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You are here: Home / 2018 / Archives for February 2018

Archives for February 2018

21 Weird Things We’ve Learned About Bill Gates

February 22, 2018 by Asif Nazeer Leave a Comment

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Not only is he one of the wealthiest people in the world, but he’s also a philanthropist, an author and even a knight.


February 22, 2018

11 min read

Opinions expressed by Entrepreneur contributors are their own.


With a net worth of more than $86 billion, Bill Gates is known for being one of the richest people in the world. But there’s a lot more you probably don’t know about the Microsoft co-founder.

Gates was born in Seattle in 1955 and discovered his passion for technology early on. In school, he met long-time friend and future co-founder Paul Allen. Together, they launched another small-business venture before coming up with the idea for Microsoft.

Related: 5 Life Lessons From Bill Gates, One of the Most Influential Philanthropists on Earth

Until he realized his desire to pursue computers, Gates had planned to become a lawyer and studied pre-law at Harvard. He eventually dropped out, launched Microsoft and met his employee and future wife, Melinda. Today, Gates is not only a self-made billionaire and tech leader, but he’s also a philanthropist, an author and even a knight.

Check out these 20 surprising facts about Bill Gates.

Additional reporting by Nina Zipkin

Image credit: Joe McNally | Getty Images

1. Gates developed his first computer software program at 13 years old.

After spending a few years in public school, Gates later attended the Lakeside School, a private preparatory school in Seattle. It was there that Gates discovered his passion for computer programming and met Paul Allen, who became his close friend and later Microsoft co-founder. He also developed his first computer software program at age 13. Using BASIC computer language, the program was a tic-tac-toe game in which players could compete against the computer.

2. Gates fixed his high school’s class scheduling software so he was in all-girls classes.

The Lakeside School recruited Gates to help code its class scheduling system. Gates took advantage of his new task and his coding abilities, and he and his long-time pal and later Microsoft co-founder Paul Allen tweaked the school’s scheduling software and placed Gates in all-girls classes.

“Paul did the computer scheduling with me. Unfortunately for him he was two years ahead of me and he was off to college by then. So I was the one who benefited by being able to have the nice girls at least sit near me,” Gates shared with BBC.

Image credit: Bruce Glikas

3. Gates and Allen formed a business partnership before Microsoft.

From the moment they met in middle school, Gates and Allen became friends — likely because of their common interest in computer programming. While in school, the two formed a company called Traf-O-Data. They put together a small computer based on an Intel 8008 chip that measured and analyzed traffic data for the Washington state highway department. Gates and Allen made about $20,000 from the venture, but it slowly dissolved as Allen went on to work for Honeywell in Boston and Gates enrolled at Harvard.

4. He almost had a perfect SAT score.

It’s hardly shocking that the genius got a near-perfect score on his SATs. Gates scored a 1590 out of 1600 on the college entrance exams.

5. Gates originally studied law in college.

In 1973, Gates began studying pre-law at Harvard University, planning to follow in the footsteps of his lawyer father. Although by his sophomore year, Gates’s plans changed and he began taking some of the school’s most rigorous math and science courses. Then, two years into his Harvard career, Gates dropped out to pursue Microsoft.

6. Gates was arrested twice for his driving.

In 1975, in his Porsche 911, 19-year-old Gates was arrested for speeding and driving without a license. But he didn’t learn his lesson — two years later, Gates was arrested again in Albuquerque, N.M., for another traffic violation and for driving without his license.

There’s speculation that the generic user icon in Microsoft Outlook 10 is actually a silhouette of Gates’s mugshot.

7. His wife, Melinda, used to work for him.

After graduating from Duke University in 1986, Melinda Gates landed her first job at a startup — Microsoft.

“I just thought, ‘Oh my gosh. I have to work at this company. They are changing the world. And if I get an offer, there’s no way I’m not going to take it,’ ” Melinda told CBS News.

Melinda scored the job, and shortly into her time working there, she made a great impression on the boss.

Related: Warren Buffett and Bill Gates’s Top Secret to Success

“I met her at a New York City sales meeting,” Bill told CBS. “And then it was only a week or so after that, that I went up to her in the parking lot and asked if she wanted to go out.”

Image credit: Bloomberg | Getty Images

8. He was once the youngest billionaire ever.

Gates made his first billion in 1987 at the age of 31, making him the youngest billionaire ever at that time.  

