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Small Business Digest


  
    January-2012
 
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Current Update
 

A Sense Of Humor Helps Companies, Employees Buld Sales; Technology is Helping, Hurting Small Businesses; Small Business Confidence Still Growing;

Editor note: We are currently conducting a reader survey asking respondents what are your most pressing information needs.  As a result of analyzing early returns we are stepping up coverage of emerging trends and online marketing.  We are asking all readers to participate in the study with three respondents each winning a $50 American Express gift cards.  To participate in the survey click here.

Having a sense of humor helps both the company and the employee.

Employers recognize the punch line can benefit the bottom line, new research suggests. Seventy-nine percent of CFOs in the Accountemps survey said an employee’s sense of humor is important for fitting into the company’s corporate culture.

Other experts say humor can be an effective customer relation tool.

Keeping one’s sense of humor in today’s economy is difficult but should be encouraged particularly when it comes to customer relations.

Technology is playing a far greater role in small business operations and marketing.  However, some companies are using technology to replace personal communication channels.  This can lead to confusion in the marketplace.

At the same time, so-called place-based marketing, using in-store video monitors as promotional centers is taking off.

As the cost of healthcare benefits continue to rise, smaller firms are turning to wellness programs to help improve worker health outcomes and reduce premiums.

President Obama is trumpeting the first drop in unemployment numbers in months.  It will help his re-election campaign but many small business leaders are not totally convinced. But there is additional good economic news.

In a study done for Valpack, 55% of small and medium size businesses surveyed reported their business had either already recovered from the recession or they expected to recover within the next 6 months. 

And those numbers are even more encouraging for businesses with 20-99 employees, as 62% reported recovery now or within six months according to the recent survey conducted by Research Now, an independent market research firm. 

Business is picking up on Main Street.  In response, businesses are thinking about what tactics to use to grow their business – advertising, promotions, staffing and more.

  • 31% said they planned to hire additional staff (a 5% increase over 2010) 
  • 15% said they planned to hire temporary help
  • 37% said they planned to expand their product/service offerings  

Another straw-in-the-wind is the fact Americans appear to be saving more while consumer spending is up.

However, the retail sector announced nearly five times as many planned layoffs in January as in December, due to restructurings, store closings and other cost-cutting measures, according to the Chicago-based outplacement firm Challenger, Gray & Christmas.

read more



 
 
 

Question:

Do you think early year optimism by small business leaders will last?

Answer:

“This optimism is the result of recent headlines indicating a drop in the unemployment rate, the growth in consumer spending and small gains in hiring in the fourth quarter.  Whether this optimism will continue in the first quarter of 2012 is anyone’s guess, given that consumer spending growth has not been accompanied by personal income growth.”  Barry Sloane, CEO, Newtek Business Services.


 

Learn about how to advertise in My Business Chronicle
 
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Small business info to improve operations - www.mybusinesschronicle.com
 
Human resource management guidance to improve vital functional areas - www.managingyourhr.com
 
Find, access and market small to large corporations and individuals in the healthcare, corporate and consumer sectors - www.is-incorp.com
 
Small to medium-size company managers can access travel information specifically geared to their needs - www.travelforsmallbiz.com
 
Managing HSA insurance, custodial accounts and personal health is the focus of this unique website and newsletter - www.4hsausers.com
 
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