It was found that the MSME sector was the second-largest contributor to India’s GDP. Indian government planned to rise Rs. 1,000 crore for the development of SMEs in 2009. The sector provided about 80%-90% of employment to Indian population in 2009. MSMEs were found to have a share of 45% and 35% in production and […]
Category: Small Business
Small Businesses in the U.S. Hiring According to the WOTC
Employment expansion was not continued by small businesses in USA during 2009. A programme was designed by the Work Opportunity Tax Credit (WOTC) for hiring individuals of disadvantaged groups and backgrounds. Recipients of temporary assistance for needy families, food stamp recipients, and disabled or unemployed veterans were included in these groups. Several restrictions were mentioned […]
Know About CII Survey Highlights on Indian MSMEs
The CII MSME survey was conducted including the responses from a wide range of industry groups and activities of the Micro, Small and Medium industry members of the CII throughout India. According to the CII MSME survey it was found that infrastructure development was one of the most important factor of the MSMEs in India. […]
Basic Statistics on Entrepreneurship in UK
As per EU survey released recently, 12% of EU citizens were currently involved in entrepreneurial activity, among which 4% percent of them are still in the initial phase, i.e. taking the necessary steps to start up a business, 3% were running a new business and 6% were running an established business. Within the EU, the […]
Know About ADP National Employment Report in the Month of July 2010
As per the latest ADP National Employment Report, there is an increase in private sector employment by 42,000 in July when compared to June on a seasonally adjusted basis. Nonfarm Private Employment Highlights — July Report: Total employment: +42,000 Small businesses(1-49 employees): +21,000 Medium businesses: +21,000 Goods-producing sector: -21,000 Service-providing sector: 63,000 Because of the […]
Small Business Survival Index 2009
The Small Business and Entrepreneurship Council recently released its 14th annual rankings of the states according to their public policy climates for small business and entrepreneurship in the “Small Business Survival Index 2009: Ranking the Policy Environment for Entrepreneurship Across the Nation.” The Small Business Survival Index helps the small business owners, investors and also […]
SMEs are Ignoring SEO
According to a survey of marketers by SEO agency dotSEO, about a quarter of small and medium sized enterprises do not know much about search engine optimization in spite of the fact that Google being the first port of call for many people who are looking for goods and services. Few of them know that […]
2011 Budget Allocations to SBA
The FY 2011 Budget allocated $994 million for the Small Businesses Administration (SBA). It is more than $170 million, or 21 percent in the budget of 2010. This budget shows the Small businesses have a great significance in US Economy & Law makers. Discretionary spending on SBA: FY2011 Request: $994 million FY2010 Enacted: $700 million […]
50 Percent IT SMB’s are Planning or Using Cloud Services in 2010
As per a recent report by the business ISP Easynet Connect, SMEs are showing increase in enthusiasm for cloud-based IT services. Same report in October of 2008 showed that only 22 percent of the respondents were positive about cloud services, but by the end of 2009, 50 percent of them were interested in cloud services […]
Single Market for SMEs
The proof for the need for a revitalization of the EU’s Single Market was given by the European Commission Statistics which showed that the small and medium sizes businesses that engage in international activities saw a huge growth figures. As per a study by the commission, 25 percent of EU SMEs export or have exported […]
Small Businesses Owners are Not Wishing to Sell their Businesses
Because of uncertainty in economy, small business owners, ages 46 to 64, across North America are delaying the selling process of their business. As per a recent study by PriceWaterhouseCoopers, 1 in 2 small to large businesses would change hands between 2006 and 2016. But as per the survey conducted by The Growth Coach which […]