Yelp has hired Evercore to help defend the company against an activist investor, who recently called for a board shake-up and potential sale
. At the current market valuation of over $3 billion, there are few, if any, “credible buyers,” according to a source. (CNBC
A new study finding that 45% of retailers see mobile POS as a priority demonstrates that even with a limited number of automated checkout and mobile checkout offerings in the sector, the technology has quickly gained influence in the industry.(Mobile Marketer)
Bank of America is launching a mobile toolkit for small businesses, Business Advantage 360, which provides a way to manage finances using a smartphone.
The platform, which is provided to any customer with a business deposit account, provides information cash flow as well as real-time guidance and expertise on managing finances, according to a news release. (Mobile Growth Daily
Last month, the U.S. Department of Treasury finalized rules that apply to SMBs on qualifying for a 20 percent tax deduction, with the National Federation of Independent Business applauding the initiative. However, the impact of the tax reform on the small business community is not clear, particularly so soon after the reform came into effect.
In January, Accenture released the latest installment of its ongoing New Energy Consumer research, “Serving Small and Medium-size Businesses: Shaping customer experience their way.” Here are 10 of the report’s most interesting, actionable and impactful findings. (Utility Dive)
Six in ten small businesses regularly struggle with cash flow, according to the QuickBooks State of Cash Flow Report. As a result, 32% of those small business owners have been unable to pay themselves, employee payrolls, vendors or loans within the last year. What is the primary cause of these cash flow struggles? It’s not a lack of funds. It’s a lack of availablefunds. (Forbes)