Small Businesses Surviving The Recession
A new study reveals that 193,000 more people work for small businesses now than did before the recession. Some say this shows that big businesses have suffered more than small. Many small and local businesses are still finding ways to survive.
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Read more from Forbes.com:
A recent report from payroll firm ADP notes that in the U.S., 193,000 more people worked at businesses with 1-19 employees in February 2013 than before the recession. I find this very interesting.
The reasons, the report notes, have less to do with a surge in new hiring than the fact that fewer small businesses have been affected by the mass layoffs the nation’s largest organizations have faced. While America’s “main street” businesses face growing pressure from internet sales and big box retailers, small and local businesses continue to be a strong force in the national economy and an increasingly important source of American jobs.
I had the chance to visit this week with Erik Blomquist, the VP of business development for LunaWebs, a web development firm that specializes in the design and creation of sites and applications for—you guessed it—small to medium firms. Here’s what Erik had to say about the secrets to selling products and services to the nation’s hundreds of thousands of “main street” and community businesses: continue reading…
GE Speaks About The Value of Internet
Bill Ruh is the VP and Corporate Officer at General Electric. He spoke at the Cloud Connect conference in Santa Clara. His topic concerned the value of utilizing the Internet in business and how to maximize its worth.
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Read more from Forbes.com:
Bill Ruh, VP and Corporate Officer at General Electric (GE), recently spoke on “Clouds, Big Data and Brilliant Machines” at the Cloud Connect conference in Santa Clara. It was a keynote that highlighted the challenges and the opportunities that many CXOs face today as they look to transition to a new computing landscape.
He began the dialogue by discussing the massive market shifts have taken place in various industries, such as retail and financial services, due to the Internet. Ruh said “We see a transformational change. The change we see is a move from an analog to digital business. We see an architectural shift in how products and services are built.” Over the next decade, Ruh the industrial business will experience a similar transformation as industrial machines become connected and intelligent devices. This move to connected and more intelligent machines is frequently called the Internet of Things. The Internet of Things (IoT) is a scenario in which every thing has a unique identifier and the ability to communicate over the Internet. Continue reading…
A New App For Entrepreneurs
Elevatr is a new mobile app designed for entrepreneurs and innovators. It provides users with a place to keep track of their ideas. It will also help you design a business model.
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Read more from TechCrunch.com:
Serial entrepreneur with too many ideas rattling around in your head? Then you’re going to like this one: a new mobile app called Elevatr will help you keep track of your inspirations, as well as develop a business model, in order to turn your passing thoughts into plans actually worth pursuing some day.
The beautifully designed app was dreamt up by New York-based David Spiro, a recent college of engineering and business school grad from the University of Michigan, who had spent time working with the standard tools for business model development, like the Business Model Canvas and Lean Canvas, while in school.
“It became very clear that entrepreneurship – and people inspired by the startup revolution – is more than those actually studying entrepreneurship,” Spiro explains. “I was really inspired to take those tools that I was taught to use, and create a mobile-first product that could apply to more than just those people who were in my classes,” he says. Continue reading…
Ben Bernanke, Federal Reserve Chairman, feels very strongly about “too-big-to-fail” banks. He came out and said that those financial institutions that are big enough to threaten economic stability around the world are dangerous. He says reform will not happen without addressing this issue.
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Read more from Fox Business:
Federal Reserve Chairman Ben Bernanke minced no words Friday on the issue of “too-big-to-fail” banks, saying financial institutions large enough to threaten global economic stability need to be broken up.
“I think that too-big-to-fail is a very big issue,” Bernanke said in a speech in Chicago. “We will not have completed the goals of regulatory reform if we have not adequately” addressed the problem.
Critics of the Dodd-Frank regulatory bill passed in the wake of the financial crisis say the legislation doesn’t go far enough to prevent a repeat of the credit crunch that nearly derailed the global economy four years ago. Continue reading…