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We may earn a commission from links on this page. Last weekend, I strapped two Garmin running watches to my wrists and raced a 10K—the top-of-the-line Forerunner 970 on one arm, and the budget-friendly Forerunner 165 Musicon the other. Whether you're toeing the line at your first 5K or chasing a marathon PR, one thing I learned is that even the most powerful running watch in the world won't help you on race day if you haven't set it up properly beforehand. Here's the checklist I wish I'd had before race day. Garmin Forerunner 970 $649.99 at Amazon $749.99 Save $100.00 Shop Now Shop Now $649.99 at Amazon $749.99 Save $100.00 How to train with a Garmin watch before a raceOnce you've registered for a race, it's time to start training. Step one: Set up a training plan in Garmin Connect. Once in the Garmin Connect app, navigate to Training & Planning > Training Plans to browse free plans for distances from 5K to marathons. Once you select a plan and sync it to your watch, daily workouts will push directly to your wrist. Beginner-friendly Garmin Coach plans are compatible with many models, including Forerunner 55, Vivoactive 5, and Venu 2/3. You start getting daily suggested workouts and more personalized, adaptive training plans with Garmin Run Coach in the more advanced watches, like the Forerunner 165 and 265. Jump up to the 570, you'll get projected race time and pace. The most advanced coaching features—like real-time stamina and endurance scores—are selling points for higher-end models, like the Forerunner 965 and 970. Before race week, take a look at your HRV Status and Training Readiness score. In theory, these metrics tell you whether your body has actually absorbed your training, or whether you've been digging yourself into a hole. HRV Status is available on the Forerunner 255 and above. Training Readiness is available on the Forerunner 265 and above, including the 955 and 970. The Forerunner 165 gives you a simpler "Body Battery" reading, which is still useful, albeit less granular. And remember to manually add your race as an event. Open Garmin Connect and go to Training & Planning > Courses, or look for the "Events" section. Add your race by entering the distance, date, and location. This does more than just mark the calendar—on supported watches, it activates a Race Calendar widget and begins surfacing a race-day countdown. If your race doesn't show up in the Garmin calendar, but it does have a published GPX or course file, you can download it and load it onto your watch via Garmin Connect. On race day, this gives you turn-by-turn navigation, elevation previews, and the ability to see exactly where you are on course (with compatible watches). Garmin Forerunner 265 Running Smartwatch (Black/Grey) $348.99 at Walmart $449.99 Save $101.00 Get Deal Get Deal $348.99 at Walmart $449.99 Save $101.00 How to set up your Garmin watch the night before your raceHere's the checklist I've cooked up after several races with several different watches: Charge your watch fully. Obvious, but easy to forget after a week of tapering distractions. Plug it in the night before so you start race morning at 100%. Confirm your data screens. Set up your race activity profile so the data fields you actually want—pace, heart rate, lap pace, distance—are front and center. Go to Settings > Activities & Apps > Running > Data Screens. Edit your screens so you're not fumbling through menus mid-race. An extra tip here: For racing, less is more. A cluttered screen with eight data fields is harder to read at race pace than two or three big numbers. Set up alerts. Pace alerts, heart rate alerts, or time alerts can keep you disciplined in the early miles. Set a minimum and maximum pace range if you tend to go out too fast, or a heart rate ceiling if you're racing by effort. Custom alert configurations are available across most Forerunner models, but heart rate zone alerts and the ability to set complex multi-condition alerts are more robust on the 265 and above. Configure auto lap. By default, Garmin watches auto-lap every mile or kilometer. For a race, decide whether you want to lap by distance, by the race's official kilometer markers, or manually. If you want to manually control your laps, which is useful for shorter races like 5Ks, turn off Auto Lap and use the lap button yourself. In the 970 exclusively, you can toggle on the "Timing Gate" option, and your watch will automatically trigger laps as you pass the predefined official course marker, in addition to showing the actual distance run. Check satellite signal. The night before, open the running activity on your watch and let it acquire a GPS signal. This helps pre-load satellite data so you get a faster lock on race morning. Set up Garmin's race day features. On higher-end models, make sure you toggle on any race-specific tools available on your watch. This might include Garmin's PacePro feature, which gives you a customized pacing plan for your race. Enter your goal time, and it will account for elevation changes and suggest a smart pacing strategy mile by mile. Another feature I plan to use during my next half-marathon is real-time stamina, available on the 970. This feature estimates how much energy you have left in the tank and projects whether your current pace is sustainable. It's a great reality check in the middle miles. How to set your Garmin watch on the morning of your raceGet a GPS lock early. Open your activity before getting into your corral. Wait for the GPS signal indicator to go solid. Don't start running until you have a clean lock, or your first splits will be inaccurate. Put on your heart rate monitor (if using one). If you race with a chest strap like the HRM-Pro Plus, strap it on and let it connect to your watch before the start. I personally don't race with one, but a chest strap will give you more accurate heart rate data when wrist-based optical sensors can struggle to keep up. Enable music (if using it). If you're racing with music, queue up your playlist before you get to the start corral. On any watch with "Music" in its name, you can store and play music directly from the watch without your phone. How to use your Garmin watch during a raceUse the lap button intentionally. Hit the lap button at official mile or kilometer markers if they don't line up with your auto-lap. This gives you splits that actually reflect the race course rather than GPS-calculated distances that can drift by several seconds per mile. Glance, don't stare. It's easy to become a data zombie mid-race. Train yourself to glance at your watch for one or two numbers—current pace and heart rate, for example—and then get your eyes back on the road. The watch should be a tool, not a distraction. Trust your training. No watch can run the race for you. At some point, put the data in the background and run on feel. The best use of a race-day watch is to keep you honest in the first half so you have something left for the finish. What to do on your Garmin watch after a raceSave and sync immediately. When you cross the finish line, let the watch record for a few extra seconds before stopping your activity. (Damn you, Strava tax!) Then sync to Garmin Connect over Bluetooth while your phone is nearby. Your race data, including splits, heart rate graph, and elevation, will all be waiting for you in the app. Review your race analysis. In Garmin Connect, pull up the race activity and review your pace curve, heart rate response, and cadence data. Look for where you faded, where you had a surge, and how your heart rate tracked to your perceived effort. This is some of the most valuable post-race coaching you can get. Whether you're wearing a $199 Forerunner 55 or the $750 Forerunner 970, working through this checklist before race day will make you a smarter, more prepared racer. The fancier watch gives you more tools—but only if you actually know how to use them. View the full article

If you’ve taken the New York City subway lately, you might’ve seen an ad that’s driving social media wild. The ad shows messages from two employees: Steve, who says he’s “not coming in today sry,” and an AI sales agent named Ava, who says she booked 12 meetings and researched 1,269 prospects. The ad’s header reads, “Fire Steve. Hire Ava.” In other words, fire humans and replace them with AI. goddamn this sucks pic.twitter.com/InMUGd0y1A — F♯A♯∞, fka ☕️ (@coopercooperco) May 7, 2026 The ad comes from AI company Artisan, which offers an AI agent to replace low-level sales representatives. The company is known for its controversial anti-human advertising—and the campaign is certainly doing its job, in the sense that everyone seems to be talking about it. But are provocative ads still worthwhile if they’re only generating hate? Social media tears the ad to shreds With a whopping 71% of Americans concerned that AI will permanently put humans out of work as of 2025, the new Artisan ad plays into a widespread anxiety. It’s a hallmark of the company’s branding: Other Artisan billboards throughout New York City and San Francisco feature messages including “Your next hire isn’t human” and “Stop hiring humans.” While the ads capture people’s attention, that attention isn’t necessarily positive, and the latest ad’s reception on social media proves it. Many social media users were quick to undermine the ad’s logic. “Anyone who’s ever hired people knows that this is actually signal to hire Steve not Ava,” one user wrote, with others agreeing in their replies. “Steve at least *tells* you when he’s not able to work,” another user commented. “Ava will just lie, hallucinate, and blow smoke up your ass.” Others argued that while AI may outdeliver on quantity, that’s no guarantee of quality. One user wrote that Ava likely “booked 12 hallucinated meetings” and is “straight up lying about researching 1,269 prospects.” “Was the research any good?” wondered another poster. “Who knows? Who cares? We have QUANTITY!” One user argued that even if provocation is the goal, it’s only contributing to growing anti-AI attitudes. An April survey from Gallup found that 31% of Gen Z says AI makes them angry, while only 22% said they were excited about the technology, a drop of 14 percentage points from the previous year. “I’ve seen people who work in AI act shocked and dismayed by the hostile and sometimes violent way people talk about them,” the user wrote. “But it really seems like they’re intentionally inviting it at this point.” Why Artisan sells itself as anti-human The negative response may look bad on paper, but according to Artisan’s CEO and co-founder Jaspar Carmichael-Jack, his company’s ads are meant to be provocative. In response to Fast Company‘s request for comment, he referenced a blog post he wrote about Artisan’s “Stop hiring humans” campaign. “It works because it’s uncomfortable,” Carmichael-Jack wrote. “The belief underneath is more careful than three words on a wall, but the three words still mean what they say: stop hiring humans for the work AI can do better, and stop pretending that work was ever good for humans in the first place.” Throughout the post, Carmichael-Jack expanded on Artisan’s AI philosophy: not to replace humans with AI across the board, but specifically in roles like cold outbound that were “never good for humans in the first place.” “On the days I think about what comes after this product, this company, this decade, I think about a world where people work less and live more,” he added. “That’s what I want the billboards to be remembered as a step toward.” View the full article

Referendum approving party’s plan to redraw congressional map is overturned by judges View the full article

