Our weekly roundup of the most relevant articles this week in the small business world.
Many former service men and women are entrepreneurs. In fact, veteran-owned firms represent 9% of all U.S. firms, according to the U.S. Census Bureau. Of the 26 million veterans in the United States, nearly 2.5 million vets own small businesses, and those companies employ nearly 6 million workers.
According to the latest United States Census Bureau employment data, of the 6,795,015 small businesses with employees, 2,894,288 have four or less employees. Some stay that small by design, while others may not have grown because they don’t know how to expand their businesses effectively.
In a recent discussion on the state of small business, White House National Economic Council Director Larry Kudlow insisted the impact of the current trade war between the U.S. and China on small businesses would be minor. Kudlow went as far as to say the economic growth would remain strong.
Small businesses represent one of the single biggest pools of accounting firm clients, so knowing what they think and how they’re doing is critical for accountants.
Our team works with small business owners as well as individuals, trusts and foundations. For small business owners, managing the bottom line of their company is often a top priority.
The labor market has become very tight and competition for available workers has pushed wages higher while giving workers — especially those in retail and other seasonally high demand positions — leverage. Major companies are offering potential seasonal workers added discounts, bonuses, and other perks to get them to sign on.
News of another mass shooting, including the recent attack on a synagogue in Pittsburgh, makes many people wonder what they would do if confronted with an active shooter or other assailant. And small business owners may wonder how they can prepare their companies to deal with a possible attack.
Two years ago, I wrote a column on how small businesses could best use Instagram to grow their businesses. Geez, does that seem a long time ago now. Social media changes faster than Beyoncé changes outfits. There’s a lot you need to catch up on if you want to take advantage of the benefits of Instagram for growing your small business.
Despite the challenges of operating a small business, more employees feel they are having more fun working for small businesses than working for big businesses.
Yep, the perception out there is that it’s a lot more fun to work for a small business than a big one. At least that’s what a recent small businesses happiness survey by voluntary insurance firm Aflac found.