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Weekly Roundup - Is Your Business Stalled?

Weekly Roundup - Is Your Business Stalled?
Employee Emeritus Employee Emeritus ‎06-03-2011 09:10 AM

VZ small_biz_info ICON.pngThe 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.

 

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Contact the editor: tumara.r.jordan@verizon.com

About the Authors

Tumara Jordan

Senior Manager: Verizon Business Markets

Photo of Tumara Jordan

Tumara is a contributor to the Business Markets Marketing team and she currently manages Social Media marketing campaigns.


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