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Notary News

The latest in notary, Apostille, and business news from New York, NY.

Posts in Big Ideas Small Business
The Good and the Bad of Using AI to Create Content

Today, anyone (including me) can figure out how to use ChatGPT (Open AI) to create content. It can produce blogs, marketing materials, video scripts, and more. This generative AI tool is free and can be helpful. But there are some serious issues to note. Here’s my take on how I’ve been using it and what you should consider if you use it for your business.

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Pay Transparency Laws: What You Need to Know

Many small businesses have job openings because of the tight job market today. NFIB’s Small Business Optimism Index for June 2023 (the latest available) found that 42% of owners reported openings that were hard to fill. If you are one of them, be sure to understand your obligations about giving applicants information about wages, salary, and other information. If you learn you aren’t obligated to disclose pay, you may still want to do so or become obligated in the future. Understand the scope of pay transparency and what you need to do.

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How Consumers Talk and Brands Listen

The communication between consumers and brands has changed dramatically in the virtual age. With the advent of the internet, consumers now have more significant ways to respond and interact with brands explicitly. This shift has created a new interactive and dynamic verbal exchange era, empowering consumers to shape items and influence buying decisions.

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3 Best Tips for Managing Your Business Cash Flow

There are lots of useful apps that can help you manage cash flow in your business. Then, when your venture grows, you might want to invest in an accountant to help you monitor your finances. If you don’t get paid on the spot, be sure to watch all money owed to you. Send out invoices for payments quickly and stay on top of collections. Again, various apps can help you send and receive invoices.

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What To Do About Riding Interest Rates: 5 Ways to Prepare

If your business has an outstanding line of credit, the interest rate you’ll pay is the current interest rate set by the borrower. This rate, which is likely geared to the bank’s prime rate, is effectively fixed according to the fed funds rate. As the fed funds rate increases, so does the prime rate, and thus the rate you pay on your line of credit.

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