Difference between revisions of "Small Business Blog Post Material"

From edegan.com
Jump to navigation Jump to search
imported>Jason
 
(27 intermediate revisions by one other user not shown)
Line 1: Line 1:
−
==Small Business Needs & Candidate Objectives May Be Misaligned==
+
'''Small Businesses On What Matters:'''
 +
*Expansion of overtime eligibility
 +
*Department of labor’s legal counseling disclosure movement
 +
*Osha environmental regulation that affects manufacturing and farming
 +
*ESBA’s retirement reform could hinder small business retirement plans
 +
(NFIB)
  
−
'''Republican Candidate Small business objectives:'''
+
*Many of the regulatory costs are fixed costs thus businesses with 5 and 500 employees pay the same costs
 +
*42% of businesses surveyed say that few or no qualified individuals applied for an open position
 +
*Many other businesses cite that attracting customers to the business is their biggest problem
  
−
Trump:  
+
'''Small Businesses Want to Grow: How Can they?'''
−
*Immigration reform calling for mass deportation of immigrants would decrease the opportunity for sb growth
 
−
**40% of Fortune 500 companies were started by immigrants
 
−
*Education reform slashing the budget of the department of education-> decrease in financing for sb innovative research program (a research and development project that investigates important education or assistive technology, science, or engineering questions under topics identified each year in the solicitation).
 
−
*Tax reform, lowering the corporate tax from 35%->15% for all businesses (DTW1)
 
−
*Reform health care policy, eliminating obamacare
 
−
(Forbes)
 
  
−
Cruz:
+
Numerous reports have cited that small businesses have plans to expand within the next year. An analysis conducted by the Wallstreet Journal in January 2016, highlights fifty-four percent of small businesses surveyed say they expect their employee base to increase. Twenty-seven percent of businesses interviewed for a New York Federal Reserve report, detail plans to increase their full time staff within the next year. A report in February 2016 by the National Federation of Independent businesses however, documents forty-two percent of small business have encountered obstacles in identifying qualified applicants for open positions. Similarly, survey results indicate that numerous businesses have expectations to increase profitability and/or sales revenue, while a complimentary majority cite difficulty in attracting customers and identifying new markets. To summarize the current state of affairs, it appears that small businesses share a desire to expand both financially and physically, but face disparities in realizing that goal. This therefore prompts the question: How should small businesses go about achieving affective and meaningful growth?
−
*Tax reform code -16% corporate tax level
 
−
*Wants to repeal Obamacare because of perceived inhibitory effects on small business
 
−
*Cut the export-import bank
 
−
*Eliminate estate taxes and capital gains
 
−
*Legislation to prevent deduction of undocumented salaries around tax time
 
−
*Wants to eliminate the IRS 
 
−
*Dismantle the current EPA regulation regarding the clean power plan and, waters of the US rule
 
−
(TCW)
 
−
*Adamantly opposed to a higher minimum wage in protecting sb owners
 
−
*Build out keystone pipleline
 
−
(WP)
 
  
−
Kasich:
+
''Adjusting to the current state of Capital Markets''
−
*Reduce corporate taxes from 35-25%
 
−
*Implement a one year moratorium on all regulation passed by the obama administration
 
−
*Repeal Obamacare and implement a market based system of healthcare
 
−
(BizJ)
 
−
*Eliminate the estate tax (a tax levied on the net value of the estate of a deceased person before distribution to the heirs.)
 
