Major Developments Major Developments by Calendar Year

September 25, 2010

Small Businesses Exports Increase Opportunities for Growth

Filed under: Small Business — Tags: , — Winson @ 3:16 AM

There was a growth in exports and services in US. There was a increase of 16.7 percent in the first quarter of 2010. This is the result of the initiative that was announced by President Obama. This initiative is expected to double exports of United States and create 2 million jobs in US in the next few years.

But when closely observed, only 1 percent of U.S. small businesses currently export though there is huge demand for high-quality, American-made products. To show the entrepreneurs that how simple exporting is, UPS is working with federal agencies.

The export of small businesses creates a door way for many opportunities can be demonstrated by taking the example of Dan Perkins at Couch Guitar Straps. He started exporting accidentally when foreign customers began to request for his products. He was quickly enough to learned that foreign sales play a key part in small businesses.

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September 24, 2010

Other Factors Hindering the Growth of Small Businesses

Filed under: Small Business — Tags: , — Winson @ 10:40 AM

Over the past three decades during every recession, the small businesses who had less than 100 employees came forward and began hiring. Small businesses were the ones who pulled the country from the entangle.

Not only the the factor of tight credit is hindering the growth of small businesses as per Obama administration and others, there are also few other factors are also hindering the hiring process in small businesses.

There is a drastic drop in the creation of small businesses. The destruction of real estate market. There is much uncertainty in the point of view of economic conditions in the country.

Devastating levels of unemployment in that country this time than in the previous downturns. It is appearing to be bound near 10 percent.

Due to the depression in real estate market, there is much impact on the small businesses. Real estate was the vital force for the small firms. The real estate holdings have often been generators for the profits and they also provided collateral for the new machinery or other expansions.

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September 4, 2010

Small Medium Businesses are Interested to adopt cloud computing services : Study Report

Filed under: Small Business — Tags: , , — Winson @ 1:56 AM

According to a new study conducted by Spice works Inc., around 14 percent of small and medium businesses were reported using cloud computing services, and 10 percent had plans to take up cloud based services during the first half of 2010.

Global survey uncovered the findings of 1,500 IT professionals at small and medium businesses (SMBs) with fewer than 1,000 employees. This survey was made for uncovering cloud computing adoption trends and sentiments among SMBs as per Spice Works.

Highlights of Cloud Computing
Cloud services adoption is more in smaller SMBs than their larger SMB counterparts. 38% of SMBs with less than 20 employees are using or planning to use cloud solutions in the next 6 months which is higher than the 17% of organizations.

According to survey results, cloud services are adopted by technology based companies at a faster rate: 34% of SMBs in the technology sector are using or planning of using cloud services. Services sector companies, such as finance, HR or consulting, are the next fast growing ones with 22 % using or planning to go for cloud solutions.

About 62% of SMBs have no plans on implementation of cloud in the next 1 year because of security concerns and citing technology.

August 30, 2010

Global Online shopping trends in Purchasing Products

Filed under: Business — Tags: — Winson @ 8:47 AM

Now-a-days, internet has made online purchasing of products very easy. It has transformed many aspects of life. Through internet, buying tickets, booking concert tickets is much efficient and easier.

According to global online consumers report, clothing and books will continue to top the list for planned online shopping in the next 6 months. It follows the trend reported by Nielsen survey in 2009. As per the report, 46% of global consumers said that they purchased books in the past 3 months and 41% of them bought clothing through online purchasing.

Internet users in 55 markets from Europe, Asia-Pacific, North America, Middle East and south America were polled by Nielsen company who conducted a survey in March 2010. According to that report, vacations are the high priority for planned online shopping. In 2009, 24% of consumers purchased airline tickets online and 17% made tour/hotel reservations online, 7 percentage points and nine percentage points increase respectively in online travel arrangements in 2010.

In the next 6 months the top 5 purchasing products are books, clothing/accessories/shoes, airline ticket, electronic equipment, tours/hotel reservations.

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August 26, 2010

Small Business Confidence is Still Delicate in Second Quarter of the Year 2010: FSB Report

Filed under: Small Business — Tags: , , — Winson @ 7:02 AM

According to the recent survey, the business confidence showed a decline over the second quarter of 2010. The recovery is delicate and much more effort is needed to encourage growth in private sector.

According to the FSB ‘Voice of Small Business Index’, shows only a net four percent of respondents believe that business prospects will improve in the third quarter of the year, down from 16 per cent in March.

As per the survey, around 67 percent of small firms are operating below capacity when compared to those in manufacturing sector which is growing much better than service sector firms

It also highlights that the UK economy is still on way from a full speed recovery. It has 64 percent of firms in the South-East which are likely to be working under below capacity that else where in the country.

Key findings from the quarterly report show:

  • There is decrease in the confidence in the small businesses every month since March. 16 percent of small firms use to believe that there will be an increase in the business prospects which now is down to 4%.
  • Though the ratio of businesses has decreased slightly from 70.5 percent to 66.6 percent, majority of small businesses are still operating below capacity, since the last report.
  • Compared to manufacturing, firms which are operating below capacity are more in service sector. These are more likely to be based in the south-East.
  • There is no expectation of improvement in growth of revenue as it is weak, in the next quarter.
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