With thoughts focused on the holiday season, small business owners in Ohio continue to struggle with finding employees.
But that’s not the only issue.
Read the full storyOhio Small Businesses Continue to Struggle with Labor
Tag: small business owners
New Rule Could Cost Small Businesses $73.1 Billion over 10 Years
A legal challenge to new reporting requirements for small business owners, potentially costing them $73.1 billion over a decade, has begun with a request for preliminary injunction in a federal courtroom in Texas.
The National Federation of Independent Business, in a hearing, is seeking to stop the reporting requirements in the Corporate Transparency Act from implementation on Jan. 1.
Read the full storyOhio Labor Crisis Easing for Small Businesses
Despite slight easing, finding employees continues to be a major issue for small businesses in Ohio.
The National Federation of Independent Business showed in its September jobs report that 34% of small business owners nationally continue to report job openings they can’t fill.
That’s a better number than in previous months, but NFIB Ohio State Director Chris Ferruso thinks business owners are still working to end the year strong.
Read the full storyCommentary: An Economy That Serves Nobody Except Those in Charge
As we outlined in Part One, here in California, we have an economy that would be the fifth largest in the world if it were to be separated as a standing nation. Home to Silicon Valley, Hollywood, world-class agriculture, and medical schools, California is an economic powerhouse.
Yet we, in California, have the highest poverty rate in the nation. We have a majority of the nation’s homeless people. We have the highest overall tax rates in the nation. Our energy costs are double that of the national average. Our per-student spending in schools is well above the national average, yet our students consistently have below-average grade-level test scores. Our major cities are crime-ridden, our power grid is woefully vulnerable, and our beaches are regularly closed due to raw sewage contamination.
Read the full storyOhio Business Optimism Growing; Inflation Becomes Top Issue
Ohio small business owners continue to struggle with inflation despite growing optimism around the country, according to a new survey from the National Federation of Independent Businesses.
NFIB-Ohio released results from its monthly survey Tuesday, showing its Small Business Optimism Index rose 2.2 points in July, the highest reading since February 2022.
Read the full storySmall Businesses Worry About Inflation, Survey Shows
Small businesses cite inflation as their number one concern, according to new survey data.
The National Federation of Independent Businesses released the survey results Tuesday, which show that 21% of small business owners cite inflation as “the single most important problem in operating their business,” more than any other issue.
Read the full storySmall Business Owners Lament Inflation
As inflation continues to rise this year, small businesses are feeling the pain.
The National Federation of Independent Businesses released a survey of small business owners Tuesday that found the nation’s job creators cite inflation as their top concern more than any other issue.
Read the full storyIncreased Crime Cutting into Small-Business Earnings, Survey of Owners Finds
One-third of small-business owners say increased crime is cutting into their earnings, and 7 in 10 grade President Joe Biden’s performance negatively in terms of helping small businesses, a new poll finds.
Pollsters John McLaughlin and Scott Rasmussen conducted the survey, along with the Job Creators Network Foundation in March, among 400 small-business owners. When asked about their sentiments regarding the state of the economy, 46% of small-business owners said the economy is getting worse, while just 27% said it’s getting better.
Read the full storyCommentary: The Federal Government is Deciding Who Can Start a Small Business
Just when it seemed impossible for things to get tougher for small businesses, the federal government decided to make things worse.
Small businesses have had a tough run for the last few years. Record inflation, high interest rates, and workforce shortages have led to widespread pessimism among small businesses. The last thing they need is more government interference, but that is exactly what is happening.
Read the full storyOhio Business Optimism Rises, Concerns Remain Real
Ohio businesses were more optimistic in December but still well below normal, citing inflation as their biggest concern, according to a new survey from the National Federation of Independent Business.
The most recent study showed the NFIB Small Business Optimism Index rose 1.3 points in December to 91.9 but is still well below the 50-year average of 98. It’s the 24th consecutive month the index failed to meet the long-term benchmark.
Read the full storySmall Business Owners Pessimistic About the Economy, Poll Shows
Small business owners are pessimistic about the future of the economy, according to a new poll.
The National Federation of Independent Businesses released the polling data Tuesday, which shows that the group’s “Small Businesses Optimism Index” decreased slightly in November to 90.1, its 23rd straight month below the historical average of small business optimism.
