A new survey conducted by Wells Fargo (WFC) and Gallup on about 600 business owners has published its findings on November 21, 2013. According to the survey, increase of federal minimal wages to $9.50 would hurt business, yet about 50% of respondents are supporting the hike. Survey Findings: 47% of small buisness owners whose annual […]
Category: Business
Small Businesses Play an Important Role in the US Economy
The title says it all and it’s true… For many, small businesses are just local businesses and it is the big industrial giants that are contributing to the economy of the US. We need to correct them and change their wrong perception. Studies show that small businesses employ over half of US workforce. According to […]
Twitter Opens Up Ads for UK SMEs
Good news for the UK small businesses. Twitter opened up its self-advertising platform for the first time to these businesses. Here, all you need to have is a Twitter account and a credit card to advertise your ads. Twitter launched its partnership with O2 Business to educate small businesses in the UK on how to […]
Ink from Chase Survey: Like Major Retailers, US Small Business Owners Prepare for Early Holiday Promotions
A new survey of small business owners from Ink from Chase shows that major retailers, small business owners are preparing for the holiday rush even earlier this year. More than 34% of small businesses are planning for promotions beginning on or before Thanksgiving Day, 47% are increasing marketing or inventory and 22% are planning to […]
Recruitment Tools for Small Business
Recruiting people for small businesses is the key responsibility of human resource professionals. They help in contributing to the organization by choosing the right person for the right job. To find right employees and to recruit them in an effective way is important for any business. Luckily, there are many tools for recruitment for human […]
Optimization Rises among UK’s Smaller Manufacturers
According to the latest SME trends survey by CBI (Confederation of British Industry), optimism among UK’s smaller manufacturers is at record level. In the three months up to October (42%) firms reported that total new orders increased for the first time since July 2012 and (25%) said they decreased, giving a balance of +17%. This […]
US Small Businesses Health-Care Costs are Rising UP
According to the survey by National Federation of Independent Business (NFIB), by 2014 US small business owners are planning to increase health-care cost as to meet the individual mandate of the Affordable Care Act. The NFIB surveyed 921 small business owners are found that, two-third of them reported that they have increased health-care cost this […]
American Small Business Credit is Healthy Even After Government’s Shutdown in October
The American small businesses showed the rise in credit balances and decrease in non payment in October even after the government was shutdown. Small businesses in the west are doing better than there in the east. The overall performance of small businesses across America is good. According to Moody’s Analytics report, the small business credit […]
Impact of Small and Medium Businesses on US Economy
The number of small businesses in the United States has increased by 49% since 1982. Today, small and medium businesses are the backbone of the country. SMBs contribute a major part in country’s economy and job creation. Following are some facts that will ‘change your mindset’ towards small businesses.
Definitions of Micro, Small and Medium Businesses in the UK Economy
SMEs (small and medium-sized enterprises) are the lifeblood of the UK economy, they account for 4.8 million (99%) of all private sector businesses in the UK. SMEs significantly impact the promotion of economic and social development such as employment generation, poverty reduction, wealth, innovation and social integration.