Small Business News: Small Biz Map to Success

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The map to success is different for every small business, but information and a commitment to constant learning are the first steps in the journey. Today we share the latest news on many different aspects of small business from finding a niche to getting loans to hiring employees and beyond. If you’re starting on your small business journey or are already well on your way, let us provide some of the detail for the map you use on your road to small business success.

Trends

Wedding business a royal pain? Sure columnist Rhonda Abrams is trying to target interest in today’s royal wedding the world over with this delightfully playful and pithy title (and one that no doubt, search engines will enjoy) but her post is also a great explanation of how to target a market (any market) using weddings as an example. USA Today

10 small businesses making big bucks off the royal nuptials. And just as further proof that small businesses really do come in all sizes, here is a list of ten companies that will reap huge profits from today’s ceremony. If you think there are limits to small business earnings or potential, take a moment to check out these big earners for this historic event. Business Insider

Finance

Are the flood gates finally opening? Here at Small Business Trends, we’ve never subscribed to the idea that small business success is tied to loan availability alone and certainly not simply to loan programs under the U.S. Small Business Administration, but we recognize that, for some of our readers, this funding is an important issue. Here’s a Q&A with some further details about what the new expanded SBA loan program will do. News OK

Human Resources

How will you be hiring your new talent? Not necessarily from unsolicited resumes or through job boards, say many of your fellow small business owners. Instead? Small business owners are turning to employee and online networks to find qualified new hires. Don’t be left behind. Networking can be a great way to connect with the people you need to make your small business a success. WSJ

Global

Can small business help bring about peace? Some entrepreneurs might not immediately consider such an altruistic goal but one small business advocacy group focusing on developing small business leadership in regions touched by conflict believes a new generation of small business owners can make the difference creating jobs where once there was violence. You’re the Boss

Health Care

Will “private exchanges” lower business insurance premiums? In a move anticipating the state exchanges likely under a new federal health care law, some business have begun to send employees to “private exchanges” for health insurance programs. The aim is an attempt to control unpredictable changes in premiums in the health insurance industry. Would a private exchange ease your health insurance costs? USA Today

Tech

Small biz tech explosion. It might not be a surprise to anyone who runs a small business daily, but now there are some impressive numbers connected to what many small business owners already know. Small business use of tech is exploding in particular the use of the Internet via smartphones, notebook computers and other portable devices. Check out the data in this summary for more details. Silicon Valley BizBlog

Education

Help small businesses compete by holding a workshop. That’s the plan behind an event scheduled for next week to help small businesses in Oklahoma capture some of a budgeted $2.5 billion in federal research grants. For some small businesses, the greatest tool is information. How could you best help small business owners recognize and take advantage of the opportunities in a rapidly changing world? News OK

Online

Why SEO is still in your future. Yes, of course, Search Engine Optimization is still important to your small business. At least, it is if you have any online presence at all. And that’s pretty much everyone of us these days. Sure, social media has become a critical part of the mix, but as everyone who has ever run a small business knows, the recipe for success has more than one ingredient. Top Rank

Self-development

An entrepreneur checklist for May. As we wrap up this post, it seems only right to do a little forward thinking for your small business success. This success is about reacting creatively as opportunities and problems arise, but it also involves being ready with a plan of action and with daily maintenance needed to keep up with the stages of your business. Solopreneur Miranda Marquit gets us started with a bit of monthly brainstorming. Personal Dividends

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