|
Banking For Small Businesses
Starting a new business is a daunting task, not least because of the financial systems you have to set up including your business finance systems. There are many parts to your business finance. It doesn't matter what size the business is there...
Business Team Building Strategy In the Jungle
"Tak kenak! Tak kenak!" "Adak Orang sanak!…………"
The quiet jungle has suddenly become noisy with intruders.
Strange voices and shouting seemed to appear all around us.
They were definitely foreign. We were being attacked!
We had been...
Costing At No Cost
Cost estimation is always a crucial topic in many industries. For converters, it may be one of the keys to success… or to failure. The estimation comes into play for several reasons: to prepare production budgets, for cost management and to...
How To Prevent Fraudulent Credit Card Transactions
What Are Possible Signs of Fraudulent Transactions see at Web Hosting Companies?
Customer wants to pre-pay for a year
Domain Name Registration for 5 years or more
Orders using free email address providers like Hotmail, Yahoo,...
Isn't Once Enough? Don't Let The IRS Tax Your Small Business Twice
Have you been thinking about incorporating your small business
or self-employment activity? The advantages are many!
For starters, you'll be protecting yourself and your family from
the possibility of a business ending lawsuit. Forming...
|
|
| |
|
|
|
|
|
|
Small Business Statistics | Which are the riskiest and which are the safest?
Before starting a small business of your own, you should know
the risk factors. Which small businesses are the safest to start
and which ones are considered a risky business? With a few facts
in hand you can make a better business startup decision. The
riskier your business, the harder it is going to be to secure a
small business loan.
The lending institutions along with banks will have these
figures at hand and the kind of small business you want to start
will play heavily in your business plan and profit projections.
Did you know that according to the Small Business
Administration...
* there were approximately 22.9 million small businesses in the
U.S. in 2002.
* there were an estimated 550,100 new employer businesses in
2002 -- a 0.9 percent increase over the previous year.
* small businesses hire a larger proportion of employees who
are younger workers, older workers, and part-time workers.
* business bankruptcies were 38,155 in 2002, about half of the
level reached in the late 1980's.
Also, small businesses...
* provide approximately 75 percent of the net new jobs added to
the economy.
* represent 99.7 percent of all employers.
* employ 50.1 percent of the private work force.
* provide 40.9 percent of private sales in the country.
* account for 39.1 percent of jobs in high technology sectors
in 2001.
* account for 52 percent of private sector output in 1999.
* represent 97 percent of all U.S. exporters.
Small Business Profits from Sole Proprietorships reported in the
Business Risk Index Reports:
Of ALL the "Sole Proprietorships" in the US, 74.9% reported
profits with 25.1% reporting losses with "surveying & mapping
(except geophysical) service businesses" reporting the highest
profits at 93.7 % and "hunting and trapping businesses"
reporting the lowest with only 23.6% of these businesses showing
a profit.
Some of the safest businesses included: Residential building
construction (85.9% of these businesses reported profits)
Administrative and support services (84.6% of these businesses
reported profits)
Home health care services (83.5% of these businesses reported
profits)
Personal and laundry services (81.5% of these businesses
reported profits)
In the mid range of profits reported the businesses included:
61.4% of Wood Product businesses claimed profits
57.6% of Performing Arts businesses claimed profits
50.7% of Miscellaneous Store retailers claimed profits
The riskiest businesses included: Scenic and sightseeing
transportation businesses (66.2% of these businesses claimed
losses) Computer and electronic product businesses (64.6% of
these businesses claimed losses) Commodity contracts brokers and
dealers (63.4% of these businesses claimed losses) Video tape
and disc rental businesses (51.6% of these businesses claimed
losses)
(More of these facts can be found at: www.bizstats.com and the
SBA at www.sba.gov)
Small Business Survival Rates | Small Business Openings &
Closings:
*There were 572,900 new businesses, and 554,800*business
closures. *Two-thirds of new employer firms survive at least two
years, and about half survive at least four.
*66% of new establishments started in 1998 were still operating
two years after they started; 44% were still operating four
years later in 2002. Findings do not differ greatly across
industrial sectors.
Source: U.S. Small Business Administration, June 2004. *Not all
closures were due to bankruptcies. Survival and Longevity in the
Business Employment Dynamics Data, which appears in the May 2005
edition of Monthly Labor Review.
