After months of encouraging jobs reports, the number of new jobs to come online in March of 2012 plummeted. This is just one example of how difficult the nation’s economy is to navigate since the 2008 and 2009 crisis.
Each month the Small Business Authority Market Sentiment Survey conducts a survey gauging the overall feeling of small business owners around the country. 1,000 small business owners are surveyed at the beginning of each month asking questions about their views on the economy. Asking somebody how they feel might seem largely unscientific but the sentiment […]
When the stock market loses 20% of its value, very few negative effects are immediately felt in the small business community but if you recently formed an LLC or own a business startup you, as well as most of the nation’s business owners are certainly apprehensive wondering what’s next.
With the economy the main focus of the upcoming 2012 elections, pollsters are providing small business owners a multitude of valuable information regarding the economy. In nearly every business, the way people feel about the economy drives their purchasing decisions. When the economy is seen as strong, spending rises but when it is viewed as […]
The statistics are not encouraging. In fact, they’re enough to evoke fear in the new business owner. Most small businesses who start this year won’t be in business in 10 years. Most will fail and although it’s easy to blame the economy, the economy is only a small part. The issues may be much more […]
There’s no doubt that the restaurant industry is an exciting place. When you open a restaurant, you have dreams of becoming a popular figure in your neighborhood or even your entire town. Many new corporations are created for the purpose of establishing a restaurant. Yet, the failure rate of restaurants is high in a tight […]
The uncertainties an entrepreneur encounters when starting a business should not become causes of stress. The biggest concern is usually the state of the economy, which is something so large it’s beyond the control of any single business owner. This issue keeps aspiring entrepreneurs up at night.
A weakened economy provides many advantages for the ambitious entrepreneur ready to start a new business. This is mostly a consequence of turmoil among existing businesses when a recession hits. The entrenched competitors are deep in debt and can’t react quickly enough to reduce costs.