Shopify president: Small businesses in America are the backbone of the economy

The president of one business has his sights focused firmly on big success for small businesses in America — and his firm has a lot to do with it. 

Harley Finkelstein, who runs Shopify, told FOX Business in an interview this week, “It’s quite clear, especially post-pandemic, that small businesses are the backbone of the entire economy. They’re very, very important.”

In the past few years, Finkelstein, who is based in Canada, said that the United States and indeed the world has seen that “the only constant in commerce

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Fintech start-up closes trade finance gap for small businesses

Greg Karpovsky had a formative experience at university that would inspire the creation of Stenn, an online platform providing working capital to international suppliers. He was studying at Moscow State in the 1990s when Jack Welch, then chair and chief executive of the conglomerate GE, visited to give a lecture.

The young Karpovsky asked Welch what line of business he should consider — markets were rapidly opening up in eastern Europe and he was already a keen entrepreneur.

Welch’s response was to focus on commercial finance. And that set Karpovsky on his journey to creating Stenn.

His first venture, Eurokommerz,

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Businesses in Long Beach threaten to move if violence, rampant drug use are not cleaned up

Prominent businesses in Long Beach, California, are threatening to pack up and move if issues such as crime, drug use and homelessness are not addressed, according to a local report. 

“Customers don’t feel safe,” District Wine owner Angela Mesna said this week, according to the Long Beach Business Journal. “My staff are afraid. We all carry pepper spray just to serve our customers on the parklet.”

City leaders are planning to hold a meeting on Thursday to discuss crime issues in the area and how

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How wide should a salary range be? Businesses and workers don’t agree

New York City businesses and workers are clashing over what’s considered an acceptable salary range.

As of Tuesday, employers hiring in NYC must list the minimum and maximum pay range on all of their job ads. The city’s salary transparency law states businesses must post a “good faith salary range,” defined as one the employer “honestly believes at the time they are listing the job advertisement that they are willing to pay the successful applicant(s),” says the New York City Commission on Human Rights, which enforces the law.

But throughout the week, New Yorkers have called out job postings with

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Sean ‘Diddy’ Combs to acquire cannabis businesses for up to $185M

Sean ‘Diddy’ Combs accepts the Lifetime Achievement Award onstage during the 2022 BET Awards at Microsoft Theater on June 26, 2022 in Los Angeles, California.

Kevin Winter | Getty Images Entertainment | Getty Images

Hip-hop mogul and businessman Sean “Diddy” Combs is venturing into the world of cannabis.

Combs has agreed to acquire licensed cannabis operations in New York, Massachusetts and Illinois from Cresco Labs Inc. and Columbia Care Inc., in a deal worth up to $185 million. The transaction marks Combs’ first investment in cannabis and will create the country’s first minority-owned, vertically integrated multi-state cannabis company, as

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New Florida law, Lee County guidelines handcuff mold mitigation businesses –

Mold mitigation businesses have deployed trucks that are inundating Southwest Florida roads. Hundreds of them have descended upon the area to clean up properties after Hurricane Ian wrecked the coastal areas Sept. 28.  

One of the truck drivers made a 5,200-mile round trip from his home in Carlsbad, California, looking for new business opportunities. He found plenty of homeowners in need in Cape Coral and on the river side of McGregor Boulevard in Fort Myers. But Robert Wells, the California-licensed owner of Tamarack Restoration found out the hard way that a law passed by the Florida Legislature last year, combined

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6 Data Management Strategies for Small Businesses

Image: UX Indonesia/Unsplash

Before implementing processes, solutions and policies, effective data management for small businesses begins with defining a business’s data goals. Understanding what all your departments and teams plan to do with data enables you to utilize it in a way that provides real value to your business.

SEE: Data governance checklist for your organization (TechRepublic Premium)

It is especially crucial for smaller businesses to be thoughtful about their data management strategy if they want to grow and remain competitive in their respective markets. To get started with an effective data management strategy, consider the following data management tips,

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