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Welcome to AI Decoded, Fast Company’s weekly newsletter that breaks down the most important news in the world of AI. I’m Mark Sullivan, a senior writer at Fast Company, covering emerging tech, AI, and tech policy. This week, I’m focusing on how and why AI will grow from something that chats to something that works in 2026. I also focus on a new privacy-focused AI platform from the maker of Signal, and on Google’s work on e-commerce agents. Sign up to receive this newsletter every week via email here. And if you have comments on this issue and/or ideas for future ones, drop me a line at sullivan@fastcompany.com, and follow me on X (formerly Twitter) @thesullivan. Our relationship with AI is changing rapidly Anthropic kicked off 2026 with a bang. It announced Coworker, a new version of its powerful Claude Code coding assistant that’s built for non-developers. As I wrote on January 14, Coworker lets users put AI agents, or teams of agents, to work on complex tasks. It offers all the agentic power of Claude Code while being far more approachable for regular workers (it runs within the Claude chatbot desktop app, not in the terminal as Claude Code does). It also runs at the file system level on the user’s computer, and can access email and third-party work apps such as Teams. Coworker is very likely just the first product of its kind that we’ll see this year. Some have expressed surprise that OpenAI hasn’t already offered such an agentic tool to consumers and enterprises—it probably will, as may Google and Microsoft, in some form. I think we’ll look back at Coworker a year from now and recognize it as a real shift in the way we think about and use AI for our work tasks. AI companies have been talking for a long time about viewing AI as a coworker or “copilot,” but Cowork may make that concept a reality for many nontechnical workers. OpenAI’s ChatGPT, which debuted in late 2022, gave us a mental picture of how consumer AI would look and act. It was just a little dialog box, mainly nonvisual and text-based. This shouldn’t have been too surprising. After all, the chatbot interface was built by a bunch of researchers who spent their careers teaching machines how to understand words and text. Functionally, early chatbots could act like a search engine. They could write or summarize text, or listen to problems and give supportive feedback. But their outputs were driven almost entirely by their pretraining, in which they ingested and processed a compressed version of the entire internet. Using ChatGPT was something like text messaging with a smart and informed friend. Large language models do way, way more than that today. They understand imagery, they reason, they search the web, and call external tools. But the AI labs continue to try to push much of their new functionality through that same chatbot-style interface. It’s time to graduate from that mindset and put more time and effort into meeting human users where they live—that is, delivering intelligence through lots of different interfaces that match the growing number of tasks where AI can be profitably applied. That will begin to happen in 2026. AI will expand into a full workspace, or into a full web browser (à la OpenAI’s Atlas), and will eventually disappear into the operating system. As we saw at this year’s Consumer Electronics Show, it may go further: An AI tool may come wrapped in a cute animal form factor. Interacting with AI will become more flexible, too. You’ll see more AI systems that accept real-time voice input this year. Anthropic added a feature to (desktop) Claude in October that lets users talk to the chatbot in natural language after hitting a keyboard shortcut. And Wispr Flow lets users dictate into any input window by holding down a function key. Signal creator Moxie Marlinspike launches encrypted AI chatbot People talk to AI chatbots about all kinds of things, including some very personal matters. Personally, I hesitate to discuss just anything with a chatbot, because I can’t be sure that my questions and prompts, and the answers the AI gives, won’t somehow be shared with someone who shouldn’t see them. My worry is well-founded, it turns out. Last year a federal court ordered OpenAI to retain all user inputs and AI outputs, because they may be relevant to discovery in a copyright case. And there’s always a possibility that unencrypted conversations stored by an AI company could be stolen as part of a hack. Meanwhile, the conversational nature of chatbots invites users to share more and more personal information, including the sensitive kind. In short, there’s a growing need for provably secure and private AI tools. Now the creator of the popular encrypted messaging platform Signal, who goes by the pseudonym Moxie Marlinspike, has created an end-to-end encrypted AI chatbot called Confer. The new platform protects user prompts and AI responses, and makes it impossible to connect users’ online identities with their real-world ones. Marlinspike told Ars Technica that Confer users have better conversations with the AI because they’re empowered to speak more freely. When I signed up for a Confer account, the first thing the site asked was that I set up a six-digit encryption passkey, which would be stored within the secure element of my computer (or phone), which hackers can’t access. Another key is created for the Confer server, and both keys must match before the user can interact with the chatbot. Confer is powered by open-source AI models it hosts, not by models accessed from a third party. Confer’s developers are serious about supporting sensitive conversations. After I logged in, I saw that Confer displays a few suggested conversations near the input window, such as “practice a difficult conversation,” “negotiate my salary,” and “talk through my mental health.” Google is building the foundations of agentic e-commerce Agents, of course, will do more than work tasks. They’ll be involved in more personal things, too, like online shopping. Right now human shoppers move through a long process of searching, clicking, data input, and payment-making in order to buy something. Merchants and brands hope that AI agents will one day do a lot of that work on the human’s behalf. But for this to work, a whole ecosystem of agents, consumer-shopping sites, and brand back-end systems must be able to exchange information in standardized ways. For example, a consumer might want to use a shopping agent to buy a product that comes up in a Google AI Mode search, so the shopping agent would need to shake hands with the Google platform and the product merchant, and they’d both have to connect through a payment agent in the middle. Google is off to a strong start on building the agentic infrastructure that will make this all work. On January 11, the company announced a new Universal Commerce Protocol (UCP) that creates a common language for consumers, agents, and businesses to ensure that all types of commerce actions are standardized and secure. The protocol relieves all parties involved from having to create an individual agent handshake for every consumer platform and tech partner. UCP now standardizes three key aspects of a transaction: It offers a standard for guaranteeing the identity of the buyer and seller, a standard for the buying workflow, and a standard for the payment, which uses Google’s Agent Payment Protocol (AP2) extension. Vidhya Srinivasan, Google’s VP/GM of Advertising & Commerce, tells Fast Company that this is just the beginning, that the company intends to build out the UCP to support more parts of the sales process, including related-product suggestion and post-purchase support. Google developed UCP with merchant platforms including Shopify, Etsy, Target, and Walmart. UCP is endorsed byAmerican Express, Mastercard, Stripe, Visa, and others. More AI coverage from Fast Company: Why Anthropic’s new ‘Cowork’ could be the first really useful general-purpose AI agent Governments are considering bans on Grok’s app over AI sexual image scandal Docusign’s AI will now help you understand what you’re signing CES 2026: The year AI got serious Want exclusive reporting and trend analysis on technology, business innovation, future of work, and design? Sign up for Fast Company Premium. View the full article

In 2025, employers cited artificial intelligence as the rationale for nearly 55,000 layoffs at companies like Amazon and Microsoft. And with the new year barely underway, we’re already seeing a new crop of AI-related job cuts. Citigroup is cutting over a thousand jobs, according to Bloomberg, and in a memo this week, CEO Jane Fraser warned of more layoffs later this year. “Over time, we can expect automation, AI and further process simplification to reshape how work gets done,” she added. Meanwhile, Meta is conducting more layoffs in its virtual reality division, cutting about 1,500 jobs as part of a broader strategic shift to invest further in AI. Given these reports, many observers have been quick to believe that workers are losing jobs to generative AI. But there is little evidence that automation is displacing workers en masse just yet—or even drastically changing how businesses operate. According to a recent analysis by the Brookings Institution and the Budget Lab at Yale University, the proportion of workers in jobs that are ripe for AI disruption has remained steady since ChatGPT launched in 2022. What’s more, there are all kinds of forces shaping the labor market right now, including changes in immigration policy that have curbed employment growth. “What we’re seeing overall right now is consistent with a labor market that has been hit with a lot of uncertainty in the macroeconomic environment,” says Martha Gimbel, executive director of the Budget Lab. “The immigration changes are making it really hard to interpret changes in the jobs numbers. And if you look for any signs of changes that seem to be due to AI, those are not yet showing up.” Still, a number of experts have pointed to AI adoption to explain the recent spike in labor productivity, which measures hourly worker output. In the third quarter of 2025, labor productivity climbed by 4.9%, the highest increase in two years. Some economists have speculated this is a sign that the growing adoption of AI across companies may in fact be boosting efficiency, despite the slow rate of hiring in 2025. But Gimbel argues productivity is too “noisy” a metric to accurately capture the impact of AI, particularly over just one quarter. “Productivity growth will be really high or really low in one quarter,” she says. “And if it fits their preferred narrative, people will jump on that.” A single quarter of high productivity should not be seen as a clear indicator of anything, she says, in part because labor productivity is imprecise and vulnerable to measurement error. That has been especially true in recent years because the pandemic threw a wrench in the system that is still being sorted out. “You had all these issues with productivity measurement in the pandemic because people largely fired low-wage workers who tend to be less productive,” Gimbel says. “So you saw this huge jump in productivity, and then it came back down as those people were hired back. Was there actually a change in productivity in the economy? No.” Research also shows that while AI might improve efficiency to some extent, it creates additional work that can hamper productivity. A new Workday report found that nearly 40% of the time saved by using AI is lost to rework; on average, workers spend 1.5 weeks annually correcting or otherwise fixing AI-generated content. As for whether AI is eliminating jobs, that’s not evident in jobs data just yet—and unemployment figures do not reflect any notable changes either. While the most recent jobs report does indicate a marked decline in employment across specific sectors, namely professional and business services, Gimbel says it’s too soon to say whether any of that is actually due to AI. She says it might take an economic downturn to really see that shift. “The place to start looking for the impacts of AI is when we have a recession,” she says. “That is usually when technological change really takes off.” All that said, Gimbel is closely watching sectors that have high adoption of AI, which includes not just tech, but also the arts and education. Even if concerns about AI usage in the workplace are overblown at the moment, workers will certainly start to feel the effects of it in the years to come. “It would be unusual for a new technology to have no impact on the labor market,” Gimbel says. “We just still need to find out how fast, and where.” View the full article

Today's Bissett Bullet: “In writing a proposal for a potential client, it serves us to remember that they want us to help them create history more than record it.” By Martin Bissett See more Bissett Bullets here Go PRO for members-only access to more Martin Bissett. View the full article

Today's Bissett Bullet: “In writing a proposal for a potential client, it serves us to remember that they want us to help them create history more than record it.” By Martin Bissett See more Bissett Bullets here Go PRO for members-only access to more Martin Bissett. View the full article

Iranians have not become monarchists — they are seeking anyone who can replace a despotic regime at war with its own peopleView the full article

