ABOUT THIS EPISODE
Fintech Friday is here - with news, and we are celebrating Entrepreneurship month. November 15th is the big day! - We celebrate business ownership on every podcast. We are providing educational and fun information for business owners about something that can be pretty boring - but we break it down into simple concepts.
Today we dive into some things congress is doing that would affect small business owners and independent contractors who are also small business owners. A change to the Fair Labor Standards ACT that would complicate things for independent contractors, small business owners, and even gig workers. We talk about other laws about ATMs and Cash Access, which are essential to many small businesses.
Then we talk about:
- What do Small Businesses want from their bank?
- Businesses want banks to go digital, partner with FinTech, focus on small businesses, and make it easy to sign up for bank accounts and other services - like merchant services.
- The US economy relies heavily on small businesses - they generate 44% of the economy and employ many people.
- 60% of businesses want to bank at a bank that offers more digital services.
CARPE DIEM
SIEZE THE DAY
