Maro Molteni’s favorite part of being a business owner is following the schedule, though it can be difficult because he ends up working three times more. “By the end of the night, I say “We made it another day, people were happy, everybody’s happy, and tomorrow we go at it again!”
Read MoreWhen it comes to the near-term outlook for small businesses, nearly everything you see and hear seems grim. However, we believe that what lies behind the headlines and statistics is a massive, once-in-a-century opportunity to reinvent and reimagine what a restaurant, retail store, market or other local business could become: a leaner, more profitable, technology-focused concept with a more enjoyable experience for its patrons.
Read MoreIf you start to obsess about having a better offering than your competitors, remember this quote by investor Peter Thiel. "Superior sales and distribution by itself can create a monopoly, even with no product differentiation. The converse is not true."
Does your product need to be great, and should your customer service be incredible? Absolutely. That said, there will always be room for a strong competitor in any industry or market.
Read MoreBecause Compliance with PCI DSS is not required by federal law in the United States, it is not regularly promoted by payments related organizations.
However, reviewing several important stats should make payments companies and all businesses alike take compliance more seriously.
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