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Kalshi made headlines last month over allowing people to place wagers on the Iran war. Now the prediction market platform is being sued by the state of Arizona, the first state to file criminal charges against the controversial company. The platform, which allows users to place wagers on happenings, such as sports games or even current events, is being accused of operating an illegal gambling business that violates the state’s laws. In a 20-count document, prosecutors alleged that the platform is mischaracterizing itself to avoid being subject to gambling laws and allowing bets on political races. “Kalshi may brand itself as a ‘prediction market,’ but what it’s actually doing is running an illegal gambling operation and taking bets on Arizona elections, both of which violate Arizona law,” state Attorney General Kristin Mayes said in a statement. “No company gets to decide for itself which laws to follow.” While Kalshi, which is overseen by the Commodity Futures Trading Commission (CFTC), has faced major scrutiny, it’s currently legal at the federal level because it’s classified as a financial trading platform rather than as a gambling site, but. Essentially, that means that placing bets on sports — which makes up about 90% of the bets on Kalshi — doesn’t qualify as gambling. Prediction market platforms have become wildly popular, especially because they allow users to bet on cultural events, even elections. But some of those bets have been broadly criticized, such as wagers over the Iran war, or when a nuclear bomb would explode. Some betters have been accused of using insider knowledge to place bets on prediction market platforms, too. In February, the Israeli government said it had arrested military reservists for allegedly using a similar platform, Polymarket, in an attempt to profit off classified military operations, such as when the country would launch attacks. When it comes to Kalshi, at least 20 federal suits have been filed against the company. In September 2025, Massachusetts became the first state to sue the company in an attempt to block the platform from operating. Last month, a judge in that case rejected a request by Kalshi to allow it to keep offering sports-events contracts in the state while it appeals an injunction that will disallow it from without a state gaming license. In regard to the new criminal suit, Kalshi is holding its ground on why the platform should remain legal and accessible. “Sadly, a state can file criminal charges on paper thin arguments,” Kalshi said in a statement to CNBC. “States like Arizona want to individually regulate a nationwide financial exchange, and are trying every trick in the book to do it. As other courts have recognized and the CFTC affirms, Kalshi is subject to federal jurisdiction.” If Arizona should win the suit, it could limit Kalshi’s ability to operate nationwide by enabling more state-level restrictions to hit the platform. However, Michael Selig, the chair of the CFTC, said the The President administration supports Kalshi and other prediction market platforms like it. In a post on X, Selig wrote, “This is a jurisdictional dispute and entirely inappropriate as a criminal prosecution,” adding that the CFTC is “watching this closely and evaluating its options.” Fast Company reached out to Kalshi over the suit but did not hear back by the time of publication. View the full article

As the U.S. and Israel’s war against Iran continues to upend energy markets and supply chains worldwide, the The President administration says it will temporarily waive maritime shipping requirements under a more than century-old law known as the Jones Act. The Jones Act requires that goods hauled between U.S. ports be moved on U.S.-flagged vessels. Passed in 1920, this law aims to protect the American shipping sector — but it’s also faced criticism over the years for slowing the delivery of goods, including critical aid during time of crisis. On Wednesday, the White House said that it would suspend Jones Act requirements for 60 days, in a measure that arrives amid wider efforts to counter steep oil prices and cargo disruptions due to the war. The Jones Act is often blamed for making gas, in particular, more expensive. Still, some analysts and industry groups say this waiver will do little to ease consumers’ fuel bills today. Here’s what we know. What is the Jones Act? The Jones Act’s official name is the Merchant Marine Act of 1920. Congress passed the law — sponsored by Sen. Wesley Jones of Washington state — in an effort to rebuild U.S. shipping after German U-boats decimated America’s merchant flee during World War I. Among other things, the Jones Act mandates that ships carrying cargo and passengers between U.S. ports must be built in the United States and owned by Americans — effectively prohibiting foreign-flagged ships from this domestic trade. The vessels are also required to carry U.S. crews. The law can be waived in the “interest of national defense,” the U.S. Maritime Administration notes, either through the Homeland Security or Defense Department. The Jones Act also was intended to ensure that the U.S. had its own merchant fleet in case of war. It’s been strongly supported by some U.S. shipping companies, national security advocates and organized labor. But cutting out foreign competition has also driven up the cost of carrying cargo domestically. U.S.-flagged ships are generally more expensive to both operate and build than foreign ones. And those costs are especially damaging to states and territories that are supplied by sea, such as Hawaii and Puerto Rico. Why is The President waiving Jones Act requirements now? Oil prices have spiked and swung rapidly since the start of the Iran war. Nearly all tanker movement in the key Strait of Hormuzremains at a halt, which has led major oil producers across the Middle East to cut production. Commercial ships — which, beyond fuel, haul cargo from pharmaceuticals to computer chips — have also been stalled at sea or faced attacks themselves. That’s pushing up prices for businesses and consumers worldwide. Brent crude, the international standard, was trading at nearly $109 a barrel on Wednesday, up from roughly $70 before the war began. And U.S. crude is now at about $98 a barrel. U.S. drivers have already seen prices at the pump jump dramatically — with the national average for regular gasoline topping $3.84 a gallon Wednesday, per AAA, up about 86 cents from before the war. All of this has left countries scrambling for more supply and alternative shipping routes. The White House confirmed last week it was looking into suspending Jones Act requirements, which The President called “restrictive.” White House press secretary Karoline Leavitt said Wednesday that the Jones Act waiver would help “mitigate the short-term disruptions to the oil market” during the Iran war and would “allow vital resources like oil, natural gas, fertilizer, and coal to flow freely to U.S. ports.” Meanwhile, the American Maritime Partnership — a coalition that represents vessel owners and operators, unions, equipment yards and vendors — said in a statement that it was “deeply concerned” about the 60-day waiver “being abused and unnecessarily displacing American workers and American companies.” The group, which has been a longtime supporter of the Jones Act, also reiterated that the action would do little to reduce gas prices for consumers. How could suspending Jones Act requirements impact gas prices? A number of factors contribute to prices at the pump. And many note that opening up domestic shipping routes isn’t a sweeping fix. The Center for American Progress estimated last week that waiving the Jones Act would decrease East Coast gas prices by a modest 3 cents, but potentially raising costs on the Gulf Coast. And the move “would also sideline American shipbuilders and workers and allow the oil industry to continue to profit from high prices while reducing transport costs,” the research and policy think tank said Friday. The U.S. is looking for additional ways to boost oil supply. Also on Wednesday, the Treasury Department eased sanctions to allow U.S. companies to do business with Venezuela’s state-owned oil and gas company. And the The President administration has announced it will temporarily free up Russian oil from U.S. sanctions, too. Last week, the International Energy Agency also pledged to release 400 million barrels of oil available from its member nations’ stockpiles, the largest volume of emergency oil pulled in the organization’s history. The President, who previously downplayed the need to tap into reserve oil, confirmed that the U.S. would pull 172 million barrels from its Strategic Petroleum Reserve over 120 days as part of the IEA’s effort. Still, analysts maintain this will be a short-term bridge. Refineries also buy crude oil in advance, and it takes time for new supply to trickle down to consumers. And, of course, it’s possible the pain of higher prices could increase further if the war drags on. The U.S. is a net exporter of oil, but that doesn’t mean it’s immune to global spikes. Oil is a commodity traded globally. And most of what the U.S. produces is light, sweet crude, but refineries on the East and West coasts are primarily designed to process heavier, sour product. As a result, it also needs imports. —Wyatte Grantham-Philips, AP business writer AP Writers Seung Min Kim, Paul Wiseman, and Collin Binkley in Washington contributed to this report. View the full article

Google is cleaning up outdated requirements in Google Ads, reflecting how legacy ad formats have evolved into newer, more automated products. What’s happening. As of March 17th, Google discontinued multiple ad format policies, including those related to form ads, image quality, responsive ads, and text ads. What changed. These requirements are being removed because the original formats have transitioned into newer campaign types and ad experiences, making the old policy frameworks no longer relevant. Why we care. This update simplifies the policy landscape in Google Ads, reducing confusion around outdated requirements tied to legacy formats. What advertisers should do. Advertisers are now expected to rely on current Google Ads policies and ad format requirements, which govern newer formats like automated and AI-driven campaigns. The bottom line. By removing legacy requirements, Google is streamlining policies in Google Ads — signalling a continued move toward fewer, more unified standards for modern ad formats. View the full article

Investors have trimmed bets on US monetary policy easing this year as surging energy prices risk jump in inflationView the full article

President Donald The President first ran on a campaign to “make America great again.” Whether he’s been successful in doing so (or if America was ever great to begin with) is hotly contested—but even as the work continues on our home planet, one NASA leader is encouraging The President to set his sights even further. Newly appointed NASA administrator Jared Isaacman said he thinks Pluto should regain the planetary status that it controversially lost 20 years ago. “I 100% support President The President making Pluto great again,” Isaacman told Daily Mail in a new interview. Isaacman cited Pluto’s discovery by Clyde Tombaugh, the farmboy-turned-astronomer who first spotted Pluto from a Kansas observatory in 1930, as one reason it ought to be recognized as a planet. “I think we owe it to everyone from Kansas and all their great contributions to astronomy and aerospace to rightfully restore that discovery to a planet,” Isaacman said. When Pluto got demoted Pluto may have been discovered by an American, but that doesn’t mean President The President controls its planetary status. That power falls to the International Astronomical Union (IAU), which decided two decades ago that Pluto doesn’t meet the criteria to be a planet. It may orbit the Sun and be large enough to form a nearly round shape—two of the three qualifications for planetary status, according to NASA—but it “has not been able to clear its orbit of debris,” the IAU’s 2006 resolution stated. As such, the IAU declared Pluto a dwarf planet instead. The push to be a planet Folks have been fighting to reverse Pluto’s demotion from the moment it was decided. That fervor has reached a fever pitch under The President, with both celebrities and government officials weighing in. In 2025, Star Trek actor William Shatner decried the IAU’s authority over space and asked for Elon Musk’s help in getting The President’s attention: “We should ask Elon to get the President to sign one of those Executive thingies to make Pluto a planet again,” he posted on X, to which Musk replied, “I’d support that.” On the political side, Senator Mike Lee (R-UT) asked The President to “Make Pluto Planetary Again” in a post of his own last February. Even Isaacman’s predecessor Jim Bridenstine, the NASA administrator during The President’s first administration, said at a 2019 press event that “Pluto is a planet, and you can write that the NASA administrator declared Pluto a planet once again.” The President himself has yet to address the demands to “make Pluto great again”—though judging from his track record of renaming things he has no claim over (does anyone actually call it the Gulf of America?), it wouldn’t be surprising if he tried to exert power over Pluto. Isaacman’s rocky history with The President Though Isaacman only became the administrator of NASA in December of 2025, he was first nominated for the position by The President a year prior in December 2024, when The President was still only the president-elect. Though Isaacman passed a Senate Committee vote in April of 2025, his nomination was rescinded by the White House a month later, just a week before he was set to be confirmed by the full Senate. “After a thorough review of prior associations, I am hereby withdrawing the nomination of Jared Isaacman to head NASA,” The President posted on social media at the time, referring to Isaacman’s previous donations to Democratic politicians. But The President changed his mind about Isaacman yet again that November, when he nominated Isaacman for the position a second time. The President’s reasoning for the switch-up isn’t totally clear: He and then-acting NASA administrator Sean Duffy reportedly met with Isaacman in the months leading up to the nomination. On the day of Isaacman’s swearing-in, The President issued a sweeping executive order, which included plans to put astronauts back on the moon by 2028 and to begin progress on a permanent lunar base by 2030. View the full article

