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Training is a structured process aimed at enhancing your skills and knowledge for improved job performance. It involves various methods, such as on-the-job and off-the-job training, that help fill skill gaps and align with industry standards. Comprehending the significance of training can lead to increased productivity and lower turnover rates. As you explore this topic further, you’ll discover the different types of training and their impact on both individuals and organizations. Key Takeaways Training is a structured process aimed at equipping individuals with specialized skills or knowledge for improved job performance. It can take various forms, including on-the-job training (OJT) and off-the-job training, to enhance practical and theoretical knowledge. Effective training addresses employee unpreparedness, leading to increased productivity and job satisfaction. Continuous training is essential for maintaining compliance with industry standards and reducing turnover costs. Training focuses on immediate skill acquisition, while development targets long-term career growth and adaptability. Definition of Training Training is a fundamental process that equips individuals with specialized skills or knowledge, aimed at improving work performance and ensuring adherence to industry standards. The training meaning encompasses a structured method created to improve efficiency and compliance within a specific job or activity. It typically involves a planned, goal-oriented approach that targets specific objectives relevant to your role. Various forms of training exist, including on-the-job and off-the-job training, in addition to specialized programs customized to meet organizational needs. Effective training is significant, especially for new employees, as it provides them with the important skills required for their jobs. This investment not only boosts overall employee performance but additionally strengthens the organizational culture. Conversely, insufficient training can lead to quality issues and decreased motivation among employees, underscoring the importance of thorough training programs. Types of Training In terms of types of training, you’ll encounter both on-the-job training (OJT) and specialized training areas. OJT occurs right in the workplace, allowing you to gain practical skills during your job, whereas specialized training focuses on developing specific competencies necessary for certain roles. Comprehending these types can help you choose the most effective training methods to improve your skills and boost your career. On-the-Job Training On-the-job training (OJT) serves as a pivotal component of workforce development, enabling employees to acquire skills directly within their job environments. This hands-on approach allows you to learn using real tools and equipment, making it especially effective for vocational roles. Under the guidance of professional trainers, you can apply what you learn immediately in the workplace. OJT can likewise include web-based technology for improved accessibility and efficiency. Moreover, simulation-based training offers a safe environment to practice skills before real-world application. OJT plans typically outline subjects, training hours, completion dates, and evaluation methods. OJT Features Benefits Hands-on Learning Practical skill application Professional Guidance Immediate feedback and support Structured Plans Measurable outcomes Specialized Training Areas Specialized training areas play a crucial role in developing specific skill sets customized to various professions and industries. For instance, robotics training focuses on programming robots to adapt and improve through behavioral mimicry, enhancing human-robot interactions. Relaxation training offers potential health benefits, particularly for the elderly, by reducing reliance on medications. In fields like underwater exploration or firefighting, occupational training combines practical and theoretical components to guarantee safety and competence. Continuous physical fitness training is essential in the military, emphasizing survival skills and peak performance customized to operational needs. Finally, simulation-based training allows you to practice skills in controlled environments, effectively preparing you for real-world applications in various job roles, making training and learning more effective and relevant. The Importance of Training Training plays a vital role in improving employee performance, as many workers often feel unprepared for their roles due to insufficient training. With 74% of employees expressing concerns about their training, effective programs are significant. Organizations investing in training report a 24% increase in productivity, demonstrating a clear link between training and success. Furthermore, continuous training maintains compliance with industry standards, especially in high-risk jobs. Here’s a summary of the importance of training: Benefits of Training Impact on Employees Organizational Impact Improves performance Improves job satisfaction Reduces turnover costs Increases engagement Boosts confidence Saves on recruitment costs Reduces supervision needs Frees up time for personal development Allows focus on strategic initiatives The 4 Stages of Training When you think about training, it’s crucial to recognize the four stages that shape its effectiveness. First, preparation and planning set the groundwork, followed by implementation and execution, where the training is put into action. Finally, evaluation and adjustment guarantee that the training meets its objectives and continues to improve over time. Preparation and Planning Effective preparation and planning are essential for any successful training program, as they lay the foundation for employee development. Each stage of training serves a distinct purpose, ensuring employees are equipped with the necessary skills and knowledge. Stage Purpose Pre-employment Assess competencies relevant to the job Induction Introduce new hires to the organization and culture In-service Update skills in line with changing job requirements Career Development encourage growth and prepare for promotions Implementation and Execution To effectively improve employee skills and knowledge, organizations implement a structured approach that unfolds in four key stages: pre-employment, induction, in-service, and career development training. Pre-employment training prepares candidates by equipping them with fundamental skills before they even start. Induction training, often conducted within the first few weeks, introduces new hires to the organization’s culture, team members, and policies. In-service training occurs throughout an employee’s career, addressing skill updates required by changes in technology or job roles. Finally, career development training focuses on helping employees expand their skill sets, preparing them for future opportunities and nurturing a culture of continuous improvement. Each stage plays a crucial role in enhancing employee growth and overall organizational effectiveness. Evaluation and Adjustment Evaluation and adjustment are essential components of the training process, as they guarantee that each stage effectively meets the needs of both employees and the organization. In the pre-employment stage, evaluating candidates guarantees they possess the required skills and education, leading to better job fit. During induction training, adjustment based on feedback shapes new employees’ experiences, nurturing integration into the company culture. For in-service training, ongoing evaluation helps update employees on new processes or technologies, keeping their skills relevant. Finally, career development training should be regularly assessed and adjusted to align with employees’ aspirations and organizational goals. On-the-Job vs. Off-the-Job Training When considering training options, it’s important to grasp the differences between on-the-job training (OJT) and off-the-job training, as each offers unique advantages and settings. Here’s a quick breakdown of both: 1. On-the-Job Training (OJT): This occurs in real work environments, allowing you to gain hands-on experience with actual tools and equipment, which improves your practical skills and job readiness. Learning directly from experienced professionals in real-time can lead to immediate skill application. 2. Off-the-Job Training: This takes place outside the normal work setting, using methods like lectures, seminars, and role-playing. This approach helps you focus on theoretical comprehension without the distractions of daily job responsibilities. 3. Structured Goals: Both training methods can be designed with specific goals and evaluation metrics, ensuring they align with organizational objectives and contribute to effective employee development. Benefits of Employee Training Investing in employee training yields considerable benefits that can transform an organization’s performance and culture. When you consider what’s training, it’s important to note how it improves overall productivity; many organizations report up to a 24% increase after implementing effective training programs. Furthermore, companies that invest in training are 34% more likely to improve employee retention rates, which helps reduce turnover costs markedly. Skilled workers likewise contribute to financial growth, with training initiatives linked to a staggering 218% increase in revenue per employee. In addition, organizations with thorough training programs enjoy 37% higher employee engagement, creating a more committed and motivated workforce. With research indicating that 70% of employees feel they lack the necessary skills to perform effectively, targeted training solutions become key for both individual and organizational success. In the end, the benefits of employee training are undeniable and play an important role in sustaining a competitive edge. The Relationship Between Training and Development Grasping the relationship between training and development is vital for nurturing a productive workforce. As training focuses on immediate skill acquisition for current job roles, development aims for long-term career growth. Comprehending the training and education difference is significant here. Here’s how training and development interconnect: Immediate Skills vs. Future Growth: Training addresses current skill gaps, whereas development prepares you for future responsibilities. Structured vs. Flexible: Training is often formal and time-bound, while development offers ongoing opportunities, such as mentorship and leadership programs. Organizational Benefits: Effective training improves productivity and morale, whereas development encourages adaptability, significant in a swiftly changing work environment. Frequently Asked Questions What Is the Best Definition of Training? The best definition of training involves a systematic process aimed at imparting specific skills or knowledge necessary for particular tasks or roles. It improves your performance and productivity through organized activities like lectures, hands-on experiences, and assessments. Effective training addresses skill gaps, helping you stay competent and compliant with industry standards. In the end, it promotes continuous improvement within organizations, ensuring you’re equipped to meet evolving job demands and challenges in your field. What Is Training and Why Is It Important? Training’s crucial as it equips you with specialized skills and knowledge, improving your job performance and ensuring compliance with standards. It addresses skill gaps, nurturing personal growth and enhancing organizational efficiency. By investing in effective training programs, you can reduce errors and turnover, leading to cost savings. Research shows that many workers feel undertrained, highlighting the need for structured training that adapts to both individual and organizational needs. What Is Training and Its Types? Training involves various methods aimed at enhancing skills and knowledge for specific roles. On-the-job training (OJT) occurs in real work settings, whereas off-the-job training includes lectures or seminars. Physical training develops motor skills and strength, while occupational training guarantees safety in hazardous jobs. Specialized areas like robotics training focus on adapting machines to new situations, and relaxation training aids in stress management. Continuous training is crucial for skill maintenance and improvement. What Is the Meaning of Training Area? A training area refers to the specific environment where training occurs, whether it’s a classroom, workplace, or online platform. These areas are designed to meet the needs of particular programs, ensuring the setup aligns with the skills being taught. Well-equipped training areas include necessary tools and resources, which greatly influence engagement and knowledge retention. The right training environment improves practical skill application, making it essential for effective learning outcomes. Conclusion In conclusion, training is crucial for enhancing job performance and nurturing a skilled workforce. By comprehending its various types and stages, you can better appreciate how training impacts both individual and organizational success. On-the-job and off-the-job methods each offer unique advantages, contributing to employee satisfaction and productivity. In the end, investing in effective training not only addresses skill gaps but likewise promotes long-term development, leading to a more competent and committed workforce, which is fundamental for organizational growth. Image via Google Gemini This article, "What Is Training?" was first published on Small Business Trends View the full article

