Posted by – August 25, 2011
The Business Opinion Omnibus has revealed that its latest findings suggest pessimism among small businesses in the UK. The optimism levels are the lowest since March 2009 and fell from +4% in July to -12% in August. These comes amidst fears of a potential second recession.
For more news on this story visit Fresh Business Thinking.
Posted by – August 8, 2011
Despite the recent turmoil, small businesses can improve the economy. This news might come as a shock to some, but canalso lift the spirits of those that have lost their job. If you’re one of these people, now is the time to consider a change in career.
But let’s take this from the starting point. Read the rest of this article
Posted by – August 4, 2011
The current news suggests we could be heading towards another economic downtown. And despite many of us feeling like we hadn’t left the last one, there are still concerns for startup company owners. So how do you prepare your small business in a recession?
Even when there aren’t any economic problems almost a third of new companies fail in the first three years. This can be due to a lack of commitment, or the company product not fulfilling its potential. But either way, you can turn this around with a few simple steps in the right direction. Read the rest of this article
Posted by – August 3, 2011
With the state of the economy, it seems that almost everyone is confused. Are we heading for another recession? Are we in one now? Did we ever truly escape the last one? No one really knows but we can try to come up with the best ideas.
The first theory is that the recession never truly ended. The media made us believe that we were climbing out of the dark years, almost pushing into shops to part with our money and help the economy. But in truth the economy struggled to return to a healthy state and the figures never lie. You can read hundreds of articles telling us how things are improving, but when you want to know the real scenario it’s better to look at statistics. Unemployment barely rose, housing prices struggled to return to their previous levels and the market was temperamental.
Maybe it’s because society wanted to break away from the recession? The doom and gloom of companies folding and people losing jobs was all too much after a while. And when we heard trick words like green shoots and a V-shaped recovery we all clung onto the idea. Read the rest of this article
Posted by – July 13, 2011
This quarter has been particularly volatile until markets made a recent sharp turn. In the last few days of the second quarter, according to the New York Times, the S&P index was only down 0.4 per cent.
Why has the market been so volatile?
There have been a number of dips in the market this quarter due to the following factors:
- Deteriorating credit conditions in Europe.
- Greece just narrowly avoiding default.
- The Chinese economy has shown signs of cooling off.
- Oil above $100 per barrel.
- Unrest in the Middle East and North Africa.
Read the rest of this article
Posted by – June 17, 2011
Many small businesses have been struggling to properly compensate employees during this time of recession. It’s not that business owners don’t want to compensate their employees, they just have to make sure the business can afford paying out raises. For many employers, the past couple of years have meant hard times for small businesses. Quite a few have had to re-consider their annual year-end bonuses. If you find yourself in this position but still want to compensate your employees, consider the following:
- Give a half-day or day off when an employee has done a good job. Though it may not be as satisfying as a raise, many employees will appreciate the opportunity to take a day off work and spend time with their family.
- Be honest about why you won’t be able to give your employees a raise. Staff who know what is going on in the business will be more motivated to work harder to keep it going.
- Publicly recognize your employees. When an employee does a good job just saying so can be as much of a motivating force as cash is.
- Give small gifts like movie tickets or gift certificates. This will show that you do appreciate your employees and are doing everything you can to reward them even if it is meager.
If you need assistance finding funding for your small business contact the Winflow Financial Group at 1.800.956.6897.
Posted by – June 10, 2011
Perhaps due to the creation of 22 300 jobs last month, Canada’s jobless rate has fallen to 7.4 percent. This is the lowest it has been since just after the recession started. Other details include:
- According to StatsCan, the unemployment rate for workers between 15 and 24 was down 1.2 percent.
- 32 900 full-time jobs were created.
- 37 100 private sector jobs were created.
- 44 300 jobs were lost in the public sector. These numbers are likely due to the May 2nd election.
- 22, 500 jobs were lost in the manufacturing sector.
- Many Canadians have turned to self-employment, which accounts for a large percent of the job spike.
- Canada has created 273 000 new jobs in the past year.
- The US employment rate sits at around 9.1 percent.
For more information on Canada’s jobless rate, read this CBC article.
For other articles about the state of the economy, see below:
If you are interested in starting your own small business, contact the Winflow Financial Group. Our trained consultants will provide with advice about securing funds, dealing with investors and protecting your company’s assets . You can contact us at 1.800.956.6897 or through email at firstname.lastname@example.org.