Reflecting on his introduction to the Two Men and a Truck brand in 2012, Stephen Milne noted that he had a lot to learn. Now Milne is part of an ownership group that recently bought a location in Newport News, Va., and he is focused on growth and customer service.
Sport Clips updated its point-of-sale systems and rolled out an online check-in feature last year to give its franchisees an edge. "I feel positive about the impact that will have and how it will make the experience more convenient for our clients," said founder and CEO Gordon Logan, a member of the IFA Board of Directors.
Many restaurants are celebrating Lunar New Year with special dishes, decor and promotions. This slideshow features 14 brands that have marked the occasion, including McDonald's, which offered limited-edition red envelopes in honor of the Year of the Dog.
The Coalition to Save Local Businesses, which includes IFA, is asking the Senate to take up legislation addressing the joint-employer issue. In a letter to Senate leaders, the coalition noted that the bill would provide clarity for business owners at a time when "there are currently as many as eight different federal circuit court definitions of joint employment."
Always consider you company's "North Star" when deciding whether it makes sense to add a particular feature to your product, writes Karl Clement. Plan for the future during the development phase, but recognize that you may not need to use buzzed-about technology such as machine learning to accomplish your goals.
A startup called Aura lets consumers earn rewards in computer games for allowing the company to use their idle computing power. That computing power will be used to fuel the Aura Network, which is focused on addressing issues with blockchain technology.
Startups are challenging the traditional backward-looking approach used by the major credit bureaus with new techniques that rely on big data and machine learning. RevolutionCredit, for example, uses financial literacy quizzes and games to gather information.
Effective performance management systems should empower employees, align structure and processes, and identify measurable goals, says Betterment CEO Jon Stein. Staying flexible is crucial, as there will always be opportunities to make incremental improvements to a management system.
Holding an initial coin offering will dilute your equity in the company, even if it isn't immediately apparent how this happens, writes Eden Shochat of Aleph VC. An ICO may eliminate the possibility of performing an initial public offering at a later date, so "follow-on financing is yet another one of the areas that will need to be figured out in the token economy," he writes.