Amidst the economic uncertainty of 2023, planning for the future is more important—and more challenging—than ever. According to a recent Bank of America survey78 percent of small business owners expect that a potential recession will impact their business, potentially forcing them to raise prices, slow hiring plans and reduce spending. Enter Jenny Son, a small…
Tag: small business information
Sick of Winter? Try Saunas
Winter can be long and dark. Sometimes you need something to help lift your mood during long dark days. Many of you know I am in love with my new sauna blanket and it helps get through winter in many ways! 1. It is great for your skin! I always notice my skin gets so…
Why aren’t more small business owners taking advantage of government help? | Gene Marks
According to a new report, the US government “isn’t doing enough” for small businesses. I’m calling Baloney. “Business owners don’t feel like the programs are all that effective and they also don’t even feel like they have a sense of what’s available, some of which maybe is effective,” said Joe Wall, national director of Goldman…
DoD small business chief presses to revive innovation fund
WASHINGTON ― The Biden administration’s next budget request needs to revive a special fund to help small businesses with innovative ideas work with the Pentagon, a top department official said Tuesday. The push to bring back the Rapid Innovation Fund, which Congress hasn’t financed since 2019, was one of several recent moves aimed at lowering…
Pump Coffee shows how doing the opposite can lead to small business success
One thing I always suggest to my small business brothers and sisters is to, whenever possible, “do the opposite.” For instance, when everyone else is flooding Facebook or Instagram with ads, it is probably a good time to look to advertise elsewhere. As none other than Warren Buffet has said (paraphrasing here), “Be fearful when…
Quebec small businesses raising prices to fight inflation
A large proportion of Quebec small businesses (SME) still say they have to raise their prices to fight inflation, according to a new study by the Canadian Federation of Independent Business (CFIB). The survey, published Monday, compares results from January with those from the same period in 2022. It reports that nearly two-thirds of executives…
Small-business owners say federal government is failing to meet their needs: survey
More than two-thirds of small-business owners said in a Goldman Sachs survey that the federal government is failing to meet their needs. The survey, published on Sunday, found that 70 percent of small-business owners surveyed gave the federal government a C grade or below on the effectiveness of the programs, services and tax credits available…
Economic pressures proving too much for some small town businesses
Some small businesses in towns and cities around Calgary are struggling to survive in the current economic climate, with some deciding to close their doors for good. Everything from inflation and the cost of living to energy and fuel costs, twinned with bigger insurance and wage bills are squeezing some stores out of business. Lindsey…