Small Business News #1
It’s a brand new year and it’s time for a brand new edition of small business news. It may be only January but there’s a lot going on in the world of small business. Here’s what’s happening now!
Job Cuts
According to a report released by payroll-processing firm Automatic Data Processing, small businesses cut 25,000 jobs in the month of December. This is the 23rd consecutive month of cuts for small businesses; however, it is the lowest number of jobs cut since July 2008.
Many small business owners are attempting to expand their businesses, which would require hiring more employees. Unfortunately, bank lending has yet to rebound, leaving a significant amount of these small business owners without the funds they need to expand and preventing them from hiring additional employees.
Suggestion:
Small business owners searching for business funds to expand their businesses and hire additional employees should apply for a business cash advance. They can get up to $500,000 which can be used with no restrictions. These funds could improve their businesses and potentially improve the economy, helping to lower unemployment.
Pay Increases
Based on the findings from individual surveys conducted by five different companies (Conference Board, Hewitt Associates, WorldatWork, Watson Wyatt Data Services and Mercer) salaries are poised to increase in 2010.
Each survey projected employee pay increases from 2.6% to 3.3%
Do you plan to increase your employees’ pay this year?
Current Small Business Bestsellers at Barnes & Noble
1. E-Myth Revisited : Why Most Small Businesses Don’t Work and What to Do about It by Michael E. Gerber
2. QuickBooks 2010 The Official Guide by Leslie Capachietti
3. The Small Business Owner’s Manual: Everything You Need to Know to Start up and Run Your Business by Joe Kennedy
4. Power of 2 : How to Make the Most of Your Partnerships at Work and in Life by Rodd Wagner
5. Training Camp : What the Best Do Better Than Everyone Else by Jon Gordon
