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Workplace training invites are dropping in many employees’ inboxes now that the new year is underway. Most employers require staff to complete multiple HR modules annually: training on harassment, workplace relationships, or conflicts of interest, for example, followed by a quick quiz. Recently, however, a new TikTok trend imagining fake workplace “training modules” is going viral. “It’s 5 pm and you notice one of your colleagues is crying at their desk,” creator @pepsimasc posted in November. “Do you A: check in and ask how they’re doing, or B: tell them to shut the fuck up?” the skit begins. He continues on to the next imaginary scenario: “You’re in a meeting and notice one colleague bullying another. Do you A: stand up for them, B: report it to HR, C: offer them a lift home and crash the car, or D: all of the above?” In the final scenario, he explains: “You’re walking to the lunchroom and notice someone has smashed a glass on the floor and left it there. Do you A: contact facilities, B: clean it up immediately, or C: spill baby oil around it so someone can fall onto the glass?” For those well-acquainted with this type of training, the multiple-choice framing should be painfully familiar. The videos even share that familiar elevator music that plays in the background as you click your way through the slides. (Listen long enough, and you can feel your brain slowly powering down.) Across TikTok, creators are posting their own parody “HR trainings,” riffing on the fact that after years of mandatory workshops and assessments, they’ve got the scripts practically memorized and the tone down to a T. Another creator parodies a common phishing prompt. “You get an email with a link that you think might be a scam. What’s the appropriate course of action? A: tell HR, or B: throw out your laptop.” Another, in a video watched more than 8.2 million times, asks viewers to “select the example of harassment.” Option one: Jane gives you a high five. Option two: Marcus gives you a pat on the back. Option three: John runs at you fully erect. The comments are filled with corporate workers who feel seen by the skit. One said: “And then they’re like, ‘actually it’s ALL of them.’” “This is so funny,” another wrote. “And unfortunately, accurate.” View the full article

With limited seasoning and primarily a clean payment history, OBX 2026-NQM1 had a seasoned probability of default of 33.3% among the AAA stresses and 11.4% among the B. View the full article

No pet owner wants to think about what might happen in the event of a fire. As a dog owner, I know I don't. But fires do happen, and pets can't follow a fire plan. Rescue Retriever wants to change that: I spoke with the company during CES' Pepcom event, and learned how they're working to make it easier for firefighters to find your pets in the event of a fire. Rescue Retriever first launched back in March of 2024, started by two brothers—one of whom is a former firefighter. The company told me that during a fire, pets tend to run to where they feel safe—maybe that's under the bed, or somewhere tucked away in a room. That makes it difficult for firefighters to locate pets during an emergency: They don't have the ability to search every corner of a burning home, and, unfortunately, pets sometimes don't make it out. Rescue Retriever's smoke detector Rescue Retriever's smoke detector aims to solve that problem. This detector isn't supposed to be placed where your current smoke detector is; rather, the idea is to place it where your pet is most likely to go when they are scared. If you know they like to hide under your bed, for example, you can place the detector there. Once the device detects smoke during a fire, a bright light begins to strobe inside, spread out by a mix of holes places throughout the device. (Even in the bright lights of Pepcom, the strobe looked intense to me.) That way, firefighters can look out for the strobing lights when trying to locate pets in your home. There's even an accompanying sticker you can place on your home's window, so firefighters know you have a pet to look out for. The device is silent as well, as to not scare your pets away from their hiding space. It wouldn't do any good to have a beacon for firefighters to locate your pet, only to have them scurry off because of an alarm. Rescue Retriever Fire Tag Credit: Lifehacker But Rescue Retriever wasn't at Pepcom just to show off a device they launched two years ago. New to this year is the Fire Tag, which brings the strobe light from the main unit to a small tag you can place on your dog's collar. The tag syncs up to the main unit using RFID: When the main unit detect smoke and starts strobing, the Fire Tag will pick up the signal, and will follow suit. It's great that the main unit doesn't make a noise to scare your dog, but maybe they run off anyway. Maybe the house smoke alarm scares them again, or they don't follow their usual pattern and hide somewhere away from where you placed the main unit. Having a Fire Tag on their collar would give firefighters a better shot at locating the dog, wherever they may be in the home. Rescue Retriever also tells me these tags have a range of up to a quarter mile. If your dog goes running off away from your house, their collars might still light up. To that point, the Fire Tag opens up, allowing you to place a tracker like an AirTag inside. Even if your dog runs out of that quarter mile range, you could still track them if they come within Bluetooth range of a device within the Find My network. Rescue Retriever says the Fire Tag is ready for production, and, when available, can be purchased either individually ($29.99), or as part of a larger bundle with the main Rescue Retriever unit ($89.99). The main unit can be purchased now for $39.99, but also comes with its own bundles and accessories for varying prices. View the full article

Accountants need to reframe their thinking. By Martin Bissett Winning Your First Client Go PRO for members-only access to more Martin Bissett. View the full article

Accountants need to reframe their thinking. By Martin Bissett Winning Your First Client Go PRO for members-only access to more Martin Bissett. View the full article

Google is updating its advertising policies to allow ads for Prediction Markets in the U.S. starting January 21st — but only for federally regulated entities. Who qualifies. Eligibility is limited to entities authorized by the Commodity Futures Trading Commission (CFTC) as Designated Contract Markets (DCMs) whose primary business is listing exchange-listed event contracts, or brokerages registered with the National Futures Association (NFA) that offer access to products listed by qualifying DCMs. Advertisers must also apply for Google certification to run ads in the U.S. Why we care. Prediction markets have long been restricted on Google Ads. This change opens a new advertising channel while keeping tight controls around compliance and regulation. The narrow eligibility and certification requirements mean only compliant, federally regulated players can participate, potentially reducing competition. For qualifying advertisers, this offers earlier access to a high-intent audience within a tightly controlled ad environment. The fine print. All ads, products, and landing pages must comply with applicable local laws, financial regulations, industry standards, and Google Ads policies. The new policy will appear in the Advertising Policies Help Center, with references in the Financial Services and Gambling and Games sections, and is available now for preview. The big picture. Google is cautiously expanding access for prediction markets by recognizing them as regulated financial products — while continuing to block unregulated platforms. Bottom line. Prediction market ads are coming to Google, but only for advertisers that meet strict federal and platform-level requirements. View the full article

