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Small Business Digest


  
    May-2012
 
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Current Update
 

Small Business Mobile Advertising Rising, Need For Mobile Friendly Websites Growing; New Phishing Scam Using BBB Hits Small Businesses; ;

As mobile advertising by small business grows, the need for mobile friendly company websites becomes more urgent.  Here is how to make a company website more mobile-user-friendly.

A new internet scam using the Better Business Bureau's name and reputation is sweeping up small businesses.  Be aware and vigilant.

More small businesses are up for sale and buyer activity is growing.  However, many sales require seller financing.(Details)

Small businesses aren’t giving the economy the boost it needs.

Economists say that in past recoveries, small companies were the first to hire. When the economy was improving, they were more nimble than large companies because they didn't have the bureaucracy that can slow the hiring process. Their hiring helped propel the economy forward.

In the past, recessions have been eased by small business activity and hiring.

However, every study, anecdotal report, statistic today shows a marked preference for smaller enterprises to play a waiting game.

Part of the answer is financial.  Small companies are not drawing down lines of credit, according to large and community bank leaders.

Another reason is the reluctance of manufacturing firms not to be stuck with inventory.

The Associated Press reported, “Many small business owners aren't hiring or expanding because the outlook for the economy, or their own companies, is uncertain. That raises the question of whether small businesses will give the economy the boost that it needs.”

Editor note: We are currently conducting a reader survey asking respondents what are your most pressing information needs.  As a result of analyzing early returns we are stepping up coverage of emerging trends and online marketing.  We are asking all readers to participate in the study with three respondents each winning a $50 American Express gift cards.  To participate in the survey click here.

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Question:

Are there advantages to using mobile advertising to grow a small business’s sales?

Answer:
While only 14% had a standalone mobile site; 84% said these efforts contributed to sales growth as reported by web.com in a survey of 500 small businesses. 69% of respondents to the same survey they expected mobile advertising will be important to future growth

Question:

What is the best source of small business loans today?

Answer:

“Experts agree that in the current economic environment, community banks are providing the most reliable funding for small business owners," Jeff Gerhart, ICBA chairman and chairman of Bank of Newman Grove, Neb.


 

Learn about how to advertise in My Company Chronicle
 
Health savings account (HSA) info - www.hsafinder.com
 
How to improve the profitability of small firms, including finance, marketing, healthcare - www.2sbdigest.com
 
Small business info to improve operations - www.mybusinesschronicle.com
 
Human resource management guidance to improve vital functional areas - www.managingyourhr.com
 
Find, access and market small to large corporations and individuals in the healthcare, corporate and consumer sectors - www.is-incorp.com
 
Small to medium-size company managers can access travel information specifically geared to their needs - www.travelforsmallbiz.com
 
Managing HSA insurance, custodial accounts and personal health is the focus of this unique website and newsletter - www.4hsausers.com
 
Direct access to the best value in health savings accounts and other healthcare insurance - www.2hsa.com

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