9. On his wedding day, he rented out every room at the hotel.

To ensure privacy, Gates rented out all 250 rooms at the Manele Bay Hotel in Lanai, Hawaii, where his wedding party was staying. At the time (1994), Gates was the second-richest person in America. Taking an extra precaution to keep the media and paparazzi from flying overhead, Gates reportedly hired all of the helicopters on Maui, too.

10. He used to memorize his employees’s license plate numbers to keep tabs on them.

You’d think a simple punch card or check-in system might suffice — not for Gates. Gates memorized the license plates of his employees so he would know when they arrived at and left work.

“I knew everyone’s license plate, so I could look out in the parking lot and see when did people come in, when were they leaving. Eventually I had to loosen up, as the company got to a reasonable size,” he revealed in an interview with BBC Radio 4’s Desert Island Discs program.

11. Gates bought Leonardo da Vinci’s Codex Leicester manuscript for $30.8 million.

Besides his private plane, Gates’s other big splurge was Leonardo da Vinci’s Codex Leicester manuscript, which dates back to the 16th century. In a 1994 auction, Gates won the manuscript for $30.8 million, making it the most expensive book in the world. Gates sometimes puts the book on loan to museums.

12. In 1995, Gates became the richest man in the world.

In July 1995, at 39 years old, Gates became the richest man in the world with a fortune of $12.9 billion. He has since lost that title a few times, but he held the top spot on the Forbes World’s Billionaires real-time ranking in March 2017.

13. He got pied in the face during a trip to Brussels.

During a 1998 trip to Brussels, Belgium, Gates was on his way into a meeting with more than 400 Belgian educators, business leaders and government officials. Upon entering the building, Gates was struck in the face with a pie. After the incident, Belgian prankster and personality Noel Godin took responsibility for the prank, and Gates didn’t press charges.

“The pie wasn’t even that good,” a Microsoft spokesperson reported Gates as saying.

Image credit: Bloomberg | Getty Images

14. Bill and Melinda Gates run the largest private foundation in the world.

The couple launched the Bill and Melinda Gates Foundation in 2000. With donations from major investors, public figures and celebrities such as Warren Buffett, Hillary Clinton, Madeleine Albright, Jack Nicklaus and Big Sean, it has become the largest private foundation in the world. In 2015, it reported a $39.6 billion trust endowment.

15. He was knighted by the Queen.

In 2005, Gates received an honorary knighthood from Queen Elizabeth of England for his charitable work and achievements in technology. Gates and his wife, Melinda, met the Queen and the Duke of Edinburgh at Buckingham Palace for the ceremony, during which he received his “KBE” title — Knight Commander of the Order of the British Empire. Gates is unable to be referred to as “Sir” because he is not a British citizen.

16. The number-one thing on his bucket list is not dying.

In 2013, Gates held an Ask Me Anything (AMA) session on Reddit. During the session, Gates was asked if he had anything left on his bucket list. His response? “Don’t die…”

Related: How Bill Gates Became a Leadership Legend

17. His bedtime routine involves reading … and washing the dishes.

Even the richest man in the world makes time to complete his house chores. In a 2014 Reddit AMA, Gates shared that he washes his family’s dirty dishes every night. He even finds the task enjoyable. “Other people volunteer but I like the way I do it,” he said.

In addition to washing the dishes, another part of Gates’s bedtime routine involves reading for an hour. Even if it’s late into the night, he makes sure to get in a solid 60 minutes before bed, because for him, “It’s part of falling asleep,” he once told The Seattle Times.

18. If he could have a superpower, it would be “more energy.”

In their 2016 annual letter, Bill and Melinda shared the superpowers they wished they could have. The first things to come to mind for the average person might be x-ray vision, invisibility or time travel — but Melinda and Bill said they wanted more time and more energy.

Bill said he wished for more energy, explaining that many people underestimate the importance of energy access — from turning on a light switch to pressing the power button on a laptop. “Without access to energy, the poor are stuck in the dark, denied all of these benefits and opportunities that come with power.”

19. Bill and Melinda Gates’s favorite number is 122 million.

In their 2017 annual letter to Warren Buffett, who donated a chunk of his fortune to the Bill and Melinda Gates Foundation, the couple wrote that 122 million is their favorite number. It is the number of children’s lives that have been saved since 1990 as the mortality rate has declined.

Image credit: Matthew Stockman | Getty Images

20. To disguise himself, Gates wears a hat.

To ward off any unwanted attention, Gates resorts to an old-school tactic — wearing a hat. During a 2017 Reddit AMA, Gates was asked if he ever disguises himself in public.

