Tag Archives: student loan

Startup founders who landed a deal with Mark Cuban on 'Shark Tank' used a 100-year-old piece of business advice to build their company from the ground up

Startup founders who landed a deal with Mark Cuban on 'Shark Tank' used a 100-year-old piece of business advice to build their company from the ground up

Nick Sky and Dan Stelmach, brothers who founded the student-loan-payment app ChangEd, say you need to “embrace the broom” to find success as an entrepreneur. Embracing the broom means doing whatever job that needs to be done and not thinking the work is beneath you. The advice can be traced back to Andrew Carnegie, the 19th-century business magnate. Through hard work and persistence, the brothers scored an appearance on “Shark Tank” and a $250,000 deal with Mark Cuban. If you want any chance at success as an […]

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Student Loan Crisis: Are Small Businesses Impacted?

Massive student loan debt is having a crippling effect on the U.S. economy. According to the United States Federal Reserve, 44.2 million students owe $1.52 trillion . This amount is growing by $29 billion a quarter. Student loan debt now surpasses all other forms of debt except mortgages. College debt exceeds what is owed for vehicle loans and on credit cards. There is no consensus on how this debt burden impacts small businesses; however, it must affect buying decisions. It also lowers credit scores and reduces the […]

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