A Round Up of What’s Happening in Small Business

A Business Daily Africa article highlights an often-overlooked aspect of starting a business: a business plan. We've not really discussed these on this blog, but look forward to future posts, and soon.

"What needs to be implemented? Simply put, a strategy. It is the working plan that shows how all the elements of a business will work together to achieve the stated objectives. Whereas this working plan should be well thought out, it should never be static.  In a small business, things keep changing and getting more efficient in response to the internal and external environments.

"A small business must create a name that will set itself apart from competitors if it is offering services. It must always be clear what is trying to sell. The name of the product should closely associate with the expected service experience.

"Good and successful businesses do simple things well. They keep their promises time and again, that way they gain loyal customers."

Reuters reports that small businesses in the UK are feeling the crunch as larger suppliers slow pay schedules. This is a true sign that even the UK's economy is hovering. We're seeing a similar trend in the United States. Although productivity is up, there's still reticence on the part of many big industry decision makers.

"The Federation of Small Business (FSB) says that small firms are experiencing the biggest squeeze on their cashflows since the early 1990s as big companies are now delaying payment to their smaller suppliers by more than 100 days. The FSB says that the situation has worsened dramatically in the past few weeks and it took the unprecedented step of naming Alliance Boots as one of the worst payers."

Hispanicbusiness.com reports that inflation has risen to the top of small business owners' list of worries during this economy.

"Inflation is the top concern of small-business owners for the first time since January 1981, according to a June survey of the National Federation of Independent Business.

"Confronted with rising gasoline, energy and food costs, some business owners have raised prices, but many have found creative ways to cut costs and delay further price increases.

"Small-business owners are feeling pressure from inflation 'every time they open up the back door' to receive new inventory, said William Dunkelberg, chief economist at the federation. He said 41 percent of small businesses raised prices in June in response to this 'backdoor inflation.'

"'There has been a really dramatic increase, and it seems to be accelerating,' he said of the inflation rate.

"In June, 20 percent of small-business owners cited inflation as their top concern, compared with 8 percent in February, according to the National Federation of Independent Business."

And now you're all caught up with some of the latest small-business news for this week.

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AccuConference | Cartoons

Meet Maranda

Amber’s drawing for today is a characture of me. I think it’s amazing and is going to end up being my new profile picture on some stuff. Here’s a little bit of info on why I look the way I look.

I am an amateur chef. I love to cook and create recipes. It makes me happy to spend an hour in the kitchen and come out on the other side with something amazing. I have a pencil and a pad because I love to write, whether it’s for work or for something more personal. I always have my iPod in and my music is up loud. Once, I ran out of the house to work with a brown shoe and a black shoe on and everyone had a good laugh about it all day.

So that’s me in a quirky nutshell. What are your quirks?

 

Spring Storms

Here's another great piece of art from Amber as an homage to the Spring Storm season.

If you live in an area prone to Spring Storms, do you have a tornado saftey plan? We live in DFW, so it's alwys a good idea to have a plan in place, even if you do not get a lot of tornados in your area.

Here are some great tips from NOAA on how to keep you and your family safe.

Have a great weekend!

Spring Cleaning -- Art

Since I'm not the only person in this office who looks foward to Spring Cleaning time, Amber has swooped in to offer me some back up. 

 

 

I wonder what she's going to be doing this weeked?  Have your read my recent post about Spring Cleaning and why you should apply it to your conference service as well?

 

Have a great and clutter - free weekend everyone!

Happy Easter!

Hope everyone has a great weekend, no matter what you are doing.  Try not to eat too many peanut butter stuffed chocolate eggs.

 

 

 

--- Art by Amber Sanders