“I sometimes wear a hat,” Gates wrote. “For example when I did college tours with my son I wanted the focus to be totally on him. A lot less people recognize me when I have a hat on or else they realize I am trying to be incognito.”

21. Bill and Melinda Gates are giving $10 million to each of their kids.

As of March 2017, Forbes reports Bill Gates’s net worth to be $86.6 billion. That’s why it comes as a surprise that he and Melinda are planning to give only $10 million to each of their three kids. It’s a massive figure to most of us, but it’s pocket change for this billionaire. Most of the Gates’s fortune will go to charitable foundations, including their own Bill and Melinda Gates Foundation.

22. He doesn’t do his own grocery shopping

During a visit to the Ellen Show, host Ellen DeGeneres put Gates through his paces to see if the billionaire, who by all rights is very knowledgeable about the state of the world, could guess the prices of everyday grocery items. When was the last time the Microsoft founder set foot in a store to do his own shopping? “Long time ago,” he admitted. Spoiler alert: He very sort of passed the test, with a little help from the audience.

23. He typically doesn’t do big purchases, with one exception.

In an interview with Ellen DeGeneres, Gates shared that even after he became a billionaire, he always erred on the side of caution. “I always wanted to have enough money in the bank so that even if our customers didn’t pay us for a year, we could still keep paying everybody and do the R&D,” he said. While Gates confessed to not having particularly extravagant tastes, he said that he has used his fortune for some transportation-related purchases — a porsche in the early years and a plane for Gates Foundation travel. But there is one whimsical exception to the rule. “We have a trampoline room in our house. The kids like that. Indoor trampolines. I recommend it,” Gates said. “It’s a room with a very high ceiling.”

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Your Competitive Advantage Is Not Your Product — It's Your Story

February 21, 2018 by Asif Nazeer Leave a Comment

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Customers aren’t loyal to a product. They’re loyal to what’s behind the product.



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Franchise Takes a Unique Approach to Dog Training – Small Business Trends

February 21, 2018 by Asif Nazeer Leave a Comment

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The pet industry is booming. But it’s not all about boutique grooming products or homemade treats. Service businesses like Zoom Room are also appealing to pet owners.

The company takes a unique approach to dog training, focusing on training with dog owners and also giving the animals a place to exercise and socialize. You can read more about the business in this week’s Small Business Spotlight.

What the Business Does

Provides dog training services that focus on helping dog owners.

Mark Van Wye, CEO of Zoom Room told Small Business Trends, “Zoom Room is a national indoor dog gym and training facility with the moto, “We don’t train dogs, we train the people who love them.” Zoom Room focuses on providing curriculum that deepens the bond between dogs and their owners. This allows the owners to fully understand their dogs’ behaviors and creates a distinctly social atmosphere at Zoom Room. Zoom Room also has philosophy to train dogs using only positive reinforcement. This is not only the most effective and humane means of dog training, but it’s also something every dog owner can do.”

Business Niche

Involving the owner in every step of the process.

Van Wye says, “Unlike other dog training facilities, Zoom Room is climate controlled and owners are required to be with their dogs at all times, which plays into Zoom Room’s mission to deepen the bond between dog and owner. Zoom Room also features cutting-edge curriculum not seen anywhere else. In addition to being experts in dog agility – which can be taught to any dog, no matter its size, age, breed or experience – Zoom Room also offers specialty classes including Shy Dog, Calm Down!, Pup-lates®, Scent Tracking, Urban Herding, Flyball, Rally Obedience and more.”

How the Business Got Started

Because of a gap in the market.

Van Wye explains, “Zoom Room was created because there was no indoor space for owners to train with their dogs and there was a lack of quality dog training curriculum outside of the traditional obedience training. We wanted to create a unique place where dog owners could come and play, train and exercise with their dog, while socializing with other like-minded dog lovers.”

Spotlight: Dog Training Company Zoom Room Takes a Unique Approach to Dog Training

Biggest Win

Securing investments for franchise growth.

Van Wye says, “One of our biggest wins in Zoom Room’s history would have to be the recent investments we’ve secured with experienced franchise investors to spur the franchise growth of our brand around the country. We’re confident Zoom Room would become the epicenter of any dog-loving community and with the pet industry expected to top $96B in sales by 2020, we feel there’s no better time than now to expand the brand.”

Biggest Risk

Increasing retail offerings.