−
(FORT)
 
  
−
'''Democratic Candidate Small Business Objectives'''
+
-Since the financial crisis of 2008, small business owners have encountered obstacles in accessing traditional sources of capital.
 +
https://ilsr.org/understanding-small-business-credit-crunch/
 +
-Alternative Financing sources available to small businesses to help with growth
 +
*crowd funding
 +
http://www.crowdsourcing.org/editorial/global-crowdfunding-market-to-reach-344b-in-2015-predicts-massolutions-2015cf-industry-report/45376
 +
*Non-proft lenders
 +
http://www.businessnewsdaily.com/8448-best-business-loans.html
 +
https://www.accion.org/content/statistical-reports
 +
https://www.accion.org/impact-and-key-statistics
 +
*Personal savings
  
−
Clinton:
+
''Managing Labor Expansion Effectively''
−
*Cut red tape in process to start businesses
+
*http://www.paychex.com/jobs-index/index.aspx
−
*Provide tax relief and simplify tax filing
 
−
*Encourage tapping of new markets
 
−
*Improve access to capital by easing burdens on community banks
 
−
*Use innovative new platforms so companies can sell anywhere in America and the world (e.g. Amazon and Ebay)
 
−
*Easing burdens on community banks that provide credit to small-business owners and families looking to invest in their futures—without compromising protections for consumers or introducing new risks into the financial system
 
−
(HCW SB)
 
−
*Wants to increase the federal minimum wage
 
−
*Wants to work to pass the paycheck fairness act to increase gender parity in the US
 
−
(WP2)
 
  
−
Sanders:
+
Navigating Health Care Regulation
−
*Reform the patent system to protect innovations
+
*Understanding the affordable care act and its impacts on employment
−
*Visa reform , proposing the creation of a new visa for foreign skilled workers and entrepreneurs
+
participating in the SHOP Exchange
−
*Wants to implement and pass legislation to instigate lower interest rates on loans, specifically, desires to grant small businesses the same rates as foreign businesses
+
negotiating on private insurance plan prices
−
*Education reform to create a better eligible workforce population
+
converting their employee group plans into individual employer-sponsored plans, such as Health Savings Accounts or Health Reimbursement Accounts (HSA’s and HRA’s)
−
*Wants to eliminate corporate donations from political campaigns
+
switching to direct primary care
−
(BSW)
+
using Workplace Wellness Programs
 +
While some of these options may be accompanied by risks, they can serve as cheaper employer coverage alternatives. [http://www.cnbc.com/2015/01/08/5-smart-ways-small-firms-can-slash-health-care-costs.html]
  
−
'''Small Businesses On What Matters:'''
+
''Understanding How to Leverage New Technologies to Attract Customers''
−
*Expansion of overtime eligibility
+
*Social media highlights for SB : https://www.aabacosmallbusiness.com/advisor/15-social-media-statistics-every-business-needs-know-001509118.html
−
*Department of labor’s legal counseling disclosure movement
+
*AT&T small business technology report : http://about.att.com/mediakit/2013techpoll
−
*Osha environmental regulation that affects manufacturing and farming
 
−
*ESBA’s retirement reform could hinder small business retirement plans
 
−
(NFIB)
 
−
*Labor compensation:
 
−
Workers Compensation Insurance • Unemployment Insurance Programs • Short-term Disability Insurance Requirements • Minimum Wage Regulations • Family Leave Regulations • Right-to-Work State • Occupational Licensing Rules
 
−
 
 
−
Cost of doing business:
 
−
Land Use Regulations • State Energy Regulations • Tort Liability Environment • Whether a State Implements Regulatory Flexibility • Telecommunication Regulations • Start-up & Filing Costs • Whether the State Is a Control
 
  
  
−
*Many of the regulatory costs are fixed costs thus businesses with 5 and 500 employees pay the same costs
 
  
 
==References==
 
==References==
Line 81: Line 57:
  
 
FORT: http://fortune.com/2016/02/10/john-kasich/
 
FORT: http://fortune.com/2016/02/10/john-kasich/
 +
 +
SBET:http://www.nfib.com/assets/SBET-February-2016.pdf
 +
 +
SBO: http://newsroom.bankofamerica.com/files/press_kit/additional/Small_Business_Owner_Report_-_Fall_2015.pdf
  
 
TCW: https://www.tedcruz.org/issues/jobs-and-opportunity/
 
TCW: https://www.tedcruz.org/issues/jobs-and-opportunity/

Latest revision as of 13:50, 6 October 2020

Small Businesses On What Matters:

  • Expansion of overtime eligibility
  • Department of labor’s legal counseling disclosure movement
  • Osha environmental regulation that affects manufacturing and farming
  • ESBA’s retirement reform could hinder small business retirement plans

(NFIB)

  • Many of the regulatory costs are fixed costs thus businesses with 5 and 500 employees pay the same costs
  • 42% of businesses surveyed say that few or no qualified individuals applied for an open position
  • Many other businesses cite that attracting customers to the business is their biggest problem

Small Businesses Want to Grow: How Can they?

