News (2421)
Small Business Financing Up
U.S. small businesses took on more debt in July, pushing an index of borrowing to a six-year high, reports Reuters. The Thomson Reuters/PayNet Small Business Lending Index, shows that financing to small companies, rose 11 percent in July to 117.7, the highest level since August 2007.
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Cloud Backup Promotional Pricing
One of the most trusted names in data back-up and disaster recovery is running a special offer for U.S. and Canadian managed service providers (MSPs). StorageCraft® Technology Corporation announced today that it is providing a 30-percent discount on new devices using StorageCraft Cloud Services(TM) through Sept. 30, 2013.
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Chase to Accept Payments However You Do Business
Chase Paymentech, a leading global merchant acquirer, payment processor and subsidiary of JPMorgan Chase & Co., today announced the launch of "Chase Checkout" - solutions to help merchants seamlessly accept payments however they do business: in store, online or on the go. Merchants can now securely and efficiently accept card payments from their smartphones with the new Chase Mobile Checkout app and encrypted card reader.
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Beliefs Influence Small Business Buying Decisions
According to eWeek, Infusionsoft surveyed 1,200 small businesses about their technology buying decisions and found that small businesses are influenced more by attitudes and beliefs than by demographic factors such as industry, revenue and years in business.
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Obamacare Confuses Small Business
Many small businesses are confused about whether they qualify as a small business under Obamacare, reports the Washington Post. While Obamacare legislation features items that pertain only to small businesses, the new rules rely on different measures to determine which firms are considered “small,” and several of those are scheduled to change in the coming years.
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Small Business Owners Skip the Vacation
A new survey from American Express shows that small business owners are forgoing vacations this summer. Only forty-nine percent of the survey's participants said they planned to take at least one full week off during the summer. This is down from 54 percent a year ago. Pre recession over 67 percent of those surveyed planned on taking a vacation.
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Small Business Hesitant to Automate
Small businesses are hesitant to automate key business operations, reports Fox Small Business. A new survey by Yodle found that half of business surveyed used technology for accounting, but only a small percentage used automated technology for other key business operations.
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Big Banks Courts Top Small Businesses
Large banks are making loans to small business, reports INC. Unfortunately, those loans are still going only to the top 10% of small business. The larger banks are still only interested in making loans to small business with large incomes and strong balance sheets.
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Catching the Milennials Attention
According to Forbes, by 2017 millennials will have more spending power than any other generation. This generation grew up with technology and is can be influenced by technology on where to spend their money. Businesses will need to rethink their marketing strategies in order to capture the attention of this market.
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IRS Targets Small Businesses
According to the Washington Post about 20,000 small businesses received letters from the IRS questioning whether the businesses correctly reported their income.
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