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At one point in my life, I managed a team of seven. My days consisted of 1:1 calls, performance reviews, and running interference between the team, other departments, and customers. I thought that’s what I wanted: the perceived power and responsibility of being a manager. But in reality, it was very stressful. Today, I have been a solopreneur for three years. The assumption is that solo businesses are a starting point. You launch alone, build momentum, hire employees, and scale. That’s the entrepreneur’s playbook, right? But over 80% of small businesses in the U.S. have no employees, according to the U.S. Small Business Administration. For many of us, that’s not a limitation. Staying solo is a deliberate strategy that prioritizes control and flexibility over growth for growth’s sake. Small is a strategy, not a stepping stone The “grow or die” mentality makes sense for companies that have dreams of becoming large, enterprise organizations. And some small businesses may have that dream. The cultural assumption is that a solo business is Phase One: something to outgrow. But many solopreneurs are choosing to stay small permanently. Hiring employees fundamentally changes what you do every day. You stop being a practitioner and become a manager. Some people want that transition. Many don’t — and recognizing that isn’t a failure of ambition. It’s simply prioritizing a different way of working. Revenue isn’t profit A report by Gusto found that 77% of solopreneurs are profitable in their first year, compared to just 54% of businesses with employees. And 93% of solopreneurs expect to be profitable in 2025, versus 80% of employer businesses. A company earning a million dollars per year sounds impressive until you subtract salaries, benefits, payroll taxes, equipment, and the overhead required to keep it all running. The owner of that business may take home less than a solopreneur earning a third of that revenue with almost no overhead. When you stay solo, you can increase your effective rate by being selective. You might take on fewer, better-paying clients instead of chasing volume. In the end, revenue is a vanity metric if you’re working more hours for less take-home pay. You don’t need permission to reinvent yourself Staying solo means retaining total control over your business and your life. When you have employees, every pivot requires buy-in, transition planning, and often difficult conversations. You can’t just decide to raise your rates, shift your niche, or take a three-month sabbatical. In the several years I’ve worked for myself, I’ve gone through several iterations of “Who am I? What do I do? What clients should I serve?” I can change my entire service offering without consulting anyone. I can walk away from a client who isn’t working out without worrying about how it affects someone else’s paycheck. That flexibility is especially valuable in an uncertain economy because I can respond to market changes in days, not months. The question solopreneurs should ask themselves isn’t necessarily, “How can I grow and scale?” It’s “What kind of business do I actually want to run?” View the full article

The venerable business case study method got its start in 1921 at the Harvard Business School. The method became standard at the school throughout the 1920’s and since then Harvard has a near-monopoly grip on the business, selling its cases to over 4,000 rival schools. Cases can be useful and informative, but recognize that they aren’t reality. The companies featured typically require that the case writer submit the case to them for approval. That introduces survivor bias—whoever is still around at the time of publication gets to dictate how the narrative is told. Another issue is that the companies selected and held up as exemplars are subject to the halo effect. This is the tendency to believe that because a company was successful, copying its practices will create success elsewhere. Unfortunately, the iron law of transient advantage is hard to escape. The 1995 Dell case doesn’t hold up so well. A 2002 case about Nokia centered on how the successful phone company was going to deal with the €8 billion in cash piling up in its accounts. And don’t even get me started on the 618 (!) cases that feature the General Electric Corporation. Which brings me to the decades of adulation long accorded to Southwest Airlines. The Shortest Distance to Just Another Airline Southwest Airlines ran a Super Bowl ad this year. In it, passengers scramble through a jungle, climbing over each other in a chaotic race to grab seats. The tagline? “That was wild. Assigned seating is here.” The ad was intended (I think) to indulge in gentle mockery of the past. I found it jarring. Herb Kelleher, the airline’s colorful co-founder, would have been horrified, I think. I last met with him (over a Wild Turkey bourbon, of course) at the Strategic Management Society Meetings in 2004 and he was adamant—employees first, deep attention to details, and most importantly, fun! The many (348!) cases, book chapters, and textbook references to Southwest reference its tightly integrated strategy where every element reinforced every other, allowing it to be profitable in a notoriously tough business. Kelleher’s insight was that there was a particular kind of flyer whose other option was driving, so short flights that replaced a 4-5 hour drive were attractive. That meant you didn’t have to offer meals. One aircraft type (Boeing 737s) meant simplified maintenance, training, and scheduling. Open seating enabled 20-minute turnarounds instead of competitors’ 35 minutes. That extra utilization squeezed more flights from every plane. Bags fly free meant fewer delays at check-in and faster boarding. Employees came first and everybody pitched in. Pilots helped clean cabins, gate agents jumped in wherever needed. And even with all that, the company’s culture of having fun at work made the operational discipline feel human rather than mechanical. One of my favorite examples is a flight attendant rapping the entire safety briefing to the tune of “Ice, Ice, Baby.” Or this one, safety with a sprinkling of humor. The takeaway The big teaching point from the Southwest cases is that competitive advantage isn’t about any single policy. It’s about the fit between policies. Remove one piece and the whole system weakens. Southwest has now removed all of them. Assigned seating went into effect January 27th. “Bags fly free” ended in May 2025. The company is adding premium extra-legroom sections and tiered fare bundles. They’ve announced redeye flights and partnerships with Icelandair. They’ve conducted the first layoffs in their 53-year history. At least they are honest—their COO explained the bag fee reversal with refreshing candor: “We need more revenue to cover our costs.” Activist investors at Elliott Management got what they wanted. But what exactly has Southwest become? As one former loyalist put it: “There’s simply no reason to fly Southwest anymore.” Southwest’s leadership cited research showing “8 out of 10 customers prefer assigned seating.” They also acknowledged that after fare and schedule, bags fly free was cited as the #1 reason customers choose Southwest. The problem is that when you remove that differentiator, you’re now competing on fare and schedule against Delta, United, and American, carriers with better route networks, international reach, premium cabins, and decades more experience operating their models. Like all the other airlines, we are likely to now see pitched battles for overhead space, another blow to a business model built on fast airport turnarounds. The Super Bowl ad could be a case study in strategic confusion. Southwest is making fun of customers who were passionately loyal to what made Southwest different, while asking those same customers to believe the company’s “legendary hospitality” somehow exists independent of the operational system that enabled it. Take lessons from case studies with caution There’s a deeper lesson here. Case studies are snapshots. They capture what worked at a particular moment, under particular boundary conditions. What they don’t speak to is what to do when those conditions shift. Southwest’s open seating made sense for the short-hop flights taken by their initial core customers. When the alternative was expensive legacy carriers, those customers would have been driving were it not for Southwest. By 2024, travelers had options that didn’t exist in 1971 or 1991 or even 2011. JetBlue offered assigned seats with personality. Spirit and Frontier offered unbundled ultra-low fares. Delta went upmarket with better service. The white space Southwest once occupied got crowded. My friends Zeynep Ton and Frances Frei exchanged concerns for the culture of the airline. Frei, a professor at Harvard Business School, captured this concern: “I sure hope this isn’t a case of activist investors coming in and insisting on a set of decisions that they won’t be around to have to endure. Great organizations get built over time. It doesn’t take very long to ruin an organization.” I’m not arguing Southwest should have frozen in amber forever. Markets change. Customer preferences evolve. Even the most elegant strategy eventually needs updating. But there’s a difference between thoughtful evolution and abandoning your model. Herb Kelleher once said humility and discipline go together: “You can’t really be disciplined in what you do unless you are humble and open-minded.” He built an airline that knew exactly what it was, knew exactly who it served, and had the discipline to say no to opportunities that didn’t fit. Southwest’s new leadership knows what investors want. Whether they know what Southwest is anymore—that’s less clear. View the full article

Google Ads PMax placement reporting is now populating with data for more accounts, revealing Search Partner domains and impression counts for brand safety review. The post Google Ads Surfaces PMax Search Partner Domains In Placement Report appeared first on Search Engine Journal. View the full article

While I generally consider Chrome to be a mature, feature complete browser, it's great to see that Google is still making meaningful additions to it. With its latest update, Google Chrome for desktop now has three new productivity features: Split View, PDF annotations, and the ability to save downloads directly to Google Drive. These features are targeted at both regular and enterprise users, the company says, so you don't need to worry about Workspace exclusivity. Let's take a look at each new feature and how you can best use it. Split View lets you boost your productivity Credit: Google Over the years, the internet browser has become a super app of sorts, since it has access to so many useful sites and web apps. In Chrome, I often find myself taking notes while attending meetings online, or keeping a second tab open for research while I write articles. For many people, a single Chrome tab or window is no longer enough, and with that in mind, Google's added Split View to the desktop version of its browser. Split View merges two tabs and displays them in the same window. You can think of it like the split-screen view in old school video games. You can use Split View by right-clicking any tab and selecting Add Tab to New Split View. For now, Chrome allows you to have a maximum of two tabs side by side in Split View, although I hope you'll eventually be able to add more in the future. In its current form, the feature is great for using Google Docs while watching an educational video, or similar two-tab use cases. Finally, no more opening single tabs in separate windows and then resizing them into your own, makeshift split view. You can easily drag the slider in between the two tabs to give one tab more screen space than the other. Or for more control, you can click the Split View button to the left of the address bar and select the Arrange Split View menu (this is also available if you right click the merged tabs in your tab bar). This is an easy way to quickly reverse the order of the two tabs, separate them, or close just one of the tabs. Annotate PDFs in Chrome Credit: Google Let's be honest: Chrome is probably the PDF viewer that most people use. No matter how many fancy PDF editing apps I or my colleagues recommend, for the most part, you're going to search for and open PDFs in your browser. Luckily, now you no longer have to use a different app for basic annotations. Chrome's desktop PDF Viewer now has tools for highlighting text, adding notes, and even making digital signatures. You're still going to need a different app for advanced PDF edits, but Chrome is now capable enough to handle the basics. Save PDF files directly to Google Drive Credit: Google Whenever you download a PDF file using Google Chrome, it defaults to saving them to the Downloads folder on your computer, or to another location on your hard drive. On desktop, Google now lets you save these files directly to your Google Drive account. This can be very useful if you want to keep your local storage clear. When you open a PDF file in Chrome, you'll see a Google Drive icon in the toolbar, next to the download button. Clicking the Google Drive icon will automatically save it to the cloud storage service, in a new folder called "Saved from Chrome." View the full article