I was born an only child, but now I have a twin. He’s an exact duplicate of me—down to my clothing, my home, my facial expressions, and even my voice. I built him with AI, and I can make him say whatever I want. He’s so convincing that he could fool my own mother. Here’s how I built him—and what AI digital twins mean for the future of people. Deepfake yourself From the moment generative AI was born, criminals started using it to trick people. Deepfakes were one of the first widespread uses of the tech. Today, they’re a scourge to celebrities and even everyday teenagers, and a massive problem for anyone interested in the truth. As criminals were leveraging deepfakes to scam and blackmail people, though, a set of white-hat companies started quietly putting similar digital cloning technologies to use for good. Want to record a training video for your team, and then change a few words without needing to reshoot the whole thing? Want to turn your 400-page Stranger Things fanfic into an audiobook without spending 10 hours of your life reading it aloud? Digital cloning tech has you covered. You basically deepfake yourself—cloning your likeness, your voice, or both—and then mobilize your resulting “digital twin” to create mountains of content just as easily as you’d prompt ChatGPT or Claude. I wanted to try the tech out for myself. So I fired up today’s best AI cloning tools and made Digital Tom—a perfect digital copy of myself. Hear me out I decided to start by cloning my voice. A person’s voice feels like an especially intimate, personal thing. Think back on a loved one you’ve lost. I’ll bet you can remember exactly how they sounded. You can probably even remember a specific, impactful conversation you had with them. Cloning a voice—with all the nuance of accent, speaking style, pitch, and breath—is also a tough technical challenge. People are fast to forgive crappy video, chalking up errors or glitchiness in deepfakes to a spotty internet connection or an old webcam. Content creators everywhere produce bad video every day without any help from AI! A bad AI voice sounds way creepier, though. It’s easier to land in the uncanny valley unless every aspect of a voice clone is perfect. To avoid that fate, I turned to ElevenLabs. The company has been around since 2022 but has exploded in popularity over the last year, with its valuation doubling to more than $6.6 billion. ElevenLabs excels at handling audio—if you’ve listened to an AI-narrated audiobook, interacted with a speaking character in a video game, or heard sound effects in a TV show or movie, it’s a good bet you’ve inadvertently experienced ElevenLabs’ tech. To clone my own voice, I shelled out $22 for a Creator account. I then uploaded about 90 minutes of recordings from my YouTube channel to the ElevenLabs interface. The company says you can create a professional voice clone with as little as 30 minutes of audio. You can even create a basic clone with just 10 seconds of speech. ElevenLabs makes you record a consent clip in order to ensure that you’re not trying to deepfake a third party. In a few hours, my professional voice clone was ready. Using it is shockingly easy. ElevenLabs provides an interface that looks a lot like ChatGPT. You enter what you want your clone to say, press a button, and in seconds, your digital twin voice speaks the exact words you typed out. I had my digital twin record an audio update about this article for my Fast Company editor. He described it as “terrifyingly realistic.” Then, I sent a clip to my mom. She responded, “It would have fooled me.” In my natural habitat I was extremely impressed with the voice clone. I could use it right away to spin up an entire AI-generated podcast, prank my friends, or maybe even hack into my bank. But I didn’t just want a voice. I wanted a full Digital Tom that I could bend to my will. For the next stage in my cloning experiment, I turned to Synthesia. I originally met Synthesia’s CEO Victor Riparbelli in 2019 at a photo industry event, when his company was a scrappy startup. Today, it’s worth $4 billion. Synthesia specializes in creating digital “Avatars”—essentially video clones of a real person. Just as with ElevenLabs, you can type text into an interface and get back a video of your avatar reading it aloud, complete with realistic facial expressions and lip movement. I started a Synthesia trial account and set about creating my personal avatar. Synthesia asked for access to my webcam, and then recorded me reading a preset script off the screen for about 10 minutes. A day later, my avatar was ready. It was a perfect digital clone of my likeness, right down to the shirt I was wearing on the day I made it and my (overly long) winter haircut. It even placed me in my natural habitat: my comfy, cluttered home office. As with my voice clone, I could type in any text I could imagine, and in about 10 minutes I would receive a video of Digital Tom reading it aloud. Synthesia even duplicated the minutiae of my presenting style, right down to my smile and tendency to look to the camera every few seconds when reading a script from the screen. If I recorded a video with Digital Tom for my YouTube channel, I’m certain most users would have no idea it’s a fake. The value of people My experiment shows that today’s AI cloning technology is extremely impressive. I could easily create mountains of audio content with my clone from ElevenLabs, or create an entire social media channel with my Digital Tom as the star. The bigger question, though, is why I’d want to. Sure, there are tons of good use cases for working with a digital twin. Again, Synthesia specializes in creating corporate training videos. Companies can rapidly create specialized teaching materials without renting a studio, hiring a videographer, and shooting countless takes of a talking head in front of a green screen. They can also edit them by altering a few written words—for example, if a product feature changes subtly. For their part, ElevenLabs does a brisk business in audiobooks and customer service agents. But they also provide helpful services, like creating accessible, read-aloud versions of web pages for visually impaired users. But my experiment convinced me that there are fewer good reasons to work with your digital twin. In an internet landscape where anyone can spin up a thousand-page website in a few minutes using Gemini, and compelling videos are a dime a dozen, thanks to Sora, content is cheap. There are not many good ways left for users to sort the wheat from the chaff. Personality is one of the few remaining ones. People like to follow people. For creators, developing a personal relationship with your audience is the best way to keep them consuming your content, instead of cheaper (and often better) AI alternatives. Compromising that by shoving an undisclosed digital twin in their face, however convincing it might be, seems like the fastest possible way to ruin that relationship. People want to hear from the meat-based Thomas Smith, even if the artificial intelligence version never forgets a word or gets interrupted by his chickens mid-video. I could see using one of ElevenLab’s or Synthesia’s built-in characters to create (fully disclosed) content. But I can’t see putting my digital twins to real-world use. I can see one use for the tech, though. It struck me during my experiment that the best reason to build an AI digital twin isn’t to replace your voice or likeness, but to preserve it. I sometimes lose my voice, and it’s incredibly disruptive to my content production. If I was ever affected by a vocal disorder and lost it permanently, it’s nice to know that there’s a highly realistic backup sitting on ElevenLabs’ servers. It’s also cool to think that in 10 years—when I’m inevitably older and wrinklier than today—I could bring my 2026 Digital Tom back to life. He’d be frozen in time, a perfect replica of my appearance, mannerisms, and environment in this specific moment, recallable for all eternity. I won’t be using Digital Tom to augment my YouTube channel, get into podcasting, or read my kids a bedtime story anytime soon. But there’s a strange part of me that’s happy he’s out there, just in case. View the full article

Elon Musk’s AI chatbot Grok won’t be able to edit photos to portray real people in revealing clothing in places where that is illegal, according to a statement posted on X. The announcement late Wednesday followed a global backlash over sexualized images of women and children, including bans and warnings by some governments. The pushback included an investigation announced Wednesday by the state of California, the U.S.’s most populous, into the proliferation of nonconsensual sexually explicit material produced using Grok that it said was harassing women and girls. Initially, media queries about the problem drew only the response, “legacy media lies.” Musk’s company, xAI, now says it will geoblock content if it violates laws in a particular place. “We have implemented technological measures to prevent the Grok account from allowing the editing of images of real people in revealing clothing such as bikinis, underwear and other revealing attire,” it said. The rule applies to all users, including paid subscribers, who have access to more features. xAI also has limited image creation or editing to paid subscribers only “to ensure that individuals who attempt to abuse the Grok account to violate the law or our policies can be held accountable.” Grok’s “spicy mode” had allowed users to create explicit content, leading to a backlash from governments worldwide. Malaysia and Indonesia took legal action and blocked access to Grok, while authorities in the Philippines said they were working to do the same, possibly within the week. The U.K. and European Union were investigating potential violations of online safety laws. France and India have also issued warnings, demanding stricter controls. Brazil called for an investigation into Grok’s misuse. The British government, which has been one of Grok’s most vociferous critics in recent days, has welcomed the change, while the country’s regulator, Ofcom, said it would carry on with its investigation. “I shall not rest until all social media platforms meet their legal duties and provide a service that is safe and age-appropriate to all users,” Technology Secretary Liz Kendall said. California Attorney General Rob Bonta urged xAI to ensure there is no further harassment of women and girls from Grok’s editing functions. “We have zero tolerance for the AI-based creation and dissemination of nonconsensual intimate images or of child sexual abuse material,” he said. California has passed laws to shield minors from AI-generated sexual imagery of children and require AI chatbot platforms to remind users they aren’t interacting with a human. But Democratic Gov. Gavin Newsom also vetoed a law last year that would have restricted children’s access to AI chatbots. —Elaine Kurtenbach, AP business writer Pan Pylas in London contributed to this report. View the full article

Microsoft Advertising is starting 2026 with a broad set of updates aimed squarely at search-first marketers, with a focus on better controls, clearer insights, and easier campaign management across the platform. Driving the news. In its latest product roundup, Microsoft is rolling out new Performance Max capabilities, expanding audience targeting options, improving imports from Google, and automating more creative elements in search ads. The big picture. Performance Max continues to be the centerpiece. Microsoft is introducing a new customer acquisition goal in open beta, allowing advertisers to either prioritize net-new customers or exclusively target them within PMax campaigns tied to purchase goals. Advertisers can also assign higher conversion values to new customers, helping the system optimize toward long-term growth rather than short-term revenue. At the same time, Microsoft is expanding transparency and controls inside PMax. Share of voice metrics — including impression share and losses due to budget or rank — are now available, offering a clearer view into competitiveness across Search and Shopping placements. Asset group–level URL options and tracking templates also give advertisers more granular measurement without restructuring campaigns. What’s changing under the hood. Imports from Google are getting smoother. PMax campaigns now support up to 50 search themes, and asset group imports are more forgiving — meaning ineligible images or auto-generated logos won’t block the rest of an asset group from importing. Beyond PMax, Content Targeting for Audience ads is now generally available. Advertisers can target specific Microsoft-owned placements like MSN and Outlook, or align ads with content categories such as Finance or Travel. A new reporting view shows where ads actually appear, helping advertisers refine contextual strategies. Why we care. These updates give them more control over how automation drives growth, especially when it comes to acquiring net-new customers. New customer acquisition goals and added Performance Max visibility make it easier to optimize for long-term value, not just immediate conversions. Combined with smoother imports and smarter creative automation, these changes help advertisers scale performance without sacrificing visibility or control. On creative automation. Autogenerated assets are now being rolled out as a default setting for newly created Responsive Search Ads, globally excluding China and South Korea. Microsoft says advertisers using autogenerated assets are seeing roughly a 5% lift in CTR, as the system dynamically creates and tests additional headlines and descriptions based on website content. Sensitive verticals remain opt-in only, and existing RSAs are unaffected. The bottom line. Microsoft Advertising’s January updates aim to make automation more usable, measurable, and advertiser-friendly — especially for marketers managing Performance Max across multiple platforms. View the full article