Numerous reports have cited that small businesses have plans to expand within the next year. An analysis conducted by the Wallstreet Journal in January 2016, highlights fifty-four percent of small businesses surveyed say they expect their employee base to increase. Twenty-seven percent of businesses interviewed for a New York Federal Reserve report, detail plans to increase their full time staff within the next year. A report in February 2016 by the National Federation of Independent businesses however, documents forty-two percent of small business have encountered obstacles in identifying qualified applicants for open positions. Similarly, survey results indicate that numerous businesses have expectations to increase profitability and/or sales revenue, while a complimentary majority cite difficulty in attracting customers and identifying new markets. To summarize the current state of affairs, it appears that small businesses share a desire to expand both financially and physically, but face disparities in realizing that goal. This therefore prompts the question: How should small businesses go about achieving affective and meaningful growth?

Adjusting to the current state of Capital Markets

-Since the financial crisis of 2008, small business owners have encountered obstacles in accessing traditional sources of capital. https://ilsr.org/understanding-small-business-credit-crunch/ -Alternative Financing sources available to small businesses to help with growth

  • crowd funding

http://www.crowdsourcing.org/editorial/global-crowdfunding-market-to-reach-344b-in-2015-predicts-massolutions-2015cf-industry-report/45376

  • Non-proft lenders

http://www.businessnewsdaily.com/8448-best-business-loans.html https://www.accion.org/content/statistical-reports https://www.accion.org/impact-and-key-statistics

  • Personal savings

Managing Labor Expansion Effectively

Navigating Health Care Regulation

  • Understanding the affordable care act and its impacts on employment

participating in the SHOP Exchange negotiating on private insurance plan prices converting their employee group plans into individual employer-sponsored plans, such as Health Savings Accounts or Health Reimbursement Accounts (HSA’s and HRA’s) switching to direct primary care using Workplace Wellness Programs While some of these options may be accompanied by risks, they can serve as cheaper employer coverage alternatives. [1]

Understanding How to Leverage New Technologies to Attract Customers


References

BizJ: http://www.bizjournals.com/bizjournals/washingtonbureau/2015/12/john-kasich-small-business-interview-for-president.html

BSW: http://feelthebern.org/bernie-sanders-on-small-business-and-entrepreneurship/

DTW1: https://www.donaldjtrump.com/positions/tax-reform

Forbes:http://www.forbes.com/sites/rohitarora/2016/02/29/why-donald-trump-would-be-the-worst-president-for-small-business/#3a4cd26a1c0f

HCW-SB: https://www.hillaryclinton.com/issues/small-business/

FORT: http://fortune.com/2016/02/10/john-kasich/

SBET:http://www.nfib.com/assets/SBET-February-2016.pdf

SBO: http://newsroom.bankofamerica.com/files/press_kit/additional/Small_Business_Owner_Report_-_Fall_2015.pdf

TCW: https://www.tedcruz.org/issues/jobs-and-opportunity/

WP: https://www.washingtonpost.com/news/on-small-business/wp/2015/03/23/what-a-ted-cruz-white-house-could-mean-for- businesses/

WP2: https://www.washingtonpost.com/news/on-small-business/wp/2015/10/22/gene-marks-why-hillary-clinton-could-be-your-small-business-president/

Retrieved from "http://www.edegan.com/mediawiki/index.php?title=Small_Business_Blog_Post_Material&oldid=48000"