Small Business
Top stories summarized by our editors
6/20/2018

Clients that are consistently late with payments can strain a business' finances. Taylor Gordon recommends several practices to encourage prompter compensation, including billing more frequently and denying service until an overdue payment is delivered.

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Due Payments Blog
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Taylor Gordon
6/20/2018

You can build your reputation as an influencer on LinkedIn by establishing trust, publishing content that lets you stand out from the pack and engaging with followers, experts say.

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Fast Company online
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LinkedIn
6/20/2018

Orlando, Fla.-based private equity firm Vintage Capital Management has made a deal to purchase Rent-A-Center in a transaction worth almost $1.4 billion. The firm offered $15 per share for the brand, and Rent-A-Center said it accepted the offer earlier this week.

6/20/2018

Professional wrestler Matt Sigmon will open his first Anytime Fitness location in Tennessee along with his brother, Jonathan Ward, who has a background in real estate. The brothers eventually plan to operate three locations in the area.

6/20/2018

The Labor Department on Tuesday established a final rule that will expand the ability of small employers to participate in association health plans. "The point is to allow more small businesses to join forces to offer health insurance, using economies of scale to reduce costs and diversify risk," the Wall Street Journal notes in an editorial.

6/20/2018

After careers in corporate America, Steve Holt and Nancy Forster-Holt purchased marine equipment manufacturer Shaw & Tenney. The business, which has made oars, masts, paddles and other equipment, dates to 1858.

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Forbes
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Steve Holt
6/20/2018

Calculating your debt service coverage ratio can be a useful step before seeking small-business financing, writes Carolyn Sun. She outlines five financing options that may be worth considering, including peer-to-peer loans and loans backed by the Small Business Administration.

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Entrepreneur online
6/20/2018

A report from SCORE presents a breakdown of statistics about women business owners, all clearly indicating that women-owned businesses are as successful as those run by men. The stats indicate that more women than men have started businesses in the past year and that 57% of women business owners believe their revenue will grow in 2018.

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Small Business Trends
6/20/2018

A startup called Farmers Business Network, which has raised almost $200 million in venture capital, is looking to empower farmers to optimize their yields and buy supplies at better prices. The company helps farmers share data with one another and opened its own store, known as FBN Direct, in 2015.

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Forbes
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Farmers Business Network
6/20/2018

Acquiring new customers is much more expensive than retaining the ones you already have, making it critical to reduce turnover, writes Dale Chang. One key step for addressing the issue is to create a measurement system that allows you to track renewal rates and product engagement.

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TechCrunch
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Dale Chang