“Small businesses employ the majority of American workers. We’ve gathered data from various sources to give you an idea of the big picture in the lending industry, among other small business statistics. Many small business owners are skeptical on lending and how it will affect their business, both positively and negatively. After the recession, lenders expected a drop in lending from small businesses; however, they’ve stood strong in tough times and the economy shows some signs of hope. Lending is on the rise and most lenders are now expecting more in the near future. Take a look at some of these statistics around small businesses, factoring, and SBA-backed lending and let us know what you think is in store for the future!” (more…)
The economy is, thankfully, recovering, and entrepreneurialism has played a large role in helping it along. One of the most interesting parts of this recovery, however, is the emergence of new types of industry. Businesses have found all new niches to fill, and seven industries in particular have shown substantial growth in 2013:
We aren’t really sure how business pundits come up with the prophecies they espouse on prime time cable news shows. Perhaps it has something to do with tracking the stars, seeking out the fortune teller at the local Roma encampment, and gazing misty-eyed into a magical crystal ball. Or maybe it has more to do with tracking current trends and hoping that they are applicable to a wider array of companies than currently being affected.
Of course, there is always the old “throw a dart at a piece of paper and read out the results” trick. While this method may not be quite as accurate, it seems to the go-to plan for some corporate prophets.
How else would we have gotten the following four failed business predictions over the years? (more…)
While we haven’t seen the numbers from this year’s small business Saturday, we can probably assume it was a rousing success. The campaign garnered over 2.7 Million “Likes” on Facebook and had the Twittersphere buzzing with thousands upon thousand of tweets tagged with #smallbusinesssaturday.
On Tuesday, the National Federation of Independent Businesses (NFIB) released their small business optimism index report for August. Unfortunately, the Optimism Index dropped for the sixth consecutive month. This report suggests that American small business owners are very pessimistic and uncertain about the future. This doesn’t come as a surprise for many small business owners who have voiced concerns given the current economy.
The report also suggests that small business owners aren’t optimistic because they are facing low consumer demand coupled with new regulations from Washington. High taxation and an uncertain economy contribute to the pessimism. In order to combat the growing problem, the House Small Business Committee announced Tuesday a new interactive online forum, Small Biz Open Mic, that it says gives U.S. entrepreneurs a chance to speak directly with policy makers. The site is a blog-style media forum that invites small business owners to leave comments and share stories. (more…)
It’s that time of the year: long weekend time! A time to wrap up all projects at work for the weekend, keep your Outlook unopened, and hopefully your iPhone or Blackberry will also be closed for business. Who wants to be plugged in when there are barbecue grills to fire up, pools to splash in, and road trips (insert mandatory exclamation point here:!) to hit the road with?
Surprisingly for small business owners, that answer is less than half. According to BusinessNewsDaily,about 46% of small business owners will go on a summer vacation this year. This is compared to the 67% that took vacations in 2006. Granted, it was a different time in ’06, both for the economy and gas prices. But we here at MyCorp are betting to guess that those who don’t take the time off for summer vacations might not be taking this Memorial Day weekend off either. Finding the line between career and personal life for many individuals is beginning to blur, as the digital age mandates that we stay completely plugged in, logged in, and sending auto-replies at all times. (more…)
Roozt.com is an e-commerce platform that features products solely from environmentally and socially responsible companies at 50-80% off retail value. In addition, 1% of any purchase made on its site is donated back to the non-profit of the buyer’s choice. The idea behind rootz was to create a simple online platform for amazing deals from inspiring companies you may have never heard of otherwise. Initially focused on researching, rating, and retailing products from Moral And Responsible Companies (MARCs), the MARCsMovement team soon discovered a considerably larger and unsolved pain in the industry: the need for small & medium sized socially responsible companies to gain national exposure for their awesome products and increase their customer base. Thus, Roozt.com was born. Members can save on electronics, sporting goods, shoes, and apparel while simultaneously giving back to the humanitarian world with their purchase. (more…)