When you’re considering applying for a commercial loan, comprehension of key lending criteria is essential. Lenders typically look at your credit score, business plan, and cash flow statements to evaluate your risk profile. They’ll additionally assess your existing debt obligations and the collateral you can offer. These factors notably impact your chances of approval and the terms you receive. Knowing how to present this information can make a substantial difference in your application process. So, what should you focus on next? Key Takeaways A solid business plan and credit score above 680 are essential for qualifying for commercial loans. Lenders assess cash flow statements, aiming for cash flow at least 1.25 times debt service requirements. Existing debt obligations impact loan approval; a low debt-to-income ratio increases chances for additional borrowing. Collateral, such as real estate or equipment, is crucial; it should exceed the loan amount for better terms. Personal guarantees can enhance approval chances, especially if credit history is lacking, leading to improved loan terms. Understanding Commercial Loans Grasping commercial loans is crucial for any business looking to grow or improve its operations. Comprehending what’s commercial loan countries list helps you recognize where these loans are widely utilized. Businesses across various sectors seek commercial loans for expansion, equipment investment, or enhancing operational efficiency. These loans come in different forms, including short-term, long-term, secured, and unsecured options. To qualify, you’ll need to meet commercial lending criteria, which often include a credit score above 680, a robust business plan, and financial statements that outline your historical and projected finances. For secured loans, collateral like real estate or inventory may be necessary to protect lenders. The application process can be lengthy, with approval times varying greatly based on the loan type. Familiarizing yourself with the specific terms in the term sheet is crucial for negotiating your loan effectively. Purpose of the Loan When considering a commercial loan, it’s important to grasp its primary purposes. These loans are designed to provide financial support for various business needs, ensuring you can maintain growth and stability. Here are some key purposes: Expansion: To fund initiatives like entering new markets or launching new products, which often require significant upfront investment. Capital Expenditures: To invest in crucial assets, such as upgrading technology or purchasing real estate. Operational Costs: To help cover expenses during revenue dips, ensuring your business maintains cash flow. Commercial loans come in different forms, including secured and unsecured options, allowing you to choose what best suits your financial situation. Grasping these purposes will help you make informed decisions about the type of loan that aligns with your business goals and needs. Business Cash Flow Assessment Comprehending your business’s cash flow assessment is vital, as it directly impacts your ability to secure a commercial loan. Lenders focus on your cash flow since it indicates how well you manage operating costs and meet debt obligations. Typically, you’ll need to provide a cash flow statement that details the inflows and outflows of cash over a specific period, allowing lenders to evaluate your operational efficiency and financial stability. A healthy cash flow cycle guarantees your sales revenue covers expenses, promoting growth and reinvestment. Cash flow projections are likewise important; they help lenders assess your future financial performance and the likelihood of timely loan repayments based on expected revenue and expenses. Aim to maintain a cash flow that meets at least 1.25 times your debt service requirements. This cushion helps manage unexpected expenses, confirming lenders of your repayment capability. Existing Debt Obligations When you’re applying for a commercial loan, your existing debt obligations can greatly impact your approval chances. Lenders closely examine your debt-to-income ratio, which helps them assess how much additional debt you can reasonably manage. To get a clear picture of your financial situation, you’ll need to disclose all current debts, including loans, credit lines, and other obligations. Impact on Loan Approval Existing debt obligations play a crucial role in the loan approval process, as lenders closely examine your debt-to-income ratio to gauge your capacity for managing additional debt responsibly. A high level of existing debt can hurt your creditworthiness, making it harder to secure favorable loan terms or even obtain approval. Lenders typically require detailed documentation of your existing debt, including payment history and current balances, to assess risks. To boost your loan approval chances, consider these key points: Maintain timely payments on existing debts. Work on reducing overall debt levels to improve your credit profile. Fully disclose all existing debt obligations during the application to avoid denial or unfavorable terms. Debt-to-Income Ratio Comprehending your debt-to-income (DTI) ratio is vital since it serves as a significant indicator of your financial health to lenders. This ratio measures your existing debt obligations against your income, with a standard approval threshold around 36% for commercial loans. A lower DTI ratio signifies a stronger financial position, showing lenders you can manage your debts without being over-leveraged. Typically, lenders prefer a DTI ratio below 30% for favorable loan terms, indicating you have enough income to handle additional debt. Your existing debts, including personal loans and credit cards, factor into this calculation. Maintaining a healthy DTI ratio is important for securing commercial loans, as it helps lenders assess the risk of extending credit to you. Types of Existing Debt Comprehension of the different types of existing debt is essential for any business seeking commercial loans. Lenders evaluate your total debt load and payment history when appraising risk. Here are key types of debt you should be aware of: Outstanding Loans: These include term loans taken for specific purposes, such as equipment purchases. Lines of Credit: Revolving credit options that allow you to borrow as needed, often used for cash flow management. Secured Debts: Loans backed by collateral, which can limit your borrowing capacity because of existing liens. Maintaining a strong payment history on these obligations is imperative for enhancing your credit profile. Transparency during the application process cultivates lender trust and can improve your chances of securing favorable financing terms. Available Collateral Available collateral plays a vital role in the commercial lending process, influencing both loan approval and the terms you might receive. Lenders typically require real estate, inventory, or equipment as security against the loan amount, which means the value of your collateral must often exceed the loan amount. This requirement provides a safety net for lenders in case you default. Secured loans usually offer lower interest rates compared to unsecured loans as collateral reduces the lender’s risk. Lenders assess the market value and liquidity of your collateral to determine its adequacy, which can influence your borrowing limits. If you lack sufficient collateral, you might face higher interest rates or be limited to unsecured loan options, which often come with stricter qualification criteria. Comprehending these aspects of available collateral is imperative for steering your borrowing options effectively. Importance of Documentation When applying for a commercial loan, proper documentation is a key factor that can considerably impact your chances of approval. Lenders typically require at least two years of financial records, including profit and loss statements and tax returns, to evaluate your business’s viability. A strong credit history, ideally above 680, is also crucial for favorable loan terms. To improve your application, make sure to include: A detailed business plan outlining your model, mission, and financial projections Consistent income verification through Business Activity Statements (BAS) or bank statements Accurate and complete documentation to avoid processing delays Personal Guarantees and Their Impact Personal guarantees play a vital role in the commercial lending process, especially for startups and businesses with limited credit histories. When you provide a personal guarantee, you commit to repaying the loan if your business defaults, which helps mitigate risk for lenders. This commitment can greatly boost your chances of loan approval, particularly when your credit history is lacking. Lenders often require personal guarantees for larger loan amounts or when collateral isn’t enough to secure the loan, evaluating your personal credit score and financial stability in the process. A personal guarantee can lead to better loan terms, such as lower interest rates and higher borrowing limits, showcasing your dedication to your business’s success. Nevertheless, it’s important to understand that personal guarantees put your personal assets at risk; if your business fails to meet repayment obligations, lenders can pursue those assets to recover their funds. Local Decision-Makers: Their Role in the Process Local decision-makers play an essential role in the commercial lending process by possessing the authority to assess and approve loan applications based on their comprehension of the regional market. Their insights into local businesses allow them to tailor loan terms that reflect unique circumstances, which can considerably influence approval rates. Decision-Making Authority Structure In commercial lending, decision-making authority often rests with individuals who possess a deep comprehension of the regional business environment, which allows them to tailor loan terms to better suit client needs. Local decision-makers understand local economic conditions and industry trends, providing insights that can influence loan approvals. By working closely with these individuals, you can experience quicker response times in loan processing, as they can expedite evaluations without the delays found in larger institutions. Building personal relationships with local decision-makers improves communication and trust, making it easier for you to navigate the lending process. They can adjust lending criteria based on your unique circumstances. Their local knowledge allows for more personalized financing solutions. They typically offer faster application evaluations. Influence on Loan Terms Comprehending how decision-makers influence loan terms can greatly impact your borrowing experience. Local decision-makers understand the regional business environment and economic conditions, allowing them to create customized loan terms. They often approve loans quickly—usually within two weeks—making them more responsive than national Bank of America. By engaging with these local lenders, you can share your unique business story and operational successes, potentially improving both approval chances and loan terms. Local decision-makers are typically more flexible and willing to negotiate, as they aim to cultivate long-term relationships within the community. Leveraging their insights can lead to more favorable interest rates and repayment structures, eventually making your borrowing experience smoother and more advantageous. Key Financial Metrics to Present When seeking commercial lending, it’s crucial to present key financial metrics that provide a clear picture of your business’s financial health. Lenders will look for specific documents and ratios to assess your viability and risk. Profit and Loss Statement: Highlight revenue, expenses, and net income over the past years to showcase operational efficiency. Balance Sheet: Provide a detailed snapshot of assets, liabilities, and equity, giving lenders insight into your financial position. Cash Flow Statement: Illustrate cash inflows and outflows to demonstrate your ability to manage costs and meet debt obligations. Also, include key financial ratios like the debt-to-equity ratio and current ratio to assess leverage and short-term health. Finally, prepare a three to five-year financial projection to outline expected revenue growth and expense management, helping lenders gauge future profitability and sustainability. The Value of a Strong Business Plan A strong business plan is crucial for securing commercial loans, as it clearly outlines your financial projections and operational strategy. Lenders look for detailed analyses that demonstrate your business’s potential for growth and sustainability. When you present a solid plan, it not only enhances your chances of loan approval but likewise reflects your commitment to managing costs and achieving long-term success. Financial Projections Importance Grasping the importance of financial projections in a strong business plan is crucial for anyone seeking commercial lending. These projections give lenders valuable insights into your expected revenue, expenses, and profitability over the next 3-5 years. A well-prepared projection not merely showcases your business’s growth potential but also supports your case for securing a loan. Detailed cash flow forecasts help assess your ability to meet operating costs and repayments. Including assumptions and justifications boosts your credibility. A strong business plan with solid projections can greatly improve your chances of loan approval, especially if you’re seeking funding above 80% of property value. Understanding these factors can make a considerable difference in your lending experience. Clear Operational Strategy Having a clear operational strategy is essential for crafting a strong business plan that resonates with lenders. This strategy outlines your business model, mission, and market analysis as well as including detailed financial statements like balance sheets and cash flow projections. By doing so, you help lenders assess both your historical performance and future sustainability. Effective cash flow management should likewise be highlighted, as it reassures lenders of your ability to meet debt obligations and operational costs. Research shows that businesses with thorough plans are 16% more likely to secure funding. Furthermore, presenting a compelling narrative that connects past successes to current goals can improve your credibility, finally strengthening your loan application and making it more appealing to lenders. Credit History and Its Influence With regard to securing a commercial loan, your credit history plays a pivotal role in determining your eligibility and the terms you receive. A strong credit history, typically a score above 680, signals financial responsibility to lenders, making you more likely to secure favorable loan terms. Lenders assess various factors, including your past payment behavior, credit utilization rates, and the length of your credit history, to evaluate the likelihood of timely repayment. Consider the following aspects of your credit history: Higher credit scores usually lead to lower interest rates and better loan conditions. A poor credit history can result in higher interest rates, stricter terms, or outright denial from traditional lenders. Small businesses often depend on personal credit scores if they lack a robust business credit history. Maintaining good credit is crucial for improving your chances of receiving favorable lending options. Industry-Specific Considerations When seeking a commercial loan, awareness of the unique lending considerations for your industry can greatly impact your success. The type of industry you’re in markedly influences loan terms and conditions. Lenders often favor sectors like healthcare and technology, which demonstrate stable cash flow and growth potential. Conversely, industries perceived as higher risk—such as hospitality or startups—might face stricter eligibility criteria and higher interest rates owing to their volatility. Lenders likewise assess the economic outlook of specific industries; those considered recession-resistant may secure more favorable terms. Moreover, regulatory and compliance standards can affect the loan approval process, requiring extra documentation. Your industry experience and operational history play vital roles in lender evaluations, as businesses with a proven track record are more likely to receive favorable lending conditions. Grasping these factors can boost your chances of obtaining the financing you need. Tailoring Your Application for Success To achieve success in your commercial loan application, it’s vital to tailor your submission to meet the specific requirements of lenders. A compelling business plan is important, detailing your business model, market analysis, and financial projections to show viability. Organizing key financial documents can streamline the application process. Aim for a strong credit score, ideally above 680, as this greatly improves loan eligibility. Here are a few key points to keep in mind: Include personal guarantees to reflect your commitment to the business’s success. Align your application with specific lender criteria to reassure them of your business’s capability. Demonstrate effective cash flow management to show lenders you can meet repayment obligations. Engaging With a Lending Expert Maneuvering the commercial lending terrain can be challenging, but working with a lending expert can simplify the process considerably. These professionals help you navigate the intricacies of various loan types, including full doc, low doc, and no doc loans, customized to different borrower needs. By evaluating your unique financial situation, they identify the most suitable loan type and potentially maximize your borrowing limits, which may exceed 80% of property value for small business owners. With their deep market insights, lending experts provide valuable information on current lender appetites, greatly impacting your borrowing limits and approval chances. They additionally assist in preparing a thorough loan application, ensuring that all necessary documentation, like financial statements and business plans, is well-organized. Furthermore, utilizing a lending expert’s services can help you leverage lender promotions, possibly securing better interest rates or waived fees, ultimately improving your loan terms. Frequently Asked Questions What Are the Three Cs of Commercial Lending? The three Cs of commercial lending are Character, Capacity, and Capital. Character assesses your credit history and reputation; a solid credit score boosts your approval chances. Capacity evaluates your business’s cash flow and financial statements, ensuring you can meet operating costs and debt obligations. Finally, Capital reflects your financial investment in the business, including equity and collateral, demonstrating commitment and reducing the lender’s risk. Comprehending these factors can greatly improve your loan prospects. What Are the 4 Cs of Commercial Lending? The 4 Cs of commercial lending are Character, Capacity, Capital, and Collateral. Character assesses your credit history and reputation, with a strong credit score being ideal. Capacity evaluates your ability to repay the loan, focusing on cash flow and consistent revenue. Capital reflects your investment in the business, showing your commitment. Finally, Collateral involves assets you pledge against the loan, providing security for lenders in case you can’t meet repayment obligations. What Are the 5 Cs of Commercial Lending? In commercial lending, the five Cs are essential for lenders evaluating your application. They include Character, which evaluates your credit history; Capacity, focusing on your ability to repay; Capital, reflecting your personal investment; Collateral, which secures the loan with assets; and Conditions, considering the economic environment and loan terms. Each element contributes to the lender’s comprehension of your financial reliability and the overall risk of the loan. What to Know About Commercial Lending? When you’re exploring commercial lending, it’s essential to understand your credit history, as a score above 680 can greatly impact your loan terms. Lenders often require two years of financial statements to evaluate your business’s performance. Depending on the loan type, you may need collateral, like real estate. Know that the application process can take 3 to 8 weeks, whereas some loans can be processed in just 72 hours for urgent needs. Conclusion In conclusion, grasping key commercial lending criteria is crucial for securing financing. Focus on maintaining a strong credit score, preparing a detailed business plan, and showcasing solid cash flow to meet lender expectations. Be mindful of existing debt and leverage available collateral to improve your application. Each industry may have unique requirements, so tailor your approach accordingly. Engaging with a lending expert can provide additional insights, enhancing your chances of obtaining the necessary funding for your business. Image via Google Gemini and ArtSmart This article, "Key Commercial Lending Criteria to Know" was first published on Small Business Trends View the full article

