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Report: 33% of US Small Businesses Couldn’t Pay Their Rent Last Month

Tech.Co

The rent crisis is getting worse, according to a new report that found a full third of all small and medium-sized businesses are behind on their rent for the month of May. The new data comes from small business networking site Alignable, which released its Q2 Rent Report at the start of the month. What's driving the crisis? newsletter.

Report 151
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Virgin Galactic Chairman Cuts Personal Stake

socalTECH

million shares of his stake in the firm, worth roughly $213M, according to reports. Palihapitiya has yet to comment on the sale. The company is aiming now at putting people into space in 2022, although it currently is in the midst of testing delays.

Report 113
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TikTok Hopes Startups Can Breathe Life Into Its Shopping Struggles

Tech.Co

Digital advertising raked in $11 billion in revenue for TikTok during 2022, but the social media platform has struggled to make similar inroads in the world of ecommerce – so it’s drafting in some help. Please fill in your email. Please verify before subscribing. TikTok Teams Up With Ecommerce Startups. By some metrics, certainly not.

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10 Business Model Components Required In Every Plan

Startup Professionals Musings

A target market is the group of customers that the startup plans to attract through marketing and sales their product or service. Sales/Marketing. Be specific on sales channels and marketing initiatives. Test your projections against actual published reports from similar companies. How will you reach your customers?

Sales 102
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7 Key Factors Obscure Your Customer Acquisition Costs

Startup Professionals Musings

Leaders and investors need to know if you have and are tapping into your key sources of relevant data, including web analytics, sales management data, and customer relationship management (CRM) software. Rarely is there alignment between sales and marketing. Long sales cycles obscure beginning and end of costs.

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Buy Now, Pay Later Service Affirm Is Teaming Up With Stripe

Tech.Co

In early 2022, 55.8% of US consumers reported having used this type of payment service, a percentage up from 37.65% in the summer of 2020. ” In addition, Sophie Sakellariadis, Payments Product Lead at Stripe, cited the need to keep up with changing consumer preferences in her statement discussing the deal.

Services 120
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Smart Audio – A Lucrative Platform… If You Figure Out How To Leverage It

InfoChachkie

The entire report is available HERE. The research organization CIRP announced in August that sales of smart speakers had exceeded 50 million, with sales expected to grow 48% over the following twelve months. However, sales of Google’s Home product appear to be outstripping those of Amazon. Potential Startup Opportunities.

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