#SBW2014 (small business week 2014) was a great experience for us. We had the opportunity to learn some pretty amazing things about small businesses, as well as make some social networking progress (here’s the blog post). In case you missed anything, we wanted to share the links to some of our favorite articles that we come across last week. Check ‘em out!
According to a survey released by Bank of America, 68% of small business owners said they expect revenue to increase in the next 12 months, but they still have conservative hiring plans and little appetite for loans.
We do love our “mom & pop” businesses, but large corporations help keep our economy in shape. Even so, according to a report by the Kauffman Foundation’s Paul Kedrosky, nearly every year since 1980, between 125 and 250 companies have been founded that went on to earn at least $100 million in annual revenue.
“The National Federation of Independent Business said on Tuesday its Small Business Optimism Index rose 1.8 points to 95.2 last month, the highest reading since October 2007, when the economy was on the cusp of its worst recession since the 1930s.”
The top 3 small business challenges for 2014: healthcare, employee compensation, and cyber security. There are increased attacks aimed at small businesses online. “Small businesses are often seen as easy targets and can also be viewed as a gateway to gain access to a larger company’s data.” If you want to accept credit cards on your website, give us a call. We can help explain all the necessary security precautions, from SSL to Address Verification.
This was a fantastic article packed full of statistics (we love statistics!). Here were some of our favorites:
- A Small Business Administration (SBA) report found that, between 2009 and 2011, small businesses were responsible for 67 percent of all new jobs created in the United States.
- Small businesses are often early adopters of mobile technologies, and have jumped headfirst into trends like social media marketing, crowdsourcing, and hiring remote employees.
- The SBA defines a small business, with a few exceptions, as “an independent business having fewer than 500 employees.” But much of the growth in the small business sector is fueled by businesses that have far fewer than 500 employees. In fact, many small businesses have no more than four employees.
- A 2012 SBA report found that, of the more than 27 million small businesses currently in operation in the U.S., approximately 7.8 million of them were owned and operated by women. More than 4.5 million small businesses are owned equally by men and women.
That sums up our #SBW2014! We hope you found some of this helpful, & we can’t wait to celebrate with you again in 2015!