When you’re considering applying for a commercial loan, comprehension of key lending criteria is essential. Lenders typically look at your credit score, business plan, and cash flow statements to evaluate your risk profile. They’ll additionally assess your existing debt obligations and the collateral you can offer. These factors notably impact your chances of approval and the terms you receive. Knowing how to present this information can make a substantial difference in your application process. So, what should you focus on next? Key Takeaways A solid business plan and credit score above 680 are essential for qualifying for commercial loans. Lenders assess cash flow statements, aiming for cash flow at least 1.25 times debt service requirements. Existing debt obligations impact loan approval; a low debt-to-income ratio increases chances for additional borrowing. Collateral, such as real estate or equipment, is crucial; it should exceed the loan amount for better terms. Personal guarantees can enhance approval chances, especially if credit history is lacking, leading to improved loan terms. Understanding Commercial Loans Grasping commercial loans is crucial for any business looking to grow or improve its operations. Comprehending what’s commercial loan countries list helps you recognize where these loans are widely utilized. Businesses across various sectors seek commercial loans for expansion, equipment investment, or enhancing operational efficiency. These loans come in different forms, including short-term, long-term, secured, and unsecured options. To qualify, you’ll need to meet commercial lending criteria, which often include a credit score above 680, a robust business plan, and financial statements that outline your historical and projected finances. For secured loans, collateral like real estate or inventory may be necessary to protect lenders. The application process can be lengthy, with approval times varying greatly based on the loan type. Familiarizing yourself with the specific terms in the term sheet is crucial for negotiating your loan effectively. Purpose of the Loan When considering a commercial loan, it’s important to grasp its primary purposes. These loans are designed to provide financial support for various business needs, ensuring you can maintain growth and stability. Here are some key purposes: Expansion: To fund initiatives like entering new markets or launching new products, which often require significant upfront investment. Capital Expenditures: To invest in crucial assets, such as upgrading technology or purchasing real estate. Operational Costs: To help cover expenses during revenue dips, ensuring your business maintains cash flow. Commercial loans come in different forms, including secured and unsecured options, allowing you to choose what best suits your financial situation. Grasping these purposes will help you make informed decisions about the type of loan that aligns with your business goals and needs. Business Cash Flow Assessment Comprehending your business’s cash flow assessment is vital, as it directly impacts your ability to secure a commercial loan. Lenders focus on your cash flow since it indicates how well you manage operating costs and meet debt obligations. Typically, you’ll need to provide a cash flow statement that details the inflows and outflows of cash over a specific period, allowing lenders to evaluate your operational efficiency and financial stability. A healthy cash flow cycle guarantees your sales revenue covers expenses, promoting growth and reinvestment. Cash flow projections are likewise important; they help lenders assess your future financial performance and the likelihood of timely loan repayments based on expected revenue and expenses. Aim to maintain a cash flow that meets at least 1.25 times your debt service requirements. This cushion helps manage unexpected expenses, confirming lenders of your repayment capability. Existing Debt Obligations When you’re applying for a commercial loan, your existing debt obligations can greatly impact your approval chances. Lenders closely examine your debt-to-income ratio, which helps them assess how much additional debt you can reasonably manage. To get a clear picture of your financial situation, you’ll need to disclose all current debts, including loans, credit lines, and other obligations. Impact on Loan Approval Existing debt obligations play a crucial role in the loan approval process, as lenders closely examine your debt-to-income ratio to gauge your capacity for managing additional debt responsibly. A high level of existing debt can hurt your creditworthiness, making it harder to secure favorable loan terms or even obtain approval. Lenders typically require detailed documentation of your existing debt, including payment history and current balances, to assess risks. To boost your loan approval chances, consider these key points: Maintain timely payments on existing debts. Work on reducing overall debt levels to improve your credit profile. Fully disclose all existing debt obligations during the application to avoid denial or unfavorable terms. Debt-to-Income Ratio Comprehending your debt-to-income (DTI) ratio is vital since it serves as a significant indicator of your financial health to lenders. This ratio measures your existing debt obligations against your income, with a standard approval threshold around 36% for commercial loans. A lower DTI ratio signifies a stronger financial position, showing lenders you can manage your debts without being over-leveraged. Typically, lenders prefer a DTI ratio below 30% for favorable loan terms, indicating you have enough income to handle additional debt. Your existing debts, including personal loans and credit cards, factor into this calculation. Maintaining a healthy DTI ratio is important for securing commercial loans, as it helps lenders assess the risk of extending credit to you. Types of Existing Debt Comprehension of the different types of existing debt is essential for any business seeking commercial loans. Lenders evaluate your total debt load and payment history when appraising risk. Here are key types of debt you should be aware of: Outstanding Loans: These include term loans taken for specific purposes, such as equipment purchases. Lines of Credit: Revolving credit options that allow you to borrow as needed, often used for cash flow management. Secured Debts: Loans backed by collateral, which can limit your borrowing capacity because of existing liens. Maintaining a strong payment history on these obligations is imperative for enhancing your credit profile. Transparency during the application process cultivates lender trust and can improve your chances of securing favorable financing terms. Available Collateral Available collateral plays a vital role in the commercial lending process, influencing both loan approval and the terms you might receive. Lenders typically require real estate, inventory, or equipment as security against the loan amount, which means the value of your collateral must often exceed the loan amount. This requirement provides a safety net for lenders in case you default. Secured loans usually offer lower interest rates compared to unsecured loans as collateral reduces the lender’s risk. Lenders assess the market value and liquidity of your collateral to determine its adequacy, which can influence your borrowing limits. If you lack sufficient collateral, you might face higher interest rates or be limited to unsecured loan options, which often come with stricter qualification criteria. Comprehending these aspects of available collateral is imperative for steering your borrowing options effectively. Importance of Documentation When applying for a commercial loan, proper documentation is a key factor that can considerably impact your chances of approval. Lenders typically require at least two years of financial records, including profit and loss statements and tax returns, to evaluate your business’s viability. A strong credit history, ideally above 680, is also crucial for favorable loan terms. To improve your application, make sure to include: A detailed business plan outlining your model, mission, and financial projections Consistent income verification through Business Activity Statements (BAS) or bank statements Accurate and complete documentation to avoid processing delays Personal Guarantees and Their Impact Personal guarantees play a vital role in the commercial lending process, especially for startups and businesses with limited credit histories. When you provide a personal guarantee, you commit to repaying the loan if your business defaults, which helps mitigate risk for lenders. This commitment can greatly boost your chances of loan approval, particularly when your credit history is lacking. Lenders often require personal guarantees for larger loan amounts or when collateral isn’t enough to secure the loan, evaluating your personal credit score and financial stability in the process. A personal guarantee can lead to better loan terms, such as lower interest rates and higher borrowing limits, showcasing your dedication to your business’s success. Nevertheless, it’s important to understand that personal guarantees put your personal assets at risk; if your business fails to meet repayment obligations, lenders can pursue those assets to recover their funds. Local Decision-Makers: Their Role in the Process Local decision-makers play an essential role in the commercial lending process by possessing the authority to assess and approve loan applications based on their comprehension of the regional market. Their insights into local businesses allow them to tailor loan terms that reflect unique circumstances, which can considerably influence approval rates. Decision-Making Authority Structure In commercial lending, decision-making authority often rests with individuals who possess a deep comprehension of the regional business environment, which allows them to tailor loan terms to better suit client needs. Local decision-makers understand local economic conditions and industry trends, providing insights that can influence loan approvals. By working closely with these individuals, you can experience quicker response times in loan processing, as they can expedite evaluations without the delays found in larger institutions. Building personal relationships with local decision-makers improves communication and trust, making it easier for you to navigate the lending process. They can adjust lending criteria based on your unique circumstances. Their local knowledge allows for more personalized financing solutions. They typically offer faster application evaluations. Influence on Loan Terms Comprehending how decision-makers influence loan terms can greatly impact your borrowing experience. Local decision-makers understand the regional business environment and economic conditions, allowing them to create customized loan terms. They often approve loans quickly—usually within two weeks—making them more responsive than national Bank of America. By engaging with these local lenders, you can share your unique business story and operational successes, potentially improving both approval chances and loan terms. Local decision-makers are typically more flexible and willing to negotiate, as they aim to cultivate long-term relationships within the community. Leveraging their insights can lead to more favorable interest rates and repayment structures, eventually making your borrowing experience smoother and more advantageous. Key Financial Metrics to Present When seeking commercial lending, it’s crucial to present key financial metrics that provide a clear picture of your business’s financial health. Lenders will look for specific documents and ratios to assess your viability and risk. Profit and Loss Statement: Highlight revenue, expenses, and net income over the past years to showcase operational efficiency. Balance Sheet: Provide a detailed snapshot of assets, liabilities, and equity, giving lenders insight into your financial position. Cash Flow Statement: Illustrate cash inflows and outflows to demonstrate your ability to manage costs and meet debt obligations. Also, include key financial ratios like the debt-to-equity ratio and current ratio to assess leverage and short-term health. Finally, prepare a three to five-year financial projection to outline expected revenue growth and expense management, helping lenders gauge future profitability and sustainability. The Value of a Strong Business Plan A strong business plan is crucial for securing commercial loans, as it clearly outlines your financial projections and operational strategy. Lenders look for detailed analyses that demonstrate your business’s potential for growth and sustainability. When you present a solid plan, it not only enhances your chances of loan approval but likewise reflects your commitment to managing costs and achieving long-term success. Financial Projections Importance Grasping the importance of financial projections in a strong business plan is crucial for anyone seeking commercial lending. These projections give lenders valuable insights into your expected revenue, expenses, and profitability over the next 3-5 years. A well-prepared projection not merely showcases your business’s growth potential but also supports your case for securing a loan. Detailed cash flow forecasts help assess your ability to meet operating costs and repayments. Including assumptions and justifications boosts your credibility. A strong business plan with solid projections can greatly improve your chances of loan approval, especially if you’re seeking funding above 80% of property value. Understanding these factors can make a considerable difference in your lending experience. Clear Operational Strategy Having a clear operational strategy is essential for crafting a strong business plan that resonates with lenders. This strategy outlines your business model, mission, and market analysis as well as including detailed financial statements like balance sheets and cash flow projections. By doing so, you help lenders assess both your historical performance and future sustainability. Effective cash flow management should likewise be highlighted, as it reassures lenders of your ability to meet debt obligations and operational costs. Research shows that businesses with thorough plans are 16% more likely to secure funding. Furthermore, presenting a compelling narrative that connects past successes to current goals can improve your credibility, finally strengthening your loan application and making it more appealing to lenders. Credit History and Its Influence With regard to securing a commercial loan, your credit history plays a pivotal role in determining your eligibility and the terms you receive. A strong credit history, typically a score above 680, signals financial responsibility to lenders, making you more likely to secure favorable loan terms. Lenders assess various factors, including your past payment behavior, credit utilization rates, and the length of your credit history, to evaluate the likelihood of timely repayment. Consider the following aspects of your credit history: Higher credit scores usually lead to lower interest rates and better loan conditions. A poor credit history can result in higher interest rates, stricter terms, or outright denial from traditional lenders. Small businesses often depend on personal credit scores if they lack a robust business credit history. Maintaining good credit is crucial for improving your chances of receiving favorable lending options. Industry-Specific Considerations When seeking a commercial loan, awareness of the unique lending considerations for your industry can greatly impact your success. The type of industry you’re in markedly influences loan terms and conditions. Lenders often favor sectors like healthcare and technology, which demonstrate stable cash flow and growth potential. Conversely, industries perceived as higher risk—such as hospitality or startups—might face stricter eligibility criteria and higher interest rates owing to their volatility. Lenders likewise assess the economic outlook of specific industries; those considered recession-resistant may secure more favorable terms. Moreover, regulatory and compliance standards can affect the loan approval process, requiring extra documentation. Your industry experience and operational history play vital roles in lender evaluations, as businesses with a proven track record are more likely to receive favorable lending conditions. Grasping these factors can boost your chances of obtaining the financing you need. Tailoring Your Application for Success To achieve success in your commercial loan application, it’s vital to tailor your submission to meet the specific requirements of lenders. A compelling business plan is important, detailing your business model, market analysis, and financial projections to show viability. Organizing key financial documents can streamline the application process. Aim for a strong credit score, ideally above 680, as this greatly improves loan eligibility. Here are a few key points to keep in mind: Include personal guarantees to reflect your commitment to the business’s success. Align your application with specific lender criteria to reassure them of your business’s capability. Demonstrate effective cash flow management to show lenders you can meet repayment obligations. Engaging With a Lending Expert Maneuvering the commercial lending terrain can be challenging, but working with a lending expert can simplify the process considerably. These professionals help you navigate the intricacies of various loan types, including full doc, low doc, and no doc loans, customized to different borrower needs. By evaluating your unique financial situation, they identify the most suitable loan type and potentially maximize your borrowing limits, which may exceed 80% of property value for small business owners. With their deep market insights, lending experts provide valuable information on current lender appetites, greatly impacting your borrowing limits and approval chances. They additionally assist in preparing a thorough loan application, ensuring that all necessary documentation, like financial statements and business plans, is well-organized. Furthermore, utilizing a lending expert’s services can help you leverage lender promotions, possibly securing better interest rates or waived fees, ultimately improving your loan terms. Frequently Asked Questions What Are the Three Cs of Commercial Lending? The three Cs of commercial lending are Character, Capacity, and Capital. Character assesses your credit history and reputation; a solid credit score boosts your approval chances. Capacity evaluates your business’s cash flow and financial statements, ensuring you can meet operating costs and debt obligations. Finally, Capital reflects your financial investment in the business, including equity and collateral, demonstrating commitment and reducing the lender’s risk. Comprehending these factors can greatly improve your loan prospects. What Are the 4 Cs of Commercial Lending? The 4 Cs of commercial lending are Character, Capacity, Capital, and Collateral. Character assesses your credit history and reputation, with a strong credit score being ideal. Capacity evaluates your ability to repay the loan, focusing on cash flow and consistent revenue. Capital reflects your investment in the business, showing your commitment. Finally, Collateral involves assets you pledge against the loan, providing security for lenders in case you can’t meet repayment obligations. What Are the 5 Cs of Commercial Lending? In commercial lending, the five Cs are essential for lenders evaluating your application. They include Character, which evaluates your credit history; Capacity, focusing on your ability to repay; Capital, reflecting your personal investment; Collateral, which secures the loan with assets; and Conditions, considering the economic environment and loan terms. Each element contributes to the lender’s comprehension of your financial reliability and the overall risk of the loan. What to Know About Commercial Lending? When you’re exploring commercial lending, it’s essential to understand your credit history, as a score above 680 can greatly impact your loan terms. Lenders often require two years of financial statements to evaluate your business’s performance. Depending on the loan type, you may need collateral, like real estate. Know that the application process can take 3 to 8 weeks, whereas some loans can be processed in just 72 hours for urgent needs. Conclusion In conclusion, grasping key commercial lending criteria is crucial for securing financing. Focus on maintaining a strong credit score, preparing a detailed business plan, and showcasing solid cash flow to meet lender expectations. Be mindful of existing debt and leverage available collateral to improve your application. Each industry may have unique requirements, so tailor your approach accordingly. Engaging with a lending expert can provide additional insights, enhancing your chances of obtaining the necessary funding for your business. Image via Google Gemini and ArtSmart This article, "Key Commercial Lending Criteria to Know" was first published on Small Business Trends View the full article

