Economy

79% of Service Companies Say Competition Is Heating Up – Small Business Trends

The second annual Mavenlink State of the Services Economy report for 2018 finds almost 4 in 5 or 79 percent of service companies are facing increased competition. This rivalry is coming from new entrants who are pushing established businesses to work much harder to find new customers and keep existing ones. Competition Is Heating up […]

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Small Businesses Add 58,000 New Jobs, ADP Reports – Small Business Trends

A report suggests growth of private sector employment beat projections by almost 50,000 jobs in January 2018 and small businesses were a big part of that growth. Economists were projecting an increase of 185,000 private sector jobs for the first month of the new year. However, the ADP (NASDAQ:ADP) National Employment Report showed a growth

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Trump Addresses Small Business in State of the Union Address, But Leaders Say More is Needed

President Donald Trump noted small business and even invited two small business owners and one of their employees to sit with First Lady Melania Trump to watch the speech. Trump delivered his first State of the Union address on Tuesday night and spent a large portion of that time focused on the economy. And while

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81% of Manufacturers – Including Smaller Companies

The second annual Leading Edge Alliance (LEA Global) National Manufacturing Outlook Survey is reporting 81 percent of manufacturing companies, including smaller companies, expect their revenues to grow in 2018. 2018 National Manufacturing Outlook Survey The LEA survey gives manufacturers strategic insights into the economic climate so they can address challenges and take advantage of opportunities.

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Small Business Confidence Was Higher Than Ever in 2017

The National Federation of Independent Businesses (NFIB) says small business confidence hit a record high in 2017. 2017 NFIB Small Business Optimism Index The NFIB recently released its Index of Small Business Optimism indicating how small business confidence blasted off after the 2016 election and remained in the stratosphere for all of 2017 because of “massive

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Final 2017 Holiday Sales Figures Show Best Season in 4 Years

After analyzing consumer spending at more than 1.3 million merchant locations in the U.S over the holiday shopping season, FirstData (NYSE: FDC) has revealed it was the strongest in four years. Final 2017 Holiday Sales Figures First Data’s SpendTrend Report shows the overall growth for the entire holiday season was up 6.2 percent from the previous

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GovCon Incubator Wants to Connect Small Businesses with More Federal Contracts

Small businesses looking to gain more government contracts could benefit from a new specialized incubator. The GovCon Incubator is a multi-layered program that provides curriculum to address every aspect of the federal government contracting process. The Purpose Behind the GovCon Incubator OST Global Solutions is the company behind the new GovCon incubator. OST CEO Olessia

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