Construction projects move fast, cost plans shift constantly and small cost mistakes can quickly turn into major overruns. A quantity surveyor plays a central role in keeping financial control across the entire project lifecycle. From early estimates to final accounts, understanding how this role works helps teams plan better, spend smarter and avoid costly surprises. What Is a Quantity Surveyor? A quantity surveyor is a construction professional responsible for managing project costs, contracts and financial performance from planning through completion. They estimate costs, prepare cost plans, track expenses and ensure work stays within financial limits. By coordinating with contractors, suppliers and project managers, they help control spending, reduce risk and maintain profitability throughout the construction project lifecycle. ProjectManager is award-winning construction project management software that gives construction companies tools to ensure projects are completed on time, within the cost plan and within scope. It allows project managers to create detailed construction programmes, estimate costs, allocate resources, set cost plans, track progress and compare estimated versus actual project outcomes using real-time dashboards and reports to quickly identify delays or cost overruns. Get started with ProjectManager for free today. /wp-content/uploads/2024/04/critical-path-light-mode-gantt-construction-CTA.pngLearn more What Does a Quantity Surveyor Do? Every construction project needs someone focused on keeping costs aligned with the plan while work progresses on-site. The main purpose of a quantity surveyor is to protect the cost plan, ensure financial efficiency and prevent cost overruns. They act as the bridge between technical execution and financial control, helping teams make informed decisions so the project can be delivered on time, within the cost plan and according to contractual expectations. Prepare detailed cost estimates based on drawings, specifications and project scope requirements. Develop and maintain a project cost plan aligned with the construction programme and resources. Analyze tenders and support the tendering process to select cost-effective proposals. Monitor project costs in real time to identify variances and prevent cost overruns. Manage procurement processes, including pricing materials, subcontractor selection and contract negotiation. Review and certify interim valuations submitted by contractors based on completed work. Conduct value engineering exercises to optimize costs without reducing project quality or performance. Prepare cost reports and financial forecasts to support decision-making throughout the project lifecycle. Handle contract administration tasks, including claims, variation orders and dispute resolution processes. Perform final account settlement by reconciling all project costs and closing financial records accurately. Quantity Surveyor Job Description Examples To understand how this role works in practice, it helps to look at real-life quantity surveyor job description examples that reflect how construction companies actually hire, structure and define responsibilities across different experience levels. Assistant Quantity Surveyor Job Description An assistant quantity surveyor supports cost planning, procurement and contract administration on construction projects. They help prepare cost plans, analyse tenders, track project costs and assist with valuations while working under senior surveyors to build practical experience in commercial management and project financial control. Assistant Quantity Surveyor Job Summary At the early stages of a construction career, professionals step into this role to support cost planning, budgeting and contract administration activities. An assistant quantity surveyor works closely with senior team members, helping manage project costs, track expenses and contribute to procurement and reporting tasks while gaining hands-on experience across the project lifecycle. Assistant Quantity Surveyor Key Responsibilities Assist in preparing detailed cost estimates for materials, labor and equipment based on project drawings and specifications. Support the development and monitoring of project cost plans to ensure alignment with cost constraints and financial targets. Help create and manage tender documents, including bills of quantities and pricing schedules for procurement processes. Track actual project expenses and report cost variations or discrepancies to senior quantity surveyors. Assist with contract administration tasks such as handling variations, claims and supporting dispute resolution processes. Prepare regular financial reports, including cost forecasts and cash flow projections for ongoing projects. Conduct basic cost analysis and research pricing data for labor, materials and equipment to support decision-making. Collaborate with project managers, engineers and contractors to ensure financial alignment with project scope and timeline. Assist in value engineering efforts by identifying cost-saving opportunities without compromising quality standards. Maintain accurate project documentation, including cost records, contracts and procurement data for audit and reporting purposes. Assistant Quantity Surveyor Required Qualifications Bachelor’s degree or diploma in quantity surveying, construction management or a related field. Basic understanding of construction processes, building systems and project delivery methods. Knowledge of cost estimation, cost planning and construction documentation principles. Familiarity with contracts, procurement methods and standard construction practices. Assistant Quantity Surveyor Required Skills Strong numerical and analytical skills to support accurate cost estimation and financial tracking. Attention to detail when reviewing drawings, quantities and cost breakdowns. Effective communication skills to coordinate with project teams and stakeholders. Ability to use quantity surveying software, spreadsheets and cost management tools. Time management skills to handle multiple tasks across different project phases. Problem-solving mindset to identify cost issues and support corrective actions. Assistant Quantity Surveyor Preferred Experience One to two years of experience in construction, cost consulting or a related field. Experience working on residential, commercial or infrastructure construction projects. Exposure to tendering processes, contract administration or procurement workflows. Familiarity with BIM tools, quantity takeoff software or construction cost databases. Internship or apprenticeship experience supporting project cost management activities. Senior Quantity Surveyor Job Description A senior quantity surveyor leads cost management and commercial strategy across construction projects. They oversee cost planning, manage contracts, certify valuations, negotiate variations and monitor financial performance. With full accountability for the cost plan, they ensure projects remain commercially viable while guiding teams and supporting key stakeholder decisions. Senior Quantity Surveyor Job Summary With full ownership of project finances, this role sits at the center of commercial decision-making on construction projects. A senior quantity surveyor leads cost control, contract management and financial reporting activities while overseeing multiple projects or large work packages. Beyond execution, they guide strategy, manage client relationships and ensure projects remain commercially viable from pre-construction through final account settlement. Senior Quantity Surveyor Key Responsibilities Lead cost planning, budgeting and financial control across multiple construction projects or major work packages. Prepare and review bills of quantities, cost estimates and tender documents for complex developments. Verify contractor payment applications, certify valuations and manage final account negotiations with stakeholders. Oversee change management processes, including evaluating variations, claims and contractual adjustments. Monitor project cash flow, cost forecasts and financial performance against approved cost plans. Manage subcontractor procurement, contract negotiations and commercial agreements throughout the project lifecycle. Coordinate with project managers, engineers and clients to align financial outcomes with project scope and timeline. Conduct value engineering and cost optimization strategies to improve project profitability and efficiency. Supervise and mentor junior and assistant quantity surveyors, reviewing work and ensuring quality standards. Maintain detailed financial records, reports and documentation to support audits and commercial decision-making. Senior Quantity Surveyor Required Qualifications Bachelor’s degree in quantity surveying, construction management, civil engineering or a related discipline. Professional certification such as RICS, CIOB or equivalent is often required or strongly preferred. Strong understanding of construction contracts, procurement strategies and cost management principles. Advanced knowledge of project financial management across pre-construction and execution phases. Senior Quantity Surveyor Required Skills Advanced analytical skills to interpret complex cost data and financial reports accurately. Strong negotiation skills for managing contracts, subcontractors and client commercial discussions. Leadership and team management abilities to guide junior staff and coordinate cross-functional teams. Proficiency in cost management software, estimation tools and advanced spreadsheet modeling. Clear communication skills to present financial insights to stakeholders and senior management. Commercial awareness to balance cost, risk and project performance effectively. Senior Quantity Surveyor Preferred Experience Five to ten years of experience in quantity surveying within construction or infrastructure projects. Experience managing large-scale or high-value projects with full cost and contract responsibility. Proven track record of handling contract negotiations, claims management and dispute resolution. Experience supervising junior staff and leading commercial teams on active construction projects. Background in sectors such as residential development, civil engineering or industrial construction. Quantity Surveyor Salary Ranges To understand how compensation compares across the industry, it’s useful to look at salary data from well-known UK-based salary analysis platforms. These sources compile real job postings, employer data and employee-reported earnings to show how pay varies by experience level. Assistant Quantity Surveyor Salary Range Glassdoor: According to Glassdoor the salary of an assistant quantity surveyor goes from £30,000 to £45,000 based on entry-level data and reported ranges. Indeed: According to Indeed the salary of an assistant quantity surveyor typically ranges from £28,000 to £40,000 depending on location and experience. Totaljobs: According to Totaljobs the salary of an assistant quantity surveyor goes from £25,000 to £38,000 across the UK market. Payscale: According to Payscale the salary of an assistant quantity surveyor goes from £24,000 to £42,000 depending on skills and employer. Reed: According to Reed the salary of an assistant quantity surveyor goes from £26,000 to £40,000 across various UK regions. Quantity Surveyor Salary Range Indeed: According to Indeed the salary of a quantity surveyor goes from £35,000 to £65,000 depending on experience and region. Glassdoor: According to Glassdoor the salary of a quantity surveyor goes from £35,000 to £53,000 in typical base pay ranges. Reed: According to Reed the salary of a quantity surveyor goes from £40,000 to £70,000 depending on role and specialization. Totaljobs: According to Totaljobs the salary of a quantity surveyor goes from £38,000 to £68,000 across the UK job market. Glassdoor (London): According to Glassdoor the salary of a quantity surveyor goes from £40,000 to £61,000 in London. Senior Quantity Surveyor Salary Range Indeed: According to Indeed the salary of a senior quantity surveyor goes from £60,000 to £90,000 depending on project size and experience. Glassdoor: According to Glassdoor the salary of a senior quantity surveyor goes from £44,000 to £69,000 in London. Reed: According to Reed the salary of a senior quantity surveyor goes from £65,000 to £95,000 across UK industries. Totaljobs: According to Totaljobs the salary of a senior quantity surveyor goes from £60,000 to £85,000 depending on employer and location. Payscale: According to Payscale the salary of a senior quantity surveyor goes from £50,000 to £90,000 based on experience and specialization. Free Related Construction Project Management Templates We’ve created dozens of free construction project management templates for Excel, Word and Google Sheets. Here are some of them. Bill of Quantities Template This bill of quantities template helps organise materials and labour with item numbers, descriptions, units, quantities and rates, automatically calculating total costs to support accurate pricing, cost planning and tender submissions. Snagging List Template This snagging list template helps teams record defects, assign responsibility, track status and verify rectification using structured fields for location, trade, priority and deadlines to support efficient project closeout. ProjectManager Is an Award-Winning Construction Project Management Software ProjectManager is award-winning construction project management software built to support projects from preconstruction through closeout. It includes a robust set of features such as Gantt charts, timesheets, workload management charts and real-time dashboards and reports. The platform also offers unlimited cloud-based document storage and AI-driven project insights that help teams manage construction documents and track project activities. Watch the video below to see how it works. Related UK Construction Project Management Content Program of Works in Construction: A Quick Guide How to Make a Schedule of Rates for a Construction Project Cost Value Reconciliation: How to Make a CVR Report How to Make a Construction Phase Plan (Templates Included) Variation Order in Construction: A Quick Guide Snagging Inspection: Making a Snagging List Tendering Process in Construction: A Quick Guide Construction Cost Planning: How to Make a Cost Plan Dayworks In Construction: A Quick Guide ProjectManager is online construction project management software that empowers teams to plan, manage and track their projects in real time. We connect architects and engineers in the office with your work crew on the job site so they can share files and comments to foster better collaboration. Get started with ProjectManager today for free. The post Quantity Surveyor: Job Description Examples and Salary Ranges appeared first on ProjectManager. View the full article

As the job market tightens, LinkedIn has become the battleground for anyone trying to stand out. This corner of the internet has its own vernacular—where even a marriage proposal can be a lesson on B2B sales—and now a new tool has arrived to help LinkedIn visitors and would-be thought leaders speak the language. Launched by the Palo Alto-based search engine company Kagi, the translator tool, visually similar to Google Translate, offers a feature to translate any phrase or sentence into what it’s calling “LinkedIn Speak.” For instance, when I inputted the phrase “I’m writing a story about this translator for Fast Company,” the platform blurted out corporate-sounding prose filled with LinkedIn jargon. And yes, it even threw some emojis and hashtags into the mix: “🚀 Thrilled to share that I’m currently crafting a deep-dive feature for Fast Company on the future of translation technology! ✍️✨ It’s been an incredible journey exploring how this game-changing translator is redefining global communication. Stay tuned for more insights on how we’re breaking down barriers in the digital age! 🌍📈 #Innovation #TechTrends #FastCompany #TranslationTech #GlobalBusiness #Storytelling,” the translator wrote.” Anyone scrolling on LinkedIn has seen its posts just like this, with users sharing in-depth announcements or analyses of the seemingly mundane, often sounding more like Oscar acceptance speeches than mere career updates. As ridiculously accurate as the responses are, it comes as no surprise that the tool has taken social media by the storm. “Babe wake up someone created Google Translate for LinkedIn,” one user said on X in a post with over 6.6 million views. Redditors, meanwhile, have been testing how well the tool deals with funny or obnoxious phrases. LinkedIn Speak always seems to come up with an answer. Take one user who inputed the phrase “my dog has bad gas.” The translator responded: “I’m currently navigating a unique air quality challenge within my domestic ecosystem. It’s a powerful reminder that even our most loyal partners can disrupt the status quo, forcing us to pivot and optimize our environment. Grateful for the opportunity to practice resilience and deep breathing today. #Leadership #ProblemSolving #Agility #PetOwnership.” Kagi’s viral translator is just one of the company’s growing suite of products. Its flagship search engine sets itself apart due to its focus on privacy, with the company claiming it is free of ads and does not track the user’s data. Kagi is able to provide services without data mining by charging users, offering tiered prices starting at $5 a month. The company also offers its own large language model (LLM), and recently launched the mobile option of its translator tool, and “Small Web,” which curates a collection of human-authored and noncommercial websites. And while LinkedIn Speak might be taken mostly as a joke online, there’s clearly a practical use to it—as it also allows users to convert LinkedIn posts back to English. “[Finally] a way to decode what ‘leveraging synergies across cross-functional teams’ actually means,” one X user added. View the full article

Visibility is no longer just about ranking. It depends on whether your content is discovered, evaluated, and selected in AI-driven search experiences. We’re kicking off our new monthly SMX Now webinar series on April 1 at 1 p.m. ET with iPullRank’s Zach Chahalis, Patrick Schofield, and Garrett Sussman on how you must adapt. The session introduces iPullRank’s Relevance Engineering (r19g) framework for executing Generative Engine Optimization (GEO) through an omnichannel content strategy. You’ll learn how AI search uses query fan-outs to discover and select sources, and how to structure content so it’s retrieved, surfaced, and cited. It also emphasizes that GEO success isn’t universal. It requires testing, tailored strategies, and a three-tier measurement model spanning discovery, selection, and citation impact. Save your spot Search Engine Land is proud to be a media partner for iPullRank’s upcoming SEO Week event. View the full article

One-time pick to lead key statistics body EJ Antoni says inflation was ‘worse than we thought’ even before conflictView the full article