A commercial equity loan is a financial tool that lets you tap into the equity of your commercial property. By doing so, you can access cash for business needs like renovations or expansion. Typically, you can borrow up to 75% of your property’s appraised value, but several factors come into play, including your creditworthiness and the property’s assessment. Comprehending how this loan works can help you make informed decisions about funding your business. What are the specific benefits and requirements involved? Key Takeaways A commercial equity loan allows businesses to leverage property equity for cash, typically up to 75% of the appraised value. The loan is secured by the commercial property, requiring a minimum credit score of 650 and a 20% down payment. Lenders evaluate risk through property value, business financials, and creditworthiness during the approval process, which takes 30 to 60 days. Repayment terms can be fixed or variable, with lower interest rates compared to unsecured loans, aiding cash flow management. Proper documentation, including appraisals and financial statements, is essential for securing a commercial equity loan. Understanding Commercial Equity Loans When you consider a commercial equity loan, you’re fundamentally looking at a way to tap into the value your commercial property has built up over time. This type of financing allows you to access cash by leveraging that equity for various purposes, such as repairs, renovations, or new investments. Typically, banks and private lenders offer these loans, providing funding amounts that depend on their criteria and your property’s value, often with loan-to-value (LTV) ratios reaching up to 75%. To qualify for a commercial equity loan, you usually need a minimum credit score of 650, proof of income, and a down payment of at least 20%. Many commercial equity loans come with fixed rates, making your monthly payments predictable. Nevertheless, it’s essential to understand the risks involved, including potential foreclosure if you miss payments and how fluctuations in property value can impact your loan terms. How Commercial Equity Loans Work Comprehending how commercial equity loans work is vital for business owners looking to leverage their property’s value. These loans enable you to access the equity built in your commercial property, providing cash for repairs, renovations, or new investments. To qualify, lenders typically require a minimum credit score of 650 and a down payment of at least 20% of the property’s value. The amount you can borrow typically depends on the loan-to-value (LTV) ratio, which may allow you to secure up to 75% of the appraised property value, minus any existing liens. Lenders assess risk by evaluating factors like the property’s value, your creditworthiness, and your business financials, including tax returns and financial statements. Finally, repayment terms and interest rates can vary considerably based on the lender’s criteria and your overall financial health, so it’s imperative to review multiple options before proceeding. Benefits of Commercial Equity Loans When you consider a commercial equity loan, you reveal the potential for significant access to capital by leveraging the equity in your property. This type of financing not just offers flexible funding solutions customized to your specific needs but additionally comes with lower interest rates compared to other loan options. With these advantages, you can effectively manage your cash flow and invest in growth opportunities without sacrificing ownership. Access to Capital Accessing capital through commercial equity loans can be a strategic move for business owners looking to fund various initiatives or manage operational costs. By leveraging the equity built in your commercial property, you can access a lump sum of cash, often up to 75% of the property’s appraised value. This substantial capital can be utilized for repairs, renovations, or even purchasing new investment properties. Significantly, you don’t need an extensive credit history or high personal credit score to qualify. With competitive fixed rates typically ranging from 4.30% to 5.00%, these loans can help you minimize reliance on high-interest unsecured loans or credit cards, ultimately enhancing your cash flow and reducing overall borrowing costs. Flexible Funding Solutions Leveraging the equity in your commercial property opens up a variety of flexible funding solutions that can greatly benefit your business. Commercial equity loans allow you to access up to 75% of your property’s equity, providing a lump sum for repairs, renovations, or new investments. These loans are particularly advantageous for business owners needing funds for bills, expansion, or capital improvements. Furthermore, with competitive interest rates and adaptable repayment terms, you can customize the loan to fit your financial situation. By using your property as collateral, you can secure funding during the process of potentially improving your cash flow management. Benefit Description Access to Funds Obtain cash for various business needs Custom Repayment Customize terms based on your financial situation Lower-Cost Financing Often cheaper than unsecured loans Improved Cash Flow Management Minimize debt obligations while securing funding Equity Utilization Leverage built equity for growth and expansion Lower Interest Rates Even though many business owners seek financing options, commercial equity loans stand out due to their lower interest rates compared to unsecured loans. Typically ranging from 4.30% to 5.00%, these rates make them an appealing choice for financing projects at a reduced cost. By leveraging the equity in your commercial property, you can secure financing at rates that are usually more favorable than personal loans or credit cards. As these loans are asset-based, lenders offer better terms, reflecting the reduced risk of collateralized loans. You can access up to 75% loan-to-value (LTV) on commercial properties, allowing significant equity use during competitive interest rates. In the end, lower rates can lead to substantial savings for your business. Types of Commercial Properties Eligible for Equity Loans When considering a commercial equity loan, you’ll find several types of properties eligible for financing. Office spaces, retail stores, and industrial facilities often meet the criteria, as lenders evaluate their market value and equity position. Comprehending the specific requirements for each property type can help you determine the best funding options available. Office Properties Eligibility Criteria Office properties can qualify for commercial equity loans, provided they meet specific eligibility criteria. To maximize your chances of approval, consider the following factors: Property Value: Your office property should be valued up to $5 million to be eligible for these loans. Loan-to-Value Ratio: Lenders typically allow a maximum loan-to-value (LTV) ratio of up to 75%, based on your property’s market value and existing liens. Occupancy and Income: The property’s occupancy rate and income generation potential play a crucial role in determining eligibility. Documentation: You must demonstrate financial stability by providing documentation, including income proof and business financial statements. Focusing on these criteria can improve your likelihood of securing a commercial equity loan for your office property. Retail Spaces Funding Options Are you considering how to finance your retail space? Retail properties, including shopping centers and standalone stores, often qualify for commercial equity loans. These loans can provide up to 75% loan-to-value (LTV), allowing you to access substantial cash based on your property’s appraised value. To secure a loan, you typically need a credit score of at least 650, along with proof of income and other financial documents. Lenders will conduct a thorough appraisal to determine your property’s market value and the equity available for borrowing. The funds you acquire can be used for various purposes, such as renovations, purchasing inventory, or broadening your business, finally enhancing your operational capabilities. Industrial Properties Considerations Industrial properties play a crucial role in the commercial real estate market, and comprehending their financing options can help you make informed decisions. If you’re considering a commercial equity loan for industrial properties, keep these points in mind: Property Types: Eligible properties include warehouses, distribution centers, and production facilities. Value Limits: Properties valued up to $5 million typically qualify, allowing access to significant equity. LTV Ratio: The loan-to-value ratio can reach up to 75%, providing substantial funds based on your property’s equity. Documentation: Proper documentation, including appraisals and financial statements, is vital for evaluating value and suitability. Understanding these aspects can guide you in leveraging your industrial property for financing needs. Requirements for Obtaining a Commercial Equity Loan When considering a commercial equity loan, you’ll need to meet several key requirements that demonstrate your financial stability and ability to repay the borrowed amount. First, most lenders require a minimum credit score of 650, as this reflects your creditworthiness. You’ll furthermore need to provide proof of income and financial stability, showcasing your capacity to handle repayments. Typically, a down payment of at least 20% of the property’s value is expected, reducing the lender’s risk. In addition, you may have to submit further documentation, including business plans, financial statements, and tax returns, to help assess your financial situation and the property’s worth. Loan amounts and terms are primarily determined by the property’s assessed value, with lenders often allowing up to 75% loan-to-value (LTV). Meeting these requirements can help pave the way for securing a commercial equity loan that suits your needs. Risks Involved With Commercial Equity Loans Although commercial equity loans can provide valuable funding for your business, they come with several risks that you must consider. Comprehending these risks is essential for making informed financial decisions. Here are four key risks to keep in mind: Foreclosure Risk: Defaulting on payments can lead lenders to seize the property used as collateral, putting your business at risk. Property Value Fluctuation: A decrease in property value can affect your loan terms and make refinancing or selling the property more challenging without incurring losses. High Costs: Poorly structured loans may result in higher interest rates or additional fees, increasing your overall borrowing costs. Market Conditions: Fluctuating interest rates and economic downturns can make commercial equity loans less predictable, adding another layer of risk to your financial strategy. Being aware of these risks can help you navigate your financing options more wisely. Commercial Equity Loans vs. Commercial Equity Lines of Credit Comprehending the differences between commercial equity loans and commercial equity lines of credit (CELOC) is important for making informed financial choices for your business. A commercial equity loan provides a one-time lump sum of cash, whereas a CELOC offers a revolving line of credit from which you can draw funds as needed during a set period. Both options typically allow borrowing up to 75% of the property’s loan-to-value ratio, providing substantial access to equity. CELOCs are often more cost-effective, as you only incur interest on the amount drawn, unlike commercial equity loans, which require repayment of the full borrowed amount. Furthermore, CELOCs offer flexibility for cash flow needs or emergencies without needing to reapply, in contrast to commercial equity loans that come with fixed terms and repayment schedules. Finally, CELOCs may require a personal credit score of 600 or higher, whereas commercial equity loans typically demand a minimum score of 650. CMBS Cash-Out Refinancing for Larger Properties If you’re a property owner with commercial real estate valued at $2 million or more, CMBS cash-out refinancing could be a strategic option for accessing equity during managing existing debts. This refinancing method enables you to tap into your property’s value, allowing for potential growth or improvements. Here are some key benefits of CMBS cash-out refinancing: Loan-to-Value (LTV): You can access up to 75% of your property’s value. Asset-Based Loans: These loans typically have less stringent financial requirements than traditional options. Fixed Rates: Competitive interest rates usually range from 4.30% to 5.00%. Funding Opportunities: It’s particularly useful for financing renovations, expansions, or other investments during handling existing obligations. Application Process for Commercial Equity Loans When you’re ready to apply for a commercial equity loan, you’ll need to gather several important documents, such as proof of income and financial statements. Expect the approval timeline to vary, often taking several weeks depending on the lender’s review process and your financial situation. Comprehending these requirements can help you navigate the application process more smoothly. Required Documentation Overview Applying for a commercial equity loan requires careful preparation of various documents that demonstrate your financial stability and repayment ability. To streamline your application process, you’ll need to gather the following key items: Proof of Income: Recent pay stubs or business financial statements showing your earning capacity. Credit Score: A minimum credit score of 650 is typically required to assess your creditworthiness. Down Payment: Be prepared to make a down payment of at least 20% of the property value. Additional Documentation: This may include business plans, tax returns, and other financial documents that provide insight into your overall financial health. Having these documents ready can help facilitate a smoother application experience. Approval Timeline Expectations Grasping the approval timeline for commercial equity loans is crucial for effective financial planning, as it typically ranges from 30 to 60 days. This timeline varies based on the lender and the complexity of your application. To speed up the process, make sure you gather all required documents, such as proof of income, business plans, and tax returns, before applying. Lenders will also conduct an appraisal to determine your property’s market value, which can add time. Furthermore, a minimum credit score of 650 is usually required, so check your credit history beforehand. By staying organized and ready, you can help facilitate a smoother approval process and potentially shorten the time it takes to secure your loan. Interest Rates and Loan Terms Interest rates and loan terms are crucial factors to take into consideration when exploring commercial equity loans. Typically, interest rates range from 4.30% to 5.00%, influenced by the lender and your creditworthiness. Loan terms can vary widely, commonly lasting between 5 to 20 years. Here are some key points to reflect on: Most lenders require a minimum down payment of at least 20% of the property’s value. The loan-to-value (LTV) ratio typically permits borrowing up to 75% of the property’s appraised value. You may encounter variable interest rates, which can affect your overall borrowing costs as market conditions change. Grasping these rates and terms can help you make informed decisions about your financing options. Managing Your Commercial Equity Loan Managing a commercial equity loan effectively is essential for maintaining your financial stability and protecting your investment. Regularly monitor your cash flow to guarantee timely payments; failure to meet obligations could lead to foreclosure on your property. Understand your loan terms, including interest rates and repayment schedules, to avoid unexpected costs. Consider setting aside a reserve fund for potential cash flow fluctuations or unexpected expenses. Maintaining a strong credit score, ideally above 650, can improve your chances of refinancing or obtaining additional funding in the future. Regular communication with your lender can provide insights into any changes in loan terms and may open up opportunities for adjustments or additional financing. Key Management Tips Description Monitor Cash Flow Guarantee timely payments to avoid default. Understand Loan Terms Familiarize yourself with interest rates and fees. Maintain Reserve Fund Prepare for fluctuations in cash flow. Communicate with Lender Stay informed about potential adjustments. Finding the Right Lender for Your Equity Loan How do you find the right lender for your commercial equity loan? Start by considering Bank of America and private lenders that specialize in commercial financing, as they typically offer customized products for different business needs. To guarantee you get the best deal, compare loan terms, interest rates, and fees from multiple lenders. Many offer competitive fixed-rate loans between 4.30% and 5.00%. Here are some key factors to look for: Lender Requirements: Check their minimum credit score and income proof requirements, often around a score of 650. Flexibility: Seek lenders that allow for various loan amounts and repayment structures, with some permitting up to 75% LTV. Comparative Tools: Use online platforms like Swoop to streamline your search. Customer Service: Evaluate the lender’s support and responsiveness during the application process. Frequently Asked Questions How Does a Commercial Equity Loan Work? A commercial equity loan works by allowing you to borrow against the equity in your commercial property. Lenders typically offer up to 75% of your property’s appraised value. To qualify, you’ll need a minimum credit score of 650, along with proof of income and financial statements. You usually must make a down payment of at least 20%. How Much Would a $50,000 Home Equity Loan Cost per Month? If you take out a $50,000 home equity loan at an average interest rate of 4.5% over 15 years, your monthly payment will be about $379. Keep in mind that interest rates can vary, affecting your payment. Furthermore, you’ll need to take into account other costs, such as appraisal fees or closing costs, which can increase the overall expense. It’s essential to factor in these details when evaluating your loan options. Do You Have to Put 20% Down on a Commercial Loan? You typically need to put down at least 20% on a commercial loan, but this can vary. Some lenders might accept a lower down payment, especially for owner-occupied properties or those considered low risk, sometimes as low as 10%. Factors like your creditworthiness and the property type likewise influence the required down payment. It’s essential to consult with lenders to understand specific requirements for your situation and to improve your chances of loan approval. How Much Equity Can You Pull Out of a Commercial Property? You can typically pull out up to 75% of the equity in a commercial property, depending on its value and existing mortgage. For instance, if your property is valued at $1,000,000 with a $600,000 mortgage, the available equity is $400,000, allowing you access to about $300,000 in cash. Nevertheless, factors like your creditworthiness, income, and financial health can likewise influence the exact amount you can withdraw. Conclusion In conclusion, a commercial equity loan can be a valuable tool for businesses looking to access cash by leveraging their property’s equity. Comprehending how these loans work, the benefits they offer, and the requirements for obtaining one can help you make informed decisions. By carefully evaluating your options and finding the right lender, you can secure financing that supports your business goals during effectively managing repayment terms. Consider this option if you’re seeking funds for expansion or renovations. Image via Google Gemini This article, "What Is a Commercial Equity Loan and How Does It Work?" was first published on Small Business Trends View the full article

