Tag: destroy

The No. 1 mistake that can destroy your business

Kevin O’Leary

Scott Mlyn | CNBC

Investor Kevin O’Leary knows firsthand the challenges entrepreneurs on Main Street are facing during the coronavirus pandemic. Many are struggling to survive to economic shutdowns and the rapid shift to the digital economy.

“Twenty percent of the small private companies in my portfolio are going to fail,” he said on CNBC’s Halftime Report. “They’re going to zero. They are restaurants. They are in sports and entertainment … I don’t want to support them anymore, and I don’t think the government should either.” 

He is referring to the Paycheck Protection Program authorized under the CARES Act launched this year to help small business owners meet payroll and keep their businesses afloat during the health crisis. The application process ended on Aug. 8. To date, PPP has provided 5.2 million loans worth $525 billion to American small businesses supporting more than 51 million jobs. Currently, talks

Read More

How Digitization Can Destroy Your Business

How Digitization Can Destroy Your Business

© Getty Images
How Digitization Can Destroy Your Business

A cautionary tale from book publishing


Load Error

I have written before about how digitization and virtualization can help reduce costs and enable your business to access talent you couldn’t reach otherwise. But digitization–like the Force in Star Wars–also has a dark side. If used by others in your market and not you, it can have some devastating effects on your business.

Let’s consider the example of book publishing.

For decades and decades, if you wanted to get a book published, you needed to work with a traditional publisher. Publishers offered authors value by providing them with production, talent, promotion, distribution, and capital.

But the power of digitization and democratization has blown apart this model and made it easier than ever for would-be

Read More

A plan by a world leader that could destroy Earth must be stopped in ‘Volcanic Winter’

Mark Rutherford’s new novel discusses issues of global warming and political intrigue

FRANKLIN, Tenn., Sept. 30, 2020 (GLOBE NEWSWIRE) — In Mark Rutherford’s new thriller “Volcanic Winter” (published by Archway Publishing), America’s power-hungry president thinks he can stop global warming through military action, but his second in command will fight to stop him as this plan could destroy Earth.

The vice president, Robert Jenkins, struggling for relevance with voters to be re-elected, takes charge of a plan to defeat climate change. Volcanic winter appears to be the answer to climate change and he becomes its champion. Then he discovers volcanic winter is the equivalent to international genocide. Meanwhile, Angus Probin, the president of the USA, detests the vice president and wants to get rid of him, but Jenkins won’t go. Probin sees volcanic winter as a way to solve the problem of climate change and give him the opportunity to

Read More

Biden’s tax plan could destroy 3M jobs, former Trump economist projects

Joe Biden’s proposal to hike taxes on corporations and wealthy Americans could dramatically shrink the nation’s economy and destroy millions of jobs, according to new projections from President Trump’s former chief economist.

The Democratic presidential candidate’s plan would increase the tax rates on capital and labor income, ultimately resulting in about 3 million fewer full-time employees and reducing the nation’s GDP by about 4% to 5%, according to a draft of a soon-to-be-published report by Casey Mulligan, who previously served as chief economist of the White House Council of Economic Advisers.

That translates into a loss of roughly $8,000 per household per year, according to the study, a copy of which was shared with FOX Business.


Read More