If you’re considering buying a small business near you, it’s important to start with clear goals and a solid comprehension of the market. You’ll need to assess your financial readiness, including the down payment and transaction costs. Engaging professional advisors can help you navigate the intricacies of the acquisition process. Grasping these initial steps is critical, as they lay the groundwork for a successful purchase and shift. Let’s explore the key tips that can guide you through this expedition. Key Takeaways Define your business goals early, determining whether you prefer active management or passive investment in a thriving sector like Houston’s energy or healthcare. Conduct thorough market research to identify local competitors and assess their strengths, weaknesses, and market positions. Assemble a team of professional advisors, including attorneys and CPAs, to guide you through due diligence and hidden liability assessments. Explore financing options such as SBA 7(a) loans and seller financing to minimize upfront costs and secure your investment. Ensure compliance with local regulations and verify all licenses and permits before finalizing your business purchase. Define Your Business Goals and Objectives When you’re considering buying a small business, it’s essential to clearly define your business goals and objectives, as this foundational step will shape your entire acquisition strategy. First, decide if you want to actively manage the business or if it will serve as a passive investment. This choice impacts your operational involvement and the types of opportunities you’ll explore. Identify your long-term objectives, such as profit generation or retirement, to align your strategy with your financial aspirations. Analyze the compatibility of your goals with thriving sectors in Houston, like Energy, Healthcare, and Technology. Each acquisition is unique, so assess your experience level—whether you’re a newcomer or a seasoned buyer. Engaging professionals early in the process can help clarify and refine your goals, ensuring you’re well-prepared for a successful shift when you find a small business for sale near me or decide to buy small business near me. Conduct Thorough Market Research To make informed decisions when buying a small business, you need to analyze local competition and identify market trends. Start by examining the unique dynamics of the Houston market, where many businesses are valued below national averages, creating potential opportunities. Analyze Local Competition Analyzing local competition is crucial for comprehending the market environment before buying a small business. Start by identifying at least three main competitors in your area. Evaluate their strengths, weaknesses, and market positioning to understand how they operate. In Houston, the average revenue multiples are around 0.5x, lower than the national average of 0.65x, which can help you gauge pricing expectations for local businesses for sale. Assess customer demographics and trends in Harris County, as the population exceeds 4.7 million, revealing potential growth opportunities. Moreover, review key sectors like Energy, Healthcare, Technology, and Professional Services, which show resilience. Use competitor pricing and service offerings to inform your acquisition strategy, especially when considering a turnkey business for sale. Identify Market Trends Grasping market trends is vital for making informed decisions when considering the purchase of a small business. Comprehending these trends helps you identify potential opportunities and risks. Here’s how to effectively conduct market research: Analyze Key Sectors: In Houston, sectors like Energy, Healthcare, and Technology are thriving, indicating where to find a small business to buy. Evaluate Valuations: Houston’s business valuations are about 20% below national averages, offering chances to acquire undervalued businesses, including turn key business for sale. Assess Demographics: With Harris County‘s population exceeding 4.7 million, consumer demand is strong, making it imperative if you’re looking to buy home based business. Assess Your Financial Preparedness Before plunging into the process of buying a small business, it’s crucial to assess your financial preparedness, as this foundation can greatly influence your success. Start by determining your available cash for a down payment, which typically ranges from 10-15% of the purchase price. Remember to take into account total transaction costs, which can range from 5% to 15% of the purchase price, covering legal fees, due diligence costs, and business valuation services. If you’re eyeing turn key businesses or a home based business for sale, be ready to provide financial information to lenders and landlords who require proof of your financial capabilities. You might explore financing options like SBA 7(a) loans, which cover 75-80% of total project costs. Finally, account for potential professional costs for financial verification, which can vary widely, so budget accordingly to avoid surprises during your acquisition process. Engage Professional Advisors When you’re buying a small business, engaging professional advisors is crucial for maneuvering the intricacies of the acquisition process. Their expertise helps guarantee a thorough review of documents and identifies potential liabilities that could impact your investment. Importance of Expertise Engaging professional advisors is essential for maneuvering the intricacies of buying a small business, as their expertise can help you avoid costly pitfalls. By assembling a team early in the buying process, you improve your chances for a smooth changeover and mitigate potential issues. Here are three key areas where their expertise is invaluable: Identifying Hidden Liabilities: Attorneys and CPAs can uncover risks that may not be immediately apparent, protecting you from unexpected expenses. Quality of Earnings Analysis: Experienced accountants help you differentiate between sustainable profits and irregularities, guaranteeing informed purchasing decisions. Regulatory Compliance: Legal representation guarantees you meet all necessary regulations and licensing requirements, reducing risks associated with local laws. Investing in expert advice can ultimately save you money and headaches down the road. Comprehensive Document Review A thorough document review is critical during the acquisition of a small business, as it guarantees that all legal and financial aspects are thoroughly examined. Engaging a qualified attorney is crucial to uncover hidden liabilities and structural issues, guaranteeing a detailed analysis of client agreements, vendor contracts, and employee arrangements. Furthermore, hiring a CPA to conduct a quality of earnings analysis can help distinguish sustainable profits from irregularities, offering insight into the business’s financial health. Don’t overlook regulatory compliance checks, which confirm adherence to Texas regulations and prevent costly legal problems. Budgeting for professional verification costs, typically ranging from $8,000 to $40,000+, is essential. Finally, confirm proper documentation for intellectual property transfers to protect your investment. Liability Mitigation Strategies Identifying and addressing potential liabilities is crucial during the acquisition of a small business, especially if you want to protect your investment and guarantee a smooth transition. Engaging professional advisors can greatly reduce risks associated with your purchase. Here are a few strategies to contemplate: Hire experienced attorneys to uncover hidden liabilities and guarantee a thorough contract analysis of client agreements, vendor contracts, and employee arrangements. Utilize accountants for a quality of earnings analysis, helping you separate sustainable profits from irregularities and providing a clearer financial picture. Conduct regulatory compliance checks with legal advisors to guarantee adherence to Texas regulations and necessary licenses, minimizing legal exposure. Perform Due Diligence on Potential Acquisitions Performing due diligence on potential acquisitions is crucial for guaranteeing you’re making a sound investment. Begin by reviewing financial documents, including at least three years of tax returns and profit and loss statements. Verify cash flow patterns by analyzing bank statements to identify any red flags. Engaging a certified public accountant (CPA) can provide a quality of earnings analysis, separating sustainable profits from irregularities. Use a structured due diligence checklist to evaluate operational agreements and employee contracts systematically. Don’t forget to assess the business’s liabilities and guarantee clarity on insurance and licensing. Due Diligence Aspect Key Actions Financial Review Examine tax returns, P&L, and balance sheets Cash Flow Verification Analyze bank statements and payment histories Quality of Earnings Analysis Engage a CPA for accurate valuation Liability Assessment Review insurance and licensing agreements Analyze Business Financials and Valuation When you’re looking to buy a small business, analyzing financial records is essential for comprehending its performance and potential. You’ll want to review at least three years of tax returns, balance sheets, and profit/loss statements to spot trends and assess overall financial health. Furthermore, selecting the right valuation method, such as Earnings Multiplier or Discounted Cash Flow, helps you estimate the business’s worth and negotiate effectively. Financial Records Assessment Evaluating financial records is a crucial step in buying a small business, as it provides insight into the company’s overall health and future potential. Start by reviewing at least three years of tax returns and financial statements to identify trends. Pay attention to cash flow statements, balance sheets, and profit/loss statements. Here are three key areas to focus on: Conduct a quality of earnings analysis with a CPA to identify sustainable profits and avoid irregularities. Analyze the business’s liabilities, including operational costs, insurance, and licensing, to prevent hidden issues. Understand local market averages, like Houston’s earnings multiple of 2.1x, to better assess potential valuation opportunities. Thorough financial assessment lays the foundation for informed decision-making. Valuation Method Selection After evaluating the financial records, selecting the right valuation method becomes a pivotal next step in the process of buying a small business. Focus on cash flow statements, balance sheets, and sales records to identify trends and assess sustainability. Common valuation methods, like Times Revenue and Earnings Multiplier, help estimate a business’s present value based on financial performance. It’s wise to conduct a quality of earnings analysis with a CPA to separate sustainable profits from irregularities and uncover hidden liabilities. Additionally, comprehending IRS requirements for fair market value is essential for compliance and accuracy. Tailor your valuation approach to industry specifics and market conditions in Houston, where average earnings multiples sit at 2.1x, slightly below the national average of 2.5x. Understand Legal and Regulatory Requirements Comprehending the legal and regulatory requirements is essential for anyone looking to buy a small business, especially in a complicated market like Houston. Ensuring compliance can save you from legal complications later on. Here are three key areas to focus on: Licenses and Permits: Verify that all necessary licenses and permits are current and comply with Texas regulations to avoid delays in your acquisition process. Regulatory Compliance Check: Conduct a thorough inspection to uncover any hidden liabilities or structural issues that could impact the business’s legality. Engage a Qualified Attorney: Consult with an attorney to gain insights into employee agreements, vendor contracts, and intellectual property obligations, ensuring a smooth transfer of ownership. Understanding these elements will help you navigate the intricacies of acquiring a small business and set a solid foundation for your new venture. Explore Financing Options and Structures When you’re contemplating buying a small business, comprehending your financing options and structures is vital. Typically, you’ll need a down payment of 10-15% of the purchase price. An SBA 7(a) loan can cover 75-80% of total project costs, offering longer amortization periods, competitive interest rates, and lower down payment requirements, making it a favored choice. Seller financing can contribute 5-15% of the purchase price, reducing your upfront cash needs and reflecting the seller’s confidence in the business, potentially encouraging a shift in support. You might consider various financing sources, including traditional banks, credit unions, and private investors. It’s important to understand the interest rates and repayment terms of any financing arrangement. Moreover, keep in mind that total transaction costs in Houston can range from 5% to 15% of the purchase price, encompassing legal fees, accounting costs, and business valuation services, so factor these into your budget. Plan for Seller Training and Transition Support Planning for seller training and changeover support is essential to guarantee a smooth handover of the business. The right training can greatly impact your success as a new owner. Here are three key areas to focus on: Training Duration: Understand that training periods vary; service businesses may need 2-4 weeks, whereas professional services might require 3-6 months for effective knowledge transfer. Training Agreement Structure: Clearly define the training scope, including hours, topics, and performance incentives tied to seller financing. This guarantees extensive support during the shift. Ongoing Support: Consider arranging for consultation availability post-sale. This can help you navigate challenges and provide guidance as you settle into your new role. Additionally, implement non-compete agreements during the training phase to protect your interests, preventing sellers from launching competing businesses right after the sale. Develop a Strategic Offer and Negotiation Plan After securing adequate training and support from the seller, the next crucial step involves crafting a strategic offer and negotiation plan that reflects both your financial parameters and the seller’s expectations. Start by developing a thorough Letter of Intent (LOI) that clearly outlines key terms, such as purchase price, financing structure, and any contingencies related to due diligence. Research the average earnings multiple in Houston, currently 2.1x, to guarantee your offer is competitive and aligns with market standards during evaluating the business’s financial health. Consider incorporating seller financing, typically 5-15% of the purchase price, to reduce your upfront cash needs and demonstrate confidence in the business’s value. Understand the seller’s motivation for selling, as this knowledge can help you negotiate effectively. Finally, seek professional insights from a business broker or financial advisor to align your offer with long-term objectives and address potential acquisition risks. Frequently Asked Questions What Is the Best Way to Buy a Small Business? To buy a small business, start by researching potential industries and evaluating financial health through cash flow and profit/loss statements. Engage a qualified business broker for expertise and access to exclusive listings. Secure financing options, like an SBA 7(a) loan, to cover project costs. Conduct thorough due diligence within 15 days of your offer, reviewing all legal and financial documents. Assemble a team of professionals, including a CPA and attorney, to guarantee compliance and verification. How Much Is a Business Worth With $100,000 in Sales? A business with $100,000 in sales typically has a valuation lower than expected, often around $50,000 based on a 0.5x revenue multiple in Houston. If the business generates $25,000 in earnings, its value could be approximately $52,500, using a 2.1x earnings multiple. Factors like industry, growth potential, and market conditions greatly influence these valuations, so it’s essential to conduct a thorough financial analysis to determine the business’s worth accurately. How Much Money Do I Need to Put Down to Buy a Business? When you’re looking to buy a business, expect to put down around 10-15% of the purchase price as a down payment. If you’re using an SBA 7(a) loan, this percentage typically covers 75-80% of total project costs. Seller financing can often help reduce the amount of cash you need upfront. How Much Is a Business Worth With $500,000 in Sales? A business with $500,000 in sales typically has a valuation around $250,000 in Houston, based on a revenue multiple of 0.5x. Nevertheless, if it has a profit margin of 10%, its earnings valuation might drop to about $210,000, using an average earnings multiple of 2.1x. Factors like industry trends, growth potential, and operational efficiencies influence the final worth, so conducting a detailed financial analysis is essential for accurate valuation. Conclusion Buying a small business requires careful planning and informed decision-making. By defining your goals, conducting market research, and evaluating your financial readiness, you set a solid foundation for success. Engaging professional advisors and performing due diligence guarantees you understand the legal and financial aspects of the acquisition. Exploring financing options and planning for a smooth shift with seller support will further improve your chances of a successful business ownership experience. Make these steps a priority to achieve your objectives. Image via Google Gemini This article, "10 Tips for Buying a Small Business Near Me" was first published on Small Business Trends View the full article

