Major Developments Major Developments by Calendar Year

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 21, 2010

US Advertising Market: 2009

Filed under: Business — Tags: , , — Winson @ 7:32 AM

According to the IAB US Online Advertising report, there is continuous and significant growth in Internet on comparison with other media.

  • In US market share, TV distribution continues to be in the leading position which is $26.2 billions.
  • The second place is taken by News papers, which is $24.6billions in US market share.
  • The Internet occupies 3rd place in US Market share, which is $22.7 billions.
  • The top 10 ad selling companies continue to remain concentrated on online advertising. This accounted for 71 percent of total revenues in Q4 of 2009, which was down slightly from 72 percent as in Q4 of 2008.
  • 11 percent of revenues for Q4 of 2009 were accounted by 11 to 25 ranked companies on comparison to the 12 percent as in Q4 of 2008.
  • The companies which were ranked from 26 to 50 accounted for 8 percent in both 2008 and 2009.
  • As per the report, the United States internet advertising revenue was $22.7 billion in 2009. The internet advertising revenues faced a decrease of 3.4 percent over 2008.

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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.

September 1, 2010

Many People are Using Mobile Internet – comScore

Filed under: Business — Tags: , , — Winson @ 6:05 AM

The number of people who use mobile are increased twice in the year of 2009 when we compare to the year 2008, according to comScore report. They are using these mobile devices to access the news and information on the internet.

News and information are accessed by 63.2 million people on their mobile devices in the month of January 2009 and they are accessed by 22.4 million people daily. This number is more than twice of the audience of the last year 2008. According to comScore, 107 percent increase in people using mobiles to access news and internet daily. By this we can say, there is growth in importance of the mobile medium because users are depending on their mobile phones to access information.

Day by day, accessing of the social networking and blogging by users is increasing and there is much growth in downloaded applications as well like because of this growth in news and information usage. The accessing of social networking site and blog increased by 427 percent from 2008 to 2009.

News and information was accessed by 22.3 million people through the downloaded application in the month of the January. 8.2 million users downloaded maps, it is most popular downloaded application among them. SMS was used by 32.4 million people to access the news and information in the month of January.

Most of the users who show the enthusiasm to use mobile news and information are young males with half of 18 to 34 year old males engaged in that activity. Females with the age of 18 to 24 also used this mobile internet. 40 percent of them were accessing it.

In this way mobile devices are used by many people, not only for one purpose for many purposes like access the news and information and maps, etc.

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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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