Following a string of high-profile data breaches last year, Visa and MasterCard handed down a requirement that all merchants transition to the more secure chip-enabled credit card payment system by October of this year. While several major retailers have already made or are in the process of making the switch, a new report finds that many small business owners don’t even know about the deadline – or the potentially costly consequence of not meeting it. [More]
If you own or manage a small business or restaurant and feel like you might want to help out (even anonymously) on an upcoming Consumerist story, here is your chance. [More]
If the path to economic recovery will be led by small businesses believing in the future and growing, it may still be a while until we get there. Bullish sentiments among small business owners trended the way of Linsanity.
Food trucks offering everything from cupcakes to waffles have sprouted in cities all over, and it sure sounds fun. Driving around, selling unique food, tweeting about it, who wouldn’t want that? But before you jump in, you should know it’s a darn hard grind. $100,000 in startup costs is not unheard of, and you better make sure you know the regulations. For instance, how are you going to sell food from your truck if you’re not allowed to park it anywhere?
According to the Small Business & Entrepreneur Council, if you want to start a small business, you should head for the hills of South Dakota. The state has a low crime rate and, according to the SBEC, also has a limited number of bothersome health insurance mandates. Hey, it worked for Phillip Vandamm.
Conventional wisdom says small businesses are the backbone of the economy, but a new study counters that mom-and-pop businesses are an economic cancer instead.
Where do you go when you have a legitimate business that can’t get credit from a bank? The mafia, says the Bank of Italy.
Yesterday, President Obama spoke at the Brookings Institute about his administration’s plan for spurring job growth in our not-quite-a-recession-anymore-but-still-pretty-much-a-recession. Now they’ve invited Consumerist to bring our readers’ questions about the program to Austan Goolsbee, the staff director and chief economist on the President’s Economic Recovery Advisory Board.
Forgive potential investors for being skeptical of tossing you their spare change for your business proposition in this post-Madoff world. Banks aren’t exactly waving small-business loans in your face these days either, so what’s someone with a great new business idea to do?
After weeks of trying to get our floral cooler fixed, it has been fixed as of 2:00pm today! The issue was with the dryer valve and not the compressor. The valve was completely clogged and we had a new one soldiered on. It went from 85 degrees to 44 degrees in 15 minutes. It is the best $324.45 I have ever spent!
Add some additional benefits to your standard offer. Offer free shipment, extend your guarantee, or create a more generous return policy.
Angry small business owners get your keyboards ready — Yelp is going to let you respond to negative comments! This is going to be …. awkward! Oh well, we love a good fight.
Has your credit limit been inexplicably lowered lately? Well, it might not be anything personal. The problem might be with your mortgage lender. Or where you’ve been shopping. Or where you live. American Express, long rumored to judge customers based on this criteria, has admitted that it evaluates who you do business with and where you live when determining how much credit to give you, says MSNBC.
Bill, whose small business checking account had been inappropriately drafted $1500, sent us the following email late last night: