A gauge of U.S. small business confidence rose to a 12-year high in December as optimism about the economy intensified among business owners following the November election, the National Federation of Independent Business said on Tuesday. The group’s index of small business confidence rose to 105.8, its highest since December 2004. It was up 7.4
Is it finally the year to start a business? I think the answer is yes, and I’m going to give you some unconventional advice. First, it will be hard — much harder than you think. Second, you don’t need inspiration. Do you need to be inspired to brush your teeth every day? Third, waiting until
An index of small business employment growth inched up as Main Street America added jobs at a steady pace this month. The Paychex IHS Small Business Jobs Index rose 0.02 percent from July to a reading of 100.70, in line with the year-to-date average for 2016. A measurement above 100 indicates job growth. Paychex president
As Ohio voters cast ballots in Tuesday’s presidential primary, the economy — specifically manufacturing jobs — will be front and center on many voters’ minds. “We have to have a strong manufacturing base for this country to survive,” said Brandon Lamoncha, sales manager and solution provider at Humtown, a third-generation, family owned manufacturer in Columbiana,
When it comes to defending against cyberattacks, a common strategy includes investing in costly hardware and software products, and then shoring up both frequently. But there is a more effective and affordable way to fight cyberterrorism. Nearly 70 percent of respondents said their company is using cloud-based cybersecurity services, according to PwC’s Global State of
For one New York City family, entrepreneurship is genetic. At least, that’s how it seems. Three generations of Levy men — grandfather Victor, 92, son Paul, 61, and grandson Eric, 29 — are all entrepreneurs, each starting a business unique to his generation. In 1956, Victor and his brother, Bernard, started their own garment company,
As Americans go to the polls on Tuesday for primaries in five states, one big contingent that may wield tremendous influence is the small-business rank and file. The nation’s 28 million small businesses represent 54 percent of all U.S. sales and have provided 55 percent of all jobs since the 1970s, according to the Small
Tapping away on the computer in his dorm room at University of Maryland, College Park, Anthony Casalena wasn’t planning to start a business when he began writing the code for what would become Squarespace’s website-building software in April 2003. The computer science student, who taught himself to write code as a teen growing up in
You don’t become the first African-American woman to own a billion-dollar company overnight. The journey of ACT-1 Group founder and CEO Janice Bryant Howroyd began during the battles over civil rights. When Howroyd enrolled in an integrated school in the Deep South, she said, her teacher spoke about how blacks were well suited for slavery.
Every small business has something that makes it unique, and showcasing this is crucial to continued success, one branding expert says. Melissa Dawn Simkins, author and president of brand consultancy Velvet Suite, said that while entrepreneurs are focused more on the successful execution or performance of their business, branding gets left on the back burner.
Despite worries of an economic downturn, one sector is poised for another year of solid growth in 2016, according to one study. Bolstered by trends including acceleration in business spending, the franchise industry is set to grow by 1.7 percent in 2016, according to the study by the International Franchise Association. The annual outlook follows
In a world where start-ups are gaining notoriety by quickly capitalizing on the idea of new innovation and technology, entrepreneur Vicky Tsai has built a multimillion dollar brand doing the exact opposite. Tsai is founder of San Francisco-based Tatcha, a luxury skin-care line based not on new trends, but on centuries-old geisha culture and tradition
Want a high-paying gig but not the restrictions that come with a full-time job? You’re far from alone, and there are many part-time jobs out there that offer flexibility and good pay. We are living in what some call “The Gig Economy,” where people create a living through a patchwork of part-time jobs. Sometimes this
The old adage “Shirtsleeves to shirtsleeves in three generations” plays out all too often, but with some planning, families can boost the chance of avoiding a similar fate. In many cases, an older generation starts with nothing, works hard and amasses wealth. However, their progeny have no success in managing that wealth and, by the
A fancy pitch and an elaborate business plan will only get you so far with these investors. Instead, it boils down to this: How quick do you want to get rich? If the answer is “overnight,” better take your pitch elsewhere. Self-made millionaires and veterans of the oil-and-gas pipeline industry, Michael “Rooster” McConaughey and Wayne