News (2425)
Near-Term Baby Boomer Retirements
One-fifth of the U.S. workforce has passed or is nearing retirement age, according to the Bureau of Labor Statistics, yet research suggests many executives aren't too concerned with losing baby boomer employees to retirement in the next couple of years. Only 31 percent of chief financial officers (CFOs) interviewed for a recent Robert Half survey said they were worried about this possibility. Sixty-three percent of financial executives reported being unconcerned.
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Small Business Optimism on the Decline
According to Fox News, the latest numbers released from the National Federation of Independent Businesses shows the optimism index has declined. The February Optimism Index was 91.4, which is 2.7 points lower than January.
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Online Loan Company Receives Additional Funding
OnDeck, an online lender that specializes in short term loans to small businesses, has received $77 million dollars in late stage funding. OnDeck doesn't require meeting with a loan officer, instead borrowers submit 90 days worth of cash flow information, than OnDeck uses algorithms to determine a company’s creditworthiness.
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Small Business Lending Increasing
According to ABC News, banks are increasing lending to small business. The Federal Deposit Insurance Co, reports that banks had $287.64 billion in outstanding loans to small businesses as of the end of 2013, which is up 1.4 percent from the previous year.
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Small Business Continues to Add Jobs
Inuit’s Small Business and Revenue Index shows that small businesses have added 570,000 jobs since March of 2010, reports The Wall Street Journal.
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Help Upgrading from Windows XP
Laplink® Software, Inc. has announced the newest release of Laplink DiskImage, its advanced backup and recovery software. The new features added to DiskImage 8 make the software even more user-friendly, allow for increased efficiency, and can help users transition between PCs – the prefect complementary software for users transitioning from Windows XP before end of support on April 8.
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4 Ways Small Businesses Can Use Mobile Technologies
Mobile devices have changed the way we work in ways that would have been inconceivable just a few short years ago. As the world changes, these new devices and services enable businesses to compete more effectively, make the most of their resources and keep customers happy. This is why small businesses - particularly those still on Windows XP and Office 2003 - should consider an upgrade to Windows 8.1 and Office 365 today.
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Kiva Micro-lending Comes to Pittsburgh
Kiva, a non-profit microlender, is partnering with the City of Pittsburgh to bring microlending to local small businesses, reports Crowdfunding Insider. The program, Kiva City Pittsburgh, lets people donate $25 to a local entrepreneur.
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Overtime Exemption Changes Coming
According to Zanesville Times Recorder, President Obama has directed the Labor Department to revamp its overtime exemption rules. In addition, there may soon be changes to the concurrent duties wording of the overtime exemption. This could potentially change the exemption for some managers and assistant managers.
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Virtual Assistants Can Help with Administrative Tasks
Small business owners overwhelmed with administrative tasks, but unable to hire a full time employee should consider a Virtual Assistants, reports the Guardian. Virtual Assistants work on a freelance basis doing everything from social media updates to calling customers.
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