If you’re considering starting or enlarging a business in New York, comprehending the available small business loan options is crucial. From SBA loans that provide substantial funding to more flexible solutions like lines of credit, each option has unique benefits customized to different needs. Knowing which loans suit your situation will help you make informed decisions. Let’s explore the top choices that could support your entrepreneurial path effectively. Key Takeaways SBA 7(a) Loans: Offer up to $5 million for business growth and have flexible repayment terms ranging from 10 to 25 years. SBA Microloan Program: Provides loans up to $50,000 with a quick application process, ideal for startups and small businesses. Business Lines of Credit: Access revolving credit up to $300,000, helping manage cash flow and cover unexpected expenses effectively. Pursuit Loans: Customized options for working capital and commercial real estate, tailored to meet diverse business needs. New York Forward Loan Fund 2: Offers loans up to $150,000 with flexible requirements, supporting local businesses in New York. Understanding Small Business Loans in New York When you’re looking to start or grow a business in New York, comprehending small business loans is imperative to accessing the capital you need. Small business loans in New York offer fundamental funding for various needs, like startup costs, working capital, and equipment purchases. The most common types include SBA loans, working capital loans, and lines of credit, which allow you to choose financing that fits your specific situation. To secure loans in NYC, you’ll need to prepare by identifying your loan purpose and checking your eligibility. Comparing lenders is significant, as funding decisions can take hours to weeks. Notable providers like TD Bank and Pursuit offer customized options and flexible repayment terms. Top Loan Options for New York Entrepreneurs New York entrepreneurs have access to a variety of loan options designed to meet their diverse business needs. You can start with SBA 7(a) loans, offering up to $5 million in flexible, low-rate financing for launching or growing your business. If you need smaller amounts, the SBA Microloan program provides up to $50,000 with a quick online application process. For more flexible borrowing, consider small business lines of credit, which allow you to access revolving credit up to $300,000, paying interest only on the amounts drawn. Pursuit also offers customized business loans for various needs like working capital and commercial real estate, available statewide. Furthermore, the New York Forward Loan Fund 2 provides loans up to $150,000, designed with flexible requirements to support local entrepreneurs. Each option serves specific business needs, ensuring you can find the right fit for your goals. Advantages of SBA Loans for Small Businesses When you consider SBA loans for your small business, you’ll find several advantages that can make a big difference. These loans offer flexible repayment terms and lower interest rates, which can ease your financial burden. Plus, with government backing, lenders are more willing to provide funds, giving you a better chance of securing the capital you need. Flexible Repayment Terms Flexible repayment terms are a significant advantage of SBA loans for small businesses, as they allow you to choose loan durations that best suit your financial situation, typically ranging from 10 to 25 years. You can tailor your repayment plans with options for monthly, quarterly, or annual payments, which helps accommodate your cash flow needs. For example, the SBA 7(a) loan program offers low-interest rates and longer repayment periods, easing financial management. Furthermore, some SBA loans permit deferment periods, giving you time to stabilize your operations before repayments begin. This flexibility improves budgeting and reduces financial strain during slower business cycles. Loan Type Duration Payment Frequency SBA 7(a) 10-25 years Monthly/Quarterly SBA Micro Up to 6 years Monthly CDC/504 10-25 years Monthly CAPLines 5-10 years Monthly Government Guarantee Benefits One of the key benefits of SBA loans is the government guarantee, which greatly reduces the risk for lenders and makes it easier for small businesses to obtain financing. This guarantee covers up to 85% of the loan amount for loans under $150,000, giving lenders confidence to approve applications, even from those with less than perfect credit. By facilitating access to financing, SBA loans enable you to secure higher amounts, up to $5 million for 7(a) loans, which can be critical for significant growth opportunities. Furthermore, these loans often come with flexible repayment terms, helping you manage your cash flow more effectively. This combination of support and flexibility makes SBA loans an attractive option for small business owners. Lower Interest Rates Lower interest rates are a significant advantage of SBA loans, making them an appealing choice for small businesses in need of financing. SBA loans often come with rates starting around 6% to 8%, which is lower than many conventional loans. The SBA 7(a) loan program can provide up to $5 million, allowing for flexible terms as it reduces overall borrowing costs. Since these loans are partially guaranteed by the government, lenders feel encouraged to offer better rates and repayment terms. Moreover, the SBA Express loan program facilitates loans up to $500,000 with quick approval and competitive rates, enhancing your cash flow management. With repayment terms extending up to 25 years for real estate, you can enjoy lower monthly payments and improved financial planning. Exploring Lines of Credit for Flexibility How can a line of credit improve your business’s financial flexibility? A line of credit functions like a credit card, allowing you to draw funds as needed and only pay interest on the amount you use. With limits up to $300,000, it offers excellent flexibility for various business needs. Manage cash flow effectively during slow seasons. Purchase inventory without depleting your cash reserves. Cover unexpected expenses quickly, thanks to fast approvals from lenders. Benefit from reduced fees or better rates if you have an active checking account with your lender. You can choose between secured and unsecured lines of credit, with secured options often providing lower interest rates owing to reduced risk for lenders. Many lenders, like TD, can approve your application within hours, ensuring you have immediate access to funds when you need them most. Fixed and Variable Rate Term Loans When considering fixed and variable rate term loans, it’s crucial to understand how each rate structure impacts your finances. Fixed rate loans provide stability with consistent payments, whereas variable rate loans may start lower but can fluctuate over time based on market conditions. Evaluating your cash flow and long-term goals will help you choose the right option for your business in New York. Rate Structures Explained Comprehending the different rate structures for small business loans is essential for making informed financial decisions. Fixed rate term loans offer a consistent interest rate throughout the loan’s duration, which makes your monthly payments predictable, aiding in budgeting. Conversely, variable rate term loans’ interest rates fluctuate based on market conditions, potentially resulting in lower initial payments but greater long-term risk. Fixed rates typically range from 5% to 10%, providing stability. Variable rates can start as low as 3%, but may rise based on index changes. Fixed loans are easier for budgeting, whereas variable loans may save money initially. Evaluate how each structure impacts your financial situation to select the best loan option. Choosing the Right Option Choosing the right option between fixed and variable rate term loans is crucial for your business’s financial health, as each has distinct advantages and risks. Fixed-rate term loans provide predictable monthly payments, which can simplify budgeting for small businesses in New York. Conversely, variable-rate term loans often start with lower interest rates, but your payments may fluctuate over time, impacting your cash flow based on market conditions. Many lenders, like TD Bank, offer both options, allowing you to align your choice with your financial strategy. Furthermore, the SBA 7(a) loan program typically features fixed rates, providing stability for long-term investments. Assess your financial situation, risk tolerance, and potential interest rate changes to make an informed decision. Unique Financing Solutions for Startups How can startups in New York find the right financing solutions to fuel their growth? You’ve got several unique options customized to meet your needs. The SBA Microloans can provide up to $50,000 with low-interest rates through an easy online application. Another choice is the New York Forward Loan Fund 2, offering up to $150,000 with flexible requirements particularly for startups. Pursuit’s SmartLoans allow you to secure up to $100,000, enhancing your growth potential. If you’re a veteran, specialized loan programs offer preferred rates to support your entrepreneurial path. Consider these options for your startup financing: SBA Microloans: Up to $50,000 with low-interest rates. New York Forward Loan Fund 2: Loans up to $150,000 with flexible terms. Pursuit SmartLoans: Access up to $100,000 for various business needs. Community Lending and CDFIs: Flexible qualifications for alternative financing. How to Prepare for the Loan Application Process Preparing for the loan application process is crucial for securing the funding your startup needs, as it impacts your chances of approval. Start by clearly identifying the loan’s purpose, whether it’s for startup costs, working capital, or equipment purchases, to align with lender requirements. Next, check the eligibility criteria for each loan type, as they can vary greatly based on factors like your time in business and credit score. Compare different lenders to find the best fit, considering interest rates, repayment terms, and any associated fees. Gather all necessary documentation in advance, such as business plans, financial statements, tax returns, and personal identification, to streamline your application. Finally, apply early to avoid financial crunches, as funding decisions can take anywhere from hours to weeks, depending on the lender’s process. By being well-prepared, you improve your chances of securing the loan you need to grow your business. TD Bank’s Small Business Loan Offerings When exploring financing options for your small business, TD Bank offers a range of loan products designed to meet various needs. Their offerings include SBA Express Term Loans up to $500,000 and SBA 7(a) loans reaching up to $5 million, catering to diverse requirements. Conventional and healthcare small business term loans are available up to $1 million. Qualified borrowers may benefit from fee waivers, including up to $2,500 off the SBA packaging fee. An online pre-qualification process simplifies your application experience, with funding decisions available in as little as two hours. Customers consistently report high satisfaction owing to TD Bank’s personalized support throughout the loan process. With flexible terms and a straightforward application process, TD Bank stands out as a viable option for small business owners looking to secure funding efficiently. Alternative Lending Options for Small Businesses Even though traditional lending options like those offered by TD Bank cater to many small business owners, alternative lending options likewise play a significant role in providing access to necessary funds. Here are some popular alternatives: Lending Option Description Best For Merchant Cash Advances Provides upfront capital based on future credit/debit card sales. Businesses with fluctuating revenue Invoice Factoring Allows businesses to sell unpaid invoices for immediate cash. Improving cash flow Business Lines of Credit Flexible borrowing up to a specified limit, with interest only on the amount used. Ongoing operational expenses Community Development Financial Institutions (CDFIs) Offer loans with flexible criteria, targeting underserved markets. Small businesses in need Data-Driven Alternative Lenders Use factors beyond credit scores for approval, focusing on cash flow and performance. Accessible financing options These alternatives can help you secure funding when traditional methods may not fit your needs. Customer Experiences With Small Business Loans in New York Customer experiences with small business loans in New York reveal a setting where many entrepreneurs find efficient and user-friendly processes. Quick approval times are a standout feature, with some lenders offering approvals in less than two hours and same-day funding options. Customers appreciate the straightforward loan offers and the absence of pressure during applications, which promotes a more comfortable environment. Key insights include: Personalized assistance from loan officers contributes to high satisfaction ratings. Effective communication and problem-solving lead to repeat business. A diverse range of loan programs, such as SBA loans and Impact Loans, cater to various business needs. Positive feedback highlights the importance of transparency throughout the funding experience. These factors combine to create a positive lending experience, allowing you to focus more on growing your business rather than steering through complex financial processes. Frequently Asked Questions Which Bank Is Best for a Small Business Loan? Choosing the best bank for a small business loan depends on your specific needs and qualifications. Traditional banks like TD Bank offer various options, including SBA loans, whereas online lenders often promise quicker approval times and same-day funding. Pursuit provides customized loans for diverse funding needs. Consider eligibility criteria, such as your business’s age and credit score, to determine which lender aligns best with your financial situation and goals. What Is the Monthly Payment on a $50,000 Business Loan? The monthly payment on a $50,000 business loan varies based on the interest rate and loan term. For instance, at a 6% interest rate over five years, you’ll pay about $966 monthly. If you extend the term to ten years, the payment drops to around $555. Nevertheless, a higher interest rate of 10% over five years results in payments close to $1,065. Always consider additional fees, as these can affect your total payment. Can a New LLC Get a Small Business Loan? Yes, a new LLC can secure a small business loan, but you’ll likely need to meet specific requirements. Most lenders prefer that you’ve been in business for at least six months and have a solid business plan. Programs like the SBA 7(a) loan can offer considerable funding. Furthermore, demonstrating consistent monthly revenue of around $15,000 and maintaining an active business account can greatly improve your chances of getting approved. What Is the Easiest SBA Loan to Get Approved For? The easiest SBA loan to get approved for is usually the SBA Microloan, which provides up to $50,000 with a straightforward application process. If you need more funding, consider the SBA 7(a) loan, offering up to $5 million and flexible terms. To boost your chances of approval, keep a strong credit score above 500 and demonstrate consistent revenue, typically around $15,000 per month. Preparing necessary documentation is essential for a smoother application experience. Conclusion In summary, New York offers a diverse range of small business loan options, catering to various financial needs. From SBA 7(a) loans for larger investments to flexible lines of credit and alternative financing solutions, entrepreneurs can find suitable support. Comprehending the application process and preparing adequately can improve your chances of securing funding. By exploring these options, you can position your business for growth and success in a competitive market. Make informed decisions to meet your financial goals. Image via Google Gemini This article, "10 Best Small Business Loans in New York" was first published on Small Business Trends View the full article

