Our daily blend of the latest news, trends and tips for the small business community.
What’s going ‘on’:
SBA changes ‘small’ standard for transportation, warehousing: The Small Business Administration on Monday published a final rule in The Federal Register raising the size definitions of small businesses in the Transportation and Warehousing sector while also proposing a rule increasing the size standards for the Health Care and Social Assistance sector. The increases were said to reflect changes in market conditions.
Germany comes to Greece’s aid: Germany’s parliament overwhelmingly approved its country’s contribution to the Greek bailout on Monday, serving as a reminder that Europe’s largest economy is still willing to muster billions to aid its poorer neighbors. The $174 billion rescue package was approved after weeks of threats to let Greece default.
Consumer debt falls to close 2011: United States households continued to shave debt in the fourth quarter as mortgage balances declined, according to a report released Monday by the New York Federal Reserve. Consumer debt slipped a modest 1.1 percent from the third quarter of 2011, led down by a 1.6 percent decline in mortgage balances, further evidence that the housing market and overall economy are starting to recover.
Keep an eye ‘on’:
Yelp IPO coming later this week: The company behind the popular online-review service plans to raise up to $100 million by offering 7.15 million shares at a price between $12 and $14 apiece. Yelp will likely price the offering on Thursday and the stock is expected to trade the next day on the New York Stock Exchange.
Online retail to spike in next four years: American consumers will spend $327 billion online in 2016, up 45 percent from the $226 billion they are expected to spend this year, according to new projections from Forrester Research. Driving that growth will be more consumers shopping online, the spread of mobile technology, flash sales, and loyalty and free shipping programs.
Helpful advice ‘on’:
How entrepreneurs can reach out using Instagram (OSB)
How body language factors in at work (Capital Business)
How crowdfunding can work for your business (NFIB)
How a business card can pack a big punch (Fast Company)
How to create a confusion-free e-mail system (Open Forum)