A commercial equity loan is a financial tool that lets you tap into the equity of your commercial property. By doing so, you can access cash for business needs like renovations or expansion. Typically, you can borrow up to 75% of your property’s appraised value, but several factors come into play, including your creditworthiness and the property’s assessment. Comprehending how this loan works can help you make informed decisions about funding your business. What are the specific benefits and requirements involved? Key Takeaways A commercial equity loan allows businesses to leverage property equity for cash, typically up to 75% of the appraised value. The loan is secured by the commercial property, requiring a minimum credit score of 650 and a 20% down payment. Lenders evaluate risk through property value, business financials, and creditworthiness during the approval process, which takes 30 to 60 days. Repayment terms can be fixed or variable, with lower interest rates compared to unsecured loans, aiding cash flow management. Proper documentation, including appraisals and financial statements, is essential for securing a commercial equity loan. Understanding Commercial Equity Loans When you consider a commercial equity loan, you’re fundamentally looking at a way to tap into the value your commercial property has built up over time. This type of financing allows you to access cash by leveraging that equity for various purposes, such as repairs, renovations, or new investments. Typically, banks and private lenders offer these loans, providing funding amounts that depend on their criteria and your property’s value, often with loan-to-value (LTV) ratios reaching up to 75%. To qualify for a commercial equity loan, you usually need a minimum credit score of 650, proof of income, and a down payment of at least 20%. Many commercial equity loans come with fixed rates, making your monthly payments predictable. Nevertheless, it’s essential to understand the risks involved, including potential foreclosure if you miss payments and how fluctuations in property value can impact your loan terms. How Commercial Equity Loans Work Comprehending how commercial equity loans work is vital for business owners looking to leverage their property’s value. These loans enable you to access the equity built in your commercial property, providing cash for repairs, renovations, or new investments. To qualify, lenders typically require a minimum credit score of 650 and a down payment of at least 20% of the property’s value. The amount you can borrow typically depends on the loan-to-value (LTV) ratio, which may allow you to secure up to 75% of the appraised property value, minus any existing liens. Lenders assess risk by evaluating factors like the property’s value, your creditworthiness, and your business financials, including tax returns and financial statements. Finally, repayment terms and interest rates can vary considerably based on the lender’s criteria and your overall financial health, so it’s imperative to review multiple options before proceeding. Benefits of Commercial Equity Loans When you consider a commercial equity loan, you reveal the potential for significant access to capital by leveraging the equity in your property. This type of financing not just offers flexible funding solutions customized to your specific needs but additionally comes with lower interest rates compared to other loan options. With these advantages, you can effectively manage your cash flow and invest in growth opportunities without sacrificing ownership. Access to Capital Accessing capital through commercial equity loans can be a strategic move for business owners looking to fund various initiatives or manage operational costs. By leveraging the equity built in your commercial property, you can access a lump sum of cash, often up to 75% of the property’s appraised value. This substantial capital can be utilized for repairs, renovations, or even purchasing new investment properties. Significantly, you don’t need an extensive credit history or high personal credit score to qualify. With competitive fixed rates typically ranging from 4.30% to 5.00%, these loans can help you minimize reliance on high-interest unsecured loans or credit cards, ultimately enhancing your cash flow and reducing overall borrowing costs. Flexible Funding Solutions Leveraging the equity in your commercial property opens up a variety of flexible funding solutions that can greatly benefit your business. Commercial equity loans allow you to access up to 75% of your property’s equity, providing a lump sum for repairs, renovations, or new investments. These loans are particularly advantageous for business owners needing funds for bills, expansion, or capital improvements. Furthermore, with competitive interest rates and adaptable repayment terms, you can customize the loan to fit your financial situation. By using your property as collateral, you can secure funding during the process of potentially improving your cash flow management. Benefit Description Access to Funds Obtain cash for various business needs Custom Repayment Customize terms based on your financial situation Lower-Cost Financing Often cheaper than unsecured loans Improved Cash Flow Management Minimize debt obligations while securing funding Equity Utilization Leverage built equity for growth and expansion Lower Interest Rates Even though many business owners seek financing options, commercial equity loans stand out due to their lower interest rates compared to unsecured loans. Typically ranging from 4.30% to 5.00%, these rates make them an appealing choice for financing projects at a reduced cost. By leveraging the equity in your commercial property, you can secure financing at rates that are usually more favorable than personal loans or credit cards. As these loans are asset-based, lenders offer better terms, reflecting the reduced risk of collateralized loans. You can access up to 75% loan-to-value (LTV) on commercial properties, allowing significant equity use during competitive interest rates. In the end, lower rates can lead to substantial savings for your business. Types of Commercial Properties Eligible for Equity Loans When considering a commercial equity loan, you’ll find several types of properties eligible for financing. Office spaces, retail stores, and industrial facilities often meet the criteria, as lenders evaluate their market value and equity position. Comprehending the specific requirements for each property type can help you determine the best funding options available. Office Properties Eligibility Criteria Office properties can qualify for commercial equity loans, provided they meet specific eligibility criteria. To maximize your chances of approval, consider the following factors: Property Value: Your office property should be valued up to $5 million to be eligible for these loans. Loan-to-Value Ratio: Lenders typically allow a maximum loan-to-value (LTV) ratio of up to 75%, based on your property’s market value and existing liens. Occupancy and Income: The property’s occupancy rate and income generation potential play a crucial role in determining eligibility. Documentation: You must demonstrate financial stability by providing documentation, including income proof and business financial statements. Focusing on these criteria can improve your likelihood of securing a commercial equity loan for your office property. Retail Spaces Funding Options Are you considering how to finance your retail space? Retail properties, including shopping centers and standalone stores, often qualify for commercial equity loans. These loans can provide up to 75% loan-to-value (LTV), allowing you to access substantial cash based on your property’s appraised value. To secure a loan, you typically need a credit score of at least 650, along with proof of income and other financial documents. Lenders will conduct a thorough appraisal to determine your property’s market value and the equity available for borrowing. The funds you acquire can be used for various purposes, such as renovations, purchasing inventory, or broadening your business, finally enhancing your operational capabilities. Industrial Properties Considerations Industrial properties play a crucial role in the commercial real estate market, and comprehending their financing options can help you make informed decisions. If you’re considering a commercial equity loan for industrial properties, keep these points in mind: Property Types: Eligible properties include warehouses, distribution centers, and production facilities. Value Limits: Properties valued up to $5 million typically qualify, allowing access to significant equity. LTV Ratio: The loan-to-value ratio can reach up to 75%, providing substantial funds based on your property’s equity. Documentation: Proper documentation, including appraisals and financial statements, is vital for evaluating value and suitability. Understanding these aspects can guide you in leveraging your industrial property for financing needs. Requirements for Obtaining a Commercial Equity Loan When considering a commercial equity loan, you’ll need to meet several key requirements that demonstrate your financial stability and ability to repay the borrowed amount. First, most lenders require a minimum credit score of 650, as this reflects your creditworthiness. You’ll furthermore need to provide proof of income and financial stability, showcasing your capacity to handle repayments. Typically, a down payment of at least 20% of the property’s value is expected, reducing the lender’s risk. In addition, you may have to submit further documentation, including business plans, financial statements, and tax returns, to help assess your financial situation and the property’s worth. Loan amounts and terms are primarily determined by the property’s assessed value, with lenders often allowing up to 75% loan-to-value (LTV). Meeting these requirements can help pave the way for securing a commercial equity loan that suits your needs. Risks Involved With Commercial Equity Loans Although commercial equity loans can provide valuable funding for your business, they come with several risks that you must consider. Comprehending these risks is essential for making informed financial decisions. Here are four key risks to keep in mind: Foreclosure Risk: Defaulting on payments can lead lenders to seize the property used as collateral, putting your business at risk. Property Value Fluctuation: A decrease in property value can affect your loan terms and make refinancing or selling the property more challenging without incurring losses. High Costs: Poorly structured loans may result in higher interest rates or additional fees, increasing your overall borrowing costs. Market Conditions: Fluctuating interest rates and economic downturns can make commercial equity loans less predictable, adding another layer of risk to your financial strategy. Being aware of these risks can help you navigate your financing options more wisely. Commercial Equity Loans vs. Commercial Equity Lines of Credit Comprehending the differences between commercial equity loans and commercial equity lines of credit (CELOC) is important for making informed financial choices for your business. A commercial equity loan provides a one-time lump sum of cash, whereas a CELOC offers a revolving line of credit from which you can draw funds as needed during a set period. Both options typically allow borrowing up to 75% of the property’s loan-to-value ratio, providing substantial access to equity. CELOCs are often more cost-effective, as you only incur interest on the amount drawn, unlike commercial equity loans, which require repayment of the full borrowed amount. Furthermore, CELOCs offer flexibility for cash flow needs or emergencies without needing to reapply, in contrast to commercial equity loans that come with fixed terms and repayment schedules. Finally, CELOCs may require a personal credit score of 600 or higher, whereas commercial equity loans typically demand a minimum score of 650. CMBS Cash-Out Refinancing for Larger Properties If you’re a property owner with commercial real estate valued at $2 million or more, CMBS cash-out refinancing could be a strategic option for accessing equity during managing existing debts. This refinancing method enables you to tap into your property’s value, allowing for potential growth or improvements. Here are some key benefits of CMBS cash-out refinancing: Loan-to-Value (LTV): You can access up to 75% of your property’s value. Asset-Based Loans: These loans typically have less stringent financial requirements than traditional options. Fixed Rates: Competitive interest rates usually range from 4.30% to 5.00%. Funding Opportunities: It’s particularly useful for financing renovations, expansions, or other investments during handling existing obligations. Application Process for Commercial Equity Loans When you’re ready to apply for a commercial equity loan, you’ll need to gather several important documents, such as proof of income and financial statements. Expect the approval timeline to vary, often taking several weeks depending on the lender’s review process and your financial situation. Comprehending these requirements can help you navigate the application process more smoothly. Required Documentation Overview Applying for a commercial equity loan requires careful preparation of various documents that demonstrate your financial stability and repayment ability. To streamline your application process, you’ll need to gather the following key items: Proof of Income: Recent pay stubs or business financial statements showing your earning capacity. Credit Score: A minimum credit score of 650 is typically required to assess your creditworthiness. Down Payment: Be prepared to make a down payment of at least 20% of the property value. Additional Documentation: This may include business plans, tax returns, and other financial documents that provide insight into your overall financial health. Having these documents ready can help facilitate a smoother application experience. Approval Timeline Expectations Grasping the approval timeline for commercial equity loans is crucial for effective financial planning, as it typically ranges from 30 to 60 days. This timeline varies based on the lender and the complexity of your application. To speed up the process, make sure you gather all required documents, such as proof of income, business plans, and tax returns, before applying. Lenders will also conduct an appraisal to determine your property’s market value, which can add time. Furthermore, a minimum credit score of 650 is usually required, so check your credit history beforehand. By staying organized and ready, you can help facilitate a smoother approval process and potentially shorten the time it takes to secure your loan. Interest Rates and Loan Terms Interest rates and loan terms are crucial factors to take into consideration when exploring commercial equity loans. Typically, interest rates range from 4.30% to 5.00%, influenced by the lender and your creditworthiness. Loan terms can vary widely, commonly lasting between 5 to 20 years. Here are some key points to reflect on: Most lenders require a minimum down payment of at least 20% of the property’s value. The loan-to-value (LTV) ratio typically permits borrowing up to 75% of the property’s appraised value. You may encounter variable interest rates, which can affect your overall borrowing costs as market conditions change. Grasping these rates and terms can help you make informed decisions about your financing options. Managing Your Commercial Equity Loan Managing a commercial equity loan effectively is essential for maintaining your financial stability and protecting your investment. Regularly monitor your cash flow to guarantee timely payments; failure to meet obligations could lead to foreclosure on your property. Understand your loan terms, including interest rates and repayment schedules, to avoid unexpected costs. Consider setting aside a reserve fund for potential cash flow fluctuations or unexpected expenses. Maintaining a strong credit score, ideally above 650, can improve your chances of refinancing or obtaining additional funding in the future. Regular communication with your lender can provide insights into any changes in loan terms and may open up opportunities for adjustments or additional financing. Key Management Tips Description Monitor Cash Flow Guarantee timely payments to avoid default. Understand Loan Terms Familiarize yourself with interest rates and fees. Maintain Reserve Fund Prepare for fluctuations in cash flow. Communicate with Lender Stay informed about potential adjustments. Finding the Right Lender for Your Equity Loan How do you find the right lender for your commercial equity loan? Start by considering Bank of America and private lenders that specialize in commercial financing, as they typically offer customized products for different business needs. To guarantee you get the best deal, compare loan terms, interest rates, and fees from multiple lenders. Many offer competitive fixed-rate loans between 4.30% and 5.00%. Here are some key factors to look for: Lender Requirements: Check their minimum credit score and income proof requirements, often around a score of 650. Flexibility: Seek lenders that allow for various loan amounts and repayment structures, with some permitting up to 75% LTV. Comparative Tools: Use online platforms like Swoop to streamline your search. Customer Service: Evaluate the lender’s support and responsiveness during the application process. Frequently Asked Questions How Does a Commercial Equity Loan Work? A commercial equity loan works by allowing you to borrow against the equity in your commercial property. Lenders typically offer up to 75% of your property’s appraised value. To qualify, you’ll need a minimum credit score of 650, along with proof of income and financial statements. You usually must make a down payment of at least 20%. How Much Would a $50,000 Home Equity Loan Cost per Month? If you take out a $50,000 home equity loan at an average interest rate of 4.5% over 15 years, your monthly payment will be about $379. Keep in mind that interest rates can vary, affecting your payment. Furthermore, you’ll need to take into account other costs, such as appraisal fees or closing costs, which can increase the overall expense. It’s essential to factor in these details when evaluating your loan options. Do You Have to Put 20% Down on a Commercial Loan? You typically need to put down at least 20% on a commercial loan, but this can vary. Some lenders might accept a lower down payment, especially for owner-occupied properties or those considered low risk, sometimes as low as 10%. Factors like your creditworthiness and the property type likewise influence the required down payment. It’s essential to consult with lenders to understand specific requirements for your situation and to improve your chances of loan approval. How Much Equity Can You Pull Out of a Commercial Property? You can typically pull out up to 75% of the equity in a commercial property, depending on its value and existing mortgage. For instance, if your property is valued at $1,000,000 with a $600,000 mortgage, the available equity is $400,000, allowing you access to about $300,000 in cash. Nevertheless, factors like your creditworthiness, income, and financial health can likewise influence the exact amount you can withdraw. Conclusion In conclusion, a commercial equity loan can be a valuable tool for businesses looking to access cash by leveraging their property’s equity. Comprehending how these loans work, the benefits they offer, and the requirements for obtaining one can help you make informed decisions. By carefully evaluating your options and finding the right lender, you can secure financing that supports your business goals during effectively managing repayment terms. Consider this option if you’re seeking funds for expansion or renovations. Image via Google Gemini This article, "What Is a Commercial Equity Loan and How Does It Work?" was first published on Small Business Trends View the full article

