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If you’re a small business owner, chances are you’ve considered taking out a loan to help finance your operations. But how do you know if you’re eligible for a small business loan? And what’s the process like? In this comprehensive guide about how to get a small business loan, we’ll discuss everything you need to know, including some handy tips from some insiders. Let’s get started with successfully securing that loan for your venture! How to Get a Loan for a Small Business So, you have your business plan in place, and you’re prepared to secure a business loan. Before you proceed with your application on how to get a small business loan, take a look at these helpful tips… Business plan Having a business plan is essential when applying for a small business loan. Your business plan will show lenders how you plan to use the loan and how you will repay it. A good business plan will also include financial projections for your business. Have a good credit score With a good credit score, you will be more likely to get a lower interest rate on your loan because you are a less risky borrower. If you have a bad credit score, you may still be able to get a loan, but the interest rate will be higher, and you’ll have fewer options for lenders. Having collateral Collateral is an asset that you pledge to the lender in case you can’t repay the loan. Collateral can be your home, your car, or other personal assets like stocks, bonds, or jewelry. Having collateral will give you a better chance of getting a loan, but it’s not always required. Strong repayment history If you have a strong history of repaying loans, you will be more likely to get approved for a small business loan. Lenders will want to see that you have a track record of repaying your debts on time. Apply for the right loan There are many different loan options for small businesses. Make sure you apply for one that’s best suited to your business’s specific needs. For example, if you need money for equipment, you may want to apply for an equipment loan. Find the right lender There are many different lenders out there, so it’s important to find the right one for you. Consider things like interest rates, repayment terms, and fees before making a decision. You’ll also want to consider whether you want to work with a bank or another type of lender. Provide financial statements Financial statements show lenders how much revenue your business generates and how much debt it has. These statements will help the lender determine if you can repay the loan. Financial statements include things like balance sheets, income statements, business bank statements, and cash flow statements. Complete the application process The application process for a small company loan can be time-consuming. Make sure you have all the required documents and information before you start. You’ll also want to make sure you understand the terms of the loan and what will be expected of you before you sign. Be prepared for the underwriting process Underwriting is the process by which lenders evaluate your loan application. They will look at things like your credit score, business history, and financial statements. Be prepared for this process by having all the required documentation, such as your business license and tax returns. Work with a professional There are many different types of loans, and the process of applying for one can be complicated. If you’re not sure where to start, or if you need help with the application process, consider working with a professional loan advisor. They can help you find the best loan for your business and guide you through the application process. Comparison of Factors for Small Business Loan Applications This comprehensive comparison table outlines essential factors to consider when applying for a business loan. Use it as a checklist as you navigate the loan application process, helping you make well-informed decisions to secure the right financing for your business: FactorDescription 1. Business Plan- Essential for demonstrating your loan purpose and repayment plan. Should include financial projections. 2. Credit Score- A good credit score can secure a lower interest rate. Bad credit may lead to higher rates and fewer lender options. 3. Collateral- Pledging assets (e.g., home, car) can enhance loan approval chances. Not always mandatory, depending on the loan type. 4. Repayment History- A strong history of timely loan repayments improves approval odds. 5. Loan Type- Choose the loan type that aligns with your business needs (e.g., equipment loan for equipment purchase). 6. Lender Selection- Consider factors such as interest rates, terms, and fees when choosing a lender. Decide between banks and alternative lenders. 7. Financial Statements- Present financial statements (balance sheets, income statements, bank statements, cash flow statements) to showcase your business's financial health. 8. Application Process- Gather all necessary documents and information before initiating the application process. Understand loan terms and obligations before signing. 9. Underwriting Process- Be prepared for the lender's evaluation, including credit score assessment and reviewing your business history. Ensure you have all required documentation, such as business licenses and tax returns. 10. Professional Assistance- Consider working with a loan advisor if you're unsure or need help with the loan application process. They can offer guidance and find suitable loan options. What Is a Small Business Loan? A small business loan serves as a financial resource that helps small businesses obtain the capital they need to operate, grow, or launch their projects. These loans are typically provided by various financial institutions, each offering different terms and interest rates. Let’s delve into the key features of a small business loan: Definition and Purpose: Startup Costs: Assisting new businesses in covering the initial costs necessary for launching. Working Capital: Providing funds to maintain daily operations and manage cash flow efficiently. Inventory Purchases: This allows businesses to replenish their inventory, which is crucial for taking advantage of seasonal sales surges. Equipment Acquisition: Helping with the purchase of essential machinery, technology, or equipment to enhance business operations. Lender Options: Banks: Traditional lenders that offer loans with a variety of terms and conditions, generally with lower interest rates but stricter eligibility criteria. Credit Unions: Not-for-profit organizations that generally offer favorable interest rates and more personalized service. Online Lenders: Modern platforms that offer a quick application process and faster approval times, though they might have higher interest rates. Loan Types: Term Loans: Loans that are repaid over a set period with a fixed or variable interest rate. Line of Credit: A revolving credit option that allows businesses to borrow up to a certain limit and only pay interest on the amount borrowed. Equipment Financing: Loans specifically for purchasing equipment, where the equipment serves as collateral. SBA Loans: Loans guaranteed by the Small Business Administration, which usually come with favorable terms but have a thorough approval process. Application Process: Documentation: Gathering necessary documents such as business plans, financial statements, and tax returns. Credit Score: Understanding the importance of having a good business or personal credit score to increase the chances of approval. Proposal: Crafting a solid business proposal to illustrate the viability and potential success of the business. Consultation: Seeking advice from financial advisors or consultants to choose the best loan option. READ MORE: How to Get a Business Loan with Bad Credit Here’s an interview with Chris Hurn about Using SBA Loans to Buy a Business: What Are the Types of Small Business Loans? There are many different types of small business loans offered by lenders. Many lenders even work with the Small Business Administration (SBA) to offer loans backed by the government. Here is a list of the primary types of small business loans: SBA loans. These loans are backed by the Small Business Administration and can be used for many different purposes, including start-up costs, equipment, working capital, and even real estate. SBA loan programs include the 7(a) loan program, the 504 loan program, and the disaster assistance loan program. Term loans. A term loan is a type of loan that has a specific repayment schedule and a fixed interest rate. Term loans are typically used to finance short-term needs, such as working capital or inventory. Business lines of credit. A business line of credit (LOC) is a loan that a business can draw on as needed. A LOC can be used for working capital, to finance inventory, or to cover other expenses. It’s similar to a credit card but with a lower interest rate. Invoice factoring. Invoice factoring is when a business sells its invoices to a third party for less money than the invoices are worth. The third party then collects the payments from the people who owe the money. This way, the business can use the money it gets from selling the invoices to pay its current expenses. Merchant cash advances. Merchant cash advances are short-term, unsecured loans that give business owners the flexibility they need to cover their expenses. These advances are paid back using a portion of the business’s future credit card sales. Do You Qualify for a Small Business Loan? To qualify for a small business loan, you’ll need business assets, among other things. Here are some general qualifications lenders look at for small business loans: Business credit score. This is a number that lenders use to assess your creditworthiness. You’ll need a good business credit score to qualify for a loan. Business history. Lenders will want to see that you have a strong history of running a successful business. Your personal credit score is an important factor that lenders will take into account when assessing your loan application. Collateral. Many lenders will require that you put up collateral, such as your house or another asset, to secure the loan. Lenders may also require a personal guarantee. Cash flow. Lenders will want to see that your business has a strong cash flow in order to repay the loan. READ MORE: Business Loan Calculator How Do You Choose the Right Lender for a Small Business Loan? When looking for a small business loan, it is important to choose the right lender. Traditional lenders, such as banks, offer loans to businesses that have been in operation for a certain amount of time and meet other criteria. Online lenders can be an excellent choice for businesses that either do not qualify for traditional loans or require funds urgently. Before making a decision, it’s crucial to investigate various small business lenders and compare interest rates, terms, and other relevant factors. What Are Alternative Options to a Small Business Loan? There are many alternative funding options for small businesses that might not qualify for traditional loans, especially those with unique needs or imperfect credit histories. These alternatives provide various benefits tailored to different business models and financial circumstances: Credit Unions: Often more flexible than large banks, credit unions can provide loans with lower interest rates and personalized service. They’re community-focused and may have more interest in supporting local businesses. Crowdfunding: Platforms like Kickstarter and Indiegogo allow businesses to raise funds directly from customers and supporters. This method not only secures funding but also validates the business idea in the market. Invoice Financing: This allows businesses to borrow against the amounts due from customers, providing immediate cash flow relief. It’s ideal for businesses with long invoice cycles. Microloans: Organizations, including some non-profits and the SBA, offer microloans, which are small loans designed to help startups and small businesses grow. These are especially useful for businesses not requiring large amounts of capital. Peer-to-peer Lending: Online platforms connect businesses with individual investors willing to lend money directly, bypassing traditional financial institutions. This can be a quicker, more accessible option for funding. Also consider: Bad Credit Business Loans: Certain lenders focus on providing loans to businesses that have poor credit histories. Although the interest rates may be higher, these loans offer a chance to improve credit and secure essential funding. Borrowing from Friends or Family: A common strategy for many startups, borrowing from friends or family can offer flexible repayment terms, but it’s important to treat the agreement professionally to avoid personal conflicts. Using Business Credit Cards: Business credit cards can serve as a fast and convenient option for short-term financing requirements. They provide rewards and can contribute to building the business’s credit profile. Applying for a Government Grant: Various government grants are available to small businesses in specific industries or regions. These grants do not need to be repaid, making them an attractive option for eligible businesses. Are Small Business Loans Hard to Get? There is no definitive answer to this question, as it depends on the lender and the specifics of the loan application. However, business credit scores are often a factor that lenders consider when approving or denying a loan. High credit scores indicate that a business is reliable and has a good credit history, while a low score may suggest that the business is risky and may not be able to repay the amount borrowed. What Is the Easiest SBA Loan to Get? The simplest SBA loan to obtain is the 7(a) loan. This loan caters to small businesses that are either starting up or looking to expand. You can use the funds for various purposes, such as working capital, purchasing equipment, and marketing. The application process for this loan is fairly straightforward, and the requirements are less stringent compared to other types of loans. Can You Get a Loan for Your First Business? Yes, as a new business owner, you can secure a loan for your first company. The SBA provides loans to entrepreneurs starting or expanding a small business. However, navigating the loan acquisition process can prove complex. You must present a strong business plan and maintain a solid credit history. To qualify for an SBA loan, you need to base your business in the United States and satisfy specific criteria. You might also want to explore some of the alternative financing options mentioned earlier in this article. Image: Depositphotos This article, "How to Get a Small Business Loan: Insider Tips Revealed" was first published on Small Business Trends View the full article

