For years, it was rare for any small businesses to discuss eBay without also mentioning PayPal. But now that the two companies have separated, eBay is making some changes. Recently, the company announced a new hire that should help it prepare for the post-PayPal world. In addition, small businesses got some welcome news in the form of a institutional lenders increasing approval rates.
These headlines and more are included in this week’s Small Business Trends news and information roundup.
eBay Hires Alyssa Cutright, Prepares for Post-PayPal World
eBay Inc. (NASDAQ:EBAY) has appointed Alyssa Cutright as its new Vice President of Global Payments. In this new role, Cutright will lead eBay’s global strategy and operations of billing and payments. The timing of Cutright hire is interesting coming as it does after eBay spun off its PayPal (NASDAQ:PYPL) payments business last year making PayPal a totally separate company.
Biz2Credit: Institutional Lenders Bounce Back after April Drop
Approval at institutional lenders and at big banks ($10 billion+ in assets) increased in May. Meanwhile, credit unions, small banks and alternative lenders recorded a drop in their approval rates. Those were the findings of Biz2Credit, the online resource for small business finance, in their monthly lending index released this month.
Declining Millennial Entrepreneurship Not Caused by Student Debt
Are rising student loan levels choking off entrepreneurship among America’s young people? Numerous authors, from Purdue University President Mitch Daniels to Forbes Magazine’s Steve Denning, have argued that they are. But the data disagrees. Let’s start with the facts. Fewer young people today are in business for themselves than was the case 25 years ago.
Small Businesses Posting More Jobs Related to Transportation
Transportation job postings are much more highly concentrated in small business compared to businesses of all sizes, with over a quarter of all small business job postings in the transportation sector. This represents strong demand for jobs like truck and delivery drivers.
What You Must Know About New Overtime Rules; 9 Point Checklist
On May 18, the U.S. Department of Labor (DOL) announced final updates to the Fair Labor Standards Act’s “white collar” overtime exemptions. The new overtime rules (known as the “final rule”) increase the salary threshold needed to qualify for overtime exemption from $455 per week ($23,660 per year) to $913 per week ($47,476 per year.) and affect 4.2 million workers.
eBay Launches Open for Business Podcast to Serve Entrepreneurs
Looking for new podcasts or sources of business related content? You’re in luck. eBay recently launched a new podcast alongside Gimlet Creative, a media company founded by veterans of NPR and This American Life. The podcast, entitled Open for Business, features insights, tips and questions for new business owners.
Survey: 55 Percent of SMBs Say Video Marketing a Must (Infographic)
More small business owners and professional marketers are saying video is a must these days, and that they value video marketing above all other marketing skills for new hires, according to a recent survey by cloud-based video creation service Animoto.
Small Biz Spotlight
Spotlight: Pet Assist Provides In Home Pet Services and More
The pet care industry is growing. And with so many different services potentially of interest to pet owners, from dog walking to waste removal, that growth should come as no surprise. Pet Assist is a company that’s part of that growing industry. The mobile pet care business cares for pets in various ways and in various locations through its franchise program.
Small Business Operations
Expanding Your Staff: The Impact on Your Employer Obligations
NFIB’s Small Business Economic Trends for May 2016 shows (PDF) more businesses plan to increase employment as compared with the month before. Hiring new employees to meet your company’s growing needs may be a smart business move, but there are consequences to consider. It will cost you more in wages, payroll taxes and employee benefits.
MyBusinessGenie Offers Invoicing, Scheduling, More From iPad
Running a business requires you to manage so many different functions at once. That often leads to businesses relying on multiple apps or tools to manage everything from invoicing and scheduling to marketing and sales. But now there’s a tool available to help more small businesses condense the amount of tools needed to manage that daily workflow.
Foxit Introduces PDF Workflow That Will Rock Team Collaboration
PDF, a file format designed to present documents in a manner independent of software applications, devices or operating systems, has not changed much since its invention in 1993. That is, until now.
Boost Your Productivity by – Standing While Working?
Looking to boost your productivity at work? The answer may be simpler than you think. In fact, a recent study by the Texas A&M Health Science Center School of Public Health found that simply standing at your desk can have a huge impact on productivity.
The New LinkedIn: What Will Microsoft Ownership Mean?
Two weeks ago, news broke of the pending acquisition of the business social network LinkedIn by Microsoft. This article serves as a follow-up and asks what the purchase means for business professionals and small businesses in particular.
Control Your Office AC from Your Smartphone with Nature Remo
Just about everyone loves air conditioners (ACs) on hot blistery summer days, but the amount of energy they consume gives pause for the damage they cause to the environment, as well as the dent they can cause in your monthly office budget.
Are Drones With a Smartwatch Controller the Next Trend?
Drone technology is advancing at such a fast pace, the potential applications are giving small businesses many opportunities to create new services or enhance their current offerings. The demand has resulted in more companies manufacturing drones, and increasingly they are going to Kickstarter and other crowd funding services to fund their ventures.
How to Get Free Mobile Data with Aquto’s New Rewards Program
Do you run out of wireless data every other week or month? Sponsored data monetization and data rewards company Aquto is offering a mobile data rewards program for customers of communication service TextMe Inc.
Microsoft Giving Away Free Windows 10 Update Until July 29
If you’ve been putting off that upgrade to Windows 10 because of the price tag, Microsoft is giving you the deal of a lifetime. Well, at least your computer’s lifetime. From now until July 29, Microsoft (NASDAQ:MSFT) is giving away an upgrade to Windows 10 for FREE. That’s right … zero dollars.
Tips for Adopting Virtual Reality in Your Business
Small businesses are early adopters of technology, but they also hold on longer when they find solutions that work for them. The latest Annual Brother Business Survey revealed just as much when it comes to printers, scanners, copiers or fax machines.
Nomad Wallet Offers Phone Charger for Entrepreneurs on the Go
What would you say if you knew there was a stylish leather wallet with a built-in charging system for your smartphone? Well, the Nomad Leather Charging Wallet looks like a normal wallet except it comes integrated with a battery and charging cable for charging up your phone or tablet wherever you go.
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So many things are happening. Should we expect a shift in the payment processing world online?