A small business is one that is started by an individual on a private scale and does not involve investment by the public at large. The classification of a small company is arrived at by taking a look at the profit generated and investment made by the individual.
Even the number of employees in a small business is marginal at about 3 to 4 employees. Small business is capable of adjusting to the changing demands of business quite easily and quickly too.
Mostly one can find small businesses in the specialized segments of the industry such as restaurants, hotels, inns, beauty and healthcare products and services, designer clothing & apparel etc.
1. The State Of Small Business In 2013
In a survey conducted on 3000 small business owners 47% felt a positive change and growth in 2012 which was due to economy changes. 58% expected more revenue generation from the holiday season in 2012. 67% small business owners believe to expand their marketing fund from the year 2013. Almost all the business owners are embracing social media for the promotion of their brands and 70% of them already have a facebook presence. Source
2. Small Business And Marketing
72% of small business owners are male and 28% are female and on an average a small business ahs 1.7 owners. Small business spends only 9-12% of their budget on marketing and 75% of small businesses are using social media marketing to improve their SEO. 40% of marketers are making use of mobile phones for the marketing of their brands and services. Source
3. Toolbox Of Small Business: Marketing Cycle
Some of the popular tools that can be sued for improving the marketing of any brand are customer management, customer engagement, lead generation, inbound marketing and business development. Source
4. Small Business Is Big In Canada
More than half of Canada’s gross domestic products are developed by the small business owners. Canada has more than 1.1 million businesses and 98.2% business in Canada has less than 100 employees working with them. Source
5. Why 2013 Is The Year For The Small Business Funding
In 2013 the financial crisis made the process of lending difficult for small business owners in US. Thus the small business is trying to get the loan from the alternative sources. Small businesses are the biggest job creator in US and they can easily obtain funds from the alternative lenders.
6. Small Business
67% people who have a small business actually started it due to personal passion and likings for business. US have 27,000,000 small businesses out of which 73% is micro business models.
7. Top Reasons For Small Business Success And Failure
Out of all the businesses in US 99% are small business models. And 7 out of 10 jobs in US come from small business. US have 29.6 million small businesses and 70% of these small businesses is managed and prepared by just a single person.
8. How Invoice Factoring Differ From A Small Business Loan
By making use of invoice factoring a small business owner can get cash in advance before they actually get paid by the customers. Whereas small business loans are the money, that is offered to a small business by a small business administrating firms. In a loan number of stake holders is less where as in invoice factoring more number of stake holders are involved in the process. Source
9. Small Business Year Review And Outlook 2011
Small businesses in US got a burn of recession in the year 2010 but they still were positive about the coming years. The business opportunities for small scale industries and businesses are huge in the country.
10. Independent Business Indicators Are Looking Up
The small scale business models showed great results in the September 2011 after a long period of slowdowns. From August 2011 almost 50,000 jobs were added in small scale industries and businesses.
11. Small Business Financial Fitness
75% of small business depends on spreadsheet or pen and paper for managing their finances and almost 1% spends one day each week in managing and maintaining their finances.
12. Small Business Predictions And Marketing Budget For 2013
Small businesses are trying to use their funds and resources for the expansion of their business and the first thing they like to invest is marketing and strategy developments. 22.5% small business wants to spend majority of their budget in technology expenditure and growth in the year 2013. 23.3% said that they would like to spend their budgets on improved marketing practices and 20% wanted to spend their budgets on potential hiring of their employees.
13. SMB Environmental Consciousness
As compare to last year 20% more small businesses are greener this year and 34% of them are planning to go greener by next year. 76% of SMB’s have shown concerns for the environment and 49% are saving money by it.
14. The State Of US Small Business
A business having less than 500 employees is defined as small business and US have almost 28 million small business and more than 22 million people in US are self employed.
15. The State Of Social Use In Small Business
Every 2 out of 3 small business owner use social media platforms for promoting their products and services and 45% believe that social media marketing meet up to their expectation.
16. 50 Small Business Blogs
Some of the popular small business blogs are wordsmiths, service pro, data geeks and techies, social media mavens, event planners, health nuts, PR Pros, small business runners and small biz marketers.
17. Small Business Reacts 2012 Election Results
Elections always affect the business by changing people’s perceptions and outlook about the future of that nation and country. Pre election and post election approach towards small business changes and people also change their business strategies according to election results.
18. Time To Mobilize America’s Small Businesses
Many small business owners are optimising their websites so that it can be used on mobile and smart phones. This mobility in marketing allows the business to reach to more and more number of customers. 55% people use their cell phones for internet access and 57% mobile users would never recommend a website which is hard to be used on their phones.
19. Small Business Blogs
Marketing is a process of making potential customers aware about the products and services offered by any firm. The marketing budget is a fund that in planned and allocated for the process of marketing.
20. Big Vision For Small Business
All small business owners start their venture with some big plans in mind and many of them are able to achieve their dreams with constant efforts and solid business planning. Source