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We may earn a commission from links on this page. Netflix's conflict-heavy anthology series Beef, from creator Lee Sung Jin, just concluded its second season, which saw wealthy country club managers Oscar Isaac and Carey Mulligan go head-to-head with the help, played by Cailee Spaeny and Charles Melton. That followed up a first season involving Steven Yeun and Ali Wong in a road-rage scenario that developed to operatic levels of chaos before the run of episodes was over. All dramatic, but also funny! Nothing wrong with a little conflict, as long as it's happening to other people. Dead to Me (2019 – 2022) Christina Applegate and Linda Cardellini make for an all-time-great TV pairing in this dark, twisty comedy about a couple of women who become united in tragedy—and lies. Applegate is Jen Harding, a realtor whose husband was killed in a hit-and-run incident; she's not dealing well, and takes a bit of inspiration from Cardellini's Judy, who has maintained a cheery disposition following her fiancé Steve's death from a heart attack—easier to do, given that Steve's still secretly alive. And then we discover that Judy has a storage unit with a car that looks suspiciously like the one that killed Jen's husband—and that's all just part of the first episode. The show only gets wilder from there—like Beef, but sneakier and more passive-aggressive. Stream Dead to Me on Netflix. Dead to Me (2019 – 2022) at Netflix Learn More Learn More at Netflix The Other Black Girl (2023) Nella Rogers is an editorial assistant at the (fictional) Wagner Books, a major publisher in NYC. She's also the only Black woman working for the company, and is initially thrilled when Hazel-May McCall (Ashleigh Murray) is hired as on as a fellow editorial assistant and, well, the other Black girl. At first the quiet Nella and outspoken Hazel bond, but Nella begins receiving threatening notes, and advice from Hazel gets her in trouble. Is this a comedic show about two Black women who can't work together without conflict and competition? Or is there a deeper mystery? (It's very much the second one, FYI). Stream The Other Black Girl on Disney+ and Hulu. The Other Black Girl (2023) at Disney+ Learn More Learn More at Disney+ Bad Sisters (2022 – 2024) A pitch-perfect (and pitch-dark) comedy, the Irish import Bad Sisters picked up several well-deserved Emmy nominations in its first year. Writer and co-creator Sharon Horgan leads the cast as Eva Garvey, oldest of five sisters, including Grace (Anne-Marie Duff), who's married to John Paul, an abusive and isolating husband. When the dude winds up dead under rather suspicious circumstances, down-on-his-luck insurance investigator Tom (Brian Gleeson) starts poking his nose into things. We know the sisters definitely wanted John Paul dead, but did they actually do the deed? Tom's family business will go under if he has to pay out on the life insurance policy, so he's motivated to pin the (potential) crime on at least one of the women. Stream Bad Sisters on Apple TV. Bad Sisters (2022 – 2024) at Apple TV Learn More Learn More at Apple TV The White Lotus (2021 — ) Another darkly comic, season-long anthology series, the similarities between our subject and White Lotus grew even stronger in the second season of Beef, which finds a couple of managers of a luxury country club in an ever-escalating tiff with the help. The opening episodes of Mike White's show, meanwhile, begins with a flash forward to the rather horrible outcomes that will be faced by at least some of the holiday makers traveling to one of the title's White Lotus resorts (each season being a distinct storyline and location, with the occasional recurring character). The first season's manager, Murray Bartlett’s Armond, makes clear to the staff that the ultra-wealthy guests are little more than overgrown children, and need to be coddled as such. At these very fancy resorts, at which people have paid absurd amounts of money to be pampered, competitiveness and general toxicity ensure that everyone’s going to have a miserable time, whatever the price. Like Beef, The White Lotus attracts A-list talent each outing. Stream The White Lotus on HBO Max. The White Lotus (2021 — ) at HBO Max Learn More Learn More at HBO Max Your Friends and Neighbors (2025 – ) In Your Friends & Neighbors, Jon Hamm plays Andrew "Coop" Cooper, a recently divorced, recently unemployed New York hedge fund manager. In an effort to keep up an illusion that nothing in his life has changed, he begins breaking into the homes of his wealthy neighbors to steal and sell their stuff, inadvertently catching on to their secrets as well. This dark comedy isn't exactly about how hard it is to be a once-rich white guy, but neither is it a pointed lesson in the downfalls toxic masculinity. Coop is an insider forced into the role of an outsider (playing an insider), offering him a unique perspective on the artifice at the center of a life based on flaunting wealth. Stream Your Friends and Neighbors on Apple TV. Your Friends and Neighbors (2025 – ) at Apple TV Learn More Learn More at Apple TV Barry (2018 – 2023) Bill Hader won a couple of Emmys for his performance as Barry Berkman, a depressed and anxious hitman who discovers a love of acting that leads him to look for a life beyond killing people, even though he's rather good at it, and keeps getting drawn back in. Barry's mentor and father figure in his quest to rebuild his life on the stage is the wildly eccentric Gene Cousineau (Henry Winkler, who also won an Emmy here), who's entirely supportive of Barry—until he learns of his protégé's double life. Stream Barry on HBO Max. Barry (2018 – 2023) at HBO Max Learn More Learn More at HBO Max Fargo (2014 – 2024) This season-by-season anthology crime drama finds us in the Midwest, mostly, blending crime drama, small town secrets, and healthy heaps of dark humor (if you're familiar with the Cohen Bros. movie that inspired the show, you'll know exactly what's meant by that). The quirky characters in the shifting cast are sometimes lovable, sometimes reprehensible, but they're consistently compelling—as with Beef, there's the sense that characters will get what's coming to them, while also making room for moments of surprising grace. Stream Fargo on Hulu. Fargo (2014 – 2024) at Hulu Learn More Learn More at Hulu How to Get to Heaven From Belfast (2026 – ) How to Get to Heaven comes from Irish playwright and Derry Girls creator Lisa McGee, though that earlier and justifiably beloved show will only moderately prepare you for the latest. Three high school friends from Belfast reunite after learning that their fourth bestie has died unexpectedly—except that maybe she didn't, a mixed blessing given that they all have secrets that they were hoping to bury. Now they're off to investigate the mystery of the maybe-murder, and find themselves immediately in way over their heads and in a complex web of lies, secrets, and old vendettas. The tone is all over the place in a way that somehow works, and has a beating heart beneath all the chaos. Stream How to Get to Heaven From Belfast on Netflix. How to Get to Heaven From Belfast (2026 – ) at Netflix Learn More Learn More at Netflix I Hate Suzie (2020 – 2022) Popstar turned actress Suzie Pickles (Billie Piper) has just been hired for a new Disney series when she has, in the opening episode of I Hate Suzie, the worst day of her career: a compromising phone hack has left her exposed, literally and figuratively to the world. Support at home is in short supply given that the prominent penis in some of the pictures doesn't belong to her husband. Lucy Prebble and Piper resume a collaboration that began with The Secret Diary of a Call Girl and the highly acclaimed play The Effect for this dark, funny show about a woman on the verge of a breakdown. Piper is phenomenal, as always, playing a character whose bio is similar to her own—the whole world's out to get her, but early fame has left her both deeply vulnerable and wildly self-involved. Stream I Hate Suzie on HBO Max. I Hate Suzie (2020 – 2022) at HBO Max Learn More Learn More at HBO Max No Good Deed (2024) I'm adding this one largely for the Lisa Kudrow of it all, but there's a similar vein of dark comedy here—plus, No Good Deed is a pretty great show that a lot of people missed. The setup sounds like a juicy crime thrillers: Kudrow is retired pianist Lydia; Ray Romano is her husband, Paul. The two are in rather tricky financial straits and need to sell their home without wanting to seem too desperate to prospective buyers—and also hide a secret involving a death a few years prior. For all that, it's a comedy, with a great supporting cast that includes Linda Cardellini, Luke Wilson, O-T Fagbenle, and Teyonah Parris. Stream No Good Deed on Netflix. No Good Deed (2024) at Netflix Learn More Learn More at Netflix View the full article

While many AI companies are betting their products can be useful to a broad segment of businesses, a startup called Emanate is taking the opposite approach, building highly targeted tools designed for complex sales transactions in the industrial materials sector. Founder and CEO Kiara Nirghin says the somewhat esoteric market, which includes manufacturers, distributors, and service providers working with materials from steel building materials to metal piping, has intricate sales processes involving generating quotes for bespoke orders, connecting existing customers with goods they may need, and proactively finding new customers. The industrial materials sector, which provides raw materials like steel and aluminum and manufactured parts like wire and pipe, is vital to both the push to boost U.S. manufacturing output and the shift to a greener economy, which itself requires manufacturing solar panels, wind turbines, and electric vehicle charging stations. The metals and minerals industry alone is a multi-trillion dollar sector, and Emanate argues quickly generating more precisely quotes and closing sales faster can boost productivity and reduce waste from mistargeted production. But right now, even generating quotes with existing systems can take as long as three to four weeks, says Nirghin, and until recently AI systems weren’t sophisticated enough to take over for humans. Now, she says, they can generate useful quotes close to instantaneously. “That was only recent—in terms of the last approximately six to eight months,” she says. “So there is a very big change in quality and step function in terms of actually applying the models.” But, says Nirghin, the real key isn’t the underlying AI models but the so-called harness—the framework of AI-callable tools, integrations with other systems like enterprise resource planning (ERP) software and databanks of corporate knowledge, and custom configurations—that wrap around them to form AI agents. Emanate, which has received funding from investors including Andreessen Horowitz and M13 (though Nirghin declined to disclose the exact amount of funding the San Francisco-based company has raised) and currently has 10 employees, is explicitly betting that markets like industrial materials will benefit from sector-specific AI tools rather than simply adopting standard, off-the-shelf AI agents. Setting up Emanate’s system for a new customer isn’t simply a matter of activating a chatbot. It’s a process that can take from eight to 12 weeks, including identifying critical data sources from ERP databases to repositories of past sales email correspondence and PDFs containing valuable data, then getting set up to securely connect to them. Once the system is set up, customers can also continue to build upon and customize the AI agents involved, says Nirghin. The specialized approach is designed for greater accuracy than general-purpose AI tools, and the company also works with its customers to track data points like number of quotes processed, hours spent by human workers, sales leads handled, and outbound messages sent before and after the technology is deployed. And while some other AI companies more heavily focus on helping customers cut costs through automation, Nirghin says Emanate is focused on revenue growth, aiming to give its customers a revenue boost of 40% or more. “We capture a full baseline before we go live, and then we track every metric,” Nirghin says. “We’ve been very clinical in measuring these metrics so that we can actually report and communicate on them.” Naturally, at the start of a new deployment, humans typically also review quotes and messages generated by the AI before they’re sent to customers. But over time, they’re typically willing to defer more to the AI. Nirghin, who has previously received support from a fellowship program run by Alexis Ohanian’s 776 Foundation and the Thiel Fellows program, says she believes the company’s specialization and industry focus will give it a sustainable advantage in catering to the industrial materials sector as it works to meet the needs of a growing U.S. manufacturing economy. The AI’s success at helping secure deals can even help boost production and employment among materials companies, many of which have the capacity to grow as they secure customers, she says. But in the future, she says, the same approach could serve other industries with similar specialized sales and distribution needs, she says, including the electrical and chemical industries. “That is obviously our broader vision, and what our investors obviously get really excited about as well,” she says. View the full article

As concerns mount over artificial intelligence and its rapid integration into society, tech companies are increasingly turning to faith leaders for guidance on how to shape the technology — a surprising about-face on Silicon Valley’s longstanding skepticism of organized religion. Leaders from various religious groups met last week with representatives from companies including Anthropic and OpenAI for the inaugural “Faith-AI Covenant” roundtable in New York to discuss how best to infuse morality and ethics into the fast-developing technology. It was organized by the Geneva-based Interfaith Alliance for Safer Communities, which seeks to take on issues such as extremism, radicalization and human trafficking. The roundtable is expected to be the first of several around the globe, including in Beijing, Nairobi and Abu Dhabi. Tech executives need to recognize their power — and their responsibility — to make the right decisions, said Baroness Joanna Shields, a key partner in the initiative. She worked as a tech executive with stints at Google and Facebook before pivoting to British politics. “Regulation can’t keep up with this,” she said. But the leaders of the world’s religions, with billions of followers globally, have the “expertise of shepherding people’s moral safety,” she reasoned. Faith leaders ought to have a voice, Shields said. “This dialogue, this direct connection is so important because the people who are building this understand the power and capabilities of what they’re building and they want to do it right — most of them,” she said of AI tech executives. The goal of this initiative, according to Shields, is an eventual “set of norms or principles” informed by different groups and faiths, from Christians to Sikhs to Buddhists, that companies will abide by. Challenges lie ahead Present at the meeting were a variety of faith groups, including representatives from the Hindu Temple Society of North America, the Baha’i International Community, The Sikh Coalition, the Greek Orthodox Archdiocese of America and The Church of Jesus Christ of Latter-day Saints, widely known as the Mormon church. Before these companies initiated outreach, some traditions had issued their own ethical guidance on using AI. The Church of Jesus Christ of Latter-day Saints has given a qualified approval of the technology in its handbook. “AI cannot replace the gift of divine inspiration or the individual work required to receive it. However, AI can be a useful tool to enhance learning and teaching,” it reads. The Southern Baptist Convention, the largest Protestant denomination in the U.S., passed a resolution in 2023: “We must proactively engage and shape these emerging technologies rather than simply respond to the challenges of AI and other emerging technologies after they have already affected our churches and communities.” One challenge in creating a list of common principles is that global faiths, despite common ground, differ in their values and needs. “Religious communities see priorities differently,” said Rabbi Diana Gerson, a roundtable participant and the associate executive vice president of the New York Board of Rabbis. The partnership highlights a growing coalition between faith and tech, born out of an effort to create moral AI — a contested concept which begs questions about whether that is possible and what it means. “We want Claude to do what a deeply and skillfully ethical person would do in Claude’s position,” Anthropic states in the public “Claude Constitution” written for its chatbot. That constitution was made with the help of a host of religious and ethics leaders. In this burgeoning alliance, Anthropic has been the most assertive, at least publicly, in their efforts to court faith leaders. The move follows a public dispute earlier this year with the Pentagon over military use of artificial intelligence after Anthropic said it would restrict its technology from being used to develop autonomous weapons or for mass surveillance of Americans. “There’s some aspect of PR to it. The slogan was ‘Move fast and break things.’ And they broke too many things and too many people,” said Brian Boyd, the U.S. faith liaison for the nonprofit Future of Life Institute. “There’s both a moral obligation on the part of the companies that they’re belatedly recognizing, as well as I think, for some members of the companies, an earnest questioning.” Some skepticism emerges But other advocates for AI regulation and safety aren’t so sure these efforts are genuine. “At best it’s a distraction. At worst it’s diverting attention from things that really matter,” said Rumman Chowdhury, the CEO of the nonprofit Humane Intelligence and the U.S. science envoy for AI under the Biden administration. Chowdhury says she’s not inclined to believe religion is the best place to help answer questions surrounding AI and ethics, but thinks she understands why companies are increasingly turning to it. “I think a very naive take that Silicon Valley has had for a couple of years related to generative AI was that we could arrive at some sort of universal principles of ethics,” she said. “They have very quickly realized that that’s just not true. That’s not real. So now they’re looking at maybe religion as a way of dealing with the ambiguity of ethically gray situations.” It’s unclear to what extent these notoriously opaque companies are translating what they hear from faith leaders into action — and what that action might look like. But some critics fear the conversation about creating ethical versions of the technology distract from broader conversations about AI and its role in society. “Under the guise of, ‘We’re gonna build all this stuff. That’s a given. And when we do build these things in these ways, how do we make sure that the end result is maybe good,'” said Dylan Baker, the lead research engineer at the Distributed AI Research Institute. “It’s like, ‘Wait, wait, wait. We need to question whether we want to be building these things at all.” Associated Press religion coverage receives support through the AP’s collaboration with The Conversation US, with funding from Lilly Endowment Inc. The AP is solely responsible for this content. —Krysta Fauria, Associated Press View the full article

Before you send your next Instagram DM, be warned: Whatever you share with that friend, influencer, or business could potentially be seen by anyone—including but not limited to hackers, law enforcement, or even Meta itself. As of today, May 8, 2026, Instagram DMs are no longer end-to-end encrypted (E2EE). Your messages are vulnerable, whether you're discussing a reel you saw, or sharing your Social Security number. (Please don't do this.) E2EE is necessary for any messaging service that wants to protect its users' privacy. This level of encryption ensures that the only people who can read the contents of a conversation are the ones with access to the devices involved. When you send a message over E2EE, the program encrypts, or "scrambles," it. Each device contains a "key" to decrypt, or "unscramble" the message. If you try to intercept the message without the key, all you'll see is a mess of code. Even Meta couldn't read your encrypted Instagram DMs in the past, which makes this change frustrating. Why is Meta taking away E2EE on Instagram?It's not clear why Meta is taking this drastic step. In fact, the company has yet to publicly announce it, despite the change going into effect today. Instead, back in March, Meta quietly updated an Instagram help page to note the new policy, writing "end-to-end encrypted messaging on Instagram will no longer be supported after May 8, 2026." Meta advised users to download chats that may be impacted, and that they might need to update Instagram to do so. Other than that, however, the company has been mute on the policy shift. What's more, Instagram has spent the past seven years on a crusade to offer E2EE on all of its major messaging platforms. WhatsApp has always offered encrypted messaging, but the company also brought E2EE to Instagram and Facebook Messenger. There are critics of E2EE out there, including those who argue that the tech makes it more difficult to protect children on the platform. Meta has had a poor track record for how it handles underage users on its platforms, so perhaps it's feeling the pressure to change. But while it's true that ending E2EE means it's easier to track the conversations that minors are having on Instagram, it is now also easier to track anyone's chats. Governments and law enforcement will likely celebrate the change, but anyone who cares about user privacy will not. Should you stop using Instagram DMs?If you're a die-hard privacy fan, sure, you won't want to use Instagram for messaging any longer. (In fact, you may want to ditch Meta apps as much as possible.) But Instagram is far from the only insecure messaging platform out there. If you have an iPhone and text Android users (or vice versa), your texts are not encrypted (at least not until Apple starts supporting RCS E2EE with iOS 26.5); if you use Telegram without "Secret Chats," your messages are not E2EE; if you use Group Me, Discord, Google Chat, or any number of popular messaging apps, your conversations are not totally private. That doesn't mean you need to stop using these apps, but you should understand the privacy and security implications. Without E2EE, your conversations are accessible by the company that hosts the app, and may be accessible by anyone who requests your data or seeks it by force. As such, don't rely on Instagram DMs for anything sensitive. Don't share details you wouldn't be comfortable discussing in public, or that you wouldn't want Instagram (or a hacker) to see. That could include financial information, corporate secrets, Social Security numbers, etc. For now, it might be best to treat Instagram DMs as a place to discuss Instagram. "Here's a fun reel I found;" "look at this picture;" "have you seen this account?" For all serious conversations, turn to an E2EE app—perhaps one of Meta's, or something like iMessage or Signal. View the full article