Training is a structured process aimed at enhancing your skills and knowledge for improved job performance. It involves various methods, such as on-the-job and off-the-job training, that help fill skill gaps and align with industry standards. Comprehending the significance of training can lead to increased productivity and lower turnover rates. As you explore this topic further, you’ll discover the different types of training and their impact on both individuals and organizations. Key Takeaways Training is a structured process aimed at equipping individuals with specialized skills or knowledge for improved job performance. It can take various forms, including on-the-job training (OJT) and off-the-job training, to enhance practical and theoretical knowledge. Effective training addresses employee unpreparedness, leading to increased productivity and job satisfaction. Continuous training is essential for maintaining compliance with industry standards and reducing turnover costs. Training focuses on immediate skill acquisition, while development targets long-term career growth and adaptability. Definition of Training Training is a fundamental process that equips individuals with specialized skills or knowledge, aimed at improving work performance and ensuring adherence to industry standards. The training meaning encompasses a structured method created to improve efficiency and compliance within a specific job or activity. It typically involves a planned, goal-oriented approach that targets specific objectives relevant to your role. Various forms of training exist, including on-the-job and off-the-job training, in addition to specialized programs customized to meet organizational needs. Effective training is significant, especially for new employees, as it provides them with the important skills required for their jobs. This investment not only boosts overall employee performance but additionally strengthens the organizational culture. Conversely, insufficient training can lead to quality issues and decreased motivation among employees, underscoring the importance of thorough training programs. Types of Training In terms of types of training, you’ll encounter both on-the-job training (OJT) and specialized training areas. OJT occurs right in the workplace, allowing you to gain practical skills during your job, whereas specialized training focuses on developing specific competencies necessary for certain roles. Comprehending these types can help you choose the most effective training methods to improve your skills and boost your career. On-the-Job Training On-the-job training (OJT) serves as a pivotal component of workforce development, enabling employees to acquire skills directly within their job environments. This hands-on approach allows you to learn using real tools and equipment, making it especially effective for vocational roles. Under the guidance of professional trainers, you can apply what you learn immediately in the workplace. OJT can likewise include web-based technology for improved accessibility and efficiency. Moreover, simulation-based training offers a safe environment to practice skills before real-world application. OJT plans typically outline subjects, training hours, completion dates, and evaluation methods. OJT Features Benefits Hands-on Learning Practical skill application Professional Guidance Immediate feedback and support Structured Plans Measurable outcomes Specialized Training Areas Specialized training areas play a crucial role in developing specific skill sets customized to various professions and industries. For instance, robotics training focuses on programming robots to adapt and improve through behavioral mimicry, enhancing human-robot interactions. Relaxation training offers potential health benefits, particularly for the elderly, by reducing reliance on medications. In fields like underwater exploration or firefighting, occupational training combines practical and theoretical components to guarantee safety and competence. Continuous physical fitness training is essential in the military, emphasizing survival skills and peak performance customized to operational needs. Finally, simulation-based training allows you to practice skills in controlled environments, effectively preparing you for real-world applications in various job roles, making training and learning more effective and relevant. The Importance of Training Training plays a vital role in improving employee performance, as many workers often feel unprepared for their roles due to insufficient training. With 74% of employees expressing concerns about their training, effective programs are significant. Organizations investing in training report a 24% increase in productivity, demonstrating a clear link between training and success. Furthermore, continuous training maintains compliance with industry standards, especially in high-risk jobs. Here’s a summary of the importance of training: Benefits of Training Impact on Employees Organizational Impact Improves performance Improves job satisfaction Reduces turnover costs Increases engagement Boosts confidence Saves on recruitment costs Reduces supervision needs Frees up time for personal development Allows focus on strategic initiatives The 4 Stages of Training When you think about training, it’s crucial to recognize the four stages that shape its effectiveness. First, preparation and planning set the groundwork, followed by implementation and execution, where the training is put into action. Finally, evaluation and adjustment guarantee that the training meets its objectives and continues to improve over time. Preparation and Planning Effective preparation and planning are essential for any successful training program, as they lay the foundation for employee development. Each stage of training serves a distinct purpose, ensuring employees are equipped with the necessary skills and knowledge. Stage Purpose Pre-employment Assess competencies relevant to the job Induction Introduce new hires to the organization and culture In-service Update skills in line with changing job requirements Career Development encourage growth and prepare for promotions Implementation and Execution To effectively improve employee skills and knowledge, organizations implement a structured approach that unfolds in four key stages: pre-employment, induction, in-service, and career development training. Pre-employment training prepares candidates by equipping them with fundamental skills before they even start. Induction training, often conducted within the first few weeks, introduces new hires to the organization’s culture, team members, and policies. In-service training occurs throughout an employee’s career, addressing skill updates required by changes in technology or job roles. Finally, career development training focuses on helping employees expand their skill sets, preparing them for future opportunities and nurturing a culture of continuous improvement. Each stage plays a crucial role in enhancing employee growth and overall organizational effectiveness. Evaluation and Adjustment Evaluation and adjustment are essential components of the training process, as they guarantee that each stage effectively meets the needs of both employees and the organization. In the pre-employment stage, evaluating candidates guarantees they possess the required skills and education, leading to better job fit. During induction training, adjustment based on feedback shapes new employees’ experiences, nurturing integration into the company culture. For in-service training, ongoing evaluation helps update employees on new processes or technologies, keeping their skills relevant. Finally, career development training should be regularly assessed and adjusted to align with employees’ aspirations and organizational goals. On-the-Job vs. Off-the-Job Training When considering training options, it’s important to grasp the differences between on-the-job training (OJT) and off-the-job training, as each offers unique advantages and settings. Here’s a quick breakdown of both: 1. On-the-Job Training (OJT): This occurs in real work environments, allowing you to gain hands-on experience with actual tools and equipment, which improves your practical skills and job readiness. Learning directly from experienced professionals in real-time can lead to immediate skill application. 2. Off-the-Job Training: This takes place outside the normal work setting, using methods like lectures, seminars, and role-playing. This approach helps you focus on theoretical comprehension without the distractions of daily job responsibilities. 3. Structured Goals: Both training methods can be designed with specific goals and evaluation metrics, ensuring they align with organizational objectives and contribute to effective employee development. Benefits of Employee Training Investing in employee training yields considerable benefits that can transform an organization’s performance and culture. When you consider what’s training, it’s important to note how it improves overall productivity; many organizations report up to a 24% increase after implementing effective training programs. Furthermore, companies that invest in training are 34% more likely to improve employee retention rates, which helps reduce turnover costs markedly. Skilled workers likewise contribute to financial growth, with training initiatives linked to a staggering 218% increase in revenue per employee. In addition, organizations with thorough training programs enjoy 37% higher employee engagement, creating a more committed and motivated workforce. With research indicating that 70% of employees feel they lack the necessary skills to perform effectively, targeted training solutions become key for both individual and organizational success. In the end, the benefits of employee training are undeniable and play an important role in sustaining a competitive edge. The Relationship Between Training and Development Grasping the relationship between training and development is vital for nurturing a productive workforce. As training focuses on immediate skill acquisition for current job roles, development aims for long-term career growth. Comprehending the training and education difference is significant here. Here’s how training and development interconnect: Immediate Skills vs. Future Growth: Training addresses current skill gaps, whereas development prepares you for future responsibilities. Structured vs. Flexible: Training is often formal and time-bound, while development offers ongoing opportunities, such as mentorship and leadership programs. Organizational Benefits: Effective training improves productivity and morale, whereas development encourages adaptability, significant in a swiftly changing work environment. Frequently Asked Questions What Is the Best Definition of Training? The best definition of training involves a systematic process aimed at imparting specific skills or knowledge necessary for particular tasks or roles. It improves your performance and productivity through organized activities like lectures, hands-on experiences, and assessments. Effective training addresses skill gaps, helping you stay competent and compliant with industry standards. In the end, it promotes continuous improvement within organizations, ensuring you’re equipped to meet evolving job demands and challenges in your field. What Is Training and Why Is It Important? Training’s crucial as it equips you with specialized skills and knowledge, improving your job performance and ensuring compliance with standards. It addresses skill gaps, nurturing personal growth and enhancing organizational efficiency. By investing in effective training programs, you can reduce errors and turnover, leading to cost savings. Research shows that many workers feel undertrained, highlighting the need for structured training that adapts to both individual and organizational needs. What Is Training and Its Types? Training involves various methods aimed at enhancing skills and knowledge for specific roles. On-the-job training (OJT) occurs in real work settings, whereas off-the-job training includes lectures or seminars. Physical training develops motor skills and strength, while occupational training guarantees safety in hazardous jobs. Specialized areas like robotics training focus on adapting machines to new situations, and relaxation training aids in stress management. Continuous training is crucial for skill maintenance and improvement. What Is the Meaning of Training Area? A training area refers to the specific environment where training occurs, whether it’s a classroom, workplace, or online platform. These areas are designed to meet the needs of particular programs, ensuring the setup aligns with the skills being taught. Well-equipped training areas include necessary tools and resources, which greatly influence engagement and knowledge retention. The right training environment improves practical skill application, making it essential for effective learning outcomes. Conclusion In conclusion, training is crucial for enhancing job performance and nurturing a skilled workforce. By comprehending its various types and stages, you can better appreciate how training impacts both individual and organizational success. On-the-job and off-the-job methods each offer unique advantages, contributing to employee satisfaction and productivity. In the end, investing in effective training not only addresses skill gaps but likewise promotes long-term development, leading to a more competent and committed workforce, which is fundamental for organizational growth. Image via Google Gemini This article, "What Is Training?" was first published on Small Business Trends View the full article