Not to be outdone by the likes of Samsung and TLC, Amazon is joining the picture frame TV space. At CES 2026, the company announced a new line of unobtrusive smart TVs, complete with a new brand name and a redesigned FireTV OS, which will also show up on other FireTV devices. Meet the Ember Artline TV series Credit: Amazon Amazon is calling its new line of art TVs "Ember Artline." They will ship in two sizes, 55 inches and 65 inches, with pricing starting at $899 for the base model—some $200 cheaper than the list price of Samsung's Frame TVs (though those models are regularly discounted on Amazon). The panels will offer 4K QLED screens with 450 nits of brightness. Because it's an art TV, there is a matte screen coating to reduce glare and make it look less like a standard TV. They also feature Dolby Vision, HDR10+, and Wi-Fi 6. Design-wise, they're incredibly thin, around 1.5 inches thick. Amazon's big selling point here is the Ember Artline offers 10 different frame options, all of which snap on the TV with magnets. You can choose between textures and colors like Walnut, Ash, Teak, Black Oak, Matte White, Midnight Blue, Fig, Pale Gold, Graphite, and Silver. In its art mode, the sets will cycle between 2,000 images of artworks, or your personal selection of photos. "Omnisense technology" will allow the display to turn on when anyone walks in the room, and turns off when they walk out, saving energy. And of course, this wouldn't be a CES 2026 product announcement without a bit of AI. Amazon is integrating Alexa+ into the FireTV OS on these sets, including an AI feature that will show art pieces on TV that match the decor and room that you're in (after you upload four photos taken from different angles). With an Amazon Photos connection, you can also ask Alexa+ to create slideshows from specific vacations, days, or events. The Ember Artline lineup will start shipping sometime in spring, starting in the U.S., Canada, Germany, and the U.K. There's also a redesigned FireTV interface Credit: Amazon Along with the new art TVs, Amazon also showed off a redesigned FireTV interface—and it looks quite a bit like Google TV. That's not a bad thing from my point-of-view; one of my biggest issues with the FireTV OS is its slow and inconsistent home page. A refresh with better organization will certainly help, and visually, it looks a lot cleaner, with rounded corners, consistent typography, and much better spacing between elements. The home screen now has tabs above to quickly switch to movies, TV show, live games, and more. You can also press and hold the Home button to open a Control Center like menu, again similar to Google TV. You will also be able to pin more apps to the home screen. Previously you were limited to six large apps. The refreshed interface has space for up to 20 apps of your choosing. The refresh will begin rolling out next month in the U.S. to the Fire TV Stick 4K Plus, Fire TV Stick 4K Max 2nd Gen, and Fire TV Omni Mini-LED Series, and will be followed by more countries down the line. It will be available on the Ember TV series at launch. View the full article

Plus 19 more key takeaways! The Disruptors With Liz Farr Go PRO for members-only access to more Liz Farr. View the full article

Plus 19 more key takeaways! The Disruptors With Liz Farr Go PRO for members-only access to more Liz Farr. View the full article

Prime minister urges cabinet to focus on issues that matter to voters in start-of-year meetingView the full article

'Wi-Fi offload' is a Wi-Fi megatrend. Here's Cambium Networks' offload solution. The post Cambium Networks delivers monetization & DAS-replacement mobile coverage with Passpoint & Wi-Fi offload appeared first on Wi-Fi NOW Global. View the full article

It’s not just XRP that is having a good 2026 so far. One of the world’s oldest assets, gold, is also having a good run in the first week of the year. Here’s where the precious metal stands, and why its price is rising. An ounce of gold is close to its all-time high The price of one ounce of gold reached $4,497.20 on Tuesday, according to data from Yahoo Finance. That price represents a 1% gain for the precious metal for the day so far, or an increase of $45.70 per ounce. At over $4,497, gold is now near its all-time high of $4,549.74, which it reached just weeks ago on December 26. Since the year began, gold has now risen about 2.8%. As Reuters notes, 2025 was a phenomenal year for gold. The precious metal rose 64% in the year—a gain of that magnitude has not been seen since 1979. Why is gold rising? That gold is up again near an all-time high is of little surprise given the investment history of the metal. Gold has traditionally been a “safe-haven” asset—a resource people turn to when there is volatility or uncertainty in the markets or the world. And 2026 has kicked off with a high level of geopolitical volatility and uncertainty thanks to America’s attack on Venezuela over the weekend to forcibly extradite its president, Nicolás Maduro. The U.S government has indicted Maduro on a number of charges, including drug trafficking. The foreign intervention from the United States has left governments around the world uncertain about America’s next steps under President The President’s leadership. The forcible extradition of a sitting head of state—and apparent threats to use force against more countries—have many wondering if America may be on the cusp of a new doctrine that prioritizes military might over international rules-based norms. Such a shift in policy would have wide geopolitical and economic ramifications, and the uncertainty about how far the The President administration is willing to go down this new path has sent many investors seeking relatively safe-haven assets like gold, which generally fluctuates less in times of uncertainty than other assets, such as stocks. Venezuela isn’t the only reason gold is up Yet America’s strike on its South American neighbor isn’t the only reason gold is rising. Several economic factors are also driving people to the safe-haven asset, Reuters points out. Those factors include U.S. manufacturing activity contracting more than expected in December and the chance America’s jobless rate could increase in the near future. Both those factors can have negative consequences for the broader economy and signal a potential economic downturn. Safe-haven assets are a way for investors to hedge against such downturns. Other precious metals up, too Gold isn’t the only precious metal rising. The price of platinum is currently up more than 5% today to $2,404. Silver is also up significantly, rising by more than 4.6% today as of the time of this writing. The metal had a somewhat volatile December, rising and then falling at various points throughout the month. But it’s up more than 161% over the last year. Interestingly, all this comes as traditional stock markets also continue to perform well. The S&P 500, Dow Jones, and Nasdaq Composite are all in positive territory for the week so far and close to record highs. View the full article

Some investors reduce positions or buy protection for their portfolios amid concerns over valuationsView the full article

While the Lego Group has dipped its toes into tech waters before, the company hasn’t strayed far from its analog roots. But on Monday, the 94-year-old company unveiled a new product line that embraces the digital age, without abandoning its core business. At CES, Lego announced the upcoming launch of the Lego Smart Play system, an interactive technology that lets users’ Lego creations respond to player actions with tailored sounds, lights, behavior, and more. The company says it’s a way to further engage digital native kids without having them stare at yet another screen. While the toy market has struggled for the past few years, sales at the Lego Group have remained strong; 2024 was a record year, with revenues of $10.8 billion, and the first half of 2025 showed further growth. But the competition for kids’ attention continues to grow. Through Smart Play, the company hopes to keep younger Lego enthusiasts engaged. “Everything that we do is driven with an appetite for innovation,” says Julia Goldin, chief product and marketing officer of the Lego Group. “It took a long time to craft the technology that would enable us to do it in a way that’s also lesson-based.” The first three products, launching March 1, will be Star Wars-themed: Luke Skywalker’s 548-piece X-Wing ($100), Darth Vader’s TIE Fighter (743 pieces, $69), and a 962-piece set that includes the Emperor’s Throne Room and an A-Wing for $160. Lego showcased the technology in demos at CES, showing how Smart Play could work in a number of scenarios. When a Lego minifigure “robber” tried to steal a police car, for instance, an alarm sounded, but when the police minifigure sat in the driver’s seat, it triggered a siren. Lego ducks quacked. And car wheels squealed when players took sharp turns with their Lego creations. Those were just tech demos and not something Lego plans to release. The Star Wars sets will mark the debut of Lego Smart Play at retail. Like the demos, though, the X-Wing and TIE Fighter make the same sounds fans know from the big screen as players pretend to fly them through the air. Crash the X-Wing (or turn it upside down) and R2-D2 will scream in terror. Lego will begin taking preorders on Jan. 9 through its website and retail stores. (Other retailers will as well.) And while the initial focus is on kids, Goldin says, based on early feedback, she’s confident the technology will find its way to larger Lego kits tailored to adults. A long time coming Work on Lego Smart Play started eight years ago, with more than six years of technological development. The result is a system that incorporates three interactive elements: Lego Smart Tags, Lego Smart Bricks, and Lego Smart Minifigures. Those three elements work in tandem. Smart tags—flat-topped two-by-two pieces that sit atop the Smart Bricks—control the sounds, lights, and behaviors that are performed. And multiple smart tags can interact with each other, making for a more complex (and interactive) experience. The Smart Brick itself is loaded with sensors, accelerometers, a mini speaker, and more—and powered by a newly created silicon ASIC chip that’s smaller than one standard Lego stud. Smart Minifigures, meanwhile, have their own personalities, with programmed moods and reactions that are heard through the Smart Brick’s speaker. The Smart Brick reacts differently depending on how it’s moved, twisted, and turned. And because it has a synthesizer embedded, it can create any sound the programmers want, versus a limited set. In total, Lego has filed 25 patents for the new technology, and the company says at its peak, the production line for the Smart Brick was as long as seven school buses. Some of the interactive elements almost didn’t happen. Lego spent years developing the positioning system that lets Smart Bricks know precisely how close they are to other Smart Bricks, Smart Tags, and Smart Minifigures and react appropriately. Deadlines came and went. Finally, just as executives decided to scrap the concept, the team tweaked the system one last time—and managed to get it working One of the key factors in designing and building the new type of Lego brick, says Lego Group senior vice president and head of Creative Play Lab Tom Donaldson, was to create something that would have the same longevity as the classic bricks (which were introduced in 1958). “We want to [build] a platform that lasts for a period of time,” he says. “If you have a Lego brick from this year, it works with a Lego brick from 10 or 30 years ago. We spent a lot of time thinking ‘how do we build a system that lasts rather than a system that you have to upgrade?’ We don’t expect consumers will have to replace their bricks every two years. We want them to keep the same bricks—and that brings a lot of challenges.” That doesn’t mean the technology won’t improve. Donaldson says the company will push software upgrades in years to come, rather than update the hardware, giving players new abilities without having to invest in new technology. The Lego Smart Bricks will come with a wireless charger. Battery life will vary depending on how “hard” users play with the bricks. Times can range from roughly 40 minutes to a couple of hours, says Soren Holme, a design director at Lego. They can interact with each other from as far as 23 feet away in open spaces, he adds. And to ensure the Smart Bricks can be played with for years, they hold their charge in a coil, much like an electric toothbrush. That not only makes them easier to charge wirelessly, it ensures a longer lifespan. The new bricks are loaded with all manner of tech, but what you won’t find included is artificial intelligence. While so many other products at CES are hopping on board the AI bandwagon, Lego decided to abstain with its new product—for now, at least. “When we first started, we expected to bring in AI at some point, but it wasn’t the first thing to bring in,” says Donaldson. “At the moment, we think we have some tremendous opportunities that don’t require AI and that’s where we really want to focus today.” “Should we see an opportunity where AI can play a role, it’s possible to integrate and evolve it in the future,” adds Goldin. “But we wanted to design an experience the consumers would really love—and we didn’t think we needed AI for that experience.” View the full article

A reader writes: This is hard for me to write. I’m a woman in my late forties with two grown children. I remember how stressful it was a decade ago, when my kids were little, to keep them out of earshot during conference calls on the rare days I could work from home. In my current role, I have dotted-line management responsibility for “Steve,” who has two children under four. We’re a fully remote company, and all meetings are on video with cameras on. Steve often has one of his children on his lap during both internal and external calls. His spouse works from home part-time, but he still seems to be the primary caregiver for at least part of the workday. I’m conflicted about what, if anything, to do. Steve consistently delivers great work and meets deadlines. I have no concerns about his performance (though I only manage part of his portfolio). At the same time, it feels unprofessional to have children present on video calls — especially external ones. The kids are adorable, but they can be distracting. Then again, maybe that shouldn’t matter. I find myself wrestling with several questions: • Are expectations that children stay out of sight during work calls outdated? • Should we extend more grace to working parents? • Am I subconsciously reacting to how I was taught, as a young mother, to hide my family life to seem “serious”? • Would this be perceived differently if Steve were a woman? Given that I’m not his direct manager and his work is strong, I’m unsure what my responsibility is. Should I raise this at all? Or is it something his direct manager (or no one) needs to address? For context: we’re a fully remote company where children or pets sometimes make quick cameos, but Steve is the only person who regularly has a child visible throughout meetings. I’ll say it: Steve should not regularly have his kids on his lap during work calls. A sleeping baby would be one thing, but older or awake kids are just inherently going to be a distraction, to Steve and to everyone on the call — and that’s particularly true of toddlers! Toddlers talk, move around, and have needs that have to be addressed; it’s highly unlikely that they’re sitting motionless and silently on Steve’s lap for all of these meetings (and frankly if they were, that would be odd enough to concern me). They’re going to distract other participants from whatever’s being discussed, and they’re going to distract Steve from fully focusing. That’s no slam on kids. Kids are great. But they’re generally not in work meetings for a reason, and that doesn’t change just because these meetings are remote instead of in-person. And it’s happening on external calls too? I’d bet money that you have a lot of clients who really don’t appreciate having a kid present and creating a distraction (even a mild one) on their calls. It sounds like a huge part of the problem — likely the entire problem — is that Steve is trying to care for little kids at the same time that he’s supposed to be doing his job. Does your company not have a policy requiring remote workers to have separate childcare if they have young kids at home? That’s a very, very normal policy to have, and it might solve this whole thing. To your specific questions: • Are expectations that children stay out of sight during work calls outdated? No — again, because of the distractions they pose. It’s fine for a kid to make a brief appearance on an internal work call, either because they’re passing through or because someone has a rare emergency situation they’re juggling. But it shouldn’t be the normal care plan for the reasons above. • Should we extend more grace to working parents? Yes. We should extend more grace to all humans, which includes as much flexibility as any given job allows for, generous time off, and an understanding that we are all people with commitments outside of our jobs. But that does not mean “regularly bring your kid into work calls.” It’s still reasonable to expect people to have separate child care while you need them focused on work. • Am I subconsciously reacting to how I was taught, as a young mother, to hide my family life to seem “serious”? Maybe, but what Steve’s doing also sounds like a legitimate problem. • Would this be perceived differently if Steve were a woman? Yes. It would be perceived worse. Men generally get praised for being involved fathers, even when it interferes with work. Women get mommy-tracked. As for what to do … you’d be on solid ground asking Steve’s manager to address it with him. But you could also say to Steve, “Your kids are adorable but it can be distracting to have them on calls more than for a quick hello. Can we schedule our calls for times when you won’t need to be supervising them?” And if you are in charge of client calls that he’s part of, it’s beyond reasonable to have a blanket rule of no kids or other distractions when talking to clients. The post my coworker always has his toddlers on his lap on work calls appeared first on Ask a Manager. View the full article

