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Business content from Leo Nelson

The cost of a free cup of coffee

Great interview with Square COO Keith Rabois, on his thoughts of e-commerce, recruiting, the cost of a free cup of coffee:

Traditionally, the businesses we serve were basically counting cups, and they would literally stack their cups up in their coffee shop that they would know the number of coffees that were being sold or cappuccinos that were being sold by the end of the day. That’s exactly why they won’t give you water if you’ve ever tried — it screws up the inventory management system.

and of course, his thoughts on mobile apps and their placement on the home screen of user’s devices:

If you are installed on a home screen, it’s not accidental. So being installed on a home screen encourages more use, whereas on the web you don’t necessarily have that home screen. Then secondly, what’s on my home screen here is self expressive. I know people are going to see my phone so I have Yelp here intentionally, and I have Twitter here intentionally, and Quora is here intentionally. So it’s not just a shortcut.

Your Credit Score

From Your Credit Guide, under the Fair and Accurate Credit Transactions Act (FACT Act) consumers can now request and obtain a free credit report once every 12 months from each of the three nationwide consumer credit reporting companies. For residents of the North East states, AnnualCreditReport.com is the only authorized site that provides consumers with the secure means to order free credit reports from Equifax, Experian and TransUnion.

Your Credit Guide

One of my friends is trying to put together the ultimate site on credit. A site that provides resources, credit card applications and a whole peer review system for credit cards. It’s definitely work in progress but he’s hopeful that the site will provide the necessary resources to help with establishing credit, checking credit, living without credit and even applying for credit. If you have a second, please stop by Your Credit Guide and do send in suggestions and feedback on how to improve the site.