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When considering starting a business, you’ll often find yourself weighing the options between a corporation and a sole proprietorship. Each structure has distinct features that can greatly impact your control, liability, taxation, complexity of formation, and access to financing. Comprehending these differences is vital for making an informed decision that aligns with your goals. Let’s explore these key aspects to help you determine which option might be best for your needs. Key Takeaways Sole proprietorships offer complete control to the owner, while corporations involve shared decision-making among multiple shareholders. Owners of sole proprietorships face unlimited personal liability, whereas corporations provide limited liability protection to their owners. Sole proprietorships are taxed as personal income, while corporations are taxed separately at corporate tax rates. Setting up a sole proprietorship is quick and inexpensive, while forming a corporation is more complex and costly. Sole proprietorships have limited financing options, while corporations can issue shares to attract a wider range of investors. Ownership Structure: Who Holds the Control? When considering the ownership structure of a business, it’s essential to recognize how control varies between a sole proprietorship and a corporation. In a sole proprietorship, you hold complete control over all decisions and operations, making it simpler and more direct. On the other hand, with a corporation, ownership is divided among multiple shareholders, which leads to collaborative decision-making. This dynamic contrasts sharply with the proprietorship vs corporation structure, as corporations require formal governance, including a board of directors to oversee major decisions. Furthermore, ownership in a corporation is transferable through shares, unlike a sole proprietorship, which can’t be sold as a distinct entity. Comprehending these differences in the s corporation vs sole proprietorship debate can help you make informed decisions. Liability Protection: Understanding Personal Risk vs. Limited Liability Liability protection is a critical factor to contemplate, especially since it directly impacts your personal financial risk as a business owner. In a sole proprietorship, you face unlimited personal liability, meaning your assets could be seized to settle business debts. Conversely, corporations, including S Corps, offer limited liability protection; you’re only liable for your investment in the business. This distinction means that if a corporation goes bankrupt, you can walk away without personal financial repercussions, unlike in a sole proprietorship where personal bankruptcy is possible. Here’s a quick comparison: Business Type Liability Protection Risk to Personal Assets Sole Proprietorship Unlimited High S Corporation Limited Low Limited Liability Co. Limited Low Partnership Varies Moderate Corporation Limited Low Taxation Differences: Personal Income vs. Corporate Tax Rates Comprehending the differences in taxation between business structures is essential for making informed decisions. Sole proprietorships are taxed as personal income, meaning you report business profits on your personal tax return, which can lead to higher tax rates as your income increases. Conversely, corporations are taxed separately at a corporate tax rate, often lower than personal income rates, allowing for potential tax savings. Meanwhile, sole proprietorships benefit from a simplified tax process with just one tax return; corporations must file separate returns. Moreover, sole proprietorship earnings over $400 incur a self-employment tax of 15.3%, increasing your overall tax burden. S corporations provide a unique advantage, as profits and losses pass directly to owners, avoiding double taxation. Formation Complexity: Ease of Setup for Sole Proprietorships vs. Corporations Establishing a business can be straightforward or complicated, depending on the structure you choose. If you opt for a sole proprietorship, you can set it up quickly, often for just €105.5, and receive a company number on the same day. This simplicity appeals to many, with around 60% of startups in Belgium choosing this route. Conversely, forming a corporation is more complex. You’ll need financial planning, articles of association, a deed of incorporation, and a share register, which can take 3 to 4 weeks and cost up to €2,500. Moreover, corporations face stricter regulatory requirements and complex accounting obligations, whereas sole proprietorships allow for simpler bookkeeping, making setup remarkably easier for new entrepreneurs. Financing Options: Access to Capital and Investment Opportunities When you’re considering how to finance your business, the structure you choose plays a crucial role in determining your options. Sole proprietorships often face limited financing opportunities since they can’t raise capital by selling stock. This restriction makes it tougher for you to secure significant investments. Conversely, corporations can issue shares, attracting more investors and raising funds more easily. Investors typically favor corporations owing to the limited liability protection they provide, enhancing their appeal for external funding. Whereas sole proprietorships may struggle to obtain loans because of personal liability, corporations can leverage their status as separate legal entities. Furthermore, corporations can explore various financing avenues, including venture capital and public offerings, which are usually unavailable to sole proprietorships. Frequently Asked Questions What Is the Difference Between Proprietorship and Corporation? A proprietorship is a business owned by one person, where there’s no legal separation between you and the business, leading to unlimited personal liability for debts. Conversely, a corporation is a distinct legal entity, protecting your personal assets from business liabilities. Setting up a corporation involves more paperwork and costs, whereas a proprietorship is quicker and cheaper to establish. Furthermore, corporations have stricter regulatory requirements and better access to capital for growth. What Are the Five Differences Between Sole Proprietorship and Partnership? You’ll find several key differences between a sole proprietorship and a partnership. First, a sole proprietorship is owned by one person, whereas a partnership involves two or more individuals. Second, liability varies: sole proprietors face unlimited personal liability, whereas partners share liability. Third, establishing a sole proprietorship is simpler. Fourth, tax reporting differs, as sole proprietors include business income on personal returns, whereas partnerships file informational returns. Finally, raising capital is usually easier in partnerships. What Is a Key Advantage of a Corporation Compared to a Sole Proprietorship? A key advantage of a corporation compared to a sole proprietorship is limited liability protection. In a corporation, your personal assets are shielded from business debts, meaning you won’t risk losing your home or savings if the business fails. Furthermore, corporations can raise capital more easily by selling shares, allowing for greater growth potential. This structure improves credibility with customers and investors, which can be critical for long-term success and stability in the marketplace. What Are the Three Major Differences Between a Partnership and a Corporation? The three major differences between a partnership and a corporation include liability, taxation, and longevity. In a partnership, you and your partners face unlimited personal liability for business debts, whereas a corporation offers limited liability protection to its shareholders. Tax-wise, corporations endure double taxation on profits, whereas partnerships enjoy pass-through taxation. Finally, corporations can exist indefinitely, even when ownership changes, whereas partnerships may dissolve upon a partner’s withdrawal or death except as otherwise agreed. Conclusion In conclusion, comprehending the differences between corporations and sole proprietorships is essential for making informed business decisions. Whereas sole proprietorships offer simplicity and full control, they come with unlimited personal liability and personal income taxation. Conversely, corporations provide limited liability protection, separate taxation, and greater financing opportunities, though they require more complex formation processes. By weighing these factors, you can determine which structure aligns best with your business goals and risk tolerance. Image via Google Gemini This article, "Corporation Vs Proprietorship – 5 Key Differences Explained" was first published on Small Business Trends View the full article

When considering starting a business, you’ll often find yourself weighing the options between a corporation and a sole proprietorship. Each structure has distinct features that can greatly impact your control, liability, taxation, complexity of formation, and access to financing. Comprehending these differences is vital for making an informed decision that aligns with your goals. Let’s explore these key aspects to help you determine which option might be best for your needs. Key Takeaways Sole proprietorships offer complete control to the owner, while corporations involve shared decision-making among multiple shareholders. Owners of sole proprietorships face unlimited personal liability, whereas corporations provide limited liability protection to their owners. Sole proprietorships are taxed as personal income, while corporations are taxed separately at corporate tax rates. Setting up a sole proprietorship is quick and inexpensive, while forming a corporation is more complex and costly. Sole proprietorships have limited financing options, while corporations can issue shares to attract a wider range of investors. Ownership Structure: Who Holds the Control? When considering the ownership structure of a business, it’s essential to recognize how control varies between a sole proprietorship and a corporation. In a sole proprietorship, you hold complete control over all decisions and operations, making it simpler and more direct. On the other hand, with a corporation, ownership is divided among multiple shareholders, which leads to collaborative decision-making. This dynamic contrasts sharply with the proprietorship vs corporation structure, as corporations require formal governance, including a board of directors to oversee major decisions. Furthermore, ownership in a corporation is transferable through shares, unlike a sole proprietorship, which can’t be sold as a distinct entity. Comprehending these differences in the s corporation vs sole proprietorship debate can help you make informed decisions. Liability Protection: Understanding Personal Risk vs. Limited Liability Liability protection is a critical factor to contemplate, especially since it directly impacts your personal financial risk as a business owner. In a sole proprietorship, you face unlimited personal liability, meaning your assets could be seized to settle business debts. Conversely, corporations, including S Corps, offer limited liability protection; you’re only liable for your investment in the business. This distinction means that if a corporation goes bankrupt, you can walk away without personal financial repercussions, unlike in a sole proprietorship where personal bankruptcy is possible. Here’s a quick comparison: Business Type Liability Protection Risk to Personal Assets Sole Proprietorship Unlimited High S Corporation Limited Low Limited Liability Co. Limited Low Partnership Varies Moderate Corporation Limited Low Taxation Differences: Personal Income vs. Corporate Tax Rates Comprehending the differences in taxation between business structures is essential for making informed decisions. Sole proprietorships are taxed as personal income, meaning you report business profits on your personal tax return, which can lead to higher tax rates as your income increases. Conversely, corporations are taxed separately at a corporate tax rate, often lower than personal income rates, allowing for potential tax savings. Meanwhile, sole proprietorships benefit from a simplified tax process with just one tax return; corporations must file separate returns. Moreover, sole proprietorship earnings over $400 incur a self-employment tax of 15.3%, increasing your overall tax burden. S corporations provide a unique advantage, as profits and losses pass directly to owners, avoiding double taxation. Formation Complexity: Ease of Setup for Sole Proprietorships vs. Corporations Establishing a business can be straightforward or complicated, depending on the structure you choose. If you opt for a sole proprietorship, you can set it up quickly, often for just €105.5, and receive a company number on the same day. This simplicity appeals to many, with around 60% of startups in Belgium choosing this route. Conversely, forming a corporation is more complex. You’ll need financial planning, articles of association, a deed of incorporation, and a share register, which can take 3 to 4 weeks and cost up to €2,500. Moreover, corporations face stricter regulatory requirements and complex accounting obligations, whereas sole proprietorships allow for simpler bookkeeping, making setup remarkably easier for new entrepreneurs. Financing Options: Access to Capital and Investment Opportunities When you’re considering how to finance your business, the structure you choose plays a crucial role in determining your options. Sole proprietorships often face limited financing opportunities since they can’t raise capital by selling stock. This restriction makes it tougher for you to secure significant investments. Conversely, corporations can issue shares, attracting more investors and raising funds more easily. Investors typically favor corporations owing to the limited liability protection they provide, enhancing their appeal for external funding. Whereas sole proprietorships may struggle to obtain loans because of personal liability, corporations can leverage their status as separate legal entities. Furthermore, corporations can explore various financing avenues, including venture capital and public offerings, which are usually unavailable to sole proprietorships. Frequently Asked Questions What Is the Difference Between Proprietorship and Corporation? A proprietorship is a business owned by one person, where there’s no legal separation between you and the business, leading to unlimited personal liability for debts. Conversely, a corporation is a distinct legal entity, protecting your personal assets from business liabilities. Setting up a corporation involves more paperwork and costs, whereas a proprietorship is quicker and cheaper to establish. Furthermore, corporations have stricter regulatory requirements and better access to capital for growth. What Are the Five Differences Between Sole Proprietorship and Partnership? You’ll find several key differences between a sole proprietorship and a partnership. First, a sole proprietorship is owned by one person, whereas a partnership involves two or more individuals. Second, liability varies: sole proprietors face unlimited personal liability, whereas partners share liability. Third, establishing a sole proprietorship is simpler. Fourth, tax reporting differs, as sole proprietors include business income on personal returns, whereas partnerships file informational returns. Finally, raising capital is usually easier in partnerships. What Is a Key Advantage of a Corporation Compared to a Sole Proprietorship? A key advantage of a corporation compared to a sole proprietorship is limited liability protection. In a corporation, your personal assets are shielded from business debts, meaning you won’t risk losing your home or savings if the business fails. Furthermore, corporations can raise capital more easily by selling shares, allowing for greater growth potential. This structure improves credibility with customers and investors, which can be critical for long-term success and stability in the marketplace. What Are the Three Major Differences Between a Partnership and a Corporation? The three major differences between a partnership and a corporation include liability, taxation, and longevity. In a partnership, you and your partners face unlimited personal liability for business debts, whereas a corporation offers limited liability protection to its shareholders. Tax-wise, corporations endure double taxation on profits, whereas partnerships enjoy pass-through taxation. Finally, corporations can exist indefinitely, even when ownership changes, whereas partnerships may dissolve upon a partner’s withdrawal or death except as otherwise agreed. Conclusion In conclusion, comprehending the differences between corporations and sole proprietorships is essential for making informed business decisions. Whereas sole proprietorships offer simplicity and full control, they come with unlimited personal liability and personal income taxation. Conversely, corporations provide limited liability protection, separate taxation, and greater financing opportunities, though they require more complex formation processes. By weighing these factors, you can determine which structure aligns best with your business goals and risk tolerance. Image via Google Gemini This article, "Corporation Vs Proprietorship – 5 Key Differences Explained" was first published on Small Business Trends View the full article