In the realm of managing your finances, selecting the right online bookkeeping service is essential. With numerous options available, you might find it challenging to decide which one fits your needs best. Each service offers unique features, pricing structures, and levels of support. From QuickBooks Live’s expert guidance to Botkeeper’s automation, comprehending what differentiates these services can help you make an informed choice. Let’s explore the top contenders and how they can benefit your business. Key Takeaways QuickBooks Live offers effective cleanup services and personalized guidance, starting at a $300 cleanup fee and rated 4.5 out of 5. Botkeeper utilizes AI for automated bookkeeping, ideal for accounting firms, with a minimum starting price of $69 per license. Ignite Spot Accounting provides dedicated bookkeeping for small businesses, beginning at $625 per month for extensive financial management services. 1-800Accountant features experienced CPAs and unlimited support, with pricing starting at $209 per month when billed annually. Bookkeeper360 has a flexible pricing model, starting at $19 plus $150 per hour, tailored for small enterprises with transparent costs. QuickBooks Live If you’re seeking reliable bookkeeping solutions, QuickBooks Live might be the answer for your business needs. This service offers three online bookkeeping plans, with a starting cleanup fee of $300, making it an excellent choice for small businesses needing thorough financial organization. Rated 4.5 out of 5, QuickBooks Live stands out for its effectiveness, especially in cleanup bookkeeping services. What sets it apart is the customized, one-on-one guidance from QuickBooks experts, ensuring you receive tailored support for your unique financial situation. Furthermore, the service integrates seamlessly with QuickBooks software, streamlining your accounting processes. This convenience allows you to handle bookkeeping online without the hassle of juggling multiple platforms. If you’re looking for the best online bookkeeping services, QuickBooks Live provides affordability combined with professional expertise, making it one of the top contenders in the field of online bookkeeping. Botkeeper Botkeeper offers a compelling alternative for businesses seeking automated bookkeeping solutions, particularly for accounting firms. With a 4.5-star rating, this service integrates seamlessly with various accounting software, making it a versatile choice. The starting price is $69 per license, requiring a minimum of ten licenses, making it scalable for larger firms. Key features include: Utilization of machine learning and artificial intelligence to streamline bookkeeping tasks. Custom pricing customized to meet specific client needs. Automation that saves time and reduces manual labor. Improved focus on higher-level financial analysis and advisory services. Ignite Spot Accounting Ignite Spot Accounting provides customized bookkeeping services designed particularly for the unique needs of small businesses, ensuring a holistic approach to financial management. Starting at $625 per month, you’ll receive a variety of extensive bookkeeping and reporting services suited to your requirements. With dedicated bookkeepers, you’ll enjoy real-time financial management and monthly performance reviews, helping you stay on track. This service focuses on scalability, making it a great option for growing businesses that may need additional financial support. Ignite Spot Accounting likewise offers outsourced CFO positions, granting you access to high-level financial guidance without the need for a full-time hire. Services Offered Benefits Customized Bookkeeping Suited to your specific needs Monthly Performance Reviews Keeps your business on track Outsourced CFO Services High-level guidance without full-time costs 1-800Accountant When considering 1-800Accountant for your bookkeeping needs, you’ll find a range of services customized particularly for small businesses. Their pricing starts at $209 per month when billed annually, providing you access to experienced CPAs and dedicated bookkeepers. This structure guarantees you receive personalized support and valuable insights, making it easier to manage your financial health and compliance. Service Offerings Overview 1-800Accountant offers an extensive range of bookkeeping services customized precisely for small businesses, guaranteeing that you have the support you need to manage your finances effectively. Their services are designed to scale with your business, giving you access to experienced CPAs for expert financial guidance. You’ll benefit from unlimited support from dedicated bookkeepers, so you never have to navigate accounting challenges alone. Here are some key service offerings: Tax-ready financials to simplify tax preparation and guarantee compliance. Detailed reporting that provides insights into your financial performance. Continuous assistance customized to your specific accounting needs. A competitive starting price of $209 per month when billed annually. With these solutions, you can focus more on growing your business. Pricing Structure Insights Grasping the pricing structure of 1-800Accountant can help you make informed decisions about your bookkeeping needs. Their monthly fee starts at $209, billed annually, which is budget-friendly for small businesses. This pricing includes unlimited support from dedicated bookkeepers, ensuring you always have assistance. Unlike some competitors, there are no hidden fees, so you know exactly what you’re paying for. Furthermore, their plans are designed to scale, allowing for adjustments as your business grows. Here’s a quick overview of their pricing: Plan Type Monthly Cost Key Features Basic $209 Unlimited support, tax resources Standard $309 Advanced reporting, expert advice Premium $409 Custom financial strategies Ideal Clientele Profile Many small business owners find themselves in need of reliable bookkeeping services that can grow with their operations. 1-800Accountant is particularly well-suited for businesses that require scalable solutions, offering customized services to various industries. This service is ideal for you if you seek: Access to experienced Access CPAs for expert advice customized to your needs Unlimited support from dedicated bookkeepers for ongoing financial management Tax-ready financials and detailed reporting to maintain compliance Competitive pricing starting at $209 per month, making it affordable for small businesses With these features, 1-800Accountant guarantees you receive consistent assistance and financial clarity, streamlining your bookkeeping process as you focus on growing your business. Bookkeeper360 Bookkeeper360 provides a flexible and cost-effective solution for small businesses seeking bookkeeping services. With a pricing structure starting at $19 plus $150 per hour for support, it’s perfect for businesses needing occasional help. Rated 4.0 for quality, Bookkeeper360 tailors its services particularly for small enterprises. Clients appreciate the transparent pricing model and the ability to scale solutions based on their unique bookkeeping needs. This pay-as-you-go approach allows you to manage costs effectively, ensuring you only pay for what you use. Moreover, the platform integrates seamlessly with popular accounting software like QuickBooks, enhancing usability for business owners. Feature Details Starting Price $19 Hourly Support Rate $150 Customer Rating 4.0 Pricing Model Transparent, pay-as-you-go Software Integration QuickBooks compatible Bookkeeper.com Bookkeeper.com offers small businesses a robust solution for their bookkeeping needs, starting at $399 per month. With a solid rating of 3.9, it provides unlimited bookkeeping support customized particularly for small enterprises. You’ll appreciate the monthly meetings with a dedicated bookkeeper, ensuring you’re always informed about your financial standing. However, there are a few key points to reflect on: The intermediate plan includes thorough financial management, but onboarding may take up to three weeks. The starter plan doesn’t incorporate bill pay services, which could be a drawback for some clients. Bookkeeper.com emphasizes client support and accessibility, making it a user-friendly option. The pricing structure is straightforward, allowing you to budget effectively. Decimal Decimal provides small businesses with on-demand access to their financial records, guaranteeing that you can generate real-time reports that meet your specific needs. This platform is designed with ease of use in mind, making it accessible regardless of whether you lack extensive accounting knowledge. Decimal offers flexible pricing, but keep in mind that additional fees may apply for payroll and invoicing services. Feature Details Custom Solutions Customized bookkeeping for small businesses Pricing Structure Flexible, inquire for specifics Accessibility User-friendly for all skill levels While the starting price for Decimal’s services isn’t disclosed, it’s vital to ask about any potential additional costs. By taking these steps, you can confirm that Decimal aligns with your financial management needs effectively. Pilot When you’re seeking a bookkeeping service that caters particularly to startups and small businesses, Pilot stands out by offering personalized solutions that focus on industry-specific financial reporting and support. They specialize in accrual-based accounting, which helps you maintain accurate financial records and understand your business’s financial health. Here are some key features of Pilot: Three pricing plans: Core plan at $599/month, Select plan at $849/month, and Plus plan with custom pricing. Dedicated finance experts: You’ll receive personalized attention and expert guidance throughout the bookkeeping process. User-friendly interface: Their platform is designed for ease of use, making financial management simpler. Software integrations: Pilot connects with various accounting software, enhancing your overall financial management experience. Choosing Pilot means you get individualized support that aligns with your specific needs, ensuring your bookkeeping is in expert hands. Essential Online Bookkeeping Features To effectively manage your business finances, it’s critical to understand the fundamental features that online bookkeeping services should offer. A dedicated bookkeeper or accountant is necessary, guaranteeing accurate tracking and reporting of your business transactions. Look for invoicing and payroll services, as these components facilitate timely payments and help you comply with tax regulations. Scalability is another important feature, allowing your bookkeeping services to grow alongside your business, adapting to your increasing financial needs. Furthermore, many online solutions come with mobile apps and software integration, enhancing accessibility and streamlining financial management. Finally, having a dedicated point of contact for queries is essential for effective communication; this guarantees you can address concerns and receive timely financial advice. How to Choose the Best Online Bookkeeping Service Choosing the right online bookkeeping service can greatly impact your business’s financial management. To make an informed decision, consider the following factors: Features: Assess what specific features align with your needs, like dedicated accountants, invoicing, and payroll services. Scalability: Confirm the provider offers scalability options, as your business may grow and require advanced services down the road. Pricing: Investigate various pricing structures to find transparent and competitive plans that fit your budget without hidden fees. Customer Feedback: Review ratings and feedback from reputable platforms to gauge the reliability and quality of potential bookkeeping partners. Frequently Asked Questions What Is the Best Online Bookkeeping System? Determining the best online bookkeeping system depends on your specific needs. QuickBooks Live is excellent for cleanup services, whereas Botkeeper automates tasks for accounting firms. If you value personalized service, Ignite Spot Accounting offers certified bookkeepers, whereas 1-800Accountant focuses on small businesses. Bookkeeper360 provides flexible hourly options, and Pilot caters to startups with a pricing model based on expenses. Evaluate these features carefully to find the right fit for your business. Which Online Bookkeeping Course Is Best? When choosing the best online bookkeeping course, consider your experience level and specific needs. For beginners, Bookkeepers.com offers structured courses and a free masterclass, while Beginner Bookkeeping provides crucial templates and articles. If you’re looking to improve QuickBooks skills, 5 Minute Bookkeeping has over 75 free training videos. Furthermore, Xero’s resources focus on small-business bookkeeping, and Blake Oliver’s blog gives insights into industry practices, making them all valuable options. How Much Should I Pay for Bookkeeping Services? When considering how much to pay for bookkeeping services, you’ll find prices range widely. For basic online services, expect to pay around $69 to $300 monthly, depending on your needs. More personalized options can start at $625. You should additionally factor in potential extra costs for payroll or invoicing. Evaluating the total cost and services offered will help you determine the best value for your specific business requirements. Is There High Demand for Virtual Bookkeepers? Yes, there’s a high demand for virtual bookkeepers. As more small businesses shift to online operations, they increasingly prefer outsourcing bookkeeping tasks. This trend is driven by the need for accurate financial tracking and reporting, especially in the growing e-commerce and freelance sectors. Reports indicate that about 80% of small business owners choose to outsource to save costs and improve efficiency, allowing them to concentrate on their core business activities. Conclusion In summary, selecting the right online bookkeeping service is vital for effective financial management. By considering options like QuickBooks Live, Botkeeper, and Ignite Spot Accounting, you can find a service that meets your business needs. Evaluate important features, scalability, and customer feedback to make an informed choice. The right service not just streamlines your bookkeeping but additionally supports your business’s growth and financial health, eventually leading to better decision-making and strategic planning. Image via Google Gemini and ArtSmart This article, "Best Online Bookkeeping Services: Top 10 Picks" was first published on Small Business Trends View the full article

