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Growth in the small biz sector: Need to know Friday

Posted by Jason Keith  April 6, 2012 08:30 AM

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Overall this was a very positive week for small businesses, as multiple reports showed that there was job growth as well as optimism amongst owners, while President Obama also signed into law a piece of legislation designed to loosen up funding. Also, I've included a story that follows on Monday's post around healthcare. Finally, Businessweek takes a look at the sometimes risky practice of "self insuring." For any small business owner looking into healthcare options, this story is a must read.

More legislation aimed at small business becomes law: There were more positive moves from Congress this week for small businesses, with President Obama signing legislation designed to help small businesses not only get funding but then go public sooner. Touted as a bipartisan effort, the legislation also allows the practice of "crowd-funding" where the Internet is used to solicit a large number of smaller investors.

Multiple ways to deal with angry customers: USA Today columnist Rhonda Abrams takes a look at the common issues that small businesses often face when it comes to unhappy patrons, and how to avoid or deal with them. It's always a challenge when walking the line between customer service and diminishing returns, and this piece gives some good advice to common problems.

Self insuring becoming more popular, but should it?: typically a strategy reserved for large corporations with thousands of employees, "self insuring" or pays directly for the employee's medical care. With larger corporations the risk is spread out, but with smaller employees, one large issue could cost significant dollars. But with healthcare premiums continuing to rise, more small businesses are willing to "take a chance" so to speak. This piece takes a look at the pros, and cons of this strategy.

Hiring poised to jump higher in 2012: According to a recent study by PNC, 28% of small business owners will be adding full time staff. Twenty eight percent are also optimistic about the rest of 2012. Only 7% had planned to lay anyone off in 2012.

Monthly jobs report shows growth: ADP's monthly jobs report of small businesses with less than 50 employees showed that small payrolls increased by more than 100,000 in the month of March, the fourth time in the last five months it grew by that number or greater. Medium sized businesses also showed growth, a positive sign for the economy.

What stories did you see this week that you felt were must reads? Please feel free to share in the comment section.

 

 

 

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About this blog

Jason Keith has been working for and with small businesses in the New England area for more than 10 years, specifically small, micro businesses. Born and raised in Massachusetts and a former journalist, he provides a unique perspective on the issues facing small businesses locally and nationally.To reach him directly email jasonpkeith@gmail.com.

This is a personal blog. The opinions expressed here are the author's alone.

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