Van Wye explains, “When we began, our focus was almost 100% on the training and socialization services we offered, and the only retail products we carried were minimal and meant to enhance the training. Even though it seemed that consumers had countless options for purchasing pet retail at big box stores, boutiques, and online retailers, we took the risk of slightly increasing the footprint of our stores and dramatically increasing the amount of retail products we offered. It was a gamble because the investment was significant, and there was no guarantee that we could compete with all the other well-established options. But our conviction was that we could differentiate by carrying a curated line of solution-oriented products, almost all American-made, with all-natural treats, eco-friendly toys and puzzles, and truly the best in class across all product categories. We knew that clients whose dogs we had just trained would deeply trust our recommendations of the best stuff for their dogs. And the gamble paid off. Retail product sales now account for as much as 40% of gross revenue at our stores. We haven’t looked back.”

Lesson Learned

Find the right franchisees.

Van Wye says, “In our early days, we were so excited to get the Zoom Room concept launched across the U.S. that we didn’t do enough due diligence into the financial wherewithal of those applying to become franchisees. We didn’t verify their amount of available liquid capital to ensure that it was sufficient for launching and growing a business. As a result, we saw some stores close because the owners, from the outset, were unable to properly stock, staff or market their locations. If we could do it all over again, we would have asked the hard questions at the beginning, and worked with a great partner like Benetrends. These days, we partner with them – experts in the field – to diligently qualify our candidates as well as to assist them in securing all necessary funding to make their business a success.”

Spotlight: Dog Training Company Zoom Room Takes a Unique Approach to Dog Training

How They’d Spend an Extra $100,000

Spreading the word to potential franchisees.

Van Wye says, “We would use 100% of it toward marketing, advertising and PR. After the investment we received in the late summer of 2017, and all of the profound improvements we’ve since made to our infrastructure, we now have the bandwidth for limitless growth, so we’d earmark those funds to help us get the word out about the Zoom Room opportunity to dog-loving entrepreneurs across the U.S.”

Company Mascot

A Komondor named Clyde.

Van Wye explains, “Our Mascot almost since our inception has been Clyde Orange, a hilarious and majestic Komondor. He’s appeared in movies and commercials, like Beverly Hills Chihuahua 2 and Marmaduke, but it’s his Therapy Dog training that best defines him. He is eternally patient with the literally hundreds of people a day who stop and ask to take his picture, and with children who love to hang onto his cords. The Komondor has for centuries been a serious working dog, guarding livestock, but thanks to his training since puppyhood at the Zoom Room, Clyde can also ride a skateboard around his home in Venice, CA, or let his awesome dreadlocks fly as he runs the agility course. But most often he is just the perfectly mellow and loving family dog. Our CEO’s son learned to read by reclining against Clyde – more than twice his size – and uninhibitedly reading books like Dog Man aloud to him. (This mirrors a program we offer at the Zoom Room called Ruff Reading®, in which kids can leave fear aside by reading boldly aloud to trained therapy dogs.)”

Favorite Quote

“The time to make up your mind about people – is never.” Katharine Hepburn to Cary Grant in The Philadelphia Story

* * * * *

Find out more about the Small Biz Spotlight program

Image: …Zoom Room, Mark Van Wye


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Travel Seems Terrible, But Things Have Weirdly Gotten Better

February 20, 2018 by Asif Nazeer Leave a Comment

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It’s not all stress and hassle.



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7 Ways A Cloud Based Virtual Assistant Will Make You a Better Entrepreneur – Small Business Trends

February 20, 2018 by Asif Nazeer Leave a Comment

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Did you know that more than half of Americans want their own personal AI assistant, and why not? Having a cloud-based virtual assistant to hand your tasks off to is like a dream; your own guy or girl Friday that can handle everything from scheduling to research, project management, and even sales.

Happily, with the rise of cloud based virtual assistants, this dream is coming true. And, for entrepreneurs, there are many benefits to using one.

What is a Cloud Based Virtual Assistant?

Before we jump into the benefits however, let’s make sure we’re all on the same page as to what a cloud based virtual assistant is.

A cloud based virtual assistant is an app that understands “natural” language text or voice commands and can complete tasks on your behalf. In other words, you can talk to the app using real, everyday words. In addition, the app can live online or on a device like your smartphone.

What we’re not talking about here is a human virtual assistant. While those folks can provide many benefits of their own, they’re not part of this conversation.

Whether online or on a device, one critical feature of a cloud based virtual assistant is its ability to connect to multiple systems and sources of data. For this reason, they are “cloud-based” because they can reach into the cloud to access what they need. As you’ll see below, this is how they get work done for you.

