The first week of the month always brings news about jobs created and unemployment levels. It appears that May was a weak month for both and the NFIB says that small business hiring stalled. Perhaps the good news is that only 8% of small businesses plan to reduce their workforce.
We talk about small business financing and loans here on the Small Biz Blog and there is, potentially, a silver lining. According to the Thomson Reuters/Paynet small business lending index, small business borrowing surged in April.
But it isn’t always sweetness and light when it comes to borrowing. A 110-year-old bike shop in Princeton, N.J. is probably not atypical of what any small business faces when getting a loan for operating capital. Small business entrepreneurs are realists and keeping their doors open is a good sign for the economy.
Staying in the game and moving forward requires small business owners to keep asking themselves many of the same questions they would when starting up – What kind of business do I want to be in? Where can I get capital? How do I put social media to use? What do I need to do to incorporate (or take my business to another organizational level)?
Keep asking those questions and stay focused on your customer – success is a series of small steps that can turn into a giant leap forward!
Let us know what your successes are.
Contact the editor: vzsmallbiz@verizon.net
Mark leads the way to bring innovative solutions to small businesses.
Mark works with and identifies entrepreneurial companies for Verizon to invest in and fund.
Dan works with and identifies entrepreneurial companies for Verizon to invest in and fund.
Paul handles corporate communications for Verizon Wireless with a focus on enterprise and government sectors.
Ellen provides PR support to Verizon's small business team, landlines and FiOS in apartment buildings and small and medium-sized commercial properties such as strip malls, and street-level shops and offices.
Kathy manages the SMB product Marketing Messaging Strategy for the Business Solution Group. She also develops and manages various SMB marketing programs to support channel enablement.
Jarryd provides PR support to Verizon in CA and TX.
You must be a registered user to add a comment here. If you've already registered, please log in. If you haven't registered yet, please register and log in.