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How to Accept Credit Cards at Your Small Business

Strategy Driven

If you only accept cash payments, you’ve got to get that cash to the bank somehow and keep it in your store throughout the day. If someone breaks in or tries to take your cash when you’re on your way to the bank, you could end up losing a small fortune. That means you’re opening yourself up to a lot more risk.

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Use Data to Fix the Small Business Lending Gap

Harvard Business Review

In the past, a community bank would have a relationship with the businesses on Main Street, and when it came time for a loan, there would be a wealth of informal information to augment the loan application. And they are allowing new sources of capital such as peer-to-peer lending to replace traditional bank capital.

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article thumbnail

Use Data to Fix the Small Business Lending Gap

Harvard Business Review

In the past, a community bank would have a relationship with the businesses on Main Street, and when it came time for a loan, there would be a wealth of informal information to augment the loan application. And they are allowing new sources of capital such as peer-to-peer lending to replace traditional bank capital.

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Businesses Are Getting Used to the Consistently Inconsistent Economy

Harvard Business Review

On one hand, there are wars, terror, market crashes, bailouts, budget crises, cliffs, and sequesters. This is part of the reason that the stock market, which used to move a fraction of a percent each day, now shifts in record swings with increasing volume. The brain normalizes the abuse. The actual response: nothing.