At the Jobs for America Summit, U.S. Chamber of Commerce President Thomas J. Donohue said that Washington must adopt policies to help small business and job creation. In what isnt good news for small businesses, Donohue said that in a poll of 1,400 small businesses, 84 percent said the economy is on the wrong track.
A poll conducted by the Chamber of Commerce said that companies with income of $25 million or less do not plan to hire more workers over the next year. About 19 percent said they plan on hiring new employees.
“The most important role the government can play is to remove the impediments and reduce the uncertainties that have slowed our growth and shackled our job creators,” Donahue said.
Help may be on the way for small businesses, as money from the Small Business Lending Fund, created by the Small Business Jobs Act of 2010, will provide funding to banks to lend to small businesses.
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Consumers have been fighting for financial compensation for increasingly small sums, indicating a growing reluctance to accept poor deals and service.
The Financial Ombudsman Service (FOS), which deals with unresolved disputes between financial service providers and customers, says it has seen a jump in the number of cases involving involving sums as low as £500.
“There has been a hardening of attitudes from both consumers and financial businesses over the last year,” said Emma Parker, the FOS spokesperson. “This has led to an increasing number of complaints involving relatively small amounts being resolved by a formal decision by an ombudsman.”
Figures provided to the Financial Times by the FOS show a huge rise in the number of complaints made in the last year relating to low-value claims.
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What financing methods have you been using to grow your business and keep cash flowing during the recession? As the economy improves again, credit card issuers are hoping more small business owners will turn to credit cards as a cash management tool.
The Los Angeles Times recently reported that entrepreneurs can expect to see more credit card offers in their mailboxes in the coming months. Why? Because the 2009 legislation that reformed credit card policies put a lot of restrictions on the kinds of rates and penalties card issuers can charge consumers. Business credit cards, however, were excluded from many of these protections. That means card issuers can charge us higher interest rates and make a bigger profit.
But while card issuers are hoping to attract more small business owners, entrepreneurs are a bit gun-shy about taking on new credit cards. There are several reasons for this.
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BerryBestMoms.com features products made by mothers
There is a new website seeking to become the mother of all resources for entrepreneurs.
BerryBestMoms.com will help mothers that own small businesses bring their products and services to consumers interested in supporting them. The central location for products by and for active mothers hopes to highlight the creativity and ingenuity of the items. The site offers 120 different products from mothers all over the world, from Australia to the United States.
“We want you to love them too, and feel that the best way to make sure we are offering you the very best products is to keep ourselves, as a business, completely independent from manufacturing our own products, or advocating a specific political or religious point of view, said founder Kim Lemmonds. “The only opinions that matter here are those involving the products we carry.
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