Brand communities play an essential role in enhancing customer engagement and loyalty. Companies like GoPro and Zoom show how nurturing user interaction can create strong connections among users. Upwork supports freelancers, whereas NetApp offers self-service solutions for customer satisfaction. Organizations like Palo Alto Networks and Starbucks build communities for knowledge sharing and engagement. Nike’s Run Club app exemplifies a global connection among runners. Comprehending these examples can provide valuable insights for your own brand strategy. Key Takeaways GoPro engages users through adventure-themed contests, fostering creativity and a strong sense of community among action photography enthusiasts. Zoom’s tech community offers peer support and resources, enhancing user experience and encouraging knowledge sharing among digital communication professionals. Upwork connects freelancers globally, providing forums and skill development opportunities that promote collaboration and support within the freelance community. Starbucks utilizes gamification in their Rewards program, creating personalized experiences that drive customer engagement and loyalty through shared interests. Nike’s Run Club app builds a global running community by offering resources, local events, and personalized coaching to connect runners of all levels. GoPro: Capturing Adventure Through Community GoPro has successfully engaged millions of users by cultivating a community centered around adventure and action photography. This brand community thrives on user-generated content, where enthusiasts share their thrilling experiences captured with GoPro cameras. With 20.5 million followers on Instagram, GoPro exemplifies how a strong online community promotes engagement and creativity. Contests and challenges stimulate participation, encouraging users to showcase their skills and adventures, as well as peer-to-peer support that promotes knowledge sharing and collaboration. These are key characteristics of effective brand community examples, where members feel valued and connected. By recognizing achievements, GoPro builds a sense of belonging, transforming casual users into passionate advocates. This approach mirrors successful examples of online communities across various industries, demonstrating that when brands encourage interaction and celebrate user contributions, they amplify loyalty and strengthen community bonds. Zoom: Connecting and Collaborating Together As the world increasingly relies on digital communication, platforms like Zoom have emerged as pivotal tools for connecting and collaborating. Zoom serves millions of users by facilitating virtual meetings and webinars, making remote interactions seamless and efficient. It has developed a tech community that functions as a customer self-service hub, allowing users to engage in peer-to-peer support and knowledge exchange. You can access a wealth of resources on the platform, including articles and tutorials that help you maximize your experience and troubleshoot issues. Furthermore, Zoom offers multiple customer service channels to address specific inquiries and needs. These community engagement initiatives not only improve user experience but also help reduce crisis-related posts and support tickets, empowering you to find solutions independently. Upwork: Empowering Freelancers Worldwide Upwork connects millions of freelancers from over 180 countries, creating a vast global marketplace where you can find diverse job opportunities. The platform features a robust community hub that promotes knowledge sharing and communication, helping freelancers support each other effectively. With resources like forums and a skill development academy, Upwork empowers you to improve your skills and navigate the freelance environment more confidently. Global Freelancer Network Connecting millions of freelancers across 180+ countries, Upwork creates a lively global network that empowers individuals to showcase their skills and talents. This platform not only connects businesses with freelancers but likewise nurtures a strong community that thrives on collaboration and support. Here’s what makes Upwork stand out: Knowledge-sharing forums allow freelancers to exchange tips and best practices, improving their skill sets. The Skill Development Academy offers training resources, enabling freelancers to enhance their marketability. Upwork’s commitment to reducing crisis-related posts improves user experience and satisfaction, making it easier for freelancers to thrive. Knowledge-Sharing Community Freelancers around the world find empowerment through Upwork’s knowledge-sharing community, which serves as a crucial resource for maneuvering the intricacies of remote work. With millions of freelancers across 180+ countries, Upwork cultivates a lively hub for communication and guidance. The platform features forums and resources that encourage peer-to-peer support, allowing users to exchange valuable insights and experiences. This collaborative environment not merely improves individual skills but also builds confidence among freelancers. By reducing crisis-related posts and minimizing support tickets, Upwork effectively streamlines the problem-solving process. In the end, the emphasis on community engagement equips freelancers to navigate challenges, leading to more successful project outcomes for both freelancers and businesses alike, thereby promoting a thriving freelance marketplace. Skill Development Resources As you navigate the domain of freelancing, skill development resources play a crucial role in enhancing your professional capabilities and marketability. Upwork stands out by connecting millions of freelancers across 180+ countries, creating a rich environment for growth. Here are three key resources that can boost your freelance career: Skill Development Academy: Access courses and training programs customized to improve your expertise. Forums and Knowledge-Sharing Features: Engage with fellow freelancers, exchanging insights and solutions to common challenges. Peer-to-Peer Support: Benefit from a community that encourages collaboration, helping you to troubleshoot issues and reduce the need for crisis-related posts. NetApp: Self-Service Support Community NetApp has transformed its online support community to improve self-service capabilities, providing users with a streamlined platform to search for solutions or request assistance. This centralized hub allows you to engage with peers as you efficiently find answers to your queries. The improvements have resulted in a nearly 20% reduction in cost per answer, showcasing increased efficiency in support operations. By prioritizing self-service options, NetApp has greatly improved Customer Satisfaction (CSAT) scores, indicating a more positive experience for users. This approach empowers you to independently resolve issues, reducing dependency on traditional support channels. Additionally, the platform facilitates knowledge exchange among users, promoting a collaborative environment that boosts learning and sharing of best practices. Palo Alto Networks: Knowledge Sharing in Cybersecurity Palo Alto Networks has created a robust community hub where over 350,000 cybersecurity professionals can engage in collaborative discussions. This platform is rich in resources, offering blogs, articles, podcasts, and tools to help users stay informed about emerging threats and security trends. Collaborative Cybersecurity Discussions In today’s fast-paced digital environment, cybersecurity professionals need a reliable platform for knowledge sharing and collaboration. Palo Alto Networks offers a branded community forum that connects over 350,000 experts, enhancing best practices and insights. This community is dedicated to facilitating collaborative discussions and real-time problem-solving. Here are three key features that make this forum invaluable: Diverse Resources: Access to blogs, articles, podcasts, and tools customized for cybersecurity professionals. Peer Support: Members actively engage, sharing insights and experiences to boost expertise across the community. Real-Time Problem-Solving: Users can ask questions and receive guidance from their peers, nurturing a supportive environment. Resource-Rich Community Hub As cybersecurity threats evolve, having access to a resource-rich community hub can greatly improve your knowledge and skills. Palo Alto Networks offers a branded community forum for over 350,000 cybersecurity experts, facilitating knowledge sharing and best practices. This platform features an extensive array of resources, including blogs, articles, podcasts, and tools, all aimed at keeping you informed about the latest trends in cybersecurity. Collaborative discussions are encouraged, allowing you to exchange insights and experiences with peers, which enhances your expertise. By seeking advice and sharing solutions, you cultivate a strong sense of community among cybersecurity professionals. In the end, this resource-rich hub not only strengthens engagement but likewise positions Palo Alto Networks as a thought leader in the cybersecurity field. Starbucks: Building Community and Engagement Starbucks effectively builds community and engagement by implementing innovative programs that promote connections among its members. Through the gamified Starbucks Rewards program, you can earn personalized rewards and enjoy exclusive experiences, encouraging social interaction. The company values user feedback, aligning initiatives with shared community values to create a sense of belonging. Here are three key ways Starbucks engages its community: Leaf Rakers Society: This initiative celebrates seasonal favorites, like the Pumpkin Spice Latte, inviting members to share their experiences and connect over shared interests. Loyalty Integration: By combining rewards with peer-to-peer engagement, Starbucks converts customers into brand advocates, nurturing a supportive environment. Community Initiatives: Through various initiatives, Starbucks not just drives customer retention but also creates a lively space where members feel valued and connected to the brand’s mission. Nike: Fostering a Global Running Community Building on the concept of community engagement, Nike has developed a robust global running community through its Nike Run Club (NRC) app. This app connects runners of all levels, providing free tools and resources that fit seamlessly into their daily routines. By hosting local running groups and events, NRC encourages community engagement and inspires perseverance among its members. The app offers personalized coaching plans, tracking capabilities, and challenges to motivate users in setting and achieving their fitness goals. In addition, Nike empowers athletes by creating a platform for sharing running experiences, tips, and achievements, which improves the sense of belonging within the community. With millions of active users worldwide, the NRC exemplifies how a brand can effectively cultivate a passionate community centered on fitness and shared interests. This approach not only nurtures loyalty but also strengthens connections among individuals pursuing similar athletic passions. Frequently Asked Questions What Is an Example of a Brand Community? One example of a brand community is the GoPro community. It connects adventure enthusiasts who share their experiences through photos and videos captured with GoPro cameras. Members actively engage on social media platforms, particularly Instagram, where GoPro boasts over 20 million followers. This community not just cultivates excitement around the brand but furthermore provides a support network for users seeking help and advice related to their GoPro products, enhancing overall customer satisfaction. What Are 10 Examples of Community? Here are ten examples of communities: GoPro’s adventure enthusiasts share experiences, Zoom connects users for collaboration, and Upwork links freelancers globally. NetApp offers tech support, whereas Palo Alto Networks serves cybersecurity professionals. Apple has a support community, Sephora combines loyalty with beauty tips, and LEGO engages fans in design submissions. Airbnb hosts share experiences, and Gymshark encourages fitness discussions. Each community improves interaction and knowledge sharing among members, promoting brand loyalty and engagement. What Is an Example of Brand Awareness? An example of brand awareness is when consumers recognize and recall a brand among its competitors. For instance, when you see a GoPro camera, you likely associate it with adventure and action sports. This recognition stems from effective marketing, user-generated content, and community engagement. Brands like Starbucks likewise create awareness through loyalty programs that encourage social interaction, helping customers identify and connect with the brand’s values and offerings in their daily lives. What Is the 3 7 27 Rule of Branding? The 3 7 27 Rule of Branding suggests that consumers need to encounter a brand’s message three times before they consider it, seven times before they recognize it, and twenty-seven times before it influences their purchasing decision. This framework emphasizes the importance of consistent exposure across multiple channels. Conclusion Brand communities play an essential role in enhancing customer loyalty and engagement. By examining examples like GoPro, Zoom, and others, you can see how these companies cultivate connections among users, promote collaboration, and provide valuable resources. From empowering freelancers on Upwork to creating a global running community with Nike, these brands illustrate the effectiveness of community-building strategies. Learning from their approaches can help you develop your own brand community that drives satisfaction and loyalty among your audience. Image via Google Gemini This article, "7 Inspiring Examples of Brand Community You Can Learn From" was first published on Small Business Trends View the full article

