Will reduced Mastercard, Visa credit card fees help NS small business?

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Small Business
Small business owners in Nova Scotia are voicing mixed reactions to the federal government’s announcements last week that has been negotiated lower interchange fees which businesses have to pay each time a customer using a Visa and Mastercard credit card. Beginning in the fall of 2024, in-store credit card interchange fees will be reduced from an average of 1.4 per cent to 0.95 per cent, for businesses with less than $300,000 and $175,000 in annual Visa and Mastercard sales respectively. Shop owners across the country have complained for years that high credit card fees have hurt them. Research by the…

Berkshire Hathaway shareholder meeting takeaways: Warren Buffett’s remarks

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Business News
Warren Buffett, chairman and CEO of Berkshire Hathaway, criticized the government’s intervention in recent bank failures, saying on Saturday it averted what could have become an even bigger crisis. Yet he said the US banking system had become too complicated — and it was not surprising that the banks failed. He said he’d been selling bank stocks, first at the start of the pandemic and more recently over the past six months as banks increasingly face mismanagement and respond to bad incentives. “The American public doesn’t understand their banking system — and some people in Congress don’t understand it anymore…

5 Tips For Growing Your Social Media

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Small Business
In the digital age, having an online presence has proven to have many benefits. Whether you are looking to promote your product or service, secure partnerships, or simply have a large following, there are tips and tricks that you need to know in order to grow your social media. From Instagram, TikTok, Twitter, or even Facebook. There are specific practices and ideologies that live behind your increasing social media presence. What Are The Top 5 Ways To Grow Your Social Media? There are 5 critical aspects that you must understand if you wish to not only grow your social media…

5 Top Side Hustles for Financial Professionals

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Business Plan
ArLawKa AungTun / Getty Images/iStockphoto There’s a common misconception that people who work in the financial industry must have a lot of money themselves. That’s not always the case — and accountants, bookkeepers, financial planners, advisors, bankers and the rest could always use a little extra income, the same as anyone else. See Our List: 100 Most Influential Money ExpertsMore: How To Build Your Savings From Scratch If your primary career deals with money, you can leverage your skills and knowledge to open up all kinds of alternative income streams. Keep reading to learn about the top side hustles for…

Important team and business changes

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Business News
Team – We are changing the shape of Shopify significantly today to pay unshared attention to our mission. There are a number of consequences to this, and I don’t want to bury the lede: after today Shopify will be smaller by about 20% and Flexport will buy Shopify Logistics; this means some of you will leave Shopify today. I recognized the crushing impact this decision had on some of you, and did not make this decision lightly. In the next 5 minutes you’ll get a follow up that tells you if you are affected. There’s no way to make this…

You Don’t Need A Business Plan To Start Your Side Hustle

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Business Plan
Starting a business is less formal than you think it is. getty After nearly a decade of my traditional corporate career, I did the thing that social media dreams are made of — I quit my day job to turn my side hustle into my full-time job. I went against conventional business advice, and was still able to build a six-figure business from scratch. Data from the US Census Bureau shows 5 million businesses were started in 2022, and more and more corporate employees are contemplating leaving traditional career paths for entrepreneurship. Because I Invested My Own Money, I Never…

Prices, digital growth benefits Walmart

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Business News
BENTONVILLE, ARK. — Lower prices compared to competitors and convenience brought about through digital capabilities lifted Walmart US to same-store sales growth of 7% in the first quarter ended April 30. The growth was due to higher store traffic trends as well as growth in store-fulfilled pickup and delivery, said John D. Rainey, chief financial officer, in a May 18 earnings call. “From a category perspective, comp sales were driven by strong growth in food and health and wellness, partially offset by a decline in general merchandise sales,” he said. E-commerce sales increased 27% in the United States when compared…

Employees of financial business bound by a pair of robbers

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Finance
Police say armed robbers bound employees of a financial business in Gray Highlands on Friday and made off with a quantity of cash. Gray-Bruce Ontario Provincial Police (OPP) respondent to a robbery at a financial business on Gray Road 2 in Gray Highlands on May 19 at around 5 pm Police said it was reported that two individuals, armed with a firearm, entered the business, bound employees and stole a quantity of currency. One suspect was described as male, black, thin build, 5’8″ to 5’10” tall. The second suspect was described as male, thin build, 5’8″ to 5’10” tall. Surveillance…