Keyword: smallbusiness

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  • Small businesses booming, 84% see another good year....

    05/07/2019 10:56:02 AM PDT · by caww · 9 replies
    washingtonexaminer ^ | 5/6/2019 | Paul Bedford
    Main Street small businesses, boosted by the surging economy, are forecasting another good year. The latest Wells Fargo/Gallup Small Business Survey found that 84% believe their company’s financial situation “will be either very good or somewhat good one year from now.” Also, nearly 80% call their current fiscal situation very or somewhat good. And seven-in-10 told the survey that they are “more optimistic than pessimistic” about the next 12 months. The survey results come as the economy continues to hum at an unexpected 3.2% growth rate and as job creation expands. Unemployment is at a 49-year low.
  • Low unemployment is great — unless you're a small business looking for workers

    05/06/2019 11:08:23 AM PDT · by Beave Meister · 49 replies
    NBC News ^ | 5/3/2019 | Martha C. White
    Next week is National Small Business Week, but owners aren’t likely to spend it celebrating — they’ll be too busy trying to hire workers or keep the ones they have from defecting to bigger firms. With a 3.6 percent unemployment rate, the lowest since December 1969, the labor market continues to thrive. “This is a worker’s job market,” said Moody’s Analytics Chief Economist Mark Zandi. But Zandi adds that this is less-than-good news for the small companies that comprise the vast majority of U.S. businesses. “The risk or the concern would be at some point that businesses start to come...
  • Imagine if the Media Had as Much Sympathy for Small Business Owners as it Does for Federal Employees

    01/18/2019 1:01:00 PM PST · by SeekAndFind · 27 replies
    Mises Institute ^ | 01/18/2019 | Ryan McMaken
    During this partial government shutdown, it's become nearly impossible to avoid news articles, and segments on television and radio outlining the many ways that federal employees are apparently suffering financially as a result of the partial government shutdown.The stories are very diverse in topic. Some take a "human interest story" angle, simply looking at how the daily lives of some of these employees have been affected. Others look at the apparent injustice of the fact that some workers are "being told to work without pay." Still other suggest that the lack of federal paychecks will drive down economic growth figures....
  • Mugging Taxpayers in the Swamp

    12/29/2018 10:51:55 AM PST · by Kaslin · 3 replies ^ | December 29, 2018 | Peter Ferrera
    The big dollar muggings in Washington these days are not done with pistols. The sophisticated weapons of choice are “sole source contracting,” lobbyists, and insiders. And the victims are not tourists, but taxpayers. Large multinationals game the system using the revolving door between government and the private sector, with the help of aggressive lobbying. There are so many examples, but one is the fourth largest privately- owned company in the United States, Deloitte Touche Tohmatsu Limited, which originated as one of the biggest accounting companies in America. Today they are masters of the D.C. contracting game with sole source contracting....
  • Big Government Overregulation Threatens Small Business Lifeblood of the Economy

    12/08/2018 12:49:35 PM PST · by Kaslin · 10 replies ^ | December 8, 2018 | Peter Ferrera
    Dodd-Frank overregulation caused increased concentration in banking, squeezing out smaller banks in favor of bigger banks that could more easily absorb increasing regulatory costs. That naturally restricted credit to smaller businesses that were more regularly served by smaller, more regional banks, more likely to have developed relations with small local businesses. But in typical abundance of centralized bureaucrat overcaution, Dodd Frank over regulation also clamped down more harshly on small business lending as inherently more risky. More risky it is. But small business is also the lifeblood of the economy, as small business has long generated most new jobs in...
  • Small Business Optimism Shatters Record Previously Set 35 Years Ago

    09/11/2018 6:28:58 AM PDT · by edwinland · 3 replies
    NFIB ^ | Sept. 11, 2018 | NFIB
    Stock indices are hitting new highs as the economy keeps producing good numbers. New heights of small business optimism contradicts the convential storyline that the recovery is losing stream, that we should prepare ourselves for the downturn. Worriers focus on the role of FAANG stocks driving the market higher. But recently, the Russell 2000, a “small company” stock index began posting record gains as well, based on very favorable profit reports for small businesses. The “small cap” companies in the Index are much larger than NFIB members, but their experience mirrors the record reports of rising profits among NFIB members....
  • Barbershop Workers Quit After California Supreme Court Ruling