If you’re considering starting or enlarging a business in New York, comprehending the available small business loan options is crucial. From SBA loans that provide substantial funding to more flexible solutions like lines of credit, each option has unique benefits customized to different needs. Knowing which loans suit your situation will help you make informed decisions. Let’s explore the top choices that could support your entrepreneurial path effectively. Key Takeaways SBA 7(a) Loans: Offer up to $5 million for business growth and have flexible repayment terms ranging from 10 to 25 years. SBA Microloan Program: Provides loans up to $50,000 with a quick application process, ideal for startups and small businesses. Business Lines of Credit: Access revolving credit up to $300,000, helping manage cash flow and cover unexpected expenses effectively. Pursuit Loans: Customized options for working capital and commercial real estate, tailored to meet diverse business needs. New York Forward Loan Fund 2: Offers loans up to $150,000 with flexible requirements, supporting local businesses in New York. Understanding Small Business Loans in New York When you’re looking to start or grow a business in New York, comprehending small business loans is imperative to accessing the capital you need. Small business loans in New York offer fundamental funding for various needs, like startup costs, working capital, and equipment purchases. The most common types include SBA loans, working capital loans, and lines of credit, which allow you to choose financing that fits your specific situation. To secure loans in NYC, you’ll need to prepare by identifying your loan purpose and checking your eligibility. Comparing lenders is significant, as funding decisions can take hours to weeks. Notable providers like TD Bank and Pursuit offer customized options and flexible repayment terms. Top Loan Options for New York Entrepreneurs New York entrepreneurs have access to a variety of loan options designed to meet their diverse business needs. You can start with SBA 7(a) loans, offering up to $5 million in flexible, low-rate financing for launching or growing your business. If you need smaller amounts, the SBA Microloan program provides up to $50,000 with a quick online application process. For more flexible borrowing, consider small business lines of credit, which allow you to access revolving credit up to $300,000, paying interest only on the amounts drawn. Pursuit also offers customized business loans for various needs like working capital and commercial real estate, available statewide. Furthermore, the New York Forward Loan Fund 2 provides loans up to $150,000, designed with flexible requirements to support local entrepreneurs. Each option serves specific business needs, ensuring you can find the right fit for your goals. Advantages of SBA Loans for Small Businesses When you consider SBA loans for your small business, you’ll find several advantages that can make a big difference. These loans offer flexible repayment terms and lower interest rates, which can ease your financial burden. Plus, with government backing, lenders are more willing to provide funds, giving you a better chance of securing the capital you need. Flexible Repayment Terms Flexible repayment terms are a significant advantage of SBA loans for small businesses, as they allow you to choose loan durations that best suit your financial situation, typically ranging from 10 to 25 years. You can tailor your repayment plans with options for monthly, quarterly, or annual payments, which helps accommodate your cash flow needs. For example, the SBA 7(a) loan program offers low-interest rates and longer repayment periods, easing financial management. Furthermore, some SBA loans permit deferment periods, giving you time to stabilize your operations before repayments begin. This flexibility improves budgeting and reduces financial strain during slower business cycles. Loan Type Duration Payment Frequency SBA 7(a) 10-25 years Monthly/Quarterly SBA Micro Up to 6 years Monthly CDC/504 10-25 years Monthly CAPLines 5-10 years Monthly Government Guarantee Benefits One of the key benefits of SBA loans is the government guarantee, which greatly reduces the risk for lenders and makes it easier for small businesses to obtain financing. This guarantee covers up to 85% of the loan amount for loans under $150,000, giving lenders confidence to approve applications, even from those with less than perfect credit. By facilitating access to financing, SBA loans enable you to secure higher amounts, up to $5 million for 7(a) loans, which can be critical for significant growth opportunities. Furthermore, these loans often come with flexible repayment terms, helping you manage your cash flow more effectively. This combination of support and flexibility makes SBA loans an attractive option for small business owners. Lower Interest Rates Lower interest rates are a significant advantage of SBA loans, making them an appealing choice for small businesses in need of financing. SBA loans often come with rates starting around 6% to 8%, which is lower than many conventional loans. The SBA 7(a) loan program can provide up to $5 million, allowing for flexible terms as it reduces overall borrowing costs. Since these loans are partially guaranteed by the government, lenders feel encouraged to offer better rates and repayment terms. Moreover, the SBA Express loan program facilitates loans up to $500,000 with quick approval and competitive rates, enhancing your cash flow management. With repayment terms extending up to 25 years for real estate, you can enjoy lower monthly payments and improved financial planning. Exploring Lines of Credit for Flexibility How can a line of credit improve your business’s financial flexibility? A line of credit functions like a credit card, allowing you to draw funds as needed and only pay interest on the amount you use. With limits up to $300,000, it offers excellent flexibility for various business needs. Manage cash flow effectively during slow seasons. Purchase inventory without depleting your cash reserves. Cover unexpected expenses quickly, thanks to fast approvals from lenders. Benefit from reduced fees or better rates if you have an active checking account with your lender. You can choose between secured and unsecured lines of credit, with secured options often providing lower interest rates owing to reduced risk for lenders. Many lenders, like TD, can approve your application within hours, ensuring you have immediate access to funds when you need them most. Fixed and Variable Rate Term Loans When considering fixed and variable rate term loans, it’s crucial to understand how each rate structure impacts your finances. Fixed rate loans provide stability with consistent payments, whereas variable rate loans may start lower but can fluctuate over time based on market conditions. Evaluating your cash flow and long-term goals will help you choose the right option for your business in New York. Rate Structures Explained Comprehending the different rate structures for small business loans is essential for making informed financial decisions. Fixed rate term loans offer a consistent interest rate throughout the loan’s duration, which makes your monthly payments predictable, aiding in budgeting. Conversely, variable rate term loans’ interest rates fluctuate based on market conditions, potentially resulting in lower initial payments but greater long-term risk. Fixed rates typically range from 5% to 10%, providing stability. Variable rates can start as low as 3%, but may rise based on index changes. Fixed loans are easier for budgeting, whereas variable loans may save money initially. Evaluate how each structure impacts your financial situation to select the best loan option. Choosing the Right Option Choosing the right option between fixed and variable rate term loans is crucial for your business’s financial health, as each has distinct advantages and risks. Fixed-rate term loans provide predictable monthly payments, which can simplify budgeting for small businesses in New York. Conversely, variable-rate term loans often start with lower interest rates, but your payments may fluctuate over time, impacting your cash flow based on market conditions. Many lenders, like TD Bank, offer both options, allowing you to align your choice with your financial strategy. Furthermore, the SBA 7(a) loan program typically features fixed rates, providing stability for long-term investments. Assess your financial situation, risk tolerance, and potential interest rate changes to make an informed decision. Unique Financing Solutions for Startups How can startups in New York find the right financing solutions to fuel their growth? You’ve got several unique options customized to meet your needs. The SBA Microloans can provide up to $50,000 with low-interest rates through an easy online application. Another choice is the New York Forward Loan Fund 2, offering up to $150,000 with flexible requirements particularly for startups. Pursuit’s SmartLoans allow you to secure up to $100,000, enhancing your growth potential. If you’re a veteran, specialized loan programs offer preferred rates to support your entrepreneurial path. Consider these options for your startup financing: SBA Microloans: Up to $50,000 with low-interest rates. New York Forward Loan Fund 2: Loans up to $150,000 with flexible terms. Pursuit SmartLoans: Access up to $100,000 for various business needs. Community Lending and CDFIs: Flexible qualifications for alternative financing. How to Prepare for the Loan Application Process Preparing for the loan application process is crucial for securing the funding your startup needs, as it impacts your chances of approval. Start by clearly identifying the loan’s purpose, whether it’s for startup costs, working capital, or equipment purchases, to align with lender requirements. Next, check the eligibility criteria for each loan type, as they can vary greatly based on factors like your time in business and credit score. Compare different lenders to find the best fit, considering interest rates, repayment terms, and any associated fees. Gather all necessary documentation in advance, such as business plans, financial statements, tax returns, and personal identification, to streamline your application. Finally, apply early to avoid financial crunches, as funding decisions can take anywhere from hours to weeks, depending on the lender’s process. By being well-prepared, you improve your chances of securing the loan you need to grow your business. TD Bank’s Small Business Loan Offerings When exploring financing options for your small business, TD Bank offers a range of loan products designed to meet various needs. Their offerings include SBA Express Term Loans up to $500,000 and SBA 7(a) loans reaching up to $5 million, catering to diverse requirements. Conventional and healthcare small business term loans are available up to $1 million. Qualified borrowers may benefit from fee waivers, including up to $2,500 off the SBA packaging fee. An online pre-qualification process simplifies your application experience, with funding decisions available in as little as two hours. Customers consistently report high satisfaction owing to TD Bank’s personalized support throughout the loan process. With flexible terms and a straightforward application process, TD Bank stands out as a viable option for small business owners looking to secure funding efficiently. Alternative Lending Options for Small Businesses Even though traditional lending options like those offered by TD Bank cater to many small business owners, alternative lending options likewise play a significant role in providing access to necessary funds. Here are some popular alternatives: Lending Option Description Best For Merchant Cash Advances Provides upfront capital based on future credit/debit card sales. Businesses with fluctuating revenue Invoice Factoring Allows businesses to sell unpaid invoices for immediate cash. Improving cash flow Business Lines of Credit Flexible borrowing up to a specified limit, with interest only on the amount used. Ongoing operational expenses Community Development Financial Institutions (CDFIs) Offer loans with flexible criteria, targeting underserved markets. Small businesses in need Data-Driven Alternative Lenders Use factors beyond credit scores for approval, focusing on cash flow and performance. Accessible financing options These alternatives can help you secure funding when traditional methods may not fit your needs. Customer Experiences With Small Business Loans in New York Customer experiences with small business loans in New York reveal a setting where many entrepreneurs find efficient and user-friendly processes. Quick approval times are a standout feature, with some lenders offering approvals in less than two hours and same-day funding options. Customers appreciate the straightforward loan offers and the absence of pressure during applications, which promotes a more comfortable environment. Key insights include: Personalized assistance from loan officers contributes to high satisfaction ratings. Effective communication and problem-solving lead to repeat business. A diverse range of loan programs, such as SBA loans and Impact Loans, cater to various business needs. Positive feedback highlights the importance of transparency throughout the funding experience. These factors combine to create a positive lending experience, allowing you to focus more on growing your business rather than steering through complex financial processes. Frequently Asked Questions Which Bank Is Best for a Small Business Loan? Choosing the best bank for a small business loan depends on your specific needs and qualifications. Traditional banks like TD Bank offer various options, including SBA loans, whereas online lenders often promise quicker approval times and same-day funding. Pursuit provides customized loans for diverse funding needs. Consider eligibility criteria, such as your business’s age and credit score, to determine which lender aligns best with your financial situation and goals. What Is the Monthly Payment on a $50,000 Business Loan? The monthly payment on a $50,000 business loan varies based on the interest rate and loan term. For instance, at a 6% interest rate over five years, you’ll pay about $966 monthly. If you extend the term to ten years, the payment drops to around $555. Nevertheless, a higher interest rate of 10% over five years results in payments close to $1,065. Always consider additional fees, as these can affect your total payment. Can a New LLC Get a Small Business Loan? Yes, a new LLC can secure a small business loan, but you’ll likely need to meet specific requirements. Most lenders prefer that you’ve been in business for at least six months and have a solid business plan. Programs like the SBA 7(a) loan can offer considerable funding. Furthermore, demonstrating consistent monthly revenue of around $15,000 and maintaining an active business account can greatly improve your chances of getting approved. What Is the Easiest SBA Loan to Get Approved For? The easiest SBA loan to get approved for is usually the SBA Microloan, which provides up to $50,000 with a straightforward application process. If you need more funding, consider the SBA 7(a) loan, offering up to $5 million and flexible terms. To boost your chances of approval, keep a strong credit score above 500 and demonstrate consistent revenue, typically around $15,000 per month. Preparing necessary documentation is essential for a smoother application experience. Conclusion In summary, New York offers a diverse range of small business loan options, catering to various financial needs. From SBA 7(a) loans for larger investments to flexible lines of credit and alternative financing solutions, entrepreneurs can find suitable support. Comprehending the application process and preparing adequately can improve your chances of securing funding. By exploring these options, you can position your business for growth and success in a competitive market. Make informed decisions to meet your financial goals. Image via Google Gemini This article, "10 Best Small Business Loans in New York" was first published on Small Business Trends View the full article

Noodles & Company is set to close additional restaurants. In a January 12 press release, Noodles & Company announced plans to close between 30 and 35 restaurants in 2026, with the aim of improving financial health and profitability. As of December 30, 2025, the fast-casual noodle chain had 340 company-owned restaurants and 83 franchise restaurants. The eatery already reduced its footprint last year, when it closed 42 restaurants (33 were company-owned, and nine were franchise locations). “Decisions like this are made thoughtfully and with a long-term view of the business,” Joe Christina, CEO and president of Noodles & Company, shared in the company press release. “Our fourth quarter results reinforce that when we concentrate our resources on restaurants with the strongest opportunity to perform, Noodles can drive meaningful top-line growth. That performance gives us added confidence as we continue to refine our portfolio in 2026.” “These actions are intended to strengthen the overall health of the brand and our financial position, helping to ensure we are well-positioned for profitable growth and long-term value creation for our shareholders,” Christina continued. Retail and restaurant closures are becoming more common Noodles & Company isn’t the only company announcing closures. Unfortunately, it’s becoming more common. Last week, the fast-casual salad and wrap chain Salad & Go confirmed it would close 32 locations by January 11. The company shuttered 25 stores in Texas and seven in Oklahoma. As a result, Salad & Go no longer operates restaurants in either state. Macy’s has also continued to reduce its footprint. The department store announced it would close 150 “underproductive” stores by the end of January 2027. In a January 9 news release, Macy’s confirmed a list of 66 locations set to close, two of which have already closed. Video game retailer GameStop also plans to shutter more stores early this year. The company has not yet announced how many stores it will close in 2026. But in recent days, customers have taken to social media to share store closure signs. In its third-quarter earnings report on December 9, GameStop shared that it had closed 590 stores in the U.S. in the previous fiscal year. And after filing for Chapter 11 bankruptcy protection in November 2025, American Signature is set to permanently close all Value City Furniture and American Signature Furniture stores. View the full article

