Tag: Starting

The increase in the number of people starting their own businesses in the US has surged to a 13-year high



a man standing in front of a table: Alistair Berg/Getty Images


© Alistair Berg/Getty Images
Alistair Berg/Getty Images

  • The increase in applications for new businesses in the US hit a 13-year high, according to an analysis of US Census Bureau data from the Wall Street Journal.
  • Applications have increased as a result of small businesses across the country being forced to close their doors, both in-person and virtually, as a result of the coronavirus pandemic, according to the report.
  • Launching and growing a startup is risky, and roughly 50% survive their first 5 years, according to the US Small Business Association.
  • Visit Business Insider’s homepage for more stories.

There was a record increase in applications for new businesses in the US in the last year.

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New applications for an employer ID in the US “reached 1.1 million through mid-September, a 12% increase over the same period last year and the most since 2007,” according to an analysis of US

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SetSchedule CEO, Roy Dekel’s Take on Starting Up During the Shutdown

Starting a business is a test of grit, cunning, and faith. Starting a business during a pandemic is borderline masochism. In an economic landscape fraught with instability and unknowns, startups and small businesses are facing uniquely challenging circumstances that require innovation, focus, and flexibility in order to survive. These visionaries and risk-takers must problem-solve their way to success, and during a pandemic, there is no shortage of problems.

Roy Dekel, CEO of SetSchedule, is a leader and trailblazer in the technology and real estate sector. In 2014, Dekel and co-founder Udi Dorner created a way to disrupt two industries by building a software that eclipsed the competition and continues to innovate in both industries.

Today, SetSchedule has handled over $1 billion in real estate transactions and has improved the home buying process for thousands of real estate agents and buyers. With over 100 employees, the company is still actively growing,

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Big Companies Are Starting to Swallow the World

The next six months could witness one of the biggest consolidations of corporate power in the United States in almost a century, yet a variety of legal and economic factors may leave the federal government unable to stop it.

The essence of the problem is that during the extended economic crisis created by the coronavirus pandemic, many large companies — and especially their stock market values — have been growing rapidly while their small business competitors have faced something of an apocalypse. More than 400,000 small businesses have already closed and millions more are at risk.

Indeed, the death of these competitors may be part of why the stock market is up so much from its low point in March. Whether the sector is technology, home building, pharmaceuticals or telecommunications, investors seem thrilled with the prospect that big companies will eventually see an expansion of demand but not face as

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6 Steps to Starting a Business Successfully During the Worst of Times


7 min read

Opinions expressed by Entrepreneur contributors are their own.


I successfully started and grew two coaching businesses during the 2008 economic recession and 2020 pandemic, respectively. Although I wish the world’s circumstances were better when I chose to start these businesses, the truth is sometimes those harsher conditions make a better business. 

How do you create and grow these brands when all warning signs are telling you to wait? I asked three other people who started or grew their companies under seemingly dire circumstances and used our collective stories to give you a six-step plan for starting a business at any time.

Take advantage of forced conditions

Although we can never control outside conditions like a pandemic or economic recession, we can choose how we respond to them. In 2008, I started my business because I needed to get out of my parents’ house after

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Google to Collect 30% Cut on In-App Purchases Starting in 2021

Taking a page out of Apple’s  (AAPL) – Get Report book, Google will begin more strictly enforcing rules that require developers to use Google’s  (GOOGL) – Get Report payment system for in-app purchases. 

Google announced the change on its Android developer blog on Monday, describing it as a clarification of Google’s existing rules on in-app purchases. Google had an existing policy requiring developers to use Google’s billing system, but the policy had been loosely enforced. 

“We’ve always required developers who distribute their apps on Play to use Google Play’s billing system if they offer in-app purchases of digital goods, and pay a service fee from a percentage of the purchase,” wrote Sameer Samat, VP of product management at Android. “We only collect a service fee if the developer charges users to download their app or they sell in-app digital items, and we think that is fair.

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3 Promising Industries for Starting a Business During the Pandemic

Entrepreneurs have seized the opportunity to start new companies in a wide variety of industries during the Covid-19 pandemic. While not all of these ventures will be successful, businesses that help alleviate some of the new challenges created by the pandemic are poised for long-term growth. Here are three industries that hold promising opportunities for entrepreneurs looking to start new businesses. 

