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TRIVIA

Which fast-food chain began as a single hot dog stand in California?

A. McDonald's
B. Burger King
C. In-N-Out Burger
D. Wendy's

Headlines 👀

📊 Annual Inflation Rate Slows to Lowest Level Since 2021 - In July, inflation rose as expected, driven mainly by higher housing costs, according to the Labor Department. The Consumer Price Index (CPI) increased by 0.2% for the month, bringing the annual inflation rate to 2.9%, its lowest since March 2021. Core CPI, excluding food and energy, also rose by 0.2%. Shelter costs accounted for 90% of the overall inflation increase. With inflation aligning closer to the Federal Reserve's 2% target, there is speculation that the Fed may consider a rate cut in September.

📉 How Much Do Small Businesses Pay Their Employees? It Varies Significantly By State — Here's the Full Ranking - A recent report highlights the varying wages small businesses pay their employees across the U.S. In 2023, average annual wages ranged from $42,000 in Mississippi to $68,000 in Massachusetts, reflecting significant regional differences. States with higher wages, like Massachusetts and California, often have higher costs of living. The report emphasizes the importance of small business owners understanding local wage benchmarks to remain competitive and attract top talent, especially in a challenging economic environment.

🤝 US and India Forge Partnership to Empower Small Businesses: Should You Care? - The U.S. SBA has signed an agreement with India’s Ministry of Micro, Small, and Medium Enterprises (MSMEs) to strengthen small business collaboration and participation in the global market. This five-year partnership focuses on empowering small businesses, particularly in emerging sectors like green energy and digital services, and promotes women’s entrepreneurship. The agreement also explores the creation of a “Business Matching Digital Platform” to foster strategic partnerships between U.S. and Indian firms.

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FEATURED

NEW! Industry Reports at The SMB Center 🤩

Thanks to our friends at Tupelo, we’re able to provide key acquisition and operations data based on thousands of companies and transactions. We’ve set them up based on NAICS code, and you’re able to search your code or browse them all. Check them out now, and stay tuned as more industries get added!

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LIFESTYLE

The Best Freelancer Platforms to Get Affordable Support for You and Your Business 🧑🏼‍🏭

Small businesses, searchers, and busy individuals increasingly rely on freelance platforms to access a global talent pool. Freelancers offer flexibility, diverse skills, and cost-effective solutions, making them an invaluable resource for small business operators. This blog post explores three top freelance platforms and their unique benefits for small businesses…

Continue reading

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• Here's the secret about buying an SMB, it's gonna be a GRIND.
• Participating preferred stock for searchers explained.
• Here’s the 13 step guide of how you SHOULD manage your cash flow.

See more great tweets

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FUN STUFF

mikeledray/Shutterstock.com

🍋 Lemonade stands are no longer just for kids. These twenty-somethings are using lemonade to pay off their student loans and more.

🏠 Highly-anticipated rule changes for home buyers and sellers went into effect last Saturday. Here’s how the home buying industry is changing.

🏗️ A real, live groundhog named Colonel Custard found his way inside a Pennsylvania claw machine. Players identified Custard after realizing one of the prizes was blinking back at them.

🚕 Waymo’s autonomous taxis are keeping residents near their parking lot awake all night, thanks to a feature that honks when another car gets too close. The video is even funnier than it sounds.

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TRIVIA ANSWER

A. McDonald’s

(If I have to see this GIF, you do too. You’re welcome for the nightmare fuel.)