A company called Storelli makes equipment designed to protect soccer players from the kinds of injuries that are prevalent in the sport. Founder Claudio Storelli says a key aspect of his business' culture is that everyone is encouraged to express their disagreement in a productive manner.
Uncertainty persists regarding the new 20% deduction on pass-through income because the IRS has yet to provide guidance on the issue, writes CPA Anne Zimmerman. She discusses the issues small businesses are facing and what entrepreneurs can do to avoid trouble.
Many entrepreneurs are focused on selling their companies, but this is not necessarily the right strategy for everyone, says Derek Lidow, author of "Building on Bedrock." He describes how famous entrepreneurs such as Sam Walton and Walt Disney took a different approach to build lasting businesses.
Amazon is rolling out its try-before-you-buy service Prime Wardrobe to all of its Prime members, and that could be bad news for certain startups, writes Savannah Dowling. Several other businesses have similar models that provide clothing deliveries, she notes.
You are bound to hear "no" plenty of times as you build your company and try to attract investment, so perseverance is key, writes Eyal Lifshitz, founder of BlueVine. Venture capitalists may choose not to invest in a startup for all kinds of a reasons, including bad timing or concerns about the experience of a founding team.
Holding regular company-wide meetings can help to bring a workforce together and allow employees to share ideas with one another, writes Pamela Ayuso, co-founder of Celaque. "As each team presents, they develop more ownership over what they are doing," she notes.
Staying focused during a slow spell for your business can be difficult, but it helps to think back to the spark that ignited your interest in the concept. "This is an opportunity, and if it were easy everyone would be doing it," said Chieh Huang, CEO of Boxed.
If your business never makes any mistakes, you may not be pushing the boundaries far enough, writes Steph Korey, CEO of Away. "[E]ven if you're achieving small wins every day, you aren't challenging yourself to achieve big wins that will set you apart in a meaningful way," she writes.
Forty-two trade associations have banded together to advocate for the DRIVE-Safe Act in an effort to address a shortage of truck drivers. Among other things, the act would allow drivers under the age of 21 to participate in interstate commerce.
ABC Entertainment President Channing Dungey accepted the Lucy Award for Excellence in Television at the Women in Film Crystal + Lucy Awards last week. In her speech, Dungey spoke about the power TV has in young kids' lives. "It was important for me and for other young girls to see women on TV portrayed as strong and smart because I truly believe that if you can see it, you can be it," Dungey said. "Stories tell us who we are and what we can believe in."