If you’re considering buying a small business near you, it’s important to start with clear goals and a solid comprehension of the market. You’ll need to assess your financial readiness, including the down payment and transaction costs. Engaging professional advisors can help you navigate the intricacies of the acquisition process. Grasping these initial steps is critical, as they lay the groundwork for a successful purchase and shift. Let’s explore the key tips that can guide you through this expedition. Key Takeaways Define your business goals early, determining whether you prefer active management or passive investment in a thriving sector like Houston’s energy or healthcare. Conduct thorough market research to identify local competitors and assess their strengths, weaknesses, and market positions. Assemble a team of professional advisors, including attorneys and CPAs, to guide you through due diligence and hidden liability assessments. Explore financing options such as SBA 7(a) loans and seller financing to minimize upfront costs and secure your investment. Ensure compliance with local regulations and verify all licenses and permits before finalizing your business purchase. Define Your Business Goals and Objectives When you’re considering buying a small business, it’s essential to clearly define your business goals and objectives, as this foundational step will shape your entire acquisition strategy. First, decide if you want to actively manage the business or if it will serve as a passive investment. This choice impacts your operational involvement and the types of opportunities you’ll explore. Identify your long-term objectives, such as profit generation or retirement, to align your strategy with your financial aspirations. Analyze the compatibility of your goals with thriving sectors in Houston, like Energy, Healthcare, and Technology. Each acquisition is unique, so assess your experience level—whether you’re a newcomer or a seasoned buyer. Engaging professionals early in the process can help clarify and refine your goals, ensuring you’re well-prepared for a successful shift when you find a small business for sale near me or decide to buy small business near me. Conduct Thorough Market Research To make informed decisions when buying a small business, you need to analyze local competition and identify market trends. Start by examining the unique dynamics of the Houston market, where many businesses are valued below national averages, creating potential opportunities. Analyze Local Competition Analyzing local competition is crucial for comprehending the market environment before buying a small business. Start by identifying at least three main competitors in your area. Evaluate their strengths, weaknesses, and market positioning to understand how they operate. In Houston, the average revenue multiples are around 0.5x, lower than the national average of 0.65x, which can help you gauge pricing expectations for local businesses for sale. Assess customer demographics and trends in Harris County, as the population exceeds 4.7 million, revealing potential growth opportunities. Moreover, review key sectors like Energy, Healthcare, Technology, and Professional Services, which show resilience. Use competitor pricing and service offerings to inform your acquisition strategy, especially when considering a turnkey business for sale. Identify Market Trends Grasping market trends is vital for making informed decisions when considering the purchase of a small business. Comprehending these trends helps you identify potential opportunities and risks. Here’s how to effectively conduct market research: Analyze Key Sectors: In Houston, sectors like Energy, Healthcare, and Technology are thriving, indicating where to find a small business to buy. Evaluate Valuations: Houston’s business valuations are about 20% below national averages, offering chances to acquire undervalued businesses, including turn key business for sale. Assess Demographics: With Harris County‘s population exceeding 4.7 million, consumer demand is strong, making it imperative if you’re looking to buy home based business. Assess Your Financial Preparedness Before plunging into the process of buying a small business, it’s crucial to assess your financial preparedness, as this foundation can greatly influence your success. Start by determining your available cash for a down payment, which typically ranges from 10-15% of the purchase price. Remember to take into account total transaction costs, which can range from 5% to 15% of the purchase price, covering legal fees, due diligence costs, and business valuation services. If you’re eyeing turn key businesses or a home based business for sale, be ready to provide financial information to lenders and landlords who require proof of your financial capabilities. You might explore financing options like SBA 7(a) loans, which cover 75-80% of total project costs. Finally, account for potential professional costs for financial verification, which can vary widely, so budget accordingly to avoid surprises during your acquisition process. Engage Professional Advisors When you’re buying a small business, engaging professional advisors is crucial for maneuvering the intricacies of the acquisition process. Their expertise helps guarantee a thorough review of documents and identifies potential liabilities that could impact your investment. Importance of Expertise Engaging professional advisors is essential for maneuvering the intricacies of buying a small business, as their expertise can help you avoid costly pitfalls. By assembling a team early in the buying process, you improve your chances for a smooth changeover and mitigate potential issues. Here are three key areas where their expertise is invaluable: Identifying Hidden Liabilities: Attorneys and CPAs can uncover risks that may not be immediately apparent, protecting you from unexpected expenses. Quality of Earnings Analysis: Experienced accountants help you differentiate between sustainable profits and irregularities, guaranteeing informed purchasing decisions. Regulatory Compliance: Legal representation guarantees you meet all necessary regulations and licensing requirements, reducing risks associated with local laws. Investing in expert advice can ultimately save you money and headaches down the road. Comprehensive Document Review A thorough document review is critical during the acquisition of a small business, as it guarantees that all legal and financial aspects are thoroughly examined. Engaging a qualified attorney is crucial to uncover hidden liabilities and structural issues, guaranteeing a detailed analysis of client agreements, vendor contracts, and employee arrangements. Furthermore, hiring a CPA to conduct a quality of earnings analysis can help distinguish sustainable profits from irregularities, offering insight into the business’s financial health. Don’t overlook regulatory compliance checks, which confirm adherence to Texas regulations and prevent costly legal problems. Budgeting for professional verification costs, typically ranging from $8,000 to $40,000+, is essential. Finally, confirm proper documentation for intellectual property transfers to protect your investment. Liability Mitigation Strategies Identifying and addressing potential liabilities is crucial during the acquisition of a small business, especially if you want to protect your investment and guarantee a smooth transition. Engaging professional advisors can greatly reduce risks associated with your purchase. Here are a few strategies to contemplate: Hire experienced attorneys to uncover hidden liabilities and guarantee a thorough contract analysis of client agreements, vendor contracts, and employee arrangements. Utilize accountants for a quality of earnings analysis, helping you separate sustainable profits from irregularities and providing a clearer financial picture. Conduct regulatory compliance checks with legal advisors to guarantee adherence to Texas regulations and necessary licenses, minimizing legal exposure. Perform Due Diligence on Potential Acquisitions Performing due diligence on potential acquisitions is crucial for guaranteeing you’re making a sound investment. Begin by reviewing financial documents, including at least three years of tax returns and profit and loss statements. Verify cash flow patterns by analyzing bank statements to identify any red flags. Engaging a certified public accountant (CPA) can provide a quality of earnings analysis, separating sustainable profits from irregularities. Use a structured due diligence checklist to evaluate operational agreements and employee contracts systematically. Don’t forget to assess the business’s liabilities and guarantee clarity on insurance and licensing. Due Diligence Aspect Key Actions Financial Review Examine tax returns, P&L, and balance sheets Cash Flow Verification Analyze bank statements and payment histories Quality of Earnings Analysis Engage a CPA for accurate valuation Liability Assessment Review insurance and licensing agreements Analyze Business Financials and Valuation When you’re looking to buy a small business, analyzing financial records is essential for comprehending its performance and potential. You’ll want to review at least three years of tax returns, balance sheets, and profit/loss statements to spot trends and assess overall financial health. Furthermore, selecting the right valuation method, such as Earnings Multiplier or Discounted Cash Flow, helps you estimate the business’s worth and negotiate effectively. Financial Records Assessment Evaluating financial records is a crucial step in buying a small business, as it provides insight into the company’s overall health and future potential. Start by reviewing at least three years of tax returns and financial statements to identify trends. Pay attention to cash flow statements, balance sheets, and profit/loss statements. Here are three key areas to focus on: Conduct a quality of earnings analysis with a CPA to identify sustainable profits and avoid irregularities. Analyze the business’s liabilities, including operational costs, insurance, and licensing, to prevent hidden issues. Understand local market averages, like Houston’s earnings multiple of 2.1x, to better assess potential valuation opportunities. Thorough financial assessment lays the foundation for informed decision-making. Valuation Method Selection After evaluating the financial records, selecting the right valuation method becomes a pivotal next step in the process of buying a small business. Focus on cash flow statements, balance sheets, and sales records to identify trends and assess sustainability. Common valuation methods, like Times Revenue and Earnings Multiplier, help estimate a business’s present value based on financial performance. It’s wise to conduct a quality of earnings analysis with a CPA to separate sustainable profits from irregularities and uncover hidden liabilities. Additionally, comprehending IRS requirements for fair market value is essential for compliance and accuracy. Tailor your valuation approach to industry specifics and market conditions in Houston, where average earnings multiples sit at 2.1x, slightly below the national average of 2.5x. Understand Legal and Regulatory Requirements Comprehending the legal and regulatory requirements is essential for anyone looking to buy a small business, especially in a complicated market like Houston. Ensuring compliance can save you from legal complications later on. Here are three key areas to focus on: Licenses and Permits: Verify that all necessary licenses and permits are current and comply with Texas regulations to avoid delays in your acquisition process. Regulatory Compliance Check: Conduct a thorough inspection to uncover any hidden liabilities or structural issues that could impact the business’s legality. Engage a Qualified Attorney: Consult with an attorney to gain insights into employee agreements, vendor contracts, and intellectual property obligations, ensuring a smooth transfer of ownership. Understanding these elements will help you navigate the intricacies of acquiring a small business and set a solid foundation for your new venture. Explore Financing Options and Structures When you’re contemplating buying a small business, comprehending your financing options and structures is vital. Typically, you’ll need a down payment of 10-15% of the purchase price. An SBA 7(a) loan can cover 75-80% of total project costs, offering longer amortization periods, competitive interest rates, and lower down payment requirements, making it a favored choice. Seller financing can contribute 5-15% of the purchase price, reducing your upfront cash needs and reflecting the seller’s confidence in the business, potentially encouraging a shift in support. You might consider various financing sources, including traditional banks, credit unions, and private investors. It’s important to understand the interest rates and repayment terms of any financing arrangement. Moreover, keep in mind that total transaction costs in Houston can range from 5% to 15% of the purchase price, encompassing legal fees, accounting costs, and business valuation services, so factor these into your budget. Plan for Seller Training and Transition Support Planning for seller training and changeover support is essential to guarantee a smooth handover of the business. The right training can greatly impact your success as a new owner. Here are three key areas to focus on: Training Duration: Understand that training periods vary; service businesses may need 2-4 weeks, whereas professional services might require 3-6 months for effective knowledge transfer. Training Agreement Structure: Clearly define the training scope, including hours, topics, and performance incentives tied to seller financing. This guarantees extensive support during the shift. Ongoing Support: Consider arranging for consultation availability post-sale. This can help you navigate challenges and provide guidance as you settle into your new role. Additionally, implement non-compete agreements during the training phase to protect your interests, preventing sellers from launching competing businesses right after the sale. Develop a Strategic Offer and Negotiation Plan After securing adequate training and support from the seller, the next crucial step involves crafting a strategic offer and negotiation plan that reflects both your financial parameters and the seller’s expectations. Start by developing a thorough Letter of Intent (LOI) that clearly outlines key terms, such as purchase price, financing structure, and any contingencies related to due diligence. Research the average earnings multiple in Houston, currently 2.1x, to guarantee your offer is competitive and aligns with market standards during evaluating the business’s financial health. Consider incorporating seller financing, typically 5-15% of the purchase price, to reduce your upfront cash needs and demonstrate confidence in the business’s value. Understand the seller’s motivation for selling, as this knowledge can help you negotiate effectively. Finally, seek professional insights from a business broker or financial advisor to align your offer with long-term objectives and address potential acquisition risks. Frequently Asked Questions What Is the Best Way to Buy a Small Business? To buy a small business, start by researching potential industries and evaluating financial health through cash flow and profit/loss statements. Engage a qualified business broker for expertise and access to exclusive listings. Secure financing options, like an SBA 7(a) loan, to cover project costs. Conduct thorough due diligence within 15 days of your offer, reviewing all legal and financial documents. Assemble a team of professionals, including a CPA and attorney, to guarantee compliance and verification. How Much Is a Business Worth With $100,000 in Sales? A business with $100,000 in sales typically has a valuation lower than expected, often around $50,000 based on a 0.5x revenue multiple in Houston. If the business generates $25,000 in earnings, its value could be approximately $52,500, using a 2.1x earnings multiple. Factors like industry, growth potential, and market conditions greatly influence these valuations, so it’s essential to conduct a thorough financial analysis to determine the business’s worth accurately. How Much Money Do I Need to Put Down to Buy a Business? When you’re looking to buy a business, expect to put down around 10-15% of the purchase price as a down payment. If you’re using an SBA 7(a) loan, this percentage typically covers 75-80% of total project costs. Seller financing can often help reduce the amount of cash you need upfront. How Much Is a Business Worth With $500,000 in Sales? A business with $500,000 in sales typically has a valuation around $250,000 in Houston, based on a revenue multiple of 0.5x. Nevertheless, if it has a profit margin of 10%, its earnings valuation might drop to about $210,000, using an average earnings multiple of 2.1x. Factors like industry trends, growth potential, and operational efficiencies influence the final worth, so conducting a detailed financial analysis is essential for accurate valuation. Conclusion Buying a small business requires careful planning and informed decision-making. By defining your goals, conducting market research, and evaluating your financial readiness, you set a solid foundation for success. Engaging professional advisors and performing due diligence guarantees you understand the legal and financial aspects of the acquisition. Exploring financing options and planning for a smooth shift with seller support will further improve your chances of a successful business ownership experience. Make these steps a priority to achieve your objectives. Image via Google Gemini This article, "10 Tips for Buying a Small Business Near Me" was first published on Small Business Trends View the full article