Is it lawful to call boneless chicken wings ‘wings’? According to a U.S. District Judge, yes. On Tuesday in Illinois, Judge John Tharp reached a verdict in a case brought against Buffalo Wild Wings alleging that the wings aren’t wings and shouldn’t be referred to as such on the restaurant chain’s menu. The suit, which was first brought by customer Aimen Halim in March 2023, claimed the business had violated the Illinois Consumer Fraud Act by referring to the product as “boneless wings” instead of something the plaintiff deemed more fitting, such as “chicken nuggets. In the end, the judge didn’t feel the case had any bones. In a 10-page ruling, Tharp wrote, “Boneless wings are not a niche product for which a consumer would need to do extensive research to figure out the truth. Instead, ‘boneless wings’ is a common term that has existed for over two decades.” Tharp continued, asserting that the plaintiff didn’t have enough solid evidence to prove Buffalo Wild Wings was at fault. “Halim did not ‘drum’ up enough factual allegations to state a claim. Though he has standing to bring the claim because he plausibly alleged economic injury, he does not plausibly allege that reasonable consumers are fooled by Buffalo Wild Wings’ use of the term ‘boneless wings.'” The judge also cited a 2024 Supreme Court case, which also involved boneless wings at a different establishment in Ohio. In that case, the plaintiff was allegedly injured by a bone from a so-called “boneless wing” getting lodged in his throat. However, the court ruled that under Ohio law, “a reasonable consumer could have reasonably anticipated and guarded against the bone at issue”, regardless of it being called “boneless.” Judge Tharp wrote, “As the Ohio Supreme Court recently put it, ‘[a] diner reading ‘boneless wings’ on a menu would no more believe that the restaurant was warranting the absence of bones in the items than believe that the items were made from chicken wings, just as a person eating ‘chicken fingers’ would know that he had not been served fingers.” Now, Buffalo Wild Wings is celebrating the case’s dismissal. In a social media post, the chain wrote, “They’re called boneless wings and will forever be called boneless wings. Celebrate the court’s decision today with BOGO FREE boneless wings.” According to the chain’s website, the BOGO deal happens every Thursday. Regardless of the fact that the lawsuit has been tossed, the conversation about whether boneless wings are wings is still popping off. Commenters on Buffalo Wild Wing’s celebratory post ranged from pure disgust with the verdict to fierce defense of both the chain and of boneless wings. “This makes me never want to go to BWW…,” one user wrote. “They aren’t ‘Buffalo wings’, they’re just wings AND your ‘boneless wings’ are chicken tenders. C’mon man.” Others called the wings “grown up chicken nuggets” or simply vented that the chain’s wings are subpar in general. On the contrary, some commenters expressed their enthusiasm for the menu item. “Boneless wings are the only wings that should be consumed,” wrote another X user on the post. While the judge made his ruling, he also said that the plaintiff can amend his initial complaint by March 20. Halim will have the opportunity to “provide additional facts about his experience that would demonstrate that BWW is committing a deceptive act.” View the full article

Walgreens will lay off hundreds of employees as the pharmacy chain continues to struggle with increased competition and higher-than-desired costs. On top of this, the newly private company is expected to close at least another few dozen retail stores in 2026. Here’s what you need to know. What’s happened? Walgreens has announced that it will cut at least 628 jobs across two states, according to communications it sent to the states in question earlier this month. A Walgreens spokesperson confirmed the layoffs with Fast Company when reached for comment. News of the layoffs was first reported by Bloomberg. The job cuts include 469 positions in the company’s home state of Illinois and 159 jobs in Texas, where the company is shuttering a distribution center. “We’re focused on becoming America’s best retail pharmacy, beginning with improving the in‑store experience for our customers and patients,” Walgreens said in a statement to Fast Company. “To do this, we’ve made the difficult decision to simplify our organization in both the support center  and  with  our field leadership to speed decision making and improve the service that millions of customers rely on every day.” “We have deep respect for our colleagues and greatly appreciate their contributions and are committed to supporting them throughout this transition,” the spokesperson added. Walgreens has been closing stores In addition to the layoffs, Walgreens also reportedly confirmed that it will be closing dozens of stores in 2026. While no exact numbers were given, Bloomberg says the pharmacy chain confirmed that the number of closing locations would be fewer than 100, which is less than previously planned. Walgreens said in 2024 that it had targeted 1,200 stores for closure by 2027. Walgreens will also reportedly open four new locations this year. Pharmacy chains have struggled in recent years Last August, Walgreens went private when the private equity firm Sycamore Partners purchased the company for roughly $10 billion. The move marked the end of the iconic pharmacy chain’s nearly century-long reign as a publicly traded company. For years before the deal, Walgreens, like other pharmacy chains, had struggled with increased online competition from the likes of Amazon and falling foot traffic that was exacerbated by the Covid-19 pandemic. Pharmacy chains have also struggled with rising costs and increasing debts. These factors contributed to competitor Rite Aid’s bankruptcy in 2025 and led to a wave of pharmacy layoffs over the past few years, including at CVS. According to the company’s website, Walgreens currently has around 8,000 locations in the United States and Puerto Rico and employs around 211,000 workers. View the full article

Probe into former Prince Andrew over Epstein ties is an example for the USView the full article

The worst days of the pandemic are long behind us, but the world is still reeling from its aftereffects. For some people, this has driven a dramatic reprioritizing of what’s important in their lives, including where they work and the kind of energy they’re prepared to give to the company that employs them. According to a new survey, one result of the pandemic aftershocks in the workforce is a sharp rise in how much people want to take time off to travel. Younger Americans are so keen to vacation, in fact, that they’re putting off big life decisions and even going into debt. Not only could this shift in priorities affect your business if you’re trying to attract young customers, but it may change how you think about your own staff’s working hours. The data comes from a new survey of a thousand Americans by financial services company Empower, Fortune reports. Headline numbers from the report are that over 90 percent of people are planning domestic travel this year. Plus 33 percent have said they’re not going to wait until retirement to “see the world”–they’re doing it now, instead. And when it comes to money, 47 percent of people said they would spend more on travel this year than last. Even more strikingly, one in five Millennial workers are postponing plans for big purchases, like a home, and will spend the money on travel instead. While the vast majority of workers, 61 percent, said they plan to travel in the summer, 34 percent said they will travel in out-of-season time, and 24 percent said they’d travel for birthdays–these last are both types of trip that are likely to impact their regular work schedule, since they don’t revolve around typical vacation times. In particular, Gen-Z staff, at 28 percent, said they were more likely than older generations to travel for their birthdays, and a quarter of Gen-Z staff liked to plan their trips four weeks or less ahead of time–meaning they’re more likely to spontaneously ask for time off than older employees. Fortune quotes Christie Hudson, head of public relations at online travel firm Expedia, who says that a “significant share” of respondents to a similar, recent Expedia survey plan to travel “no matter what” this year. “In terms of attitude and valuing experiences over things, that whole mentality, people seem very aligned” in the post-pandemic era, she said. This news is playing out as many people continue to feel considerable economic stress thanks to inflation, and amid an epidemic of “quiet vacationing“–remote workers just continuing to work as if they’re at home, but taking a trip without telling their employer, simply because they don’t want to seem like they’re slacking, or can’t afford to take time off. More vacation time and more flexible vacation policy may be anathema to many more traditional U.S. employers–the kind rattling their sabers with strict back-to-office rules because they think staff labor is proved by their grinding away for long hours right where they can see them. But Empower’s data shows more employees–of all ages–are planning vacations. Younger workers (who already dislike the grind of the “traditional” workplace) aren’t shy about showing they want to travel more spontaneously and even postpone big life plans to do so. To attract and retain them, it might be worth reevaluating your company’s PTO policy. An Ernst & Young study shows why this could be a good idea: For each extra 10 hours of vacation time an employee took, their year-end performance jumped 8 percent. Another survey showed that if a staff member takes all their vacation time, they’re actually boosting their chances of getting a raise or promotion. Plus if you want to attract new younger workers, advertising your more generous vacation policy–including, perhaps, relaxed summer work hours–may actually help you recruit or retain Gen-Z staff. Something to think about as you relax and watch the fireworks this upcoming long weekend. —Kit Eaton This article originally appeared on Fast Company’s sister site, Inc.com. Inc. is the voice of the American entrepreneur. We inspire, inform, and document the most fascinating people in business: the risk-takers, the innovators, and the ultra-driven go-getters that represent the most dynamic force in the American economy. View the full article

We may earn a commission from links on this page. Deal pricing and availability subject to change after time of publication. This is one of those rare opportunities that don't come very often in the consumer tech space: You can get a 2025, 65-inch OLED TV from Samsung for $899.99 (originally $1,999.99) from Best Buy. The catch? It's the entry-level OLED version, but it's still an incredible value for the money and the lowest price it has been, according to price-tracking tools. Oh, and the deal expires tonight, Feb. 20, at midnight. Samsung - 65" Class S84F OLED 4K UHD Vision AI Smart Tizen TV (2025) $899.99 at Best Buy $1,999.99 Save $1,100.00 Get Deal Get Deal $899.99 at Best Buy $1,999.99 Save $1,100.00 The last time this deal happened was during the Christmas shopping sales, and before that, during Black Friday. So if you're reading this after the sale ended, you'll likely see the deal again at some major future sale. If you've never owned an OLED before, there are some things you need to know to make sure it's a good fit for you. Perhaps most important is that you'll notice they don't get as bright as QLEDs or LED TVs. Since this is an entry-level OLED, it doesn't have quantum dot technology, which offers a bit higher brightness. Another missing feature that you should know is that there is no Dolby Vision support. But that is where the cons stop. The S84F offers the same near-perfect black levels you can expect from OLED TVs, making the contrast look incredible. The pixel-level dimming will also be on par with other high-end OLEDs, as will the wide viewing angles, so multiple people can enjoy the colors. This TV also offers great features for gamers, including 4K gaming at 120Hz across all of its HDMI 2.1 ports, variable refresh rate, and auto low latency mode. OLED TVs are not normally under a grand, especially newer models like this 2025 one at 65 inches. This is an incredible value for the money for anyone looking to get premium OLED viewing or anyone looking to get their feet wet in the technology. Our Best Editor-Vetted Tech Deals Right Now Apple AirPods 4 Active Noise Cancelling Wireless Earbuds — $139.99 (List Price $179.00) Apple iPad 11" 128GB A16 WiFi Tablet (Blue, 2025) — $329.00 (List Price $349.00) Google Pixel 10a 128GB 6.3" Unlocked Smartphone + $100 Gift Card — $499.00 (List Price $599.00) Apple Watch Series 11 [GPS 46mm] Smartwatch with Jet Black Aluminum Case with Black Sport Band - M/L. Sleep Score, Fitness Tracker, Health Monitoring, Always-On Display, Water Resistant — $329.00 (List Price $429.00) Amazon Fire TV Stick 4K Plus — $29.99 (List Price $49.99) Bose QuietComfort Noise Cancelling Wireless Headphones — $229.99 (List Price $349.00) Samsung Galaxy Tab A9+ 64GB Wi-Fi 11" Tablet (Silver) — $159.99 (List Price $219.99) Deals are selected by our commerce team View the full article