Brand communities play an essential role in enhancing customer engagement and loyalty. Companies like GoPro and Zoom show how nurturing user interaction can create strong connections among users. Upwork supports freelancers, whereas NetApp offers self-service solutions for customer satisfaction. Organizations like Palo Alto Networks and Starbucks build communities for knowledge sharing and engagement. Nike’s Run Club app exemplifies a global connection among runners. Comprehending these examples can provide valuable insights for your own brand strategy. Key Takeaways GoPro engages users through adventure-themed contests, fostering creativity and a strong sense of community among action photography enthusiasts. Zoom’s tech community offers peer support and resources, enhancing user experience and encouraging knowledge sharing among digital communication professionals. Upwork connects freelancers globally, providing forums and skill development opportunities that promote collaboration and support within the freelance community. Starbucks utilizes gamification in their Rewards program, creating personalized experiences that drive customer engagement and loyalty through shared interests. Nike’s Run Club app builds a global running community by offering resources, local events, and personalized coaching to connect runners of all levels. GoPro: Capturing Adventure Through Community GoPro has successfully engaged millions of users by cultivating a community centered around adventure and action photography. This brand community thrives on user-generated content, where enthusiasts share their thrilling experiences captured with GoPro cameras. With 20.5 million followers on Instagram, GoPro exemplifies how a strong online community promotes engagement and creativity. Contests and challenges stimulate participation, encouraging users to showcase their skills and adventures, as well as peer-to-peer support that promotes knowledge sharing and collaboration. These are key characteristics of effective brand community examples, where members feel valued and connected. By recognizing achievements, GoPro builds a sense of belonging, transforming casual users into passionate advocates. This approach mirrors successful examples of online communities across various industries, demonstrating that when brands encourage interaction and celebrate user contributions, they amplify loyalty and strengthen community bonds. Zoom: Connecting and Collaborating Together As the world increasingly relies on digital communication, platforms like Zoom have emerged as pivotal tools for connecting and collaborating. Zoom serves millions of users by facilitating virtual meetings and webinars, making remote interactions seamless and efficient. It has developed a tech community that functions as a customer self-service hub, allowing users to engage in peer-to-peer support and knowledge exchange. You can access a wealth of resources on the platform, including articles and tutorials that help you maximize your experience and troubleshoot issues. Furthermore, Zoom offers multiple customer service channels to address specific inquiries and needs. These community engagement initiatives not only improve user experience but also help reduce crisis-related posts and support tickets, empowering you to find solutions independently. Upwork: Empowering Freelancers Worldwide Upwork connects millions of freelancers from over 180 countries, creating a vast global marketplace where you can find diverse job opportunities. The platform features a robust community hub that promotes knowledge sharing and communication, helping freelancers support each other effectively. With resources like forums and a skill development academy, Upwork empowers you to improve your skills and navigate the freelance environment more confidently. Global Freelancer Network Connecting millions of freelancers across 180+ countries, Upwork creates a lively global network that empowers individuals to showcase their skills and talents. This platform not only connects businesses with freelancers but likewise nurtures a strong community that thrives on collaboration and support. Here’s what makes Upwork stand out: Knowledge-sharing forums allow freelancers to exchange tips and best practices, improving their skill sets. The Skill Development Academy offers training resources, enabling freelancers to enhance their marketability. Upwork’s commitment to reducing crisis-related posts improves user experience and satisfaction, making it easier for freelancers to thrive. Knowledge-Sharing Community Freelancers around the world find empowerment through Upwork’s knowledge-sharing community, which serves as a crucial resource for maneuvering the intricacies of remote work. With millions of freelancers across 180+ countries, Upwork cultivates a lively hub for communication and guidance. The platform features forums and resources that encourage peer-to-peer support, allowing users to exchange valuable insights and experiences. This collaborative environment not merely improves individual skills but also builds confidence among freelancers. By reducing crisis-related posts and minimizing support tickets, Upwork effectively streamlines the problem-solving process. In the end, the emphasis on community engagement equips freelancers to navigate challenges, leading to more successful project outcomes for both freelancers and businesses alike, thereby promoting a thriving freelance marketplace. Skill Development Resources As you navigate the domain of freelancing, skill development resources play a crucial role in enhancing your professional capabilities and marketability. Upwork stands out by connecting millions of freelancers across 180+ countries, creating a rich environment for growth. Here are three key resources that can boost your freelance career: Skill Development Academy: Access courses and training programs customized to improve your expertise. Forums and Knowledge-Sharing Features: Engage with fellow freelancers, exchanging insights and solutions to common challenges. Peer-to-Peer Support: Benefit from a community that encourages collaboration, helping you to troubleshoot issues and reduce the need for crisis-related posts. NetApp: Self-Service Support Community NetApp has transformed its online support community to improve self-service capabilities, providing users with a streamlined platform to search for solutions or request assistance. This centralized hub allows you to engage with peers as you efficiently find answers to your queries. The improvements have resulted in a nearly 20% reduction in cost per answer, showcasing increased efficiency in support operations. By prioritizing self-service options, NetApp has greatly improved Customer Satisfaction (CSAT) scores, indicating a more positive experience for users. This approach empowers you to independently resolve issues, reducing dependency on traditional support channels. Additionally, the platform facilitates knowledge exchange among users, promoting a collaborative environment that boosts learning and sharing of best practices. Palo Alto Networks: Knowledge Sharing in Cybersecurity Palo Alto Networks has created a robust community hub where over 350,000 cybersecurity professionals can engage in collaborative discussions. This platform is rich in resources, offering blogs, articles, podcasts, and tools to help users stay informed about emerging threats and security trends. Collaborative Cybersecurity Discussions In today’s fast-paced digital environment, cybersecurity professionals need a reliable platform for knowledge sharing and collaboration. Palo Alto Networks offers a branded community forum that connects over 350,000 experts, enhancing best practices and insights. This community is dedicated to facilitating collaborative discussions and real-time problem-solving. Here are three key features that make this forum invaluable: Diverse Resources: Access to blogs, articles, podcasts, and tools customized for cybersecurity professionals. Peer Support: Members actively engage, sharing insights and experiences to boost expertise across the community. Real-Time Problem-Solving: Users can ask questions and receive guidance from their peers, nurturing a supportive environment. Resource-Rich Community Hub As cybersecurity threats evolve, having access to a resource-rich community hub can greatly improve your knowledge and skills. Palo Alto Networks offers a branded community forum for over 350,000 cybersecurity experts, facilitating knowledge sharing and best practices. This platform features an extensive array of resources, including blogs, articles, podcasts, and tools, all aimed at keeping you informed about the latest trends in cybersecurity. Collaborative discussions are encouraged, allowing you to exchange insights and experiences with peers, which enhances your expertise. By seeking advice and sharing solutions, you cultivate a strong sense of community among cybersecurity professionals. In the end, this resource-rich hub not only strengthens engagement but likewise positions Palo Alto Networks as a thought leader in the cybersecurity field. Starbucks: Building Community and Engagement Starbucks effectively builds community and engagement by implementing innovative programs that promote connections among its members. Through the gamified Starbucks Rewards program, you can earn personalized rewards and enjoy exclusive experiences, encouraging social interaction. The company values user feedback, aligning initiatives with shared community values to create a sense of belonging. Here are three key ways Starbucks engages its community: Leaf Rakers Society: This initiative celebrates seasonal favorites, like the Pumpkin Spice Latte, inviting members to share their experiences and connect over shared interests. Loyalty Integration: By combining rewards with peer-to-peer engagement, Starbucks converts customers into brand advocates, nurturing a supportive environment. Community Initiatives: Through various initiatives, Starbucks not just drives customer retention but also creates a lively space where members feel valued and connected to the brand’s mission. Nike: Fostering a Global Running Community Building on the concept of community engagement, Nike has developed a robust global running community through its Nike Run Club (NRC) app. This app connects runners of all levels, providing free tools and resources that fit seamlessly into their daily routines. By hosting local running groups and events, NRC encourages community engagement and inspires perseverance among its members. The app offers personalized coaching plans, tracking capabilities, and challenges to motivate users in setting and achieving their fitness goals. In addition, Nike empowers athletes by creating a platform for sharing running experiences, tips, and achievements, which improves the sense of belonging within the community. With millions of active users worldwide, the NRC exemplifies how a brand can effectively cultivate a passionate community centered on fitness and shared interests. This approach not only nurtures loyalty but also strengthens connections among individuals pursuing similar athletic passions. Frequently Asked Questions What Is an Example of a Brand Community? One example of a brand community is the GoPro community. It connects adventure enthusiasts who share their experiences through photos and videos captured with GoPro cameras. Members actively engage on social media platforms, particularly Instagram, where GoPro boasts over 20 million followers. This community not just cultivates excitement around the brand but furthermore provides a support network for users seeking help and advice related to their GoPro products, enhancing overall customer satisfaction. What Are 10 Examples of Community? Here are ten examples of communities: GoPro’s adventure enthusiasts share experiences, Zoom connects users for collaboration, and Upwork links freelancers globally. NetApp offers tech support, whereas Palo Alto Networks serves cybersecurity professionals. Apple has a support community, Sephora combines loyalty with beauty tips, and LEGO engages fans in design submissions. Airbnb hosts share experiences, and Gymshark encourages fitness discussions. Each community improves interaction and knowledge sharing among members, promoting brand loyalty and engagement. What Is an Example of Brand Awareness? An example of brand awareness is when consumers recognize and recall a brand among its competitors. For instance, when you see a GoPro camera, you likely associate it with adventure and action sports. This recognition stems from effective marketing, user-generated content, and community engagement. Brands like Starbucks likewise create awareness through loyalty programs that encourage social interaction, helping customers identify and connect with the brand’s values and offerings in their daily lives. What Is the 3 7 27 Rule of Branding? The 3 7 27 Rule of Branding suggests that consumers need to encounter a brand’s message three times before they consider it, seven times before they recognize it, and twenty-seven times before it influences their purchasing decision. This framework emphasizes the importance of consistent exposure across multiple channels. Conclusion Brand communities play an essential role in enhancing customer loyalty and engagement. By examining examples like GoPro, Zoom, and others, you can see how these companies cultivate connections among users, promote collaboration, and provide valuable resources. From empowering freelancers on Upwork to creating a global running community with Nike, these brands illustrate the effectiveness of community-building strategies. Learning from their approaches can help you develop your own brand community that drives satisfaction and loyalty among your audience. Image via Google Gemini This article, "7 Inspiring Examples of Brand Community You Can Learn From" was first published on Small Business Trends View the full article

Chinese AI group has worked with Huawei to cut reliance on Nvidia chipsView the full article

Judge rules Virginia does not have right to restrict ‘minors’ access to constitutionally protected speech’ View the full article

This comment section is open for any non-work-related discussion you’d like to have with other readers, by popular demand. Here are the rules for the weekend posts. Book recommendation of the week: The Uncoupling, by Meg Wolitzer. After the local high school performs Aristophanes’ play Lysistrata, in which women decide to deny men sex in order to pressure them to end a war, the town’s local women pick up the habit themselves. (Amazon, Bookshop) * I earn a commission if you use those links. The post weekend open thread – February 28-March 1, 2026 appeared first on Ask a Manager. View the full article

