Our daily blend of the latest news, trends and tips for the small business community.
What’s going ‘on’:
Smallest firms slowly adding workers: The nation’s smallest firms increased hiring this past month but at a slightly slower pace than earlier in the year, according to the a report released by ADP on Thursday. Businesses with fewer than 50 employees added 67,000 jobs during the month, down from the average 100,000 they added each month from January through March
Q1 Economic growth overstated: The American economy grew at an annual rate of 1.9 percent in the first quarter, slower than first estimated, according to an announcement Thursday from the Commerce Department. Officials had initially reported 2.2 percent growth, but consumers and the governments spent less than they initially thought.
Retailers post modest growth: Major retailers posted a 4 percent rise in revenues at stores open at least a year, according to new data from the International Council of Shopping Centers, but the group’s chief economist says troubling economic data may continue to weigh on consumers’ minds in the months ahead.
Keep an eye ‘on’:
Small business optimism remains high:Small business owners remain optimistic about the coming months, as SurePayroll’s latest Small Business Scorecard held steady at 64 percent. Half of respondents said they’re experiencing increased revenue and growth in their businesses, but productivity is outpacing the need to hire.
Helpful advice ‘on’:
How to launch and grow a successful start-up (Slate)
How to keep your office politically compliant (Post Politics)
How entrepreneurs can network effectively (Forbes)
How to build up your E-mail marketing list (SBA)
How to grow great leaders within your business (Inc.)