A reader writes: I manage an employee who, to put it frankly, has a bad attitude. Negative about everything: our job, our clients, life in general. A constant rain cloud. He brings down morale quite a bit, and other employees have made comments to me about how hard it is to work with him. Where I struggle is that I have a lot of sympathy for him and the many health problems he has been facing the last few years. He was in a car accident that he sustained pretty big injuries from, was diagnosed with a chronic disease which causes him constant pain, and also has had to deal with the sudden loss of a sibling. I feel like I would kind of hate the world, too. How do I address this without adding yet another blow to his mood? I answer this question — and two others — over at Inc. today, where I’m revisiting letters that have been buried in the archives here from years ago (and sometimes updating/expanding my answers to them). You can read it here. Other questions I’m answering there today include: Can I give one employee a gift but not the other? Dealing with infertility in a baby-talk-heavy office The post my employee has a terrible attitude … for a good reason appeared first on Ask a Manager. View the full article

Google is expanding how inventory appears in Google Ads Search campaigns, giving automotive advertisers a more visual, product-rich format directly in text ads. What’s happening. Google Ads now supports vehicle feed integration on Search ads, allowing advertisers to pull inventory from Google Merchant Center and enhance existing text ads with details like make, model, price, and images. How it works. Vehicle listings appear as clickable assets alongside standard Search ads, either below or beside the main text. Users can click through to a specific vehicle detail page or a broader landing page, depending on the interaction. Why we care. This update lets automotive advertisers bring real inventory directly into Search ads, making them more engaging and useful for high-intent users. It also means richer visibility without extra campaign setup, while potentially driving more qualified leads by showing key details upfront within Google Search. Why it’s notable. The update brings Shopping-style visual elements into Search campaigns, helping advertisers showcase real inventory without needing separate campaign types. For advertisers. Key benefits include a more engaging ad experience, the potential for higher-intent leads, and the ability to use existing Merchant Center feeds without duplicating setup. Measurement. Performance can be tracked using the “Click type” segment, allowing advertisers to understand how users interact with vehicle listings versus standard ad components. Matching. Google’s automation determines which vehicles appear based on user intent and query context, continuing the shift toward less manual control and more AI-driven ad assembly. The bottom line. Vehicle feeds in Search campaigns give automotive advertisers a way to blend inventory with intent-driven queries, turning standard text ads into more dynamic, product-led experiences within Google Search. View the full article

Your first 90 days on a job are often the most important. That’s where you lay the foundation for the years to come and learn more about how your skills best fit into the organization. That’s just as true when you’re launching a startup. The early days of an entrepreneurial endeavor, especially in the fast-growing consulting space, not only help to define how the business is received, but also its trajectory. As the mad dash begins for clients, there are fundamentals that you’ll need to pay attention to and long-term planning you’ll need to focus on at the same time. Get these steps right and you can lay a foundation for future growth. Ignore them, and you could be setting yourself up for headaches down the road. Here are some of the areas that will demand your attention. Define your niche Increasingly, the most successful consulting companies are the ones that are specific about who they serve and which problems they solve. “Clients prefer boutique firms offering regulatory expertise, sector specialization, and competitive pricing, driving growth in niche consulting segments,” says research firm StartUs Insights. Tighten your focus instead of trying to be all things to all clients. Make sure your company name isn’t already spoken for It seems a basic step, but as you choose a name for your business, check to ensure that it’s not already being used on the web and on social media. You’ll want a URL that matches the company name, and you should secure social-media accounts on as many platforms as possible, even if you don’t plan to use them immediately, to protect your name. Start networking As you launch your own consulting business and begin the search for clients, it’s people you know and people they know who are most likely to be of assistance. “Sixty percent of consultants get their first client through referrals from their network,” writes coaching and training platform Consulting Success. “This isn’t luck—it’s about strategically positioning yourself within your existing professional relationships.” Determine your billing model Some consulting firm founders prefer billing by the hour. Others prefer to charge a lump sum for a project. And some focus on intangibles, factors that make a client’s life easier. Hourly billing is easy and a favorite of people just getting started. Fixed sum billing for projects is preferred by about one-third of consulting firms. And value-based pricing has the largest revenue potential but is the most challenging. Just remember that you can switch models down the road. Here are some helpful formulas to consult when trying to determine what to charge. Create a potential client list—then filter it It’s not just enough to build a list of companies you think would benefit from your expertise. You’ll also need to determine which of those are worth your time, writes Roland Eva, a U.K.-based business growth consultant. After you’ve assembled a list of the types of clients you want to work with, determine which will not balk when they hear your fee. If they’re publicly held, a look at their SEC filings will give you good intel on the state of the company. If they’re private, do some research on Lexis or even with the Better Business Bureau. The idea is to avoid wasting your time with companies that are unlikely to be able to afford your services. Fine-tune your tech skills As you run down the list of things to consider when starting a consulting firm, mastering Excel and PowerPoint might not be something you think about. It should be, says Namaan Mian, COO at Management Consulted, which helps people break into the consulting field. “At most consulting firms, you’ll spend 80 percent of your day in Excel and PowerPoint,” he said in a recent video. Find an accountant and a lawyer Hiring experts to handle your startup’s finances and legal issues can remove a lot of stress from your shoulders, letting you focus on core business aspects. These don’t need to be full-time employees. Services like LegalZoom can let you access legal assistance where you pay for an hour or two when needed. Consider a small local accounting office for an affordable way to get your taxes done professionally. Consider an accountability partner This is something that’s more applicable to solo entrepreneurs. If you aren’t planning to start your consulting firm with a business partner or two, it could be worth your while to find an accountability partner. That’s someone with whom you can set up short, daily (or weekly) calls during the first few months of your business to gain outside insight that helps keep your startup on track. This could be a former colleague or mentor. Or you could find an accountability partner by getting involved with a local trade association, business owner group, or networking group. —Chris Morris This article originally appeared on Fast Company’s sister website, 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

Accounting rules on loan lock timing helped drag down nonbank mortgage profits, the Mortgage Bankers Association said. View the full article

AI poses an infuriating dilemma: On the one hand, it promises to reduce the grunt work present in every job. On the other hand, between the creation of AI slop, and employee fears around job loss, figuring out how to actually reap those benefits creates another job in and of itself. Companies are resorting to a variety of strategies to solve this problem. Amazon tracks how often employees use AI, Microsoft has an internal bootcamp where teams brainstorm how to redesign their workflows to include AI, and Boston Consulting Group has made AI use part of employee performance evaluations. Other companies are taking a different approach: paying employees to experiment with the disruptive technology. Last week, design and tech company SharkNinja—best known for its viral home appliances such as a slushie maker or an LED face mask—unrolled a program to reward employees for AI innovations. In an exclusive interview with Fast Company, CEO Mark Barrocas said the company is setting aside $1 million for the program. Under its new program, which the company calls “Jailbreak”, a small panel of judges made up of executive and senior leaders from different teams will evaluate AI projects every week. They’ll award the winning SharkNinja employees between $2,500 and $25,000. At the end of the year, the projects will all be considered for a $100,000 grand prize. SharkNinja isn’t the only company that’s handing out cash for innovation. Brex, a San Francisco fintech company, hands out spot bonuses for AI innovations, while companies like IBM and French pharma company Sanofi award points that employees trade in for merchandise and gift cards. Earlier this month, KPMG said it will hand out cash prizes to its North American employees for AI innovation. Since KPMG’s employees are used to thinking about billable hours, the firm hopes that the cash prizes will encourage them to set aside time to think about how to use AI. Barrocas said the inspiration for Jailbreak came from a similar program SharkNinja used in 2025 when the The President administration set tariffs: During an eight-day sprint, employees came up with over 1,500 ideas to mitigate the cost of tariffs, such as how to source more materials locally and re-engineer packaging to make it more efficient. (SharkNinja saw its revenue grow by 16% last year.) Barrocas hopes the Jailbreak program will set off a similar flurry of innovation. “We don’t believe we’re going to unlock AI opportunities by bringing in lots of consultants…we think it’s going to come from the individuals who know their jobs and functions,” he says. “Nobody knows the business better than they do.” He hopes that ultimately the vast majority of SharkNinja employees will start using AI. This stands to benefit SharkNinja, which will reap the rewards of increased efficiency, and employees who will become more competitive in a job market that is increasingly demanding AI skills. At the moment, it’s too early to tell if cash programs are having a meaningful impact on AI innovation. However, so far early signs are promising at SharkNinja. While employees are currently required to complete AI training and read its generative AI policy, SharkNinja saw over 700 requests for ChatGPT and Claude licenses from its employee base of 4,200 people the weekend after the program rolled out. Barrocas has already presented two awards of $20,000 each for innovations that were created earlier this year. The first was to a member of the finance team who turned a several-day reconciliation process into a 10-minute automated process. The second was to a member of the operations team who fixed a problem with SharkNinja’s retail order management process and was able to scale the solution to all of the company’s North America business, which improved efficiency and reduced errors. While the company wants to see how the program does, Barrocas hopes SharkNinja will continue it past this year. He is optimistic Jailbreak will also help dispel internal fears over AI. “We currently have over 400 open positions at the company. Unlike some companies, we’re not saying we’re going to cut roles in a significant way. What we’re hoping is people are saying, ‘Wow, I’m not able to focus on value-added work instead of the grunt work I was doing in the past.’” As companies scramble to squeeze the most productivity from AI, cash award programs like these may become the norm rather than the exception. View the full article

And four case studies for illustration. By Jackie Meyer The Balanced Millionaire: Advisor Edition Go PRO for members-only access to more Jackie Meyer. View the full article

And four case studies for illustration. By Jackie Meyer The Balanced Millionaire: Advisor Edition Go PRO for members-only access to more Jackie Meyer. View the full article

What helps one might help others. By Ed Mendlowitz Call Me Before You Do Anything: The Art of Accounting Go PRO for members-only access to more Edward Mendlowitz. View the full article

What helps one might help others. By Ed Mendlowitz Call Me Before You Do Anything: The Art of Accounting Go PRO for members-only access to more Edward Mendlowitz. View the full article