Federal Reserve Bank of Richmond President Tom Barkin said economic uncertainty should ease in the coming year as businesses gain confidence in sustained demand and adapt to the new policy environment. View the full article

Late last year, commercial bank holdings of mortgage paper reached the highest level since 2023 as these depositories are flush with deposits. View the full article

Takeover is largest-ever acquisition of a privately held UK AI start-upView the full article

Nvidia, AMD and Intel all had important chip and AI platform announcements on the first day of CES 2026, but all audiences wanted to see more of was Star Wars and Jensen Huang’s little robot buddies. CES is a huge opportunity annually for companies both large and small to parade products they plan to put on shelves this year. As predicted, artificial intelligence was anchored in nearly everything as tech firms continue to look for AI products that will attract customers. Here are the highlights from Day 1: Nvidia gets physical The biggest buzzword in the air at CES is “physical AI,” Nvidia’s term for AI models that are trained in a virtual environment using computer generated, “synthetic” data, then deployed as physical machines once they’ve mastered their purpose. CEO Jensen Huang showed off Cosmos, an AI foundation model trained on massive datasets, capable of simulating environments governed by actual physics. He also announced Alpamayo, an AI model specifically designed for autonomous driving. Huang revealed that Nvidia’s next generation AI superchip platform, dubbed Vera Rubin, is in full production, and that Nvidia has a new partnership with Siemens. All of this shows Nvidia is going to fight increased competition to retain its reputation as the backbone of the AI industry. But once Huang called for two little, waddling, chirping robots to join him on stage, that’s all the audience wanted to see more of. The chips are back in town AMD CEO Lisa Su announced a new line of its famed Ryzen AI processors as the company continues to expand its footprint in the world of AI-powered personal computers. For gamers, AMD also showed off the latest version of its gaming-focused processor, the AMD Ryzen 7 9850X3D. Meanwhile, Intel announced its new AI chip for laptops, Panther Lake (also known as the Intel Core Ultra Series 3), and said the company has plans to launch a new platform to address a growing market for handheld video gaming machines. Intel, a Silicon Valley pioneer that enjoyed decades of growth as its processors powered the personal computer boom, fell into a slump after missing the shift to the mobile computing era unleashed by the iPhone. It fell further behind after the AI boom propelled Nvidia into the spotlight. President Donald The President’s administration stepped in recently to secure a 10% stake in the company, making the government one of Intel’s biggest shareholders. Federal officials said they invested in Intel to support U.S. technology and domestic manufacturing. Uber dives back into the robotaxi game Uber is giving the public a first look at their robotaxi at this CES this week. Uber, along with luxury electric vehicle manufacturer Lucid Motors and vehicle tech company Nuro, introduced an autonomous vehicle with an Uber-designed in-cabin experience. Uber calls it the most luxurious robotaxi yet. It features cameras, sensors and radars that provide 360-degree perception and a low-profile roof “halo” with integrated LEDs that will display riders’ initials to help them spot their car and track their ride status. Inside, riders can personalize everything from climate and seat heating to music, while real-time visuals show exactly what the vehicle is seeing on the road and the route it plans to take. Autonomous on-road testing began last month in San Francisco, led by Nuro, marking a major step toward what the companies said is a planned launch before the end of the year. Star Wars and Lego announce new a partnership When Lucasfilm chief creative officer David Filoni brought out an array of X-Wing pilots, Chewbacca, R2D2 and C-3PO, he won the Star Wars fandom for Lego. Lego announced its Lego Smart Play platform on Monday, which introduces new smart bricks, tags and special minifigs for your collection. The new bricks contain sensors that enable them to sense light and distance, and to provide an array of responses, essentially lights and sounds, when they are used in unison. Combine this with a newly announced partnership with the Star Wars franchise and now you can create your own interactive space battles and light-saber duels. LG reveals a new robot to help around the home File this one under intrigued, for now. The Korean tech giant gave the media a glimpse Monday of its humanoid robot that is designed to handle household chores such as folding laundry and fetching food. Although many companies have robots on display at CES, LG certainly is one of the biggest tech companies to promise to put a service robot in homes. It will be on display beginning Tuesday, so we’ll have more to report soon. What’s new with lollipops? Music you can taste was on display Monday at CES: Lollipop Star unveiled a candy that plays music while you eat it. The company says it uses something called “bone induction technology,” which lets you hear songs — like tracks from Ice Spice and Akon — through the lollipop as you lick it or bite it in the back of your mouth, according to spokesperson Cassie Lawrence. The musical lollipops will go on sale after CES on Lollipop Star’s website for $8.99 each. And if that wasn’t enough star power, Akon was expected to visit the company’s booth Tuesday when CES opens to the public. Atlas holds up Hyundai’s (manufacturing) world Hyundai-owned Boston Dynamics publicly demonstrated its humanoid robot Atlas for the first time at the CES tech showcase, ratcheting up a competition with Tesla and other rivals to build robots that look like people and do things that people do. The company said a version of the robot that will help assemble cars is already in production and will be deployed by 2028 at Hyundai’s electric vehicle manufacturing facility near Savannah, Georgia. Delta gets spherical Delta Air Lines is taking entertainment to new heights as the “official airline” of the Sphere in Las Vegas. The airline announced a new multiyear partnership with Sphere Entertainment Co. that it says will deliver premium experiences to the venue, including a Delta SKY360° Club lounge. The carrier said SkyMiles members can unlock exclusive access to other experiences at the Sphere, starting during the final weekend of the Backstreet Boys’ residency in February with features including private suite seating, food and beverages. The partnership brings Delta branding to the Sphere’s massive exterior LED screen. Delta says more exclusive SkyMiles experiences will roll out in 2026 and beyond. —Shawn Chen and Rio Yamat, Associated Press View the full article