If you're subscribed to Spotify, start checking your inbox. The music streaming service is sending emails to customers letting them know about yet another price hike coming next month. To Spotify's credit, the price hike is pretty minor. But starting on whatever your February billing date is, individual premium plans will jump from $11.99/month to $12.99/month, while student plans will go from $5.99/month to $6.99/month. More extensive plans will see a slightly more costly jump. The Duo plan, which gives premium access to two people at the same address, is going from $16.99/month to $18.99/month. The Family plan, which gives premium access to up to six people at the same address, will also see a $2 increase, now costing $21.99/month rather than $19.99/month. The price hikes are set to affect the U.S., Estonia, and Latvia, according to Spotify's announcement. The company's rationale for all this? According to the post, "occasional updates to pricing across our markets reflect the value that Spotify delivers." Truthfully, $1 to $2 does seem like a pretty minor change, but the update follows another U.S. price hike in 2024, where Individual plans went up by $1, Duo plans went up by $2, and Family plans went up by $3. And that came after a price hike in 2023, where the Individual, Student, and Family plans went up by $1, while the Duo plan went up by $2. Certain subscribers outside of the U.S. also saw their own price increases in 2025. I can't help but feel like a frog in a slowly boiling pot. The continual barrage of price hikes is a bit of a disappointment for subscribers who had gotten used to a steady price for Spotify since its U.S. launch in 2011, as the service went for 12 years before its first price change. If all these price hikes are starting to get to you, you might be able to get around them. If you can find one at a store near you, you can pay upfront for a discounted annual subscription using a Spotify gift card, although it won't apply to Spotify's Family or Student plans. Unfortunately, Spotify does not have an annual subscription plan available on its website. View the full article

Tensions remain high in the state following last week’s killing of a protester by a federal immigration agent View the full article

Satellite communications networks have proved resilient amid a crackdown. Amid growing protests and escalating violence in Iran, the country’s government has blocked access to domestic communications systems and imposed a nearly week-long internet blackout. But Starlink, the satellite internet service run by SpaceX, only uses personal terminals that connect to its constellation, and doesn’t rely on any regime-controlled infrastructure. As a result, technology has now become a lifeline, and one of the only ways people in Iran can bring their disturbing reality on the ground to the rest of the world. “The biggest part of the communication [in the country] is being handled by Starlink,” Amir Rashidi, the director of internet security and digital rights at the Miaan Group, an organization that’s been tracking the communications blackout in Iran, tells Fast Company. “Without the Starlink, you won’t see any of these videos, or you won’t receive any news.” Indeed, it is still incredibly difficult to ascertain firsthand information from inside Iran. Foreign reporters only have limited access to the country, and phone calls have also been restricted by the government. The full extent of the carnage is unclear, but some officials suspect thousands of people may already be dead. More may happen with Starlink in Iran in the coming days. SpaceX has now waived the initial Starlink subscription fee for users in Iran, and organizers have been sharing details on how to use the technology, as securely as possible, amid a brutal crackdown. President Donald The President said earlier this week he plans to communicate with Elon Musk about expanding service in the region. “The The President Administration is committed to helping to preserve and protect the free flow of information by the most effective means to the people of Iran in the face of the Iranian regime’s brutal repression,” a State Department spokesperson, declining to share more specifics, told Fast Company on Wednesday. SpaceX did not respond to a request for comment. The situation is a reminder that, in an emergency—and amid political upheaval—internet access can be a critical tool. Indeed, it’s easy to view Starlink as a fundamentally authoritarian-proof technology. But satellite internet, like any platform, isn’t completely immune from authoritarian intimidation. And while SpaceX is providing a critical service in the moment, the company, and Elon Musk, are private entities whose goals aren’t guaranteed to align with values of free speech, or even the foreign policy interests of the United States. “The fundamental issue is that the interests of Elon Musk are not the interests of the United States,” Gordon LaForge, a researcher at the think tank New America, tells Fast Company. “Sometimes they might be in alignment, but sometimes they won’t be.” Limited access Right now, even as protests overtake much of the country, only a small number of Iranians there have access to Starlink terminals, which are generally needed to connect to the country’s constellation of low-Earth satellites. This hardware can be difficult to come by. Iran doesn’t have authorized Starlink sellers, which means ordinary people need to find them on the black market, where they’re expensive, as Forbes previously reported several years ago. Right now, there just aren’t that many terminals overall, though reports indicate the number has grown recently. As of December 2022, Elon Musk had said there were around 100 terminals in the country. By the end of 2024, there were reportedly about 20,000 Iranian users, and there are possibly tens of thousands more there now, Rashidi says. Still, 90 million people live in Iran, which means most people won’t have Starlink anytime soon. But the Iranian government is also taking active steps to disrupt the service. The Iranian legislature passed a law banning Starlink last year, and people who use it face the risk of going to prison, or, potentially, the death penalty, if they’re accused of using the technology for espionage. Though the Iranian government has, in the past, complained about how easy it is to hide Starlink devices—some hardware can fit in a backpack—officials have also reportedly started scanning the country for signs of terminals, even using drones to hunt for dishes and terminals that might be installed on rooftops. Starlink might also be susceptible to jamming. The Iranian government appears to have partially interfered with the service, in some places, by jamming the GPS connection that Starlink relies on, and, in effect, reducing Starlink’s total capabilities. One Iranian internet access group, in a post on X, said they were able to collaborate with SpaceX on a software update that blunted the impact of this interference. Notably, these issues don’t seem to have taken Starlink completely offline, and Penn State professor Sascha Meinrath, who studies satellite constellation bandwidth, told Fast Company that this method may only work in “fairly constrained areas.” Rashidi, from the Miaan Group, likened the jamming to a nuisance. “It was like a fly sitting on your face or on your nose. You can easily move your hand and push the fly away,” he told Fast Company. “You feel uncomfortable, but that won’t kill you.” Still, this disruption may foreshadow future attempts by other governments to try to undercut Starlink service, and shows there are ways to undermine the service. Down the line, as SpaceX’s commercial infrastructure becomes increasingly enmeshed in U.S. national security and defense systems, there’s also an increasing incentive for foreign adversaries to investigate ways to take it down. Researchers in China have already studied ways to jam a service like Starlink with a swarm of drones. Who benefits? Starlink often becomes a key communication platform in places experiencing incredible political upheaval, including—most recently—in Ukraine, Gaza, and Venezuela. In emergencies, it might even help provide the service. SpaceX provided free terminals to Ukraine, and is providing free Starlink connections in Venezuela until next month. Internet access is critical for people on the ground, but they’re also geopolitical: These deals have further lubricated SpaceX’s relationship with the U.S. government, and, today, the company now holds myriad contracts with both civilian and defense agencies. The State Department is even actively promoting the Starlink service globally, particularly in Africa, as ProPublica reported last year. But while these deals might read through the lens of anti-authoritarianism, or internet freedom, they should primarily be understood as efforts to advance U.S. foreign policy interests, and the interests of SpaceX and Elon Musk, experts tell Fast Company. There’s always the risk that Musk, or SpaceX leadership, will switch off the service in order to effect a desired political outcome. In one critical example: a few years ago, Musk suddenly ordered the shutdown of the Starlink service in one contested area in Ukraine, leaving troops without communications and disrupting their counteroffensive, according to Reuters reporting last year. “Take Ukraine, where Starlink is indispensable to the Ukrainian military,” Gordon LaForge, a senior policy analyst at the liberal think tank New America, tells Fast Company. “When Musk threatened to withdraw Starlink, the Pentagon stepped in to pay for the service. And of course Musk personally attains a level of direct geopolitical influence that few other individual businesspersons or private citizens of any sort can achieve.” “SpaceX uses geopolitical conflicts to showcase its ability and the indispensability of its services for secure communications,” adds Joscha Abel, a researcher based at the University of Tübingen who has written about the service. “Tech corporations like SpaceX frequently align themselves with the geostrategic objectives of the U.S. government to earn profitable public contracts and see their technologies embedded in national security and military planning.” In other words, Starlink had been marketed to Ukraine as a liberatory technology that would help them in their fight against Russia, but depending on it ultimately subjected its troops to the political preferences of the company’s leadership. And while Musk has fashioned himself a free speech advocate, he has, in the past, taken steps to silence critics on his social media platform, X. Like many other leaders, he also has business ties in some authoritarian countries, places operating open platforms won’t always necessarily suit his business interests. “When an essential technological instrument of U.S. policy is in the hands of a private individual—and a mercurial one at that,” explains LaForge, “it increases the risk of policy capture and outcomes that are not in the public interest.” View the full article

Movies and TV shows are notorious for getting things wildly wrong about real-life jobs. What’s something ridiculous about your profession that you’ve seen in movies or on TV? Please share in the comments. The post what’s something ridiculous about your profession that you’ve seen in movies or on TV? appeared first on Ask a Manager. View the full article

Defaulted debt jumps more than 25% as investors hope protests will reduce support for groups such as HizbollahView the full article