If you’re a small business owner, chances are you’ve considered taking out a loan to help finance your operations. But how do you know if you’re eligible for a small business loan? And what’s the process like? In this comprehensive guide about how to get a small business loan, we’ll discuss everything you need to know, including some handy tips from some insiders. Let’s get started with successfully securing that loan for your venture! How to Get a Loan for a Small Business So, you have your business plan in place, and you’re prepared to secure a business loan. Before you proceed with your application on how to get a small business loan, take a look at these helpful tips… Business plan Having a business plan is essential when applying for a small business loan. Your business plan will show lenders how you plan to use the loan and how you will repay it. A good business plan will also include financial projections for your business. Have a good credit score With a good credit score, you will be more likely to get a lower interest rate on your loan because you are a less risky borrower. If you have a bad credit score, you may still be able to get a loan, but the interest rate will be higher, and you’ll have fewer options for lenders. Having collateral Collateral is an asset that you pledge to the lender in case you can’t repay the loan. Collateral can be your home, your car, or other personal assets like stocks, bonds, or jewelry. Having collateral will give you a better chance of getting a loan, but it’s not always required. Strong repayment history If you have a strong history of repaying loans, you will be more likely to get approved for a small business loan. Lenders will want to see that you have a track record of repaying your debts on time. Apply for the right loan There are many different loan options for small businesses. Make sure you apply for one that’s best suited to your business’s specific needs. For example, if you need money for equipment, you may want to apply for an equipment loan. Find the right lender There are many different lenders out there, so it’s important to find the right one for you. Consider things like interest rates, repayment terms, and fees before making a decision. You’ll also want to consider whether you want to work with a bank or another type of lender. Provide financial statements Financial statements show lenders how much revenue your business generates and how much debt it has. These statements will help the lender determine if you can repay the loan. Financial statements include things like balance sheets, income statements, business bank statements, and cash flow statements. Complete the application process The application process for a small company loan can be time-consuming. Make sure you have all the required documents and information before you start. You’ll also want to make sure you understand the terms of the loan and what will be expected of you before you sign. Be prepared for the underwriting process Underwriting is the process by which lenders evaluate your loan application. They will look at things like your credit score, business history, and financial statements. Be prepared for this process by having all the required documentation, such as your business license and tax returns. Work with a professional There are many different types of loans, and the process of applying for one can be complicated. If you’re not sure where to start, or if you need help with the application process, consider working with a professional loan advisor. They can help you find the best loan for your business and guide you through the application process. Comparison of Factors for Small Business Loan Applications This comprehensive comparison table outlines essential factors to consider when applying for a business loan. Use it as a checklist as you navigate the loan application process, helping you make well-informed decisions to secure the right financing for your business: FactorDescription 1. Business Plan- Essential for demonstrating your loan purpose and repayment plan. Should include financial projections. 2. Credit Score- A good credit score can secure a lower interest rate. Bad credit may lead to higher rates and fewer lender options. 3. Collateral- Pledging assets (e.g., home, car) can enhance loan approval chances. Not always mandatory, depending on the loan type. 4. Repayment History- A strong history of timely loan repayments improves approval odds. 5. Loan Type- Choose the loan type that aligns with your business needs (e.g., equipment loan for equipment purchase). 6. Lender Selection- Consider factors such as interest rates, terms, and fees when choosing a lender. Decide between banks and alternative lenders. 7. Financial Statements- Present financial statements (balance sheets, income statements, bank statements, cash flow statements) to showcase your business's financial health. 8. Application Process- Gather all necessary documents and information before initiating the application process. Understand loan terms and obligations before signing. 9. Underwriting Process- Be prepared for the lender's evaluation, including credit score assessment and reviewing your business history. Ensure you have all required documentation, such as business licenses and tax returns. 10. Professional Assistance- Consider working with a loan advisor if you're unsure or need help with the loan application process. They can offer guidance and find suitable loan options. What Is a Small Business Loan? A small business loan serves as a financial resource that helps small businesses obtain the capital they need to operate, grow, or launch their projects. These loans are typically provided by various financial institutions, each offering different terms and interest rates. Let’s delve into the key features of a small business loan: Definition and Purpose: Startup Costs: Assisting new businesses in covering the initial costs necessary for launching. Working Capital: Providing funds to maintain daily operations and manage cash flow efficiently. Inventory Purchases: This allows businesses to replenish their inventory, which is crucial for taking advantage of seasonal sales surges. Equipment Acquisition: Helping with the purchase of essential machinery, technology, or equipment to enhance business operations. Lender Options: Banks: Traditional lenders that offer loans with a variety of terms and conditions, generally with lower interest rates but stricter eligibility criteria. Credit Unions: Not-for-profit organizations that generally offer favorable interest rates and more personalized service. Online Lenders: Modern platforms that offer a quick application process and faster approval times, though they might have higher interest rates. Loan Types: Term Loans: Loans that are repaid over a set period with a fixed or variable interest rate. Line of Credit: A revolving credit option that allows businesses to borrow up to a certain limit and only pay interest on the amount borrowed. Equipment Financing: Loans specifically for purchasing equipment, where the equipment serves as collateral. SBA Loans: Loans guaranteed by the Small Business Administration, which usually come with favorable terms but have a thorough approval process. Application Process: Documentation: Gathering necessary documents such as business plans, financial statements, and tax returns. Credit Score: Understanding the importance of having a good business or personal credit score to increase the chances of approval. Proposal: Crafting a solid business proposal to illustrate the viability and potential success of the business. Consultation: Seeking advice from financial advisors or consultants to choose the best loan option. READ MORE: How to Get a Business Loan with Bad Credit Here’s an interview with Chris Hurn about Using SBA Loans to Buy a Business: What Are the Types of Small Business Loans? There are many different types of small business loans offered by lenders. Many lenders even work with the Small Business Administration (SBA) to offer loans backed by the government. Here is a list of the primary types of small business loans: SBA loans. These loans are backed by the Small Business Administration and can be used for many different purposes, including start-up costs, equipment, working capital, and even real estate. SBA loan programs include the 7(a) loan program, the 504 loan program, and the disaster assistance loan program. Term loans. A term loan is a type of loan that has a specific repayment schedule and a fixed interest rate. Term loans are typically used to finance short-term needs, such as working capital or inventory. Business lines of credit. A business line of credit (LOC) is a loan that a business can draw on as needed. A LOC can be used for working capital, to finance inventory, or to cover other expenses. It’s similar to a credit card but with a lower interest rate. Invoice factoring. Invoice factoring is when a business sells its invoices to a third party for less money than the invoices are worth. The third party then collects the payments from the people who owe the money. This way, the business can use the money it gets from selling the invoices to pay its current expenses. Merchant cash advances. Merchant cash advances are short-term, unsecured loans that give business owners the flexibility they need to cover their expenses. These advances are paid back using a portion of the business’s future credit card sales. Do You Qualify for a Small Business Loan? To qualify for a small business loan, you’ll need business assets, among other things. Here are some general qualifications lenders look at for small business loans: Business credit score. This is a number that lenders use to assess your creditworthiness. You’ll need a good business credit score to qualify for a loan. Business history. Lenders will want to see that you have a strong history of running a successful business. Your personal credit score is an important factor that lenders will take into account when assessing your loan application. Collateral. Many lenders will require that you put up collateral, such as your house or another asset, to secure the loan. Lenders may also require a personal guarantee. Cash flow. Lenders will want to see that your business has a strong cash flow in order to repay the loan. READ MORE: Business Loan Calculator How Do You Choose the Right Lender for a Small Business Loan? When looking for a small business loan, it is important to choose the right lender. Traditional lenders, such as banks, offer loans to businesses that have been in operation for a certain amount of time and meet other criteria. Online lenders can be an excellent choice for businesses that either do not qualify for traditional loans or require funds urgently. Before making a decision, it’s crucial to investigate various small business lenders and compare interest rates, terms, and other relevant factors. What Are Alternative Options to a Small Business Loan? There are many alternative funding options for small businesses that might not qualify for traditional loans, especially those with unique needs or imperfect credit histories. These alternatives provide various benefits tailored to different business models and financial circumstances: Credit Unions: Often more flexible than large banks, credit unions can provide loans with lower interest rates and personalized service. They’re community-focused and may have more interest in supporting local businesses. Crowdfunding: Platforms like Kickstarter and Indiegogo allow businesses to raise funds directly from customers and supporters. This method not only secures funding but also validates the business idea in the market. Invoice Financing: This allows businesses to borrow against the amounts due from customers, providing immediate cash flow relief. It’s ideal for businesses with long invoice cycles. Microloans: Organizations, including some non-profits and the SBA, offer microloans, which are small loans designed to help startups and small businesses grow. These are especially useful for businesses not requiring large amounts of capital. Peer-to-peer Lending: Online platforms connect businesses with individual investors willing to lend money directly, bypassing traditional financial institutions. This can be a quicker, more accessible option for funding. Also consider: Bad Credit Business Loans: Certain lenders focus on providing loans to businesses that have poor credit histories. Although the interest rates may be higher, these loans offer a chance to improve credit and secure essential funding. Borrowing from Friends or Family: A common strategy for many startups, borrowing from friends or family can offer flexible repayment terms, but it’s important to treat the agreement professionally to avoid personal conflicts. Using Business Credit Cards: Business credit cards can serve as a fast and convenient option for short-term financing requirements. They provide rewards and can contribute to building the business’s credit profile. Applying for a Government Grant: Various government grants are available to small businesses in specific industries or regions. These grants do not need to be repaid, making them an attractive option for eligible businesses. Are Small Business Loans Hard to Get? There is no definitive answer to this question, as it depends on the lender and the specifics of the loan application. However, business credit scores are often a factor that lenders consider when approving or denying a loan. High credit scores indicate that a business is reliable and has a good credit history, while a low score may suggest that the business is risky and may not be able to repay the amount borrowed. What Is the Easiest SBA Loan to Get? The simplest SBA loan to obtain is the 7(a) loan. This loan caters to small businesses that are either starting up or looking to expand. You can use the funds for various purposes, such as working capital, purchasing equipment, and marketing. The application process for this loan is fairly straightforward, and the requirements are less stringent compared to other types of loans. Can You Get a Loan for Your First Business? Yes, as a new business owner, you can secure a loan for your first company. The SBA provides loans to entrepreneurs starting or expanding a small business. However, navigating the loan acquisition process can prove complex. You must present a strong business plan and maintain a solid credit history. To qualify for an SBA loan, you need to base your business in the United States and satisfy specific criteria. You might also want to explore some of the alternative financing options mentioned earlier in this article. Image: Depositphotos This article, "How to Get a Small Business Loan: Insider Tips Revealed" was first published on Small Business Trends View the full article

