The facts and figures for how various states stand on the issue of small businesses are quite interesting to observe. This requires the presence of strong and accurate infographics.
Which state is most business friendly?
According to a recent research done in the US, the most business friendly states [color coded A+] include the states of Oklahoma, Arkansas, Utah and Idaho. These states are closely followed by Texas, Louisiana, Georgia and New Hampshire which have been graded A. Michigan and Pennsylvanian have not ranked well with a D.
Small Business and Their Growth:
With the rapid changes in economy, small businesses are having a hard time of it. While 53% concur that their business is recovering and surviving but not really growing, 34% small business owners agree that their businesses are struggling to survive.
Green Revolution and Small Businesses:
14% of the Green Technology patents are owned by small business and they are truly driving the Green Revolution in the country. More than 32% of the patents in the small grid and solar energy sectors too are handled by small businesses.
Steps to Selling a Business:
There are many ways of selling a small business and some of the steps involved include deciding whether you are ready to sell, whether the business makes for profitable selling, assembling a team of business brokers, accountants, attorneys, valuing your business and so on.
More on Small Businesses:
33% of small business owners claim that their businesses are better off now than about a year ago; while 53% agree about the fact that their businesses have to struggle to stay afloat from the last two years. 33% are optimistic that their business will grow by 10% this year.
Tourism and Small Businesses:
Whereas American and freight tourist invested over 526 billion USD in small businesses in the period 2010, 1 out of every 9 jobs in the US depends on travel and tourism. This makes the link between tourism and small businesses and makes them mutually important to each other.
Small Businesses and Pinterest:
A number of factors determine the success rate of a business when put on a social networking site. These include, category of business - B2B or B2C, kind of clientele forming your target customer, other social media options and so on.
Reasons for Starting a Small Business:
Research has shown that the most common reason for starting a small business is personal passion and interest in it [67%], 21% as a way to earn some money, 8% as an alternative to fall back on between jobs and lastly, 3% with no opinion at all as to why small businesses are set up by people.
The best and worst states for Business:
While the corporate income tax for South Dakota is zero, that for Alaska is 6%. Nevada, Florida, Montana, New Hampshire, Delaware are some of the other best states for businesses. On the contrary, the worst business states include the likes of New York, California and New Jersey
Facebook for Professional Uses:
1 in 7 people use Facebook and other social media for their personal use and recreation, while 1 in 3 use it for business purposes. Thus the number of people who are using social media to get more business done is steadily increasing. 89% of the advertising for small business is done on Facebook.
Get a Merchant Account:
Getting a merchant account can work wonders for your business, and there are some steps to do that. This includes making a sale, setting up shop, managing risk, getting a cash advance, and being in the know about merchant accounts.
Business Travel and Business:
233$ was the total amount of money invested in travel by domestic and international travelers to and from the US, making travel the biggest business there. By the end of 2011, the total amount of money spent on business travelling in the US is to increase by 6.9%.