Small Business in the News: September 24-30, 2016

We know there is too much to keep up with when you’re a busy entrepreneur, so we compile small business news highlights each week for you to read only what matters most. Here is a summary of the top stories for September 24-30, 2016.

Consumer Spending Unchanged for August

Businesses need not to worry as personal consumption, a measurement on how much Americans spent, remained unchanged in August from a month earlier. The latest figures suggest caution and a slowdown in purchases of big-ticket items from consumers. Read more…

Restaurants Could Improve Customer Service with Apple Watch

A new app developed by Resy will be tested in Union Square Café in New York, in hopes to increase customer service.  The app will be able to do things like notify restaurant staff every time a VIP guest arrives, need their coat, or allow them to report if bottle service is taking too long. In order for the app to work, Sommeliers and managers will have to wear Apple Watches. The restaurant is set to reopen in October. Read more…

Apple Signing Deals with Big Businesses

Apple just signed a deal with the world’s largest consulting firm, Deloitte, to accelerate their push into big businesses. Deloitte plans to open a new business where their advisors will help clients adopt iPhones and iPads across their business. Both companies also have collaboration plans to launch EnterpriseNext, which will offer custom apps for employees and customers. Read more…

Applications for US Unemployment Increased Last Week

More Americans sought unemployment benefits last week, although the number of applications remained low. The number of people receiving aid dropped to the smallest number since July 2000, showing layoffs are scarce. Read more…

Google Rebrands B2B Cloud Business

Alphabet Inc, a holding company with interest in Google Inc, renamed its business-to-business cloud computing brand to compete with Amazon.com and Microsoft Corp. Google’s cloud computing uses remote internet servers to store, manage, and process data, while offering a range of apps like word processing and email. Read more…

Entrepreneur Suggests Female Entrepreneurs Hide Their Gender

John Greathouse, a serial entrepreneur and investor, recently wrote in the Wall Street Journal, “women in today’s tech world should create an online presence that obscures their gender. A gender-neutral persona allows women to access opportunities that might otherwise be closed to them.” He has since issued an apology. Read more…

Millionaire Swears by “Ugly Duckling” Investments

Daymond John, Shark Tank investor and entrepreneur, spoke at an Advertising Week session about his success with not-so-sexy start-ups. He advised to not dismiss startups that look ridiculous, but warns you should still recognize the obvious ‘nuts’ in the bunch. Read more…

Able Lending Receives $100 Million to Fund Business Loans

Able Lending announced it has received $100 million from Community Investment Management, an impact investment firm, to help fund small business loans. Able’s business structure works by friends and family contributing a portion of the loan to small businesses. Read more…

 

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