We have a heaping helping of small business data to share with you, and it points to a good year ahead. Several economic surveys and studies out this month show that small businesses are feeling more confident than ever, shunning Grinch-like recession fears. So let’s get right to it. In […]
Economy
Most Miami area small businesses profitable but have limited cash buffers, report shows
While the majority of Miami small businesses are profitable, many have limited cash liquidity. What’s more, small businesses in majority black, Hispanic and foreign-born communities in Miami have lower profitability and cash liquidity than businesses in majority white communities. These were some of the findings in a new report by […]
Fewer young veterans are opening small businesses. These programs can help.
After World War II, 49.7% of returning veterans owned and operated a business. After the Korean War, that number fell to 40%. It’s been falling ever since – in 1996, just 12.3% of young veterans were small business owners. And today, only 5.6% of post-9/11 veterans have taken the entrepreneurial […]
How to recession-ready your small business
The “R word” is back. A growing number of economists and business forecasters are raising the likelihood of a recession. I know, I know, here in Florida we just escaped a hurricane and now we are talking about recessions? But recessions hit smaller companies much harder than larger ones, so […]