economic recovery
Business Week, The Economist on the Trickle Down Recovery
We've posted in the past on large corporations recovering more quickly from the Great Recession than smaller businesses. Two recent mainstream media articles discuss this: The Perils of Being Small from the Economist reports on small businesses shed jobs at a higher rate than large corporations during the recession and have been... [read more]
The "Trickle Down" Economic Recovery
The economy continues to improve and economists are becoming more optimistic about near term economic growth and job creation. Data from several sources is showing that smaller small businesses are starting to see the effects of the recovery. The April Discover Small Business Watch, a survey of firms with fewer than 5... [read more]
Information Velocity and Economic Recovery
In the fall of 2008 business almost seemed to stop. Companies cancelled orders, quit hiring, and stopped paying suppliers. Stocks fell, consumers quickly cut their spending, and there was substantial fear the global economy was facing another great depression. While the causes and responses to the recession... [read more]
It’s your Business so do what you want to-Part One
*This is Part One of a 2-part post: It’s your Business so do what you want to. PART ONE: It IS your Business so do what YOU want to. Sometimes when people are asked to choose between two kinds of news, good and bad, they will take the bad first, to get it over with so they can end the conversation on a more pleasant note. ... [read more]
Standing for the tiny business sector
There's a business segment I’d like to hear and read more about – the tiny business sector. Businesses with 10 or fewer employees. Businesses with only one person - the solopreneur. Just like the newsboy in the photo, there are millions of people working [or trying to] around the world to make their living out of their home office or... [read more]
Dear Santa, please bring economic recovery…
By Alora ChistiakoffI have a friend who, until a year ago, was living in a small Appalachian town. She had hoped to open a small cafe, in response to the lack of social venues in the rural community. Unfortunately, the former mining town has not been able to find a new source of economic stability, and so she changed her plans and moved... [read more]
End of a Worrisome Week on the Employment Front
The official unemployment numbers are just out for October, and the data reinforces all of the worrisome surveys that have been coming out all week:The unemployment rate rose to 10.2% in October, from 9.8% in September.The unemployment rate was 4.9% at the start of the recession in December, 2007.There were 15.7 million unemployed... [read more]
More on October Employment in Small Business
The NFIB has just released their employment report for October. It is consistent with other reports we are seeing this week.William C. Dunkelberg, chief economist for the NFIB, issued the following statement:"Once again, the 'good news' is less bad news. Small business owners in October reported a decline in average employment per firm... [read more]
Is The US Economy Really Improving?
I keep hearing that the US economy is showing signs of improvement. But, where am I hearing that? Cable news networks Some newspapers Some small business owners I'm also hearing the opposite. I'm hearing some negative economic news from: Local franchisees Sales managers Auto dealers Family friends Who should I... [read more]
Putting Things in Perspective
As we begin to peel back the onion and look at what the latest economic numbers are really telling us, the numbers are concerning.Although the GDP grew 3.5 percent in the third quarter, this may not be a harbinger of good things to come. From James Pethokoukis with Reuters:While the new report showed the economy shifting into recovery... [read more]
4 Ways the Great Recession is Not Over
I have been a watch wearer since I was 13. Last year, when the batteries in all my watches died, I stopped wearing a watch. I joked that I would not wear a watch again until the recession was over since I did not want to know how long it was going to last. Well, the news services reported this morning the economy grew at 3.5% in the... [read more]
Small Business Executives See Economy Improving
Reuters reports on a survey of small business CEOs and senior executives by Chase Card Services at the annual Inc. 500/5000 event. The survey found that 4 out 5 are currently pursuing moderate to aggressive growth strategies. They are doing this because most feel the economy is improving. Other findings include: 75%... [read more]
Is This Recession Over Yet?
By Frank ReedWe appear to be caught in a rut as of late. No one wants to make a definitive statement as to whether or not the recession / slow down / depression / aberration or whatever we call this thing is over or not. Depending on who you talk to we can either be on the edge of a recovery or the edge of a cliff. Is there a way to... [read more]
Reclaim, Restore, Renew: A 3-Stage Strategy for Recovery in 2010
For many industries, 2010 will bring a distinct improvement in the trading environment. For individual companies within each industry - that's you and me - the manner in which they respond during 2010 will lay the foundation for success (or otherwise) for the next five to ten years. There are three ways to respond to economic recovery,... [read more]
An Uneven Recovery will be Followed by a New Economic Reality
Here is my column from today's Tennessean. Happy Father's Day!In its monthly surveys of small business owners, the National Federation of Independent Business found that small businesses have been feeling a bit more optimistic the past two months. The results seem to suggest that entrepreneurs are beginning to believe that the worst may... [read more]
Warren Buffett’s Response to the Question, “Will Everything Be All Right?”
I just returned from England, where the bite marks of the omnipresent recession are more evident than in Super, Natural British Columbia. Flying home, I was once again reminded of the upside of this recession; the benefits, as it were, of the half-full glass. For example, the interest in DollarMakers services and products is growing... [read more]
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