Managing inventory is critical whether in manufacturing, retail, construction or any industry that lives and dies by having the right resources when needed. An inventory template is a structured tool that helps record, manage and track inventory items. Using an inventory list template helps managers avoid inaccurate records, poor demand forecasting, overstocking and stockouts. Download any of the free inventory sheet templates below to analyze inventory metrics and adjust quickly to market changes. 1. Inventory Template for Excel Built for flexibility, this inventory template works across industries and operational setups. Whether you’re managing raw materials for manufacturing, tracking finished goods for retail, organizing spare parts for maintenance or monitoring supplies for a construction project, it centralizes stock data in one structured spreadsheet. You can monitor inventory levels, calculate total inventory value, identify reorder points and reduce stockouts without needing specialized inventory management software. /wp-content/uploads/2026/02/Free-Inventory-Template-for-Excel-1600x517.png Inventory item name: Clearly identifies each product, material or component so teams avoid confusion when tracking stock movements and updating inventory records. Inventory item description: Provides additional specifications such as size, model, category or usage to distinguish similar items and support accurate inventory control. Location: Indicates the warehouse, storage room, shelf or job site where the item is physically stored for faster retrieval and audits. Unit of measurement: Defines how the item is counted, such as pieces, boxes, kilograms or liters, ensuring consistent stock tracking. Quantity in stock: Shows current inventory levels available for use or sale, helping prevent shortages and unexpected stockouts. Unit price / Total inventory price: Captures cost per unit and automatically calculates total inventory value for budgeting and financial reporting. Last restock date: Records the most recent replenishment date to monitor supplier performance and inventory turnover rates. Reorder level / Time / Quantity: Establishes minimum stock thresholds, supplier lead times and optimal reorder quantities to maintain supply continuity. Supplier: Lists the vendor responsible for providing the item, simplifying procurement tracking and future purchase orders. However, this isn’t a perfect solution. Templates can track inventory and costs, but they must be manually updated. This means that someone has to do that job and the template won’t be updated. It will always lag, which can cause problems. Project management software can solve those problems. ProjectManager is award-winning project and portfolio management software that is online. It delivers real-time data to show what’s in stock and alert managers when to restock. Our software has multiple project views for everyone on the team, but managers will gravitate to the sheet view to track purchases, costs, inventory and more in real time. Get started with ProjectManager today for free. /wp-content/uploads/2024/05/inventory-management-manufacturing-sheet-light-mode-cta.jpgLearn more 2. Inventory Template for Google Sheets Structurally, this Google Sheets inventory template mirrors the inventory template for Excel, using the same fields and calculations for inventory tracking and stock management. The difference shows up in how teams use it. Because it runs in Google Sheets, multiple users can update quantities, adjust reorder levels and review inventory data simultaneously. Changes sync in real time, which improves visibility across departments and supports faster purchasing decisions without emailing spreadsheet versions back and forth. /wp-content/uploads/2026/02/Free-Inventory-Template-for-Google-Sheets-1600x451.png Control over user access is another major advantage. With Google Sheets, you decide exactly who can view, comment or edit the inventory spreadsheet, which reduces the risk of accidental changes to inventory data. Warehouse staff can update stock quantities, purchasing teams can modify reorder points and executives can review inventory reports in view-only mode. This permission-based access keeps inventory control organized while still allowing real-time collaboration across departments. 3. Stock Register Template At its core, a stock register is a structured log that records every movement of inventory entering and leaving a business. Manufacturing companies, construction firms, retail operations and warehouse-based distributors rely on a stock register to maintain accurate inventory levels and prevent stock discrepancies. Unlike basic inventory lists, a stock register tracks transactions over time, showing how purchases, issues and returns affect available stock. Among inventory templates, this format is especially valuable for businesses that manage high-volume materials or operate multiple storage locations. /wp-content/uploads/2025/11/Stock-Register-Format.png What makes this stock register template practical is how it connects item data with real transaction activity. The top section captures company details, location and approval information, while the item descriptions define SKU codes, units of measurement and reorder thresholds. Below that, transactional data logs purchase and issue entries with dates, reference numbers and suppliers. Each transaction automatically updates running stock quantities, unit costs and closing stock value, giving managers real-time visibility into inventory movement, stock valuation and purchasing needs. 4. Stock Sheet Template Unlike a detailed stock register that logs every transaction, a stock sheet provides a clear snapshot of current inventory levels in a simple, row-based format. Small to mid-sized businesses, retail stores, hardware suppliers and warehouse teams often use a stock sheet to monitor available quantities without diving into full transaction histories. It focuses on what is currently on hand, where it is stored and how much it is worth. /wp-content/uploads/2025/08/Stock-Sheet-Template-1.png This stock sheet template organizes inventory by item name, category, SKU and supplier, making it easy to identify materials across locations. Opening stock, stock in and stock out columns calculate closing stock automatically, helping teams maintain accurate inventory levels. Unit cost and total value fields support inventory valuation and budget tracking, while reorder level thresholds flag when replenishment is required. Because everything appears in one structured grid, managers can quickly review stock movement, detect discrepancies and plan procurement without reviewing separate transaction logs. 5. Equipment Inventory Template Not all inventory is the same. While there are many types of retail stock or components used in manufacturing, equipment must be recorded and tracked. Depending on the business, equipment inventory can be IT-related, such as computers, printers, etc., and construction and manufacturing businesses might have heavy equipment to keep track of. Either way, this free inventory template will help manage equipment and cover everything from serial numbers to loan payments. /wp-content/uploads/2022/12/Equipment-inventory-template-screenshot-updated.png Download this free equipment inventory template for Excel for a more thorough inventory of equipment, but also track those assets to know what’s available and if there are any inventory gaps. Don’t let equipment costs throw the budget into disarray and cause project cost overrun. This inventory list template tracks costs, letting managers know when old equipment needs to be replaced before it malfunctions and causes work slowdowns. Use the inventory template to schedule maintenance to keep equipment running as it should to avoid breakdowns and delays that can impact the budget. Keep employees accountable by always knowing who is working on what based on sign-outs and usage. 6. Material List Template Before work begins on a job site or production run, teams need a structured breakdown of required materials. A material list outlines every component, quantity and specification necessary to complete a project. Construction contractors, engineering teams and manufacturing operations use material lists to estimate costs, coordinate procurement and prevent delays caused by missing supplies or inaccurate quantity calculations. /wp-content/uploads/2026/01/Material-list-template.png Designed to support planning and purchasing, this material list template organizes materials by description, grade or specification and trade category. Required quantities, unit cost and total cost fields help calculate accurate project budgets, while supplier details and required delivery dates improve procurement scheduling. Delivery location and storage requirements ensure materials are handled correctly once received, giving project managers stronger control over cost forecasting, logistics coordination and on-site inventory readiness. 7. Material Requisition Form When materials are needed on-site or in production, teams don’t simply pull items without documentation. A material requisition formally requests specific materials from inventory for operational use. Construction companies, manufacturing plants and maintenance departments rely on material requisitions to control internal inventory movement, prevent unauthorized withdrawals and maintain accurate stock levels while keeping projects aligned with their schedule and resource plan. /wp-content/uploads/2025/09/Material-Requisition-Form.png Structured for accountability, this material requisition template captures company details, request dates and approval signatures before any material is released. Item codes, descriptions, required quantities and needed-by dates connect each request to a specific location and priority level. Supplier references and delivery instructions clarify logistics, while approval tracking ensures oversight. By documenting internal material transfers, teams protect inventory accuracy and reduce stock discrepancies. 8. Purchase Requisition Form Before money is committed to a supplier, organizations typically require formal internal approval. A purchase requisition is a documented request asking management or procurement to authorize buying specific goods or services. Medium to large businesses, government agencies and structured operations use purchase requisitions to enforce budget control, maintain procurement policies and ensure purchasing decisions align with financial planning. /wp-content/uploads/2025/04/purchase-requisition-form-600x565.png Designed to streamline approval workflows, this purchase requisition template records request dates, priority level and delivery deadlines at the top for quick visibility. Requestor and approver information creates clear accountability, while the justification section explains the business need. Item details, quantities, unit pricing and vendor fields provide cost transparency. Subtotal, tax and discount calculations summarize financial impact before approval is granted. 9. Production Schedule Template In manufacturing, production and inventory go hand-in-hand. Production scheduling requires the inventory it needs when it needs it, and inventory must have those items in stock to keep the facility running without interruption. Therefore, this free production schedule template for Excel is an important companion piece to all the inventory templates that can be downloaded from this page. /wp-content/uploads/2021/03/Master-Production-Schedule-Screenshot.jpg This free production schedule template for Excel ensures that manufacturers have the materials they need, scheduled for the production cycle to meet customer demand. Use this inventory template to balance supply with demand when producing any commodity. It tracks the product as it moves through the production cycle over a specific period with the flexibility to respond to fluctuations in demand and set up stock to avoid stockouts. A production schedule template is a vital part of any supply chain management. It manages resources, helps the sales team deliver goods to customers as needed and allows managers to make accurate and realistic production plans. Amid production planning, this free template manages the means to track targets, manage deliveries and allocate both human and nonhuman resources. 10. Bill of Materials Template A bill of materials is used in manufacturing to list what’s needed to assemble a product. It’s connected to inventory in that those items must be in stock when production needs them. Therefore, this free bill of materials template for Excel is an essential inventory tool as it acts as an instruction manual to help production and inventory avoid delays and waste in the production cycle. Download this important inventory template to help with estimates, planning and inventory control. /wp-content/uploads/2023/03/bill-of-materials-template.jpg Use this inventory list template to identify all the pieces needed to create the final project in an assembly line. The bill of materials isn’t solely an instruction manual for the product, but it addresses packing, as it relates to how the product will be shipped or even used. The template lists the quantities and costs of each component and can be used to communicate the procurement process and assemble and even repair the product. This will add efficiency to the supply chain and ensure materials are on hand when needed. Without a bill of materials, there can be delays or extra costs in warehousing. Manage production costs and inventory and streamline production all with one template. 11. Purchase Order Template Inventory requires the procurement of components, raw materials and more. A purchase order streamlines that process by reducing confusion and providing a paper trail for legal purposes, if necessary. This free purchase order template for Excel is a contract between the buyer and seller. It’s legally binding, outlining the price, quantity, delivery window and terms of payment for an item. /wp-content/uploads/2021/03/Purchase-Order-Screenshot.jpg This inventory template creates an agreement between buyer and seller and can be used in almost any type of business, especially manufacturing and construction project management that require materials on time and purchased at a price point that fits into their budgets. Using a purchase order template saves time in the procurement process. It is legally binding, which is important when materials need to be delivered within a specific timeframe, but it’s also a communication tool allowing the buyer and seller to find common ground, which helps to avoid problems later when they can delay projects and threaten the budget. 12. Sales Order Template Vendors prepare this commercial document for customers, which is called a sales order. This free sales order template for Excel confirms the sale, including details about the transaction, payment, delivery and more. As an inventory template, it can be used in industries as diverse as retail, supply, wholesale and manufacturing. /wp-content/uploads/2024/03/sales-order-template-screenshot.png This inventory template allows vendors and customers to keep accounts orderly. It also helps with inventory management by being able to know what orders need fulfillment before being shipped. This prevents backorders and optimizes the procurement process. This inventory list template has everything needed to create a legally binding and useful sale order. It has customer and vendor information. There’s a sales order number to track the order and space for the delivery address and when the items should be delivered. Feel free to add payment terms, shipping methods and much more. ProjectManager Manages Inventory Better Than Templates Inventory templates are helpful to a point. They can start a process, but not see it through to the end. That’s because they’re static documents that must be manually updated and are not designed for collaboration. Even Google Sheets, which are collaborative, aren’t inventory management software. They’re just online spreadsheets. Don’t run projects on spreadsheets, not when there is project management software. Upgrade to ProjectManager, an award-winning project and portfolio management software that helps managers plan, manage and track inventory in real time. Manage and Track Inventory With Kanban Boards Inventory templates can sync with production schedules to ensure materials are on hand when workers need them on the assembly line. Our software has multiple project views so if a production schedule is created on the Gantt chart or sheet view, the production floor crew can view it on kanban boards. These visualize workflow as tasks move from one stage of production to the next. Workers can manage their jobs, but managers get transparency into the process and can ensure that resources are available when needed. /wp-content/uploads/2024/04/Kanban-task-card-moving-manufacturing-order-management-light-mode.png Keep Track of Resources in Real Time When a baseline is set on the Gantt chart or sheet view, it captures the production plan. Now the software can compare planned costs, time and resources to actual progress, spending and resource utilization in real time. Managers can get a high-level view with real-time project and portfolio dashboards, where live data is displayed on easy-to-read graphs and charts that show time, cost, workload and more. Customizable reports go deeper into that data and can be filtered to share more general information to keep stakeholders informed. Templates can’t do that. /wp-content/uploads/2022/07/Dashboard-light-mode.jpg Related Inventory Content Inventory templates only scratch the surface of inventory management. For those who can’t get enough of this subject, here are recent posts that cover equipment inventory, warehouse optimization and more. Equipment Inventory: A Quick Guide Kanban Inventory Management Production Scheduling Basics How to Make a Production Order for Manufacturing Warehouse Optimization: Importance, Benefits & Tips How to Run Efficient Warehouse Operations ProjectManager is online project and portfolio management software that connects teams whether they’re in the office or on the production floor. They can share files, comment at the task level and stay updated with email or in-app notifications. Join teams from Avis and Nestle to Siemens who use our software to deliver successful projects. Get started with ProjectManager today for free. The post 12 Free Inventory Templates for Excel and Google Sheets appeared first on ProjectManager. View the full article

