Small Business in the News: Feb 6 - 12, 2016

We know there is too much to keep up with when you’re a busy entrepreneur, so we compile small business news highlights each week for you to read only what matters most. Here is a summary of the top stories for February 6 – 12, 2015.

Workers in Small Businesses Quitting at the Highest Rate in a Decade

Job openings at small businesses around the country climbed to 5.61 million in December, while the number of folks quitting rose to 3.06 million, the highest seen in 10 years. This rich job market is making workers confident in their ability to quit their current employment and find better jobs quickly. However, small businesses report unfilled job openings and a lack of qualified candidates, causing 27% of SMBs to hike pay for workers. Read more...

Small Business Owners Not Connecting with 2016 Presidential Candidates

A report released on Wednesday from the National Small Business Association found that only 5% of small business owners think the 2016 presidential candidates have a very good understanding of small business. Because economic policy plays a major role in the outlook small business owners have on their future, this lack of confidence is having an impact on the election. Read more...

Windows 10 Adoption Lags Behind for Small Businesses

Since the release of its newest operating system, Windows 10, Microsoft has observed the fastest adoption of the platform upgrade ever - but only across its big business partners. Businesses with more than 500 employees have upgraded to the free software at a rate 3 times higher than small businesses, but Microsoft intends to increase that number by moving away from tech support and hardware that support the older OS, Windows 7. Read more...

American Express Expanding Small Business Offering

In the wake of its canceled credit card partnership with Costco, and in anticipation of the decrease in revenue as a result, American Express announced on Tuesday that it plans to offer credit cards on the alternative lending site Fundera to entice small business owners to consider a line of credit instead of a loan. Only 10% of small businesses use credit cards as funding, instead relying on cash or traditional loans.  Read more...

 

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