Oracle has unveiled a suite of new role-based AI agents embedded within Oracle Fusion Cloud Applications, aiming to empower small business leaders in marketing, sales, and service to enhance customer experiences and drive productivity. These intelligent tools promise to analyze data, automate processes, and provide predictive insights—all crucial elements for businesses wanting to gain a competitive edge. “Organizations are transforming slow, reactive sales, marketing, and service processes into proactive and intelligent workflows that deliver exceptional customer experiences at scale and drive revenue growth,” said Chris Leone, Oracle’s executive vice president of Applications Development. This indicates a significant pivot toward leveraging data-driven decision-making to foster stronger customer relationships. These AI agents, built using the Oracle AI Agent Studio, come at no additional cost to Oracle Fusion users, integrating seamlessly within existing workflows. This cohesive functionality means that small business owners can enhance their operational efficiency without the need for extensive new investments or training. The AI agents serve a variety of functions tailored to the needs of small businesses looking to optimize different areas of their operations. In marketing, notable features include the Program Planning Agent, which assists in launching cross-sell and up-sell campaigns by defining goals and audience. The Customer Insights Agent deepens understanding of customers through an analysis of account data. Furthermore, the Copywriting Agent automates content creation for various marketing materials, significantly reducing the manual workload and shortening campaign timelines. Sales enhancement is also a key priority. The Contact Insights Agent prioritizes outreach efforts, helping sellers build relationships with high-value contacts. The Quote Generation Agent streamlines pricing and proposal assembly, allowing sellers to quickly respond to inquiries and increase turnover. In the service domain, the Start-of-Day Agent aids field technicians by personalizing daily assignment summaries, boosting first-time fix rates. The Customer Self-Service Agent empowers customers to find immediate answers, enhancing satisfaction and reducing the burden on service teams. For small business owners, the practical applications are extensive. By employing tools like the Audience Analysis Agent, businesses can focus resources where they’re likely to yield the highest return on investment. Moreover, the ability to create custom AI agents via the AI Agent Studio allows small businesses to tailor the technology to their specific needs and challenges. However, while these tools promise significant benefits, small business owners should be aware of potential challenges. First, the effective integration of AI tools requires a robust understanding of their functionalities. Business owners may need to allocate time for training and system adjustments to harness the full potential of these tools. Additionally, reliance on AI introduces a dependence on technology that might initially overwhelm smaller operations lacking in-house IT support. In summary, Oracle’s AI agents represent a transformative opportunity for small businesses eager to enhance customer experience and operational efficiency. As these tools become more embedded in business routines, they offer not just automation, but the potential for smarter and more meaningful customer interactions. The future of small business operations may well depend on leveraging these innovative technologies to remain competitive and responsive to customer needs. For more information about Oracle’s new AI agents, you can read the original announcement here. Image via Google Gemini This article, "Oracle Unveils Role-Based AI Agents to Transform Customer Experiences" was first published on Small Business Trends View the full article

OpenAI, the maker of the most popular AI chatbot, used to say it aimed to build artificial intelligence that “safely benefits humanity, unconstrained by a need to generate financial return,” mission statement. But the ChatGPT maker seems to no longer have the same emphasis on doing so “safely.” While reviewing its latest IRS disclosure form, which was released in November 2025 and covers 2024, I noticed OpenAI had removed “safely” from its mission statement, among other changes. That change in wording coincided with its transformation from a nonprofit organization into a business increasingly focused on profits. OpenAI currently faces several lawsuits related to its products’ safety, making this change newsworthy. Many of the plaintiffs suing the AI company allege psychological manipulation, wrongful death, and assisted suicide, while others have filed negligence claims. As a scholar of nonprofit accountability and the governance of social enterprises, I see the deletion of the word “safely” from its mission statement as a significant shift that has largely gone unreported – outside highly specialized outlets. And I believe OpenAI’s makeover is a test case for how we, as a society, oversee the work of organizations that have the potential to both provide enormous benefits and do catastrophic harm. Tracing OpenAI’s origins OpenAI, which also makes the Sora video artificial intelligence app, was founded as a nonprofit scientific research lab in 2015. Its original purpose was to benefit society by making its findings public and royalty-free rather than to make money. To raise the money that developing its AI models would require, OpenAI, under the leadership of CEO Sam Altman, created a for-profit subsidiary in 2019. Microsoft initially invested US$1 billion in this venture; by 2024 that sum had topped $13 billion. In exchange, Microsoft was promised a portion of future profits, capped at 100 times its initial investment. But the software giant didn’t get a seat on OpenAI’s nonprofit board – meaning it lacked the power to help steer the AI venture it was funding. A subsequent round of funding in late 2024, which raised $6.6 billion from multiple investors, came with a catch: that the funding would become debt unless OpenAI converted to a more traditional for-profit business in which investors could own shares, without any caps on profits, and possibly occupy board seats. Establishing a new structure In October 2025, OpenAI reached an agreement with the attorneys general of California and Delaware to become a more traditional for-profit company. Under the new arrangement, OpenAI was split into two entities: a nonprofit foundation and a for-profit business. The restructured nonprofit, the OpenAI Foundation, owns about one-fourth of the stock in a new for-profit public benefit corporation, the OpenAI Group. Both are headquartered in California but incorporated in Delaware. A public benefit corporation is a business that must consider interests beyond shareholders, such as those of society and the environment, and it must issue an annual benefit report to its shareholders and the public. However, it is up to the board to decide how to weigh those interests and what to report in terms of the benefits and harms caused by the company. The new structure is described in a signed in October 2025 by OpenAI and the California attorney general, and endorsed by the Delaware attorney general. Many business media outlets heralded the move, predicting that it would usher in more investment. Two months later, SoftBank, a Japanese conglomerate, finalized a $41 billion investment in OpenAI. Changing its mission statement Most charities must file forms annually with the Internal Revenue Service with details about their missions, activities and financial status to show that they qualify for tax-exempt status. Because the IRS makes the forms public, they have become a way for nonprofits to signal their missions to the world. In its forms for 2022, OpenAI said its mission was “to build general-purpose artificial intelligence (AI) that safely benefits humanity, unconstrained by a need to generate financial return.” OpenAI’s mission statement as of 2023 included the word ‘safely.’ IRS via Candid That mission statement has changed, as the company filed with the IRS in late 2025. It became “to ensure that artificial general intelligence benefits all of humanity.” OpenAI had dropped its commitment to safety from its mission statement – along with a commitment to being “unconstrained” by a need to make money for investors. According to Platformer, a tech media outlet, it has also disbanded its “mission alignment” team. In my view, these changes explicitly signal that OpenAI is making its profits a higher priority than the safety of its products. To be sure, OpenAI continues to mention safety when it discusses its mission. “We view this mission as the most important challenge of our time,” it states on its website. “It requires simultaneously advancing AI’s capability, safety, and positive impact in the world.” Revising its legal governance structure Nonprofit boards are responsible for key decisions and upholding their organization’s mission. Unlike private companies, board members of tax-exempt charitable nonprofits cannot personally enrich themselves by taking a share of earnings. In cases where a nonprofit owns a for-profit business, as OpenAI did with its previous structure, investors can take a cut of profits – but they typically do not get a seat on the board or have an opportunity to elect board members, because that would be seen as a conflict of interest. The OpenAI Foundation now has a 26% stake in OpenAI Group. In effect, that means that the nonprofit board has given up nearly three-quarters of its control over the company. Software giant Microsoft owns a slightly larger stake – 27% of OpenAI’s stock – due to its $13.8 billion investment in the AI company to date. OpenAI’s employees and its other investors own the rest of the shares. Seeking more investment The main goal of OpenAI’s restructuring, which it called a “recapitalization,” was to attract more private investment in the race for AI dominance. It has already succeeded on that front. As of early February 2026, the company was in talks with SoftBank for an additional $30 billion and stands to get up to a total of $60 billion from Amazon, Nvidia and Microsoft combined. OpenAI is now valued at over $500 billion, up from $300 billion in March 2025. The new structure also paves the way for an eventual initial public offering, which, if it happens, would not only help the company raise more capital through stock markets but would also increase the pressure to make money for its shareholders. OpenAI says the foundation’s endowment is worth about $130 billion. Those numbers are only estimates because OpenAI is a privately held company without publicly traded shares. That means these figures are based on market value estimates rather than any objective evidence, such as market capitalization. When he announced the new structure, California Attorney General Rob Bonta said, “We secured concessions that ensure charitable assets are used for their intended purpose.” He also predicted that “safety will be prioritized” and said the “top priority is, and always will be, protecting our kids.” Steps that might help keep people safe At the same time, several conditions in the OpenAI restructuring memo are designed to promote safety, including: A safety and security committee on the OpenAI Foundation board has the authority to that could potentially include the halting of a release of new OpenAI products based on assessments of their risks. The for-profit OpenAI Group has its own board, which must consider only OpenAI’s mission – rather than financial issues – regarding safety and security issues. The OpenAI Foundation’s nonprofit board gets to appoint all members of the OpenAI Group’s for-profit board. But given that neither the mission of the foundation nor of the OpenAI group explicitly alludes to safety, it will be hard to hold their boards accountable for it. Furthermore, since all but one board member currently serve on both boards, it is hard to see how they might oversee themselves. And doesn’t indicate whether he was aware of the removal of any reference to safety from the mission statement. Identifying other paths OpenAI could have taken There are alternative models that I believe would serve the public interest better than this one. When Health Net, a California nonprofit health maintenance organization, converted to a for-profit insurance company in 1992, regulators required that 80% of its equity be transferred to another nonprofit health foundation. Unlike with OpenAI, the foundation had majority control after the transformation. A coalition of California nonprofits has argued that the attorney general should require OpenAI to transfer all of its assets to an independent nonprofit. Another example is The Philadelphia Inquirer. The Pennsylvania newspaper became a for-profit public benefit corporation in 2016. It belongs to the Lenfest Institute, a nonprofit. This structure allows Philadelphia’s biggest newspaper to attract investment without compromising its purpose – journalism serving the needs of its local communities. It’s become a model for potentially transforming the local news industry. At this point, I believe that the public bears the burden of two governance failures. One is that OpenAI’s board has apparently abandoned its mission of safety. And the other is that the attorneys general of California and Delaware have let that happen. Alnoor Ebrahim is a professor of international business at The Fletcher School & Tisch College of Civic Life at Tufts University. This article is republished from The Conversation under a Creative Commons license. Read the original article. View the full article