When work starts moving fast and multiple teams are involved, mistakes can quietly slip through the cracks. A quality control plan gives structure to inspections, testing and approvals so deliverables meet expectations without constant rework or costly delays. What Is a Quality Control Plan? A quality control plan is a structured document that outlines the inspections, tests and acceptance criteria used to verify that project deliverables meet defined quality standards. It specifies what will be checked, how it will be measured, who is responsible and when control activities must occur during execution. ProjectManager is award-winning project management software that gives organizations across industries the tools needed to ensure projects are completed on time, within budget and within scope. It allows project managers to create detailed project schedules, estimate costs, allocate resources, set budgets, track progress and compare estimated versus actual project outcomes using real-time dashboards and reports to quickly identify delays or cost overruns. Get started with ProjectManager for free today. /wp-content/uploads/2024/04/critical-path-light-mode-gantt-construction-CTA.pngLearn more What Is the Purpose of a Quality Control Plan? On active construction sites or shop floors, a quality control plan keeps execution disciplined by defining exactly how work will be inspected, tested and approved. Its main purpose is to ensure outputs meet requirements consistently while reducing rework, delays and disputes caused by unclear expectations. It establishes clear inspection checkpoints across the project timeline so issues are identified early before they escalate into costly delays or major defects. By defining acceptance criteria in advance, it removes ambiguity and helps teams understand exactly what “done right” looks like for each deliverable. It creates accountability by assigning responsibility for inspections, tests and approvals, ensuring nothing falls through the cracks during execution. It supports compliance with contractual requirements, industry standards and regulations by documenting how quality will be verified and controlled. It provides a record of inspections and test results, which helps resolve disputes and demonstrates that work met agreed quality expectations. Who Needs a Quality Control Plan Across industries where deliverables must meet defined standards, a quality control plan is used by teams that need consistent inspections, reliable outputs and documented verification processes to ensure work meets expectations. Construction project management teams rely on a quality control plan to manage site inspections, verify workmanship and ensure materials and installations meet project specifications and building codes. Manufacturing companies use a quality control plan to monitor production processes, perform product testing and maintain consistency across batches while reducing defects and waste. Engineering firms apply a quality control plan to validate technical outputs, confirm design compliance and ensure calculations, drawings and deliverables meet required standards. Pharmaceutical and healthcare organizations depend on a quality control plan to enforce strict testing protocols, ensure product safety and comply with regulatory requirements. Food and beverage producers implement a quality control plan to maintain hygiene standards, monitor production quality and ensure products meet safety and labeling regulations. Software and IT teams use a quality control plan to structure testing processes, identify defects and ensure applications meet performance, security and user requirements. When to Make a Quality Control Plan Before project execution begins, teams usually develop a quality control plan during project planning to define inspections, tests and acceptance criteria. As work progresses, it becomes a living document used to guide quality checks, adapt to changes, track results and ensure consistent compliance with requirements across the entire project lifecycle. /wp-content/uploads/2024/02/Quality-control-template.jpg Get your free Quality Control Template Use this free Quality Control Template for Excel to manage your projects better. Download Excel File What Should Be Included in a Quality Control Plan? Putting together a quality control plan isn’t about filling out a template—it’s about making sure every inspection, test and approval step is clearly defined before work begins. A thorough quality control plan document should cover how quality will be verified from start to finish, who is responsible and what standards must be met at each stage. Quality Objectives and Standards At the foundation, teams need to define what “acceptable quality” actually means. This section outlines the project requirements, specifications, codes and industry standards that deliverables must meet so there’s no confusion later. Scope of Work and Deliverables Clarity around what is being produced helps determine what needs to be inspected. This section lists key deliverables and work packages so quality control activities can be aligned with actual outputs, not assumptions. Inspection and Test Plan (ITP) The inspection and test plan is the core of the quality control plan. It details what inspections and tests will occur, when they happen in the project timeline and what methods will be used to verify quality at each checkpoint. Acceptance Criteria Rather than relying on subjective judgment, teams define measurable criteria for each deliverable. These benchmarks make it clear when work passes or fails, reducing disputes and rework. Roles and Responsibilities Quality doesn’t manage itself. This section assigns responsibility for inspections, approvals and documentation so everyone knows exactly who is accountable at each stage of execution. Inspection Schedule and Checkpoints Timing matters just as much as the inspection itself. By mapping quality checks to the project timeline, teams can catch issues early instead of discovering problems after work is completed. Documentation and Reporting Procedures Every inspection and test needs a record. This section defines how results are documented, stored and reported, creating a traceable history of quality performance throughout the project. Non-Conformance and Defect Management Not everything goes according to plan. When defects are identified, this section explains how issues are logged, investigated, corrected and verified to prevent them from recurring. Tools, Equipment and Testing Methods Reliable results depend on the right tools. This section lists the equipment, instruments and testing methods used to perform inspections and ensure accurate measurements. Compliance and Regulatory Requirements Many industries require strict adherence to regulations. This section ensures the quality control plan aligns with legal requirements, contractual obligations and relevant compliance standards. Continuous Improvement and Feedback Loop Over time, patterns start to emerge. By reviewing inspection data and defect trends, teams can refine processes, improve workflows and strengthen quality performance across future projects. Quality Control Plan Example The best way to understand how a quality control plan truly works is to take a look at a real-life quality control plan example. Picture a construction firm launching a 200-unit apartment complex with structured parking, a gym and a pool, coordinating multiple trades under tight deadlines where inspections, approvals and rework must be tightly controlled to keep progress steady. Quality standards and specifications Element Description Example Applicable standards Codes, regulations and project specifications that define acceptable quality IBC codes, local building regulations, architectural drawings Client requirements Specific expectations defined in contracts and design documents Finish quality, material brands, structural tolerances Scope of work and deliverables Deliverable Description Inspection Focus Foundation Concrete slab and structural base Rebar placement, concrete strength tests Framing Structural framework of the building Alignment, load-bearing compliance MEP systems Mechanical, electrical and plumbing installations System functionality and code compliance Inspection and test plan (ITP) Activity Inspection method Timing Concrete pouring Slump test, cylinder testing Before and after pour Electrical wiring Visual inspection and load testing Before drywall installation Plumbing systems Pressure testing Before system closure Acceptance criteria Item Criteria Pass condition Concrete strength Minimum PSI requirement Meets or exceeds specified PSI Electrical systems Code compliance Passes inspection with no violations Roles and responsibilities Role Responsibility Accountability Project manager Oversees quality processes Ensures compliance with plan QC inspector Performs inspections and tests Reports defects and verifies fixes Inspection schedule and checkpoints Phase Checkpoint Timing Foundation Rebar inspection Before concrete pour Framing Structural alignment After framing completion Quality Control Template Our free quality control template is a customizable Excel tool that helps teams track defects, assign responsibility and manage resolution. It includes fields for issues, descriptions, severity levels, ownership, priority, status tracking, dates and notes to support structured quality control workflows. /wp-content/uploads/2024/02/Quality-control-template-screenshot.png ProjectManager Is an Award-Winning Project Management Software ProjectManager is award-winning project management software designed to support projects from start to finish. It includes powerful features such as Gantt charts, timesheets, workload management charts and real-time dashboards and reports. The platform also offers unlimited cloud-based document storage and AI-driven insights to help teams ensure nothing falls through the cracks. Watch the video below to see how it works. Related Quality Management Content 14 Quality Control Documents (With Free Templates) Total Quality Management (TQM): What Is It, Principles and Systems Project Quality Management: A Quick Guide Construction Quality Control: Essential Tips for Managing Quality The Quality Assurance Process: Roles, Methods & Tools Quality Control in Manufacturing: Types, Tools & Process Cost of Quality (COQ): A Quick Guide How to Make a Quality Management Plan If you need a tool to help you manage projects from start to finish, then signup for our software now at ProjectManager. Our online software can help project managers plan, track and oversee projects as they unfold. Sign up for a free 30-day trial today! The post Quality Control Plan (Example & Free Template) appeared first on ProjectManager. View the full article

In early March, OpenAI unleashed a one-two punch, dropping two major frontier models just days apart. First, we got the new GPT-5.3, an “instant” model optimized for fast, accurate responses. Then, OpenAI released GPT-5.4 two days later. This is a “thinking” model optimized for deep analytical work. I was a beta tester for OpenAI in the early days, and today I spend hundreds of dollars per month using their models through the OpenAI API. I’ve tested both GPT-5.3 and 5.4 extensively since their launch. The new models represent a totally different approach, and hint at a major change in how big AI companies build their tech. The doer OpenAI’s first new model, GPT-5.3, is built for speed. GPT-5.3 generally responds to queries within seconds. In its release notes for the new model, OpenAI says that GPT-5.3 is built to be a snappy, clever writer and a fast communicator. “GPT‑5.3 Instant delivers more accurate answers, richer and better-contextualized results when searching the web, and reduces unnecessary dead ends, caveats, and overly declarative phrasing that can interrupt the flow of conversation,” the company says. The model is different from other instant models OpenAI has released before. Previously, the company’s instant models seemed to rely almost exclusively on their world knowledge to answer questions. In my experience, instead of crawling the Internet for fresh data, those earlier instant models often fell back on what they’d learned during their initial training. This approach does indeed result in lightning-fast responses. But it meant that OpenAI’s previous instant models were, to put it frankly, kind of dumb. If you wanted to quickly know the capital of California (Sacramento) or determine whether the plant you just touched was poison oak (Yes), you could send a photo or pose a query to earlier instant models and get a decent response. If you wanted to know about current events or news, though, the models struggled. Because they relied on pre-trained world knowledge, they were often stuck in the past, and struggled to integrate new information. In the ultimate irony, OpenAI’s early instant models seemed not to know about their own existence. I recall chatting with an instant version of GPT-5.1. The model swore up and down that it didn’t exist, and that GPT-5 was the latest OpenAI model. Why? Because at the time the model was trained, it indeed did not yet exist. Because it was stuck in that prior world, the model was unable to comprehend even this most basic snippet of new information. GPT-5.3 is different. It still relies heavily on its pre-trained world knowledge. But OpenAI says that it has been optimized to quickly browse and make sense of information it finds on the internet, and via other sources. The model “…more effectively balances what it finds online with its own knowledge and reasoning—for example, using its existing understanding to contextualize recent news rather than simply summarizing search results,” according to OpenAI’s release notes. The new model is also notably less timid. Instant models have limited time to think deeply about a user’s query and understand their intent. In the past, that meant they tended to give vague, equivocal answers to queries with even the remote possibility of causing harm. OpenAI gives the example of a person asking about the proper trajectory needed for an arrow to hit an archery target. That’s the kind of simple physics problem somebody might pose if they were practicing for an AP exam–or simply trying to learn archery. Before, instant models often started their responses by scolding the user. They’d warn that firing arrows might be dangerous, for example, and either provide a wussy non-response or write several paragraphs of disclaimers before giving the answer. OpenAI says that GPT-5.3 does a much better job of correctly understanding the context of users’ questions. That lets it quickly understand that a user asking about trajectories isn’t trying to murder someone with a bow and arrow. The model can thus answer the user’s questions without lots of equivocating and hedging. In my testing so far, all these changes do appear to genuinely work well. GPT-5.3 is the first instant model I’ve used that doesn’t feel like a dumbed-down version of OpenAI’s thinking versions. Instead, it feels like a full frontier model that can do nearly everything previous thinking models were able to accomplish–only much faster and with snappier, more engaging prose. The thinker GPT-5.3’s speed and cleverness free up GPT-5.4 to be something entirely different. Where GPT-5.3 is the “doer”–quickly cranking out a decent version of a response to any query–GPT-5.4 is very much the “thinker.” The model explores deeply before responding to queries. In my own testing, it sometimes took as long as five to ten minutes to get back to me on complex requests. Like many scientific or analytical people, the model is extremely detail-oriented and comprehensive in its responses. And like some of those people, it’s also a little dull. Reading its responses feels a bit like perusing the instruction manual for your toaster or slogging through a fascinating but pedantic scientific paper. You learn a lot, but it’s not exactly scintillating stuff. Again, that marks a new approach. Before, OpenAI’s thinking models tried to do everything—craft code, analyze scientific problems at a deep level, and write in a compelling and creative way. Like many human jacks-of-all-trades, this meant that the models did everything decently, but no one thing exceptionally well. Because GPT-5.4 seems to abandon the idea of writing creatively or responding in a snappy and pleasant way, it gains the space to excel at what it was built to do— crunch numbers, build software, and analyze data. The bichon test To compare the models, I gave both a simple prompt: “Choose a specific topic related to Bichon Frises and then write an article about it.” GPT-5.3 responded instantly with an article titled “Why Bichon Frises Are One of the Best Dogs for Apartment Living.” Structured as a listicle, the article had a well-craft introduction that cleanly transitioned into the main topic. It included helpful, well-written notes about the breed’s size (“A Bichon can curl up beside you on the couch, nap in a small bed near your desk, and move around a one-bedroom apartment without constantly feeling underfoot.”), temperament, and more. In contrast, GPT-5.4 chose to expound at length about the problem of Bichon Frise tear stains. Its article was filled with unbearably dry nuggets like this little doozy of a paragraph: “Tear stains are primarily caused by molecules called porphyrins. These iron-containing pigments are naturally present in tears and saliva.When tears sit on a dog’s fur for extended periods, the porphyrins oxidize when exposed to air. That oxidation produces the rusty red or brown color you see beneath the eyes.” GPT-5.4 feels a bit like the guy you’d consult if you needed help doing your taxes or wanted to better understand particle physics. But you really wouldn’t want to get stuck next to him at a party. The model is fantastic at complex analytical tasks, but appears deliberately built to eschew the creative, communicative side of work. A better approach? At first, I found this bifurcated approach challenging. Before, I could simply default to using the most up-to-date thinking model available from OpenAI. These models were clearly the “premium” version of OpenAI’s lineup. The instant models felt built for people who couldn’t be bothered to shell out $20 for ChatGPT access. Under OpenAI’s new approach, though, that divide isn’t so clear. I find that when I need help researching something deeply or doing anything involving numbers and data, I turn to GPT-5.4. Breaking down the stats from my YouTube channel, comparing the relative merits of Starlink and Comcast Business—those are the kinds of things that I use 5.4 to do. When I want to converse with a chatbot for a quick (if somewhat cursory) answer, I find myself using the 5.3 model more and more. Recent personal queries I’ve posted to GPT-5.3 include “Why do we yawn?” (to cool the brain), “What’s this weird coin I found in my closet?” (1936 British One-Penny), and “How do I clean fabric webbing?” (With vinegar). I’ve also used the model at work for simple Python questions, background research, and easy but tedious tasks like calculating the square footage of a room based on a series of measurements. One thing I’ve realized in using GPT-5.3 is that speed matters more than I thought. Previously, OpenAI’s instant models were too underpowered to be of much use for anything but the simplest of queries. Power users like me would always turn to the thinking models, which took as long as 5 minutes to render a response. Now that GPT-5.3 is good enough to provide genuinely useful responses, I’m seeing how nice it is to get data back instantly. A few minutes of waiting for responses from a chatbot, sprinkled throughout a workday, doesn’t feel like much. But those minutes add up. I find I can work faster and better now that I can use GPT-5.3 for more things, and get answers right away. Based on what I’ve seen so far, I expect OpenAI will continue down this new, split model-building path. GPT-5.3 is snappy, and in many ways works better than GPT-5.4. But it’s also probably much cheaper to run. Because the model presumably relies more on its pre-trained world knowledge, it likely burns through far fewer tokens to perform its work than a thinking model. If more power users like me find they can genuinely rely on an instant model for good responses, that will reduce the number of people who turn to the more expensive thinking models for everyday queries. That should allow OpenAI to reach profitability faster by cutting its costs while still collecting the same $20 (or more) per month from users like me. Longer term, if this approach proves fruitful, it’s possible that we’ll see a shift away from the use of thinking models entirely. For a while, the extra work that these models did yield a notably better response. With GPT-5.3, that no longer seems to be a given. If OpenAI can continue to improve its instant models, we may see a swing back toward quick-and-good-enough LLMs, and away from the slow, meticulous ones that are in vogue today. Those slower, more powerful models might become the purview of coders and data analysts, with everyone else relying on increasingly powerful instant ones. That would speed up the experience of interacting with LLMs, and help AI companies scale by dramatically reducing their costs. We’re not there yet. But OpenAI’s new pair of models is a big shift in the industry, and a tantalizing step in that new direction. View the full article