Read the full storyMajority of Small Businesses Not Seeing Holiday Bump as Consumers Run Out of Cash: POLL
In a poll of small business owners, 76 percent said that they had not seen an increase in sales during the holiday season as inflation and other economic conditions constrict consumers’ cash, according to Goldman Sachs.
Of small business owners surveyed, 55 percent said that their profit margins decreased this year, and a further 70 percent said that their own personal spending plans for their families were negatively impacted following their own assessment of the state of the economy, according to a poll by Goldman Sachs conducted from Dec. 1 to Dec. 8 of 337 small retail business owners. Consumer spending previously slowed in October as the Americans’ savings declined to $768.6 billion in the month, down from the over $1 trillion held in May and even further from the all-time high of almost $6 trillion held in April 2020.
Read the full storySmall Business Owners Report Lower Consumer Spending Going into Holiday Season
Newly released survey data shows that small businesses are pessimistic about their retail sales going into the holiday season.
The Main Street Merchant Report released Tuesday by Alignable, a network of thousands of small businesses, are not optimistic about their sales for small businesses this weekend.
Read the full storySmall Business Owners Remain Pessimistic About the Economy
Small businesses have ongoing concerns about the health of the economy, a newly released survey shows.
The National Federation of Independent Businesses released survey results Tuesday showing that their July polling of small business owners found they are less optimistic about the economy than the historical average.
Read the full storyReport: Tennessee Shows Improved Prime-Age Employment Rate from Before Pandemic
Tennessee is one of 26 state’s that has improved its employment rate between now and before the COVID-19 pandemic, according to the Pew Charitable Trusts.
Tennessee saw a 2 percentage point improvement from 79.9% employment for those ages 25 to 54 in the first three months of 2020 compared to 81.9% employment for that age group in the first three months of 2023.
Read the full storyArizona Small Business Owners Struggle to Find Qualified Employees
The month of May reported record-high job openings among small businesses, according to the National Federation of Independent Businesses.
According to the NFIB’s May report, 44% of small business owners reported they struggled with filling open positions. Though that number is down by 1% since April, it still remains 20% higher than the 49-year average rating.
Read the full storyPoll: Small Businesses See Signs of Hope After Brutal 2022
Despite a historically tight labor market, small business owners reported that hiring difficulties had eased in December, markedly improving compared to November, according to a poll conducted by Vistage Worldwide for the Wall Street Journal published Friday.
Of the roughly 650 small business owners polled, almost 25% reported that hiring was easier in December than at the start of the year, while just 20% said it was harder, according to the WSJ. In November, those numbers were 18% and 25% respectively, and some small business owners reported success thanks to pay raises and hiring freezes or layoffs at larger firms.
Read the full storyOver 40 Percent of Small Business Owners Give Biden Failing Grade on Helping Main Street: Poll
Roughly 43% of small business owners gave President Joe Biden an “F” grade on his support for small business, according to the Job Creators Network’s monthly Small Business IQ poll, obtained by the Daily Caller News Foundation.
The Small Business Intelligence Quotient — a measure of small business optimism where scores of 100 and 0 represent the best and worst possible conditions respectively — slid to 52.9 in November from 53.3 in September and October, returning to just above the yearly low of 52.7 set in June, according to the poll conducted by pollsters Scott Rasmussen and John McLaughlin. On a monthly basis, small business owner’s optimism about current conditions climbed 0.2 points to 55.9, but expectations about the future slipped 0.09 points to 50.6.
Read the full storyPoll: Small Business Owners Trust Republicans to Help Them Amid Recession Fears
Small business owners believe they’ll benefit from Republican victories in the upcoming elections, according to a new poll.
Most small business employers believe the country is in a recession, and fear that economic conditions will put them out of business, with a majority believing a Republican victory will help them, according to the survey conducted by Rasmussen and the Job Creators Network Foundation (JCNF). The poll reflects a broader concern among voters about economic conditions and historic levels of inflation under the Biden administration.
Read the full storySmall Business Optimism Continues to Fall Nationwide, Ohio
Small business optimism fell to its lowest point in nearly 50 years, and Ohio small business owners remain cautious about growth, according to the monthly National Federation of Independent Business Optimism Index.