1. Contactless Tech

One of the most significant business opportunities is directly related to one of the most widespread problems of the Covid-19 era: the risk of virus transmission in shared spaces such as retail stores. Many grocery stores and other businesses had already upgraded their point-of-sale systems to allow customers to pay using a smartphone or contactless card before the pandemic. And there’s been more interest this year in “cashierless” systems like those used at Amazon Go stores, says Laura Kennedy, senior lead retail analyst at research firm

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A national movie theater chain is rolling out a wild plan to let you rent your own private cinema, starting at $300 plus the cost of tickets



Alamo Drafthouse


© Alamo Drafthouse
Alamo Drafthouse

  • Alamo Drafthouse theaters, a national movie chain based in Texas, now offers customers the opportunity to rent out an entire theater.
  • Having an auditorium to yourself costs $150, plus a ticket for each guest and at least $150 in concessions.
  • The COVID-19 pandemic has roiled the movie theater industry, with a recent poll showing that only 22% of US adults feel comfortable going to a theater.
  • Visit Business Insider’s homepage for more stories.

In a bid to bring viewers back to cinemas, a chain of US movie theaters is now allowing customers to rent out entire theaters starting at $150. Family members and podmates can view releases like Christopher Nolan’s “Tenet” and classics like “Jaws” at Alamo Drafthouse theaters, without worrying about contracting COVID-19 from a stranger two seats over.

The private theater program has shown early promise. After being piloted in Texas, the company

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Facebook Is Starting To Get Liked Again After a Brutal Sell-Off

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Shares of Facebook (NASDAQ:FB) are finally rebounding yesterday as shares neared major support. Facebook stock had fallen in seven of the previous eight days as investors elected to take risk off the table.

Source: Wachiwit / Shutterstock.com

FB is now back to levels last seen before releasing the company’s latest solid earnings report in late July.

The previous buying in Facebook may have gotten a little overextended, with shares reaching overbought levels as it traded at all-time highs.  In a similar fashion, the selling has now reached an extreme as well. Look for the Facebook stock to regain some lost momentum over the near term.

Facebook reported earnings on July 30 and beat handily on both the top and bottom line. EPS came in at $1.80 per share, well above analyst estimates of $1.40. Revenues also were a

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Neiman Marcus, fresh out of bankruptcy, is starting a new round of staff cuts

Neiman Marcus is exiting its bankruptcy with a smaller workforce.

Significant staff cuts at both its Neiman Marcus and Bergdorf Goodman stores have started this week. The company wouldn’t say how many people are permanently losing jobs.

“We plan to separate from selling and nonselling associates,” the Dallas-based luxury retailer said in an emailed statement. “These are difficult decisions we must make at this time, and we are so grateful for our dedicated stores associates.”

The company was able to shed $4 billion in burdensome debt as a result of its bankruptcy reorganization, but the pandemic left it a smaller business. It’s going to take a couple of years for sales to recover to its pre-pandemic level of almost $5 billion a year.

Before it filed for bankruptcy in May, Neiman Marcus had more than 14,000 employees. That’s dropped by at least a couple of thousand as the company closed

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Mullen Technologies to Begin Construction of Electric Vehicle Pilot Facility, Pre-Orders Accepted Starting Oct. 1 for its MX-05 Fully Electric SUV

Pilot facility, designed to assemble Mullen’s MX-05 fully electric SUV, is scheduled for completion by April 2021

Mullen’s fully electric SUV, the MX-05.

“Pre-orders for Mullen’s fully electric SUV MX-05 model, at a base starting price of $55,000, are available on Oct. 1, 2020, through www.mullenusa.com or at any Mullen retail location in the U.S.”
“Pre-orders for Mullen’s fully electric SUV MX-05 model, at a base starting price of $55,000, are available on Oct. 1, 2020, through www.mullenusa.com or at any Mullen retail location in the U.S.”
“Pre-orders for Mullen’s fully electric SUV MX-05 model, at a base starting price of $55,000, are available on Oct. 1, 2020, through www.mullenusa.com or at any Mullen retail location in the U.S.”

Mullen Technologies’ pilot manufacturing facility

“Mullen Technologies’ pilot facility will be used to assemble up to 1,000 MX-05 fully electric vehicles per year and subsequently for all other upcoming models such as the MX-07 and MX-03.”
“Mullen Technologies’ pilot facility will be used to assemble up to 1,000 MX-05 fully electric vehicles per year and subsequently for all other upcoming models such as the MX-07 and MX-03.”
“Mullen Technologies’ pilot facility will be used to assemble up to 1,000 MX-05 fully electric vehicles per year and subsequently for all other upcoming models such as
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