. Are you: A) chasing your industry's leaders or B) looking down from on top?
According to a new survey , the results of which were first published by Inc. on Tuesday, odds are good that you identify more with option A, even if option B is your reality. In a poll of 620 U.S. small business owners, conducted by online lender and small-business cash-flow platform Kabbage, 60 percent of respondents believed their revenue growth underperformed that of their peers.
Do trade shows still matter in the age of online business? – TechCrunch
First, it was an understandably nervous ZTE. As a Chinese company, it was undoubtedly going to receive extra scrutiny — never mind that ZTE's Shenzhen headquarters are a two-hour flight from Wuhan. Soon enough, South Korea's LG backed out, followed by Nvidia and Ericsson.
Ultimately, it was too late. Soon enough, Amazon was out and the list ballooned to dozens of companies, including AT&T, Intel, Nokia, Sony and Vodafone. Each offered a similar boilerplate response, noting the cost-benefit analysis for sending staff to a large international show amid concerns of a global epidemic.
In case you are keeping track:
Groupon will dump its e-commerce merchandise business
Groupon says it will dump its Goods e-commerce merchandise business after reporting disappointing fourth-quarter results.
Groupon badly missed revenue targets, reporting sales of $612 million. Analysts were expecting $705 million. Shares fell 22 percent in after-hours trading to $2.36.
Groupon also announced it plans a reverse stock split of 1-for-10 or 1-for-12, which would boost a share price that has been below $5 per share since May 2018.
24 Pesky Tax Filing Mistakes That Cost Small Business Owners
Paying taxes is bad enough, but making mistakes and overpaying is even worse. Don't even get me started on tax mistakes that can lead to an IRS audit. Talk about flushing money and time down the drain. Keep reading as we share 24 common tax filing mistakes that often cause drama for small business owners.
Filing your small business taxes each year does not have to be stressful or a pain in the butt to do. With a little work throughout the year, filing your taxes can be quite easy. Do what you can to avoid making the following 24 small business tax mistakes. Doing so could help you save time and it may prevent you from paying the government more in taxes than is absolutely necessary.
Outback owner Bloomin' Brands isn't selling the business — right now
TAMPA — After exploring a sale since last year, Outback Steakhouse owner Bloomin' Brands told investors Tuesday that it likely won't put its entire business on the market anytime soon.
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CEO David Deno said the restaurant company's board had been looking into the benefits of a sale since November, but "at this point, nothing compelling has materialized for an outright sale."
Deno said the company is looking into selling off its business interests in Brazil, but didn't offer much detail. The Brazil Outback Steakhouse restaurants reported a 5.8 percent increase in sales over 2019.
Business Owners Pressure One Oregon City Government Over Homeless Vandals | Here & Now
A coalition of business owners in Eugene, Oregon, allege they are losing business to vandalism and harassment from homeless residents of the city.
As KLCC's Brian Bull ( @bcbull ) reports, local advocates and police say they have to differentiate between legal behavior — such as loitering — and illegal activities.
Happening on Twitter
When it comes to the best state capitals to live in across the United States, @RaleighGov ranks high on the list! https://t.co/dwPDdE0Kuv WNCN (from North Carolina) Mon Feb 17 19:00:01 +0000 2020
These destinations will leave you with a deeper understanding of the world above, below, and around us https://t.co/v9V6y3RNev NatGeo (from Global) Thu Feb 13 05:30:04 +0000 2020
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