Starting a franchise can be a rewarding venture, but it requires careful planning and execution. First, you’ll need to evaluate your business readiness, ensuring your operational systems and profitability align with franchising standards. Next, conduct thorough market research to identify your target audience. From there, you’ll develop a Franchise Disclosure Document (FDD) and a solid business plan. Comprehending legal requirements and selecting a location are equally essential steps. With these foundations in place, you can move forward effectively. What comes next? Key Takeaways Assess your business’s profitability and operational systems to ensure they are replicable for franchise success. Conduct thorough market research to identify demand and competitive landscape for your franchise opportunity. Develop a comprehensive Franchise Disclosure Document (FDD) that complies with legal requirements and includes necessary disclosure items. Create a detailed franchise business plan outlining financial projections, funding needs, and marketing strategies to attract potential franchisees. Hire and train staff using franchisor resources while implementing effective marketing strategies to boost brand visibility and customer engagement. Evaluate Your Business Readiness for Franchising Before plunging into the domain of franchising, it’s vital to assess your business readiness to guarantee long-term success. Start by evaluating your business’s profitability and operational systems to see if they can be replicated by franchisees. A strong foundation is fundamental. Next, look at market demand and the competitive environment; sufficient interest is significant for growth when learning how to start a franchise restaurant. You’ll additionally need to reflect on your willingness to share control and profits, as franchising involves adhering to a standardized model. Analyze your own readiness, including your ability to support and train franchisees during the maintenance of brand reputation. Finally, calculate the financial implications, as developing a Franchise Disclosure Document can range from $15,000 to $100,000. Conduct Thorough Market Research Conducting thorough market research is essential for anyone looking to start a franchise, as it helps you grasp local industry demand and competition when identifying viable business opportunities. Start by analyzing federal and state data sources, such as the U.S. Census Bureau and the Bureau of Labor Statistics, to gather relevant demographic information and economic trends. As you explore franchise options, review the Franchise Disclosure Document (FDD) for insights into the franchisor’s historical performance and growth potential. Engaging with existing franchisees can provide valuable firsthand knowledge about market conditions and customer preferences. Finally, assess the territory parameters outlined in the FDD, as comprehending exclusivity and market saturation can notably impact your franchise’s profitability. Develop Your Franchise Disclosure Document (FDD) To develop your Franchise Disclosure Document (FDD), you’ll need to include vital disclosure items that outline fees, obligations, and the franchise agreement. It’s imperative to meet compliance requirements, as each state has specific laws you must follow to operate legally. Furthermore, keep in mind that the FDD must be updated annually and prepared well in advance of any agreements, so planning ahead is key. Essential Disclosure Items A significant step in starting a franchise is developing your Franchise Disclosure Document (FDD), which must include 23 specific disclosure items. These items provide prospective franchisees with important information about fees, obligations, and the franchise system’s history. You need to deliver the FDD to potential franchisees at least 14 days before they sign any agreements or make payments, ensuring they’ve ample time to review it. Furthermore, franchise registration states have unique requirements for the FDD, often needing state-specific addendums and modifications. It’s important to keep the FDD updated to reflect any changes in the franchise system. Finally, consider seeking legal assistance to navigate complex franchise laws and avoid potential penalties from mistakes in the document. Compliance Requirements When you’re preparing to launch a franchise, comprehending compliance requirements is vital, especially regarding the Franchise Disclosure Document (FDD). The FDD is a legal requirement consisting of 23 disclosure items that provide prospective franchisees with important information about fees, obligations, and the franchise agreement. You must disclose the FDD to potential franchisees at least 14 days before they sign any agreements or make payments, allowing them time to review it. Furthermore, annual updates are necessary to maintain compliance, in addition to state registrations that may require specific addendums. Legal assistance is significant when preparing the FDD to guarantee compliance with federal and state franchise laws, helping you avoid potential legal issues in the future. Update and Registration Process Comprehending the update and registration process for your Franchise Disclosure Document (FDD) is crucial for guaranteeing ongoing compliance and transparency in your franchise operation. To effectively manage your FDD, consider these key steps: Annual Updates: Update the FDD yearly to reflect any changes in your franchise system, financial conditions, or legal obligations. Disclosure Timing: Provide the FDD to prospective franchisees at least 14 days before they sign any agreements or make payments. Multi-State Compliance: Confirm your FDD includes necessary addendums to meet regulations in different states, which may require legal assistance. State Registration: Be aware that 14 states, including California and New York, mandate FDD registration, each with unique requirements and fees. Create a Franchise Business Plan Creating a franchise business plan is essential for laying out your goals and strategies. You’ll need to define your business objectives clearly, outline your financial projections, and identify your target market to guarantee you’re on the right track. This structured approach not just guides your operations but likewise appeals to potential investors looking for a solid foundation. Define Business Objectives Defining your business objectives is a critical step in developing a successful franchise business plan. Clear objectives will guide your decisions and strategies, ensuring you stay on track. Here are four key areas to focus on: Mission Statement: Craft a concise statement that reflects your franchise’s purpose and values. Target Market: Identify who your customers are, comprehending their needs and preferences to tailor your offerings. Competitive Analysis: Analyze your competitors to determine what sets your franchise apart and how you can leverage that advantage. Operational Goals: Set specific, measurable goals related to efficiency, customer service, and growth to track your progress effectively. Outline Financial Projections A solid financial projections section is vital for your franchise business plan, as it outlines the anticipated costs and revenue streams necessary for your franchise’s success. Start by detailing the initial investment breakdown, including franchise fees, equipment costs, and other startup expenses, typically ranging from $50,000 to $100,000. Include revenue projections based on expected customer traffic and sales, drawing from market analysis and historical data. A cash flow statement is fundamental to show money movement, helping you track periods of surplus or deficit. Conduct a break-even analysis to determine when total revenues will equal total costs, usually within 2-3 years. Finally, specify your funding requirements, including total capital needed and potential financing sources, to guarantee adequate financial backing. Identify Target Market How can you effectively identify your target market for a franchise? Start by conducting a thorough market analysis to understand the industry trends and your competitors. This will help you pinpoint your ideal customer base. Next, focus on defining your unique selling proposition (USP) to differentiate your franchise from others in the same sector. Here are four key steps to reflect on: Utilize federal and state data to assess demand and sustainability in your local market. Create detailed customer profiles that highlight demographics, preferences, and buying behaviors. Tailor your marketing and operational strategies based on these insights. Continuously review and adapt your analysis as your franchise grows to maintain relevance and competitiveness. Secure Funding for Your Franchise Securing funding for your franchise is a critical step that can greatly impact your business’s success. Start by preparing a thorough business plan that outlines your start-up costs, expected revenues, and a break-even analysis. This plan is crucial when presenting to potential lenders or investors. Typically, the initial investment for a franchise ranges from $50,000 to $100,000, so grasping these expenses is crucial. Explore various financing options, such as Small Business Administration (SBA) loans, or Home Equity Lines of Credit (HELOC) to determine what fits your financial situation best. Additionally, maintain cash reserves for initial operating expenses, as many franchises may take 2-3 years to reach profitability. Be ready to provide personal and financial background information during the application process. Understand Legal Requirements and Agreements After securing funding for your franchise, comprehending the legal requirements and agreements is the next pivotal step in the process. You need to understand several key components: Franchise Disclosure Document (FDD): This legally mandated document contains 23 required disclosure items, informing you about fees and obligations. It must be provided at least 14 days before signing any agreements. Compliance with Laws: Both federal and state franchise laws must be observed, including proper registration of the FDD in certain states. Franchise Agreement: This outlines the legal relationship between you and the franchisor, detailing important terms like fees and operational requirements. Legal Assistance: It’s critical to consult a licensed franchise attorney to guarantee compliance and proper preparation of documents. Choose a Suitable Location for Your Franchise Choosing a suitable location for your franchise is crucial, as it directly impacts your business’s success. Start by analyzing traffic patterns and demographics in potential areas; this guarantees a steady flow of customers aligned with your target market. Evaluate the proximity of complementary businesses, as they can improve customer acquisition and boost foot traffic. Be sure to understand the territory parameters outlined in the Franchise Disclosure Document (FDD), avoiding overlap with existing locations. Don’t hesitate to seek assistance from your franchisor; they often have valuable insights and specific criteria for successful locations. Finally, always obtain franchisor approval for your chosen site to guarantee compliance with brand standards and operational strategies, setting you up for success right from the start. Hire Staff and Implement Training Programs Hiring the right staff and implementing effective training programs are vital steps in establishing a successful franchise. To guarantee your franchise runs smoothly, follow these guidelines: Assess Staffing Needs: Determine the specific skills and experience required for your franchise type to build a capable team. Utilize Franchisor Training: Leverage training programs offered by the franchisor, which usually include both classroom and practical training to prepare your staff for daily operations. Distribute Operations Manual: Provide a thorough operations manual during training to outline procedures, standards, and expectations, guaranteeing brand consistency. Commit to Ongoing Training: Plan for continuous training and development initiatives to improve staff performance and adapt to any changes in operational practices or franchise standards. Frequently Asked Questions What Are the 4 P’s of Franchising? The 4 P’s of franchising are Product, Process, People, and Profit. The Product guarantees you offer a consistent, high-quality experience across all locations. The Process establishes standardized systems that streamline operations and marketing. People focus on assembling a skilled team and providing effective training for franchisees. Finally, Profit involves creating a financial model that balances costs and pricing strategies, guaranteeing profitability for both you and your franchisees during maintaining brand integrity. What Is the 7 Day Rule for Franchise? The 7-Day Rule requires franchisors to provide you with all relevant contracts and documents at least seven days before you sign or make any payments. This rule, established by the FTC, guarantees you have enough time to review crucial information about the franchise opportunity. It complements the 14-day requirement for the Franchise Disclosure Document (FDD), promoting transparency and informed decision-making, during protecting you from potential financial missteps or misleading disclosures. Why Is It Only $10,000 to Open a Chick-Fil-A? Chick-Fil-A‘s franchise fee is only $10,000 since the company retains ownership of the restaurant location. This unique business model reduces financial burdens on franchisees. Nevertheless, you still need a net worth of at least $1 million and $250,000 in liquid assets to guarantee you’re financially stable. In spite of the low fee, Chick-Fil-A franchises generate high average annual sales, allowing for quicker returns on investment owing to their strong training and ongoing support. How Much Money Do I Need to Start a Franchise? To start a franchise, you’ll typically need between $50,000 and $100,000. This amount covers franchise fees, equipment, inventory, and construction costs. Franchise fees can range from $10,000 to over $50,000, with ongoing royalties of 4-8% on revenues. Moreover, consider legal fees for the Franchise Disclosure Document, which may add $18,000 to $45,000. It’s vital to have cash reserves for operating expenses, as profitability often takes 2-3 years to achieve. Conclusion Starting a franchise is a structured process that requires careful planning and execution. By evaluating your business readiness, conducting market research, and developing vital documents like the Franchise Disclosure Document, you lay a solid foundation. Securing funding, comprehending legal requirements, and choosing the right location are critical steps, as is hiring staff and implementing effective training programs. With a clear focus on marketing strategies, you can improve brand visibility and attract customers, ultimately resulting in a successful franchise operation. Image via Google Gemini This article, "How to Start a Franchise – A Step-by-Step Guide" was first published on Small Business Trends View the full article

Starting a franchise can be a rewarding venture, but it requires careful planning and execution. First, you’ll need to evaluate your business readiness, ensuring your operational systems and profitability align with franchising standards. Next, conduct thorough market research to identify your target audience. From there, you’ll develop a Franchise Disclosure Document (FDD) and a solid business plan. Comprehending legal requirements and selecting a location are equally essential steps. With these foundations in place, you can move forward effectively. What comes next? Key Takeaways Assess your business’s profitability and operational systems to ensure they are replicable for franchise success. Conduct thorough market research to identify demand and competitive landscape for your franchise opportunity. Develop a comprehensive Franchise Disclosure Document (FDD) that complies with legal requirements and includes necessary disclosure items. Create a detailed franchise business plan outlining financial projections, funding needs, and marketing strategies to attract potential franchisees. Hire and train staff using franchisor resources while implementing effective marketing strategies to boost brand visibility and customer engagement. Evaluate Your Business Readiness for Franchising Before plunging into the domain of franchising, it’s vital to assess your business readiness to guarantee long-term success. Start by evaluating your business’s profitability and operational systems to see if they can be replicated by franchisees. A strong foundation is fundamental. Next, look at market demand and the competitive environment; sufficient interest is significant for growth when learning how to start a franchise restaurant. You’ll additionally need to reflect on your willingness to share control and profits, as franchising involves adhering to a standardized model. Analyze your own readiness, including your ability to support and train franchisees during the maintenance of brand reputation. Finally, calculate the financial implications, as developing a Franchise Disclosure Document can range from $15,000 to $100,000. Conduct Thorough Market Research Conducting thorough market research is essential for anyone looking to start a franchise, as it helps you grasp local industry demand and competition when identifying viable business opportunities. Start by analyzing federal and state data sources, such as the U.S. Census Bureau and the Bureau of Labor Statistics, to gather relevant demographic information and economic trends. As you explore franchise options, review the Franchise Disclosure Document (FDD) for insights into the franchisor’s historical performance and growth potential. Engaging with existing franchisees can provide valuable firsthand knowledge about market conditions and customer preferences. Finally, assess the territory parameters outlined in the FDD, as comprehending exclusivity and market saturation can notably impact your franchise’s profitability. Develop Your Franchise Disclosure Document (FDD) To develop your Franchise Disclosure Document (FDD), you’ll need to include vital disclosure items that outline fees, obligations, and the franchise agreement. It’s imperative to meet compliance requirements, as each state has specific laws you must follow to operate legally. Furthermore, keep in mind that the FDD must be updated annually and prepared well in advance of any agreements, so planning ahead is key. Essential Disclosure Items A significant step in starting a franchise is developing your Franchise Disclosure Document (FDD), which must include 23 specific disclosure items. These items provide prospective franchisees with important information about fees, obligations, and the franchise system’s history. You need to deliver the FDD to potential franchisees at least 14 days before they sign any agreements or make payments, ensuring they’ve ample time to review it. Furthermore, franchise registration states have unique requirements for the FDD, often needing state-specific addendums and modifications. It’s important to keep the FDD updated to reflect any changes in the franchise system. Finally, consider seeking legal assistance to navigate complex franchise laws and avoid potential penalties from mistakes in the document. Compliance Requirements When you’re preparing to launch a franchise, comprehending compliance requirements is vital, especially regarding the Franchise Disclosure Document (FDD). The FDD is a legal requirement consisting of 23 disclosure items that provide prospective franchisees with important information about fees, obligations, and the franchise agreement. You must disclose the FDD to potential franchisees at least 14 days before they sign any agreements or make payments, allowing them time to review it. Furthermore, annual updates are necessary to maintain compliance, in addition to state registrations that may require specific addendums. Legal assistance is significant when preparing the FDD to guarantee compliance with federal and state franchise laws, helping you avoid potential legal issues in the future. Update and Registration Process Comprehending the update and registration process for your Franchise Disclosure Document (FDD) is crucial for guaranteeing ongoing compliance and transparency in your franchise operation. To effectively manage your FDD, consider these key steps: Annual Updates: Update the FDD yearly to reflect any changes in your franchise system, financial conditions, or legal obligations. Disclosure Timing: Provide the FDD to prospective franchisees at least 14 days before they sign any agreements or make payments. Multi-State Compliance: Confirm your FDD includes necessary addendums to meet regulations in different states, which may require legal assistance. State Registration: Be aware that 14 states, including California and New York, mandate FDD registration, each with unique requirements and fees. Create a Franchise Business Plan Creating a franchise business plan is essential for laying out your goals and strategies. You’ll need to define your business objectives clearly, outline your financial projections, and identify your target market to guarantee you’re on the right track. This structured approach not just guides your operations but likewise appeals to potential investors looking for a solid foundation. Define Business Objectives Defining your business objectives is a critical step in developing a successful franchise business plan. Clear objectives will guide your decisions and strategies, ensuring you stay on track. Here are four key areas to focus on: Mission Statement: Craft a concise statement that reflects your franchise’s purpose and values. Target Market: Identify who your customers are, comprehending their needs and preferences to tailor your offerings. Competitive Analysis: Analyze your competitors to determine what sets your franchise apart and how you can leverage that advantage. Operational Goals: Set specific, measurable goals related to efficiency, customer service, and growth to track your progress effectively. Outline Financial Projections A solid financial projections section is vital for your franchise business plan, as it outlines the anticipated costs and revenue streams necessary for your franchise’s success. Start by detailing the initial investment breakdown, including franchise fees, equipment costs, and other startup expenses, typically ranging from $50,000 to $100,000. Include revenue projections based on expected customer traffic and sales, drawing from market analysis and historical data. A cash flow statement is fundamental to show money movement, helping you track periods of surplus or deficit. Conduct a break-even analysis to determine when total revenues will equal total costs, usually within 2-3 years. Finally, specify your funding requirements, including total capital needed and potential financing sources, to guarantee adequate financial backing. Identify Target Market How can you effectively identify your target market for a franchise? Start by conducting a thorough market analysis to understand the industry trends and your competitors. This will help you pinpoint your ideal customer base. Next, focus on defining your unique selling proposition (USP) to differentiate your franchise from others in the same sector. Here are four key steps to reflect on: Utilize federal and state data to assess demand and sustainability in your local market. Create detailed customer profiles that highlight demographics, preferences, and buying behaviors. Tailor your marketing and operational strategies based on these insights. Continuously review and adapt your analysis as your franchise grows to maintain relevance and competitiveness. Secure Funding for Your Franchise Securing funding for your franchise is a critical step that can greatly impact your business’s success. Start by preparing a thorough business plan that outlines your start-up costs, expected revenues, and a break-even analysis. This plan is crucial when presenting to potential lenders or investors. Typically, the initial investment for a franchise ranges from $50,000 to $100,000, so grasping these expenses is crucial. Explore various financing options, such as Small Business Administration (SBA) loans, or Home Equity Lines of Credit (HELOC) to determine what fits your financial situation best. Additionally, maintain cash reserves for initial operating expenses, as many franchises may take 2-3 years to reach profitability. Be ready to provide personal and financial background information during the application process. Understand Legal Requirements and Agreements After securing funding for your franchise, comprehending the legal requirements and agreements is the next pivotal step in the process. You need to understand several key components: Franchise Disclosure Document (FDD): This legally mandated document contains 23 required disclosure items, informing you about fees and obligations. It must be provided at least 14 days before signing any agreements. Compliance with Laws: Both federal and state franchise laws must be observed, including proper registration of the FDD in certain states. Franchise Agreement: This outlines the legal relationship between you and the franchisor, detailing important terms like fees and operational requirements. Legal Assistance: It’s critical to consult a licensed franchise attorney to guarantee compliance and proper preparation of documents. Choose a Suitable Location for Your Franchise Choosing a suitable location for your franchise is crucial, as it directly impacts your business’s success. Start by analyzing traffic patterns and demographics in potential areas; this guarantees a steady flow of customers aligned with your target market. Evaluate the proximity of complementary businesses, as they can improve customer acquisition and boost foot traffic. Be sure to understand the territory parameters outlined in the Franchise Disclosure Document (FDD), avoiding overlap with existing locations. Don’t hesitate to seek assistance from your franchisor; they often have valuable insights and specific criteria for successful locations. Finally, always obtain franchisor approval for your chosen site to guarantee compliance with brand standards and operational strategies, setting you up for success right from the start. Hire Staff and Implement Training Programs Hiring the right staff and implementing effective training programs are vital steps in establishing a successful franchise. To guarantee your franchise runs smoothly, follow these guidelines: Assess Staffing Needs: Determine the specific skills and experience required for your franchise type to build a capable team. Utilize Franchisor Training: Leverage training programs offered by the franchisor, which usually include both classroom and practical training to prepare your staff for daily operations. Distribute Operations Manual: Provide a thorough operations manual during training to outline procedures, standards, and expectations, guaranteeing brand consistency. Commit to Ongoing Training: Plan for continuous training and development initiatives to improve staff performance and adapt to any changes in operational practices or franchise standards. Frequently Asked Questions What Are the 4 P’s of Franchising? The 4 P’s of franchising are Product, Process, People, and Profit. The Product guarantees you offer a consistent, high-quality experience across all locations. The Process establishes standardized systems that streamline operations and marketing. People focus on assembling a skilled team and providing effective training for franchisees. Finally, Profit involves creating a financial model that balances costs and pricing strategies, guaranteeing profitability for both you and your franchisees during maintaining brand integrity. What Is the 7 Day Rule for Franchise? The 7-Day Rule requires franchisors to provide you with all relevant contracts and documents at least seven days before you sign or make any payments. This rule, established by the FTC, guarantees you have enough time to review crucial information about the franchise opportunity. It complements the 14-day requirement for the Franchise Disclosure Document (FDD), promoting transparency and informed decision-making, during protecting you from potential financial missteps or misleading disclosures. Why Is It Only $10,000 to Open a Chick-Fil-A? Chick-Fil-A‘s franchise fee is only $10,000 since the company retains ownership of the restaurant location. This unique business model reduces financial burdens on franchisees. Nevertheless, you still need a net worth of at least $1 million and $250,000 in liquid assets to guarantee you’re financially stable. In spite of the low fee, Chick-Fil-A franchises generate high average annual sales, allowing for quicker returns on investment owing to their strong training and ongoing support. How Much Money Do I Need to Start a Franchise? To start a franchise, you’ll typically need between $50,000 and $100,000. This amount covers franchise fees, equipment, inventory, and construction costs. Franchise fees can range from $10,000 to over $50,000, with ongoing royalties of 4-8% on revenues. Moreover, consider legal fees for the Franchise Disclosure Document, which may add $18,000 to $45,000. It’s vital to have cash reserves for operating expenses, as profitability often takes 2-3 years to achieve. Conclusion Starting a franchise is a structured process that requires careful planning and execution. By evaluating your business readiness, conducting market research, and developing vital documents like the Franchise Disclosure Document, you lay a solid foundation. Securing funding, comprehending legal requirements, and choosing the right location are critical steps, as is hiring staff and implementing effective training programs. With a clear focus on marketing strategies, you can improve brand visibility and attract customers, ultimately resulting in a successful franchise operation. Image via Google Gemini This article, "How to Start a Franchise – A Step-by-Step Guide" was first published on Small Business Trends View the full article

