More than one third
of business owners said they expect to decrease capital spending in the year ahead, an increase of about 10 percentage points from the previous quarter.
New hires make the decision whether they want to stay with an organization within their first year of employment, 90 percent
of business owners said in Aberdeen's New Hire Onboarding 2013: A Look At New Hires Report.
Similarly, 72 percent
of business owners said they expect their financial situation 12 months from now to be good, an increase of one percentage point from the first quarter; 11 percent said they expect their situation to be poor, a decrease of one percentage point from the first quarter.
A number
of business owners say the company's salespeople convinced them to sign up for its CreditBuilder credit - rehab service by telling them that their credit ratings had gone down.
Eighty percent
of business owners said they are optimistic about the financial outlook of their businesses over the next 12 months, and 71 percent
of business owners said their businesses had improved over the last year.
More than half (57 percent) said the national economy has improved over the last year, and about a quarter
of business owners said their businesses had benefited a great deal from the improved national economy over the past year.
In a recent survey, 70 %
of business owners said they wanted to use teleseminars as part of their marketing, but 70 % also said they'd never done a teleseminar.
Not exact matches
«What has upset
business owners more than anything are the comparisons made between the income
of small
business owners and that
of employees,» Dan Kelly, the federation's president,
said in an op - ed published at the Huffington Post on Aug. 25.
Said Connie Steele, director
of Network Solutions: «Social media can be the best friend for small
business owners who constantly seek new ways to attract new customers and retain the ones they have at a relatively low cost.»
Expanding coverage for small
business owners is one
of the main reasons for passing the legislation, its supporters
say.
Beyond this sense
of optimism, seven out
of 10
business owners said they fared the same or better than they did a year ago in the fourth quarter.
How to Build Better
Business Relationships: Be Honest «As a small business owner, it's important that people see me as expert in my field,» says Amy Harcourt of Definitive Ma
Business Relationships: Be Honest «As a small
business owner, it's important that people see me as expert in my field,» says Amy Harcourt of Definitive Ma
business owner, it's important that people see me as expert in my field,»
says Amy Harcourt
of Definitive Marketing.
According to the Wells Fargo / Gallup study, women
business owners said their top three sources
of initial funding for their
business are cash or savings (85 percent), personal credit cards (37 percent) and financial gifts or support from family or friends (29 percent).
More than 60 percent
of the 320 women
business owners surveyed by Forbes Insight and KeyBank's Key4Woman
said that they don't track social media to find out what they're customers are
saying about them.
Of the respondents who are already
business owners and live in highly - developed economies, 78 percent
said they choose to launch their ventures because they saw opportunities, not because they were forced to by economic necessity.
«One
of the reasons
business owners innovate and start
businesses and try to create something new is the potential for a reward down the road,»
says Kelly.
Sometimes I hear from
business owners who
say it's difficult getting hold
of their CPA, particularly during tax season.
«As a
business owner and trial attorney, anxiety is a natural and healthy thing,»
says Robert May, founder
of The May Firm.
Blake
says that going forward, one solution might be to present options in addition to just the APR, to help
business owners really understand the cost
of the funds they're borrowing.
«Without strong relationships, it is impossible to have success as a
business owner,»
says Michael Denisoff, who is the founder and CEO
of Denisoff Consulting Group in Redondo Beach, California.
«For a lot
of small
business owners [starting out], it was kind
of sink or swim — it was trial by fire,»
says Espinoza.
The difference is that in an S corp,
owners pay themselves salaries plus receive dividends from any additional profits the corporation may earn, while an LLC is a «pass - through entity,» which means that all the income and expenses from the
business get reported on the LLC operator's personal income tax return,
says Ebong Eka, a CPA who also pens his own blog about the world
of entrepreneurship at MoneyMentoringMinutes.com.
Space Small
business owners «wear so many hats, they usually have pretty limited support staff, and they're idea factories,»
says Julie Morgensten, a productivity consultant and the author
of Organizing from the Inside Out.
But doing something exciting outside
of work «to rebalance the boredom
of 9 - to - 5» will only get you so far,
said Maite Baron, chief executive officer at The Corporate Escape, a London - based career - transition consultancy that helps disillusioned employees become
business owners, in an email.
This survey sums up some major points from small
business owners including: 47 %
of small
business owners say -LSB-...]