Cloud Based Virtual Assistant Benefits

Cloud based virtual assistants help you be a better entrepreneur by taking on the tasks that can fill your time so you can focus on higher-value work like delighting your customers and finding more of them.

Here’s a look at some of the ways you can use a virtual assistant.

Onboarding Sales Leads

You can waste a lot of time with tire-kickers, folks who download your sales materials but aren’t really interested in buying anything.

Tools like Conversica help you discover your most promising sales leads by starting a conversation that eventually leads to contact with a human. Once you’ve got them on the phone, the business is yours to win.

Meeting Scheduler

One of the most time-consuming tasks is setting up a meeting. You send the invite, they say they can’t make it and off you go with that lovely game we call “let’s see if we can find a time and place to meet in under 10 emails.”

Wouldn’t it be great to hand off that whole process to someone else? Well, thanks to the rise of virtual assistants like x.ai, you can. This tool handles all the back and forth to set up meetings and all you have to do is provide some basic input at the beginning.

Now you can spend more time actually meeting rather than trying to set the meeting up.

Meeting Facilitator

Once your meeting is set up, a virtual assistant can help you make the most of your time together. This technology is still evolving, but we get an interesting peek into the future of virtual meeting assistants in the infographic below from Cisco; a future that is starting to arrive today. The future looks pretty sweet from here.

Cloud Based Virtual Assistant Benefits

Project Management Assistant

Project management is a key element of a well run business. Using project management helps assure that work gets done and delivered on time and as promised.

However, finding out what’s going on at any one moment can mean a lot of time spent running down updates and statuses.

Now you can get around that problem by using a virtual assistant like the one created by integrating Redbooth and Cisco Spark. This “virtual project management assistant” can run down questions like, “Where’s everyone with their tasks,” “How much time is left before this part of the project is done?”, and “How many hours should I bill my client this month?”

It’s nice to be able to spend your time working in your business rather than on your business, right?

On-Demand Info

Wouldn’t it be great to be able to get critical information on the fly just by asking a question? That’s exactly what Dickey’s Barbecue is starting to roll-out to their chain of franchise restaurants.

Laura Rea Dickey, CEO of the Dallas-based company, says franchisees can use an Amazon Echo to ask Alexa for “up-to-date data on daily sales, inventory levels, scheduled deliveries by suppliers, customer ratings, and even optimal smoking times.” And that’s all without leaving the kitchen.

Outside of the work area, folks can still access visual data as well.

Personal Assistant

Aside from scheduling, cloud based virtual assistants can make it feel like secretaries have come back in style. Some examples include:

  • Providing reminders so you never miss a meeting,.
  • Adding items to your to-do list,
  • Reading your email to you and even replying,
  • Making conference calls for you so you don’t have to remember to bring the number,
  • Finding flights, lodging and restaurants for you locally or when you travel,
  • Finding out the weather forecast and reporting news you’re interested in hearing.

Housekeeper

After a hard day at work, wouldn’t it be nice to come back to a comfortable home? Using cloud based connections with smart devices, a virtual assistant can make sure that the lights are on, soothing music is playing and the temperature is just right.

A well-rested and relaxed entrepreneur is an effective entrepreneur and a cloud based virtual assistant can help you enjoy your time out of the office.

Additional Resources

The links below lead to handy posts that can help you learn more and get started with a cloud based personal assistant today.

For more on how to offer AI virtual assistance as part of a larger cloud based business service, contact Meylah today.

Photo via Shutterstock

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7 Strategies You Can Use to Improve Your Memory

February 19, 2018 by Asif Nazeer Leave a Comment

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In this video, Entrepreneur Network partner Brian Tracy breaks down seven simple techniques you can use to improve your memory. Whether you just want to make sure you nail your next presentation or need to have a long-term system, these techniques can help you have the most important information in your hip pocket when you need it most. 

All of the techniques Tracy cites to improve memory are fairly simple, but many of them require dedication in order to be effective.

For example, Tracy’s first piece of advice on how to improve your memory is to over-learn the material. If you are overprepared, then even if you forget tangential points, you will have such a firm grasp on the fundamentals that you won’t need to worry about remembering. 

You can also revise your study techniques by finding ways to make the information meaningful. If it applies to you or your current circumstances, you will be more motivated to learn the material. You can also recite the material, or develop a study system that works for you. You can even start using four-color pens, and assign a specific meaning to each color. Or, if you really want to improve your memory, you could use all of these ideas together.

Click play to learn more.

