The market rally from the March 2009 lows to the end of July has left some people forgetting that we are still in a recession. Although most economists believe the recession will end before 2009 is over, small businesses still have a number of problems to be concerned about. The "recession" from small businesses may last long into the economic recovery. For why and solutions we invite you to read on.
A discussion of the pros and cons of business grants compared to the pros and cons of the newly government-administered SBA ARC loans. Small businesses are an important part of the American economy.
Corporate governance is most often associated to public corporations. There is much to do in the media and legislation focusing on companies in the publicly traded markets, yet the U.S. economy is driven by 27 million small businesses.
There are views about the relevance of modern finance which is usually tailored or formulated with the view of large organisations in mind thereby ignoring small enterprises (McMahon et al, 1993). Thus, there is the view that small enterprise financial management has not been developed with the small enterprise in mind. Perry and Pendleton (1983) gave estimation that 50% of small businesses worldwide fail within 2 years of being opened and only 20% survive up to 10 years. A more popular longitudinal study of "small business enterprises' start and closures" by Williams (1987) report that on a study of 13,780 start-ups over a 13 year period from 1973 to 1985, there were over 59% failures and only 41% survivors.
Is your small business struggling in this recession economy? No problem. Very soon you will be able to pop an entrepreneurial pill to rewire your brain for success. But in the meantime, until the pill hits the market, here are 5 action steps you can take to keep your business alive and thriving.
In these troubled economic times, the question is whether any bank or financial institution is making loans to small businesses. This article will discuss if the federal government will bail out a business if it cannot pay back its business loan under the the new Stimulus Bill.
The SBA recently made some changes to how small businesses can compete in the federal marketplace, leading to some false beliefs. An examination which clears up some of the false beliefs about the change in Small Business Association guidelines and how it affects businesses trying to do work with the government.
After the Stimulus Bill, the question is whether any bank or financial institution is making loans to small businesses. This article, in four parts, will discuss what loans are available. Anyone remotely involved with small businesses, whether as a consultant, lender, supplier, leasing specialist, trade association, or simply as a consumer who is tired of driving by sections of town and wondering why your favorite business unceremoniously threw in the towel, would very much like to hear some good news. Not to mention the small business owner itself.
With tax time nearly upon us, many small businesses and first time entrepreneurs are scrambling to get their accounting information straightened out in order to file on time. When many small business owners think of accounting, they tend to associate it with income tax preparation and filing. The accounting for your small business should not be relegated to tax time. Accounting information can help business owners make better decisions, and improve the management of their business.
Buying a small business accounting or bookkeeping software is a big decision. There is a bewildering array of small business software available. Read this article to choose the right on for your business.
Many small businesses simply don't have the resources to build - let alone maintain - a network that will adequately take care of business needs. Many small businesses wind up with a mismatch of different parts put together piece by piece by whichever technician was available at any given time and was offering the right price.
Though small business security may not have been a priority in the past, modern life demands that entrepreneurs take the time and trouble to adopt reliable small business security measures and systems.
When you're ready to start your own small business, one of the first thoughts that comes to mind is how to fund the business start up. After all, starting a business usually involves buying supplies, getting licensed, possibly renting office, retail or warehouse space, and so on. If you're starting a small business which will involve selling products, then you also need funding to buy your initial sales stock too. And that's where small business loans tend to be a huge help.
A small business start up marks the beginning of the business which is categorized in small business. A small business can be corporation, partnership or a proprietor owned with a small amount of manpower and funding. In America, a small business start up comprises of less than 100 employees, whereas in UK it has less than 50 workers.
If the business employs less than a hundred, is owned and operated independently, and not the market leader in the industry where it belongs, then it is considered a small business. These are some of the criteria of the U.S. Small Business Administration (SBA) defining a small business.
Using a combination of sources to finance your small business can provide you with more funds than simply relying on a bank loan. Consider the array of financing options with starting, maintaining and/or expanding your small business.
Global Edge defines a strategic alliance as a "collaborative agreement between two companies designed to achieve some strategic goal." Traditionally, strategic alliances take place between larger companies and encompass formal arrangements such as "international licensing agreements, management contracts, and joint ventures" - but more and more small businesses are banding together in less formal ways to form strategic partnerships of their own. What are some of the benefits of forming small business strategic alliances? As a small business owner, how can you reach out to start conversations with potential allies and what should you look for in a strategic partner?
Business coaching is a relatively new discipline. As a result, many small business owners are probably not aware of the coaching process and why they might consider coaching as a resource to fuel their business growth and personal leadership development. What benefits can a coach bring to you and your small business? Will a coach help you become more effective in the day to day management of your small business? What specific skills or experience should you look for in a business coach?
Small business subcontracting plans necessarily mean a large business enterprise sub letting or taking help from small businesses. In large business outfits, the amount of office supplies is great hence a small business firm is contacted and a contract is signed with them to provide office materials regularly.
Small businesses are usually sole proprietorships, partnerships or privately owned corporations. They employ a small number of employees and often do not have financial turnovers as large as those of large multinational companies. Small businesses are present in every industry. Ranging from interior designing to jewelry sales and even pet services, it is hard to avoid any of these businesses in our daily lives.
We expect a degree of corruption, arrogance and drooling self-interest from our elected officials. However, we could have more respect for the operatives, the party-men and the politicos themselves if they could be just a little intelligent about it. Don't they know that giving big businesses the contracts set aside for small business is a felony?
Outsourcing small business bookkeeping needs can help you avoid the mistakes of bookkeeping. By allowing an experienced bookkeeper to handle your small business bookkeeping needs, all the information you need will be available at your fingertips the moment you ask for it. Many companies today are making a move to outsource jobs to offshore destinations because it provides a more reliable and accurate way of handling small business bookkeeping.
A small business network can become your most valuable small business strategy. Build a small business network to help you with the challenges you face in managing and growing your business.
When different people are using the phrase 'small business', do they refer to a common set of definitions? Like, how many employees are listed in the payroll? Or, the number of years it's operative?
When running a small business, resources to help you plan, maintain and succeed in your business are pretty plentiful. Yet, like many other things in life, some are better than others. Knowing which ones work, or offer the most useful information, can often be like looking for a needle in a haystack. So here, in no particular order, are my Top 5 resources for small businesses.
