Difference between revisions of "Small Business Blog Post Material"
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*Many other businesses cite that attracting customers to the business is their biggest problem | *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? | 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? | ||
Revision as of 14:37, 22 April 2016
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
- 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
References
BSW: http://feelthebern.org/bernie-sanders-on-small-business-and-entrepreneurship/
DTW1: https://www.donaldjtrump.com/positions/tax-reform
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
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/