Related: 6 Reasons You Might Actually Be Afraid of Success

Entrepreneur Network is a premium video network providing entertainment, education and inspiration from successful entrepreneurs and thought leaders. We provide expertise and opportunities to accelerate brand growth and effectively monetize video and audio content distributed across all digital platforms for the business genre.

EN is partnered with hundreds of top YouTube channels in the business vertical. Watch video from our network partners on demand on Amazon Fire, Roku, Apple TV and the Entrepreneur App available on iOS and Android devices.


Million Dollar Habits, 2nd Edition

Click here to become a part of this growing video network.

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2 New Tools from Vimeo Help Businesses Share Content with More Viewers – Small Business Trends

February 18, 2018 by Asif Nazeer Leave a Comment

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Two new distribution tools for social media from Vimeo will help creators streamline their workflow so they can be more efficient and reach a wider audience.

New Vimeo Social Distribution Features

Simulcast and Publish to Social bring other online channels into the Vimeo platform so creators can deliver their content without additional tools and compatibility issues. This seamless integration gives creators on Vimeo access to hundreds of millions of users on Facebook, YouTube, Twitch and Periscope.

For small businesses and creators on Vimeo, the access to more channels means using a single platform from creation to distribution. And when it comes to marketing, it will also be just as effective because of the access it offers for two of the biggest video consuming platforms, YouTube and Facebook.

Anjali Sud, CEO of Vimeo, explained the benefits of having a distribution system in a press release. He said, “As ad-supported platforms become increasingly walled off to keep content on their sites, we are building new ways to be an agnostic distribution hub, so creators don’t have to choose. Our new social distribution tools will give Vimeo creators a wider audience, deeper engagement and a fundamentally simplified distribution process.”

Simulcast

With Simulcast, you can start streaming live events from Vimeo on sites enabled with Real-Time Messaging Protocol (RTMP). This includes Facebook, YouTube, Twitch, Periscope and others. The simulcast can be streamed to multiple destinations from your website to the social pages of your audience.

2 New Vimeo Social Distribution Features Help Share Your Videos to More Viewers

One of the benefits of using a single input stream is you won’t have to use separate streams for each destination, which will save you bandwidth costs. This process and the automated archiving on Vimeo simplifies your workflow so you can manage, review and share post-event videos.

Publish to Social

As the name implies, creators can now publish their videos natively to social platforms directly from Vimeo. And the entire distribution process takes place in a single location and with just one click. This means not having to upload your video to each social media channel one at a time.

2 New Vimeo Social Distribution Features Help Share Your Videos to More Viewers

In addition to the new level of efficiency, the videos will be loaded natively to each platform. This is important because some companies favor native uploads. Once it is uploaded, you can see comparison stats for each platform with plays, likes, and comments metrics for tracking the performance of your videos.

Workflow Efficiency

As the digital presence of your small business continues to increase, you have to streamline your workflow for managing your content. The new features from Vimeo make this possible by delivering a one-stop video creation, distribution and management platform.

You can try the new features now.

Images: Vimeo


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Is Work-Life Balance Even Possible? (Infographic)

February 18, 2018 by Asif Nazeer Leave a Comment

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With email, social media and today’s technology, it can be hard to separate life inside and outside the office. Sometimes it even feels like achieving work-life balance isn’t even possible, especially if you’re working upwards of 50 hours a week.

Related: 5 Secrets to Achieving and Maintaining Work-Life Balance

A recent study by Family Living Today and Now Sourcing uncovered surprising stats about work-life balance across the country. Right now, the United States ranks 30th out of 38 countries who have positive work-life balance. Maybe that’s because, according to the research, more than 11 percent of American workers say they work 50 or more hours a week. In fact, many people (33 percent) even find themselves working weekends or holidays too. 

Related: How the Side Hustler Life Is Redefining ‘Work-Life’ Balance

While work is extremely important, so are other things, such as getting enough sleep, taking care of yourself, eating and spending time with friends and family. So, how much time do Americans spend on activities outside of the office? On average, people spend nine and a half hours a day on “personal care” and that includes everything from sleep to showering. After work and personal care, that leaves few hours in the day for people to get other things done such as eating and drinking (1.17 hours a day), caring for family members (0.52 hours) and doing even more work (3.61 hours).

Related: Adopt These 12 Habits for a Better Work-Life Balance

Some of the biggest factors impacting work-life balance are bad and overbearing bosses, too much work, inflexible schedules, bad co-workers and long commutes. Unfortunately, if people don’t get a handle on some of these things, they could be setting themselves up for challenges in the future. In the long-term, work-life imbalance can lead to higher stress levels, higher risks of heart disease and depression and anxiety.

