Purchase a small business can be a difficult task. If the business already exists, it is your responsibility to know of all trial, taxes and debts that the company has, as all these will be transferred to you because you are now the legal owner. But if you decide to get a franchise, it is essential for you to know everything about royalties, franchise fees and other charges you must pay and when you must pay. Try to discover all the pitfalls as well. Read the whole story…
Archive for the ‘Business Planning’ Category
The rules of successful buying a small business
Part-time nanny helps end Bank of America fee
WASHINGTON (AP) — Recent college graduate Molly Katchpole has $2,200 to her name, holds down two part-time jobs — one of them as a nanny — and describes her financial situation as paycheck-to-paycheck.
So when Bank of America announced that it would begin charging debit card users a $5 monthly fee, Katchpole got mad and started an online petition. More than 300,000 people signed it.
And on Tuesday, the nation’s second-largest bank backed down.
Now the 22-year-old is getting the credit for the end of the debit card fee.
Katchpole is a Rhode Island native who lives in Washington, where she does freelance work for a political communications firm that supports unions and other Democratic-leaning causes. She d
Wells Fargo Drops $5 Debit Card Fee Plan
Diversified financial services firm Wells Fargo & Co. (NYSE:WFC) said it is cancelling its planned five-state pilot of a monthly $3 fee for users of its debit cards as a response to customer feedback the bank has received.
“As we adjust to changes in our business, we will continue to stay attuned to what our customers want,” said Ed Kadletz, Head of Wells Fargo’s Debit and Prepaid Cards.
The news comes as industry giant Bank of America (NYSE: BAC) is reportedly re-considering its plan to charge $5 monthly debit card fees after similar public outrage. Other banks like JPMorgan Chase (NYSE: JPM) and Citigroup (NYSE: C) have also dropped their plans to charge for debit card usage.
There’s a Little Steve Jobs in All of Us
Five things I learned from the way Steve Jobs lived his practical genius:
1. Put all your assets out there.
Genius happens at the intersection of our hearts and minds, that sweet spot where our hard assets (strengths, skills, expertise) and soft assets (values, passions, and creative abilities) converge.
Steve Jobs the technologist was at one with Steve Jobs the artist; all of his abilities and his beliefs were seamlessly fused. To me, this was the manifestation of his genius—not the amazing products we love so much, but the extraordinary way he put everything he had—all his assets—on the line throughout his career entire career. I also loved how he seemed to stay true to himself through failure and success.
It’s only when you’re engaging all of your assets, all at once, that you can see for yourself what’s truly possible. It doesn’t
Mountain West, Conference USA merge college football programs
The Mountain West Conference and Conference USA have agreed to consolidate their college football programs into one 22-team association.
The merger would put the University of Hawaii , which is scheduled to leave the Western Athletic Conference after this season and join the Mountain West Conference in July, in one large league.
“Rather than await changes in membership due to realignment, it became clear the best way to serve our institutions was to pursue an original concept,” Mountain West Commissioner Craig Thompson said in a statement. “The Mounta
5 strategies for investors to mitigate risk
It is October 2011. Surely by now it should all be over. It’s over three years since the largest financial crash in a generation, and most economies are still struggling to return to growth. Whatever the immediate future, whatever the US president, Barack Obama, or the UK prime minister, David Cameron, hope, the days of sitting on an investment and being guaranteed a return are, it seems, over. I Read the whole story…