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There’s nothing more annoying than arriving at your destination and finding that your checked baggage didn’t make the trip. But thanks to Apple’s new partnership with 15 different airlines, it’s easier than ever to track down your lost luggage—provided you have the right $29 gadget. Here’s what you need to know to help track down your missing baggage as efficiently as possible. U.S. airlines mishandle millions of bags every year While most checked bags get on the proper flight with their owner and arrive as planned, the U.S. Department of Transportation says over 2.8 million bags were “mishandled” by reporting U.S. carriers in 2023. The agency defines a “mishandled” bag as one that is “lost, delayed, damaged or pilfered.” In 2023, about 5.8 out of every 1,000 passengers had something happen to their checked baggage, according to the Bureau of Transportation Statistics. While a damaged bag is unfortunate, at least most your belongings arrive. “Mishandled” bags that are lost, delayed, or stolen, on the other hand, can drastically impact your trip and lead to significant financial losses, depending on what they contain. And, if you’re traveling for business, a lost bag can significantly hamper your work plans. Historically, the only way you could track your checked baggage was via the identifier on the sticker that a gate agent placed on your bag when you dropped it off. In 2021, Apple introduced the AirTag item tracker, giving hundreds of millions of iPhone users a new way to track their items—whether that included keys, purses, or flash drives. Unsurprisingly, many users used AirTags to help track their checked bags from one location to another. The problem was that while users could easily see where their AirTag and attached items were, using the Find My app on their iPhone, they had no easy way to share this information with the airline staff tasked with tracking missing luggage. But now, thanks to recent software updates and agreements with major airlines, that’s changed. Apple teams up with airlines to share AirTag locations Apple released iOS 18.2 in mid-December. The iPhone operating system update garnered headlines for integrating ChatGPT into Apple Intelligence. However, iOS 18.2 also introduced a new feature to AirTags called “Share Item Location.” The feature finally allows users to easily share the location of an AirTag with another individual of their choice. When an AirTag owner shares its location using the Share Item Location feature, the person they choose will receive a link to an interactive map viable in a web browser. The map will show the last known location of the AirTag as well as its geo-coordinates. This allows a third party to track down an AirTag’s shared location easily. [Image: Apple] AirTags have had their share of criticisms since bad actors can use them in nefarious ways, but with Share Item Location, Apple includes a restriction regarding who can access the shared link revealing the AirTag’s location. After clicking on the link, an individual must log into the Share Item Location portal with their Apple ID or an airline partner ID. This ensures that there is always a record of who is viewing your AirTag’s location. Airlines that have partnered with Apple so far include Aer Lingus, Air Canada, Air New Zealand, Austrian Airlines, British Airways, Brussels Airlines, Delta Air Lines, Eurowings, Iberia, KLM Royal Dutch Airlines, Lufthansa, Qantas, Singapore Airlines, Swiss International Air Lines, Turkish Airlines, United Airlines, Virgin Atlantic, and Vueling. If you fly United and you use the United Airlines app to file a missing bag report, you can now include the AirTag’s Share Item Location link with the report. This, says David Kinzelman, United’s chief customer officer, allows United’s staff to “use the location information to find the bag and get it reunited with its owner much more quickly.” How to share your AirTag’s location with an airline to help find your missing luggage With the ability to now share your AirTag’s location with many of the world’s top airlines, it seems like an AirTag should be in every traveler’s arsenal. If you’ve lost a piece of luggage (ugh!) but were savvy enough to have put an AirTag on it, here’s how to share its location with airline staff: Open the Find My app on your iPhone. Tap the Items button in the bottom toolbar. Select the AirTag attached to your missing luggage from the list of items. On the next screen, tap Share Item Location. Tap Continue. Now tap the Share Link button and copy and paste the URL into the airline’s missing baggage report. Airline staff will then log into the AirTag Share Item Location portal to help identify the location of your missing bag so you can get it back as quickly as possible. A single AirTag is just $29; there’s no associated subscription fee for the Find My tracking service. You can also buy a pack of four AirTags from Apple for just $99—perfect if you check a lot of bags when you travel. View the full article

The head of Italy’s fashion chamber said he has appealed to its government to protect the country’s second-largest industry from possible tariffs from the Trump administration. “We hope they don’t arrive,” Carlo Capasa, Italian National Fashion Chamber president, said Wednesday during the presentation of the calendar for the next Milan Fashion Week later this month. “If [President Donald] Trump penalizes the second industry in Italy, it is a pretty hostile declaration.” Fashion generates 5% of Italy’s gross domestic product, or 75 billion euros ($78 billion), through the production and sale of textiles, apparel, and footwear, and with 1.2 million employees, according to a study by the state development bank CDP released in December. The threat of tariffs from Trump is creating uncertainty in the industry as it experiences a global contraction that shrank global sales in 2024 by 5%, dropping to 96 billion euros from 110 billion euros in 2023, according to figures released by the fashion chamber. Beyond textiles, apparel, and footwear, the figures also include jewelry, eyewear, and leather goods. While Trump has threatened to impose tariffs on European imports to the U.S., he has not made clear plans. Italy exported 4.6 billion euros worth of luxury fashion to the United States during the first 10 months of last year, including apparel, footwear, leather goods, jewelry and eyewear. It is the third market following France and Germany, with 7.6 billion euros and 4.7 billion euros in sales of Italian luxury fashion, respectively, during the same period. Exports in the same period were up 2.5% to 91 billion euros, according to the fashion chamber data. Despite the drop in global sales, the industry is still topping the results before the COVID-19 pandemic, with sales of 90 billion euros in 2019. —By Colleen Barry, Associated Press View the full article

Diane Wilson had heard rumors for months that Exxon might be coming to Point Comfort, Texas, which sits on the Gulf Coast south of Galveston. She recalls whispers about the global behemoth hiring local electricians and negotiating railroad access. Two days before Christmas, the first confirmation quietly arrived: an application for tax subsidies to build an $8.6 billion plastics manufacturing plant. Wilson found the news particularly alarming. She has spent years fighting to clean up pollution from another petrochemical plant and won a $50 million settlement against its owners, Formosa, in 2019. Exxon would build its proposed facility across from that factory and discharge waste into the same waterways Wilson has spent decades fighting to protect. “We have been cleaning the piss out of [Cox Creek], and this is the very place where Exxon is going to try to put its plastics plant,” Wilson, who lives in nearby Seadrift, said of the facility’s potential location. “You see this nightmare of another plant, trying to do the very same thing.” Exxon’s proposal calls for a steam cracker, a facility that uses oil and natural gas to make ethylene and propylene—the chemical building blocks of plastic. Factories like this produce and sell plastic pellets, called nurdles, to other manufacturers who turn them into intermediary or final goods, like bottles and packaging. Besides ethylene and propylene, steam crackers produce climate pollution and hazardous chemicals like ammonia, benzene, toluene, and methanol. “It looks like a big facility,” Alexandra Shaykevich, research manager for the Environmental Integrity Project, which tracks fossil fuel development, said of the plan Exxon has dubbed the Coastal Plain Project. But she said that because much of the application was redacted and the company hasn’t made a public announcement, few details are available. “We’re going to be looking at this one closely.” Beyond the Formosa plant, Point Comfort is home to a nitrile factory, a plastics facility, and a Superfund site. Several other industrial sites dot the coast around Galveston. Many of them sit alongside communities, and previous analyses have shown that steam crackers in particular are disproportionately sited near marginalized groups. According to an environmental justice mapping tool from the U.S. Environmental Protection Agency, more than half of Point Comfort residents are people of color, more than half have less than a high school diploma, and more than half of households speak limited English. “They talk about a sacrifice zone—this is the real deal,” said Wilson. Exxon filed for tax subsidies from the Calhoun County Independent School District under the state’s Jobs, Energy, Technology and Innovation, or JETI, Act, which uses tax incentives to lure businesses to the state. Lawmakers passed that law in 2023 to replace an earlier tax-break program that critics said undermined school finances and amounted to “corporate welfare.” The Formosa Plastics plant in Point Comfort, Texas. The operation has long released pollution into the air and a nearby creek, and some in town worry the factory Exxon may build there will do the same. [Photo: Mark Felix/AFP/Getty Images] Exxon wrote in its application that it plans to apply for more abatements from the county, groundwater conservation district, and port authority. In return, it argued, the facility would create 300 jobs during its first five years in operation. Construction would begin next year and, once it’s operating at full capacity in 2032, Exxon says the operation will raise the state’s economic output by $3.6 billion a year. “These tax incentives have become one of the early battles in these facilities,” said Robin Schneider, executive director of Texas Campaign for the Environment, an advocacy organization. She estimates that Exxon could get about $250 million in local tax breaks over a 10-year period—almost $1 million per job. “Why is this massively profitable business getting this money from taxpayers?” she asked. Exxon brought in $33.7 billion last year, on record-high production, and distributed more money to shareholders than ever before. School district officials did not respond to requests for comment and, in an email, County Judge (the title given to county administrators in Texas) Vern Lyssy did not answer specific questions, only repeated the language used in Exxon’s statement. A county commissioner, Joel Behrens, expressed support for Exxon and the economic development it could bring, comparing the opportunity to his positive experiences with Formosa. “If they were to pick this area to come to, they’d probably be just as good a neighbor as Formosa,” he said. “They’ve helped the county out when the county needed help.” Exxon did not respond to questions about the pollution a new steam cracker might create. Company spokesperson Lauren Kight said the application for tax subsidies in Calhoun County does not mean Exxon has committed to building there. The company indicated in its JETI filing that its focus was on “the U.S. Gulf Coast” but that it is still considering other locations, including abroad. “The Gulf Coast presents tremendous advantages,” said Kight, but it’s “very early in our evaluation process.” The proposal comes at a time of booming growth for the plastics industry, and for the pollution that it inevitably creates. The world produces about 57 million metric tons of plastic pollution every year, according to a study published in September in the journal Nature. World leaders have spent the past two and a half years negotiating a United Nations treaty to “end plastic pollution,” and at least 69 countries say they want to do that by limiting how much is created in the first place. Plants like the one Exxon is planning are “the absolute opposite direction we should be going,” said Judith Enck, a former Environmental Protection Agency official and president of the nonprofit Beyond Plastics. She worries that this facility, like others, would spew pollution for decades. “Once these things are built, it’s hard to get them to stop operating.” Setting aside the environmental argument, financial analysts say it’s imprudent to invest in more plastic production. All three credit rating agencies have issued warnings over expanding fossil fuel and plastics infrastructure, including one from Standard & Poor’s in 2021 that cited oversupply of petrochemicals, protests from local residents, and “surging global pressure to reduce carbon emissions as well as chemical and plastic pollution worldwide.” Abhishek Sinha, an energy finance analyst for the nonprofit Institute for Energy Economics and Financial Analysis, said that while the Trump administration may be ushering in a period of lax regulation for polluting industries, the petrochemical sector is in “structural decline”—as shown by the poor returns Shell’s chemicals division and Formosa Plastics recently reported. “I think it’s going to be the same story that’s being told again and again,” Sinha said, referring to Exxon’s proposed steam cracker. “This is not going to be a positive value-add project for them; it’s going to be detrimental to the equity holders in the long run.” Kight did not directly address these concerns but said Exxon would “continue to evaluate the market conditions before we make a decision.” For Wilson, Exxon’s proposal feels like déjà vu. More than three decades ago, the Taiwanese petrochemical conglomerate Formosa proposed its plant, just miles from the Gulf of Mexico, where Wilson’s family had been shrimpers for generations. Her fight against the company started with hunger strikes to protest its permits and eventually became a lawsuit over the exact outcomes she had feared. Wilson and former plant workers joined environmental activists to collect tens of thousands of nurdles from Lavaca Bay and nearby waterways like Cox Creek, and alleged that Formosa had illegally dumped them along with other pollutants. Her $50 million settlement is the largest award in a citizen suit against an industrial polluter in the history of the federal Clean Water Act. The settlement funded dozens of projects, including cleaning up waterways, and provided $20 million for a fishing cooperative aimed at helping rebuild that battered industry. But Wilson worries another mega-factory coming to the area would undermine that work. “Where Exxon is going to put their bloody plant is smack-dab in front of [what will be] one of the largest oyster farms in Texas,” said Wilson, who is not convinced that any plastics factory can operate without polluting. She noted that Formosa has already violated its settlement agreement nearly 800 times, racking up over $25 million in fines. “Exxon is going to be exactly like Formosa.” Wilson considers the fact that Exxon could still decide not to build in Calhoun County an opportunity to resist, and plans to fight the company at every step of the process. “A lot of people over the years have asked me what my one regret is, and I always say: ‘I didn’t try hard enough to stop Formosa,’” reflected Wilson. This time, she said, “I will do everything I can, for as long as I live, to stop that plant from coming in.” This article originally appeared in Grist, a nonprofit, independent media organization dedicated to telling stories of climate solutions and a just future. Sign up for its newsletter here. View the full article

