Economic Trends

 

Businesses Main Users of U.S. Postal Service

According to a report by the Presidential Commission on the U.S. Postal Service, as reported by the Small Business Survival Committee: “As individual households rely more and more on the Internet for a wider array of their communications, the nation’s Postal Service-by default-is…

 

 

Starting a Business Not Expensive

America is still the land of opportunity for entrepreneurs, where a business can be started for a modest startup investment. That’s according to a study released today by the U. S. Small Business Administration’s Office of Advocacy. “Not all new ventures require large…

Intel Chasing Small and Medium Businesses

Computer manufacturers are among the ranks of large businesses chasing dollars from the SMB market. Intel Corporation just announced a program to help customers evaluate and deploy PCs based on the latest hardware and software technology innovations. According to the Intel press release announcing…

SMBs Competing in the Face of Offshore Outsourcing

Another day, another article about the growing trend to outsource offshore. Expect many more. The Wall Street Journal recently ran an article in its center front page column about outsourcing of call centers to the Phillipines. Due to the U.S.’s longtime presence in the Phillipines,…

Banks Chasing Small Businesses

Some of the country’s largest banks are targeting small businesses, including Bank of America, FleetBoston, and Wells Fargo. Bank of America sees small businesses as a huge potential customer base. For instance, it was the top SBA lender last year, making 9,406 SBA loans. In an article…

Small Business as a Leading Indicator for the Economy

I recently met with the President of a large national bank. He asked me whether small and midsize businesses were seeing any change in the economy. He seemed surprised when I said that many of the SMBs I dealt with were optimistic and experiencing an uptick in business compared to the beginning…

Everyone Wants SMB Business–and that Signals Change

It’s no secret that large corporations are chasing dollars from small and midsize businesses. Giants like American Express, with its OPEN Network, are reaching out to SMBs with services and products designed specifically for their needs. Microsoft, Dell and HP are all coming out with…

South Dakota is Friendliest State for Small Business

According to a report by the Small Business Survival Center, South Dakota offers the friendliest environment for small business. Nevada, Wyoming, New Hampshire and Florida round out the top 5. The Small Business Survival Center is a conservative advocacy group for small business. Its annual…

Small Business: a Leading Indicator for the Economy?

On October 7th, I reported that unemployment figures from the government did not always reflect hiring by small and entrepreneurial businesses. Here’s more on that subject. This conclusion was reported by Haseeb Ahmed in an Economy.com article in early September. Mr. Ahmed believes that…

Health Benefits in Small and Medium Size Businesses

It shouldn’t come as any surprise. The smaller the business, the less likely the business offers health benefits to employees. Firms with 200 or more employees typically provide health benefits for employees. But when you go down to smaller businesses, the number drops dramatically. A 2003…

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