Some say the economy is slow to recover, but if business owners’ optimism is any indication of the things to come, turnaround may come sooner rather than later. A recently released survey from the National Federation of Independent Business shows entrepreneurs’ confidence is at its highest point since September 2008.
In a recovering climate, many entrepreneurs may consider starting the companies they’ve always wanted. The decision about whether to incorporate a company should be simple, according to VentureBeat.
According to the Small Business Administration, SMBs are responsible for 64 percent of the net new jobs created over the past 15 years. With this in mind, government leaders are looking to increase small business formation with the hopes of recovering the economy.
The Small Business Administration reports that small businesses are predicted to lead economic recovery as SMBs have created 64 percent of net new jobs in the past 15 years. Now, the administration is making an effort to spur business formation – and job generation – with an appeal to increase credit for small businesses.
Many entrepreneurs know the value of picking the right location for business formation. Now, the Small Business & Entrepreneurship Council offers insight on some of the best places in the country for business incorporation.
Some entrepreneurs think the brilliant business idea is all they need to make it big. Unfortunately, there are some logistics that can keep even the greatest concepts from launching into successful businesses – like credit scores.
President Barack Obama asked banks to help finance small and starting companies last year as experts predict these companies will drive economic recovery. Now, it seems a number of major financial institutions are stepping up to help business formation by offering funds to SMBs in 2010.
Entrepreneurs considering business formation might do well to head to Minnesota this year. A new study from the Council of State Taxation reveals that the state, which usually has the reputation of high business taxes, is one of the most business-friendly in the nation.