On Friday, January 10, four men worked quickly in a cold storage facility in Downtown Los Angeles, loading a van with vegetables. The normally chatty crew were nearly silent as they transferred potatoes, carrots, beets, radishes, cabbage, greens, and other produce that they had just trucked in from the fields near Bakersfield. The rest of the ordinarily bustling facility, with 20-some loading docks, was empty. The owner of the farm, one of the best-known stars of the L.A. restaurant and farmers market scene, had revealed in an earlier phone call that agents from U.S. Border Patrol had been to the gates of their farm the day before, and many other farms in Bakersfield, looking to detain undocumented workers—including these men. The farmer asked we not use the name of the farm or any of their longtime workers, because they feared being targeted in an immigration raid. The foreman of the crew working in the warehouse, who is a U.S. citizen, acknowledged he’d been on the farm when the agents showed up. “Yes, Border Patrol came. I was out there. They didn’t pick up any of our people,” he said. The foreman asked not to be named to protect the identity of his employer. “They came with a lot of trucks?” “Yeah. Our guys were hiding in the packing shed until they left.” On the phone, the farmer was livid. “The impact this is going to have on food is crazy,” the farmer added. “They are visiting everyone. Southern California’s whole food infrastructure.” U.S Customs and Border Protection, the agency which includes Border Patrol, acknowledged in a statement that they had sent 60 agents from the El Centro office, more than 300 miles to the south on the Mexico border, to sweep the Bakersfield area for four days as part of “Operation Return to Sender.” The agency reported arresting 78 people, but others estimated that nearly 1,000 may have been arrested and released. The farmer said there are normally 15-18 people in the fields, but that on January 10 only five showed up. California grows a quarter of all the country’s fresh produce, fruits, and nuts—most of which require hand labor to process, as opposed to automation. It’s harvest time for seasonal oranges, mandarins, lemons, and other citrus right now. “Trump doesn’t want so-called ‘terrorists’ to come in from other countries, but he won’t let our people pick the food we all eat. Where does he think the food is going to come from?” the farmer added. The new administration, it seems, should be asking the same question. Rather than seeking to get rid of migrants, the government is likely in the long run to be looking for more of them. “California and the United States face a big challenge in the demography of our country and state: For the first time in our history, we have more people retiring than entering the labor force,” said Hans Johnson, a demographer with the Public Policy Institute of California. Baby boomers are exiting the labor pool, and younger cohorts that we have given names like Millennials or Gen Z just aren’t as numerous. The lack of young people in schools across the country from elementary through college has already caused consolidations and closures, a phenomenon Johnson also studies. PPIC reports that California relies on inflows of workers from other states and also immigration to drive its booming economy. “So in California, we are home to more immigrants than any other state, and we have a higher share of our population made up of immigrants than any other state,” continued Johnson. “Immigrants in California, including those who are here either as naturalized citizens or those who have legal permanent status, and those who have unauthorized and temporary status, make up almost one out of every three workers in the state.” There are an estimated 500,000 to 800,000 farmworkers in California—one-third to one-half of all the farmworkers in the U.S. The office of Gov. Gavin Newsom estimates that 50% of those in California are unauthorized; other estimates are higher. If a significant number of those workers are deported, or even just too scared to work, Johnson said, labor shortages would be serious. Farmers would lose money or go out of business. Tax revenues would fall. Food production would go down. A cascade of supply chain issues would drive up food prices. In fact, this has already happened in recent history: In 2011, both Georgia and Alabama passed laws designed to push undocumented workers out of the state, and crops requiring hand labor, like watermelons and onions, rotted in the fields. The Georgia Fruit and Vegetable Growers Association reported that 40% of their needed workforce disappeared, and they suffered big economic losses. The Georgia agriculture commissioner said that financial incentives failed to lure other citizens (including criminals on probation) to do this backbreaking work. This is also part of a global and long-term trend: The number of workers is shrinking. According to a 2024 report from University of Washington researchers published in the British medical journal The Lancet, birthrates in the U.S. and most of the developed world—including Mexico—are already well below levels required to maintain a stable population, and are projected to continue falling. A total fertility rate (TFR) of 2.1 children for every woman is required to replace an existing population; in 2024, the U.S. had a TFR of 1.84, and Mexico’s was around 1.79. The point of the University of Washington study is that the entire developed world is already short of workers, and this will have enormous economic consequences. “One solution,” offered Johnson, who was not involved in that study, “is to allow immigrant workers to come into the United States or certainly to allow immigrant workers who are already here to continue to work.” That is, if you can even keep them. The University of Washington study noted that by 2050, over 75% of the countries on Earth, and all of the developed countries, will have falling populations. Workers will be in very high demand. Lead research scientist Natalia V. Bhattacharjee said, “These future trends in fertility rates and live births will completely reconfigure the global economy and the international balance of power and will necessitate reorganising societies. Global recognition of the challenges around migration and global aid networks are going to be all the more critical when there is fierce competition for migrants to sustain economic growth.” Anticipating the future worker shortage, China and Russia are already deepening economic ties with Africa, where birthrates are still high. Back in the Los Angeles warehouse, the foreman went over the order. The men loaded the produce into the van with a special urgency, as it was earmarked as free food relief for those who had just lost houses in the Eaton and Palisades fires. Even as they checked off each quantity of potatoes and greens, the fires were still raging. Grocery stores and restaurants and food warehouses had burned to the ground. At LA HomeFarm, the specialty grocery owned by my wife and me, we were using cash donations to buy this food and get it to people who needed it, thus keeping farmers in business and people fed. But the key to all of this is the farmers. Without them, there’s no food. The CBP nevertheless targeted L.A.’s food system when thousands of homes and businesses were incinerated. “Everyone is frightened, and they should be,” said the farmer on the phone, as we talked about the next order. “No one is going to work. They’re telling me, ‘I’m afraid to go to work.’ So what do I do? I don’t want to be responsible, either, for anyone getting deported.” Ana Alicia Huerta, a Bakersfield attorney who works on immigration issues and is part of the Rapid Response Network of Kern County, acknowledged that the Border Patrol actions caused a “community panic.” The agents turned up at places where Latino people gathered, such as the Mercado Latino, a popular local mall with over 100 shops; Bobby Salazar’s restaurant; and the Home Depot. They whisked people away to El Centro in buses, and few were able to contact attorneys or support, or even organize a ride home once they were released. Huerta spoke at a Jan. 10 protest rally in Bakersfield that drew hundreds of people, and encouraged the area’s immigrant population to share information, so they could rely on facts and not rumors, and to review distributed information about their rights. But if farms are going to keep their workers, she noted, the whole immigration system needs an overhaul. “The system, as it is, is just broken,” Huerta said. “There’s a lot of obstacles put in the way of somebody who really wants to create a new life for themselves here.” If, for example, someone in the U.S. with legal status or a green card sponsors a relative through what’s called a “family petition,” they are forced to wait for a visa opening. Which can take as long as 20 years. During that time, the person cannot get married or change important details about their life, or they’ll have to start over. And if they get a visa, there’s no path to citizenship. The people who try to comply with the rules are regularly punished with fees and forced to wait out political or gang violence, economic collapse or natural disasters. “We come from such a great nation of immigrants that I think it’s worth reevaluating the current system,” said Huerta, “because, to be honest, it’s completely bonkers.” — Dean Kuipers, Capital & Main This piece was originally published by Capital & Main, which reports from California on economic, political, and social issues. View the full article

We all know the people pleaser in the office—the one who takes on extra work, stays late without being asked, and is at the full disposal of the department manager. They also may agree with whatever the majority says and will dodge conflict, even though they are in the right. But does this mentality pay off? Likely not, say experts. Who exactly is a people pleaser? A people pleaser is someone who abandons their own needs and values to try and make someone else happy, explains Amy Morin, a psychotherapist and the author of 13 Things Mentally Strong People Don’t Do. While on the surface, you may think this selfless approach will fast-track you at work, however, this mindset can hurt your job success. Here’s how: Your ideas won’t be shared: Your rah-rah attitude, or fear of making waves could be a barrier, especially in brainstorming sessions. “You may not disagree with anyone or offer different opinions due to fear you might upset someone,” says Morin. Plus, this facade could prevent you from speaking your true opinions. “You also might agree to things you don’t really believe in, because you fear your ideas might be frowned upon,” she says. You won’t demonstrate leadership skills: If you want to advance in your career, it’s critical to showcase your ability to lead a team. “It’s important to be able to say ‘no,’ and if you can’t, you’re going to go along with bad ideas or you might get talked into doing things that are bad for the company,” says Morin. “You aren’t likely to be promoted if you look like a doormat.” You won’t advocate for yourself: Being a people pleaser can cause you to be afraid to speak up when you need to at work. You won’t ask for a raise, speak up when you’re treated poorly, or ask for what you need, Morin says. If you don’t advocate for yourself, others are likely to surpass you. You dilute the quality of your work: Being a people pleaser can usurp both your time and energy. “If you’re always saying ‘yes’ to helping other people, you’ll have less time and energy to devote to your tasks,” cautions Morin. “The quality of your work is likely to suffer because you’ll be spread too thin.” You shield your authenticity: People also don’t get to know the real you when you don’t share your true thoughts or personality. A people pleaser might feel lonely because they don’t get to develop authentic relationships with people, says Morin. You take on others’ emotional baggage: You don’t have the power to make others feel happy—and if you try, you might grow frustrated, says Morin. “People pleasers often blame themselves for how other people feel, so you may assume you’re doing something wrong if your efforts aren’t making them happy,” she says. You can hinder your own success: People pleasers shy away from difficult conversations about their progress or tend to avoid advocating for their own development, says Michelle Reisdorf, district president at Robert Half in Chicago. “This can hinder their career growth and potential opportunities,” she says. You don’t set healthy boundaries: People-pleasing employees can get stuck with a heavier workload because they don’t speak up more when work is unloaded onto them. ”If someone struggles with setting healthy boundaries, they may end up taking on more work than what is manageable or accepting demands that fall outside their typical responsibilities,” says Reisdorf. How can a people pleaser pivot themselves to self-advocacy? It can take a plan and then practice for effective strategies to collaborate and cooperate without people-pleasing, but having the will is the best springboard to turn the page on being a doormat. “It might involve finding ways to speak up and say what you need, while recognizing that no one has to give you what you’re asking for,” says Morin. She notes it can take planning and practice to get better at collaborating without turning to people-pleasing. But it is possible to improve, says Morin. “It might involve finding ways to speak up and say what you need, while recognizing that no one has to give you what you’re asking for. So, if you’re uncomfortable speaking up for yourself, start small, advises Morin. “Share one idea at every meeting you attend,” she suggests. “And, when you share ideas often, you’ll see that there will be times when people disagree or dismiss your ideas.” The goal is to get more comfortable with that. As you ease into this plan, she acknowledges there will also be times when people really like your ideas and you may find it feels uncomfortable to be the center of attention or to receive praise, but this is part of your growing strategy. “Exposing yourself to that feeling will also help you grow more comfortable with it.” Another key component of breaking this pattern is to accept that you can’t make everyone happy and sometimes there will be conflict. Disagreements are part of any healthy relationship, and they often lead to better solutions and new strategies, she says. “You may need to work on yourself to recognize that you’re still an okay person even if someone disagrees or is angry with you.” If you always say yes, set out to say no or disagree at least one time per week, Morin recommends. You’ll see how others react and respond to you when you decline an invitation or express yourself. “That can help you see that people aren’t likely to get as upset as you imagined or respond with anger,” Morin says. “And if they do get upset, it’s just another opportunity to practice tolerating your discomfort and coping with those feelings.” Additionally, setting boundaries can allow people pleasers to feel empowered. This path can lead to more confidence and self-advocacy. “Once you’ve assessed your bandwidth, I recommend discussing it with your manager or a trusted mentor to develop a work plan that establishes clear boundaries and aligns with both your well-being and the team’s goals,” says Reisdorf with Robert Half. This more measured approach can be liberating and help you avoid project overload. “Setting attainable and measurable goals will help guide your efforts, keeping you accountable for your progress while also highlighting areas where you might have the capacity to support others in a more balanced and sustainable way,” says Reisdorf. View the full article

