A new survey reports that the potential minimum wage hike could close 3 percent of small businesses. Another 30 percent of small businesses said that they would curb hiring./p> National executive search firm The Lucas Group asked 400 small- and mid-sized businesses how a minimum wage hike may affect their daily operations. Many of the respondents said that they would be … [Read more...]
Affordable Care Act Impacts Small Businesses
January saw major changes to the US healthcare system and small business owners are some of the most affected. From tax breaks to penalties, companies from California to New York are feeling the crunch. Rules for Single-Person Businesses The Affordable Care Act essentially says that everyone must have health insurance or pay a fine. Entrepreneurs and sole proprietors fall … [Read more...]
The Hertz Corporation Gets Moving on New Ventures in Car and Rental Equipment
The Hertz Corporation recently announced that it would soon spin off its equipment rental corporation. The separation is planned as a tax-free spinoff to Hertz shareholders and is expected to close by early 2015. It would result in net proceeds of an estimated $2.5 billion. The rental equipment company currently has 335 branches in Canada, the United States, Spain, France, … [Read more...]
Professionals Serve as Corporate Role Models Through Volunteerism
For modern business, being an active philanthropist in the local community doesn’t mean sacrificing revenue. In fact, these ventures can actually inspire a measure of goodwill that keeps a business on track for more sales and customer revenue. According to a recent study performed by Echo Global and Cone Communications, 91 percent of customers are motivated to switch brands to … [Read more...]
U.S. Real Estate Market Expected to Rebound in 2014
After year of difficulties, the housing market continued its resurgence in 2013. The improvement is expected to continue over the next 12 months, but the pace will be sluggish. Industry experts believe that 2014 should see continued stabilization and growth in the housing market, which will be defined by fewer foreclosures, rising home prices and increased overall activity … [Read more...]