A Florida small-business owner is suing the Biden administration for racial and gender discrimination in connection with the $1.2 billion Infrastructure Investment and Jobs Act, which Biden signed into law in November 2021. Christian Buckner, a disabled immigrant, filed a federal lawsuit yesterday, challenging a stipulation in the law that declares him ineligible to bid…
Immigrant Small-Business Owner Sues Biden Administration for Racial Discrimination
Small Business Optimism Index Hits All-Time Low
The NFIB Small Business Optimism Index fell to the lowest point in the 48-year history of the metric in June, as growing storm clouds on the horizon of the U.S. economy threaten the ability of small business owners to maintain profits. The NFIB index fell by 3.6 points to an unprecedented low of 89.9, reflecting…
America’s Small Businesses Pained by Sting of Inflation
America’s small businesses have been plagued by the sting of persistently high inflation, with experts predicting little relief from high prices in the near term in an increasingly fraught economic climate with recession and stagflation fears on the rise. According to a new report from the U.S Chamber of Commerce (pdf), nearly 9 in 10…
Survey: A Third of US Small Businesses Can’t Pay Rent Because of Inflation
More than a third of small businesses can’t pay rent, newly released data shows. The small business network Alignable released new survey results that found that 35 percent of U.S. small business owners “could not pay their rent in full or on time in June.” “Most small business owners attribute this worsening situation to record-breaking…
Make No Mistake, Higher Minimum Wages Have Unintended Consequences
June 28, 2022
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Commentary The Australian Fair Work Commission’s (FWC) recent decision to increase the federal minimum wage by 5.2 percent and 4.6 percent for award minimum wages was higher than most expected. Usually, the FWC strikes a balancing act between the demands of unions and employer groups. But this year, there can be no doubt the commission…
Small Business Optimism for Economic Improvement Hits 48-Year Low: Survey
News Analysis The National Federation of Independent Businesses (NFIB) released its monthly optimism index report on June 14, attesting to the lowest ever score for the 48-year-old metric, as small business owners contend with the pressures of inflation and a tight labor market. The NFIB index fell by 0.1 percentage point from the previous month…
COVID-19 Pandemic Sparks Entrepreneurship Spirit in Young Australians
A new study has shown that sixty-five percent of young Australians already own a business or intend to start one after the COVID-19 pandemic disrupted their career plans. The web-hosting company GoDaddy surveyed 1,002 Australians aged 18 to 24 and found that 57 percent of them had changed their work priorities due to the travel…
Simple Keys to Small Business Success
Dear Dave, Do you have any advice on how to start a car wash and detailing business? What things should I consider first, and what do I keep in mind over the long run? —Andrew Dear Andrew, I’m excited for you, man! And I love your ambitious spirit. Working for yourself is one of the…
Small-Scale Business Ideas
April 23, 2022
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Do you dream of becoming your own boss? Start small and grow. That’s what everyone thinks of when a small business comes into mind. While you might think of starting your own business, the struggle to choose a real business from the many ideas in the market can be a challenge. When starting a small-scale…
61 Percent of Small-Business Owners Fear Rising Inflation Will Cripple Them
Over 60 percent of American small-scale employers are worried about inflation threatening their businesses with the highest prices since 1982, according to a recent survey by Clarify Capital. In a poll of more than 500 small-business owners, 61 percent said they were worried about staying afloat in the current economic climate. Sixty-six percent of poll respondents…
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