Co-founder of private capital giant stands to make more than $1bn each year from dividends View the full article

We may earn a commission from links on this page. I’ve been tracking my sleep and recovery with the Oura ring for nearly five years now, and today I’ll share with you several of my favorite and most-overlooked features—including one feature you should turn off, and one feature you can use even if your subscription is expired. Oura Ring 4 $499.00 at Amazon Get Deal Get Deal $499.00 at Amazon Turn off blood oxygen sensing to save batteryThe Oura ring uses significantly more battery with blood oxygen sensing turned on. It may make sense to use this feature if you have a specific health concern, but most of us don’t need it on a daily basis. You’ll find Blood Oxygen Sensing under the hamburger menu, and can turn it off from there. You’ll lose the “average blood oxygen” and “breathing regularity” metrics, but you’ll gain an extra day or so of battery life. Sync workouts so you don’t have to log them all with your ringI’ve said it before and I’ll say it again: the Oura ring is not a great workout tracker. Wearing the ring interferes with weightlifting workouts and it doesn’t have enough precision to seriously track other workouts like running. Oura is a great companion to other workout apps, though. If you track workouts with another device or even with a phone app like Apple’s Fitness app, you can make sure those workouts get synced properly so they show up in your Oura timeline. Go to Settings, and then to Apple Health (iPhone) or Health Connect (Android). Turn on those integrations from there. Tag auto-detected workouts (and laugh, if appropriate)Aside from synced workouts, Oura will automatically detect workouts it thinks you’re doing. You’ll then see a card asking you to label the workout. Don’t just ignore those cards—Oura learns from your tags. So if you went for a walk, make sure that activity is tagged as a walk. But sometimes it will tag another activity as a workout when it actually wasn’t. I’ve seen hair brushing and yarn winding tagged as various forms of exercise. Take a look at the time the activity was logged, and think back to what you were actually doing at the time. (You can dismiss the activity if it wasn’t a workout or isn’t something you care to track.) Consider the charging caseThe Oura ring only needs to be charged once or twice a week, but that means it’s hard to get into a routine of charging it regularly. I found that the perfect balance was charging it while I’m at the gym; some people prefer to charge while they’re in the shower. Short top-ups every few days are ideal for battery health. (Daily charging is arguably too much; only charging when the battery is dead is probably too little.) Oura recommends keeping the battery between 25% and 80% most of the time, if you can. So figure out where and when is most convenient to charge, and keep a charger there. That’s why the charging case is convenient—you can carry it in your gym bag, for example. Unfortunately it costs an extra $99 to buy the charging case, but nobody ever said owning an Oura ring is cheap. Check the ring's tags and trendsThe Trends item in the hamburger menu is one of Oura’s best hidden features. Tap it and you’ll be able to see things that have changed over the past several weeks. For example, as I’m writing this, I can see that my resting heart rate has improved over the past 8 weeks, getting back to my “baseline” after some time in which it was higher than normal. If you’ve been diligent about tagging behaviors and lifestyle factors, you can see their effects on your readiness, sleep, activity, or stress. For example, I’m curious whether my mood is better when I take a vitamin D supplement in the winter. Mood isn’t one of the items that Oura tracks, but I can tap Trends and then choose from Stress or Sleep or even Activity (all things that suffer when I’m feeling down) and see whether the days I tagged “vitamins” tend to correlate with higher or lower levels. Log meals without tracking caloriesMeal tracking was introduced as a companion to glucose tracking, but you don’t need to track your glucose to use the meals feature. Log your meals (you can even snap a picture of your plate) and Oura will give you feedback on how healthy the meal is, and keep track of whether you’re eating on a regular schedule or not. Calorie tracking is not involved. In fact, if you’d rather keep calories out of your Oura app entirely, check out the next item. Adjust your activity goalOura will give you an activity goal each day, usually a certain number of calories. If you feel your goals are too ambitious (or not ambitious enough), go to the Activity screen and select Edit activity goal. You can choose a different goal, and you can also choose whether you’d like to see this goal in calories or in steps. If you want to avoid seeing calories anywhere in the app, there’s a toggle for that. On the same screen, select Calorie opt out. This sets your target to steps and ensures that calorie mentions anywhere else in the app will be hidden. You can also access the calorie opt out from Settings and then Activity. Use Rest Mode for travel, menstrual cycles, and moreOura has a Rest Mode setting that is intended for when you’re sick or recovering from an injury. (Oura may even prompt you to turn it on if your data indicates you may not be feeling well.) But it’s useful for more than just that. Rest Mode pauses your goals, and stops giving you readiness scores. It’s great for any time you don’t want the app to bother you about what you should be doing. I’ve seen Oura users say they use it for days of their menstrual cycle when they aren’t feeling up to their usual activity; it’s also useful for travel when you know you’ll be stuck in a car or airplane all day, or when your sleep will suffer due to jet lag. Use Labs to participate in studies (and get a sneak peek at new features)If you like to beta test new features, check out the Labs item in the hamburger menu. The offerings will change from time to time, but often they are new features in the making. Right now, the only offering I see is a blood pressure profile study, in which Oura is collecting data to hopefully offer blood pressure estimates in the app in the future. When I signed up for this, I had to fill out a questionnaire and sign a research consent. (Not all Oura Labs items are studies, but they can be.) I can see that Oura thinks I probably don’t have hypertension (correct) and that it’s basing that in part on my good resting heart rate and activity level. Other Oura features like meal tracking and Symptom Radar first made their appearances in Labs. Download your data from the cloudThis is one of Oura’s lesser-known features: a web dashboard where you can view long-term trends, and a “membership hub” where you can download all your data. This spreadsheet download is available even if you don’t have an active subscription, but you do need a subscription for the trend viewer and for all of the software features I mentioned above. For the web viewer, go to cloud.ouraring.com. Here, if you click on Trends, you can see all your data—five years’ worth, for me. You can even compare two variables and see a calculation that shows if they’re correlated. My sleep score and total sleep time are highly correlated; my HRV and sleep time are not. To download CSV spreadsheets of your data (with or without a subscription), go to the membership hub and sign in. Select Export data and then Request your data. You’ll get a zip file filled with spreadsheets you can analyze to your heart’s content. View the full article

It’s no secret that Flavor Flav loves the Olympics. The rapper and Public Enemy member has become one of the loudest supporters of women’s sports in the past few Olympic cycles. He is the official hype man and a sponsor for USA Water Polo. In October 2025, he announced he was bringing the hype to the Winter Olympics as a sponsor for USA Bobsled and Skeleton. Now, after the USA women’s hockey team declined a perfunctory invitation to the State of the Union address after President Donald The President shared a chummy locker room phone call with the men’s team—in which they laugh at the prospect of the women’s gold medalists attending—Flav is once again stepping up. He’s invited the women’s Winter Olympic and Paralympic medalists to Las Vegas for a weekend of celebration this summer, bringing on MGM Resorts, The Gist, and more sponsors for the three-day “She Got Game” weekend. What to know After the women’s Olympic hockey team—which won gold in overtime against Canada in Milan—skipped the State of the Union address, Flavor Flav was quick to issue a public alternative invitation on social media, offering up a celebratory trip to Las Vegas. A post on X on Thursday confirmed the She Got Game weekend will be held July 16-19 in collaboration with MGM Resorts and women-led sports media brand The Gist. Flavor Flav’s vision for the weekend is all about building up the Olympic and Paralympic women medalists. His posts promise nice dinners, concerts, shows, and a big party—all to support women’s sports. His message was initially for the women’s hockey team, but quickly expanded to all women’s medalists. More than 100 attendees have confirmed their involvement, according to Flavor Flav’s spokesperson. Other brands were equally eager to jump on the opportunity. Alaska Airlines replied to the original post, saying “Let’s talk.” Visit Las Vegas responded, extending an offer to every Team USA athlete who medaled. (Six of the 10 individual gold medalists for Team USA were women, and women won over 50% of the U.S.’s historic 33 total medals.) What brands are doing The Gist and MGM Resorts are official partners of the event. The Gist broke the story on its social media and has been posting updates as the event planning continues. StubHub was one of the first brands to show support, offering to be a platform for tickets to shows and live events. “We believe in the power of live experiences to bring people together and shine a spotlight on inspiring talent,” a spokesperson told Fast Company in an email. StubHub is still working through the details of their support of the weekend, the company said. Woman-owned beauty brand Megababe has committed to donating 1,000 Megababe products to girls’ and young women’s hockey leagues. Founder Katie Sturino saw supporting the She Got Game weekend as a natural fit for the company. “Megababe is all about helping women feel comfortable and confident in their bodies, especially in spaces where they haven’t always been centered,” she told Fast Company in a statement. Also onboard is Lyft, which has said it will provide ride codes to help transport athletes around Las Vegas. A Lyft spokesperson told Fast Company in an email, “When we saw what Flavor Flav was doing with She Got Game, we loved the energy—using his platform to shine a genuine, joyful light on women’s sports.” View the full article