In the realm of managing your finances, selecting the right online bookkeeping service is essential. With numerous options available, you might find it challenging to decide which one fits your needs best. Each service offers unique features, pricing structures, and levels of support. From QuickBooks Live’s expert guidance to Botkeeper’s automation, comprehending what differentiates these services can help you make an informed choice. Let’s explore the top contenders and how they can benefit your business. Key Takeaways QuickBooks Live offers effective cleanup services and personalized guidance, starting at a $300 cleanup fee and rated 4.5 out of 5. Botkeeper utilizes AI for automated bookkeeping, ideal for accounting firms, with a minimum starting price of $69 per license. Ignite Spot Accounting provides dedicated bookkeeping for small businesses, beginning at $625 per month for extensive financial management services. 1-800Accountant features experienced CPAs and unlimited support, with pricing starting at $209 per month when billed annually. Bookkeeper360 has a flexible pricing model, starting at $19 plus $150 per hour, tailored for small enterprises with transparent costs. QuickBooks Live If you’re seeking reliable bookkeeping solutions, QuickBooks Live might be the answer for your business needs. This service offers three online bookkeeping plans, with a starting cleanup fee of $300, making it an excellent choice for small businesses needing thorough financial organization. Rated 4.5 out of 5, QuickBooks Live stands out for its effectiveness, especially in cleanup bookkeeping services. What sets it apart is the customized, one-on-one guidance from QuickBooks experts, ensuring you receive tailored support for your unique financial situation. Furthermore, the service integrates seamlessly with QuickBooks software, streamlining your accounting processes. This convenience allows you to handle bookkeeping online without the hassle of juggling multiple platforms. If you’re looking for the best online bookkeeping services, QuickBooks Live provides affordability combined with professional expertise, making it one of the top contenders in the field of online bookkeeping. Botkeeper Botkeeper offers a compelling alternative for businesses seeking automated bookkeeping solutions, particularly for accounting firms. With a 4.5-star rating, this service integrates seamlessly with various accounting software, making it a versatile choice. The starting price is $69 per license, requiring a minimum of ten licenses, making it scalable for larger firms. Key features include: Utilization of machine learning and artificial intelligence to streamline bookkeeping tasks. Custom pricing customized to meet specific client needs. Automation that saves time and reduces manual labor. Improved focus on higher-level financial analysis and advisory services. Ignite Spot Accounting Ignite Spot Accounting provides customized bookkeeping services designed particularly for the unique needs of small businesses, ensuring a holistic approach to financial management. Starting at $625 per month, you’ll receive a variety of extensive bookkeeping and reporting services suited to your requirements. With dedicated bookkeepers, you’ll enjoy real-time financial management and monthly performance reviews, helping you stay on track. This service focuses on scalability, making it a great option for growing businesses that may need additional financial support. Ignite Spot Accounting likewise offers outsourced CFO positions, granting you access to high-level financial guidance without the need for a full-time hire. Services Offered Benefits Customized Bookkeeping Suited to your specific needs Monthly Performance Reviews Keeps your business on track Outsourced CFO Services High-level guidance without full-time costs 1-800Accountant When considering 1-800Accountant for your bookkeeping needs, you’ll find a range of services customized particularly for small businesses. Their pricing starts at $209 per month when billed annually, providing you access to experienced CPAs and dedicated bookkeepers. This structure guarantees you receive personalized support and valuable insights, making it easier to manage your financial health and compliance. Service Offerings Overview 1-800Accountant offers an extensive range of bookkeeping services customized precisely for small businesses, guaranteeing that you have the support you need to manage your finances effectively. Their services are designed to scale with your business, giving you access to experienced CPAs for expert financial guidance. You’ll benefit from unlimited support from dedicated bookkeepers, so you never have to navigate accounting challenges alone. Here are some key service offerings: Tax-ready financials to simplify tax preparation and guarantee compliance. Detailed reporting that provides insights into your financial performance. Continuous assistance customized to your specific accounting needs. A competitive starting price of $209 per month when billed annually. With these solutions, you can focus more on growing your business. Pricing Structure Insights Grasping the pricing structure of 1-800Accountant can help you make informed decisions about your bookkeeping needs. Their monthly fee starts at $209, billed annually, which is budget-friendly for small businesses. This pricing includes unlimited support from dedicated bookkeepers, ensuring you always have assistance. Unlike some competitors, there are no hidden fees, so you know exactly what you’re paying for. Furthermore, their plans are designed to scale, allowing for adjustments as your business grows. Here’s a quick overview of their pricing: Plan Type Monthly Cost Key Features Basic $209 Unlimited support, tax resources Standard $309 Advanced reporting, expert advice Premium $409 Custom financial strategies Ideal Clientele Profile Many small business owners find themselves in need of reliable bookkeeping services that can grow with their operations. 1-800Accountant is particularly well-suited for businesses that require scalable solutions, offering customized services to various industries. This service is ideal for you if you seek: Access to experienced Access CPAs for expert advice customized to your needs Unlimited support from dedicated bookkeepers for ongoing financial management Tax-ready financials and detailed reporting to maintain compliance Competitive pricing starting at $209 per month, making it affordable for small businesses With these features, 1-800Accountant guarantees you receive consistent assistance and financial clarity, streamlining your bookkeeping process as you focus on growing your business. Bookkeeper360 Bookkeeper360 provides a flexible and cost-effective solution for small businesses seeking bookkeeping services. With a pricing structure starting at $19 plus $150 per hour for support, it’s perfect for businesses needing occasional help. Rated 4.0 for quality, Bookkeeper360 tailors its services particularly for small enterprises. Clients appreciate the transparent pricing model and the ability to scale solutions based on their unique bookkeeping needs. This pay-as-you-go approach allows you to manage costs effectively, ensuring you only pay for what you use. Moreover, the platform integrates seamlessly with popular accounting software like QuickBooks, enhancing usability for business owners. Feature Details Starting Price $19 Hourly Support Rate $150 Customer Rating 4.0 Pricing Model Transparent, pay-as-you-go Software Integration QuickBooks compatible Bookkeeper.com Bookkeeper.com offers small businesses a robust solution for their bookkeeping needs, starting at $399 per month. With a solid rating of 3.9, it provides unlimited bookkeeping support customized particularly for small enterprises. You’ll appreciate the monthly meetings with a dedicated bookkeeper, ensuring you’re always informed about your financial standing. However, there are a few key points to reflect on: The intermediate plan includes thorough financial management, but onboarding may take up to three weeks. The starter plan doesn’t incorporate bill pay services, which could be a drawback for some clients. Bookkeeper.com emphasizes client support and accessibility, making it a user-friendly option. The pricing structure is straightforward, allowing you to budget effectively. Decimal Decimal provides small businesses with on-demand access to their financial records, guaranteeing that you can generate real-time reports that meet your specific needs. This platform is designed with ease of use in mind, making it accessible regardless of whether you lack extensive accounting knowledge. Decimal offers flexible pricing, but keep in mind that additional fees may apply for payroll and invoicing services. Feature Details Custom Solutions Customized bookkeeping for small businesses Pricing Structure Flexible, inquire for specifics Accessibility User-friendly for all skill levels While the starting price for Decimal’s services isn’t disclosed, it’s vital to ask about any potential additional costs. By taking these steps, you can confirm that Decimal aligns with your financial management needs effectively. Pilot When you’re seeking a bookkeeping service that caters particularly to startups and small businesses, Pilot stands out by offering personalized solutions that focus on industry-specific financial reporting and support. They specialize in accrual-based accounting, which helps you maintain accurate financial records and understand your business’s financial health. Here are some key features of Pilot: Three pricing plans: Core plan at $599/month, Select plan at $849/month, and Plus plan with custom pricing. Dedicated finance experts: You’ll receive personalized attention and expert guidance throughout the bookkeeping process. User-friendly interface: Their platform is designed for ease of use, making financial management simpler. Software integrations: Pilot connects with various accounting software, enhancing your overall financial management experience. Choosing Pilot means you get individualized support that aligns with your specific needs, ensuring your bookkeeping is in expert hands. Essential Online Bookkeeping Features To effectively manage your business finances, it’s critical to understand the fundamental features that online bookkeeping services should offer. A dedicated bookkeeper or accountant is necessary, guaranteeing accurate tracking and reporting of your business transactions. Look for invoicing and payroll services, as these components facilitate timely payments and help you comply with tax regulations. Scalability is another important feature, allowing your bookkeeping services to grow alongside your business, adapting to your increasing financial needs. Furthermore, many online solutions come with mobile apps and software integration, enhancing accessibility and streamlining financial management. Finally, having a dedicated point of contact for queries is essential for effective communication; this guarantees you can address concerns and receive timely financial advice. How to Choose the Best Online Bookkeeping Service Choosing the right online bookkeeping service can greatly impact your business’s financial management. To make an informed decision, consider the following factors: Features: Assess what specific features align with your needs, like dedicated accountants, invoicing, and payroll services. Scalability: Confirm the provider offers scalability options, as your business may grow and require advanced services down the road. Pricing: Investigate various pricing structures to find transparent and competitive plans that fit your budget without hidden fees. Customer Feedback: Review ratings and feedback from reputable platforms to gauge the reliability and quality of potential bookkeeping partners. Frequently Asked Questions What Is the Best Online Bookkeeping System? Determining the best online bookkeeping system depends on your specific needs. QuickBooks Live is excellent for cleanup services, whereas Botkeeper automates tasks for accounting firms. If you value personalized service, Ignite Spot Accounting offers certified bookkeepers, whereas 1-800Accountant focuses on small businesses. Bookkeeper360 provides flexible hourly options, and Pilot caters to startups with a pricing model based on expenses. Evaluate these features carefully to find the right fit for your business. Which Online Bookkeeping Course Is Best? When choosing the best online bookkeeping course, consider your experience level and specific needs. For beginners, Bookkeepers.com offers structured courses and a free masterclass, while Beginner Bookkeeping provides crucial templates and articles. If you’re looking to improve QuickBooks skills, 5 Minute Bookkeeping has over 75 free training videos. Furthermore, Xero’s resources focus on small-business bookkeeping, and Blake Oliver’s blog gives insights into industry practices, making them all valuable options. How Much Should I Pay for Bookkeeping Services? When considering how much to pay for bookkeeping services, you’ll find prices range widely. For basic online services, expect to pay around $69 to $300 monthly, depending on your needs. More personalized options can start at $625. You should additionally factor in potential extra costs for payroll or invoicing. Evaluating the total cost and services offered will help you determine the best value for your specific business requirements. Is There High Demand for Virtual Bookkeepers? Yes, there’s a high demand for virtual bookkeepers. As more small businesses shift to online operations, they increasingly prefer outsourcing bookkeeping tasks. This trend is driven by the need for accurate financial tracking and reporting, especially in the growing e-commerce and freelance sectors. Reports indicate that about 80% of small business owners choose to outsource to save costs and improve efficiency, allowing them to concentrate on their core business activities. Conclusion In summary, selecting the right online bookkeeping service is vital for effective financial management. By considering options like QuickBooks Live, Botkeeper, and Ignite Spot Accounting, you can find a service that meets your business needs. Evaluate important features, scalability, and customer feedback to make an informed choice. The right service not just streamlines your bookkeeping but additionally supports your business’s growth and financial health, eventually leading to better decision-making and strategic planning. Image via Google Gemini and ArtSmart This article, "Best Online Bookkeeping Services: Top 10 Picks" was first published on Small Business Trends View the full article

