Our daily blend of the latest news, trends and tips for the small business community.
What’s going ‘on’:
Women-owned businesses growing in number, not size:The number of women-owned firms has increased faster than the national average and now accounts for nearly one in three companies. However, they remain tiny, accounting for only 6 percent of the nation’s workforce, according to a new report by America Express OPEN.
Economic crises spreading to Asia: Ripple effects of the downturns in Europe and the United States have reached China, India and other developing nations, where, in many, economic growth is slowing and the immediate outlook appears increasingly bleak, according to the latest report from the International Monetary Fund.
Credit reporting firms under new watch: Starting in September, for the first time, the companies that determine individuals’ credit scores will be supervised by the Consumer Financial Protection Bureau, according to an announcement on Monday. That includes the three big credit reporting firms: Equifax Inc., Experian and TransUnion.
Keep an eye ‘on’:
Obama, Senate Democrats divided on investment tax:Democratic lawmakers have largely backed President Obama’s recent tax plans; however, their plan reportedly includes a 20 percent tax on income from investments next year (lower than it would be by continuing the Bush-era standards), whereas the president wants to let the current tax break on dividends expire entirely.
Helpful advice ‘on’:
How to hunt for talent on social media (OSB)
How to create pre-launch buzz (Entrepreneur)
How to get an early marketing jump (Leo Starts Up)
How to run a successful Kickstarter campaign (Inc.)
How running a small business has changed (SBT)