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Consumers Are Ready to Spend on Luxury Products and Services
current events, Getting Advanced, Home Page Blog
Consumers Are Ready to Spend on Luxury Products and Services
29 July 2013

As the economic recovery begins to gain steam, more Americans are feeling confident about their purchasing power. They’re so confident, in fact, that interest in buying luxury products and services is on the rise among affluent customers at all household income levels and even among the not-so-affluent consumer. The Shullman Luxury and Affluence Monthly Pulse conducted by the Shullman Research Center says about one-third (37 percent) of U.S. adults with household incomes of $75,000 or more plan to buy a luxury product or service within the next 12 months. Read more…

Web.com Small Business Tip of the Day: Prepare for Obamacare
current events, Getting Advanced, Home Page Blog

With the recent delay in the employer mandate for health care reform on the minds of small business owners, another study shows that the majority of business owners still aren’t sure how to prepare for the new regulations. In its SB Authority Market Sentiment Survey, Newtek Business Services The Small Business Authority® found that 52 percent of business owners do not know how to prepare for the upcoming healthcare reform changes. Of the rest, 24 percent plan to reduce benefits to employees, 13 percent plan to rebid their policy, and 11 percent plan to reduce business expenses overall. Read more…

Web.com Small Business Tip of the Day: Business Travel Finds Its Wings
Business, current events, Getting Advanced

If you and your employees are taking more business trips this year, you’re not alone. The latest quarterly forecast from the Global Business Travel Association (GBTA) indicates that business travel spending should see continued growth throughout 2013—especially in domestic travel. Business travel spending for 2013 is expected to reach $273.3 billion–an upgrade from last quarter’s forecast of $268.3 billion–an upgrade from last quarter’s forecast of $268.5 billion for the year. Read more…

Web.com Small Business Tip of the Day: New Size Standards for Small Businesses
Getting Advanced, Home Page Blog, Management

Effective July 22, 2013, more than 17,000 firms not previously eligible for SBA benefits will qualify to receive Small Business Administration aid. That’s because SBA size standards have been adjusted to include more companies. The new rule is based on market shifts, including the average size of companies, within 70 industries.For some industries, the average annual revenue size standard was increased to $35.5 million from $7 million. Read more…

Web.com Small Business Tip of the Day: I Have Confidence in Confidence Itself
current events, Home Page Blog, Just Getting Started

Ask your customers how they feel about the current economy and you’ll probably get a wide variety of answers. But according to the latest Conference Board Consumer Confidence Index, Americans are more optimistic about the economy than they have been since the recession began. The group’s Index jumped to 81.4 this month, up sharply from 74.4 this month, up sharply from 74.3 in May. Read more…

Could Ignorance About Health Insurance Cost You Your Business?
current events, Getting Advanced, Home Page Blog

Are you putting your own health—and your business’s health—at risk? A recent study by Cigna, My Business, My Health, found that one-fourth of America’s 42 million self-employed small business owners don’t have health insurance. The primary reason (cited by 82 percent of those uninsured entrepreneurs) is that it’s too expensive. Small business owners without insurance admit that they’re prioritizing their business over their personal welfare and health (60 percent of uninsured respondents). Read more…

Web.com Small Business Tip of the Day: Be Prepared
current events, Getting Advanced, Home Page Blog

With the deadly tornadoes in Oklahoma recently, and the Atlantic hurricane season just beginning, it’s always a good reminder to take inventory of your disaster preparedness plan. Hopefully, you have one for your family (what items to save, a central meeting place, etc. ), but you should also have one for your business. Read more…

The Greener Your Business, the Greener Your Sales, Survey Says
Getting Advanced, Home Page Blog, Marketing and PR

Three out of four small businesses say that demand for and sales of green products and services actually increased over the recent economic downturn, reports a new survey by Green America (GA), EcoVentures International (EVI) and the Association for Enterprise Opportunity (AEO). Among companies that reported sales increases during the recession, the more green the company was, the more likely it was to have increased sales. The market for green products and services has grown dramatically in the past decade, the report says; for example, the market for green construction has increased by 1,700 percent, at the same time the demand for conventional construction has shrunk by 17 percent. Read more…

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