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You know you’ve said it. We all have. “Mmm, that looks so delicious—I want to try some!” That’s because when it comes to what we eat, it’s not just a matter of taste. What foods and drinks look like—the colors we see before the first morsels or sips hit our taste buds—have mattered to people for millennia. And nowhere has that been more blatant than the American food palate, where the visual spectrum we choose from includes not only the primary colors but artificial ones that nature couldn’t even dream up. For well over a century, food manufacturers in the United States have used synthetic dyes in their products as part of their production and marketing efforts. Often, it’s been in hopes of making a mass-produced food look as fresh and natural as possible, reminiscent of the raw ingredients used in its production. In other cases, it’s been about making an item look interesting or distinctive from competitors, like candies or desserts in an electric blue or neon pink. Think “blue raspberry Slurpee” or “Flamin’ Hot Cheetos.” It hasn’t been without controversy. Over the decades, there have been pushback and government regulation over just how food and drink have been colored, most recently with the decision last month from the federal Food and Drug Administration to ban red dye No. 3 from foods and oral-ingested drugs because of concerns over a possible cancer risk. But no one’s calling for food NOT to be colorful. That’s because there’s no escaping the importance of what we see when it comes to what we eat, says Devina Wadhera, faculty associate at the College of Integrative Sciences and Arts of Arizona State University. “Your first sensory contact, if your eyes are open, is going to be sight,” she says. “That’s going to be the first judgment we’re going to make.” Visual appeal is pivotal The food manufacturers of the late 19th century knew they had to get the visual appeal right. It was part of their marketing, as a shorthand to encourage brand recognition, to make consumers feel comfortable about quality and overcome worries (or realities) about spoilage as food production became industrialized, says Ai Hisano, author of Visualizing Taste: How Business Changed the Look of What You Eat. Synthetic dyes helped overcome problems like foods losing color in the production process and helped make foods look more “natural,” she says. Then, over time, dyes were deployed to make foods look “fun” and appealing to audiences like young children. (That doesn’t mean manufacturers didn’t sometimes use colorants that could even be deadly—hence the reason there’s regulation.) She pointed to the mid-20th century example of cake mixes, which reduced the amount of effort required to bake a cake at home because most of the ingredients were already included. Food companies began promoting colorful icing for the cakes as a way women baking at home “could kind of present their personality even though they are making a premixed cake,” Hisano says. We become conditioned to coloring The connections we make between colors and foods are learned, Wadhera says. “Throughout our lives, we make associations which mean things. Cake is associated with birthdays. Ice cream is associated with parties and good times, so everything is associative learning. Color is one of those things that we have this tendency to learn about different flavor pairings.” She gave the example of the spate of products like chips and other snacks that are marketed as having an extra kick. Often “they’re super red because (companies are) trying to say, ‘Hey, this is going to be spicy’ because they’re trying to get to this sensation or perception that this is going to be really spicy—buy it.” The connections that we make between color and taste can also change according to the context, says Charles Spence, professor of experimental psychology at the University of Oxford. A blue liquid in a plastic cup in a bathroom? Could be minty mouthwash. The exact same color liquid, in a bar, held in a rocks glass? Could be bitter gin. Different cultures around the world also have different color associations, he says, although it’s fairly constant across geographies that the more vivid a color is, the more intense people assume the flavor will be. It can even extend past the food itself to the colors involved in its presentation, Wadhera says, pointing to research showing people eating different amounts or preferring certain foods linked to the colors of the dishes used to serve them. And much of the time, she says, people aren’t necessarily aware they’re doing it. “There’s a lot of things with color that you can manipulate and affect judgments,” she says. “You don’t think of it, though. . . . We make automatic judgments on the food and we don’t even realize it.” —By Deepti Hajela, Associated Press View the full article

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In the digital world where creativity knows no bounds, Patreon has emerged as a powerful membership platform that allows creators to earn a sustainable income. With Patreon, creatives across all fields can turn their passion into profit, engaging a community of fans who are willing to pay for exclusive access to their work. This article explores how to make money on Patreon and provides tips for maximizing your success. What is Patreon? So, what is Patreon, and how can creators leverage it to make money? Patreon is a membership platform that allows creators to earn income by offering a subscription service to their fans. It acts as a virtual tip jar or fan club, where supporters, referred to as patrons, contribute a set amount regularly to gain access to exclusive content from their favorite creators. Why Patreon is an Ideal Platform for Creators Patreon excels by creating a platform where creators can establish direct connections with their fans, allowing them to earn money while delivering exclusive content and experiences. Below are some of the key features that differentiate Patreon: Exclusive Content: Creators can offer patrons exclusive access to new work, behind-the-scenes content, and more. Community Engagement: The platform allows creators to interact directly with their fans, fostering a sense of community. Flexible Membership Tiers: Creators can offer multiple levels of membership, each with its own set of rewards and benefits. Recurring Income: Rather than depending on one-time sales, creators have the opportunity to generate consistent income through ongoing patron subscriptions. Setting Up Your Patreon Account for Success Before launching into the world of Patreon, there are some key steps to ensure your success. Choosing Your Niche Identifying a niche that aligns with your interests and has potential demand is critical. Some popular niches on Patreon include: Podcasting Visual Art Writing Video Production Music Gaming Setting Up Your Patreon Page Once you have a niche in mind, it’s time to set up your Patreon page. Here’s a step-by-step guide to help you get started: Sign Up: Create an account on Patreon’s website. Choose Your Niche: Identify what type of creator you are and what you plan to offer. Set Up Membership Tiers: Decide on what tiers of membership you will offer and the perks for each tier of membership fee. Build Your Page: Add a bio, images, a welcome video, and other details to make your page engaging. Launch: Once your page is ready, promote it on your other social media platforms to attract patrons. Ways to Make Money on Patreon Monetizing your creativity on Patreon can take many different forms. In this section, we’ll explore several strategies to help you maximize your income potential. Ways to Make Money on PatreonStrategy DescriptionTip for Success Offer Multiple Membership TiersCater to fans with different budget levels and engagement interests, thereby maximizing your earning potential.Survey your audience to determine what tiers and benefits would be most appealing to them. Create High-Quality, Exclusive ContentAttract and retain patrons by consistently delivering high-quality content that they can't find anywhere else.Set a consistent content schedule and keep a pipeline of ideas to ensure regular, unique output. Regular Interaction and Engagement with PatronsFrequent interaction and engagement with your patrons not only fosters a sense of community but also encourages them to maintain their memberships.Use Patreon's polling and messaging features to engage patrons regularly, and respond promptly to comments and messages. Utilize YouTube to Drive Patreon SubscriptionsLink your Patreon page to your YouTube channel, offering early access or exclusive content to your patrons, thereby encouraging more subscriptions.Promote the exclusive benefits of Patreon membership in your YouTube videos and link back to your Patreon in the video description. Set Attractive Subscription FeesStriking the right balance between what value you provide and how much you charge for it is key to setting attractive subscription fees.Monitor patron feedback and be ready to adjust pricing based on the perceived value and your income goals. Organize Paid Live Streams or WebinarsHosting live streams or webinars can provide added value to your patrons and provide an additional income source.Choose topics that resonate with your audience, and ensure the tech setup is flawless for a smooth streaming experience. Sell MerchandiseSelling merchandise like t-shirts, posters, or custom art pieces can add a lucrative income stream.Create high-quality, unique merchandise that fits with your brand and appeals to your audience. Provide Early or Exclusive Access to Your WorkOffering early or exclusive access to your work can incentivize more patrons to subscribe.Make sure early access content is truly valuable and well-promoted, and that you deliver on promises to ensure patron satisfaction. Offer Multiple Reward Tiers and Membership OptionsOffering a variety of rewards and membership options caters to a wider audience, increasing potential earnings.Vary the rewards based on the level of support, offering something for everyone, from casual fans to die-hard supporters. Utilize Other Social Media PlatformsPromote your Patreon page on other social media platforms to attract a broader audience.Tailor your promotional messages to fit the unique dynamics of each platform and encourage followers to support you on Patreon. Offer Multiple Membership Tiers By providing a variety of membership options, you can appeal to fans with varying budgets and levels of engagement, which will help you maximize your earning potential. Create High-Quality, Exclusive Content Attract and retain patrons by consistently delivering high-quality content that they can’t find anywhere else. Regular Interaction and Engagement with Patrons Frequent interaction and engagement with your patrons fosters a sense of community and encourages them to maintain their memberships. Utilize YouTube to Drive Patreon Subscriptions Link your Patreon page to your YouTube channel, offering your patrons early access or exclusive content, thereby encouraging more subscriptions. Set Attractive Subscription Fees Striking the right balance between what value you provide and how much you charge for it is key to setting attractive subscription fee tiers. Organize Paid Live Streams or Webinars Hosting live streams or webinars can provide added value to your patrons and provide an additional income source. Sell Merchandise Selling merchandise like t-shirts, posters, or custom art pieces can add a lucrative income stream. Provide Early or Exclusive Access to Your Work Offering early or exclusive access to your work can incentivize more patrons to subscribe. Offer Multiple Reward Tiers and Membership Options Offering a variety of rewards and membership options caters to a wider audience, increasing potential earnings. Utilize Other Social Media Platforms Promote your Patreon page on other social media platforms to attract a broader audience. How to Make Money on Patreon as a Writer Writers can harness Patreon’s potential by offering unique content or experiences to their patrons. Here are a few strategies: Serialized Novels: Release your novel chapter by chapter exclusively to your patrons. Writing Workshops: Host digital writing workshops or webinars. Behind-the-Scenes Access: Give patrons an inside look into your writing process. Early Access: Offer patrons early access to your latest work. How to Make Money on Patreon as an Artist Artists can use Patreon to transform their passion into profit. Here are a few strategies: Art Tutorials: Share your expertise through tutorials or classes. Commissioned Work: Offer custom artwork for higher-tier patrons. Digital Art Downloads: Provide downloadable digital art pieces. Studio Tours: Give patrons virtual tours of your workspace or process. Patreon Earnings and Fee Structure Patreon operates on a tiered fee structure based on the plan you choose, taking a percentage of your earnings each month. Currently, the pricing tiers include Pro and Premium. Pro Plan: Patreon takes an 8% commission with the Pro plan. This plan offers advanced features like membership tiers, analytics and insights, promotional tools, priority customer support, and more. It’s designed for creators who want to grow their businesses and offer more to their patrons. Premium Plan: The Premium plan is for well-established creators or businesses that need a little more. It offers everything in the Pro plan plus merchandise for membership and a dedicated partner manager for either a 12% commission or $600 a month, whichever is higher. According to Patreon, the plan is best for creators who expect to make at least $5,000 per month on Patreon, so the 12% fee equals at least $600 per month to Patreon. In addition to Patreon’s commission, your earnings will also be subject to transaction fees. These fees can fluctuate based on the payment method chosen by your patrons, but they generally amount to approximately 2.9% + $0.30 for each successful payment exceeding $3, and 5% + $0.10 for payments of $3 or less. Case Study: Successful Patreon Creators Many creators have successfully transformed their passions into profitable ventures on Patreon. Here are a few inspiring examples: Chapo Trap House: This political comedy podcast earns over $160,000 per month on Patreon. Amanda Palmer: The musician and artist earn over $40,000 for each piece of content she creates. The Try Guys: Known for their hilarious and informative YouTube videos, they earn over $30,000 per month. Darknet Diaries: This podcast, centered on cybercrime and hosted by Jack Rhysider, generates approximately $30,000 each month from its loyal listeners. Jessica Nigri: This cosplayer uses Patreon to deliver exclusive photoshoots and behind-the-scenes content, earning over $20,000 per month. FAQ: Making Money on Patreon Questions often arise when creators begin their journey on Patreon. Here are concise answers to some of the most frequently asked ones. How Much Can a Patreon Creator Expect to Earn? Earnings on Patreon vary widely depending on factors such as the number of patrons, membership tier prices, and frequency of content release. How Can I Attract More Patrons to My Page? Attract more patrons by offering high-quality, unique content, engaging with your audience regularly, and promoting your Patreon page on various platforms. How Long Does It Take to Start Earning on Patreon? The time it takes to start earning on Patreon can vary. It often depends on factors like the size of your existing audience, the quality of your content, and your promotion strategies. How Often are Membership Payments Processed on Patreon? Membership payments are processed on the 1st of every month. What Are Some Challenges I Might Face on Patreon? Some challenges might include building and maintaining an audience, setting appropriate subscription prices, and consistently creating high-quality, exclusive content. If these challenges prevent you from using Patreon effectively, there are other options. For example, you could explore how to make money on TikTok, how to make money on Twitch, or how to make money on PayPal. Image: Envato Elements This article, "How to Make Money on Patreon" was first published on Small Business Trends View the full article