The HomePod is one of the most polarizing Apple devices I've ever owned. When it works, it's awesome, but if anything goes wrong, it can be a bit of a head-scratcher to troubleshoot. That's led to a bit of a mixed reception among Apple fans, but I've been buying HomePods since 2017, and know all the hacks to help make them easier or better to use. Some of these hacks are geared towards trouble-free usage, but others highlight hidden features. Let's dive right in. Ensure that the HomePod has a solid wifi connectionIn all my experience with HomePods, I've observed that the product just works a lot better when it's in a place with a strong wifi signal. For a few months, I'd kept the HomePod in a bedroom where my wifi was a bit flaky, and the speaker did not perform well at all. Since it uses either the internet or AirPlay to play sound, it needs a strong wifi signal. If your house has a single router, you may have better luck connecting your HomePod to the 2.4GHz band as opposed to the 5GHz option, which has a shorter range. You can check which network your HomePod is connected to by going to the Home app on your iPhone, selecting your HomePod, and going to Accessory Settings. The smart speaker automatically connects to the same network that your iPhone or iPad is connected to. You can switch the wifi network on your iOS device to change the connected wifi on the HomePod. The HomePod's rock solid when paired with an Apple TVSince we're talking about increasing the reliability of your HomePod, you'll find that pairing it with your Apple TV will make it far less flaky. This is not to say that you should go out and buy an Apple TV just to make your HomePod work better, but if you do have the streaming device, you should consider pairing it with your HomePod for the best results. I've used my HomePods with my iPhone, Mac, iPad, and even my Apple Watch, and I can tell you that the experience is just not the same as when using the speaker with an Apple TV. For starters, the Apple TV can use a HomePod as a default output, which means that you don't have to fiddle with software buttons or use Siri to operate the speaker. You just switch on your Apple TV, play anything you like, and the HomePod will just work. That may sound like a minor benefit, but it's really not. I don't have many good things to say about the HomePod's software and reliability, and it's only been 100% solid when I've used it with an Apple TV. Stereo sound enhances the HomePod immenselyI don't usually tell people to spend more money to make the most of a product, but in the case of Apple's HomePods, two speakers are a lot better than just one. If you have the bigger HomePod, you'll probably be fine with just one of those, but that's not true for those of us who have opted for a HomePod mini. Using two HomePod minis in a stereo pair is a much better experience, taking what can be underwhelming audio and letting it play with the big boys. And that goes double if you followed through on that last hack. If you have an Apple TV, you're going to be really impressed when connecting it to two HomePods in a stereo pair. It makes watching movies so much better. Route audio from any device to your HomePod Credit: Apple HDMI ARC is one of the least-known features of the HomePod, but once you try it, there's no going back. In a nutshell, it lets you use the HomePod as a speaker for your PS5, Xbox, or any other device connected to your TV. It requires a pretty specific combination of hardware to work, and even after having that in place, you may have to troubleshoot it a bit to get it working correctly. This is because there are at least four different devices made by different manufacturers involved here. Sometimes you might need to manually enable ARC, eARC, or HDMI-CEC in your TV's settings, which usually does the trick. This Apple Support page highlights everything you need to make this feature work, which boils down to having an Apple TV 4K (second-gen or newer), a HomePod or a HomePod mini, and a TV that supports HDMI ARC or eARC (usually, TV manufacturers label the HDMI ports to indicate support for these technologies). You'll have to enable this feature on your Apple TV first, and once you do that, the HomePod should play sound from other devices connected to your TV. Note that you need to add the Apple TV and the HomePod to the same "room" in the Home app on your iPhone to make this feature work. The good news is that this setup is a one-time headache, and once it's done, it works without much trouble. You can chain multiple HomePods together for multi-room audioIf you have more than one HomePod of the same type, you can and should try using them for multi-room audio. Three HomePods (or HomePod Minis) are good enough to cover an apartment of around 1000 sqft, and you can use them to have music playing in every room as you go about your day. If you have a Mac, you could also get the excellent SoundSource app to test how much you like multi-room audio without having to buy multiple HomePods first, too. SoundSource lets you send audio to multiple devices at once, which means that you can play the same audio file on generic Bluetooth speakers, HomePods, AirPods, and any other audio devices connected to your Mac, at the same time. You can use this to get a feel for how multi-room audio sounds, and if you like the experience, you can use multiple HomePods to have the same experience with minimal latency. Your HomePod is also an intercomYou can use your HomePod to send voice messages to other people in your house. For instance, you can send the following command to Siri: "Intercom, it's time for dinner." This will send your dinner reminder message to all HomePods in the house. Others can use Siri to reply to you as well, making it an effective alternative to sending texts. You can access the intercom function by opening the Home app on your iPhone, holding down the HomePod icon, and selecting Accessory Settings > Intercom. It also works with Siri on your iPhone, so you can send an intercom message to a HomePod even when it's not nearby. The HomePod can be a smart home hubApple's HomeKit smart home platform may not be as popular as its competition, but there are some good HomeKit-compatible smart home accessories out there. If you find the right products, you can use the HomePod to control your entire house. This includes lights, doors, cameras, and many other types of smart home gadgets. Of course, all of these features are heavily dependent on Siri, which means that you'll occasionally have to repeat your commands or deal with the wrong gadget being switched on or off. Although Siri can be frustrating to deal with, HomeKit is the best option for people who want a privacy-focused smart home platform. Apple tries its best to minimize data sent to external servers and encrypts security footage, which is different from the approach many competing platforms have chosen. Find the right place for your HomePod Credit: Apple In my experience, it's worth it to take some time to figure out the best place to put your HomePod, particularly for the best stereo output. Apple recommends placing your HomePod up to 10 inches away from a wall, but in my experience, it works best if it's about 6-10 inches from walls. For the best stereo experience, you should place your two HomePods on either side of your TV, not more than 4 feet from each other. If you have expensive wood furniture, be sure to check if it's safe to place the HomePod on those surfaces. Sometimes, HomePods can leave a mark on wooden surfaces, so you can consider using a cork trivet to protect the surface. Keep your Siri data away from AppleIf you've previously enabled sharing analytics data with Apple, your HomePod could be sending audio of your Siri interactions to Apple's servers. You should review this and disable the feature if you don't want to share this data. Open the Home app on your iPhone, hold the HomePod icon, and go to Accessory Settings. Now, go to Analytics & Improvements and disable all options on this page. On the Accessory Settings page, you can also go to Siri History and select Delete Siri History to clear out previously stored data. Automation routines are incredibly fun to useThe HomePod also supports automation routines, and you can use these to do lots of fun things. For about a year, I'd set up my HomePod to play calming music in the mornings and some jazz at sunset. You can set these up in Apple's Shortcuts app. Go to the Automation section, tap the + button, and select Create Home Automation. This is where you can set up your favorite automation routines. The HomePod supports executing actions when you reach or leave your home, at a specific time of the day, when accessories are connected, or when a sensor detects something (eg: motion). View the full article