If you’re considering entrepreneurship, small franchises offer viable options with lower startup costs. By exploring opportunities like Dream Vacations and Image One, you can tap into growing industries such as travel and cleaning. These franchises provide crucial training and ongoing support, making it easier to succeed. With various models available, you can find one that suits your interests and lifestyle. Let’s examine some of these franchises and what they can offer you. Key Takeaways Consider home-based franchises like Dream Vacations or Cruise Planners for low startup costs and flexible schedules. Explore Complete Weddings + Events for a low-cost entry into the lucrative wedding and event planning market. Help-U-Sell Real Estate offers a flat fee model for real estate services with over 40 years of industry experience. Image One provides a cleaning franchise with potential for high revenue through recurring contracts and strong training support. Rhea Lanas focuses on children’s consignment events, emphasizing sustainability and community engagement in a growing resale market. Dream Vacations If you’re looking to enter the travel industry, Dream Vacations offers a compelling home-based franchise opportunity that you can start today. With a startup cost of just $9,800, it ranks among the cheap franchises and low-cost franchise opportunities available. This small franchise opportunity boasts average annual sales of $336,971, indicating strong profit potential. As a franchisee, you’ll receive thorough training and support, helping you effectively plan and sell vacation packages to clients. The low royalty fee structure of 1.5% to 3% of annual commissionable sales allows you to keep more of your earnings. Plus, the flexibility of this model enables you to work remotely, aligning with the growing demand for travel planning services in today’s market. Complete Weddings + Events For those interested in the event planning industry, Complete Weddings + Events presents an appealing franchise opportunity that you can start today. With a start-up cost of around $10,000, it’s one of the cheapest franchises to start in Texas. This franchise specializes in thorough services for weddings and events, ensuring you attract a diverse clientele. Here are some key aspects to reflect on: Proven business model with strong brand recognition Services include photography, videography, DJ, and photo booths Average annual sales can reach approximately $336,971 Ongoing training and marketing support through an 8% royalty fee Access to a growing market in the event sector Investing in Complete Weddings + Events could be a lucrative venture for aspiring entrepreneurs. Showhomes Home Staging As the real estate market continues to evolve, Showhomes Home Staging offers a compelling franchise opportunity for those looking to enter this dynamic industry. With a low startup cost of approximately $10,000, it’s accessible for aspiring entrepreneurs. Franchisees primarily focus on staging homes for sale, which can lead to impressive average annual sales of around $377,258. This franchise model capitalizes on the increasing demand for home staging services, enhancing property appeal and boosting sales prices. Showhomes provides thorough training and ongoing support, ensuring you have the resources needed to thrive. Furthermore, the flexible business model accommodates both part-time and full-time commitments, making it ideal for individuals balancing other responsibilities as they pursue a rewarding entrepreneurial venture. TSS Photography TSS Photography presents an appealing franchise opportunity for those enthusiastic to enter the photography industry, particularly with its home-based model that requires a startup cost of around $10,500. This opportunity is ideal for aspiring entrepreneurs looking for flexibility and significant revenue potential. Thorough training covering photography techniques, business operations, and marketing. Average annual sales for franchisees of about $148,222. Home-based operation allows for flexible scheduling. Ongoing support and resources to help grow your business. High-quality photography services to attract diverse clients. Cruise Planners Cruise Planners offers an affordable entry into the travel industry with a startup cost of just $6,995. You’ll find the flexibility of a home-based business appealing, allowing you to manage your schedule as well as receiving thorough training and support. This franchise not just equips you with marketing resources but additionally helps you access exclusive travel deals, setting you up for success in a lucrative market. Affordable Startup Costs Starting a franchise with Cruise Planners is an attractive option for many aspiring business owners due to its relatively low startup cost of $10,995. This affordable investment allows you to tap into a proven business model with extensive support. Here are some key benefits: Home-based business model, cultivating work-life balance Access to a thorough marketing program for customer acquisition Extensive training and support to guarantee your success Strong revenue potential, with average annual sales around $273,978 Flexibility to manage operations from anywhere With these advantages, you can enter the travel industry without the hefty financial burden typical of many franchises. Cruise Planners provides the tools and resources necessary to help you thrive in a competitive market. Flexible Work Environment A flexible work environment is one of the standout features of the Cruise Planners franchise opportunity. You can work from home or on the go, allowing you to set your own schedule. This flexibility supports a strong work-life balance, enabling you to prioritize personal commitments as you grow your travel planning business. With an affordable initial investment of $6,995, it’s an accessible option for aspiring entrepreneurs. The franchise model not only offers you independence but also the potential for profitability, as franchisees average annual sales of $273,978. Comprehensive Training Support In the competitive world of travel planning, having strong training support can make all the difference in your success. Cruise Planners offers extensive training programs that equip you to run a travel agency effectively from day one. Their thorough initial training includes both in-person and online components, letting you learn at your own pace. With ongoing support, you’ll have access to: Webinars and sales training sessions A dedicated support team for professional development A robust marketing platform for promoting your services Technology tools to manage client relationships Mentorship opportunities with experienced franchisees This combination of resources guarantees you’re well-prepared to thrive in the travel industry. Motto Mortgage If you’re looking for a franchise with low startup costs, Motto Mortgage might be the perfect fit for you. With an initial investment of around $12,500, you can operate from a home-based environment, greatly reducing overhead expenses. This model not just allows for flexibility but additionally positions you to capitalize on the increasing demand for mortgage services in a strong real estate market. Low Start-Up Costs For those looking to enter the franchise world with limited capital, Motto Mortgage presents an appealing opportunity due to its low start-up costs. With a minimum cash investment of just $12,500, it’s accessible for aspiring franchise owners. The unique business model streamlines expenses, making it easier for you to manage overhead. Key features include: Thorough training programs for vital skills. Monthly royalty fee of $4,500 after the first year, ensuring predictable costs. Established brand recognition that boosts credibility. Flexibility in operations, allowing for a better work-life balance. A supportive network of franchisees and resources. These factors combined make Motto Mortgage a smart choice for those enthusiastic to start a franchise with manageable financial commitments. Home-Based Operations Operating a Motto Mortgage franchise from home offers significant advantages, especially for those seeking flexibility and a manageable work-life balance. With a startup cost of just $12,500, this opportunity is accessible for aspiring entrepreneurs. You’ll benefit from a proven business model in the growing mortgage industry, alongside thorough training and support from the franchisor. Moreover, Motto Mortgage promotes collaboration among mortgage professionals, allowing you to leverage a national network for business growth. You’ll maintain operational flexibility, balancing your business with other commitments. Plus, the low ongoing royalty fees of $4,500 per month after the first year guarantee a manageable financial commitment. Feature Details Startup Cost $12,500 Ongoing Royalty Fees $4,500/month Training and Support Thorough provided Business Model Proven and collaborative Flexibility Work-life balance enabled Help-U-Sell Real Estate Help-U-Sell Real Estate presents an appealing franchise opportunity for those looking to enter the real estate market without a hefty investment. With a low startup cost of $15,000, you can begin your expedition as a franchisee. This model allows agents to charge a flat fee for services, attracting cost-conscious clients. You’ll additionally benefit from a strong brand with over 40 years in the industry, ensuring you have a reliable business framework. Flexible operational structure—work from home or an office Ongoing training and marketing support 6% royalty fee on gross commissions Proven business model for success Strong brand recognition in real estate Consider this franchise if you seek affordability and support in your real estate career. Image One Image One presents a low-cost franchise opportunity in the janitorial cleaning sector, with a startup cost of just $15,000. This model not merely allows you to tap into a lucrative market with potential revenues reaching $1 million but additionally provides ongoing support and training to guarantee your success. With protected territories and a recurring revenue model, you can build a stable income stream as you enjoy the benefits of an established brand. Startup Cost Overview When considering a franchise opportunity, the startup costs play a vital role in your decision-making process. Image One presents a low startup cost of $15,000, making it an accessible option for many aspiring entrepreneurs. Their franchise focuses on janitorial cleaning services, which have consistent demand, ensuring a solid foundation for your business. By utilizing a proven business model, Image One minimizes the risks typically associated with starting a new venture. Furthermore, they offer extensive training and support, enhancing your chances for success in the competitive cleaning industry. Key costs include: Initial franchise fee Equipment and supplies Marketing expenses Insurance premiums Ongoing royalty fees Understanding these costs is critical for your planning. Revenue Potential Insights For those exploring franchise opportunities in the cleaning industry, the revenue potential with Image One is particularly remarkable. With a start-up cost of just $15,000, you can enter a growing market where franchisees often achieve revenue up to $1 million within their first year. This impressive potential arises from the recurring revenue model, which guarantees steady income through regular cleaning contracts. Image One additionally provides extensive training and ongoing support, equipping you with the skills needed to optimize your business operations. As demand for professional cleaning services continues to rise in both residential and commercial sectors, your revenue prospects as an Image One franchisee can be greatly improved, making it a viable option for aspiring entrepreneurs. Rhea Lanas Rhea Lanas offers a unique franchise opportunity that focuses on organizing consignment events for children’s clothing and gear, making it an appealing option for aspiring entrepreneurs. With startup costs around $15,000, it’s accessible for many. You’ll leverage a proven business model that thrives on community engagement, ensuring successful sales events. Here are some key benefits of joining Rhea Lanas: Access to a lucrative resale market for children’s items Extensive training and ongoing support for franchisees Opportunities to engage with local families and communities Emphasis on sustainability, promoting reuse and recycling Flexibility in scheduling events that fit your lifestyle This franchise not only provides a business opportunity but additionally supports eco-conscious practices. United Country Real Estate United Country Real Estate presents an attractive franchise option for those interested in entering the real estate market, especially in rural and small-town areas. With a startup cost of just $15,000, it’s accessible for aspiring franchise owners. This franchise focuses on underserved markets across the United States, leveraging a unique business model that highlights rural and small-town properties. You’ll benefit from a thorough training program designed to equip you with vital skills for success in real estate. Furthermore, United Country boasts over 90 years of experience and a network of 500 offices nationwide, enhancing your visibility. Frequently Asked Questions Which Franchise Is Easiest to Start? The easiest franchise to start often depends on your financial situation and business interests. SiteSwan Website Builder requires just $199, making it incredibly accessible. On the other hand, if you prefer a travel-focused business, Dream Vacations or Cruise Planners can be started with $9,800 and $10,995, respectively. For food service enthusiasts, Erik’s DeliCafe is manageable with a $50,000 investment. Consider your goals and budget to determine which option suits you best. What Is the 7 Day Rule for Franchise? The 7 Day Rule for franchises requires franchisors to give you a Franchise Disclosure Document (FDD) at least seven days before you sign any agreements or make payments. This document contains important information about fees, obligations, and your legal rights as a franchisee. Why Is It Only $10,000 to Open a Chick-Fil-A? Chick-Fil-A’s franchise fee is only $10,000 because of its unique business model. Although this low fee is appealing, you’ll need to invest significant time and effort, as the company seeks dedicated operators. Chick-Fil-A retains ownership of the buildings and equipment, easing financial burdens. Even though franchisees pay a 15% royalty fee on sales, this includes extensive support and training, often resulting in higher sales per unit, making the investment potentially lucrative. Which Small Franchise Is Best? Choosing the best small franchise depends on your interests and financial goals. For instance, if you’re passionate about travel, consider Cruise Planners or Dream Vacations; both offer low startup costs and substantial annual sales. On the other hand, if you’re inclined toward home staging, Showhomes might be ideal. For a cleaning service, Image One presents a strong revenue potential. Evaluate each option based on your expertise, market demand, and personal preferences before making a decision. Conclusion In summary, exploring small franchise opportunities can provide a viable path to entrepreneurship with manageable startup costs. Options like Dream Vacations and Help-U-Sell Real Estate allow you to enter diverse markets, from travel to real estate. With franchises such as Showhomes Home Staging and Image One, you can cater to growing industries like home staging and cleaning. By leveraging the training and support offered, you can build a successful business model customized to your interests and strengths. Image via Google Gemini This article, "10 Small Franchise Opportunities You Can Start Today" was first published on Small Business Trends View the full article