The index fell 0.1 points in May to 93.1, making it the fifth consecutive month below the organization’s 48-year average of 98. At the same time, the nationwide survey showed the percentage of owners expecting business conditions to improve over the next six months fell 4 points to 54%. That also represented the lowest mark in 48 years.
Read the full storyJust Six Percent of Small Businesses Have Fully Recovered Pandemic Losses, Poll Shows
Just 6% of small businesses that were negatively impacted by the coronavirus pandemic have fully recovered their losses, a Job Creators Network survey showed.
The vast majority of U.S. small business owners continue to “claw their way out” of the hole caused by the coronavirus pandemic, according to the poll commissioned by small business advocacy group Job Creators Network (JCN) and shared with the Daily Caller News Foundation. While 6% of small business owners that suffered losses related to the pandemic said they have recovered, 43% believed they would be fully recovered within six months.
Read the full storyCommentary: America’s Small Business Owners Have Been Horribly Abused During These Riots and Lockdowns
For nearly 20 years, Bridget McGinty and her sister ran Tastebuds, a popular lunch spot in downtown Cleveland.
On May 1, she made the torturous decision to close it forever after keeping it on life support for weeks after being closed due to the COVID-19 lockdowns.
Read the full storyCrom Carmichael Expresses His Concern for Small Business Owners and How the Federally Proposed Stimulus Will Still Keep Things Tight for Families
Live from Nashville, Tennessee Wednesday morning on The Tennessee Star Report with Michael Patrick Leahy – broadcast on Nashville’s Talk Radio 98.3 and 1510 WLAC weekdays from 5:00 a.m. to 8:00 a.m.– Leahy and Carmichael discussed the economy and its effects caused by the coronavirus pandemic.
Read the full storySenators Rally Support for Small Business Saturday
by Molly Prince Senators from both sides of the aisle urged constituents on Saturday to shop at small businesses in support of their local communities in what has become the annual shopping holiday known as Small Business Saturday. “Happy Small Business Saturday! Take some time today to shop small in your community,” tweeted Republican Sen. Cindy Hyde-Smith of Mississippi. “Whether it be the mom and pop store in town or the local grocery store, we should support our small businesses that depend on us for their livelihood.” Republican Sens. Deb Fischer of Nebraska, Mike Rounds of South Dakota and David Perdue of Georgia noted that small businesses are making communities stronger. Democratic Sen. Jeanne Shaheen of New Hampshire and Kansas Republican Sens. Jerry Moran and Pat Roberts referred to small businesses as the “backbone” of their states’ economies, and West Virginia Democratic Sen. Joe Manchin called them the “heart of our economy.” Some Senators even provided fun facts to express the importance of buying local. Democratic Sens. Patrick Leahy of Vermont and Cory Booker of New Jersey noted that small businesses create two out of every three net new jobs, and Republican Sen. John Hoeven of North Dakota added that 10 percent of all U.S. businesses are owned by veterans. Republican Sen.…
Read the full storyCommentary: Here’s What Small Business Owners Like Me Need in Tax Reform 2.0
by Mark J. Bollman What’s even better than one federal tax cut bill? Two rounds of tax cuts. It just might happen this summer, according to House Speaker Paul Ryan. Tax Reform 2.0, as it’s being called, would aim to make the Tax Cuts and Jobs Act’s individual tax cuts permanent, extending them past their 2025 expiration date. But just as importantly, this second set of tax cuts may focus on America’s economic backbone: small business. Small business tax cuts are the key to expanding a growing economy. When job creators spend less of their hard-earned money on taxes, they in turn invest it in hiring additional staff, expanding operations, and rewarding employees with bonuses. We’ve seen all of the above since the Tax Cuts and Jobs Act passed. Over 500 job creators around the country have announced raises, bonuses, and enhanced employee benefits for current staff, which in total benefited over 4 million hardworking Americans. [ The liberal Left continue to push their radical agenda against American values. The good news is there is a solution. Find out more. ] Just look to MB Financial in my home state of Illinois. MB Financial’s president said that “it is only natural that we share the benefits of tax reform.” He raised the base wage for hourly employees to $15 per hour, in addition to giving…
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