Business

Salary History: New York City joins the bandwagon

From Fox News on Salary History issue

NEW YORK – New York City’s mayor has signed a bill into law making it illegal for employers to ask applicants about their salary history.

Democratic Mayor Bill de Blasio signed the measure Thursday.

The mayor says the new law will help eliminate the gender wage gap by ensuring women with lower paying jobs won’t face continued lower salary offers.

The law was authored by the city’s public advocate, Letitia James, who says the wage gap costs New York City women $5.8 million in potential earnings every year.

The law goes into effect in 180 days.

Applicants who believe a potential employer violated the law can file a complaint with the city’s Human Rights Commission, which can impose penalties of up to $250,000.

http://www.foxnews.com/us/2017/05/05/new-york-city-bans-employers-from-requesting-salary-history.html

Do you agree with NYC and the other localities (Massachusetts comes to mind) that say salary history is none of an employer’s business?

Investor shopping; you need a compelling pitch deck

The Business Lifecycle

Businesses are at one point in their life or another looking for new investors.  One can say Investors are always looking for good investments.  Start-up’s usually need capital and are looking for either seed capital or an “A” round financing.

More mature entrepreneurial companies are looking for further financing.  Some are leaning to the IPO process for funding; others may opt for an merger or to be acquired.  Owners of mature companies (or for that matter all firms) are ultimately looking for an exit.

What is the difference in each of their life cycles?  Not much.  Investors, whether they are buying a percentage or the entire company want to know about your company; and they start with the pitch deck.

Investor pitch deck

The pitch deck is usually the only chance you will get to entice the prospective Investor.  We at SBA * Consulting and our strategic partner Management Interactive LLC have seen quite a few pitch decks.  Some extremely well made, informational and having an aesthetic appeal.  Some, not well made giving the reader very limited information.

Your pitch deck needs to provide the reader with enough information to prove your value proposition and request (for funding, or sale).  If you do entice a potential Investor, you’ve made it to round two.

Investor Information Continue reading »

Supply chain concentration can be a death knell

A recent announcement by Apple; brought to my attention by a blog by JD Miller of BravoSolution; was about the supply chain.  Apple severed a relationship with one of their suppliers.  Well, companies lose clients all the time.  And companies lose their vendors or suffer a diminished supply chain as well.  But when a customer or a vendor hold a majority interest in the well being of that company, well that can be a death knell. Continue reading »

Google Plans Ad-Blocking Feature in Popular Chrome Browser

GoogleGoogle, a company that never stands still is about to put a major kink in e-commerce.

The Wall Street Journal reports that Chrome will be able to block ads.  This change is on the heels of  a list of unacceptable ad types by the Coalition for Better Ads.  These ad types include pop-up ads, ads with countdowns, sticky adas, auto-playing video ads with sound among those the Coalition finds objectionable.

Websites that depend on advertisers may find revenue’s decreasing. Continue reading »