Monthly Archives: August 2022

Founder Finances: A comprehensive guide to creating a budget for your business

BI Graphics Alyssa Powell/Insider Welcome to “Founder Finances,” a new Insider series that explains entrepreneurs’ monthly budgets. Insider shares the exact budgets founders use to scale, market themselves, and build community. Owners of bakeries, dog daycares, and loungewear lines share exactly how much they spend each month. This article is part of Talent Insider, a…

China’s new ‘air train’ runs using an overhead magnetic track, never touching it as it glides through the air 30 feet above the ground — see photos

Photo by VCG/VCG via Getty Images A new train in China is said to be the world’s first suspended maglev train system that uses permanent magnets. In other words, it can operate without power, gliding through the air without ever making contact with the track above it — and there’s no rail underneath it. Take…

Apple could soar more than 30% as its outperformance against the broader stock market provides a bullish setup, BofA says

The Cumberland Mall Apple Store in Atlanta, Georgia is one of three Apple stores with active union drives. REUTERS/Alyssa Pointer Apple stock has significantly outperformed the S&P 500 amid the rally from the mid-June bottom.That relative strength sets the stock up for more gains ahead, according to Bank of America.BofA sees potential for Apple to…

Oil companies are using a Caribbean fuel trade to work around a century-old US shipping law as East Coast demand booms

The UK and EU have agreed to ban insurance for Russian oil cargoes, reports said. VCG/Getty Images Oil companies are finding ways around a century-old US shipping law to get supplies to the East Coast, according to Reuters.  The Jones Act requires that goods traveling between US ports must be carried by American-made ships and…

I help doctors open private practices and resuscitate failed ones. Here are the 3 biggest mistakes I see them make.

BI Graphics Lisa McDonald. Courtesy of Lisa McDonald Lisa McDonald is the founder of Integrated Connections, a healthcare consultancy. She says a big challenge in starting one’s own private practice is unrealistic expectations. Here’s her advice for overcoming these issues, as told to writer Robin Madell. This article is part of Talent Insider, a series…

How the trans alpaca ranchers of Custer County, Colorado, are forging a new frontier

The main turnoff toward the Tenacious Unicorn Ranch in Custer County, Colorado. Adam Andres Pawlikiewicz Mesa for Insider Westcliffe, Colorado — As a sea of stars, stripes, and “Make America Great Again” hats made its way up Main Street this July 4, the festivities gave the illusion of a respite from the tensions that have…

6 quirky job perks small business owners are using to attract top talent, from custom $1,200 suits to a gifted Peloton

BI Graphics Million Dollar Baby Co. CEO Teddy Fong and a colleague. Million Dollar Baby Co. The increased desire to continue working from home can be a major benefit for small businesses. To poach top talent, small business owners are offering remote working perks and wellness incentives. For example, one CEO offers his employees a…

I spend $400 a month on freelancers for my small business. Here’s who I hire and why it’s worth the extra cost.

BI Graphics Hiring freelancers to help with low-lift tasks can save small business owners hours every week. GoTo Jen Glantz is an entrepreneur and the founder of Bridesmaid for Hire. She budgets $400 a month to hire freelancers to do work for her small business. The expense is worth it, Glantz says, because it saves her…

8 ways to financially support a friend or family member experiencing abuse

Survivors of gender-based violence often have only $10 in savings on average. Catherine Falls Commercial/Getty Images Research has found that nearly all survivors of domestic violence have experienced financial abuse. FreeForm surveyed 2,163 survivors to learn what kind of support they need from their communities. Here are eight ways to financially support a friend or…