News (2428)
Cloud-Based VoIP Delivers Huge Benefits for Small to Medium-Sized Businesses
There are more than 29.6 million small businesses on record in the United States.1 The United States Small Business Administration Office of Advocacy’s Small Business Profile also indicated that in the second quarter of 2015 alone, there were 234,000 establishments that started up.1 These small businesses cover all types of industries, including professional services, construction, health care and social assistance, retail trade, transportation, manufacturing, food services, utilities, educational services and so many more.
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Surveys Improve Operations
According to CBS Local, surveys are a great way for small businesses to improve their overall operations. Services like SurveyMonkey make creating and dispensing surveys easier than ever.
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Business Lending Rises
Small business lending reached an all time high in 2017, reports the Washington Post. The online lending marketplace Biz2Credit found that 25 percent of big bank small business loans were approved.
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Small Businesses Feel Positive About Economy
According to Fox Business, business owners are feeling optimistic. A new survey by the National Small Business Association and ZipRecruiter found that 60 percent of respondents anticipate that the economy will grow in the next 12 months.
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Keep Business Records for 7 Years
According to the Herald Palladium, for tax purposes small businesses should keep records such as expenses, income and bank statements for a minimum of seven years.
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Former NFL Players Turn to Small Businesses
After retiring from the NFL many former players become small business owners, reports Small Business Trends. Around 23% of former players now own a small business.
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Instagram Gets More Business Friendly
Instagram is now more useful to small business social media managers, reports. The social media platform now allows business users to schedule their posts in advance.
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Time to Get a Business Credit Card
After a certain point it is no longer a good idea to put your business expenses on your personal credit card, reports the Farmington Daily Times. One reason, is if you have employees who will also be charging items or you need to build business credit.
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Small Businesses Benefit from Tax Cut
The recent tax cut could mean gains for pass through businesses, reports Dallas News. Although there is still uncertainty about how much benefit those businesses will gain.
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Small Business Lending is Up
According to Mercury Business, lending to small businesses is up in the Philadelphia area. The Small Business Administration loans were up by 40% in the first quarter of the fiscal year (which runs 10/01/2017-12/31/17).
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