Entrepreneurship among seniors is growing.
In 2002, the rate of self-employment for the workforce was 10.2%
(13.8 million workers), but the rate for workers aged 50 was
16.4% (5.6 million workers). Although those age 50 made up 25%
of the workforce, they comprised 40 of the self-employed. Solo
business formation in the future will be driven by people who
take early retirement or whose jobs just disappear. Source:
AARP/Rand Corp. "Self-employment and the 50 Population"
About the author:
About the Author: Rebecca Game is the founder of Digital Women,
an online community for women in business. A 30 year
entrepreneur and dedicated to helping other women. Visit her
site: Loans
for Women
http://loans.digital-women.com
|
|
|
|
|
| United States Small Business Administration |
| An electronic gateway of procurement information for and about small businesses. Search engine for contracting officers, marketing tool for small firms, ... |
| www.sba.gov |
|
| SBA |
| The Small Business Planner includes information and resources that will help you at any stage of the business lifecycle. ... |
| www.sba.gov |
|
| Main Page - SmallBusiness.com - Small Business Resources |
| Find Small Business plans, advice, tutorials about organization, corporations, entrepreneurship, and smallbusiness. |
| www.smallbusiness.com |
|
| Yahoo! Small Business: Domain Names, Web Hosting, E-commerce ... |
| Yahoo! Small Business provides products and services that enable you to establish and grow your business on the Internet. Services include domain name ... |
| smallbusiness.yahoo.com |
|
| Small business advice business start up small business finance ... |
| business start up small business finance start up advice. |
| www.smallbusiness.co.uk |
|
| Smallbusiness.gov.au redirect to business.gov.au |
| Business Entry Point - Helping small business in big ways. An Australian Government initiative. The content from this website has now been consolidated into ... |
| www.smallbusiness.gov.au |
|
| Business & Small Business |
| Online and print small business publication. Information to help start, grow or manage a small business. |
| www.entrepreneur.com |
|
| Microsoft Small Business Center |
| Your home for information about Microsoft's small-business products and services, tailored business advice, technology tools, and more. |
| www.microsoft.com |
|
| The Small Business Advisor - advice for starting and operating a ... |
| Advice and assistance for starting and operating a small or home based business. |
| www.isquare.com |
|
| SCORE "Counselors to America's Small Business" |
| A nonprofit association dedicated to encouraging the formation, growth, and success of small business nationwide through counseling and mentor programs. |
| www.score.org |
|
| Small Business and Self-Employed One-Stop Resource |
| IR-2006-2, January 3, 2006 - Temporary and proposed regulations will significantly reduce tax filing burden for nearly 950000 small business owners. ... |
| www.irs.gov |
|
| Welcome to Small Business BC your business resource in British ... |
| BC Business Services offers assistance and resources for those running or starting a business in British Columbia and Vancouver. |
| www.smallbusinessbc.ca |
|
| Small Business Service | Home |
| Provides information and advice to help small businesses realise their potential. |
| www.sbs.gov.uk |
|
| NSW Small Business |
| A site developed by the NSW Department of State and Regional Development for small businesses. Topics include management, resources, current issues and ... |
| www.smallbiz.nsw.gov.au |
|
| Business Management & Advice: Small Business Resources & Information |
| Looking for business management and advice? Our website includes small business resources and information that can help you. Visit the small business ... |
| www.businessweek.com |
|
| Small Business Lawyer, Attorney, Law, Legal Help - FindLaw for ... |
| Information and legal sites relevant to small business. |
| smallbusiness.findlaw.com |
|
| Small Business Funding Opportunities (SBIR and STTR) |
| Links to Small Business Funding Opportunities and SBIR / STTR Applications. |
| grants.nih.gov |
|
| Microsoft bCentral Small Business Directory |
| Directory categorized by industry with company business card feature. |
| sbd.bcentral.com |
|
| Our site has moved! Please update your bookmarks! |
| Facilitates the sharing and exchange of information among small business development centers, the small business administration and other business-oriented ... |
| sbdcnet.utsa.edu |
|
| Small Business Development Corporation |
| Our business information services provides guidance to improve business skills and knowledge on advice on starting, buying, selling and expanding a small ... |
| www.sbdc.com.au |
|