Tears Flow As Yet Another Small Business Struggles To Stay Afloat
The News: The Wall Street Journal reports on Summitville Tiles' gathering on Wednesday morning to layoff 59 employees. The owner asked for volunteers to quit to help cushion the blow for others. 7 left on their own accord. Full report.
Why It Matters: It is a heart wrenching story being played out across the entire globe. Owners and employees, alike, are showing true courage. This company will succeed. Learn from it.
In-N-Out Burger Better Than McDonalds?
The News: The Wall Street Journal reports that consumers rate In-N-Out Burger as a better fast food restaurant than McDonalds. Full report.
Why It Matters: I ate at an In-N-Out Burger on Monday, and yes it tastes better. But I still went to a McDonalds in my rush through the airport last night. You can lead on quality, but you can also lead in convenience or even in price. Both In-N-Out and McDonalds are winning.
Is Your Health (Insurance) Killing Your Business
The News: CNN reports on continually rising health insurance costs that are crushing small business. Full report.
Why It Matters: Read the second half of the article closely. Look for alternative ways to reduce costs.
Google And ISPs Fight Over The Internet Content You Can See
The News: Reuters reports Google unveiled a plan to determine if ISPs are inappropriately blocking or slowing consumer's online access. Full report.
Why It Matters: Interesting. Freedom of speech being tackled by businesses instead of the government.
Compiled by Mike Michalowicz, Author of The Toilet Paper Entrepreneur
