Small Business in the News: Oct 31 - Nov 6, 2015

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 October 31-November 6, 2015.

Business Owners Optimistic This Holiday Season
A new report from American Express OPEN says that small business owners are confident sales will be better (37%) or at least the same (55%) as last year's holiday season. The OPEN Holiday Growth Pulse, released yesterday, surveyed over 1,000 business owners with more than $250,000 in annual revenues. 54% of business surveyed feel that their potential for business growth will be contingent on a successful holiday season. Read more...

Small Business Healthcare Exchanges Seeing Slow Enrollment
SHOP, the Small Business Health Options Program, set up in 2014 by the Affordable Care Act, has seen paltry enrollment in the states where online health insurance marketplaces were established. Of the sixteen states plus the District of Columbia that are currently enrolling small businesses into the small-group insurance plans, only New York and California have observed much activity. Overall, the SHOP exchanges have only enrolled 1% of the entire small-group insurance market nationwide. Read more...

Square Payroll Debuts to Streamline Small Business
Square recently released its cloud-based payroll service for small businesses who employ hourly workers. The service is offered for $20 a month with a $5 fee for everyone included in the payroll. In conjunction with Square Register, the point-of-sale payment solution, it offers a comprehensive tool for small businesses to manage their hourly employees schedules, paychecks and W2s for a fraction of the cost and effort typically associated with such back-office tasks. Read more...

Trans-Pacific Partnership Released With Little Support for Entrepreneurs
On Thursday, the White House released its 6,000 page Trans-Pacific Partnership (TPP), a trade agreement intended to make international business move more effectively. In fact, the document outlines how to make the world economy 40% more efficient. Unfortunately, almost none of the document provides support for innovators wishing to conduct business overseas. In a country where 33% of exports are from small businesses, the oversight is noticeable. Read more...

 

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