Resolving conflict in a team requires a systematic approach that emphasizes active listening and clear communication. Start by establishing a safe space where team members can share their views openly. Focus on the issues at hand rather than personal feelings, making sure that all voices are heard. By prioritizing the most pressing concerns and documenting agreements, you can create a pathway for resolution. Nevertheless, the process doesn’t end there; follow-up is vital to guarantee lasting harmony. Key Takeaways Foster a culture of active listening and empathy to understand differing perspectives and validate feelings during conflicts. Create a neutral and safe environment for discussions, encouraging open communication and reducing anxiety among team members. Utilize a structured approach to conflict resolution, outlining steps, documenting agreements, and prioritizing issues based on severity. Schedule follow-up meetings to ensure solutions are effective and address any lingering concerns among team members. Provide conflict resolution training for managers to equip them with skills necessary for managing disputes effectively and confidently. Understanding Workplace Conflict Grasping workplace conflict is essential for maintaining a productive team environment, especially since conflicts often arise from differing interests, opinions, and beliefs among team members. To effectively handle a team, you need to recognize that misunderstandings often stem from poor communication. For example, misinterpretations can escalate tensions and lead to inefficiencies. Furthermore, diverse personalities and working styles may create friction, underscoring the importance of managing these differences. When addressing conflicts, consider the perceptions of discrimination or harassment that can exacerbate issues. Recognizing how to resolve conflict in a team involves nurturing an inclusive and respectful culture, ensuring that all voices are heard, and addressing concerns swiftly, which can prevent a significant percentage of employees from leaving as a result of unresolved issues. Importance of Active Listening Active listening plays a crucial role in comprehending different perspectives during conflict resolution. When you actively listen, you not just show respect for others’ viewpoints, but you as well build trust within the team, which is fundamental for collaboration. Enhances Understanding Perspectives Comprehending different perspectives within a team is vital for effective collaboration, especially when conflicts arise. Active listening plays a key role in this process, as it helps you grasp your teammates’ feelings and viewpoints, reducing misunderstandings. Research shows that teams practicing effective listening experience a 25% boost in overall performance since members feel heard and valued. By paraphrasing and asking clarifying questions during discussions, you can show engagement and validate others’ feelings, creating a supportive environment. This culture of openness encourages everyone to express thoughts freely, greatly lowering the chances of unresolved conflicts. Furthermore, teams that engage in active listening are 30% more likely to resolve conflicts constructively, nurturing stronger relationships within the group. Builds Trust and Respect Trust and respect are foundational elements in any effective team dynamic, and cultivating these qualities can be greatly improved through the practice of active listening. By actively listening, you show team members that their perspectives are valued, which improves collaboration. Here are key benefits of active listening: Increased Goal Achievement: Teams practicing active listening are 26% more likely to meet their goals. Clearer Communication: It reduces misunderstandings by encouraging open dialogue. Validated Feelings: Summarizing and reflecting on shared thoughts encourages expression and resolution. Improved Satisfaction: Teams that engage in active listening during conflicts report a 35% increase in relationship satisfaction. Incorporating these techniques promotes a harmonious work environment and supports effective conflict resolution. Creating a Safe Space for Dialogue Creating a safe space for dialogue is essential for effective conflict resolution within a team. By using neutral meeting environments, like quiet rooms or private virtual calls, you can help guarantee conversations remain respectful and focused. Furthermore, encouraging uninterrupted sharing allows everyone to express their thoughts fully, which promotes comprehension and reduces defensiveness among team members. Neutral Meeting Environment How can a neutral meeting environment facilitate productive dialogue during conflict resolution? A neutral setting, like a quiet meeting room or a private Zoom call, reduces anxiety and promotes respectful communication. Here are four key benefits: Clear Communication Goals: Establish goals for the meeting to help participants feel secure and encourage open sharing. Time for Expression: Allow uninterrupted time for each party to present their views, easing defensiveness and nurturing constructive conversations. Minimized Influence Dynamics: Neutral environments encourage contributions from all team members, leading to balanced outcomes. Enhanced Trust: Creating a safe space for dialogue builds trust, enabling more effective collaboration and conflict resolution. Encourage Uninterrupted Sharing Encouraging uninterrupted sharing during discussions promotes a safe space for dialogue, allowing team members to voice their thoughts and feelings without interruption. To create this environment, select neutral settings, such as quiet meeting rooms or private virtual calls, which can help reduce defensiveness. Clearly communicate the meeting’s goal upfront, so participants grasp the purpose of the dialogue and feel more inclined to engage honestly. Implement a structured format, such as taking turns speaking without interruptions, ensuring all voices are heard. Establish ground rules for respectful communication and active listening, nurturing an atmosphere where individuals feel safe to express concerns without fear of retribution. This approach considerably improves comprehension and contributes to effective conflict resolution. Focusing on Issues, Not Personalities When conflicts arise within a team, it’s essential to concentrate on the specific issues at hand rather than the personalities involved. Focusing on behaviors and events can lead to more productive discussions. Here are some strategies to help you stay on track: Use phrases like “When this happens” instead of “When you do” to encourage constructive dialogue. Keep conversations centered on problems, minimizing defensiveness and promoting solutions. Avoid emotional language and personal attacks, as they escalate tensions. Clearly describe specific instances of concern rather than generalizing, allowing for focused conversations. The Role of Empathy in Conflict Resolution Empathy is essential in conflict resolution, as it enables team members to genuinely comprehend one another’s viewpoints and experiences. By nurturing empathy, you can reduce defensiveness and encourage open dialogue. When you actively listen and validate a colleague’s feelings, it greatly de-escalates tension, paving the way for more productive discussions. Research indicates that teams demonstrating high levels of empathy collaborate more effectively and address conflicts constructively, improving overall performance. Empathetic leaders who embody comprehension and compassion inspire similar behaviors within their teams, promoting a culture focused on relationship-building rather than blame. Organizations prioritizing empathy in conflict resolution report 25% higher employee satisfaction and retention rates, highlighting the significance of empathetic approaches in maintaining healthy workplace dynamics. Identifying Points of Agreement and Disagreement Identifying points of agreement and disagreement is crucial in maneuvering team conflicts effectively. You should focus on these key steps: Summarize areas of agreement and disagreement, stating what both parties concur on and where their views diverge. Confirm the accuracy of your assessment with the other party, allowing for modifications based on their feedback. Document points of agreement for future reference, which helps maintain clarity and accountability. Focus on common goals during discussions, as this can encourage collaboration and unity among team members. Developing a Conflict Resolution Plan Developing a conflict resolution plan is essential for addressing team disputes effectively, as it provides a structured approach to finding solutions. Start by outlining specific steps and strategies that everyone agrees upon, ensuring clarity and accountability. Document points of agreement and disagreement during discussions to create a clear reference for future interactions. As you prioritize conflicts, focus on the most important issues to address urgent concerns first. Schedule follow-up meetings to assess progress, maintaining open lines of communication throughout the process. This reinforces your commitment to resolving conflicts collaboratively. Emphasizing a collaborative attitude cultivates an environment where all parties feel heard and valued, ultimately leading to stronger team cohesion and improved relationships moving forward. Prioritizing Issues for Resolution When you’re faced with conflicts, it’s essential to assess their severity levels to determine which issues need immediate attention. Start by identifying key concerns that directly impact team dynamics and project goals, ensuring that you tackle the most significant problems first. This structured approach not just keeps your team focused but likewise aligns everyone with shared objectives, promoting a collaborative spirit in conflict resolution. Assess Conflict Severity Levels To effectively address conflicts within a team, it’s essential to assess their severity levels, which helps you prioritize issues that require immediate attention. Comprehending the severity can prevent emotional buildup and promote a culture of openness. Here are four levels to evaluate: Low Severity: Minor disagreements that can be resolved easily without significant impact on productivity. Moderate Severity: Conflicts that may affect team dynamics but don’t disrupt overall performance. High Severity: Significant disputes leading to emotional distress, requiring immediate intervention. Critical Severity: Conflicts that threaten team cohesion, requiring urgent resolution to prevent turnover or loss of morale. Identify Key Concerns First After evaluating the severity levels of conflicts within your team, the next step is identifying key concerns that need to be addressed. By pinpointing these issues, you can clarify the root causes of conflict, minimizing misunderstandings. Prioritizing the most critical problems guarantees your efforts focus on areas that greatly impact team dynamics and productivity. Engaging in open dialogue cultivates a collaborative environment, making everyone feel valued and enhancing trust. Documenting key concerns helps track progress and maintains transparency. Addressing pressing issues first can prevent emotional buildup and reduce further conflict, demonstrating a proactive approach. Key Concern Priority Level Communication Issues High Role Ambiguity Medium Task Overload High Resource Limitations Low Align With Team Goals Aligning conflicts with team goals is vital for effective resolution, as it helps shift the focus from personal disagreements to shared objectives. To prioritize issues for resolution, consider the following steps: Identify Common Objectives: Encourage team members to articulate shared goals, which can help minimize personal grievances. Assess Impact on Performance: Determine which issues directly affect team productivity and address those first to reduce disruptions. Encourage Open Communication: Promote discussions that center on how individual contributions align with team success. Conduct Regular Check-Ins: Schedule updates on team objectives to guarantee everyone is aligned and aware of their roles. Following Up After Conflict Resolution Effective follow-up after conflict resolution is essential for ensuring that the solutions agreed upon truly take root within the team. Single conversations often leave underlying issues unaddressed, so checking in a few days later helps you assess the effectiveness of the solutions and address any new concerns. Regular follow-up promotes accountability among team members and underscores that conflict resolution is an ongoing process, not just a one-time event. As a leader, your commitment to follow-up demonstrates dedication to a healthy work environment, enhancing trust and improving team dynamics. A proactive approach can prevent the re-emergence of issues by encouraging dialogue and allowing your team to reflect on lessons learned and necessary changes moving forward. Training Managers in Conflict Resolution Skills Training managers in conflict resolution skills is fundamental for cultivating a harmonious and productive work environment. By equipping them with key abilities, such as active listening and empathy, you can effectively address team disputes. Consider these four significant benefits of investing in conflict resolution training: Reduced Workplace Disputes: Organizations can experience a 25% increase in team productivity when managers are trained. Real-Life Preparedness: Role-playing scenarios and conversation frameworks help managers handle conflicts confidently. Staying Updated: Regular refreshers guarantee managers are informed about evolving workplace dynamics. Enhanced Team Morale: Skilled managers lead to a 30% decrease in employee turnover rates, promoting a stable team atmosphere. Ultimately, effective training is imperative for successful conflict management. Turning Conflict Into an Opportunity for Growth Conflict in a team setting doesn’t always have to lead to negative outcomes; instead, it can serve as a catalyst for growth and improvement. When managed properly, conflict encourages diverse perspectives and nurtures open dialogue, which can spark creativity and innovation. By viewing conflict as an opportunity for improvement, you help create a positive workplace culture that strengthens team cohesion and boosts performance. Reflecting on conflicts allows you to uncover hidden frustrations and blind spots, paving the way for proactive changes that increase collaboration. Furthermore, effective conflict resolution transforms challenges into growth opportunities, building your team’s resilience and adaptability for future issues. Embracing conflict as a chance for growth guarantees your team continuously evolves and strengthens its dynamics over time. Frequently Asked Questions How Do You Resolve Conflict on Your Team? To resolve conflict on your team, start by arranging a face-to-face meeting in a neutral space. Use active listening techniques, like rephrasing and asking clarifying questions, to guarantee everyone feels heard. Address specific behaviors instead of personal attributes to keep discussions constructive. Clearly identify points of agreement and disagreement, leading to a collaborative action plan. Finally, schedule follow-up meetings to maintain accountability and monitor adherence to agreements made during the initial discussion. How Do You Resolve a Conflict Interview Question? When addressing conflict in an interview, use the STAR method to structure your answer. Start by outlining the Situation, then describe your Task in that scenario. Next, detail the Actions you took, such as employing active listening, clarifying concerns, and maintaining objectivity. Finally, highlight the Result, showing how you cultivated collaboration and trust. It’s essential to mention any follow-up actions that reinforced relationships and guaranteed ongoing communication for a positive work environment. What Are the 5 C’s of Conflict Resolution? The 5 C’s of conflict resolution are essential for effective communication and problem-solving. First, clear communication guarantees you express thoughts without misunderstandings. Collaboration encourages teamwork to find solutions. Consideration involves acknowledging differing viewpoints, which improves comprehension. Compromise asks you to give up something for mutual benefit, balancing goals and relationships. Finally, commitment to follow-up reinforces accountability, guaranteeing resolutions stick and new issues are addressed swiftly, nurturing trust within your team. What Are the Five Steps in Resolving Conflict in a Team? To resolve conflict in a team, you should follow five key steps. First, identify the source of the conflict by analyzing communication breakdowns or differing objectives. Next, understand each party’s perspective to cultivate empathy and clarify misconceptions. Then, collaboratively explore potential solutions through brainstorming. Once you agree on a resolution, implement it effectively. Finally, follow up to assess the solution’s impact and guarantee accountability, maintaining a positive team dynamic for the future. Conclusion Resolving conflict in a team requires a structured approach that emphasizes active listening and empathy. By creating a safe space for dialogue and focusing on issues rather than personalities, you promote a collaborative environment. Prioritizing concerns, documenting agreements, and scheduling follow-ups guarantee clarity and accountability. Furthermore, training managers in conflict resolution improves team dynamics. Ultimately, viewing conflict as an opportunity for growth can lead to improved collaboration and productivity, benefiting the entire team. Image via Google Gemini This article, "How Do You Resolve Conflict in a Team?" was first published on Small Business Trends View the full article