«The biggest unused Twitter resource for small
business owners is the search.twitter.com function,»
says Alexis Wolfer, founder and editor - in - chief
of TheBeautyBean.com.
«The percentage
of owners citing the difficulty
of finding qualified workers as their most important
business problem increased and is now third on the list, behind taxes and regulations,» Bill Dunkelberg, the chief economist for NFIB
said in a press release.
Aside from uploading new photos
of inventory, the experts
say business owners should seek to become active in the online community.
Lembree
says that
business owners with a proclivity to worry that their decisions may come back to bite them down the road should play it cautiously and seek the advice
of an IP attorney.
«Years ago when I was very young,» recalls Taffer, the host
of TV show «Bar Rescue» and a former
business owner, in a recent interview with Business Insider, «a VP of Hyatt looked at me and said, «You look, but you don't see.»
business owner, in a recent interview with
Business Insider, «a VP of Hyatt looked at me and said, «You look, but you don't see.»
Business Insider, «a VP
of Hyatt looked at me and
said, «You look, but you don't see.»»
Business owners who start to do it usually find it eye - opening, rewarding, and even addictive,
says Brendan Anderson, co-founder and managing partner
of Evolution Capital Partners, a private equity firm based in Cleveland.
Anderson
says that only a small fraction
of the hundreds
of business owners he meets with every year use a formal system to track and analyze company metrics.
Many
of the 1,433 small
business owners surveyed expect to live well into their retirement years, with one in three
saying they plan to retire older than 70.
(In December 2014, 17 percent
of polled
business owners said they'd increase wages in the coming months.)
As a result, 26 percent
of business owners avoided hiring and expansion because, they
said, they were frustrated with trying to access funds.
«Together with other provisions
of the Recovery Act, ARC loans will free up capital and put more money in the hands
of small
business owners when they need it the most,» SBA Administrator Karen Gordon Mills
said in a press release.
She
said her biggest concern about Brexit is that new
business owners won't be able to take advantage
of these programs like she did.
He
said he understood that many
business owners were prevented from fully participating in the economy because
of the expense associated with setting up merchant accounts to accept credit cards.
Moreover, there is a stipulation in the proposal which
says the 25 percent pass - through rate applies only to passive
owners of these
businesses.
Mark Wolf, director
of the Guardian Life Small
Business Research Institute, says the traditional concept of retirement isn't realistic for small business
Business Research Institute,
says the traditional concept
of retirement isn't realistic for small
businessbusiness owners.
Among the things that may have contributed to future sentiments are uncertainty about the country's fiscal stability, taxes, and consumer spending, all
of which could severely impact small
business owners, Bernstein
says.
And the more time the
business owners spent running their
businesses, the more they loathed the task — 58 percent
of business owners working 60 or more hours a week
said that bookkeeping was particularly draining.
He
says: «When I'm dealing with a
business owner, I always try to point out to him or her that concentration
of assets is a very risky proposition.
But in a new survey
of 250
business owners by Bank
of America's Merrill Lynch division, only 39 %
said they used an expert — like a management consultant, financial adviser or commercial banker — to develop a succession plan.
Most puts are timed to include a three - year payout schedule, «so that it's generally not until the end
of the eighth year,»
says Shattan, «that
business owners have to come up with all that cash.»
A sizable number
of business owners (about a third)
said after selling their companies, they planned to start new
businesses.
Once you have registered in an amnesty program, all sales tax issues your company faces in the future will be under state scrutiny,
says Paul N. Gada, senior small -
business tax analyst with CCH Business Owner's Toolkit, a division of CCH Tax and Accounting in Riverwoods, I
business tax analyst with CCH
Business Owner's Toolkit, a division of CCH Tax and Accounting in Riverwoods, I
Business Owner's Toolkit, a division
of CCH Tax and Accounting in Riverwoods, Illinois.
Wyndham Worldwide Corp.,
owner of the Ramada and Days Inn brands,
said it will spin off its hotel unit into a new publicly traded company and consolidate its timeshare
business while exploring strategic alternatives for its European rental brands.
In a recent survey, 59 percent
of small
business owners said they preferred him.
This last point makes sense for some more than others,
says Drew Nordlicht, partner and managing director
of Hightower Advisors, San Diego, who advises high - net - worth
business owners.