To learn more about work-life balance, check out the infographic below.

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55 Must-Know SEO Tricks for Business Websites (Infographic)

February 17, 2018 by Asif Nazeer Leave a Comment

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For any business, it’s more important than ever to have an online presence — and that goes beyond just having a website. In order to get your company out there and traffic to your website, you’ve got to have some stellar SEO practices in place.

Related: These 9 SEO Tips Are All You’ll Ever Need to Rank in Google

While the idea might sound daunting, it’s easier than you think. But first, do some research and know exactly what’s in store when it comes to search engine optimization. According to recent research from graphic design firm Milkwhale, Google is likely your best bet when choosing which search engine to focus on. Google accounts for 81 percent of desktop search traffic worldwide, getting an average 57,000 clicks per second, 100 billion searches a month and 2 trillion searches per year. That’s a lot of opportunity.

Related: SEO Tutorial: 12 Immutable Laws For Dominating Google’s Search

Great SEO practices are incredibly important to your business because according to recent research, 89 percent of customers start their buying processes through a search engine, with as little as 20 percent actually scrolling down the search results page. That means you want your website to populate as high on the search results as possible.

SEO is not only good for getting traffic to your website, but you’ll likely get more customers into your doors and more followers on your social media accounts. Nearly three-quarters of consumers who do a local search online end up actually visiting the store if it’s within five miles of them. And when it comes to social media, sites such as Facebook help lead customers to your pages. Facebook produced 61 percent of all website visits from social sites in 2016, so it’s no wonder a majority of businesses incorporate social media in their SEO strategies.

Related: How to Pick Your First SEO Keywords

For more, check out the infographic below.

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Amazon Considering New Shipping Service, New Payment Features Announced – Small Business Trends

February 16, 2018 by Asif Nazeer Leave a Comment

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What Amazon Can Teach You About Online to Offline SuccessAmazon has already gained popularity with small businesses as a platform for selling goods to online shoppers. But the ecommerce giant is also now reportedly testing its own shipping service that could benefit third party sellers.

In addition, a couple of new payment and billing services from Xero and SoverPay could impact the way small businesses get paid. Read about these updates and more in this week’s Small Business Spotlight.

Small Business Operations

New Amazon Shipping Service Could Benefit Third-Party Sellers

Amazon (NASDAQ: AMZN) is considering a shipping service of its own. Why? Last year alone, Amazon spent $21.7 billion shipping products sold on its site to its customers. Many of those customers weren’t charged. According to several reports, Amazon is going to be rolling out Shipping with Amazon in Los Angeles.

Xero Adds Stripe ACH Bank Transfer Payments to Benefit Small Business Customers

An online accounting software firm is providing a new payment gateway to small businesses that can get them paid up to 10 days faster with smaller transaction fees. As part of the next phase of its partnership with Stripe, an online payment software company, Xero (NZE:XRO) customers will be able to accept Automated Clearing House (ACH) bank transfers.

Small Businesses Lose 500 Hours a Year Managing Freight Shipments

Managing freight shipments tends to be an afterthought for a lot of businesses that import and export goods. But the inefficiencies in this sector can lead to a lot of wasted time for small businesses. A recent survey from logistics company Freightos found that small businesses spend about 500 hours annually managing freight shipments.

SoverPay Claims to Simplify Billing Thus Getting Contractors Paid Faster

More than 70 percent of self-employed individuals have difficulty getting paid. Needless to say, invoices being paid late can have crippling effects on small businesses. SoverPay is a new online platform that aims to overcome the issue of delayed payments.

Economy

79% of Service Companies Say Competition Is Heating Up

The second annual Mavenlink State of the Services Economy report for 2018 finds almost 4 in 5 or 79 percent of service companies are facing increased competition. This rivalry is coming from new entrants who are pushing established businesses to work much harder to find new customers and keep existing ones.

Employment

Small Business Demand for Restaurant Food Workers Up 355% Over 2014

The food and hospitality industries are feeling the effects of the economic good times in the U.S. And many of the companies in these areas are small businesses. According to Indeed.com, there’s been a sharp uptick in the number of job listings at small businesses in the food and hospitality industries.

You Can Thank Us Later – 5 Things You MUST Know About Office Romance After #MeToo

More than half of all employees have engaged in a workplace romance at some point, according to a 2017 survey from Vault. So even for small businesses, romance is likely to be an issue that comes up at some point. And when it does, you should have policies in place to make sure that everyone acts appropriately and it doesn’t have a negative impact on your business.