If you’re considering a franchise, it’s important to understand the top options available. Franchises like CMIT Solutions and Firehouse Subs offer established models with high profit potential in technology and food services. The UPS Store and Kumon cater to community needs, making them reliable choices. Low investment franchises in home and educational services likewise present significant growth opportunities. Exploring these options can lead you to the ideal franchise that suits your goals and market demands. Key Takeaways CMIT Solutions offers profitable technology services with high margins and strong support networks, making it a top choice for franchise ownership. Firehouse Subs provides a solid food service opportunity with community engagement and a proven business model appealing to various franchisees. Home services franchises, including Heroes Lawn Care, are in high demand and offer low operational costs, making them attractive for new owners. Educational franchises like Kumon and Mathnasium cater to growing tutoring needs, providing a rewarding option with ongoing support for franchisees. Flexible business models in franchises allow for various investment levels, making it easier for retirees and first responders to enter entrepreneurship. Best Franchise Opportunities for Veterans Are you a military veteran considering franchise ownership? You’re in luck, as many good franchises to own cater particularly to veterans, recognizing your unique skill set. Notable options include CMIT Solutions, which offers a 20% discount on franchise fees and a structured business model. Other top franchises to own include The UPS Store, Dream Vacations, JDog Junk Removal, and Kumon Math & Reading Centers, all providing robust support systems. If you prefer service-oriented businesses, consider Firehouse Subs or Heroes Lawn Care, which leverage your crisis management skills and additionally offer financial incentives. These most lucrative franchises to own not just align with your experience but furthermore provide a viable path toward successful business ownership in the civilian world. Best Franchise Opportunity for First Responders If you’re a first responder looking to shift into business ownership, exploring franchise opportunities can be a smart move. Ideal industries, such as food service and home maintenance, align well with your skills and service-oriented mindset, ensuring a steady customer base. Furthermore, supportive franchise networks and flexible business models make it easier for you to balance your new responsibilities with ongoing community engagement. Ideal Franchise Industries Recognizing the valuable skills that first responders bring to the table, various franchise industries present excellent opportunities for those looking to shift into entrepreneurship. The most successful franchises to own for first responders often focus on community service and leadership, making them a great fit. Here are a few ideal industries: Franchise Type Notable Examples Key Benefits IT Services CMIT Solutions Problem-solving alignment Food & Beverage Firehouse Subs Community engagement Lawn Care Services Heroes Lawn Care Service-oriented approach These franchises not only provide financial incentives but also offer structured training to help you transition smoothly into business ownership, ensuring you can leverage your skills as well as achieving personal financial goals. Supportive Franchise Networks Supportive franchise networks play a vital role in helping first responders shift into successful business ownership. By leveraging their crisis management skills and service-oriented mindset, you can excel in franchise opportunities that offer structured support systems. Here are three key benefits: Tailored Training Programs: Franchises like CMIT Solutions and Firehouse Subs provide specific training and financial incentives, making it easier for you to move into entrepreneurship. Ongoing Operational Support: You’ll receive continuous assistance in operations, marketing, and access to peer networks, which are important as you adapt to running a business. Community Engagement: Many franchises emphasize local connections, allowing you to maintain strong ties to the community as you build your business. These elements can greatly improve your success rate in the franchising sector. Flexible Business Models The franchise industry offers various flexible business models that align well with the skills and lifestyles of first responders. Your crisis management and service-oriented abilities make you an excellent fit for franchise ownership. Many franchises, like CMIT Solutions and Firehouse Subs, provide financial incentives and support programs particularly for first responders, which can help lessen the initial investment burden. Furthermore, robust training and ongoing support are available, essential for those shifting into entrepreneurship. Opportunities in home services and business services allow you to maintain a flexible schedule, accommodating your unique commitments. More franchise options focusing on community service enable you to continue your dedication to helping others as you build a successful business. Top Franchises for Retirees As you approach retirement, owning a franchise can offer a fulfilling way to stay active during earning income. The best franchises for retirees typically feature flexible work hours and low initial investment, allowing you to balance your new venture with personal interests. Options like CMIT Solutions and Cruise Planners cater to your needs, making the shift into entrepreneurship smoother and more manageable. Flexible Work Hours When exploring franchise opportunities, retirees often find that flexible work hours are a key advantage, allowing them to balance their entrepreneurial ambitions with personal commitments. This aspect is essential for maintaining a fulfilling lifestyle during engagement in business. Here are three benefits of flexible work hours for retirees: Personal Balance: You can manage family obligations and leisure activities alongside work responsibilities. Low Physical Demands: Many franchises, like CMIT Solutions and Home Instead, require minimal physical effort, making them suitable for those seeking manageable commitments. Tailored Support: Franchises like Dream Vacations and Seniors Helping Seniors offer training and resources designed particularly for retirees, ensuring you feel confident in your entrepreneurial expedition. Flexible hours can help you thrive both personally and professionally. Low Initial Investment Low initial investment options are increasingly appealing to retirees looking to enter the franchise world. Franchises like CMIT Solutions offer an investment range of $106,450 to $159,450, making it accessible for those with limited capital. These opportunities often have low physical demands, allowing retirees to manage their ventures comfortably. Service-oriented sectors, such as home care and educational services, consistently show demand and growth potential, which is beneficial for new franchisees. Notable franchises, including Cruise Planners and Home Instead, provide extensive training and support to ease the shift into business ownership. Furthermore, the franchise sector actively recognizes retirees, offering financial incentives and mentorship programs to facilitate their entry and success in this rewarding endeavor. Best Franchises to Own for Beginners Entering the domain of franchising can be a smart move for beginners, especially when you choose a franchise that offers robust training and support. Here are three key factors to take into account: Comprehensive Training Programs: Look for franchises, like CMIT Solutions, that provide crucial training and development customized for those with limited business experience. Proven Systems: Successful first-time franchise owners often select opportunities with clear operational guidelines, simplifying the shift into business ownership. Affordability: With a low initial investment range of $106,450 to $159,450, franchises like CMIT Solutions are accessible for beginners enthusiastic to enter the market. Prioritizing these factors can greatly improve your chances of success in the competitive world of franchising. Top Franchises to Own in Small Towns Have you considered the unique opportunities that small towns offer for franchise ownership? In these communities, franchises often face less market saturation, which can lead to stronger connections with customers and higher retention rates. Crucial services like home repair, cleaning, and educational franchises provide reliable income as they meet local demand. For instance, CMIT Solutions delivers IT services, allowing you to serve local clients as you access metropolitan markets for growth. Educational franchises, such as Kumon and Mathnasium, thrive by catering to families seeking supplemental resources for their children. Moreover, food and beverage franchises like Jersey Mike’s Subs capitalize on community loyalty, contributing to the local economy through job creation and engagement. These options make small towns a viable choice for aspiring franchise owners. Top Franchise Opportunities for Women As the franchise environment continues to evolve, you’ll find that opportunities customized for women are becoming increasingly abundant and accessible. Women are now the fastest-growing segment of franchise ownership, with many franchisors offering specialized support. Here are three top franchise opportunities designed for women: CMIT Solutions – Focuses on IT services with robust mentorship programs. The UPS Store – Provides flexible scheduling and a well-established support network. Kumon and Mathnasium – Educational franchises that empower women to lead in their communities. These franchises not only allow you to leverage your leadership skills but also offer financial incentives and training programs customized to improve your success in the business world. With proven systems in place, you can thrive in this evolving environment. Most Profitable Franchises to Own When considering franchise ownership, it’s essential to identify the most profitable options available, as these can provide significant financial returns and stability in a competitive market. Technology services franchises, like CMIT Solutions, offer high profit margins through predictable monthly recurring revenue, catering to the needs of small and medium-sized businesses. Healthcare franchises consistently rank among the most profitable owing to ongoing demand and an aging population. Business services franchises likewise attract owners with their operational efficiency and recurring revenue potential. Moreover, home services franchises benefit from strong demand and low operational costs, leading to high profit margins. Finally, automotive service franchises remain profitable as a result of the constant need for vehicle maintenance and repair, offering steady income streams for franchisees. Best Franchises to Own With Low Investment Franchise ownership doesn’t have to be out of reach; many options require a relatively low initial investment while still offering strong potential for growth and profitability. Consider these top franchises with low investment: CMIT Solutions: Initial investment ranges from $106,450 to $159,450, focusing on technology services. Home-Based Services: These franchises cater to growing demands in cleaning, gardening, and handyman services. Educational Franchises: They tap into the increasing need for tutoring and skill development. These franchises often provide significant growth potential in emerging markets, backed by all-encompassing training programs and ongoing support. With lower competition and strong community ties, you can effectively build customer loyalty and improve your chances for success in the franchise environment. Frequently Asked Questions What Is the Most Lucrative Franchise to Own? The most lucrative franchise to own often operates in high-demand sectors like technology services or healthcare. These industries typically offer strong profit margins and recurring revenue potential. For example, franchises such as CMIT Solutions generate predictable monthly income, appealing to franchisees looking for profitability. Furthermore, established brands with solid support systems can improve financial success, as they often provide franchisees with the tools and resources needed to thrive in competitive markets. What Is the Best Franchise to Own for Beginners? If you’re a beginner considering franchise ownership, look for opportunities with strong training programs and ongoing support. Franchises like CMIT Solutions provide a solid foundation with proven business models, making the shift smoother. Focus on sectors with consistent demand, such as home or educational services, ensuring stability. The investment typically ranges from $106,450 to $159,450, allowing you to minimize financial risk during maximizing your chances of success in the franchise market. What Franchise Can I Buy for $10,000? If you’re looking to buy a franchise for under $10,000, consider options like Jan-Pro or Jazzercise, which have initial investments of $3,500 and $4,000 respectively. Many low-cost franchises focus on service industries, such as cleaning or tutoring, where demand is high. These franchises often come with extensive training and support, helping you navigate the business environment more effectively. This structured model can increase your chances of success compared to starting independently. Why Is It Only $10,000 to Open a Chick-Fil-A? Chick-fil-A‘s initial franchise fee is only $10,000 because of its unique business model. The company retains ownership of the restaurant and its assets, allowing you to focus solely on operations. Although the low fee is appealing, you’re still required to invest at least $200,000 for working capital, ensuring you can cover operational costs. Chick-fil-A additionally offers extensive training and support, contributing to the potential for a quicker return on your investment. Conclusion In summary, choosing the right franchise can greatly affect your entrepreneurial expedition. By considering factors like profitability, investment level, and target market, you can identify opportunities that align with your goals. Franchises like CMIT Solutions and Firehouse Subs offer proven business models, whereas options in home services and education present low-investment possibilities. Whether you’re a veteran, retiree, or aspiring entrepreneur, there are diverse franchises available to fit your needs and help you succeed in the competitive market. Image via Google Gemini This article, "Top Franchises to Own" was first published on Small Business Trends View the full article

The literature world is up in arms after a prominent author, who also serves as the national ambassador for young people’s literature, denigrated the quality of the majority of children’s literature. Mac Barnett recently published an essay collection for adults, titled Make Believe: On Telling Stories to Children. In his book, he wrote, “So I now offer Barnett’s Addendum to Sturgeon’s Law: Maybe more like 94.7 percent of kids’ books are crud.” The sentence references science fiction author Theodore Sturgeon’s famous 1957 defense of the science fiction genre. Sturgeon wrote that “ninety percent of everything is crud,” and investigated why science fiction among all other literary genres was looked down upon. He believed low quality exists in every genre—no one genre is inherently bad or should be denounced. Barnett is the ninth national ambassador for young people’s literature and an author who has written over 60 children’s books. He was appointed by the nonprofit Every Child a Reader and the Library of Congress (LOC) to raise “national awareness of the importance of young people’s literature as it relates to lifelong literacy, education and the development and betterment of the lives of young people” as explained on the LOC’s website. Children’s lit community takes to social media Authors flocked to social media to share their enragement over Barnett’s words. In one post, a children’s fiction author explained why some members of the children’s literature community were upset, noting that Barnett’s critique of the genre could work to the advantage of bad faith actors seeking to ban books. “He is in a position of power where he could protect and uplift us and instead he says things that cut to the bone and arm book banners? That’s why we’re mad,” the author wrote. “Not because the argument about overly didactic books has no merit. Because what he wrote doesn’t HELP CHILDREN’S LITERATURE.” A letter has circulated calling for Every Child a Reader and the LOC, as sponsors of Barnett’s ambassadorship, to publicly address the harm caused by his words and work to minimize any damage done. The letter has collected more than 300 signatures. At the first stop of his Make Believe book tour, during a conversation moderated by Jeff Kinney, author of the Diary of a Wimpy Kid series, Barnett acknowledged the backlash and apologized for what he wrote, according to a clip of the discussion shared on Threads. Reacting to screenshots of his words shared online by writers, illustrators, and people in the children’s book community, Barnett said, “I saw that sentence and my name next to it and I was like, ‘Oh no.’ Because in a lot of ways it was the opposite . . . of the point I wanted to make in this book, which was about striving to make the best books for kids.” He added that he would have written it differently in hindsight. “If anybody saw it and felt like I let them down, I’m so sorry,” he said. “It’s on me, I did write that sentence and I did not wrap up the argument the right way.” Every Child a Reader and Mac Barnett did not respond to Fast Company’s requests for comment. “The audacity and privilege is incredible” Some commenters on social media said that Barnett’s cynical assessment of the literary world felt especially condescending coming from a white male author. “It is absolutely disrespectful for an author, especially a white man who isn’t up against any of the obstacles his BIPOC and queer counterparts are, to call a majority of kids’ books ‘crud’ in his latest book,” one literary agent posted on Threads. “Not to mention that he’s the current National Ambassador for Young People’s Literature. The audacity and privilege is incredible.” One author posted, “This Mac Barnett conversation is fascinating. The disparities in grace given and accountability expected are telling.” This discourse is coincidentally taking place during Children’s Book Week, the longest-running national celebration of books for youth, which celebrates the joy of reading, schools, libraries, and bookstores. Writer George M. Johnson posted, “Mac Barnett needs to step down,” adding that his 94.7% statement “reeks of a higher percentage than even a moms for liberty rep would say. I want him OUT.” Johnson is the author of All Boys Aren’t Blue, one of the most banned LGBTQIA+ books in schools in the United States. Some agree with Barnett Not everyone disagreed with Barnett’s words. Some understood where he was coming from, believing he could’ve possibly worded his argument differently or strengthened it to avoid negative reactions. An educator posted, “[But] this is spot on. As an elementary librarian, I’ve been ranting for several years about the absolute onslaught of moralistic, preachy, didactic books pushed on kids. And they don’t want them!” The educator added that Barnett’s words were likely tongue in cheek and possibly “missed the mark.” Afoma Umesi, founder and editor of Reading Middle Grade, who curates book lists and writes book reviews for kids of all ages, shared her thoughts to Substack on where Barnett was right and wrong. “Barnett’s wry tone, which is one of his best qualities as a writer, is also what makes the 94.7 percent quote land as condescension rather than invitation for many readers,” she wrote. Umesi explained how in a time where children’s publishing is under pressure from book banning and school library budgets are getting cut, when someone of Barnett’s position labels literature as “crud,” “it gets used by people who do not love children’s books to justify their contempt for them and it gets amplified by people who do love them but enjoy the feeling of superiority that comes with agreeing that most of it is trash.” View the full article