In the digital world where creativity knows no bounds, Patreon has emerged as a powerful membership platform that allows creators to earn a sustainable income. With Patreon, creatives across all fields can turn their passion into profit, engaging a community of fans who are willing to pay for exclusive access to their work. This article explores how to make money on Patreon and provides tips for maximizing your success. What is Patreon? So, what is Patreon, and how can creators leverage it to make money? Patreon is a membership platform that allows creators to earn income by offering a subscription service to their fans. It acts as a virtual tip jar or fan club, where supporters, referred to as patrons, contribute a set amount regularly to gain access to exclusive content from their favorite creators. Why Patreon is an Ideal Platform for Creators Patreon excels by creating a platform where creators can establish direct connections with their fans, allowing them to earn money while delivering exclusive content and experiences. Below are some of the key features that differentiate Patreon: Exclusive Content: Creators can offer patrons exclusive access to new work, behind-the-scenes content, and more. Community Engagement: The platform allows creators to interact directly with their fans, fostering a sense of community. Flexible Membership Tiers: Creators can offer multiple levels of membership, each with its own set of rewards and benefits. Recurring Income: Rather than depending on one-time sales, creators have the opportunity to generate consistent income through ongoing patron subscriptions. Setting Up Your Patreon Account for Success Before launching into the world of Patreon, there are some key steps to ensure your success. Choosing Your Niche Identifying a niche that aligns with your interests and has potential demand is critical. Some popular niches on Patreon include: Podcasting Visual Art Writing Video Production Music Gaming Setting Up Your Patreon Page Once you have a niche in mind, it’s time to set up your Patreon page. Here’s a step-by-step guide to help you get started: Sign Up: Create an account on Patreon’s website. Choose Your Niche: Identify what type of creator you are and what you plan to offer. Set Up Membership Tiers: Decide on what tiers of membership you will offer and the perks for each tier of membership fee. Build Your Page: Add a bio, images, a welcome video, and other details to make your page engaging. Launch: Once your page is ready, promote it on your other social media platforms to attract patrons. Ways to Make Money on Patreon Monetizing your creativity on Patreon can take many different forms. In this section, we’ll explore several strategies to help you maximize your income potential. Ways to Make Money on PatreonStrategy DescriptionTip for Success Offer Multiple Membership TiersCater to fans with different budget levels and engagement interests, thereby maximizing your earning potential.Survey your audience to determine what tiers and benefits would be most appealing to them. Create High-Quality, Exclusive ContentAttract and retain patrons by consistently delivering high-quality content that they can't find anywhere else.Set a consistent content schedule and keep a pipeline of ideas to ensure regular, unique output. Regular Interaction and Engagement with PatronsFrequent interaction and engagement with your patrons not only fosters a sense of community but also encourages them to maintain their memberships.Use Patreon's polling and messaging features to engage patrons regularly, and respond promptly to comments and messages. Utilize YouTube to Drive Patreon SubscriptionsLink your Patreon page to your YouTube channel, offering early access or exclusive content to your patrons, thereby encouraging more subscriptions.Promote the exclusive benefits of Patreon membership in your YouTube videos and link back to your Patreon in the video description. Set Attractive Subscription FeesStriking the right balance between what value you provide and how much you charge for it is key to setting attractive subscription fees.Monitor patron feedback and be ready to adjust pricing based on the perceived value and your income goals. Organize Paid Live Streams or WebinarsHosting live streams or webinars can provide added value to your patrons and provide an additional income source.Choose topics that resonate with your audience, and ensure the tech setup is flawless for a smooth streaming experience. Sell MerchandiseSelling merchandise like t-shirts, posters, or custom art pieces can add a lucrative income stream.Create high-quality, unique merchandise that fits with your brand and appeals to your audience. Provide Early or Exclusive Access to Your WorkOffering early or exclusive access to your work can incentivize more patrons to subscribe.Make sure early access content is truly valuable and well-promoted, and that you deliver on promises to ensure patron satisfaction. Offer Multiple Reward Tiers and Membership OptionsOffering a variety of rewards and membership options caters to a wider audience, increasing potential earnings.Vary the rewards based on the level of support, offering something for everyone, from casual fans to die-hard supporters. Utilize Other Social Media PlatformsPromote your Patreon page on other social media platforms to attract a broader audience.Tailor your promotional messages to fit the unique dynamics of each platform and encourage followers to support you on Patreon. Offer Multiple Membership Tiers By providing a variety of membership options, you can appeal to fans with varying budgets and levels of engagement, which will help you maximize your earning potential. Create High-Quality, Exclusive Content Attract and retain patrons by consistently delivering high-quality content that they can’t find anywhere else. Regular Interaction and Engagement with Patrons Frequent interaction and engagement with your patrons fosters a sense of community and encourages them to maintain their memberships. Utilize YouTube to Drive Patreon Subscriptions Link your Patreon page to your YouTube channel, offering your patrons early access or exclusive content, thereby encouraging more subscriptions. Set Attractive Subscription Fees Striking the right balance between what value you provide and how much you charge for it is key to setting attractive subscription fee tiers. Organize Paid Live Streams or Webinars Hosting live streams or webinars can provide added value to your patrons and provide an additional income source. Sell Merchandise Selling merchandise like t-shirts, posters, or custom art pieces can add a lucrative income stream. Provide Early or Exclusive Access to Your Work Offering early or exclusive access to your work can incentivize more patrons to subscribe. Offer Multiple Reward Tiers and Membership Options Offering a variety of rewards and membership options caters to a wider audience, increasing potential earnings. Utilize Other Social Media Platforms Promote your Patreon page on other social media platforms to attract a broader audience. How to Make Money on Patreon as a Writer Writers can harness Patreon’s potential by offering unique content or experiences to their patrons. Here are a few strategies: Serialized Novels: Release your novel chapter by chapter exclusively to your patrons. Writing Workshops: Host digital writing workshops or webinars. Behind-the-Scenes Access: Give patrons an inside look into your writing process. Early Access: Offer patrons early access to your latest work. How to Make Money on Patreon as an Artist Artists can use Patreon to transform their passion into profit. Here are a few strategies: Art Tutorials: Share your expertise through tutorials or classes. Commissioned Work: Offer custom artwork for higher-tier patrons. Digital Art Downloads: Provide downloadable digital art pieces. Studio Tours: Give patrons virtual tours of your workspace or process. Patreon Earnings and Fee Structure Patreon operates on a tiered fee structure based on the plan you choose, taking a percentage of your earnings each month. Currently, the pricing tiers include Pro and Premium. Pro Plan: Patreon takes an 8% commission with the Pro plan. This plan offers advanced features like membership tiers, analytics and insights, promotional tools, priority customer support, and more. It’s designed for creators who want to grow their businesses and offer more to their patrons. Premium Plan: The Premium plan is for well-established creators or businesses that need a little more. It offers everything in the Pro plan plus merchandise for membership and a dedicated partner manager for either a 12% commission or $600 a month, whichever is higher. According to Patreon, the plan is best for creators who expect to make at least $5,000 per month on Patreon, so the 12% fee equals at least $600 per month to Patreon. In addition to Patreon’s commission, your earnings will also be subject to transaction fees. These fees can fluctuate based on the payment method chosen by your patrons, but they generally amount to approximately 2.9% + $0.30 for each successful payment exceeding $3, and 5% + $0.10 for payments of $3 or less. Case Study: Successful Patreon Creators Many creators have successfully transformed their passions into profitable ventures on Patreon. Here are a few inspiring examples: Chapo Trap House: This political comedy podcast earns over $160,000 per month on Patreon. Amanda Palmer: The musician and artist earn over $40,000 for each piece of content she creates. The Try Guys: Known for their hilarious and informative YouTube videos, they earn over $30,000 per month. Darknet Diaries: This podcast, centered on cybercrime and hosted by Jack Rhysider, generates approximately $30,000 each month from its loyal listeners. Jessica Nigri: This cosplayer uses Patreon to deliver exclusive photoshoots and behind-the-scenes content, earning over $20,000 per month. FAQ: Making Money on Patreon Questions often arise when creators begin their journey on Patreon. Here are concise answers to some of the most frequently asked ones. How Much Can a Patreon Creator Expect to Earn? Earnings on Patreon vary widely depending on factors such as the number of patrons, membership tier prices, and frequency of content release. How Can I Attract More Patrons to My Page? Attract more patrons by offering high-quality, unique content, engaging with your audience regularly, and promoting your Patreon page on various platforms. How Long Does It Take to Start Earning on Patreon? The time it takes to start earning on Patreon can vary. It often depends on factors like the size of your existing audience, the quality of your content, and your promotion strategies. How Often are Membership Payments Processed on Patreon? Membership payments are processed on the 1st of every month. What Are Some Challenges I Might Face on Patreon? Some challenges might include building and maintaining an audience, setting appropriate subscription prices, and consistently creating high-quality, exclusive content. If these challenges prevent you from using Patreon effectively, there are other options. For example, you could explore how to make money on TikTok, how to make money on Twitch, or how to make money on PayPal. Image: Envato Elements This article, "How to Make Money on Patreon" was first published on Small Business Trends View the full article