GrubHub Ruling Good News for All Businesses Using Contractors

The judge a lawsuit against online and mobile food delivery service GrubHub has ruled Raef Lawson, who made deliveries for the company, was an independent contractor and not an employee. The Lawson v. Grubhub decision comes as several gig-economy companies grapple with the status of their employees and the associated costs of misclassification.

Retail Trends

What are the Most Purchased Items for Valentine’s Day this Year?

According to Mastercard data, spending on air and train travel has been on the increase while purchases of flowers and jewelry are on the decline in recent years Valentine’s Day. This suggests couples may be more focused on experiences rather than gifts for the holiday and small businesses, particularly those in destination locations,may want to plan accordingly.

Is the New York City Small Business Scene Really Vanishing?

The streets of New York City today look quite different than they did decades ago — or even, in some cases, just a few years ago. This is due, at least in part, to what Jeremiah Moss calls “the plight of Mom and Pop.” Moss is the author of Vanishing New York and one of the main voices behind the crowdsourced #SaveNYC movement.

Sales

Nimble Mobile 3.0 Introduced for Teams on the Go

Nimble has just released its new mobile app, Nimble Mobile 3.0. Nimble Mobile 3.0 works on the same premise as the desktop version of the platform. But instead of being tethered to your desk computer, the app goes with you wherever you or your team goes.

Small Biz Spotlight

Spotlight: Dibia DREAM Creates Business out of Teaching STEM through Sports

STEM stands for science, technology, engineering and mathematics. And the focus on these disciplines has been making a huge mark on the education world. There are also plenty of after-school programs focused on sports and recreation. But Dibia DREAM is a program — and a business — that aims to mix those two concepts to help underserved kids in a really unique way.

Small Business Loans

5 Quick Ways to Increase Your Credit Score and Secure a Small Business Loan

Anyone seeking to secure small business financing knows — or will quickly find out — how important past credit history is to the decision-making process for bank underwriters. Lenders are primarily interested in whether or not the small business borrower will be able to replay to loan with interest.

Social Media

Survey: 26% of  Small Businesses Lack Financial and Human Resources to Make Social Media Work

New data shows 26 percent of social media managers say human and financial resources are their biggest roadblocks. And by that, of course, they mean there aren’t enough of either. A total of 344 social media managers responded to the survey conducted by researchers from The Manifest, a site launched by Clutch. Human and financial resources were identified as the top challenges.

Startup

Women in Cloud Network Hopes to Empower Female Entrepreneurs in Tech

A new movement is afoot in the tech industry. A group of women in leadership roles in companies like Microsoft, Hewlett Packard Enterprise and Meylah have banded together to form the Women in Cloud network, a group dedicated to supporting women entrepreneurs and professionals in the tech space through a number of different initiatives.

Fiverr Introduces Business Tools to Track Your Projects and Purchases

The global online tasks and services marketplace Fiverr has launched a new feature, Fiverr Business Tools. The Business Tools feature is designed to help small businesses and teams who work on Fiverr manage their purchases and projects on the platform with greater transparency and efficiency.

Taxes

How Trump Tax Cuts Could Impact Your Small Business – For Real

The recent passage of a new tax bill has a lot of small businesses excited — and rightfully so. But before you go about investing a tax refund you have yet to receive or changing the structure of your business to get a more favorable rate, it can help to get some expert insights.

Technology Trends

78% of Video Content to be Screened Via Mobile Devices, Marketing Study Predicts

In the first-ever report of its kind from eMarketer, a global digital video forecast predicts 78.4 percent of viewers will use their mobile phones to watch digitally streamed content in 2018. The report says close to a quarter of the population of the world will watch video over their mobile phones in 2018.

Zoho Sites Tweak Enables Easy Customization for Small Business Websites

Small businesses looking for a DIY online presence can now have pre-built website sections that don’t skimp on customizable features like video and parallax images creating an illusion of depth. Zoho recently launched some additional features on its DIY website builder, Zoho Sites.

Amazon Polly WordPress Plugin Turns Business’s Printed Content Into Spoken Word

The launch of the Amazon Polly plug-in for WordPress is going to turn blog posts into spoken audio or podcasts. And it will do this in 47 female and male voices and 30 languages. By integrating Amazon Polly with WordPress, the technology will be available to a much wider audience – many of them small business owners.

Image: Shutterstock


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