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Most analysts agree that the economy is recovering. Small business employment and lending is on the rise, while unemployment is dropping. And with Tax Day approaching, there are a number of new tax breaks, credits and write-offs for which many small businesses will be eligible.
Still, a recovery on the mend does not mean financial suffering no longer exists.
In what is already being viewed as the most significant merger so far this year, AT&T announced Sunday it plans to acquire fellow mobile service provider T-Mobile from current owner Deutsche Telekom AG in a deal valued at $39 billion.
It is true that bookkeeping and various accounting tasks are usually not the most exciting aspects of running a business, but that does not negate their importance. Good accounting can make or break a business' finances and even save money during tax season.
Despite taking a hit during the recession, the venture capital marketplace grew by 20 percent in 2010 and is poised to make an even more substantial recovery this year.
As the economy begins its recovery, businesses will face an ever-evolving market, with new companies, services and ideas seemingly around every corner. However, even before the recession, technology markets were such that a brilliant idea would not take long to be matched by a competitor's.
A recent Inc.com article advises business founders to consider several questions before selling a business.
First, owners need to determine what kind of business person they are. Some simply begin a company with the intention of selling it and moving on, while others enjoy the longevity of making a company sustainable.
The business sales market is on the rise, and while valuations remained stagnant throughout last year, they are expected to lift in 2011. Perhaps more important is that the job market and entrepreneurial activity are also expected to improve in coming months.
This week, the Kauffman Foundation reported that entrepreneurial activity reached a 15-year high in 2010.
The manufacturing industry – once the heart of American economic power – has fallen on tough times in recent years. However, despite the recession, this critical sector, which employs one in six private workers, is embarking on a strong comeback.
Last month, the Institute for Supply Management found economic activity in the manufacturing sector to have Read the rest of this entry »
The January Paynet Small Business Lending Index saw a 14 percent gain over the same period in 2010. Both Federal Reserve Chairman Ben Bernanke and Treasury Secretary Timothy Geithner have expressed their optimism that the economy and the financial system, in addition to lending trends, will improve in coming months.