    09/09/2018 2:29:00 PM PDT · by lowbridge · 87 replies ^ | September 7, 2018 | Angela Greenwood
    Some small businesses are scrambling to figure out how to stay afloat after a high court ruling. A recent California Supreme Court decision is changing the way independent contractors are classified, and it’s already having a big impact on local shops. May fear it will hurt millions of workers and affect businesses’ bottom lines. The work doesn’t stop at Downtown Sacramento’s Bottle and Barlow, even if it became a one-man shop. “I lost my entire staff,” said owner Anthony Gianotti. He says all seven of his barbers quit after a state supreme court ruling that will change their way of work. “It doesn’t just affect...
  • Wow! African American Small Business Ownership Up 400% in a Year, Survey Reveals

    08/24/2018 9:14:55 AM PDT · by SeekAndFind · 14 replies
    Small Business Trends ^ | 08/23/2018 | by Gabrielle Pickard-Whitehead
    The number of African American small business owners in the United States has increased by a staggering 400% in just a year. This was the finding of a survey from the small business financing company, Guidant Financial.The State of a Small Business survey interviewed more than 2,600 small business owners and entrepreneurs, both male and female. African American Small Business Statistics The survey found that in 2018, 45% of small business owners were minority ethnic groups. This was already a dramatic increase from 2015, when the amount of minority business owners was just 15%. The biggest increase among minority small business owners...
  • More WINNING: Record number of small biz firms hire in July in Trump economy

    08/06/2018 10:02:55 AM PDT · by SleeperCatcher · 6 replies
    The National Sentinel ^ | 8/5/18 | USA Features
    Trump Economy: During his 2016 campaign, then-GOP candidate Donald Trump was mocked by Democrats (and some Republicans) for claiming that, under his leadership, Americans would get “tired of winning.” Well, there’s no sign most Americans have reached that point, but there is plenty of evidence that our country and our people are definitely winning under POTUS Trump’s economic leadership.
  • Nurturing a small business boon

    06/30/2018 11:42:54 AM PDT · by TBP · 4 replies
    The Washington Times ^ | Thursday, June 28, 2018 | Linda McMahon
    Mike Zaffaroni calls the newest piece of equipment at his landscaping company in Jacksonville, Florida, his “Tax Cut Truck.” He had long wanted to expand the services he offers to his customers and says the tax cuts President Donald J. Trump signed into law six months ago were the motivation he needed to buy the $80,000 truck and forklift. Under the Tax Cuts and Jobs Act, most small businesses will now be able to deduct 20 percent off their business income in addition to having their taxable income taxed at lower rates. And for the first five years, they’ll be...
  • Despite record high confidence, Main Street businesses can't find the workers they need

    06/14/2018 8:00:10 AM PDT · by Alas Babylon! · 94 replies
    CNBC ^ | 14 June 2018 | Kate Rogers
    A labor shortage issue is increasingly weighing on small businesses around the country. This comes despite record-high confidence on Main Street. In May, one-third of small-business owners reported job openings they could not fill, and 12 percent reported using temporary workers. Mike Fredrich shows off unmanned presses in his Manitowoc, Wisconsin, company. They're ready to start production at MCM Composites, a 55-person enterprise that makes custom thermoset molding. The only problem? Fredrich has no one to operate them. "These tools are heated to 300 degrees," he said. "But we're not running them. Had we had the people for the first...
  • Small Business Lending Declined after Dodd-Frank Passed

    06/05/2018 8:09:05 AM PDT · by reaganaut1 · 9 replies
    The Dodd–Frank Wall Street Reform and Consumer Protection Act, which was passed in the wake of the 2008 financial crisis and was designed to safeguard the banking system, appears to have made it more difficult for small businesses and entrepreneurs to obtain funding. In The Impact of the Dodd-Frank Act on Small Business (NBER Working Paper No. 24501), Michael D. Bordo and John V. Duca find that the 2010 legislation reduced the incentives for all banks to make small loans. It also raised the benefits of scale in the banking business, tilting the playing field away from small banks which...
  • Small-business confidence hits record high in 2018 after Trump tax-reform win

    03/13/2018 5:17:26 AM PDT · by SeekAndFind · 4 replies
    CNBC ^ | 03/13/2018 | Kate Rogers
    Small-business confidence is surging in 2018 as optimism rises among small-business owners about the newly enacted tax-reform package, according to the latest CNBC/SurveyMonkey Small Business Survey, released Tuesday. The CNBC/SurveyMonkey Q1 Small Business Confidence Index saw an increase of five points, from 57 to 62, a record high and the largest quarter-to-quarter move the index has seen since CNBC and SurveyMonkey began measuring last year. This is the first survey since President Donald Trump signed the Tax Cuts and Jobs Act into law on December 22, 2017. In the Q4 survey, small-business owners were split evenly on the core question...
  • NY and CA Democrats should be worried about real estate values

