Has your small business experienced a good start to the fall/winter season? Money matters, entrepreneurship and the overall economy are huge factors in the continued success of your business, which is why every business owner should stay up-to-date on the latest business and economic news.
Below is a shortlist of the major business and economic headlines from the month of October – chock full of articles that may help you as a business owner be informed on the latest trends and developments.
Economy and Market Updates
- The October employment index revealed that small business employment decreased by .05 percent. This means that there were approximately 10,000 less jobs than in September of this year.
- Reuters says that U.S. stocks ended October with their strongest monthly performance in over four years.
- Catch up on various business economics issues, including how the economy sputtered in the third quarter. Economic expansions are down 3.9 percent from April, May and June.
- Another federal market meeting passed on a policy action to boost America’s near-zero interest rates. Is the Fed’s reputation on the line as they have only one more chance in 2015 to enforce a rate hike?
Entrepreneurship
- According to Bloomberg, entrepreneurs can make luck work in their favor. Read how, throughout the decades, observers have learned luck isn’t just a random trait but rather a behavior that happy, successful people can employ.
- Do entrepreneurs do things differently? Huffington Post discusses eight ways people with the entrepreneurial spirit set themselves apart, including being brave enough to commit to their dreams.
- Can you get rich overnight as an entrepreneur? Read these truths that Entrepreneur.com believes are not discussed nearly enough.
- Read how this college student is helping immigrants build their businesses. Her business FoodtoEat.com has grown from an online ordering service to a company that connects over 900 restaurants, food trucks and vendors with corporate clients through technology.
Business Management
- Is your small business prepared for the new EMV (Europy, MasterCard and Visa) chip technology? As of October 2015, if your company does not have this latest credit card reader technology, you will be financially responsible for fraudulently used credit cards.
- Steve Strauss at USAToday.com lists his second set of “Essentials for Small Business Success.” His many ideas for success include teaming up with other businesses for strategic partnerships.
- Learn how business owners must give real thought to the issue of warehouse safety. Your reputation is on the line, not to mention your business can get tied up in lengthy and costly legal battles.
Business Law
- Find out how the SEC (Securities and Exchange Commission) adopts new rules to permit crowdfunding, which is a method of raising funds through the internet for a variety of projects. “There is a great deal of enthusiasm in the marketplace for crowd funding, and I believe these rules and proposed amendments provide smaller companies with innovative ways to raise capital and give investors the protections they need,” says SEC Chair Mary Jo White.
- As a small business owner, if you hire contractors or your own employees, you need to know the federal and state laws covering everything from benefits to workers’ compensation to discrimination and harassment. Read the Department of Labor‘s helpful guide to help you understand the entire small business employment process.
There’s our small business wrap up for October. Tune in next month to catch up on the latest small business and economy news in our incorporation blog. We hope some of this information has been beneficial to you as a business owner and entrepreneur.
Visit us at MaxFilings.com to see how else we can help you in various aspects of incorporation and management of business.