Major Developments Major Developments by Calendar Year

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.

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.

August 12, 2010

Small Business Employment Statistics In 2007 : US census

Filed under: 2007,Business — Tags: , — Winson @ 7:56 AM

On Monday, Statistics of U.S. Businesses (SUSB) released a fact sheet 2007 annual data which included number of firms, number of establishments, employment, annual payroll, and estimated receipts.

The data was tabulated by industry, geographic area and enterprise employment & receipt size.

National and subnational data on the distribution of economic data by enterprise size and industry was given by Statistics of U.S. Businesses (SUSB) is an annual series. This series does not include data on private households, non-employer businesses, agricultural production, railroads, and most government entities.

In different sectors – Small Business employment (Below 500 employers)

  • Forestry, Fishing, Hunting, and Agriculture Support – 1,44,111
  • Mining – 2,82,278
  • Construction -6,190,401
  • Manufacturing -5,91,7710
  • Wholesale Trade– 3,635,834
  • Retail Trade -6,138,628
  • Transportation and Warehousing – 1,618,079
  • Information -8,77,184
  • Finance and Insurance – 2,134, 636
  • Real Estate and Rental and Leasing – 1,50,3479
  • Management of Companies and Enterprises – 3,83, 588
  • Administrative and Support and Waste Management and Remediation Services – 3,724,173
  • Educational Services – 1,363,682
  • Professional, Scientific, and Technical Services – 4,99,5367
  • Health Care and Social Assistance – 7,989,889
  • Arts, Entertainment, and Recreation – 1,313,243
  • Accommodation and Food Services -6,854,722

June 24, 2010

Impact of Health Care Reform Bill on Small Businesses

Filed under: Small Business — Tags: , , — Winson @ 6:39 AM

Senate recently approved the health care reform bill. The state senate said that the health care legislation enhances economic growth by providing small businesses with immediate health care cost relief they need to retain and create jobs.

A study released by the UC Berkeley Center for Labor Research and Education survey stated that small bussinesses with less than 50 employees account for 44 percent of the state’s total uninsured working population.

The Health care reform bill provides a lot of benfits to employees of small businesses as well as helps small business, which are facing some finacial problems by providing loans. small-business owners from california may get benefits of health care reform first as billions of dollars in federal tax relief becoming available to help them purchase medical coverage for their employees.

It is estimated that the legislation delivers a premium relief of about 10 to 15 percent for small businesses to save and reinvest in themselves and their workforce.

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