    01/19/2018 1:51:48 AM PST · by jmclemore · 19 replies
    Wealthy exodus to escape new tax rules worries California Democrats By Adam Ashton January 18, 2018 12:33 PM Updated 10 hours 36 minutes ago The Republican-backed federal tax bill flipped the tables on a never-ending question for California politicians: Will high taxes lead the state’s wealthiest residents to flee the Golden State for the comparable tax havens of Florida, Nevada and Texas? Republicans reliably raise that alarm when Democrats advocate for tax increases, like the 2012 and 2016 ballot initiatives that levied a new income tax on very high-earning residents. But now, with the federal tax bill cutting off...
  • Punish Poor People

    01/09/2018 9:36:37 PM PST · by Oshkalaboomboom · 5 replies ^ | Jan 10, 2018 | John Stossel
    Store owner Kamal Saleh was just hit with thousands of dollars in fines. His crime? He sold three cigars for $8.89. "Too cheap!" say New York City bureaucrats. "The cigars should have cost 11 cents more." Politicians want you to spend more for tobacco. They decided this after anti-smoking crusader Dr. Kurt Ribisl told the Centers for Disease Control, "Higher prices will deter children from smoking." A pit of socialist micromanagers called the New York City Council quickly embraced the idea. "It's also being considered very seriously in a number of jurisdictions in California," Ribisl told me. When health totalitarians...
  • 8 Christmas Gifts You Can Buy From Veteran-Owned Businesses

    12/11/2017 9:32:25 PM PST · by wildwoodla · 15 replies
    The Federalist ^ | December 11, 2017 | Lisa De Pasquale
    Several veterans are finding personal and financial fulfillment as small business owners offering quality products. Christmas is the perfect time to shop with them.
  • How the GOP Tax Plan Can Help Small Businesses More

    11/28/2017 4:13:53 AM PST · by Kaslin · 10 replies ^ | November 28, 2017 | Stephen Moore
    Wisconsin Sen. Ron Johnson has caused a bit of a hullabaloo by complaining that small businesses don't get the benefits that corporations do in the GOP tax plan. Johnson has credibility here because he is one of those rare breeds in Congress who actually knows something about running a business, having done so for nearly 30 years. Sen. Johnson's beef with the House plan is that the effective tax rate on a successful small business would be almost 36 percent (as opposed to 39.6 percent today), compared with the new 20 percent rate for a corporation, such as General Electric...
  • A Lifetime of Taxes Is Enough

    10/24/2017 4:26:52 AM PDT · by Kaslin · 23 replies ^ | October 24, 2017 | Stephen Moore
    My father built a small business from scratch with years of sweat equity and many weeks and months away from home. He employed about 100 people, and by the end of his working years, the business was highly successful. He became a millionaire. He lived the American dream. He sold a product that people wanted, provided a solid income for many families and gave lots of money to our church and numerous other charities. And every year he paid his taxes. Over the course of his lifetime, he paid millions of dollars in income taxes, sales taxes, payroll taxes, property...
  • Health benefit offers from small businesses keep vanishing

    09/19/2017 7:55:43 PM PDT · by Olog-hai · 9 replies
    Associated Press ^ | Sep 19, 2017 4:12 PM EDT | Tom Murphy
    Only half of America’s smallest businesses now offer health coverage to their workers because many say steady cost hikes have made it too expensive to afford a benefit that nearly all large employers still provide. The Kaiser Family Foundation said Tuesday that 50 percent of companies with three to 49 employees offered coverage this year. That’s down from 59 percent in 2012 and 66 percent more than a decade ago. “There’s just not as much money around for compensation, including benefits,” said Gary Claxton, a Kaiser vice president and lead author of the nonprofit health policy organization’s annual health benefits...
  • Amid Harvey recovery, small businesses roll up sleeves and get back to work

    09/08/2017 2:36:59 PM PDT · by Jagermonster · 6 replies
    The Christian Science Monitor ^ | September 8, 2017 | Henry Gass, Carmen K. Sisson
    As the nation gears up for another major storm bearing down on Florida, and continues to assess the damage from Harvey, small businesses are helping lead the city’s recovery – providing not only helping hands in the rebuilding effort, but a precious sense of normality. HOUSTON AND DANEVANG, TEXAS Even for a farmer, there is such a thing as too much water. Sweat dripping from under his red, white, and blue cowboy hat, Guy Mouelet is standing in his farm at the corner of Fondren Road and Willowbend Boulevard here, taking a break between giant hacks with his shovel at...