In this series, we’re discussing how to inflation proof your business. With interest rates at all-time lows, company debt has surged. If inflation begins to rise, your debt could begin costing you significantly more when the Federal Reserve begins fighting inflation with higher interest rates. My very first, and last, small business loan was at 18% interest. That experience taught ...
While in college, I worked as a night custodian at an elementary school, where I became acquainted with Jim, the daytime custodian. I was surprised to learn Jim had previously built a very successful business and family, until his secretary began flirting with him. He eventually succumbed to the temptation and had an affair. Jim’s wife divorced him and gained ...
In one month’s time, Gamestop’s stock price went from $18 a share to over $340 at its peak. The price soared despite their revenue and profits being in decline. The stock price was driven up by a tribe of online small investors who decided to stand against the large hedge funds. Although Wall Street took notice, long-term, the true value ...
Universal Basic Income has become a growing topic, due to the fear of jobs being eliminated because of artificial intelligence and robotics. The concept of UBI is to provide everyone a government check each month for a minimum standard of living. A McKinsey Global Institute study, however, discovered that automation will increase employment overall! In my opinion, UBI will disincentivize ...
Equipping Others to Do Work Differently