The public outcry over artificial intelligence has largely focused on what it could mean for the average worker. Entry-level jobs in sectors like tech and finance have already been impacted by the rise of AI. And while economists have said the claims of workforce disruption are overblown at the moment, some companies are, in fact, making major cuts to their workforces in the name of AI. Just this week, Block CEO Jack Dorsey cut 40% of head count at the fintech company, citing efficiency gains from its adoption of AI tools. But it’s not just rank-and-file workers whose jobs may be on the line. As CEOs tout the vast potential of AI—and make cuts to their workforces accordingly—many of them have suggested that they could be out of work soon, too. In a podcast interview this week, Uber CEO Dara Khosrowshahi disclosed that some of his employees had built what they called “Dara AI,” an AI-generated approximation of their boss. “They basically make the presentation to the Dara AI as a prep for making a presentation to me,” Khosrowshahi shared on entrepreneur Steven Bartlett’s podcast The Diary of a CEO. “Are you concerned they might show Dara AI to the board?” Bartlett quipped. To which Khosrowshahi laughed and argued that AI was still “missing a beat” and could not yet replicate the “ability to learn in real time.” But when that changes, he said, “that is the point at which I’m going to think, yeah, we are all replaceable.” Khosrowshahi might not be convinced that AI can supplant him just yet—but he’s not the only CEO who sees a future where that might be the case. “Shame on me if OpenAI is not the first big company run by an AI CEO,” Sam Altman said on the Conversations with Tyler podcast last year. He claimed to often think about what would enable an AI CEO “to do a much, much better job of running OpenAI than me?” At a conference last week, Altman doubled down on this idea. “AI superintelligence at some point on its development curve would be capable of doing a better job being the CEO of a major company than any executive—certainly me,” he said at the AI Impact Summit in New Delhi. Alphabet CEO Sundar Pichai has suggested a CEO’s job might be relatively simple in the hands of AI. “I think what a CEO does is maybe one of the easier things maybe for an AI to do one day,” he told the BBC a few months ago. Within the next year, Pichai said, AI will be able to perform more complex tasks autonomously. It’s not clear whether CEOs genuinely believe that their jobs could be replaced in the near future, or if this is largely another attempt to convince workers that it’s time to get on board with AI. After all, there is a huge disconnect between how tech leaders and CEOs talk about AI and what workers seem to feel: In 2025, a report from the Pew Research Center found that only about 17% of Americans expected AI to have a positive effect overall, while 43% said they anticipated being personally harmed by the technology. Then again—it may not be an easy adjustment for every CEO, even among the most vocal AI evangelists. Klarna CEO Sebastian Siemiatkowski has been outspoken about AI adoption and has cut his company’s workforce in half over the last three years, in part by relying more heavily on AI (to varying results). He was less optimistic, however, about a world in which his role might cease to exist. “To me, AI is capable of doing all our jobs, my own included,” he said in a post on X last year. “I am not necessarily super excited about this. On the contrary, my work to me is a super important part of who I am, and realizing it might become unnecessary is gloomy. But I also believe we need to be honest with what we think will happen.” View the full article

My best friend messaged me on Facebook Messenger. It wasn’t urgent, so I swiped the notification away, making a mental note to reply later. Ten minutes later, Facebook sends another notification. “Reminder: [My friend] sent you a message.” This is clingy, even for Facebook. And it’s not the only app increasingly desperate for any crumb of attention. In just the last couple months, I’ve personally gotten dozens of what I can only call desperation notifications. Push alerts from apps that don’t really need anything, but would really like it if I gave them some attention anyway. These include, but are not nearly limited to, the following: The Disney+ app let me know that because I watched The Simpsons, I might be interested in watching The Simpsons Movie (which I also recently watched). Discord informed me that someone in a server I'm also in updated their status, which is, I guess, a thing you can do in Discord. Venmo would like me to know I can fund my Kalshi account with my Venmo balance. (I do not and will never have a Kalshi account.) Reddit began sending push alerts for news stories from communities I wasn’t subscribed to and had never visited. Duet sent an aggressive half-dozen notifications within 15 minutes of closing the app, including multiple alerts that read “She just likes you.” Which is a surprisingly exasperated tone for a dating app. GrubHub asked me if I wanted to order food, precisely five minutes after I ordered food. Some of these are obviously just advertisements disguised as alerts—its own annoying problem—but just as many seem to be little more than a reminder that an app exists. And if you could please open the app and boost its engagement numbers, that would be great. Are app notifications really getting worse? Wow, I hadn't thought of that, thanks Disney+. Credit: Lifehacker While it’s always hard to quantify vibes-based annoyances, there’s at least some data to back up the idea that companies are getting increasingly desperate for your notification attention. According to a 2025 analysis from the Reuters Institute for the Study of Journalism, news publishers have increasingly relied on push notifications to reach their audiences, as a way to avoid relying too much on platforms like Google or social media apps. However, this bid for direct attention comes at a cost—and in the midst of an arms race with platforms. According to the Reuters report, 79% of respondents don’t get any news alerts at all, and 43% of those are because users actively disabled the notifications. Worse yet, iOS and Android have both experimented with questionably reliable AI summaries of notifications, making them even more annoying to deal with. This report only examines one small segment of the notifications you might sift through on any given day, but it’s instructive of a broader trend. We increasingly live in an attention economy, where seemingly unrelated industries are in competition for your eyeballs. Which is how you end up with companies like Netflix investing in video games, or the video game industry competing with gambling sites and porn. In that context, your notifications become the frontline in the battle for your attention. No, it doesn’t take a genius to know that someone who watched The Simpsons might be interested in watching The Simpsons. But if a quick notification can remind me to watch more of the show today, rather than play more Pathologic 3, that’s a win for Disney. And any win is going to be worth it to most companies right now. Broadly speaking, the economy isn’t doing so hot. So, if a company can do something to show that engagement in their app went up by even 5%, they likely will. And sending more notifications is generally one of the cheaper and easier ways to juice internal numbers. How to decrease app notification spam Credit: Lifehacker There’s at least one silver lining to the whole notification arms race problem: There are a lot of tools available to help get your alerts under control. Some are baked right into your phone’s OS, but there are also third-party tools you can use to enforce some peace and quiet. Here are some of the best options available. Use your phone’s OS-level settings to manage notificationsBoth major smartphone platforms have pretty robust tools to dictate what kind of alerts you can receive, and how disruptive they can be. We have full guides on tools for managing your Android and iOS notifications, but even if you don’t want to dive too deep into your phone’s settings, you can slowly whittle away the most annoying alerts as you receive them. On Android, you can long-press a notification in your shade to find options to tweak or suppress the alerts. Most notifications can be sorted into either Priority, Default, or Silent, which behave differently depending on your default settings. You can also tap the Settings gear icon to dive into the app’s specific notification settings to disable categories of alerts. These will vary by app, but in many cases you can disable things like advertisements or news alerts without turning off messages you actually care about. On iOS, you can find similar tools by swiping on a notification and tapping Options. Here, you’ll find quick shortcuts to do things like mute notifications from an app for a short period of time, or jump to more in-depth settings to disable categories of notifications. In my experience, it’s often easier to tweak these settings whenever I receive a particularly annoying alert, rather than audit all my notification settings at once. Explore each app’s notification settingsMost apps have their own category of notification settings that can be adjusted individually. In some cases, these can overlap with the same settings you’ll find using the above method, but just as often, you’ll find a lot more toggles that don’t. Though, some apps are shadier than others in terms of how easy it is to find these settings. For one instructive example, in the Reddit app, you can navigate to Settings > Account Settings > Manage notifications to find a lengthy list of possible alerts you can receive. That’s already pretty buried, but if you sign into the app with multiple accounts, you’ll need to go through this process for each account you’re signed into. Otherwise, notifications you turned off for one account might still pop up via another. Most apps aren’t quite this chaotic, but it can still be annoying to dig through all the tedious menus. In some cases, this might be your only option, though. On Android, Reddit only has one notification category using the previous method, meaning you can only turn all notifications on or off at once. So, if you’re not finding the tools you need to selectively mute certain alerts in the OS-level settings, it might be worth digging through the app’s menus. When all else fails, use third-party toolsIt shouldn’t really be necessary to install an app just to get other apps to shut up, but if we must, then we must. BuzzKill, for Android, is a simple $4 app that gives you more robust tools to filter, manage, or suppress notifications than any of the built-in notification management settings. What sets BuzzKill apart is that, on top of filtering notifications by which app is sending them, it can also filter alerts by things like words they contain, whether they have an image attached, or whether they’re part of a group chat. So, if you want to keep getting news alerts, but you’re just sick of hearing about that one guy who’s always in the headlines for some reason, you can selectively filter those out. Unfortunately, this one’s likely to stay Android only, as iOS generally keeps apps in tighter sandboxes. BuzzKill needs to be able to read notifications from other apps in order to filter them, and that’s not something iOS generally allows apps to do. So, if you’re in the Apple ecosystem, you’ll have to stick with built-in tools for now. More broadly, it also can’t hurt to let app developers know when you’re annoyed by their incessant pings. Companies might try to boost their engagement by testing how much they can poke your attention span before you turn them off (or uninstall the app) entirely. But turning off unnecessary alerts can send a signal that they’ve gone too far in the wrong direction. Sending feedback reports, where possible, can potentially send an even stronger signal. View the full article

MBS numbers at both soared in January, when The President directed the enterprises to accumulate more bonds, but a decline in loans shrunk Freddie's total number. View the full article

New York is seeking $21 billion in federal grants for a construction project at Sunnyside Yard, which would allow the city to build 12,000 new affordable homes. View the full article