Hamdi Ulukaya, Founder of Chobani became a billionaire in five years by making great yogurt and using innovative marketing. “Only in America” can a Turkish dairy farmer come to learn English, start a small business with borrowed money and become a billionaire in five years while beating the pants off of Fortune 500, writes Bryan Gruley of Bloomberg Businessweek. That’s the life story of Hamdi Ulukaya, founder and sole owner of Chobani, maker of Greek yogurt. Ulukaya’s path to … [Read more...]
Want Access to Government? Hire a Lobbyist for $5,000 a Month
Hire a Lobbyist for $5,000 a Month. Small businesses are banding together to offset the cost of hiring a Lobbyist. Government agencies at the local, state and federal levels are playing a more significant role in today’s economy. Total government spending represents roughly 40 percent of our economy, the highest percentage during the last century (except for WWII). Add to this increasing government regulations and it's clear that small-business owners to an intimate relationship with their … [Read more...]
When Can We Expect the Next Recession?
Big clue to the next recession: It's likely to occur when the Federal Reserve tries to tame inflation. Predicting when the next recession will hit is as much art as science. Economists, financial analysts, bloggers—frankly, all those who have an incentive being the first to call a recession—are at risk at having their judgment affected by these incentives. An analysis of post-World War II recessions and their causes, studied after the fact, indicate that certain changes in monetary policy in … [Read more...]
Are New Federal Regulations Stifling Economic Recovery?
A former senator believes excessive government regulation is a huge obstacle to business growth and employment and Economic Recovery. Former Democratic Senator Blanche Lincoln of Arkansas believes the “breakneck pace” with which federal agencies are issuing new regulations is stifling business growth and employment across the country. These regulations are leading to excessive costs and tremendous uncertainty, paralyzing expansionary activity. In the 90-day period leading up to the November … [Read more...]
Latest Job Growth Numbers Could Signal Economic Momentum
ADP announced that business added 215,000 new jobs during December, significantly more than economists expected. What does the latest job Growth Numbers mean for small business? According to ADP, one of the largest payroll processing companies in the country with over $10 billion in revenues, U.S. companies hired 215,000 workers during December. This is significantly more than the 140,000 workers economists had expected. Such strong hiring is a positive sign, especially considering that the … [Read more...]
Small-Business Employee Pay Stays Flat
Employees at small businesses can no longer count on automatic raises in base pay. Small-Business Employee Pay Stays Flat. More money only comes for performance that goes above and beyond. The Great Recession has left deep scars in the minds of many business owners, leading them to hold back on employee compensation even as conditions improve. According to several leading payroll processors that specialize in small businesses, employee pay has stayed virtually flat year over year, in contrast … [Read more...]
Amazon and eBay Looking to Dominate Industrial Sector
Leading online retailers are now targeting the B2B procurement space. Are there risks for small-business owners buying supplies from Amazon and eBay? In the span of about 15 years, online retail sales have grown from a tiny niche to more than $200 billion in revenues. Companies like Amazon and eBay are now looking for the next sector to dominate, and it seems business purchases may be their target. Moving beyond books and electronics, they're starting to distribute machine parts, industrial … [Read more...]
Bond King Shares 4 Main Risks to U.S. Economy
Finance expert Mike Periu on the primary concerns Bill Gross, top U.S. investor and co-founder of PIMCO, has about the Risks to U.S. Economy. Bond king Bill Gross, a self-made billionaire, is one of the most successful investors in the U.S. He co-founded the Pacific Investment Management Company (PIMCO) which manages nearly $2 trillion in assets. Gross has concerns about the long-term health of the U.S. economy. His four main concerns are: Debt: The world’s developed countries, including … [Read more...]
Affiliate Sales Model Making a Comeback
As online advertising becomes more and more challenging in capturing customers, finance expert Mike Periu explains how the Affiliate Sales Models is making a comeback. Many websites that generate revenues primarily through advertising are having a difficult time staying relevant in the eyes of consumers. Web users have largely learned to ignore ads creating a vicious circle of more ads being displayed and in more obtrusive ways in order for website owners to meet their revenue goals. This cycle … [Read more...]
Mortgage Applications Fall Significantly Despite Low Rates
Even though interest rates are at an all-time low, finance expert Mike Periu explains why that the number of Mortgage Applications Fall. Mortgage rates continue to be at extremely low levels. After taking inflation into account, the cost of borrowing money is almost zero, making it an opportune time to finance the purchase of a home or refinance a mortgage. Despite this situation, Mortgage Applications Fall were 12.8 percent down last week according to the Mortgage Bankers Association. Lenders … [Read more...]
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