Our weekly roundup of the most relevant articles this week in the small business world.
As labor and other costs rise at small businesses, owners need to look across their companies for ways to protect their profits. Many start with a hard look at expenses to see which they don’t really need or might be able to spend less on. Increasing income is another way to ease the impact of inflation. Read on to see the seven things owners should consider when dealing with rising prices, including what they charge customers.
Women-Owned Small Businesses Facing Growth Challenges Despite Overall Small Business Optimism Heading into the Fourth Quarter
Access to bank loans for small businesses climbed last quarter signaling strength and optimism in the economy, according to the latest Private Capital Access Index (PCA Index) from Dun & Bradstreet and Pepperdine Graziadio Business School. Fifty-five percent (55%) of surveyed businesses reported successful financing with a business bank loan, a record high since the PCA Index began in 2012. Women-owned small businesses, however, are not faring as well when qualifying for bank loans as only 18% reported bank loan financing success in the previous quarter. Read on to see the stats.
As an owner of a small business establishment, you probably know that you are likely to face a lawsuit if a person slips and falls inside your business premises. You need to be aware of certain general rules pertaining to the potential liability towards “slip and fall” accidents that could occur at your business place. As an attorney, I come across a lot of slip-and-fall cases and these are certainly the bestinstances of premises liability. As a business owner, it is your responsibility to ensure the safety of your visitors. A good understanding of the premises liability helps improve your business place safety and also avoids getting into trouble of handling lawsuits. Let us have a look at how a personal injury case could arise out of a “slip and fall” accident within your premises.
Small Business Saturday was a bomb this year, but not in a good way. While MSNBC’s J.J. Rathberg bragged on “Morning Joe” that sales on Saturday reached a record $17.8 billion, she was largely reticent about the number of people who shopped or dined that day. This year only about 104 million Americans came out to shop small, down from 108 million last year and 112 million in 2016. Instead of flocking to Main Street USA this year, shoppers were much more likely to go online or to the national retailers to take advantage of sweet deals, which were more plentiful this year, according to an analysis of 10,500 promotions across 17 major retailers conducted by Numerator, a market intelligence firm. Read the full story.