It turns out that even conservative justices will only accept so many assaults on legal and constitutional normsView the full article

Steps you can take even during busy season. By Sandi Leyva The Complete Guide to Marketing for Tax & Accounting Firms Go PRO for members-only access to more Sandi Smith Leyva. View the full article

Steps you can take even during busy season. By Sandi Leyva The Complete Guide to Marketing for Tax & Accounting Firms Go PRO for members-only access to more Sandi Smith Leyva. View the full article

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It's official: Most of President The President's tariffs are illegal. The Supreme Court struck down the president's signature economic orders on Friday in a 6-3 ruling, spelling the end of a controversial policy that added an estimated $1,000 tax increase for each American household, raised prices on consumer goods, and alienated key U.S. allies. Not all of The President's tariffs need to end because of this ruling. The court acknowledged that presidents have the power to "unilaterally impose tariffs of unlimited amount, duration, and scope." Instead, the court found that tariffs enacted based on the International Emergency Economic Powers Act (IEEPA) were done so improperly, as the administration "points to no statute" from Congress that says the IEEPA could be used for tariffs. That means tariffs against steel and aluminum could continue, since those were enacted from other laws, but both the "reciprocal" tariffs placed against other countries, and the flat 25% tariff placed on goods from countries like Canada, China, and Mexico, cannot currently stand. That raises a lot of questions. Will the The President administration seek to impose these tariffs through other means, avoiding the IEEPA altogether? Will companies that have paid tariffs already get their money back? And, perhaps most pressing to the average consumer, will prices for common goods, like tech, finally come down? How will the Supreme Court's ruling affect tech prices?There's no clear answer to this one, since there's really no precedent here. The President is the first president to use the IEEPA as a reasoning to enact tariffs, and, as such, this is an enormous flip-flop that doesn't have a previous framework to look back to. The reason tariffs are inflationary, or raise prices on goods, is because they make it more expensive for U.S. companies to import foreign goods. People can confuse this point: Tariffs place a tax on the importer of a good, not necessarily the manufacturer of that good. When a company exports its products to the U.S. with a tariff in place, it does not directly pay the tariff: The company that imports those products pays. As a result, importers raise their prices to compensate. Look at Nintendo: The company raised its original MSRPs for Switch 2 accessories like the Pro Controller and Joy-Con 2, as well as the original Switch, in the wake of tariffs. As these products cost more to import to the U.S., prices go up to give the company a cushion. It could've been worse, too, since Nintendo didn't raise the price of the Switch 2 or its games—though there's no telling whether those MSRPs were set with tariffs in mind, too. As such, you might expect that if these tariffs disappear, these prices will come down. If Nintendo felt the need to raise Pro Controller prices by $15 in response to tariffs, it might reverse course now that The President's tax is no longer placing a burden on U.S. importers. While anything's possible, I don't think it's very likely. For many goods, prices can rise quickly, especially with factors like tariffs, but can take a long time to fall—if at all. Some economists think that ending tariffs would cause prices to rise slower, but not stop: a disinflationary effect, rather than deflationary. We the consumer may be to blame. If companies raise prices in response to tariffs, and consumers continue to buy those products regardless, it shows that the market supports those prices. The consumer doesn't necessarily see the impact of the tariff going away, so why lower prices? It's only in that company's best interest anyway, since they'll sell goods at higher prices without paying the tariff tax. If the company was struggling to sell inflated goods, perhaps prices will come down: If Nintendo is selling far fewer Switch units following its tariff increases, maybe it'll cut the price back down to encourage sales. But it's truly difficult to say without being on the inside. Not all price increases are due to tariffsThen, of course, there are the forces at play that push prices north besides tariffs. Computer components come to mind, particularly RAM. These components are becoming more expensive—and harder to find—not necessarily because of tariffs, but because AI companies are scooping them up for data processing. All of a sudden, everything that runs on these components is at risk of rising in price, since one section of the market has such a high demand. It doesn't matter if RAM is cheaper to import next month after tariffs are gone, if there's no RAM left to buy. That means your gaming consoles, laptops, smart displays, cars—anything that runs on RAM, GPUs, and CPUs—could rise in price, unless more components can be made to meet demand. SCOTUS might've taken the burden of tariffs away from these imports, but it might not bring prices down, or, worse yet, do anything to stop them skyrocketing. Micron, the only American-based producer of RAM, didn't think memory shortages would end this year, even ahead of the tariff news. The company is investing in more facilities to produce components, but that takes time, which means price increases could continue for the foreseeable future. Don't rely on tariffs ending to make big purchasesWe can speculate all day about how the end of these tariffs will affect prices, but it's just that: speculation. Companies will do what they're going to do with the prices, and there's nothing in the Supreme Court's ruling to tell us whether our iPhones, Switches, or Echos are going to be cheaper later this year or not. Prices could plummet, come down slightly, stay the same, go up slowly, or go up quickly. My best guess is that the average consumer product previously affected by these tariffs will stay about the same price it is now, barring some other major change in the markets—but again, that's just a guess. As such, my advice is to make your purchase decisions based on other, more stable factors: Research the products you're interested in to determine which has the best value; compare prices across different stores, both in-person and online; wait for traditional sales events if you're looking for major deals. The most concrete risk of price increases right now comes from that computer-component shortage. If you've been in the market for a new computer, or a device that relies heavily on these components (like gaming consoles), it might be a good time to buy. Prices can easily go up, but take a long time to come back down. View the full article

Construction schedules can look perfect on paper and still fall apart the moment crews hit the field. Workface planning helps close that gap by making sure the next chunk of work is truly ready before anyone shows up to the construction site. If you’re tired of construction delays and having to deal with construction scheduling issues, keep reading. What Is Workface Planning In Construction? Workface planning is a construction planning method that breaks the project scope into small, executable work packages and ensures each package is thoroughly planned and ready to be executed before crews start. It coordinates labor, materials, tools, drawings, permits, access and safety controls so field teams can complete tasks without waiting, rework or interruptions, improving productivity and schedule reliability. ProjectManager is an award-winning construction scheduling software designed for making detailed master construction schedules and lookahead schedules thanks to its powerful project planning, scheduling and monitoring features. With ProjectManager’s Gantt chart you can visualize task dependencies, identify critical path activities, allocate resources, track costs and compare estimates vs. actual project performance. Get started today for free. /wp-content/uploads/2024/04/critical-path-light-mode-gantt-construction-CTA-1600x772.pngLearn more When Should Workface Planning Be Done? Workface planning should begin once the project has an approved schedule baseline and enough design information to define repeatable work packages, then continue throughout execution as conditions change in the construction site. Practically speaking, teams start by building packages during preconstruction and early mobilization, then run a rolling construction lookahead schedule: each week they confirm constraints and readiness for the next 2–6 weeks of work. A common rhythm is locking the next two weeks of work packages in the weekly planning meeting, verifying materials, approvals and access, then issuing them to crews before the workweek starts. What Is the Purpose of Workface Planning? The core purpose of workface planning is to ensure construction crews can execute assigned tasks without delays, interruptions or missing information. It aligns field operations with the master construction schedule intent so labor hours are spent building, and there’s no idle time waiting for materials, clarifications, access or approvals. One objective is to eliminate productivity loss caused by incomplete architectural drawings, late material deliveries or unavailable equipment by verifying constraints before work is released to the field. Another purpose is to translate high-level construction schedule activities into clearly defined, crew-sized work packages that reflect actual site conditions and sequencing. It also strengthens coordination between engineering, procurement and construction teams so that design outputs and material commitments support field execution timing. Workface planning supports safer construction sites by confirming permits, safety controls and access requirements are in place before crews mobilize. Finally, it creates accountability by making work readiness visible, helping superintendents and project managers identify bottlenecks before they affect the overall schedule. /wp-content/uploads/2023/10/Gantt-Chart-Template-Excel-image.png Get your free Gantt Chart Excel Template Use this free Gantt Chart Excel Template for Excel to manage your projects better. Download Excel File Benefits of Workface Planning In Construction Projects On active construction sites, uncertainty causes delays, scope creep and cost overruns, all of which can greatly affect the initial construction plan and the project’s profitability. Workface planning reduces that uncertainty by making short-term execution predictable and controlled. Field crews, superintendents, project managers and even owners benefit because labor productivity improves, schedule commitments stabilize and daily coordination becomes far less reactive. Crews spend more time installing work and less time waiting for clarifications, materials or equipment, which directly improves earned hours and cost performance. Superintendents gain clearer visibility into what is truly ready to build, allowing them to make faster decisions and adjust sequencing without chaos. Project managers see more reliable schedule performance because work packages are constraint-free before release, reducing slippage and cascading delays. Procurement and engineering teams receive earlier signals about upcoming needs, helping them prioritize submittals, deliveries and approvals in line with execution. Owners benefit from steadier progress reporting and fewer surprises, since short-term planning discipline supports milestone achievement and predictable handovers. Who Performs Workface Planning for a Construction Project? On most construction projects, accountability for workface planning sits with the construction manager or general contractor, since they control field execution and schedule performance. However, the process is rarely owned by one individual. It requires coordinated input from field supervision, engineering, procurement and planning teams to ensure work packages are truly ready for execution. Construction manager or general contractor leads the process, sets planning standards, approves work packages and ensures field execution aligns with schedule commitments. Superintendents break schedule activities into executable field tasks, confirm access, sequencing and crew availability, and validate real-world site readiness conditions. Project engineers verify drawings, specifications and technical details are complete, resolving RFIs and ensuring documentation supports planned work packages. Procurement managers confirm materials, equipment and subcontractor commitments match upcoming work packages, preventing release of work lacking required resources. Project schedulers align workface packages with the baseline schedule and lookahead plans, tracking progress and highlighting constraint risks early. /wp-content/uploads/2026/01/2026_construction_ebook_banner-ad.jpg Workface Planning Process Executing workface planning consistently requires a repeatable process that connects scheduling, engineering, procurement and field supervision into one disciplined short-term planning rhythm. 1. Break Down Schedule Activities Into Work Packages Begin by using the project’s work breakdown structure (WBS) to understand how scope is organized, then translate those higher-level elements into crew-sized work packages. The WBS keeps scope boundaries clear and prevents gaps or duplication. From there, define specific quantities, work areas and sequencing so each package represents a complete, executable portion of construction. 2. Identify and Remove Constraints Before releasing any work package, confirm everything required to perform it is available and approved. That means architectural drawings are issued for construction, materials are on site, equipment is ready, permits are cleared and access to the construction site is safe. If even one constraint is missing, productivity will suffer. Fix problems upstream so crews never show up unprepared. 3. Build the Short-Term Lookahead Plan With constraint-free work packages defined, sequence them into a rolling lookahead schedule that typically covers two to six weeks. Align the plan with actual crew availability, subcontractor commitments and site logistics. This is where practical judgment matters: balance workload, avoid congestion in tight areas and prioritize tasks that protect critical construction milestones. 4. Issue and Communicate Work Packages to the Field Once confirmed ready, formally release work packages to superintendents and foremen before the workweek begins. Review the scope of work, quantities, drawings and safety requirements in a focused planning meeting. Clear communication prevents confusion and rework. Field leaders should understand exactly what is expected, where it happens and how success will be measured. 5. Monitor Execution and Capture Feedback After work starts, track actual progress against the planned quantities and durations. Walk the job, talk to foremen and identify where assumptions did not match reality. Capture lessons about access, productivity and sequencing. Use that feedback to improve the next set of work packages, tightening control and steadily increasing field efficiency. ProjectManager Is Ideal for Construction Scheduling ProjectManager is an award-winning construction project management software equipped with powerful planning, scheduling and tracking features that allow teams to create detailed construction schedules, set baselines, identify risks and compare planned and actual performance to quickly catch delays and cost overruns before they threaten the project. Watch the video below to learn more! Free Related Construction Project Management Templates ProjectManager offers a library of construction project management templates, ebooks and videos designed to support planning, scheduling and cost control. Below are free Excel and Word templates to help organize scope, structure work and manage construction schedules effectively. Work Breakdown Structure This free work breakdown structure template helps organize project scope into deliverables, tasks and subtasks using a structured task list and visual tree diagram, allowing teams to assign ownership, track dependencies, manage costs and clearly define construction scope boundaries. Construction Scope of Work Template Use this construction scope of work template to define deliverables, responsibilities, timelines, resources and costs in one structured document, helping prevent scope creep, clarify accountability and align stakeholders before and during project execution. Gantt Chart Template This free Gantt chart template for Excel allows construction teams to list tasks, assign dates, calculate durations and visualize schedules with a stacked bar chart, making it easier to track progress, manage priorities and identify potential delays. Related Construction Scheduling Content Our content library features over 100 construction blogs, templates, ebooks and other types of content to help construction project managers better understand the many moving parts that must be managed to deliver successful construction projects. Here are some of them. Construction Milestones: Milestone Schedule Example 20 Best Construction Scheduling Software for 2026 (Free & Paid) Schedule Risk Analysis In Construction (SRA) Construction Sequencing: Making a Construction Sequence Plan Schedule of Values in Construction (Example & Template Included) Construction Resource Scheduling: Making a Resource Schedule How to Make a Material Schedule for Construction ProjectManager is online project management software with the tools you need for construction project management. Our features make planning, monitoring and reporting on your project more efficient and effective. Being online means our software is accessible everywhere and at any time. Plus, the data you get is more accurate because it’s updated immediately. Try ProjectManager for free with this 30-day trial offer. The post Workface Planning In Construction: How-to Guide appeared first on ProjectManager. View the full article

