Our weekly roundup of the most relevant articles pertaining to the small business world.
The Great Recession was a difficult time to be a small business owner. In fact, the economic downturn of 2007-2009 led to the collapse of many small businesses. Downturns are hard to predict. But small business owners and entrepreneurs can certainly prepare for them.
There is a disconnect between how financially savvy small business owners think they are and how they feel about their grasp on taxes. D.C.-based B2B research firm Clutch says 30 percent of small business owners it surveyed believe they overpay their taxes and could claim more deductions and credits. But 93 percent rate themselves as somewhat or very confident in their ability to accurately file taxes.
That’s the finding of a survey of 1,000 owners conducted during June and July by the U.S. Chamber of Commerce and MetLife. An index of small-business sentiment compiled from the survey rose to 69.7 from 68.7 in a survey taken during the second quarter.
Although the idea of networking has been around for a long time, the basic idea is as valid today as ever before. Whether you connect with people in person, over the phone or via cyberspace, you need to engage with leads, prospects and customers to stay fresh in their minds.
A well-designed website can serve as a powerful marketing tool. These days, creating one for a small business is not distressing or expensive at all. Today, you can take advantage of the features provided by the best WordPress themes. There are special themes for small business-oriented websites.
Facebook has more than 2.2 billion monthly active users, making it a great place for businesses to reach consumers. Your business probably already has a Facebook page, but changes to the platform’s algorithm over the past few years has made it increasingly difficult to reach people organically.
The number of weekly hours worked by employees rose in August at small businesses, according to payroll giant Paychex, but there was a continuing decrease in the rate of growth in both small business jobs and wages last month.