Though small business owners may be weary of the market, cyber security is not something they worry about. The PNC Economic Outlook survey found that only one in 10 small business owners were concerned about cyber security. Richard Bynum, executive vice president and head of business banking at PNC Bank, explains that “It is a big concern because it doesn’t take much more than one breach to have that nightmare scenario.” Read more
talk small, hear small, eat, sleep and breathe small. Because when you’re trying to connect with a small business, you must understand everything about those who run them.
The mayor and city Chamber of Commerce just launched SFBiz Connect, a program that encourages big companies to redirect at least 5% of their spending to local firms, particularly small businesses. This small change in spending could have a big impact on small business.
If you want to see the direction the economy is heading, look at the drivers and builders. Literally. Freight trucking grew nearly twice as fast as any other small business industry in the past year. And five of the 10 fastest growing industries are tied to construction.
Flip-flops from combat boots. Bangles out of bombs. Skilled employees from former narco-driven economies. Resourceful use of technology helps this U.S.-based small business to have a global supply chain.
As consumers fall in love with online services, they’re demanding similar experiences in their B-to-B life.