If you’re considering a franchise in the automotive sector, there are several strong opportunities to explore. Brands like Valvoline Instant Oil Change and Tommy’s Express Car Wash are leading the way with notable growth. Companies such as Midas and AAMCO offer solid options in automotive repair, whereas Ziebart and Tint World focus on vehicle protection and styling. Comprehending these options can help you make an informed decision about your investment. Explore which franchise might align with your goals. Key Takeaways Valvoline Instant Oil Change offers a strong growth rate of 26.5% with comprehensive training for franchisees and a low franchise fee. Take 5 Oil Change leads in growth at 64.4%, promotes multi-unit ownership, and provides extensive support and analytics tools. Jiffy Lube, with over 2,200 locations, combines a solid growth rate and national marketing support with a reasonable franchise investment. Tommy’s Express Car Wash boasts a staggering growth rate of 276.7%, emphasizing innovative technology and customer satisfaction in its services. Midas, established in 1954, focuses on customer loyalty and offers extensive operational support, making it a trusted choice in automotive repair. Valvoline Instant Oil Change Valvoline Instant Oil Change, ranked 27th in the overall Franchise 500, has established itself as a leader in the quick oil change sector, with 1,679 units and a significant growth rate of 26.5% over the past three years. Founded in 1986 and franchising since 1988, this auto repair franchise focuses on providing efficient services that cater to the high demand for quick automotive maintenance. With an initial investment ranging from $205,000 to $3.3 million, Valvoline offers a strong support system, including thorough training for franchisees. If you’re exploring automotive franchises for sale, Valvoline Instant Oil Change stands out because of its reputable brand, customer loyalty, and proven business model, making it a compelling option for aspiring franchise owners. Tommy’s Express Car Wash Tommy’s Express Car Wash is making waves in the automotive franchise sector with its innovative service approach and impressive growth rate. With 162 locations and a remarkable 276.7% increase in units over the past three years, this franchise emphasizes outdoor work and state-of-the-art car wash technology. As a franchisee, you’ll benefit from extensive support and training, ensuring you’re well-equipped to succeed in this quickly growing market. Innovative Service Approach As the demand for efficient and high-quality car wash services continues to rise, Tommy’s Express Car Wash stands out by implementing an innovative service approach that prioritizes customer satisfaction. This auto service franchise emphasizes a unique outdoor work environment, enhancing the overall customer experience during delivering quick, high-quality service. With a remarkable growth rate of 276.7% in unit numbers over the past three years, it’s clear that consumers appreciate Tommy‘s commitment to modern amenities and customer engagement. By integrating advanced technology and operational systems, this car care franchise streamlines service delivery, ensuring operational efficiency. As a result, franchisees benefit from a strong market presence and the potential for significant returns in a growing industry. Rapid Expansion Growth With a remarkable growth rate of 276.7% in unit numbers over the past three years, Tommy’s Express Car Wash has established itself as a leader in the car wash industry. This franchise, which began franchising in 2016, has swiftly expanded to 162 locations by focusing on innovative technology and exceptional customer service. If you’re considering automotive franchise opportunities, Tommy’s Express provides a compelling option with a significant initial investment ranging from $4.6 million to $7.9 million. This investment reflects their commitment to high-quality facilities. Here’s a quick overview of their growth: Year Unit Numbers Growth Rate 2016 43 – 2019 81 +88.4% 2020 100 +23.5% 2021 130 +30% 2023 162 +24.6% Comprehensive Franchise Support Franchisees benefit markedly from the extensive support offered by Tommy’s Express Car Wash, which is designed to guarantee their success in managing daily operations and delivering exceptional service. The thorough training programs equip you with the skills needed to run your franchise efficiently. Ongoing operational support provides access to corporate resources and industry experts, ensuring you can navigate challenges effectively. Furthermore, you’ll receive robust marketing support, featuring national advertising campaigns and local marketing assistance to improve visibility. With a commitment to innovation, Tommy’s Express utilizes advanced technology, like automated car wash systems and mobile payment options. For those exploring auto repair franchise opportunities or automotive franchises opportunities in New York, this franchise offers a solid foundation for success. Big O Tires Big O Tires stands out as a prominent player in the automotive franchise sector, having been founded in 1962 and now boasting over 460 locations across 24 states. As an auto repair shop franchise, it offers a compelling opportunity for those interested in the automotive industry. Here are some key highlights of Big O Tires: Competitive franchise fee of $17,500. Average revenue per location around $2,864,953. Thorough training, including a four-week pre-opening program. Being part of TBC Corporation boosts your operational efficiency through shared purchasing influence. With a focus on customer trust and quality service, Big O Tires has built a strong reputation, driving repeat business and nurturing customer loyalty in a competitive automotive franchise market. Midas Midas has a rich history, having been founded in 1954 and starting its franchising expedition in 1956, which has allowed it to grow into a recognized name in the automotive service sector. With nearly 2,000 units, Midas emphasizes customer trust and quality repairs, supported by a robust operational framework and thorough training for franchisees. The investment to open a Midas franchise ranges from $104,000 to $886,000, making it accessible for various budgets. Franchisees benefit from ongoing marketing support and a well-established brand presence. Brand History and Growth Established in 1954, this automotive service franchise quickly became a cornerstone of the industry after beginning its franchising expedition in 1956. Midas has built a reputation for quality repairs and customer trust, solidifying its position as one of the leading automotive repair franchises. Currently, Midas operates 1,938 locations, regardless of a slight decline in unit numbers over the past three years. Here are a few key points about Midas: Strong emphasis on customer loyalty and brand recognition. Initial investment ranges from $104,000 to $886,000, making it accessible for various entrepreneurs. Extensive operational support and training guarantee franchisee success. With nearly seven decades in the business, Midas remains a prominent car service franchise worth considering. Investment and Support Options When considering an investment in a franchise, Midas offers a range of options that cater to various financial capabilities. With an initial investment requirement ranging from $104K to $886K, it’s accessible for many aspiring franchisees interested in entering the car repair franchise market. Midas provides robust training programs, equipping you with both technical and business management skills crucial for success. Ongoing operational support from corporate headquarters guarantees you have guidance as you navigate challenges. Moreover, franchisees benefit from Midas’s strong reputation for trustworthiness and quality repairs, which improves customer loyalty. Access to marketing resources and national campaigns boosts visibility, making it a compelling choice for those looking to invest in an auto care franchise. Take 5 Oil Change Take 5 Oil Change offers a compelling franchise opportunity within the automotive service industry, particularly for individuals looking to invest in a fast-growing business model. As a notable player in car franchise opportunities, this auto repair franchise has expanded remarkably since its founding in 1984, now boasting 906 locations and a noteworthy 64.4% growth in units over the past three years. Key features include: Initial investment ranging from $223,000 to $1.6 million, appealing to various entrepreneurs. Extensive training programs and analytics tools to boost efficiency and profitability. Encouragement for multi-unit ownership, enhancing your growth potential. With a focus on fast, convenient service, Take 5 Oil Change is well-positioned for success in the automotive sector. Jiffy Lube When you consider Jiffy Lube as a franchise opportunity, you’ll find a well-established brand with over 2,200 locations and a growth rate of 6.1% in recent years. The initial investment for a Jiffy Lube franchise ranges from $232,000 to $443,000, making it a viable option for many aspiring business owners. With strong operational support and national marketing campaigns, Jiffy Lube equips franchisees to meet the rising demand for quick oil change services effectively. Franchise Overview and Growth Jiffy Lube, established in 1979, stands as a prominent player in the automotive service franchise sector, operating 2,232 locations across the United States. With a Franchise 500 rank of 119, Jiffy Lube showcases its solid reputation in the industry. Over the past three years, it has experienced a 6.1% growth in units, reflecting its resilience and market appeal. Here are key highlights of Jiffy Lube: Initial investment ranges from $232,000 to $443,000, making it accessible for aspiring franchisees. The franchise emphasizes ongoing operational support and national marketing campaigns. Strong customer loyalty is driven by a commitment to high-quality service. For anyone exploring automotive service franchises or car dealership franchise opportunities, Jiffy Lube offers a compelling option. Initial Investment Requirements The initial investment for starting a Jiffy Lube franchise ranges from $232,000 to $443,000, depending on various factors such as location and specific franchise requirements. This investment includes a franchise fee of $35,000, which is crucial for securing your position within one of the best automotive franchises in the industry. With over 2,200 locations across North America, Jiffy Lube offers strong brand recognition and market presence, making it a compelling choice among auto dealer franchise opportunities. Franchisees benefit from thorough training and ongoing support, helping you operate effectively. Additionally, Jiffy Lube has shown a 6.1% growth in unit numbers over the past three years, indicating a stable and increasing franchise opportunity for prospective investors. AAMCO Transmissions and Total Car Care AAMCO Transmissions and Total Car Care, founded in 1963, offers a compelling franchise opportunity for those interested in the automotive service industry. As a recognized auto repair franchise, AAMCO specializes in transmission repair and total car care services, allowing you to cater to various automotive needs. Here are some key points to evaluate: Initial investment ranges from $235,000 to $353,000. Extensive training and ongoing support improve your chances of success. Strong brand recognition nurtures customer loyalty and repeat business. With over 556 units across the U.S., this car mechanic franchise leverages technology to maintain high service quality, ensuring satisfaction in a competitive market. Joining AAMCO can be a strategic move for aspiring franchisees. Ziebart Ziebart stands out in the automotive service industry with its specialized focus on vehicle protection services, including rustproofing, detailing, and window tinting. Founded in 1959 and franchising since 1962, Ziebart has grown to over 409 units, showing a 6.0% increase in the last three years. This car franchise offers an accessible entry point for aspiring entrepreneurs, requiring a minimum cash investment of $75,000. Ziebart’s established brand reputation plays a significant role in attracting customers, encouraging loyalty in a competitive market. With over 60 years of experience, the franchise provides extensive training and ongoing support, ensuring franchisees are equipped to succeed. Ziebart represents a viable option among auto dealership franchise opportunities for those looking to enter the automotive service sector. RNR Tire Express RNR Tire Express stands out as a promising opportunity in the automotive franchise environment, primarily focusing on tire and wheel sales along with vital services such as alignments and brakes. This auto shop franchise boasts an impressive average revenue per location of approximately $1,758,353, showcasing its strong financial performance. Furthermore, franchisees can expect a quick break-even point, making it an attractive investment. Key features include: Initial investment ranging from $220,000 to $500,000. High customer satisfaction with a Google rating of 4.7 and a Net Promoter Score of 80%. A broad customer base, appealing to those looking for a new car franchise. Consider RNR Tire Express if you’re aiming for success in the automotive sector. Tint World If you’re considering a franchise in the automotive sector, Tint World presents a compelling option with its focus on vehicle styling and accessory services. This franchise requires a minimum investment of $279,950, with a maximum of $439,950 and a franchise fee of $49,950. With an average revenue of approximately $847,268 per location, it showcases strong financial potential. Tint World boasts exceptional customer retention, reflected in its Net Promoter Score of 82% and a Google rating of 4.7. By specializing in automotive improvements, it appeals to a growing market for vehicle customization. Furthermore, Tint World offers extensive training and support, making it an attractive choice among used car franchise opportunities and car sales franchise models in the automotive industry. Frequently Asked Questions What Is the Most Profitable Automotive Business? The most profitable automotive business often includes franchises like Christian Brothers Automotive and CARSTAR, which report average annual revenues of $2.8 million and $3.03 million per unit, respectively. These businesses leverage strong brand recognition and customer loyalty. Moreover, automotive service franchises typically enjoy gross profit margins of 50-65% and net profit margins between 10-25%. Focusing on specialized services and exceptional customer experience can improve profitability in this competitive market. What Is the 30-60-90 Rule for Cars? The 30-60-90 rule for cars is a maintenance guideline that helps guarantee your vehicle runs smoothly. At 30,000 miles, replace the engine air filter, check the fuel filter, and inspect fluid levels. By 60,000 miles, you should replace the timing belt and check the coolant and brake system. At 90,000 miles, replace spark plugs, inspect the suspension, and examine tires and brakes. Following this rule can prevent costly repairs and improve vehicle reliability. What Is the Most Profitable Car Dealership to Own? The most profitable car dealership to own typically involves established brands like Toyota and Honda, known for high resale values and strong customer loyalty. These dealerships can report annual revenues exceeding $10 million by focusing on prime locations, diverse vehicle offerings, and exceptional customer service. Profit margins range from 2% to 5%, but successful dealerships improve profitability through service departments and financing options, making strategic decisions crucial for maximizing returns. Which Automobile Franchise Is Best? Choosing the best automobile franchise depends on various factors, including your investment capacity and interests. Brands like Christian Brothers Automotive stand out for high returns, averaging $2.8 million in revenue per unit. If customer retention is your priority, consider Tint World, known for its impressive Google rating. For those interested in multi-unit ownership, Big O Tires offers attractive opportunities. Evaluate these options based on your financial goals and market demand in your area. Conclusion In conclusion, exploring the top automotive franchise opportunities can lead to a successful investment. Brands like Valvoline Instant Oil Change and Tommy’s Express Car Wash offer strong growth potential, whereas companies such as Midas and AAMCO provide valuable automotive repair services. Furthermore, tire services from Big O Tires and RNR Tire Express, along with vehicle protection from Ziebart and Tint World, present profitable options. By carefully considering these franchises, you can make informed decisions in the automotive sector. Image via Google Gemini This article, "10 Top Automotive Franchise Opportunities to Consider" was first published on Small Business Trends View the full article