If you’re considering entrepreneurship, small franchises offer viable options with lower startup costs. By exploring opportunities like Dream Vacations and Image One, you can tap into growing industries such as travel and cleaning. These franchises provide crucial training and ongoing support, making it easier to succeed. With various models available, you can find one that suits your interests and lifestyle. Let’s examine some of these franchises and what they can offer you. Key Takeaways Consider home-based franchises like Dream Vacations or Cruise Planners for low startup costs and flexible schedules. Explore Complete Weddings + Events for a low-cost entry into the lucrative wedding and event planning market. Help-U-Sell Real Estate offers a flat fee model for real estate services with over 40 years of industry experience. Image One provides a cleaning franchise with potential for high revenue through recurring contracts and strong training support. Rhea Lanas focuses on children’s consignment events, emphasizing sustainability and community engagement in a growing resale market. Dream Vacations If you’re looking to enter the travel industry, Dream Vacations offers a compelling home-based franchise opportunity that you can start today. With a startup cost of just $9,800, it ranks among the cheap franchises and low-cost franchise opportunities available. This small franchise opportunity boasts average annual sales of $336,971, indicating strong profit potential. As a franchisee, you’ll receive thorough training and support, helping you effectively plan and sell vacation packages to clients. The low royalty fee structure of 1.5% to 3% of annual commissionable sales allows you to keep more of your earnings. Plus, the flexibility of this model enables you to work remotely, aligning with the growing demand for travel planning services in today’s market. Complete Weddings + Events For those interested in the event planning industry, Complete Weddings + Events presents an appealing franchise opportunity that you can start today. With a start-up cost of around $10,000, it’s one of the cheapest franchises to start in Texas. This franchise specializes in thorough services for weddings and events, ensuring you attract a diverse clientele. Here are some key aspects to reflect on: Proven business model with strong brand recognition Services include photography, videography, DJ, and photo booths Average annual sales can reach approximately $336,971 Ongoing training and marketing support through an 8% royalty fee Access to a growing market in the event sector Investing in Complete Weddings + Events could be a lucrative venture for aspiring entrepreneurs. Showhomes Home Staging As the real estate market continues to evolve, Showhomes Home Staging offers a compelling franchise opportunity for those looking to enter this dynamic industry. With a low startup cost of approximately $10,000, it’s accessible for aspiring entrepreneurs. Franchisees primarily focus on staging homes for sale, which can lead to impressive average annual sales of around $377,258. This franchise model capitalizes on the increasing demand for home staging services, enhancing property appeal and boosting sales prices. Showhomes provides thorough training and ongoing support, ensuring you have the resources needed to thrive. Furthermore, the flexible business model accommodates both part-time and full-time commitments, making it ideal for individuals balancing other responsibilities as they pursue a rewarding entrepreneurial venture. TSS Photography TSS Photography presents an appealing franchise opportunity for those enthusiastic to enter the photography industry, particularly with its home-based model that requires a startup cost of around $10,500. This opportunity is ideal for aspiring entrepreneurs looking for flexibility and significant revenue potential. Thorough training covering photography techniques, business operations, and marketing. Average annual sales for franchisees of about $148,222. Home-based operation allows for flexible scheduling. Ongoing support and resources to help grow your business. High-quality photography services to attract diverse clients. Cruise Planners Cruise Planners offers an affordable entry into the travel industry with a startup cost of just $6,995. You’ll find the flexibility of a home-based business appealing, allowing you to manage your schedule as well as receiving thorough training and support. This franchise not just equips you with marketing resources but additionally helps you access exclusive travel deals, setting you up for success in a lucrative market. Affordable Startup Costs Starting a franchise with Cruise Planners is an attractive option for many aspiring business owners due to its relatively low startup cost of $10,995. This affordable investment allows you to tap into a proven business model with extensive support. Here are some key benefits: Home-based business model, cultivating work-life balance Access to a thorough marketing program for customer acquisition Extensive training and support to guarantee your success Strong revenue potential, with average annual sales around $273,978 Flexibility to manage operations from anywhere With these advantages, you can enter the travel industry without the hefty financial burden typical of many franchises. Cruise Planners provides the tools and resources necessary to help you thrive in a competitive market. Flexible Work Environment A flexible work environment is one of the standout features of the Cruise Planners franchise opportunity. You can work from home or on the go, allowing you to set your own schedule. This flexibility supports a strong work-life balance, enabling you to prioritize personal commitments as you grow your travel planning business. With an affordable initial investment of $6,995, it’s an accessible option for aspiring entrepreneurs. The franchise model not only offers you independence but also the potential for profitability, as franchisees average annual sales of $273,978. Comprehensive Training Support In the competitive world of travel planning, having strong training support can make all the difference in your success. Cruise Planners offers extensive training programs that equip you to run a travel agency effectively from day one. Their thorough initial training includes both in-person and online components, letting you learn at your own pace. With ongoing support, you’ll have access to: Webinars and sales training sessions A dedicated support team for professional development A robust marketing platform for promoting your services Technology tools to manage client relationships Mentorship opportunities with experienced franchisees This combination of resources guarantees you’re well-prepared to thrive in the travel industry. Motto Mortgage If you’re looking for a franchise with low startup costs, Motto Mortgage might be the perfect fit for you. With an initial investment of around $12,500, you can operate from a home-based environment, greatly reducing overhead expenses. This model not just allows for flexibility but additionally positions you to capitalize on the increasing demand for mortgage services in a strong real estate market. Low Start-Up Costs For those looking to enter the franchise world with limited capital, Motto Mortgage presents an appealing opportunity due to its low start-up costs. With a minimum cash investment of just $12,500, it’s accessible for aspiring franchise owners. The unique business model streamlines expenses, making it easier for you to manage overhead. Key features include: Thorough training programs for vital skills. Monthly royalty fee of $4,500 after the first year, ensuring predictable costs. Established brand recognition that boosts credibility. Flexibility in operations, allowing for a better work-life balance. A supportive network of franchisees and resources. These factors combined make Motto Mortgage a smart choice for those enthusiastic to start a franchise with manageable financial commitments. Home-Based Operations Operating a Motto Mortgage franchise from home offers significant advantages, especially for those seeking flexibility and a manageable work-life balance. With a startup cost of just $12,500, this opportunity is accessible for aspiring entrepreneurs. You’ll benefit from a proven business model in the growing mortgage industry, alongside thorough training and support from the franchisor. Moreover, Motto Mortgage promotes collaboration among mortgage professionals, allowing you to leverage a national network for business growth. You’ll maintain operational flexibility, balancing your business with other commitments. Plus, the low ongoing royalty fees of $4,500 per month after the first year guarantee a manageable financial commitment. Feature Details Startup Cost $12,500 Ongoing Royalty Fees $4,500/month Training and Support Thorough provided Business Model Proven and collaborative Flexibility Work-life balance enabled Help-U-Sell Real Estate Help-U-Sell Real Estate presents an appealing franchise opportunity for those looking to enter the real estate market without a hefty investment. With a low startup cost of $15,000, you can begin your expedition as a franchisee. This model allows agents to charge a flat fee for services, attracting cost-conscious clients. You’ll additionally benefit from a strong brand with over 40 years in the industry, ensuring you have a reliable business framework. Flexible operational structure—work from home or an office Ongoing training and marketing support 6% royalty fee on gross commissions Proven business model for success Strong brand recognition in real estate Consider this franchise if you seek affordability and support in your real estate career. Image One Image One presents a low-cost franchise opportunity in the janitorial cleaning sector, with a startup cost of just $15,000. This model not merely allows you to tap into a lucrative market with potential revenues reaching $1 million but additionally provides ongoing support and training to guarantee your success. With protected territories and a recurring revenue model, you can build a stable income stream as you enjoy the benefits of an established brand. Startup Cost Overview When considering a franchise opportunity, the startup costs play a vital role in your decision-making process. Image One presents a low startup cost of $15,000, making it an accessible option for many aspiring entrepreneurs. Their franchise focuses on janitorial cleaning services, which have consistent demand, ensuring a solid foundation for your business. By utilizing a proven business model, Image One minimizes the risks typically associated with starting a new venture. Furthermore, they offer extensive training and support, enhancing your chances for success in the competitive cleaning industry. Key costs include: Initial franchise fee Equipment and supplies Marketing expenses Insurance premiums Ongoing royalty fees Understanding these costs is critical for your planning. Revenue Potential Insights For those exploring franchise opportunities in the cleaning industry, the revenue potential with Image One is particularly remarkable. With a start-up cost of just $15,000, you can enter a growing market where franchisees often achieve revenue up to $1 million within their first year. This impressive potential arises from the recurring revenue model, which guarantees steady income through regular cleaning contracts. Image One additionally provides extensive training and ongoing support, equipping you with the skills needed to optimize your business operations. As demand for professional cleaning services continues to rise in both residential and commercial sectors, your revenue prospects as an Image One franchisee can be greatly improved, making it a viable option for aspiring entrepreneurs. Rhea Lanas Rhea Lanas offers a unique franchise opportunity that focuses on organizing consignment events for children’s clothing and gear, making it an appealing option for aspiring entrepreneurs. With startup costs around $15,000, it’s accessible for many. You’ll leverage a proven business model that thrives on community engagement, ensuring successful sales events. Here are some key benefits of joining Rhea Lanas: Access to a lucrative resale market for children’s items Extensive training and ongoing support for franchisees Opportunities to engage with local families and communities Emphasis on sustainability, promoting reuse and recycling Flexibility in scheduling events that fit your lifestyle This franchise not only provides a business opportunity but additionally supports eco-conscious practices. United Country Real Estate United Country Real Estate presents an attractive franchise option for those interested in entering the real estate market, especially in rural and small-town areas. With a startup cost of just $15,000, it’s accessible for aspiring franchise owners. This franchise focuses on underserved markets across the United States, leveraging a unique business model that highlights rural and small-town properties. You’ll benefit from a thorough training program designed to equip you with vital skills for success in real estate. Furthermore, United Country boasts over 90 years of experience and a network of 500 offices nationwide, enhancing your visibility. Frequently Asked Questions Which Franchise Is Easiest to Start? The easiest franchise to start often depends on your financial situation and business interests. SiteSwan Website Builder requires just $199, making it incredibly accessible. On the other hand, if you prefer a travel-focused business, Dream Vacations or Cruise Planners can be started with $9,800 and $10,995, respectively. For food service enthusiasts, Erik’s DeliCafe is manageable with a $50,000 investment. Consider your goals and budget to determine which option suits you best. What Is the 7 Day Rule for Franchise? The 7 Day Rule for franchises requires franchisors to give you a Franchise Disclosure Document (FDD) at least seven days before you sign any agreements or make payments. This document contains important information about fees, obligations, and your legal rights as a franchisee. Why Is It Only $10,000 to Open a Chick-Fil-A? Chick-Fil-A’s franchise fee is only $10,000 because of its unique business model. Although this low fee is appealing, you’ll need to invest significant time and effort, as the company seeks dedicated operators. Chick-Fil-A retains ownership of the buildings and equipment, easing financial burdens. Even though franchisees pay a 15% royalty fee on sales, this includes extensive support and training, often resulting in higher sales per unit, making the investment potentially lucrative. Which Small Franchise Is Best? Choosing the best small franchise depends on your interests and financial goals. For instance, if you’re passionate about travel, consider Cruise Planners or Dream Vacations; both offer low startup costs and substantial annual sales. On the other hand, if you’re inclined toward home staging, Showhomes might be ideal. For a cleaning service, Image One presents a strong revenue potential. Evaluate each option based on your expertise, market demand, and personal preferences before making a decision. Conclusion In summary, exploring small franchise opportunities can provide a viable path to entrepreneurship with manageable startup costs. Options like Dream Vacations and Help-U-Sell Real Estate allow you to enter diverse markets, from travel to real estate. With franchises such as Showhomes Home Staging and Image One, you can cater to growing industries like home staging and cleaning. By leveraging the training and support offered, you can build a successful business model customized to your interests and strengths. Image via Google Gemini This article, "10 Small Franchise Opportunities You Can Start Today" was first published on Small Business Trends View the full article

Security updates aren't as flashy or fun as feature updates, but they're just as important—if not more—to install. They include patches for vulnerabilities in your device's OS that could leave you open to hacking. By patching these weak points as quickly as possible, you reduce the risk to your device and its data. Traditionally, Apple has largely kept its security updates tied to its general software releases, both big and small. Rather than release iOS 26 and a subsequent security patch, Apple just couples the two. Even if you don't (or can't) update to the latest iOS, Apple will add the most important patches to new updates of older iOS versions (e.g. iOS 18.7.6, or iOS 15.8.7). But the company has toyed with individual security releases in recent years, especially for particularly timely patches. They started with Rapid Security Responses, which were updates that were specifically labeled as such, like iOS Security Response 16.4.1 (a). I thought this was a great idea, especially as other platforms, like Android and Windows, already do this for their users. While it seemed like a good idea, Apple hasn't released one of these in a while. Instead, the company has largely gone back to releasing security updates alongside typical software updates, whether or not it had any new features to include in said update. Now, it seems, the company is trying out a new type of security update—one that's rather hidden, at that. Apple's Background Security Improvements are a new type of security updateInitially announced with iOS 26.1, iPadOS 26.1, and macOS 26.1, Apple is now rolling out "Background Security Improvements." According to the company, these are "lightweight security releases" for things like Safari, WebKit (the framework Safari is built on), and other system libraries. Like the Rapid Security Responses, the idea is to issue smaller patches in between software updates. That way, Apple doesn't have to release iOS 26.3.2 in order to patch Safari; you can stay on iOS 26.3.1, and still update Safari with the proper patch. In fact, this feature just had its first update this week. On Tuesday, Apple pushed version 26.3.1 (a) for iOS, iPad, and macOS. (There's also a macOS 26.3.2 (a) for MacBook Neos running macOS 26.3.2). This update patches a WebKit flaw that let bad actors bypass Same Origin Policy if you clicked on malicious web content. Same Origin Policy typically prevents malicious sites from accessing other sites you might have open. For example, if you open a malicious site, Same Origin Policy should stop it from accessing your Gmail inbox open in another tab. But this flaw gave bad actors a way around that. This update is available to all Apple devices running the latest versions of Apple's OSes, but you won't find it if you check your Software Update settings. That's not because it's still rolling out; rather, you need to make sure Background Security Improvements is enabled in order to open up these new security updates. How to enable Background Security ImprovementsOn your Apple device, open Settings (System Settings on macOS), then go to Privacy & Security. Here, scroll down to the bottom of the page, then choose Background Security Improvements. Here, ensure that "Automatically Install" is turned on. If so, the update should install on its own, but there's no telling when it'll do so. You can also install the update manually. Below this toggle, you'll see the latest Background Security Improvements update. Choose "Install," enter your passcode or password, and your device will begin downloading the update. When it's ready, you can hit "Restart & Install." View the full article