Commercial private loans provide businesses with vital funding from non-bank lenders. These loans feature flexible qualifications, quick approvals, and can finance various needs, like equipment or operational costs. Unlike traditional loans, they cater to a wide range of businesses, often requiring collateral or personal guarantees. With loan amounts typically between $50,000 and several million, comprehending how these loans work and their key features is important for making informed financial decisions. What else should you know about these financing options? Key Takeaways Commercial private loans are non-bank financing options for businesses, providing flexible funding solutions with quicker approvals than traditional loans. They typically range from $50,000 to several million dollars, with interest rates between 8% and 25%, reflecting lender risk. Loan types include short-term loans, lines of credit, and equity financing, catering to various business needs like operational costs and equipment purchases. Application requirements include a strong credit score, detailed financial statements, a business plan, and potential collateral or personal guarantees. While offering flexible terms, these loans carry risks like high-interest rates and potential collateral loss if repayments default. What Is a Commercial Private Loan? When you’re looking to finance your business operations or make significant acquisitions, a commercial private loan might be a suitable option. These loans are non-bank financing solutions provided by private lenders or investors, particularly designed for businesses. Unlike traditional loans, commercial private loans often feature more flexible qualification criteria, making them accessible to businesses with less established credit histories. Loan amounts can vary widely, typically ranging from $50,000 to several million dollars, depending on your needs and the lender’s assessment. Interest rates for these loans may be higher than conventional loans, often between 8% and 25%, reflecting the risk involved for lenders. Moreover, repayment terms can be variable, with some loans requiring monthly payments over a few months to several years. If you’re considering quick access to capital, hard money commercial loans from commercial hard money lenders could be worth exploring for your business needs. Key Features of Commercial Private Loans Commercial private loans come with distinct features that set them apart from traditional financing options. These loans are usually offered by non-bank lenders, providing you with quicker access to funds and more flexible terms than conventional banks. While interest rates can be higher because of the increased risk associated with commercial hard money lending, these loans allow for a range of loan amounts, from a few thousand dollars to several million, depending on your needs and the lender’s assessment. Collateral is often required, which could include business assets or personal guarantees, securing the lender’s investment. In addition, the application process for private commercial loans tends to be less stringent, making it easier for borrowers with lower credit scores or shorter business histories to qualify. How Commercial Private Loans Work Grasping how commercial private loans work is essential for businesses seeking alternative financing options. These loans, provided by private lenders, can help you avoid traditional banking hurdles. Here’s a quick overview of the process: Application: You’ll submit financial documentation, including credit scores and collateral information. Assessment: Lenders evaluate your risk profile, often leading to higher interest rates compared to bank loans. Loan Structure: Terms are flexible, with amounts customized to your needs and repayment periods ranging from months to years. Access: Unlike banks, commercial real estate hard money lenders may approve loans for startups or those with lower credit scores, making hard money commercial real estate loans a viable option. Understanding these components will help you navigate the environment of commercial private loans, whether you’re considering a commercial real estate bridge loan or another type of funding. Types of Commercial Private Loans When exploring types of commercial private loans, you’ll find options like short-term loans, lines of credit, and equity financing. Short-term loans can provide quick funding for immediate business needs, whereas lines of credit offer flexible access to funds as you require them. Equity financing, conversely, involves raising capital through investment in your business, allowing you to share ownership with investors. Short-Term Loans Overview What options do businesses have when they need quick access to cash? Short-term loans are a popular choice, designed to cover immediate operational costs or purchase equipment, with repayment periods typically lasting from a few months to a year. Here are some key features of short-term loans: Collateral Requirements: Most loans require collateral, such as property or equipment, to secure the loan. Higher Interest Rates: Expect higher interest rates compared to long-term loans, reflecting the risk involved. Renewable Structure: Many short-term loans allow you to extend the loan term or borrow additional funds as necessary. Credit Assessment: Lenders evaluate your creditworthiness and financial stability, requiring detailed financial statements and repayment plans. Lines of Credit Explained Lines of credit offer businesses an adaptable solution for managing cash flow and meeting immediate financial needs. These commercial lines provide flexible access to funds, allowing you to borrow up to a predetermined credit limit as needed. With a revolving structure, you can withdraw, repay, and borrow repeatedly over 1 to 5 years without a specific repayment schedule. Feature Description Access to Funds Flexible borrowing up to a credit limit Interest Payment Only on utilized amounts Repayment Structure No fixed repayment schedule Interest Rates Typically ranges from 7% to 25%, depending on creditworthiness Approval Requirements Financial statements, business plan, and collateral may be needed Equity Financing Options Equity financing options play a crucial role in the terrain of commercial private loans, enabling businesses to tap into the value of their properties for cash. Here are some key options you should consider: Commercial Equity Loans: Receive a one-time lump sum based on your property’s equity. Commercial Equity Lines of Credit (CELOC): Access a revolving credit line, drawing funds as needed during a set period, usually 5 to 10 years. Loan-to-Value (LTV) Ratio: Borrow up to 75% of your property’s value, providing funds for repairs, renovations, or new investments. CMBS Cash-Out Refinancing: Suitable for loans of $2 million or more, offering fixed rates and competitive terms. To qualify, maintain a credit score of at least 650 and prepare necessary documentation. Application Requirements for Commercial Private Loans When applying for commercial private loans, understanding the necessary requirements is vital for a successful application. Lenders typically look for a strong credit score, often 650 or higher, to assess your creditworthiness. You’ll need to provide detailed financial statements, such as income statements and balance sheets, to demonstrate your business’s ability to repay the loan. A thorough business plan is likewise fundamental; it should outline how you plan to use the loan funds and include projected returns. Furthermore, lenders may require collateral, like property or equipment, to secure the loan and reduce their risk. Lastly, personal guarantees from business owners or officers are often required, as they improve the loan’s credibility and assure lenders of repayment. How to Qualify for a Commercial Private Loan To secure a commercial private loan, you need to meet specific qualifications that lenders typically require. Here’s what you should focus on: Credit Score: Aim for a minimum score of 650 to access favorable terms and conditions. Financial Statements: Prepare detailed balance sheets and cash flow statements to demonstrate your business’s ability to repay the loan. Business Plan: Create a clear and detailed business plan that outlines the loan’s purpose and your projected growth. This can considerably improve your approval chances. Collateral: Be ready to provide collateral, such as property or equipment, which offers lenders assurance against default. Additionally, if your business is new or has limited credit history, lenders might require personal guarantees from you as the owner. Meeting these qualifications can boost your chances of securing the loan you need. Benefits of Commercial Private Loans When you consider commercial private loans, you’ll find they offer flexible funding options that can be customized to suit your business’s unique needs. The quick approval process means you can access capital without the waiting times associated with traditional loans, allowing you to act on opportunities swiftly. This combination of speed and adaptability makes commercial private loans an attractive choice for many businesses seeking financial solutions. Flexible Funding Options Commercial private loans provide flexible funding options that can greatly benefit your business, especially when you need capital for various purposes like expansion, operational costs, or equipment purchases. Here are some advantages of these loans: Tailored Solutions: You can customize funding amounts and terms to fit your specific