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SMALL BUSINESS : Opening a Small Business : Small business owners increasingWith big business struggling on Wall Street and a slow economy, new businesses are becoming popular. Jeannie Carriker Skane just registered her own small business, something she says might not have happened if not for the slow economy. "I've gotten a lot of the same answer. We love your skills, we'd love to have you on our team, we just don't have enough work to hire someone right now. So my thought was how about if the community shares me," Skane said. According to UNCW professor Jonathan Rowe, more than 70 percent of businesses in southeast North Carolina have fewer than 10 employees. New small businesses account for 75 percent of all new jobs. Despite a slower economy, these businesses helped the local economy increase by 7 percent last year. "Even in the real estate industry that's shrunk a lot in this area, your seeing a lot of opportunities for green building and environmental products," Rowe said. Skane hopes to take advantage of that trend. Skane said, "I want to facilitate the green building process and make it easier for the people that have the ideas and the passion for it, to get it to the stage where it's going to be certified and add value to their product." Small businesses like Skane's have helped deal with the economic slow down in our area. "We are seeing less layoff because a lot of the larger corporations that are making job cuts are not in southeast North Carolina. A lot of the businesses are not being as dramatically affected," Rowe said. But Rowe said Wall Street struggles have put a bit of a strain on local small businesses. "So now that you see banks being a lot more choosy in who they loan money to, it is becoming a little harder for entrepreneurs and new business owners, or even existing business owners, to get business loans," said Rowe. Be careful though, new small business owners often start up too fast and do not have a proper business plan which has lead to nearly 90 percent of new businesses failing within the first year. by WWAY , Sep 18, 2008 - WWAY Opening a Small BusinessAspiring entrepreneurs are fairly excited when opening a small business. Sharing this news with friends and family usually generates a response referring to...Starting a Small Business IdeaYou have thought out an angle for starting a small business idea that is going to revolutionize the industry. Are you willing...Good Business PracticesTo succeed in business, it's not enough to be the first, the best, or the most competitive. It's not enough to monitor trends so you know when to make strategic changes that will...Ergonomics and Modern Workspace DesignToday, few small businesses need concern themselves with a lot of hard labor, but workers are breaking their backs at a whole new kind of grind, spending up to fourteen hours...Small Business LoansSooner or later most small businesses need to get a small business loan, whether to get the operating capital for business startup or to finance an expansion. But whether...Small Businesses in the U.S.Even today, the U.S. economy is by no means dominated by giant corporations. Fully 99 percent of all independent businesses in the country employ fewer than 500 people...Other Related Articles: General Small Business Advice Feb 1, 2010Here is some general business advice for anyone opening a business right now...Save Money on Microsoft Business Software 1/26/10Many small businesses pay way too much for Windows, Office, and other Microsoft products. They buy software at retail on store shelves or online, one-at-a-time, and miss significant discount ...Consultants - Hiring When Necessary 1/7/10We start a business wanting to do what we like and know best. However, that starting up also requires us to deal with many other facets of business which, ...Small business owners increasingWith big business struggling on Wall Street and a slow economy, new small businesses are becoming popular. Jeannie Carriker Skane just registered her own small business...Credit crisis hits small business developmentAs the financial crisis deepens, small business development could be facing more challenges when starting a small business and aquiring loans.... |
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