This article is republished with permission from Wonder Tools, a newsletter that helps you discover the most useful sites and apps. Subscribe here. When’s the last time you fielded a tech support call from a parent? You want your parents—or anyone you support—to benefit from email, photo sharing, and video calls. You also have to protect them from scams, malware, and unnecessary complexity. Or maybe you are that parent and want to stay safe online. Either way, today’s post aims to support you. I periodically help my parents make sense of confusing WebEx conferencing instructions or Microsoft Word settings. So when Wonder Tools reader and tech expert Paul Schreiber offered to write a guest post based on his professional and personal experience, I welcomed his input. Below he outlines specific hardware recommendations, security steps, and practical tips you can implement today. The next section of this piece is by Paul. Paul’s advice Over the past few years, I’ve helped my parents and some friends’ parents stay safe online. Here are some things I’ve found work well. Skip the computer Many folks don’t need a powerful computer. They just need access to email, messaging, and the web. An iPad or Chromebook for around $300 provides this (along with thousands of apps), while reducing the burden of maintenance. . . . or pick a simple one A MacBook Air is a great choice if they do need a computer. There’s less malware and Apple provides a single, simple source of support. No need to worry about separate or conflicting instructions from hardware and OS manufacturers. Plus, if they already have an iPhone, the Air works with it seamlessly. Replace the router Replace their current router with one or more eero devices. Eeros: Automatically connect to each other in a mesh for large homes—no more clunky extenders with separate network names. They also work for apartments with thick walls Automatically configure themselves with the right network settings Automatically stay up-to-date Can be monitored and administered remotely from your phone Add guardrails Make yourself the admin. When setting up the computer, create two accounts: One for yourself, with administrative rights A standard account for your parent If they accidentally install adware or other junk, it will only affect their account, not the whole computer, and it’ll be easier to remedy. Install an ad blocker Ads slow down the page and trick people into installing malware. I recommend the free uBlock Origin for Chrome, Firefox, and Edge. (Note: avoid the similarly named uBlock.) For Safari, consider buying 1Blocker, Wipr, or AdGuard. Set up a family account Apple (iCloud+) and Google (Google One) both sell cloud storage that can be shared with your family. For about $10 per month, you ensure everyone’s device is backed up and their photos are synced. You can also share some apps without repurchasing them. Make yourself the recovery contact Add your email and phone number as a recovery contact (Apple, Google) for your parents’ important accounts. This lets you help when they forget their password. It also lets you reset it if they become incapacitated or die. Set up legacy contacts Unlike recovery contacts, legacy contacts control an account after someone dies. Setting these up gives you legal permission to access the account. Each service handles it differently, so read instructions from Facebook, Apple, and Google carefully. Today is trash day Go through your parents’ computer and/or phone. Delete unused apps. Clean up the downloads folder, removing installers (such as .pkg and .dmg files) as well duplicate or outdated files. Passwords Passwords are a pain. Good news: You no longer need to memorize them. With a password manager, the only two passwords you’ll need to remember are those for your computer and your email. Your password manager will automatically create hard-to-guess passwords and fill them in for all other logins. It won’t fill your password in on sites trying to steal your information. Set up password autofill and teach them to use it Spend a few hours using Chrome, Safari, Firefox, or 1Password to generate new passwords for their 25 most important sites Share key account passwords with yourself Final Tips If you want personalized advice, visit Consumer Reports’ security planner. If your parents or relatives are easily duped by fake reviews, set up bookmarks for Consumer Reports, Wirecutter, the Good Housekeeping Institute, Vetted, or other trustworthy review services. P.S. bonus tools—recommended by Jeremy Print Friendly makes it easy to print anything online. Postlight Reader removes clutter from articles, making reading easier. Permission Slip is a free app from Consumer Reports that helps you learn what companies are collecting data about you or your parents or children. You can send a request that they stop selling your personal info. Consumer Reports testing found that paid data removal services often fail to fully scrub personal information from people-search sites. I’ve been testing Incogni, which wasn’t assessed in that report. So far it’s been helpful in requesting that data brokers erase information about me that they’re storing and selling. See the big data broker opt-out list for more info. CleanMyMac is a simple Mac app that makes it easy to remove old installers, duplicate files, and other files cluttering up your computer or taking up space. I’ve used it for a few years and recommend it. Yorba is another promising new service in beta. It can help in several ways: Unsubscribe from emails. Wipe old unused accounts and associated logins. Cancel subscriptions you forgot about. It’s free to start. This article is republished with permission from Wonder Tools, a newsletter that helps you discover the most useful sites and apps. Subscribe here. 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The waters of Cape Cod Bay are coming for the big brown house perched on the edge of a sandy bluff high above the beach. It’s just a matter of when. Erosion has marched right up to the concrete footings of the multimillion-dollar home where it overlooks the bay. Massive sliding doors that used to open onto a wide deck, complete with hot tub, are now barricaded by thin wooden slats that prevent anyone from stepping through and falling 25 feet to the beach below. The owner knew it. He removed the deck and other parts of the house, including a small tower that held the primary bedroom, before stopping work and falling into a standoff with the town. He’s since sold the place to a salvage company that says it won’t pay for work. Officials in Wellfleet worry the home’s collapse will damage delicate beds in their harbor where farmers grow oysters that are among New England’s most prized. A report commissioned by the town projects if nothing is done, the 5,100-square-foot home will tumble into the bay within three years—and possibly much sooner. Its certain fate is a reminder of the fragility of building along the cape, where thanks to climate change sea level rise has accelerated in recent years. “I mean, the cape has always been moving,” said John Cumbler, a retired environmental history professor who also serves on the Wellfleet Conservation Commission. “The sand is moving.” History of the home The house was built in 2010 on Cape Cod on the bay side of the peninsula. Its original owners, Mark and Barbara Blasch, sought permission from the commission in 2018 to build a 241-foot-wide seawall to stave off erosion. The commission’s seven members—all volunteers—rejected the seawall on the grounds that it might have unintended effects on the beach and the way water carries nutrients in the bay. They also questioned whether it would actually save the house. The property is within Cape Cod National Seashore. The National Seashore Administration supported rejection of the seawall because of the “critical location” within the seashore and Wellfleet Harbor area, including critical habitat and valuable shellfish operations. The Blasches appealed the rejection in state district court and lost. An appeal to the state’s Superior Court is pending. A New York man, attorney John Bonomi, bought the house in 2022 for $5.5 million, even as its future was in doubt. Bonomi’s attorneys declined to comment for this story. Threat to the bay and oyster beds A report prepared for Wellfleet last year by Bryan McCormack, a coastal processes specialist with the Woods Hole Oceanographic Institution Sea Grant, estimates that the bluffs are eroding at a rate of 3.8 to 5.6 feet a year. The report estimated collapse in up to three years, but likely sooner. The report said a collapse could send debris into Wellfleet Harbor, where the town’s namesake oysters, well-known to shellfish lovers, take two to three years to reach maturity. “The house has a lot of fiberglass insulation in it. It has toxic material in it,” Cumbler said. “If that toxic material gets into Wellfleet Harbor, which is where the currents will take it, it could endanger the oyster industry in Wellfleet, our major industry outside of tourism.” Standoff over what to do with the house Bonomi “came to us back in October and said, yes, we understand the house is in danger of falling into the sea, and we will give you a plan by January for what we will do with the house,” Cumbler said. “We asked for a plan to remove it from the danger.” That plan was supposed to be presented at the commission’s January meeting. But Bonomi’s attorney, Tom Moore, wrote to the town in December to say Bonomi had sold the house to CQN Salvage, a company incorporated in October, that Moore was also representing. Moore wrote that the town “is on notice to take whatever steps it deems prudent to prevent the collapse of the embankment and the other consequences of further erosion. CQN Salvage is ready to work alongside the town in such efforts but will not fund them.” It’s not clear who owns CQN Salvage. Its incorporation records in New York state don’t list any officials. Moore declined to speak with The Associated Press. At the January meeting, Moore appeared by video and told the commission that the “bare minimum estimate” to remove the house was at least $1 million. “So, you plan to do nothing and allow it to fall into the water?” Lecia McKenna, the town’s conservation agent, asked Moore. “I plan to ask you to not let it fall into the water,” Moore responded. The commission voted to extend to June 1 the deadline to comply with its enforcement order. Wellfleet is left to watch and wait For now, the town is left to simply watch the house. When the AP recently visited the site, 20 mph winds were hitting the bluffs and sand could be seen trickling down. The sea level at nearby Falmouth has risen 11 inches in the past 90 years, but the pace is accelerating. An AP analysis of data from the National Oceanic and Atmospheric Administration found the sea level around Cape Cod between 1995 and 2024 was rising at an annual rate of 0.16 inch faster than the prior 30-year period. McCormack, the Woods Hole specialist who prepared the report for the town, said it’s difficult to attribute erosion at a single property to climate change and sea level rise. And he said Cape Cod has been eroding “for tens of thousands of years.” But he said the bluffs have receded 54 feet since 2014, and the erosion rate over the past decade “has exceeded long-term rates published by the Massachusetts Office of Coastal Zone Management.” —By Andre Muggiati, Associated Press AP data journalist Mary Katherine Wildeman contributed to this report. The Associated Press’s climate and environmental coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP’s standards for working with philanthropies, a list of supporters and funded coverage areas at AP.org. View the full article

Struggling Japanese carmaker is pursuing tech rather than automotive ally to revive its businessView the full article