needs. Negotiable Terms: Work with lenders to negotiate repayment schedules and interest rates based on your financial health. Minimal Documentation: Accessing funds often requires less paperwork compared to traditional loans, making it easier for you. Less Collateral Needed: You might secure funding without extensive collateral, preserving your liquidity for other opportunities. These features make commercial private loans an attractive option for businesses seeking quick and efficient funding solutions. Quick Approval Process One of the standout benefits of private loans is their quick approval process, which can greatly streamline your access to necessary funding. Unlike traditional bank loans, commercial private loans often provide funding within just a few days to a few weeks. The application process is typically more straightforward, requiring less paperwork and fewer documents, which expedites your approval time. Many private lenders leverage technology to assess creditworthiness swiftly, enabling faster decisions and fund disbursement. You’ll additionally benefit from personalized service, as lenders often guide you through the application process, further enhancing speed. Given the competitive nature of private lending, lenders prioritize quick approvals to attract borrowers, leading to favorable turnaround times for your loan processing. Risks Associated With Commercial Private Loans Although many businesses turn to commercial private loans for quick access to capital, these loans come with several risks that borrowers should carefully consider. Here are some key risks: High-Interest Rates: If you have a lower credit score, expect increased rates, which can strain your repayment capacity. Unfavorable Terms: The lack of regulation in private lending may lead to hidden fees and penalties that you could easily overlook. Collateral Loss: Defaulting on your loan risks losing valuable assets, such as property or equipment, resulting in significant financial losses. Inconsistent Loan Terms: With no standardized application process, varying lender requirements can create confusion regarding the terms of your loan. Understanding these risks is essential for making informed decisions about whether a commercial private loan is right for your business needs. The Role of Collateral in Commercial Private Loans When you consider taking out a commercial private loan, comprehension of the role of collateral is crucial, as it directly impacts the loan’s terms and your overall borrowing experience. Collateral acts as security for the lender, reducing their risk since they can seize the asset if you default. Common types of collateral include real estate, equipment, inventory, and accounts receivable, and these may vary depending on the lender’s requirements and the loan amount. Lenders typically require a Loan-to-Value (LTV) ratio of up to 75%, meaning you can secure a loan amount that’s a percentage of your collateral’s appraised value. Strong collateral can lead to better loan terms, such as lower interest rates and more favorable repayment schedules, enhancing your creditworthiness. Conversely, inadequate collateral may result in higher interest rates or even loan denial, as lenders evaluate risk based on the value and type of collateral you offer. Interest Rates and Repayment Terms Comprehending interest rates and repayment terms is essential for anyone considering a commercial private loan, as these factors considerably influence the overall cost and feasibility of borrowing. Here’s what you need to know: Interest Rates: They can range from 4% to 12% or higher, depending on your creditworthiness and the lender’s terms. Loan Duration: Most repayment terms span from 1 to 10 years, with some loans offering up to 30 years for real estate financing. Payment Structure: Although many loans require monthly payments, some may provide flexible options, including balloon payments at the end. Secured vs. Unsecured: Secured loans typically have lower interest rates because of reduced risk for lenders, whereas unsecured loans carry higher rates. Comparing Commercial Private Loans and Lines of Credit Grasping the differences between commercial private loans and lines of credit can help you make a more informed financial decision for your business. Commercial private loans provide a one-time lump sum for specific needs, such as purchasing equipment or broadening operations. Conversely, lines of credit offer a revolving credit limit that you can draw from as needed. Whereas private loans typically come with fixed repayment terms and interest rates, lines of credit allow for more flexible borrowing and repayment, charging interest only on the amount you draw. Approval for commercial private loans often requires extensive documentation and a solid credit profile, whereas lines of credit may be easier to access, especially for businesses with fluctuating cash flow. Interest rates for loans are usually fixed but can vary based on your creditworthiness, while lines of credit typically have variable rates tied to market conditions. Choosing the Right Lender for Your Commercial Private Loan When you’re choosing a lender for your commercial private loan, it’s vital to assess their reputation and experience in your industry. Comparing loan terms, including interest rates and fees, can help you secure the best deal possible. Assessing Lender Reputation Selecting the right lender for your commercial private loan requires careful consideration of their reputation in the industry. Here are some key factors to evaluate: Online Reviews: Research borrower satisfaction through trusted financial websites and industry publications. Credentials: Verify the lender’s licenses and compliance with local regulations to guarantee legitimacy. Experience: Check how long the lender has been in business, as a solid history indicates stability and expertise. Transparency: Look for clear, upfront information about loan terms, fees, interest rates, and repayment schedules. Comparing Loan Terms Comprehending the various loan terms available is vital when you’re choosing the right lender for your commercial private loan. These loans often have more flexible terms than traditional bank loans, offering quicker approvals and fewer documentation requirements. Interest rates can vary considerably, ranging from 5% to 15%, depending on your creditworthiness and the lender’s risk assessment. Loan terms may additionally differ, spanning from short-term options of 1-3 years to longer terms of up to 25 years, which allows you to align repayments with your cash flow. When comparing lenders, it’s imperative to evaluate not just interest rates but also fees, repayment flexibility, and the lender’s experience in your industry to guarantee you select the best option for your needs. Frequently Asked Questions How Does a Commercial Loan Work? A commercial loan works by providing businesses with necessary capital for various needs, like expansion or equipment. First, lenders assess your creditworthiness, financial statements, and collateral to gauge risk. Interest rates depend on your risk profile and market benchmarks. Repayment terms can range from months to several years, often with short-term loans available for renewal. Collateral, such as property or equipment, is typically required, ensuring lenders are protected against potential defaults. How Much Is a $50,000 Business Loan Monthly? The monthly payment for a $50,000 business loan typically ranges between $943 and $1,012, depending on the interest rate and loan term. For instance, at a 5% interest rate over five years, you’d pay about $943 monthly, whereas a 7% rate could raise that to around $1,012. Keep in mind that additional fees like origination charges can affect your total payment, so consider these costs when evaluating your loan options. Do You Have to Put 20% Down on a Commercial Loan? You typically need to put down 20-30% on a commercial loan, especially for real estate. Nevertheless, some options, like SBA 504 loans, require only about 10%. The exact percentage depends on factors like your creditworthiness and the property type. Although some lenders may offer lower down payment options, these often come with higher interest rates or fees. A larger down payment can improve your loan terms, including lower rates and better repayment conditions. How Much Deposit Do I Need for a Commercial Loan? For a commercial loan, you typically need to make a down payment between 20% and 30% of the property’s purchase price. Nonetheless, some options, like SBA 504 loans, may require as little as 10%. Lenders assess your creditworthiness and the nature of your business, which can influence the specific down payment needed. A higher down payment might additionally secure better loan terms, like lower interest rates, so consider your financial strategy carefully. Conclusion In conclusion, commercial private loans provide businesses with flexible financing options outside traditional banking. They cater to various needs, from equipment purchases to operational costs, with quicker approval processes and less stringent qualifications. Comprehending the types of loans available, application requirements, and the importance of collateral can help you make informed decisions. By comparing different lenders and loan products, you can secure the right financing solution customized to your business’s unique needs and goals. Image via Google Gemini and ArtSmart This article, "What Are Commercial Private Loans and How Do They Work?" was first published on Small Business Trends View the full article