If you’re considering a franchise in the automotive sector, there are several strong opportunities to explore. Brands like Valvoline Instant Oil Change and Tommy’s Express Car Wash are leading the way with notable growth. Companies such as Midas and AAMCO offer solid options in automotive repair, whereas Ziebart and Tint World focus on vehicle protection and styling. Comprehending these options can help you make an informed decision about your investment. Explore which franchise might align with your goals. Key Takeaways Valvoline Instant Oil Change offers a strong growth rate of 26.5% with comprehensive training for franchisees and a low franchise fee. Take 5 Oil Change leads in growth at 64.4%, promotes multi-unit ownership, and provides extensive support and analytics tools. Jiffy Lube, with over 2,200 locations, combines a solid growth rate and national marketing support with a reasonable franchise investment. Tommy’s Express Car Wash boasts a staggering growth rate of 276.7%, emphasizing innovative technology and customer satisfaction in its services. Midas, established in 1954, focuses on customer loyalty and offers extensive operational support, making it a trusted choice in automotive repair. Valvoline Instant Oil Change Valvoline Instant Oil Change, ranked 27th in the overall Franchise 500, has established itself as a leader in the quick oil change sector, with 1,679 units and a significant growth rate of 26.5% over the past three years. Founded in 1986 and franchising since 1988, this auto repair franchise focuses on providing efficient services that cater to the high demand for quick automotive maintenance. With an initial investment ranging from $205,000 to $3.3 million, Valvoline offers a strong support system, including thorough training for franchisees. If you’re exploring automotive franchises for sale, Valvoline Instant Oil Change stands out because of its reputable brand, customer loyalty, and proven business model, making it a compelling option for aspiring franchise owners. Tommy’s Express Car Wash Tommy’s Express Car Wash is making waves in the automotive franchise sector with its innovative service approach and impressive growth rate. With 162 locations and a remarkable 276.7% increase in units over the past three years, this franchise emphasizes outdoor work and state-of-the-art car wash technology. As a franchisee, you’ll benefit from extensive support and training, ensuring you’re well-equipped to succeed in this quickly growing market. Innovative Service Approach As the demand for efficient and high-quality car wash services continues to rise, Tommy’s Express Car Wash stands out by implementing an innovative service approach that prioritizes customer satisfaction. This auto service franchise emphasizes a unique outdoor work environment, enhancing the overall customer experience during delivering quick, high-quality service. With a remarkable growth rate of 276.7% in unit numbers over the past three years, it’s clear that consumers appreciate Tommy‘s commitment to modern amenities and customer engagement. By integrating advanced technology and operational systems, this car care franchise streamlines service delivery, ensuring operational efficiency. As a result, franchisees benefit from a strong market presence and the potential for significant returns in a growing industry. Rapid Expansion Growth With a remarkable growth rate of 276.7% in unit numbers over the past three years, Tommy’s Express Car Wash has established itself as a leader in the car wash industry. This franchise, which began franchising in 2016, has swiftly expanded to 162 locations by focusing on innovative technology and exceptional customer service. If you’re considering automotive franchise opportunities, Tommy’s Express provides a compelling option with a significant initial investment ranging from $4.6 million to $7.9 million. This investment reflects their commitment to high-quality facilities. Here’s a quick overview of their growth: Year Unit Numbers Growth Rate 2016 43 – 2019 81 +88.4% 2020 100 +23.5% 2021 130 +30% 2023 162 +24.6% Comprehensive Franchise Support Franchisees benefit markedly from the extensive support offered by Tommy’s Express Car Wash, which is designed to guarantee their success in managing daily operations and delivering exceptional service. The thorough training programs equip you with the skills needed to run your franchise efficiently. Ongoing operational support provides access to corporate resources and industry experts, ensuring you can navigate challenges effectively. Furthermore, you’ll receive robust marketing support, featuring national advertising campaigns and local marketing assistance to improve visibility. With a commitment to innovation, Tommy’s Express utilizes advanced technology, like automated car wash systems and mobile payment options. For those exploring auto repair franchise opportunities or automotive franchises opportunities in New York, this franchise offers a solid foundation for success. Big O Tires Big O Tires stands out as a prominent player in the automotive franchise sector, having been founded in 1962 and now boasting over 460 locations across 24 states. As an auto repair shop franchise, it offers a compelling opportunity for those interested in the automotive industry. Here are some key highlights of Big O Tires: Competitive franchise fee of $17,500. Average revenue per location around $2,864,953. Thorough training, including a four-week pre-opening program. Being part of TBC Corporation boosts your operational efficiency through shared purchasing influence. With a focus on customer trust and quality service, Big O Tires has built a strong reputation, driving repeat business and nurturing customer loyalty in a competitive automotive franchise market. Midas Midas has a rich history, having been founded in 1954 and starting its franchising expedition in 1956, which has allowed it to grow into a recognized name in the automotive service sector. With nearly 2,000 units, Midas emphasizes customer trust and quality repairs, supported by a robust operational framework and thorough training for franchisees. The investment to open a Midas franchise ranges from $104,000 to $886,000, making it accessible for various budgets. Franchisees benefit from ongoing marketing support and a well-established brand presence. Brand History and Growth Established in 1954, this automotive service franchise quickly became a cornerstone of the industry after beginning its franchising expedition in 1956. Midas has built a reputation for quality repairs and customer trust, solidifying its position as one of the leading automotive repair franchises. Currently, Midas operates 1,938 locations, regardless of a slight decline in unit numbers over the past three years. Here are a few key points about Midas: Strong emphasis on customer loyalty and brand recognition. Initial investment ranges from $104,000 to $886,000, making it accessible for various entrepreneurs. Extensive operational support and training guarantee franchisee success. With nearly seven decades in the business, Midas remains a prominent car service franchise worth considering. Investment and Support Options When considering an investment in a franchise, Midas offers a range of options that cater to various financial capabilities. With an initial investment requirement ranging from $104K to $886K, it’s accessible for many aspiring franchisees interested in entering the car repair franchise market. Midas provides robust training programs, equipping you with both technical and business management skills crucial for success. Ongoing operational support from corporate headquarters guarantees you have guidance as you navigate challenges. Moreover, franchisees benefit from Midas’s strong reputation for trustworthiness and quality repairs, which improves customer loyalty. Access to marketing resources and national campaigns boosts visibility, making it a compelling choice for those looking to invest in an auto care franchise. Take 5 Oil Change Take 5 Oil Change offers a compelling franchise opportunity within the automotive service industry, particularly for individuals looking to invest in a fast-growing business model. As a notable player in car franchise opportunities, this auto repair franchise has expanded remarkably since its founding in 1984, now boasting 906 locations and a noteworthy 64.4% growth in units over the past three years. Key features include: Initial investment ranging from $223,000 to $1.6 million, appealing to various entrepreneurs. Extensive training programs and analytics tools to boost efficiency and profitability. Encouragement for multi-unit ownership, enhancing your growth potential. With a focus on fast, convenient service, Take 5 Oil Change is well-positioned for success in the automotive sector. Jiffy Lube When you consider Jiffy Lube as a franchise opportunity, you’ll find a well-established brand with over 2,200 locations and a growth rate of 6.1% in recent years. The initial investment for a Jiffy Lube franchise ranges from $232,000 to $443,000, making it a viable option for many aspiring business owners. With strong operational support and national marketing campaigns, Jiffy Lube equips franchisees to meet the rising demand for quick oil change services effectively. Franchise Overview and Growth Jiffy Lube, established in 1979, stands as a prominent player in the automotive service franchise sector, operating 2,232 locations across the United States. With a Franchise 500 rank of 119, Jiffy Lube showcases its solid reputation in the industry. Over the past three years, it has experienced a 6.1% growth in units, reflecting its resilience and market appeal. Here are key highlights of Jiffy Lube: Initial investment ranges from $232,000 to $443,000, making it accessible for aspiring franchisees. The franchise emphasizes ongoing operational support and national marketing campaigns. Strong customer loyalty is driven by a commitment to high-quality service. For anyone exploring automotive service franchises or car dealership franchise opportunities, Jiffy Lube offers a compelling option. Initial Investment Requirements The initial investment for starting a Jiffy Lube franchise ranges from $232,000 to $443,000, depending on various factors such as location and specific franchise requirements. This investment includes a franchise fee of $35,000, which is crucial for securing your position within one of the best automotive franchises in the industry. With over 2,200 locations across North America, Jiffy Lube offers strong brand recognition and market presence, making it a compelling choice among auto dealer franchise opportunities. Franchisees benefit from thorough training and ongoing support, helping you operate effectively. Additionally, Jiffy Lube has shown a 6.1% growth in unit numbers over the past three years, indicating a stable and increasing franchise opportunity for prospective investors. AAMCO Transmissions and Total Car Care AAMCO Transmissions and Total Car Care, founded in 1963, offers a compelling franchise opportunity for those interested in the automotive service industry. As a recognized auto repair franchise, AAMCO specializes in transmission repair and total car care services, allowing you to cater to various automotive needs. Here are some key points to evaluate: Initial investment ranges from $235,000 to $353,000. Extensive training and ongoing support improve your chances of success. Strong brand recognition nurtures customer loyalty and repeat business. With over 556 units across the U.S., this car mechanic franchise leverages technology to maintain high service quality, ensuring satisfaction in a competitive market. Joining AAMCO can be a strategic move for aspiring franchisees. Ziebart Ziebart stands out in the automotive service industry with its specialized focus on vehicle protection services, including rustproofing, detailing, and window tinting. Founded in 1959 and franchising since 1962, Ziebart has grown to over 409 units, showing a 6.0% increase in the last three years. This car franchise offers an accessible entry point for aspiring entrepreneurs, requiring a minimum cash investment of $75,000. Ziebart’s established brand reputation plays a significant role in attracting customers, encouraging loyalty in a competitive market. With over 60 years of experience, the franchise provides extensive training and ongoing support, ensuring franchisees are equipped to succeed. Ziebart represents a viable option among auto dealership franchise opportunities for those looking to enter the automotive service sector. RNR Tire Express RNR Tire Express stands out as a promising opportunity in the automotive franchise environment, primarily focusing on tire and wheel sales along with vital services such as alignments and brakes. This auto shop franchise boasts an impressive average revenue per location of approximately $1,758,353, showcasing its strong financial performance. Furthermore, franchisees can expect a quick break-even point, making it an attractive investment. Key features include: Initial investment ranging from $220,000 to $500,000. High customer satisfaction with a Google rating of 4.7 and a Net Promoter Score of 80%. A broad customer base, appealing to those looking for a new car franchise. Consider RNR Tire Express if you’re aiming for success in the automotive sector. Tint World If you’re considering a franchise in the automotive sector, Tint World presents a compelling option with its focus on vehicle styling and accessory services. This franchise requires a minimum investment of $279,950, with a maximum of $439,950 and a franchise fee of $49,950. With an average revenue of approximately $847,268 per location, it showcases strong financial potential. Tint World boasts exceptional customer retention, reflected in its Net Promoter Score of 82% and a Google rating of 4.7. By specializing in automotive improvements, it appeals to a growing market for vehicle customization. Furthermore, Tint World offers extensive training and support, making it an attractive choice among used car franchise opportunities and car sales franchise models in the automotive industry. Frequently Asked Questions What Is the Most Profitable Automotive Business? The most profitable automotive business often includes franchises like Christian Brothers Automotive and CARSTAR, which report average annual revenues of $2.8 million and $3.03 million per unit, respectively. These businesses leverage strong brand recognition and customer loyalty. Moreover, automotive service franchises typically enjoy gross profit margins of 50-65% and net profit margins between 10-25%. Focusing on specialized services and exceptional customer experience can improve profitability in this competitive market. What Is the 30-60-90 Rule for Cars? The 30-60-90 rule for cars is a maintenance guideline that helps guarantee your vehicle runs smoothly. At 30,000 miles, replace the engine air filter, check the fuel filter, and inspect fluid levels. By 60,000 miles, you should replace the timing belt and check the coolant and brake system. At 90,000 miles, replace spark plugs, inspect the suspension, and examine tires and brakes. Following this rule can prevent costly repairs and improve vehicle reliability. What Is the Most Profitable Car Dealership to Own? The most profitable car dealership to own typically involves established brands like Toyota and Honda, known for high resale values and strong customer loyalty. These dealerships can report annual revenues exceeding $10 million by focusing on prime locations, diverse vehicle offerings, and exceptional customer service. Profit margins range from 2% to 5%, but successful dealerships improve profitability through service departments and financing options, making strategic decisions crucial for maximizing returns. Which Automobile Franchise Is Best? Choosing the best automobile franchise depends on various factors, including your investment capacity and interests. Brands like Christian Brothers Automotive stand out for high returns, averaging $2.8 million in revenue per unit. If customer retention is your priority, consider Tint World, known for its impressive Google rating. For those interested in multi-unit ownership, Big O Tires offers attractive opportunities. Evaluate these options based on your financial goals and market demand in your area. Conclusion In conclusion, exploring the top automotive franchise opportunities can lead to a successful investment. Brands like Valvoline Instant Oil Change and Tommy’s Express Car Wash offer strong growth potential, whereas companies such as Midas and AAMCO provide valuable automotive repair services. Furthermore, tire services from Big O Tires and RNR Tire Express, along with vehicle protection from Ziebart and Tint World, present profitable options. By carefully considering these franchises, you can make informed decisions in the automotive sector. Image via Google Gemini This article, "10 Top Automotive Franchise Opportunities to Consider" was first published on Small Business Trends View the full article