An X post recently made the rounds for its “old money” visuals. The video depicting weekends spent sailing Lake Como in tuxedos and candlelit dinners at impossibly long dining tables screams “upper crust.” Or so we thought. It was another X user who quickly shattered the illusion. “Sorry to burst the fantasy, but I know one of the girls in this video, and none of this is casual or real,” Louis Pisano wrote in a post. “It’s an ‘Instagram club’ where, if you get accepted, you pay to dress up and create ‘old money’ content with them.” This is the Tuxedo Society, a U.K.-based members-only club promising access to “experiences in the most iconic locations” and a chance to “elevate your network” by connecting with like-minded people. Founded by classic-car dealer Riccardo Capotosti, the group markets itself as an exclusive gateway to a more glamorous, monied world with the motto “Attractive people doing attractive things in attractive places.” “Having access to this elite club will give you the opportunity to connect with enlightened people from all over the world,” the group’s website states. Or, as one X user put it: “So it’s basically Disneyland for wannabe socialites.” The Tuxedo Society, also known as the Tuxedo Members Club, has two websites: one showing the luxurious lifestyle you can expect with a membership and another for applications, though the latter is still in the “Coming Soon” phase as of this writing. To join, you must earn more than 500,000 euros per year (that’s around $520,000) or have a seven-figure net worth (although Pisano claims this isn’t true, based on his personal knowledge of one of the members). Prospective members must also pass an approval process, including an introductory video call with a board member, according to the website. An annual membership then costs 6,000 euros (about $6,200), and if you don’t renew, your spot goes to someone else. Current members, including influencers like Federico di Custoza and model Chiara Basso, pose against classic cars and suited up in formal wear on tennis courts. The most notable member, who can actually claim “old money” status, is Eugenia Hannover, a model linked to the historic House of Hanover. Fascination with the rich and well-connected is nothing new, but in the age of social media, it’s easier than ever to cosplay as wealthy, even if just for content. The secret lives and unspoken rules of the upper classes have been the subject of countless films and TV shows, from The Great Gatsby and The Talented Mr. Ripley to Saltburn. Remember how those stories ended? View the full article

Oracle’s new AI will answer employee questions about everything job-related, from hiring to retiring. Oracle has embedded artificial intelligence capabilities into its Human Capital Management software with the intention of optimizing workplace productivity, the company announced Thursday. The AI engages in human-like conversations, much like ChatGPT, but responds using truthful data that participating companies provide to Oracle. “The best AI comes from the best data,” says Miranda Nash, a group VP at Oracle. Using the company’s data, the AI can answer questions about taxes, benefits and perks of the job, and career planning. By giving fast answers to a large variety of questions, Oracle’s AI will allow employees to focus more on the “core mission” of their jobs and become more effective workers, Nash says. And as employees turn to AI—rather than HR—for answers, Nash hopes that HR leaders will be less overwhelmed in their jobs. [Image: Oracle] These AI agents are part of Oracle Fusion Cloud Human Capital Management, a cloud-based HR tool that has led the industry for a decade, according to Gartner research. Oracle will not charge any extra fees for users to access the new AI. Starting in September, Oracle began integrating artificial intelligence into its supply chain, marketing, sales, and service applications, and plans to implement it into its finance products this spring. The inclusion of AI helps Oracle “connect powerful technologies to everyday folks doing their jobs,” Nash says. Oracle’s Fusion applications have 14,000 customers across the board. “Oracle is all about making our customers successful by lowering their cost of operation,” Nash says. “We’re continually on a mission to make that cheaper and more efficient, basically using the latest technologies for our customers to make their businesses more successful.” Oracle is one of three companies that President Donald Trump tapped to be part of the “Stargate” project—a joint venture to create hundreds of billions of dollars in AI infrastructure. After the Stargate announcement, Oracle saw its share prices rise by double digits. View the full article

Influencers are not only good for skinny jean and matcha recommendations. Now, they can advise you on where to invest your money. Founded by 23-year-old Steven Wang, Dub is an influencer-driven marketplace where users can now copy the entire portfolios of the likes of Rep. Nancy Pelosi or billionaire hedge fund manager Bill Ackman for just $9.99 a month or $89.99 a year. At the same time, retail traders accepted into Dub’s top creator program will be paid royalties for users to access their model portfolio. “I want the next five Warren Buffetts to be surfaced and famous on Dub,” Wang told CNBC last month. “If we’re really successful with the top creator program, the next generation of the best fund managers, the best traders in the world that people follow will rise from Dub.” Rather than picking stocks, users just need to make sure they pick the right person (kind of like copying the homework of the smartest kid in class rather than actually doing your homework). These portfolios are tracked for changes over time, with any trades automatically copied, eliminating the human error of missing any trades. Dub is also focused on educating users and helps investors make informed decisions by displaying risk scores, risk-adjusted returns, and portfolio stability metrics all on the platform. Retail investing has changed rapidly over the past two decades. Now, almost half of Gen Zers invest in the stock market, according to the Oliver Wyman Forum survey. They are 45% more likely to start investing by age 21 than Millennials and two to four times more likely than Gen X and baby boomers. In for a penny in for a pound, Gen Z are also saving a sizable 14% of their incomes. At the same time, social media is reshaping how people, and Gen Z in particular, choose to spend, save and invest their money. Gen Zers are nearly five times more likely to say they get financial advice, including investing tips, from social media than those in their 40s or above. So Gen Z is going to take advice from anyone, might as well be from those who can put their money where their mouth is. View the full article

This post was written by Alison Green and published on Ask a Manager. It’s five answers to five questions. Here we go… 1. Can I use a wedding photo — with a veil — as my work avatar? My company is fully remote, so they really encourage us to upload a headshot to our company chat service so people can put a face to the name. Would it look out of touch or immature to use a photo from my wedding? It’s probably the best I’ll ever look in any photo because of the professional hair and makeup and because it was taken by a professional photographer. But because of the veil, it’s very obviously a wedding photo. (I’d choose a shot without my husband in it.) I think some of my male coworkers have done this, but it feels different because they’re just wearing suits rather than the whole Bridal Outfit ™. Yeah, a wedding veil will look out of place for a headshot. For most companies, at least. There are undoubtedly exceptions, but we’re trafficking in generalities for questions like this. (I totally understand the temptation to use it though and feel the same way about my wedding photos, and in hindsight everyone who’s just had their hair and makeup done for their wedding should consider taking a couple of shots with no obviously wedding-ish accoutrements while they are looking like that.) 2. I sneeze constantly, and my coworkers say “bless you” Every. Single. Time I sneeze. A lot. Like, when I sneeze, I sneeze six times in a row and I do this multiple times a day. Even with regular visits to an allergist and daily medication, it’s something I have to deal with. My issue is that I work in a huge open-concept office. Every time I sneeze, I’m greeted with a chorus of “Bless you!” from around the office. Putting aside the fact that I have no concerns about my soul escaping via my nose, it’s just annoying. If I sneeze six times, they’ll say “bless you!” six times. I’ve tried to jokingly tell people that I’m okay, to just ignore me, or to at least wait until I’ve finished, but several people still do it. I already worry that I’m creating a disruption, but my sneezing isn’t something I can control. How do I get these well-intentioned colleagues to stop? You might not be able to; some people feel too rude letting a sneeze go unacknowledged. But you can try! The thing is, you’ve got to stop saying it jokingly and start saying it more seriously: “I appreciate the thought, but it’s making it more of a disruption than it already is. I’d be grateful to agree there’s a blanket ‘bless you’ in effect and no more are needed.” If saying it to the group doesn’t work, start talking to the hold-out’s one-on-one. 3. What is the normal amount of extra staffing a team should plan for? I work in a support role on a team which physically moves objects, devices, and equipment around. No working from home! A normal complement of staff to cover the needs on a normal day is six people. But there are only six people, total, employed on my team. If even one team member calls in sick or goes on holiday or on a training course, the team is short-staffed. This causes friction and delays and impacts the work of the whole place. I feel that management is in denial and expects us to just do our best and work harder. Is there a number which any sensible manager applies to a situation like this? Should a six-position team have a complement of say nine staff? Whatever it is, I’m sure it’s at least seven, right? Not really. It’s actually very normal for a team with a six-person workload to be staffed by six people. Well-resourced and well-managed organizations might staff it with seven, but you’d be hard-pressed to find an organization that could justify overstaffing by 50% (nine staff). It absolutely does make sense to build in a buffer for times when people are out or when work is higher, but it can be a very hard sell and it’s common for managers not to be able to get the budget for it. Ideally you’d build in an additional staff position that does other useful work when they’re not needed to cover for someone, but there isn’t always enough other work to justify the additional position, or it’s not high-priority enough relative to other things that money could be spent on. That said, a decently managed place will recognize the situation and manage workflow accordingly — meaning that when someone is out, they’ll adjust the workload, reprioritize as needed, push back on demands from other teams, bring in temp help, and so forth. It’s when that doesn’t happen that it really becomes a problem. 4. Telling an employer I’ll need time off to promote a book This is still a hypothetical, but I want to be prepared to navigate the situation. I have a book being released by a major publisher this year. It’s beyond exciting, and I am contractually obligated to do any and all promotional activities asked of me. However, I won’t see any more money from my publisher until I earn out my advance, and I need a job. I just concluded a second interview for a really fantastic position. If I get an offer, I know my obligations to my publisher have to be an immediate discussion with my supervisor. How would I navigate this without getting my offer pulled? “I’m delighted to accept this rigorous and team-work based role but also I might be on a book tour lol” is not really the note I want to strike, you know? Well, first, look at your contract with your publisher — it’s very unlikely that you are contractually obligated to do “any and all” promotional activities asked of you. You’re typically expected to do a lot of them, even most of them, but that doesn’t mean you can never push back and have a conflict with something. You should also talk to your publisher about exactly what it’s likely to look like; book tours are less and less common these days, unless the author has a massive audience (or in some cases unless the author is highly motivated to do one). It’s possible you’ve already discussed this with your publisher and know for sure they expect a book tour, but either way, talk to them and get really clear on what promotion is likely to look like and how much flexibility you’ll have. (For most authors, it’s likely to be a lot of demands on your time the month the book comes out — although keep in mind a lot of it will be interviews that you will do remotely — and then decreasing demands on your time after that.) Once you have that discussion, you’ll be in a better position to talk to a would-be employer about it since they’ll need to hear specifics of what you’re asking them to agree to. Ideally you can say something like, “I have a book being published by Oatmeal Press in June and will need time for promotional activities that month, including being at the Groats fan convention on June 20 and away for a signing event on June 30 and general availability for interviews around the time of publication.” You won’t be able to predict everything that will come up (and media stuff in particular can come up last minute), but talking to your publisher should position you to be able to provide a general idea of what it will look like. Congratulations on the book! 5. I work for the federal government — how can I stay in touch with coworkers? I have worked for the federal government for over 15 years — almost all of my professional references are federal employees and I only have their official contact information. In the event of a mass layoff or other mass exodus of employees from the government, how should we handle reference checks for future employment? I have the personal contact info for 3-4 people who would provide relevant info (not just “we were neighbors and played volleyball on Tuesdays” or “we worked together a decade ago”), but if I had to provide a list of more people, or those who fit a certain description, I’d be in trouble if I couldn’t look people up. I have no expectation of any privacy related to official communication channels right now. This might seem like I’m overthinking or focusing on a relatively minor issue while everything is falling apart, but, due to health concerns, I’m terrified of losing my health insurance and need to be able to find new work ASAP if I somehow find myself unemployed. The only thing that’s keeping me going right now is figuring out how to get as many ducks in a row as possible. LinkedIn is the easiest way to keep in touch with people after you’re no longer working together. You don’t need to be active on LinkedIn to use it this way; you just need to connect to colleagues and other contacts so you can find each other in the future. So if you’re not already connected there, do that right away. There’s also nothing wrong with saying to people, “With everything going on, I want to make sure we can stay in touch if anything changes. My personal email address is X and I’d love to have yours as well if you’re comfortable exchanging it.” View the full article

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