If you’re considering a franchise, it’s important to understand the top options available. Franchises like CMIT Solutions and Firehouse Subs offer established models with high profit potential in technology and food services. The UPS Store and Kumon cater to community needs, making them reliable choices. Low investment franchises in home and educational services likewise present significant growth opportunities. Exploring these options can lead you to the ideal franchise that suits your goals and market demands. Key Takeaways CMIT Solutions offers profitable technology services with high margins and strong support networks, making it a top choice for franchise ownership. Firehouse Subs provides a solid food service opportunity with community engagement and a proven business model appealing to various franchisees. Home services franchises, including Heroes Lawn Care, are in high demand and offer low operational costs, making them attractive for new owners. Educational franchises like Kumon and Mathnasium cater to growing tutoring needs, providing a rewarding option with ongoing support for franchisees. Flexible business models in franchises allow for various investment levels, making it easier for retirees and first responders to enter entrepreneurship. Best Franchise Opportunities for Veterans Are you a military veteran considering franchise ownership? You’re in luck, as many good franchises to own cater particularly to veterans, recognizing your unique skill set. Notable options include CMIT Solutions, which offers a 20% discount on franchise fees and a structured business model. Other top franchises to own include The UPS Store, Dream Vacations, JDog Junk Removal, and Kumon Math & Reading Centers, all providing robust support systems. If you prefer service-oriented businesses, consider Firehouse Subs or Heroes Lawn Care, which leverage your crisis management skills and additionally offer financial incentives. These most lucrative franchises to own not just align with your experience but furthermore provide a viable path toward successful business ownership in the civilian world. Best Franchise Opportunity for First Responders If you’re a first responder looking to shift into business ownership, exploring franchise opportunities can be a smart move. Ideal industries, such as food service and home maintenance, align well with your skills and service-oriented mindset, ensuring a steady customer base. Furthermore, supportive franchise networks and flexible business models make it easier for you to balance your new responsibilities with ongoing community engagement. Ideal Franchise Industries Recognizing the valuable skills that first responders bring to the table, various franchise industries present excellent opportunities for those looking to shift into entrepreneurship. The most successful franchises to own for first responders often focus on community service and leadership, making them a great fit. Here are a few ideal industries: Franchise Type Notable Examples Key Benefits IT Services CMIT Solutions Problem-solving alignment Food & Beverage Firehouse Subs Community engagement Lawn Care Services Heroes Lawn Care Service-oriented approach These franchises not only provide financial incentives but also offer structured training to help you transition smoothly into business ownership, ensuring you can leverage your skills as well as achieving personal financial goals. Supportive Franchise Networks Supportive franchise networks play a vital role in helping first responders shift into successful business ownership. By leveraging their crisis management skills and service-oriented mindset, you can excel in franchise opportunities that offer structured support systems. Here are three key benefits: Tailored Training Programs: Franchises like CMIT Solutions and Firehouse Subs provide specific training and financial incentives, making it easier for you to move into entrepreneurship. Ongoing Operational Support: You’ll receive continuous assistance in operations, marketing, and access to peer networks, which are important as you adapt to running a business. Community Engagement: Many franchises emphasize local connections, allowing you to maintain strong ties to the community as you build your business. These elements can greatly improve your success rate in the franchising sector. Flexible Business Models The franchise industry offers various flexible business models that align well with the skills and lifestyles of first responders. Your crisis management and service-oriented abilities make you an excellent fit for franchise ownership. Many franchises, like CMIT Solutions and Firehouse Subs, provide financial incentives and support programs particularly for first responders, which can help lessen the initial investment burden. Furthermore, robust training and ongoing support are available, essential for those shifting into entrepreneurship. Opportunities in home services and business services allow you to maintain a flexible schedule, accommodating your unique commitments. More franchise options focusing on community service enable you to continue your dedication to helping others as you build a successful business. Top Franchises for Retirees As you approach retirement, owning a franchise can offer a fulfilling way to stay active during earning income. The best franchises for retirees typically feature flexible work hours and low initial investment, allowing you to balance your new venture with personal interests. Options like CMIT Solutions and Cruise Planners cater to your needs, making the shift into entrepreneurship smoother and more manageable. Flexible Work Hours When exploring franchise opportunities, retirees often find that flexible work hours are a key advantage, allowing them to balance their entrepreneurial ambitions with personal commitments. This aspect is essential for maintaining a fulfilling lifestyle during engagement in business. Here are three benefits of flexible work hours for retirees: Personal Balance: You can manage family obligations and leisure activities alongside work responsibilities. Low Physical Demands: Many franchises, like CMIT Solutions and Home Instead, require minimal physical effort, making them suitable for those seeking manageable commitments. Tailored Support: Franchises like Dream Vacations and Seniors Helping Seniors offer training and resources designed particularly for retirees, ensuring you feel confident in your entrepreneurial expedition. Flexible hours can help you thrive both personally and professionally. Low Initial Investment Low initial investment options are increasingly appealing to retirees looking to enter the franchise world. Franchises like CMIT Solutions offer an investment range of $106,450 to $159,450, making it accessible for those with limited capital. These opportunities often have low physical demands, allowing retirees to manage their ventures comfortably. Service-oriented sectors, such as home care and educational services, consistently show demand and growth potential, which is beneficial for new franchisees. Notable franchises, including Cruise Planners and Home Instead, provide extensive training and support to ease the shift into business ownership. Furthermore, the franchise sector actively recognizes retirees, offering financial incentives and mentorship programs to facilitate their entry and success in this rewarding endeavor. Best Franchises to Own for Beginners Entering the domain of franchising can be a smart move for beginners, especially when you choose a franchise that offers robust training and support. Here are three key factors to take into account: Comprehensive Training Programs: Look for franchises, like CMIT Solutions, that provide crucial training and development customized for those with limited business experience. Proven Systems: Successful first-time franchise owners often select opportunities with clear operational guidelines, simplifying the shift into business ownership. Affordability: With a low initial investment range of $106,450 to $159,450, franchises like CMIT Solutions are accessible for beginners enthusiastic to enter the market. Prioritizing these factors can greatly improve your chances of success in the competitive world of franchising. Top Franchises to Own in Small Towns Have you considered the unique opportunities that small towns offer for franchise ownership? In these communities, franchises often face less market saturation, which can lead to stronger connections with customers and higher retention rates. Crucial services like home repair, cleaning, and educational franchises provide reliable income as they meet local demand. For instance, CMIT Solutions delivers IT services, allowing you to serve local clients as you access metropolitan markets for growth. Educational franchises, such as Kumon and Mathnasium, thrive by catering to families seeking supplemental resources for their children. Moreover, food and beverage franchises like Jersey Mike’s Subs capitalize on community loyalty, contributing to the local economy through job creation and engagement. These options make small towns a viable choice for aspiring franchise owners. Top Franchise Opportunities for Women As the franchise environment continues to evolve, you’ll find that opportunities customized for women are becoming increasingly abundant and accessible. Women are now the fastest-growing segment of franchise ownership, with many franchisors offering specialized support. Here are three top franchise opportunities designed for women: CMIT Solutions – Focuses on IT services with robust mentorship programs. The UPS Store – Provides flexible scheduling and a well-established support network. Kumon and Mathnasium – Educational franchises that empower women to lead in their communities. These franchises not only allow you to leverage your leadership skills but also offer financial incentives and training programs customized to improve your success in the business world. With proven systems in place, you can thrive in this evolving environment. Most Profitable Franchises to Own When considering franchise ownership, it’s essential to identify the most profitable options available, as these can provide significant financial returns and stability in a competitive market. Technology services franchises, like CMIT Solutions, offer high profit margins through predictable monthly recurring revenue, catering to the needs of small and medium-sized businesses. Healthcare franchises consistently rank among the most profitable owing to ongoing demand and an aging population. Business services franchises likewise attract owners with their operational efficiency and recurring revenue potential. Moreover, home services franchises benefit from strong demand and low operational costs, leading to high profit margins. Finally, automotive service franchises remain profitable as a result of the constant need for vehicle maintenance and repair, offering steady income streams for franchisees. Best Franchises to Own With Low Investment Franchise ownership doesn’t have to be out of reach; many options require a relatively low initial investment while still offering strong potential for growth and profitability. Consider these top franchises with low investment: CMIT Solutions: Initial investment ranges from $106,450 to $159,450, focusing on technology services. Home-Based Services: These franchises cater to growing demands in cleaning, gardening, and handyman services. Educational Franchises: They tap into the increasing need for tutoring and skill development. These franchises often provide significant growth potential in emerging markets, backed by all-encompassing training programs and ongoing support. With lower competition and strong community ties, you can effectively build customer loyalty and improve your chances for success in the franchise environment. Frequently Asked Questions What Is the Most Lucrative Franchise to Own? The most lucrative franchise to own often operates in high-demand sectors like technology services or healthcare. These industries typically offer strong profit margins and recurring revenue potential. For example, franchises such as CMIT Solutions generate predictable monthly income, appealing to franchisees looking for profitability. Furthermore, established brands with solid support systems can improve financial success, as they often provide franchisees with the tools and resources needed to thrive in competitive markets. What Is the Best Franchise to Own for Beginners? If you’re a beginner considering franchise ownership, look for opportunities with strong training programs and ongoing support. Franchises like CMIT Solutions provide a solid foundation with proven business models, making the shift smoother. Focus on sectors with consistent demand, such as home or educational services, ensuring stability. The investment typically ranges from $106,450 to $159,450, allowing you to minimize financial risk during maximizing your chances of success in the franchise market. What Franchise Can I Buy for $10,000? If you’re looking to buy a franchise for under $10,000, consider options like Jan-Pro or Jazzercise, which have initial investments of $3,500 and $4,000 respectively. Many low-cost franchises focus on service industries, such as cleaning or tutoring, where demand is high. These franchises often come with extensive training and support, helping you navigate the business environment more effectively. This structured model can increase your chances of success compared to starting independently. Why Is It Only $10,000 to Open a Chick-Fil-A? Chick-fil-A‘s initial franchise fee is only $10,000 because of its unique business model. The company retains ownership of the restaurant and its assets, allowing you to focus solely on operations. Although the low fee is appealing, you’re still required to invest at least $200,000 for working capital, ensuring you can cover operational costs. Chick-fil-A additionally offers extensive training and support, contributing to the potential for a quicker return on your investment. Conclusion In summary, choosing the right franchise can greatly affect your entrepreneurial expedition. By considering factors like profitability, investment level, and target market, you can identify opportunities that align with your goals. Franchises like CMIT Solutions and Firehouse Subs offer proven business models, whereas options in home services and education present low-investment possibilities. Whether you’re a veteran, retiree, or aspiring entrepreneur, there are diverse franchises available to fit your needs and help you succeed in the competitive market. Image via Google Gemini This article, "Top Franchises to Own" was first published on Small Business Trends View the full article

A belief in resilience underwritten by big lasting state support is keeping stocks highView the full article

The latest offer, 70 cents per share higher than previously agreed to, equals the cash proposal made by UWM Holdings to win over Two Harbors' shareholders. View the full article

Visa has recently announced an exciting development for the payments ecosystem: the expansion of its Agentic Ready program into Asia Pacific and Latin America. Aimed at equipping small businesses and financial institutions for the future of commerce, this initiative allows participants to explore the capabilities of AI-driven commerce. With AI agents set to take a more active role in commerce—managing tasks from searching for information to executing transactions—Visa’s Agentic Ready program is designed to help businesses prepare for this rapidly changing landscape. As Rubail Birwadker, SVP of Growth Products & Partnerships at Visa, stated, “Across markets, we’re seeing growing interest in how AI agents could reshape commerce. Visa Agentic Ready provides banks and issuing partners with a structured path to testing agent-initiated payments, learning what works, and ensuring global readiness as these experiences reach scale.” This global initiative builds on the program’s success in Europe and is set to roll out to over 85 partners across the newly added regions. This expansion is particularly relevant for small business owners who are keen to innovate and adapt in order to keep pace with technological advancements. The Agentic Ready program offers several key benefits for businesses: Testing in Real-World Environments: Participants can test AI-driven transactions in controlled settings. This hands-on approach allows businesses to refine their processes without taking on undue risk. Validation of Payment Flows: The program provides an opportunity to validate essential transaction workflows, including card enrollment, tokenization, and authorization. This can enhance security and consumer trust, critical components for any small business. Trust and Security Mechanisms: As AI agents begin to conduct transactions, businesses need to address potential concerns about security and control. Agentic Ready will help identify and fortify these operational gaps. Collaboration with Visa and Merchants: The program encourages collaboration with Visa and selected merchants, fostering an environment of shared learning that can result in richer business insights. These features make Agentic Ready an appealing option for small businesses eager to harness the power of AI in their daily operations, especially as they look to reach new customers and manage transactions more efficiently. Yet, while the opportunities are vast, small business owners should also consider potential challenges associated with adopting new technologies. Establishing trust in AI-driven systems could prove difficult for consumers unused to such innovations. Additionally, the transition period may require additional training for staff members who will operate or oversee these technologies. Small business owners may also face the initial burden of costs associated with these upgrades. The investment in technology may be considerable, and businesses must weigh the potential return against their current needs and resources. Moreover, as new technologies evolve, so must the regulatory environment. Small business owners will need to stay abreast of any legal implications that may arise from adopting AI in payment processes. Agentic Ready aims to provide support as businesses navigate these changes, shifting the focus from theory to practice. With more than 20 partners already engaged in Europe, and the program set to work with a vast network across Asia Pacific and Latin America, Visa is on the forefront of fostering innovation in commerce. As AI continues to shape consumer behavior, small businesses that embrace this evolution through programs like Agentic Ready will likely position themselves to capitalize on new market opportunities. For more information about the Agentic Ready program and its implications for small businesses, visit the original Visa press release. Image via Google Gemini This article, "Visa Expands Agentic Ready Program to Boost AI-Driven Commerce Globally" was first published on Small Business Trends View the full article

Visa has recently announced an exciting development for the payments ecosystem: the expansion of its Agentic Ready program into Asia Pacific and Latin America. Aimed at equipping small businesses and financial institutions for the future of commerce, this initiative allows participants to explore the capabilities of AI-driven commerce. With AI agents set to take a more active role in commerce—managing tasks from searching for information to executing transactions—Visa’s Agentic Ready program is designed to help businesses prepare for this rapidly changing landscape. As Rubail Birwadker, SVP of Growth Products & Partnerships at Visa, stated, “Across markets, we’re seeing growing interest in how AI agents could reshape commerce. Visa Agentic Ready provides banks and issuing partners with a structured path to testing agent-initiated payments, learning what works, and ensuring global readiness as these experiences reach scale.” This global initiative builds on the program’s success in Europe and is set to roll out to over 85 partners across the newly added regions. This expansion is particularly relevant for small business owners who are keen to innovate and adapt in order to keep pace with technological advancements. The Agentic Ready program offers several key benefits for businesses: Testing in Real-World Environments: Participants can test AI-driven transactions in controlled settings. This hands-on approach allows businesses to refine their processes without taking on undue risk. Validation of Payment Flows: The program provides an opportunity to validate essential transaction workflows, including card enrollment, tokenization, and authorization. This can enhance security and consumer trust, critical components for any small business. Trust and Security Mechanisms: As AI agents begin to conduct transactions, businesses need to address potential concerns about security and control. Agentic Ready will help identify and fortify these operational gaps. Collaboration with Visa and Merchants: The program encourages collaboration with Visa and selected merchants, fostering an environment of shared learning that can result in richer business insights. These features make Agentic Ready an appealing option for small businesses eager to harness the power of AI in their daily operations, especially as they look to reach new customers and manage transactions more efficiently. Yet, while the opportunities are vast, small business owners should also consider potential challenges associated with adopting new technologies. Establishing trust in AI-driven systems could prove difficult for consumers unused to such innovations. Additionally, the transition period may require additional training for staff members who will operate or oversee these technologies. Small business owners may also face the initial burden of costs associated with these upgrades. The investment in technology may be considerable, and businesses must weigh the potential return against their current needs and resources. Moreover, as new technologies evolve, so must the regulatory environment. Small business owners will need to stay abreast of any legal implications that may arise from adopting AI in payment processes. Agentic Ready aims to provide support as businesses navigate these changes, shifting the focus from theory to practice. With more than 20 partners already engaged in Europe, and the program set to work with a vast network across Asia Pacific and Latin America, Visa is on the forefront of fostering innovation in commerce. As AI continues to shape consumer behavior, small businesses that embrace this evolution through programs like Agentic Ready will likely position themselves to capitalize on new market opportunities. For more information about the Agentic Ready program and its implications for small businesses, visit the original Visa press release. Image via Google Gemini This article, "Visa Expands Agentic Ready Program to Boost AI-Driven Commerce Globally" was first published on Small Business Trends View the full article

If you’ve been debating whether or not to pick up a Nintendo Switch 2 then you’ll want to act soon. Nintendo says it is raising the Switch 2’s price from $450 to $500 in the U.S. due to “changes in market conditions,” most notably the global shortage of random access memory (RAM). The change is set to go into effect on September 1. Similar price increases will simultaneously occur in Canada ($630 CAD to $680 CAD) and Europe (€470 to €500). In Japan, the system’s MSRP (manufacturer’s suggested retail price) will rise a bit earlier, going from ¥49,980 to ¥59,980 on May 25. Nintendo blames the widespread change on the fact that market condition changes are likely to have an impact “over the medium to long term.” Sony pointed to similar factors in March when it raised the PlayStation 5’s price by up to $150. “We sincerely apologize for the impact these price revisions may have on our customers and other stakeholders and we deeply appreciate your understanding,” Nintendo stated in its announcement. The news came alongside Nintendo’s earnings report for fiscal 2026, which ended on March 31. The company reported 19.86 million units sold for the fiscal year—the Switch 2 arrived about one quarter in on June 5, 2025. In contrast, it predicts the sale of 16.5 million units for all of fiscal 2027. Nintendo points to both the price increase and “strong launch-year sales” as reasons for the expected decline. What’s going on with chip shortages? The Switch 2 needs memory chips to run, the same ones that are facing huge shortages and price increases. That situation is thanks to AI companies, which require a tremendous amount of memory to run their data centers and respond to billions of daily requests for chatbots. Memory makers like Micron Technology and Sandisk Corporation are seeing incredible demand for their products. The share prices for those companies reflect it, with Micron (Nasdaq: MU) up 653% and Sandisk (Nasdaq: SNDK) up 3,450% year-over-year (YOY). These companies are not only supplying a great deal of memory to AI data centers, but also potentially diverting resources toward that endeavor, rather than consumer products. Nintendo, Sony, and more face higher prices for memory chips, along with a smaller quantity available. View the full article

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His $56bn hostile bid for eBay has baffled Wall Street, but it could be the world’s first meme stock-driven deal View the full article

TCI has cut its position in tech giant from 10% to 1%View the full article