Economic Trends
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Small Business No Longer Plagued By Recession Pessimism
According to the spring 2012 release of the twice-a-year PNC Economic Outlook Survey, small business owners are no longer as pessimistic about the economy as they were during the economic downturn and the early part of the recovery. However, they aren’t exactly back to their pre-recession…
The Great Recession’s Effect on Small Loans to Business
Small loans to businesses continue to shrink, falling to $613 billion dollars at the end of 2011, the Small Business Administration (SBA) reports.
The dollar value of small loans is down substantially since the start of the financial crisis and Great Recession. SBA data reveals that the…
Obama’s Budget Offers Mixed News for Small Business Owners
President Obama’s proposed 2013 budget seeks to reduce the federal deficit to $901 billion. He seeks to achieve this goal by increasing taxes on “the wealthy” — households making more than $250,000. The goal is to alleviate the deficit over the next ten years by bringing an…
2012 Small Business Outlook: Partly Cloudy
The Shafran Moltz Group conducted an annual small business survey of 5,000 business owners this past month. The outlook continues to be uncertain. Forty five percent of respondents thought the economy was finally steady and do not believe there will be a double dip recession. However, over one…
Solving the Small Business Credit Mess
The U.S. federal government said the Great Recession was over in June 2009. Unfortunately, it’s at least year three and counting of a very difficult economic climate for many people . It’s not just the protesters at Occupy Wall Street or in your local community; it’s every darn small business…
Consumer Confidence: It’s a Bit Murky Out There
As small business owners in a recession, we eagerly await any news that consumer confidence is rebounding to normal levels. But looking at consumers as one undifferentiated mass is a big mistake. As the latest BIG Research Consumer Intentions & Actions survey uncovered, consumer optimism may be…
The New Economy and Small Business
Things have changed. And judging the landscape that we presently operate on, and have operated on for the last 4-10 years, things will continue to change. That’s the nature of this economy.
“The geography of wealth is being reshaped by our tools,” says Kevin Kelly, Author of New Rules for…
Loan Approvals Rising at Small Banks and Alternative Lenders
The Biz2Credit Small Business Lending Index, a monthly analysis of 1,000 loan applications, found that approval rates of small business financing requests by small banks and non-bank lenders increased to their highest levels of 2011 during December.
The big story in small business lending…
Holiday Shoppers Are Santa’s Elves for Small Business Owners
There are signs that the economy is heating up even as winter has officially arrived. The second annual Small Business Saturday gave a big boost to Main Street merchants and spurred an estimated 103 million Americans to shop at independently owned small businesses on November 26, 2011.
The figure…
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Don't Be Afraid Of Paying Big Commissions
Many business owners understand that paying salespeople (straight) commission is a great way to motivate and reward them equitably for… Read MorePopular Posts
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