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Do Older Founders Have Traits that Make the Best Entrepreneurs?

Enterprise Recovery

In a recent Forbes article, the contributor suggests that older entrepreneurs outperform younger startup founders and lists numerous examples. E-Trade started with Bill Porter at age 54. GoDaddy was founded by Bob Parsons at age 47. Leo Goodwin, the founder of Geico, was 50.

Startups 130
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FTC Orders Small Business Credit Reporting Companies to Disclose Information About Industry

Troutman Sanders

The Federal Trade Commission (FTC) announced that it is launching an inquiry into the small business credit reporting industry. The number of data contributors with which they currently have data contribution agreements and the steps taken to ensure the data provided is accurate.

Trade 52
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Unpaid Invoices affecting 54% of UK Businesses

UK debt collections

As the United Kingdom continues to ease its Coronavirus restrictions , 54% of current actively trading Businesses are facing piles of unpaid invoices. Debt Collection Agencies are said to be a major contributor towards combating the problem. The results from a survey by the Office of National Statistics make for shocking reading.

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UK Business insolvency rises by 18%

UK debt collections

Creditor voluntary liquidations at high levels Nicky Fisher, President of R3, the UK’s insolvency and restructuring trade body said “Firms have been battling economic issues for three and a half years now, and corporate insolvency numbers are rising as more and more directors run out of options. Businesses are being battered from all sides.

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The FTC and State AGs Warn Consumers About Crypto Scams

Troutman Sanders

And the Federal Trade Commission and state AGs are taking steps to put the public on notice and minimize consumer harm on this new twist. According to the Federal Trade Commission’s latest report, [4] victims lost more than $80 million from October 2020 to March 2021 alone. Crypto Scams. The Harms Caused. 1] See [link]. [2]

Trade 52
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6 Quick Steps to Increase Cash Flow and Reduce Debt

Debt Recoveries

Slow paying debtors means more cash is locked-up so you cannot use it to pay your own bills and staff; this is usually the biggest contributor to bad cash flow. If you are not able to pay your bills within their terms then you are trading whilst insolvent and this is illegal in most countries. Can you pay your bills as they fall due?

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401(k) Calculator: See Your Future Balance

Credit Corp

401(k) plans allow you to invest in exchange-traded funds (ETFs), mutual funds, and target-date funds. You will incur a 10% tax penalty if you withdraw money from your 401(k) before you reach age 59 ½. To avoid this, make sure you have an emergency fund for shorter-term expenses.