Commercial private loans provide businesses with vital funding from non-bank lenders. These loans feature flexible qualifications, quick approvals, and can finance various needs, like equipment or operational costs. Unlike traditional loans, they cater to a wide range of businesses, often requiring collateral or personal guarantees. With loan amounts typically between $50,000 and several million, comprehending how these loans work and their key features is important for making informed financial decisions. What else should you know about these financing options? Key Takeaways Commercial private loans are non-bank financing options for businesses, providing flexible funding solutions with quicker approvals than traditional loans. They typically range from $50,000 to several million dollars, with interest rates between 8% and 25%, reflecting lender risk. Loan types include short-term loans, lines of credit, and equity financing, catering to various business needs like operational costs and equipment purchases. Application requirements include a strong credit score, detailed financial statements, a business plan, and potential collateral or personal guarantees. While offering flexible terms, these loans carry risks like high-interest rates and potential collateral loss if repayments default. What Is a Commercial Private Loan? When you’re looking to finance your business operations or make significant acquisitions, a commercial private loan might be a suitable option. These loans are non-bank financing solutions provided by private lenders or investors, particularly designed for businesses. Unlike traditional loans, commercial private loans often feature more flexible qualification criteria, making them accessible to businesses with less established credit histories. Loan amounts can vary widely, typically ranging from $50,000 to several million dollars, depending on your needs and the lender’s assessment. Interest rates for these loans may be higher than conventional loans, often between 8% and 25%, reflecting the risk involved for lenders. Moreover, repayment terms can be variable, with some loans requiring monthly payments over a few months to several years. If you’re considering quick access to capital, hard money commercial loans from commercial hard money lenders could be worth exploring for your business needs. Key Features of Commercial Private Loans Commercial private loans come with distinct features that set them apart from traditional financing options. These loans are usually offered by non-bank lenders, providing you with quicker access to funds and more flexible terms than conventional banks. While interest rates can be higher because of the increased risk associated with commercial hard money lending, these loans allow for a range of loan amounts, from a few thousand dollars to several million, depending on your needs and the lender’s assessment. Collateral is often required, which could include business assets or personal guarantees, securing the lender’s investment. In addition, the application process for private commercial loans tends to be less stringent, making it easier for borrowers with lower credit scores or shorter business histories to qualify. How Commercial Private Loans Work Grasping how commercial private loans work is essential for businesses seeking alternative financing options. These loans, provided by private lenders, can help you avoid traditional banking hurdles. Here’s a quick overview of the process: Application: You’ll submit financial documentation, including credit scores and collateral information. Assessment: Lenders evaluate your risk profile, often leading to higher interest rates compared to bank loans. Loan Structure: Terms are flexible, with amounts customized to your needs and repayment periods ranging from months to years. Access: Unlike banks, commercial real estate hard money lenders may approve loans for startups or those with lower credit scores, making hard money commercial real estate loans a viable option. Understanding these components will help you navigate the environment of commercial private loans, whether you’re considering a commercial real estate bridge loan or another type of funding. Types of Commercial Private Loans When exploring types of commercial private loans, you’ll find options like short-term loans, lines of credit, and equity financing. Short-term loans can provide quick funding for immediate business needs, whereas lines of credit offer flexible access to funds as you require them. Equity financing, conversely, involves raising capital through investment in your business, allowing you to share ownership with investors. Short-Term Loans Overview What options do businesses have when they need quick access to cash? Short-term loans are a popular choice, designed to cover immediate operational costs or purchase equipment, with repayment periods typically lasting from a few months to a year. Here are some key features of short-term loans: Collateral Requirements: Most loans require collateral, such as property or equipment, to secure the loan. Higher Interest Rates: Expect higher interest rates compared to long-term loans, reflecting the risk involved. Renewable Structure: Many short-term loans allow you to extend the loan term or borrow additional funds as necessary. Credit Assessment: Lenders evaluate your creditworthiness and financial stability, requiring detailed financial statements and repayment plans. Lines of Credit Explained Lines of credit offer businesses an adaptable solution for managing cash flow and meeting immediate financial needs. These commercial lines provide flexible access to funds, allowing you to borrow up to a predetermined credit limit as needed. With a revolving structure, you can withdraw, repay, and borrow repeatedly over 1 to 5 years without a specific repayment schedule. Feature Description Access to Funds Flexible borrowing up to a credit limit Interest Payment Only on utilized amounts Repayment Structure No fixed repayment schedule Interest Rates Typically ranges from 7% to 25%, depending on creditworthiness Approval Requirements Financial statements, business plan, and collateral may be needed Equity Financing Options Equity financing options play a crucial role in the terrain of commercial private loans, enabling businesses to tap into the value of their properties for cash. Here are some key options you should consider: Commercial Equity Loans: Receive a one-time lump sum based on your property’s equity. Commercial Equity Lines of Credit (CELOC): Access a revolving credit line, drawing funds as needed during a set period, usually 5 to 10 years. Loan-to-Value (LTV) Ratio: Borrow up to 75% of your property’s value, providing funds for repairs, renovations, or new investments. CMBS Cash-Out Refinancing: Suitable for loans of $2 million or more, offering fixed rates and competitive terms. To qualify, maintain a credit score of at least 650 and prepare necessary documentation. Application Requirements for Commercial Private Loans When applying for commercial private loans, understanding the necessary requirements is vital for a successful application. Lenders typically look for a strong credit score, often 650 or higher, to assess your creditworthiness. You’ll need to provide detailed financial statements, such as income statements and balance sheets, to demonstrate your business’s ability to repay the loan. A thorough business plan is likewise fundamental; it should outline how you plan to use the loan funds and include projected returns. Furthermore, lenders may require collateral, like property or equipment, to secure the loan and reduce their risk. Lastly, personal guarantees from business owners or officers are often required, as they improve the loan’s credibility and assure lenders of repayment. How to Qualify for a Commercial Private Loan To secure a commercial private loan, you need to meet specific qualifications that lenders typically require. Here’s what you should focus on: Credit Score: Aim for a minimum score of 650 to access favorable terms and conditions. Financial Statements: Prepare detailed balance sheets and cash flow statements to demonstrate your business’s ability to repay the loan. Business Plan: Create a clear and detailed business plan that outlines the loan’s purpose and your projected growth. This can considerably improve your approval chances. Collateral: Be ready to provide collateral, such as property or equipment, which offers lenders assurance against default. Additionally, if your business is new or has limited credit history, lenders might require personal guarantees from you as the owner. Meeting these qualifications can boost your chances of securing the loan you need. Benefits of Commercial Private Loans When you consider commercial private loans, you’ll find they offer flexible funding options that can be customized to suit your business’s unique needs. The quick approval process means you can access capital without the waiting times associated with traditional loans, allowing you to act on opportunities swiftly. This combination of speed and adaptability makes commercial private loans an attractive choice for many businesses seeking financial solutions. Flexible Funding Options Commercial private loans provide flexible funding options that can greatly benefit your business, especially when you need capital for various purposes like expansion, operational costs, or equipment purchases. Here are some advantages of these loans: Tailored Solutions: You can customize funding amounts and terms to fit your specific needs. Negotiable Terms: Work with lenders to negotiate repayment schedules and interest rates based on your financial health. Minimal Documentation: Accessing funds often requires less paperwork compared to traditional loans, making it easier for you. Less Collateral Needed: You might secure funding without extensive collateral, preserving your liquidity for other opportunities. These features make commercial private loans an attractive option for businesses seeking quick and efficient funding solutions. Quick Approval Process One of the standout benefits of private loans is their quick approval process, which can greatly streamline your access to necessary funding. Unlike traditional bank loans, commercial private loans often provide funding within just a few days to a few weeks. The application process is typically more straightforward, requiring less paperwork and fewer documents, which expedites your approval time. Many private lenders leverage technology to assess creditworthiness swiftly, enabling faster decisions and fund disbursement. You’ll additionally benefit from personalized service, as lenders often guide you through the application process, further enhancing speed. Given the competitive nature of private lending, lenders prioritize quick approvals to attract borrowers, leading to favorable turnaround times for your loan processing. Risks Associated With Commercial Private Loans Although many businesses turn to commercial private loans for quick access to capital, these loans come with several risks that borrowers should carefully consider. Here are some key risks: High-Interest Rates: If you have a lower credit score, expect increased rates, which can strain your repayment capacity. Unfavorable Terms: The lack of regulation in private lending may lead to hidden fees and penalties that you could easily overlook. Collateral Loss: Defaulting on your loan risks losing valuable assets, such as property or equipment, resulting in significant financial losses. Inconsistent Loan Terms: With no standardized application process, varying lender requirements can create confusion regarding the terms of your loan. Understanding these risks is essential for making informed decisions about whether a commercial private loan is right for your business needs. The Role of Collateral in Commercial Private Loans When you consider taking out a commercial private loan, comprehension of the role of collateral is crucial, as it directly impacts the loan’s terms and your overall borrowing experience. Collateral acts as security for the lender, reducing their risk since they can seize the asset if you default. Common types of collateral include real estate, equipment, inventory, and accounts receivable, and these may vary depending on the lender’s requirements and the loan amount. Lenders typically require a Loan-to-Value (LTV) ratio of up to 75%, meaning you can secure a loan amount that’s a percentage of your collateral’s appraised value. Strong collateral can lead to better loan terms, such as lower interest rates and more favorable repayment schedules, enhancing your creditworthiness. Conversely, inadequate collateral may result in higher interest rates or even loan denial, as lenders evaluate risk based on the value and type of collateral you offer. Interest Rates and Repayment Terms Comprehending interest rates and repayment terms is essential for anyone considering a commercial private loan, as these factors considerably influence the overall cost and feasibility of borrowing. Here’s what you need to know: Interest Rates: They can range from 4% to 12% or higher, depending on your creditworthiness and the lender’s terms. Loan Duration: Most repayment terms span from 1 to 10 years, with some loans offering up to 30 years for real estate financing. Payment Structure: Although many loans require monthly payments, some may provide flexible options, including balloon payments at the end. Secured vs. Unsecured: Secured loans typically have lower interest rates because of reduced risk for lenders, whereas unsecured loans carry higher rates. Comparing Commercial Private Loans and Lines of Credit Grasping the differences between commercial private loans and lines of credit can help you make a more informed financial decision for your business. Commercial private loans provide a one-time lump sum for specific needs, such as purchasing equipment or broadening operations. Conversely, lines of credit offer a revolving credit limit that you can draw from as needed. Whereas private loans typically come with fixed repayment terms and interest rates, lines of credit allow for more flexible borrowing and repayment, charging interest only on the amount you draw. Approval for commercial private loans often requires extensive documentation and a solid credit profile, whereas lines of credit may be easier to access, especially for businesses with fluctuating cash flow. Interest rates for loans are usually fixed but can vary based on your creditworthiness, while lines of credit typically have variable rates tied to market conditions. Choosing the Right Lender for Your Commercial Private Loan When you’re choosing a lender for your commercial private loan, it’s vital to assess their reputation and experience in your industry. Comparing loan terms, including interest rates and fees, can help you secure the best deal possible. Assessing Lender Reputation Selecting the right lender for your commercial private loan requires careful consideration of their reputation in the industry. Here are some key factors to evaluate: Online Reviews: Research borrower satisfaction through trusted financial websites and industry publications. Credentials: Verify the lender’s licenses and compliance with local regulations to guarantee legitimacy. Experience: Check how long the lender has been in business, as a solid history indicates stability and expertise. Transparency: Look for clear, upfront information about loan terms, fees, interest rates, and repayment schedules. Comparing Loan Terms Comprehending the various loan terms available is vital when you’re choosing the right lender for your commercial private loan. These loans often have more flexible terms than traditional bank loans, offering quicker approvals and fewer documentation requirements. Interest rates can vary considerably, ranging from 5% to 15%, depending on your creditworthiness and the lender’s risk assessment. Loan terms may additionally differ, spanning from short-term options of 1-3 years to longer terms of up to 25 years, which allows you to align repayments with your cash flow. When comparing lenders, it’s imperative to evaluate not just interest rates but also fees, repayment flexibility, and the lender’s experience in your industry to guarantee you select the best option for your needs. Frequently Asked Questions How Does a Commercial Loan Work? A commercial loan works by providing businesses with necessary capital for various needs, like expansion or equipment. First, lenders assess your creditworthiness, financial statements, and collateral to gauge risk. Interest rates depend on your risk profile and market benchmarks. Repayment terms can range from months to several years, often with short-term loans available for renewal. Collateral, such as property or equipment, is typically required, ensuring lenders are protected against potential defaults. How Much Is a $50,000 Business Loan Monthly? The monthly payment for a $50,000 business loan typically ranges between $943 and $1,012, depending on the interest rate and loan term. For instance, at a 5% interest rate over five years, you’d pay about $943 monthly, whereas a 7% rate could raise that to around $1,012. Keep in mind that additional fees like origination charges can affect your total payment, so consider these costs when evaluating your loan options. Do You Have to Put 20% Down on a Commercial Loan? You typically need to put down 20-30% on a commercial loan, especially for real estate. Nevertheless, some options, like SBA 504 loans, require only about 10%. The exact percentage depends on factors like your creditworthiness and the property type. Although some lenders may offer lower down payment options, these often come with higher interest rates or fees. A larger down payment can improve your loan terms, including lower rates and better repayment conditions. How Much Deposit Do I Need for a Commercial Loan? For a commercial loan, you typically need to make a down payment between 20% and 30% of the property’s purchase price. Nonetheless, some options, like SBA 504 loans, may require as little as 10%. Lenders assess your creditworthiness and the nature of your business, which can influence the specific down payment needed. A higher down payment might additionally secure better loan terms, like lower interest rates, so consider your financial strategy carefully. Conclusion In conclusion, commercial private loans provide businesses with flexible financing options outside traditional banking. They cater to various needs, from equipment purchases to operational costs, with quicker approval processes and less stringent qualifications. Comprehending the types of loans available, application requirements, and the importance of collateral can help you make informed decisions. By comparing different lenders and loan products, you can secure the right financing solution customized to your business’s unique needs and goals. Image via Google Gemini and ArtSmart This article, "What Are Commercial Private Loans and How Do They Work?" was first published on Small Business Trends View the full article

