The Small Business Breakdown team is back with another episode this week and they’re still pissed off … again.
Our panel of experts doesn’t hold back when discussing Canva’s decision to reverse its decision earlier this year to significantly increase the cost of Teams subscription rates for existing users.
When Canva contacted existing users with news of the price increase, loyal users responded the way you’d expect them to. They scrolled.
The good news is, Canva listened to the collective reaction from their loyal base and backed off on the decision to raise their prices. The question is: Will that convince users to stay or come back even if Canva loses its existing Team users?
Check out this week’s episode to see how our experts feel about it and other big issues affecting small businesses this week:
And don’t forget to check out this week’s other headlines for small business owners in our Small Business News Roundup…
SBA Offers Working Capital Loans to Kentucky Small Businesses Affected by Drought
The US Small Business Administration (SBA) has announced that Federal Economic Injury Disaster Loans (EIDLs) are now available to small businesses, small agricultural cooperatives, aquaculture businesses, and many private nonprofit organizations in Kentucky.
Upwork Study Reveals Companies Using Distributed Work, Flexible Talent, and Advanced Technology Achieve Higher Financial Performance
Upwork released its latest Work Innovators report today. The report reveals that companies that combine distributed work models, flexible talent strategies, and advanced technology are seeing better financial results than their peers.
Adobe Launches Free Web App to Help Creators Protect Content and Ensure Appearance
Adobe (Nasdaq: ADBE) announced the launch of the Adobe Content Authenticity web app, a free and easy-to-use tool designed to help creators protect their work and ensure they receive proper attribution.
Meta Introduces New Facebook Locations Tab, Messenger Communities, and AI Features
Meta recently introduced new features and enhancements to Facebook and Meta aimed at improving the user experience, especially for adults and younger communities.
Gift Card Marketplace Launches New Local Gift Card Offering Platform
Gift Card Market, a leading provider of digital gift card solutions, today announced the launch of the first platform at the Retail Gift Card Association Forum event in San Diego. This new technology simplifies the process of sending gift cards to more than 5 million restaurants, cafes, and salons across the US.
Smartsheet Unveils Improved User Experience and New Features
Smartsheet recently announced a major transformation of its platform today during the annual ENGAGE customer conference. The company introduced a new user experience alongside several innovative features designed to improve collaboration and balance work across organizations.
GoDaddy Survey Reveals Key Issues for Small Businesses Ahead of Election Day
As we approach Election Day on November 5 – and people in some states have already voted – small business owners are emerging as an important voting bloc.
Massachusetts Cellular Phone Tower Installation Business Owner Pleads Guilty to Employment Tax Crimes
The owner of two Massachusetts-based companies, Bowmar Steel Industries Inc. and Teleconstructors Inc., pleaded guilty Friday to willful failure to collect, account for, and pay taxes owed to the IRS.
California Real Estate Agent Charged with Tax Evasion and Foreclosure Payments
A federal judge in Los Angeles has indicted Gabriel Guerrero, a Los Angeles-based real estate agent, on charges of tax evasion and obstructing the Internal Revenue Service (IRS) in its efforts to collect back taxes.
New Study Finds Generation Z Less Motivated to Start Their Own Businesses
A recent study by VoiceNation revealed that only 9% of Americans dream of starting their own business, while Americans aged 45-54 show the greatest interest in entrepreneurship. According to research, 13% of people in this age group consider starting a business their dream job, while only 10% of those aged 18-24—representing Generation Z—see it as a goal.
Amazon Launches Prime Business Rewards and Offers Discounted Business Memberships
Amazon Business has announced the launch of Business Prime Rewards, a new benefit for Business Prime members, offering up to $1,000 annually in rewards on eligible purchases. This program is designed to help business buyers save money while shopping on Amazon Business.
NFIB Jobs Report: Small Business Job Openings Drop to Lowest Level Since 2021
The National Federation of Independent Business (NFIB) released its September jobs report, revealing that 34% of small business owners (seasonally adjusted) reported job openings they could not fill. This is a six-point decrease from August, marking the lowest level of unfilled job vacancies since January 2021.
FedEx Launches fdx Platform to Improve Customer Experience for Businesses of All Sizes
FedEx Corporation recently announced the launch of fdx.com, a data-driven trading platform now available to US customers. The fdx platform, powered by insights from FedEx’s extensive network, aims to improve every stage of the customer journey—increasing demand, increasing conversion rates, fulfilling fulfillment, and simplifying returns for businesses of all sizes.
Coming soon: 3 minute YouTube shorts!
YouTube has announced a series of updates to its Short platform, aimed at making it easier and more fun for creators to express themselves and connect with audiences. Starting October 15th, creators will be able to upload a Short up to three minutes long, giving them more freedom to tell their stories and engage with viewers.
