Key findings from Citibank’s latest Small Business Survey reveals—
*90% are concerned about the possibility of a double-dip recession
*79% are prepared if the economy were to experience another downturn
*78% plan to keep the same number of employees, while 17% plan to increase in the next year, and 5% may need to reduce
*30% plan to hire temporary or part-time workers instead of full-time employees
Biggest challenges of owning a business at the moment—-
*Taxes, insurance, and/or benefit costs (65%)
*Declines in sales (61%)
In an effort to grow their business in 2012 many plan to——–
*Increase their marketing efforts (61%)
*Get better pricing from suppliers and vendors (58%)
*Introduce new products/services (56%)
*Work longer hours (45%)
This Citibank Small Business survey was conducted in August 2011 of 1,000 small business owners in the United States.
A July 2011 poll conducted by Long Island Business News found forty-five percent(45%) of Long Island companies use social media—–Facebook, Twitter, LinkedIn. Surprisingly, forty percent(40%) do not use social media at this time.
Planning a meeting? Better have a very GOOD REASON. Listed below are the top gripes regarding business meetings—-
*Not keeping to schedule (28%)
*Meetings that seem unnessary (22%)
*Attendees using PDAs or laptops for non-meeting activities (20%)
*People interrupting each other (18%)
This survey was conducted in July 2011 of 1,000 senior managers by Accountemps, a worldwide employment staffing service.
New York is the third most expensive state in the country to do business in, according to a special report, ” 2011 America’s Top States for Business conducted by CNBC. The report examines propery taxes, business taxes, utility costs, wages, and rental costs for office and industrial space. Only Hawaii and Alaska are more expensive. Other categories examined in the study include: access to capital, education, technology/innovation, infrastructure/transportation, cost of living, and quality of life. Not surprisingly, New York ranks among the top three for technology/innovation((#2), education(#1), and access to capital(#3).