The Supreme Court Friday issued a 6-3 ruling that held that that a law granting the White House economic emergency powers does not include the power to tax imports. View the full article

From coordinating pickups for road trips to helping organize yard sales, WhatsApp groups are at the center of all kinds of events in people's daily lives. As someone who's a member of far too many WhatsApp groups, I've always been very annoyed by the app's inability to show group chat history to new group chat members. In the lead up to my most recent meditation retreat, the admins ended up sending the same document seven (!) times, just because new members kept joining the group and they had no way to access attachments that were previously sent to the group chat. Thankfully, WhatsApp is finally changing that. WhatsApp is finally adding a feature called Group Message History, which means that group admins and members can now choose to share recent messages with new members. Now, when adding new members to a WhatsApp group, you'll be able to let them access up to 100 recent messages already sent to the rest of the group chat, which should good enough to stop people from spamming the group with the same messages as new people are added. Speaking personally, this will be a great quality of life upgrade. In order to help new group chat members feel less lost, I've previously done everything from forwarding all relevant messages to them via DMs to sending screenshots of all our previous messages. All of this is incredibly tedious, and thankfully, I won't have to do it for much longer. Credit: WhatsApp I also like the idea of limiting new group members to 100 recent messages or less. Quite often, my WhatsApp groups start off with a small number of people who know each other extremely well, and then the group expands to add acquaintances. The dynamics of the group chat change significantly when newer members are added, and not everyone feels comfortable with the idea of an unknown person seeing messages that were sent with a more intimate group in mind. Limiting chat history is a great move that allows people to maintain some privacy, as opposed to sharing the group's entire chat history with every new member. Still, if 100 messages seems like too much of an invasion of privacy to you, WhatsApp also says that admins will have the option to disable this feature for regular members. This way, only the admin will be able to share chat history with new members. The company says that everyone in the group chat will be notified when a new member is granted access to chat history, so you won't be blindsided if your new group member starts referring to in-jokes from a few days ago. WhatsApp says it is gradually rolling out this feature across the world, so you can expect it to be available on your device in the coming weeks. View the full article

Google Merchant Center is investigating an issue affecting Feeds, according to its public status dashboard. The details: Incident began: Feb. 4, 2026 at 14:00 UTC Latest update (Feb. 20, 14:43 UTC): “We’re investigating reports of an issue with Feeds. We will provide more information shortly.” Status: Service disruption The alert appears on the official Merchant Center Status Dashboard, which tracks availability across Merchant Center services. Why we care. Feeds power product listings across Shopping ads and free listings. Any disruption can impact product approvals, updates, or visibility in campaigns tied to retail inventory. What to watch. Google has not yet shared scope, root cause, or estimated time to resolution. Advertisers experiencing feed processing delays or disapprovals may want to monitor the dashboard closely. Bottom line. When feeds stall, ecommerce performance can follow. Retail advertisers should keep an eye on diagnostics and campaign delivery until more details emerge. Dig Deeper. Merchant Center Status Dashboard View the full article

It’s the Friday open thread! The comment section on this post is open for discussion with other readers on any work-related questions that you want to talk about (that includes school). If you want an answer from me, emailing me is still your best bet*, but this is a chance to take your questions to other readers. * If you submitted a question to me recently, please do not repost it here, as it may be in my queue to answer. The post open thread – February 20, 2026 appeared first on Ask a Manager. View the full article

PPC is evolving beyond traditional search. Those who adopt new ad formats, smarter creative strategies, and the right use of AI will gain a competitive edge. Ginny Marvin, Google’s Ads Product Liaison, and Navah Hopkins, Microsoft’s Product Liaison, joined me for a conversation about what’s next for PPC. Here’s a recap of this special keynote from SMX Next. Emerging ad formats and channels When discussing what lies beyond search, both speakers expressed excitement about AI-driven ad formats. Hopkins highlighted Microsoft’s innovation in AI-first formats, especially showroom ads: “Showroom ads allow users to engage and interact with a showroom where the advertiser provides the content, and Copilot provides the brand security.” She also pointed to gaming as a major emerging ad channel. As a gamer, she noted that many users “justifiably hate the ads that serve on gaming surfaces,” but suggested more immersive, intelligent formats are coming. Marvin agreed that the landscape is shifting, driven by conversational AI and visual discovery tools. These changes “are redefining intent” and making conversion journeys “far more dynamic” than the traditional keyword-to-click model. Both stressed that PPC marketers must prepare for a landscape where traditional search is only one of many ad surfaces. Importance of visual content A major theme throughout the discussion was the growing importance of visual content. Hopkins summed up the shift by saying: “Most people are visual learners… visual content belongs in every stage of the funnel.” She urged performance marketers to rethink the assumption that visuals belong only at the top of the funnel or in remarketing. Marvin added that leading with brand-forward visuals is becoming essential, as creatives now play “a much more important role in how you tell your stories, how you drive discovery, and how you drive action.” Marketers who understand their brand’s positioning and reflect it consistently in their creative libraries will thrive across emerging channels. Both noted that AI-driven ad platforms increasingly rely on strong creative libraries to assemble the right message at the right moment. Myths about AI and creative The conversation also addressed misconceptions about AI-generated creative. Hopkins cautioned against overrelying on AI to build entire creative libraries, emphasizing: “AI is not the replacement for our creativity… you should not be delegating full stop your creative to AI.” Instead, she said marketers should focus on how AI can amplify their work. Campaigns must perform even when only a single asset appears, such as a headline or image. Creatives need to “stand alone” and clearly communicate the brand. Marvin reinforced the need for a broader range of visual assets than most advertisers maintain. “You probably need more assets than you currently have,” she noted, especially as cross-channel campaigns like Demand Gen depend on testing multiple combinations. Both positioned AI as an enabler, not a replacement, stressing that human creativity drives differentiation. Strategic use of assets Both liaisons emphasized the need for a diverse, adaptable asset library that works across formats and surfaces. Marvin explained that AI systems now evaluate creative performance individually: “Underperforming assets should be swapped out, and high-performing niche assets can tell you something about your audience.” Hopkins added that distinct creative assets reduce what she called “AI chaos moments,” when the system struggles because assets overlap too closely. Distinctiveness—visual and textual—helps systems identify which combinations perform best. Both urged marketers to rethink creative planning, treating assets as both brand-building and performance-driving rather than separating the two. Partnering with AI for measurement The conversation concluded with a deep dive into what it means to measure performance in an AI-first world. Hopkins listed the key strategic inputs AI relies on: “First-party data, creative assets, ad copy, website content, goals and targets, and budget. These are the things AI uses to optimize towards your business outcomes.” She also highlighted that incrementality — understanding the true added value of ads — is becoming more important than ever. Marvin acknowledged the challenges marketers face in letting go of old control patterns, especially as measurement shifts from granular data to privacy-protective models. However, she stressed that modern analytics still provide meaningful signals, just in a different form: “It’s not about individual queries anymore… it’s about understanding the themes that matter to your audience.” Both encouraged marketers to think more strategically and holistically in their analysis rather than getting stuck in granular metrics. View the full article

Those in steady employment in 2026 might feel like they won the lottery, as the number of job openings dwindles at the same time as layoffs continue to hit. This has caused some recruiters to shift their focus from employers to the unemployed: Instead of companies hiring recruiters to find and place talent, job seekers are now the ones enlisting recruiter services to help get a foot in the door, coughing up hefty fees (either a flat rate or a cut of the candidate’s first-year salary once they land a job). The Wall Street Journal recently reported on the trend which has come to be known as “reverse recruitment.” One boutique agency the Journal spoke with, The Reverse Recruiting Agency, charges $1,500 per month, plus “10% of first-year salary upon job acceptance,” at which time they will refund the first month’s fee. Their services include customized résumés (with “zero AI-written slop”), hiring manager outreach, LinkedIn profile and résumé optimization, and networking support. Their promise? Nine interviews in the first three months, or your money back. Refer is another reverse recruitment agency that connects talent directly with hiring managers using an AI agent, “Lia.” “Lia” is currently making 20-plus introductions daily between candidates and hiring managers who have already expressed interest in their profiles. The cost of landing a job with Refer will set new hires back 20% of their first month’s paycheck. As sites like LinkedIn are flooded with applications and employers rely on AI résumé screeners, applicants are increasingly seeking alternative ways to get their profiles in front of the right people. There’s also those offering these services for less on gig platforms, like Fiverr. But for those with the means, or those desperate enough, spending a few thousand dollars to not have to suffer the indignities of the job hunt may seem like a fair deal. Looking for a job is a time-consuming and often ego-bruising task—especially considering one in four unemployed people, or 1.8 million Americans, are still job hunting six months later. A “low-hire, low-fire” environment means that, while the current unemployment rate isn’t all that bad, for those out of work it’s incredibly difficult to land a job. Roughly one million more people are seeking work than there were available jobs as of December, according to Bureau of Labor Statistics data analyzed by Indeed. Many job seekers employing the services of reverse recruiters may have been unemployed for months—at which point they’ve exhausted their 26 weeks of unemployment insurance benefits, which replace less than 40% of a person’s previous income on average. Here, pay-to-play hiring is a worrying trend and a sign of a bleak job market. When job seekers are made to shoulder the financial burden of their own recruitment, without guaranteed results, it shifts the risk from employers to the unemployed, many of whom will already be under immense strain and stress. “Let’s call this what it is: predatory marketing wrapped in career coaching language,” a résumé writer and former recruiter, Sarah Johnston, posted on LinkedIn. “This is a dark space, don’t do it,” founding partner of executive search firm Cowen Partners, Shawn Cole also posted. “”Reverse-recruiter models” are not real or reputable recruiting firms. They are résumé spammers.” He added: “Your résumé and livelihood shouldn’t be treated like spam.” View the full article