Our daily blend of the latest news, trends and tips for the small business community.
What’s going ‘on’:
Recession wiped out 200,000 small businesses:More than 200,000 small firms disappeared in the heart of the recession between early 2008 and 2010, according to analysis of Census figures. That loss also cost the nation roughly 3.1 million jobs over the same period, putting an ever greater strain on the economy.
House approves measure to block new regulations: House Republicans on Thursday passed a bill to prevent the government from imposing new business regulations until the unemployment rate drops to 6 percent. The measure has little hope in the Senate but continues to frame each party’s main arguments heading into the elections.
Weekly unemployment claims drop: New unemployment applications slipped by 35,000 last week to 353,000, according to the latest data from the Labor Department, marking yet another week of volatility in the jobless numbers. This week’s tally came in well below economists’ average prediction of 380,000.
Keep an eye ‘on’:
Small business owners add context to Obama remark: President Obama and Mitt Romney are racing to put their own spin on the former’s now infamous “you didn’t build that” statement. Small business owners and advocates have come down on both sides of the public debate, some arguing that the president doesn’t understand entrepreneurs’ sacrifices, others suggesting his words were yanked way out of context.
Helpful advice ‘on’:
How to stay sane when working from home (OSB)
How to decide whether to patent your idea (Inc.)
How to sell to the bottom of the pyramid (SBT)
How to improve marketing messages (Entrepreneur)