Yesterday, your phone might have been borderline unusable—at least, when you were away from wifi. That was due to Verizon's nationwide outage, which impacted roughly two million customers across the United States. If you were among them, you couldn't use your phone when you were on the go, which is sort of the idea behind cellphones in general. This included the ability to use navigation apps in your car, send emails or messages for work, or make calls outside of SOS mode, which basically limited you to emergency services. Worse, some users are still experiencing issues this morning following Verizon's official resolution, though there's likely a quick fix for that. I don't have Verizon, but if I did, I'd be a bit ticked off. Outages happen, but this one was massive, and the company still hasn't offered much of an explanation for what actually happened. In spite of this (or, perhaps because of it) the company does seem keen to smooth the whole thing over. When Verizon announced that it had resolved the outage yesterday evening, it also noted that it would reach out to affected customers directly to issue account credits. It's a pain to deal with interruptions to services as important as your wireless network, but at least Verizon wants to compensate you for the problem, right? Just don't expect much. Verizon's account credits might seem a bit lowAt 9:42 a.m. ET, Verizon made a new post on X, once again apologizing for yesterday's issues, and revealing what each affected account can expect to receive as compensation: $20. This Tweet is currently unavailable. It might be loading or has been removed. Verizon says this number represents "multiple days of service" on average, and that no credit can make up for what happened. That might be true, but in my humble opinion, a larger credit could perhaps get a bit closer to making up for what happened. Maybe this is greater than the on-paper dollar value of losing a day of service, but it's not like customers think of their bills as paying for their usage. They pay Verizon quite a bit, expecting that their smartphones to be connected at all times within Verizon's coverage map. Considering the upheaval a day of disconnection no doubt caused, I'm not sure $20 is going to cut it. But I digress: $20 is the number, and $20 is what affected customers can expect to receive. If you're among them, Verizon says you can log into the myVerizon app to claim your recompense. View the full article

The Food and Drug Administration (FDA) is investigating a salmonella outbreak linked to dietary supplement powder that left 45 people sick and a dozen people hospitalized across the country. In the wake of the outbreak, New York-based Superfoods, Inc. has issued a voluntary recall of Live it Up-brand Super Greens dietary supplement powder in the original and wild berry flavors. However, the FDA cautions that additional products might join the recall during its investigation. “To determine a source of contamination, FDA is conducting a traceback investigation of products ill people reported consuming before becoming ill and is working with state partners to sample products of concern,” the agency stated in its Wednesday, January 14, notice. “Additional products may be contaminated, and this advisory will be updated as more information becomes available.” According to the FDA, the salmonella strand has infected 45 people across 21 states between August 22, 2025, and December 30, 2025. There have been 12 cases of hospitalization and no reported deaths. Which products are affected? Superfoods has recalled its Live it Up-brand Super Greens dietary supplement powder in the original and wild berry flavors. The recall includes any products with a best-by date between August 2026 and January 2028. FDA Where was the product sold? Live it Up-brand Super Greens dietary supplement powder is sold nationwide, primarily through the digital storefronts of Amazon, eBay, and Walmart. According to an outbreak map published by the Centers for Disease Control and Prevention (CDC), outbreaks have been reported in the following states: Alabama Connecticut Delaware Iowa Illinois Kentucky Massachusetts Maine Michigan Minnesota Missouri Nebraska New York Ohio Pennsylvania South Carolina Tennessee Utah Vermont Washington Wisconsin What should I do if I have this product? You can either toss or return any of the impacted Super Greens dietary supplement powders you’ve purchased. You should also thoroughly clean and sanitize anything that the product has touched, such as surfaces in your fridge or containers. What salmonella symptoms should I look out for? Did you already consume the supplement powder? If so, there are clear signs of salmonellosis to look out for over the following days. According to the FDA, salmonella can cause abdominal cramps, diarrhea, and fever. In more severe cases, it can bring on additional symptoms including: Aches A rash High fever Headaches Lethargy Blood in the urine or stool The elderly, children younger than 5, and individuals with a weakened immune system are more likely to have a severe case of salmonellosis. Typically, a person who consumes food with salmonella and develops an infection will first experience symptoms within 12 to 72 hours. These symptoms usually last between four and seven days. Contact your doctor if you exhibit any salmonellosis symptoms. View the full article

In a significant move aimed at modernizing the shopping experience, PayPal has partnered with Microsoft to launch Copilot Checkout. This innovation promises to help small business owners tap into AI-powered e-commerce, enabling customers to discover and purchase products without navigating away from the platform. As shoppers increasingly demand seamless online experiences, Copilot Checkout offers a streamlined approach. With this integration, users can browse merchant inventories and complete transactions directly through Copilot.com, thanks to PayPal’s robust payment solutions. This ensures merchants benefit from involved buyers who are equipped with the tools for informed shopping. “Collaborating with Microsoft marks another step forward in our strategy to support merchants and consumers in AI-powered shopping experiences,” said Michelle Gill, General Manager of Small Business and Financial Services at PayPal. “Together, we’re unlocking more meaningful, trusted connections across the commerce ecosystem and shaping the future of intelligent shopping.” The benefits of Copilot Checkout for small business owners are notable. By leveraging PayPal’s agentic commerce services—designed to enhance customer engagement—retailers can significantly reduce friction in the purchasing process. According to PayPal’s estimates, journeys using Copilot lead to 53% more purchases within 30 minutes. Furthermore, buyers exhibit a staggering 194% increase in conversion rates when they engage with Copilot in their shopping journeys compared to scenarios without it. Merchants capturing high-intent shoppers during their decision-making process can expand their reach and drive sales more effectively. Nayna Sheth, Head of Product for Agentic Payments at Microsoft, emphasized this potential for growth. “By integrating PayPal’s commerce expertise into Copilot, we’re enabling a simpler way to move from discovery to purchase while creating new opportunities for merchants and consumers alike.” However, while the benefits are compelling, small business owners should also consider practical challenges in deploying such technology. Adoption requires a willingness to adapt to new systems, as well as some learning curve associated with the integration process. Small businesses should assess their existing infrastructure to ensure seamless adaptation to Copilot’s functionalities. The need for ongoing technical support is another factor to reflect on. With the introduction of advanced technology comes the need for small businesses to have access to the knowledge required to troubleshoot issues. A lack of support can lead to potential disruptions that may hinder sales. Integration with PayPal also implies a reliance on a third-party service that could lead to concerns over transaction fees and other associated costs, which are crucial for maintaining profitability. It’s vital that small business owners weigh these considerations against the expected benefits. For small retailers looking to enter the AI-powered shopping space, the integration offers a robust channel that enhances customer engagement while simplifying payment processing. The tool is designed to work seamlessly across multiple channels where Copilot is available, providing businesses with the flexibility to integrate AI into their shopping experience with relative ease. Ashley Global Retail, one of the first retailers to implement agentic commerce, reported significant benefits. “As one of the first retailers to embrace agentic commerce, we’ve seen firsthand how AI-powered shopping assistants can transform the customer experience,” said Kyle Dorcas, Head of Product Management at Ashley Global Retail. This transformation forms part of a broader strategy for retailers to meet evolving customer preferences while driving engagement. Merchants wishing to explore Copilot Checkout can sign up at PayPal.ai, potentially positioning themselves at the forefront of a retail revolution in the AI landscape. As the retail landscape shifts under the influence of AI, small business owners need to stay informed and adaptable. The launch of Copilot Checkout illustrates how technology can reshape the way consumers shop—an evolution that savvy retailers won’t want to miss. For further details on this new partnership, read the full press release from PayPal here. Image via Google Gemini This article, "PayPal Teams with Microsoft for Seamless Shopping Experience in Copilot" was first published on Small Business Trends View the full article

In a significant move aimed at modernizing the shopping experience, PayPal has partnered with Microsoft to launch Copilot Checkout. This innovation promises to help small business owners tap into AI-powered e-commerce, enabling customers to discover and purchase products without navigating away from the platform. As shoppers increasingly demand seamless online experiences, Copilot Checkout offers a streamlined approach. With this integration, users can browse merchant inventories and complete transactions directly through Copilot.com, thanks to PayPal’s robust payment solutions. This ensures merchants benefit from involved buyers who are equipped with the tools for informed shopping. “Collaborating with Microsoft marks another step forward in our strategy to support merchants and consumers in AI-powered shopping experiences,” said Michelle Gill, General Manager of Small Business and Financial Services at PayPal. “Together, we’re unlocking more meaningful, trusted connections across the commerce ecosystem and shaping the future of intelligent shopping.” The benefits of Copilot Checkout for small business owners are notable. By leveraging PayPal’s agentic commerce services—designed to enhance customer engagement—retailers can significantly reduce friction in the purchasing process. According to PayPal’s estimates, journeys using Copilot lead to 53% more purchases within 30 minutes. Furthermore, buyers exhibit a staggering 194% increase in conversion rates when they engage with Copilot in their shopping journeys compared to scenarios without it. Merchants capturing high-intent shoppers during their decision-making process can expand their reach and drive sales more effectively. Nayna Sheth, Head of Product for Agentic Payments at Microsoft, emphasized this potential for growth. “By integrating PayPal’s commerce expertise into Copilot, we’re enabling a simpler way to move from discovery to purchase while creating new opportunities for merchants and consumers alike.” However, while the benefits are compelling, small business owners should also consider practical challenges in deploying such technology. Adoption requires a willingness to adapt to new systems, as well as some learning curve associated with the integration process. Small businesses should assess their existing infrastructure to ensure seamless adaptation to Copilot’s functionalities. The need for ongoing technical support is another factor to reflect on. With the introduction of advanced technology comes the need for small businesses to have access to the knowledge required to troubleshoot issues. A lack of support can lead to potential disruptions that may hinder sales. Integration with PayPal also implies a reliance on a third-party service that could lead to concerns over transaction fees and other associated costs, which are crucial for maintaining profitability. It’s vital that small business owners weigh these considerations against the expected benefits. For small retailers looking to enter the AI-powered shopping space, the integration offers a robust channel that enhances customer engagement while simplifying payment processing. The tool is designed to work seamlessly across multiple channels where Copilot is available, providing businesses with the flexibility to integrate AI into their shopping experience with relative ease. Ashley Global Retail, one of the first retailers to implement agentic commerce, reported significant benefits. “As one of the first retailers to embrace agentic commerce, we’ve seen firsthand how AI-powered shopping assistants can transform the customer experience,” said Kyle Dorcas, Head of Product Management at Ashley Global Retail. This transformation forms part of a broader strategy for retailers to meet evolving customer preferences while driving engagement. Merchants wishing to explore Copilot Checkout can sign up at PayPal.ai, potentially positioning themselves at the forefront of a retail revolution in the AI landscape. As the retail landscape shifts under the influence of AI, small business owners need to stay informed and adaptable. The launch of Copilot Checkout illustrates how technology can reshape the way consumers shop—an evolution that savvy retailers won’t want to miss. For further details on this new partnership, read the full press release from PayPal here. Image via Google Gemini This article, "PayPal Teams with Microsoft for Seamless Shopping Experience in Copilot" was first published on Small Business Trends View the full article

A Reuters Institute survey finds publishers expect search traffic to drop over 40% in three years as AI answer engines expand. The post Survey: Publishers Expect Search Traffic To Fall Over 40% appeared first on Search Engine Journal. View the full article

Firms use AI, planning, and “hope” to make tax season more manageable. Accounting ARC With Liz Mason, Byron Patrick, and Donny Shimamoto Go PRO for members-only access to more Center for Accounting Transformation. View the full article

Firms use AI, planning, and “hope” to make tax season more manageable. Accounting ARC With Liz Mason, Byron Patrick, and Donny Shimamoto Go PRO for members-only access to more Center for Accounting Transformation. View the full article