by Christina Lee on June 2nd, 2009
As small business owners continue to seek credit in any way they can, recently passed legislation may end up eliminating one viable option: credit cards.
Over the past few years, credit card companies and small business owners have become more dependent on each other to conduct business. About 12 percent of 6 billion mailed credit card offers target small businesses, while their owners account nearly as much of all Visa and MasterCard charges, according to industry studies.
But with the development of the economic downturn, both are now struggling to stay afloat. And as small business owners continue to rely... Read more »
by Christina Lee on December 5th, 2008
Even in the current economic environment, a recent survey found that small businesses are faring better than they may think.
Small businesses increased their staff levels by 0.26 percent last month and 3.3 percent for the year so far, according to payroll administrator SurePayroll.
“We are big believers in small business resiliency but even we were a little surprised to see that U.S. small businesses managed to hire new employees in November,” said Michael Alter, SurePayroll president, in a statement.
SurePayroll polled more than 20,000 small businesses, finding that they hired more while also paying less for salaries. The average... Read more »
by Emily McMackin on July 31st, 2007
Randal Pinkett is best known for surviving Donald Trump’s scathing boardroom criticism on season four of NBC’s "The Apprentice" and impressing the billionaire real-estate mogul enough to hire him. But before that, Pinkett was known around his college campus at Rutgers as a student entrepreneur who juggled business classes with running a thriving CD business out of his dorm.
Now as CEO of BCT Partners, a Newark, N.J.-based consulting firm, the "Apprentice" winner hopes to use his experience to help other aspiring young entrepreneurs start and grow their own companies. We talked with Pinkett about his new book, Campus CEO:... Read more »
by Veronica Stone on July 24th, 2007
Do you have a product or service that you enjoy offering to grateful friends and family members? Perhaps you’ve been thinking lately that going professional would be a great way to earn some extra money, or even start your career as a small-business owner. While many successful businesses have been built on a hobby’s foundation, so have many failed ones. Here are a few precautions–and tips for proceeding if you decide this is the right move for you.
Precautions
Loving what you do isn’t enough
What are your reasons for wanting to turn your hobby into a business? If your... Read more »