Our daily blend of the latest news, trends and tips for the small business community.
What’s going ‘on’:
Experts increasingly pessimistic about the future of manufacturing: Economists have begun to challenge the notion that the country’s recent decline in manufacturing employment means that workers and factories are becoming more efficient, instead blaming the trend on the declining global competitiveness of American manufacturers. The apparent productivity gains reflected in official statistics have been miscalculated and misrepresented, they say, a view that will be backed up by new research published in an ITIF report later this week.
American entrepreneurial activity declines:The United States’ entrepreneurship machine slowed last year but continues to chug along faster than in the years leading up to the recession, according to new data from the Kauffman Foundation. The rate dipped in each region of the country except the Northeast, which experienced a slight uptick.
Access to capital triples likelihood of start-up plans: A new Gallup poll shows that, worldwide, individuals who currently have access to funding are three times more likely to say they are planning to start a business in the coming year (18 percent) than those who don’t (6 percent). The poll also showed that residents of sub-Saharan African countries are now the most likely to plan to start a business (20 percent).
Keep an eye ‘on’:
House Republicans unveiling a new budget: Lawmakers are preparing to renew their battle over government spending as both parties await the arrival of a new budget plan authored by Rep. Paul Ryan (R-Wis.) on Tuesday. A year ago, Ryan’s budget, complete with deep spending cuts and a proposal to privatize Medicare, became a conservative staple.
Senate set to vote on JOBS bill: The Senate will on Tuesday cast its first procedural vote on the JOBS bill, which easily passed through the House 390-23 last week but has already run into hurdles on the opposite side of the Hill. The bill would ease SEC regulations for many small businesses aiming to enter the public markets.
Helpful advice ‘on’:
How to stay productive amid all the March Madness (OSB)
How your firm can get free online publicity (Miami Herald)
How to promote your business locally (Small Business Tech)
How to scale your business to millions in revenue (Inc.)
How owners can maintain an upbeat attitude(Entrepreneur)