Welcome to T.E.A.M

Learn more about our focus on education, assistance and access to financing for minority and women business owners.

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Guest Blogger

10 Things to Avoid in Social Media Marketing.

Aliza Sherman is a new media entrepreneur, author, women's issues activist, and international speaker.

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Tip of the Week

Strategic Performance Management

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NFIB Weekly News

NFIB Weekly News Leading the News

Small Business Optimism Near All-Time High. (12/12/2017)

The NFIB indicated that small business optimism in November reached a level not seen “since the roaring Reagan economy” in 1983. NFIB President and CEO Juanita Duggan is quoted saying, “We haven’t seen this kind of optimism in 34 years, and we’ve seen it only once in the 44 years that NFIB has been conducting this research. ... Small business owners are exuberant about the economy, and they are ready to lead the U.S. economy in a period of robust growth.” The Small Business Optimism index for November increased by 3.7 points, “a sharp increase over what was already a near-record performance the previous month.” NFIB said, “Eight of 10 components posted gains, including a stunning and rare 16-point gain in Expected Better Business Conditions and a 13-point jump in Sales Expectations.” NFIB Chief Economist Bill Dunkelberg is quoted saying, “The NFIB indicators clearly anticipate further upticks in economic growth, perhaps pushing up toward four percent GDP growth for the fourth quarter. This is a dramatically different picture than owners presented during the weak 2009-16 recovery. ... The change in the management team in Washington has dramatically improved expectations.”

Business Climate

Trump Says Tax Bill “Getting Closer And Closer,” But Analyses Say Much Work Remains. (12/12/2017)

President Trump touted the Republican tax plan in a Sunday morning tweet, writing, “Getting closer and closer on the Tax Cut Bill. Shaping up even better than projected. House and Senate working very hard and smart. End result will be not only important, but SPECIAL!” In addition, House Majority Leader McCarthy expressed optimism about a vote by the end of next week. However, coverage and analyses focus on the substantial differences between the House and Senate versions, pointing out that there is a lot of work to be done in a short time.

NBC Nightly News (12/10, Snow) reported, “Members of the House and Senate will meet this week to come up with final tax bill.” NBC’s Hallie Jackson: “The President and the Republicans in Congress are hoping for a big win with this $1.5 trillion tax cut bill. ... But when you look at what’s actually the sticking points here, there’s a few of them. One surrounds capping deductions for state and local taxes. That is something that affects people in high tax states the most, places like California and New York. So Republicans, especially in the House, who represent those areas have some real concerns. Lawmakers are also deciding on just how big that corporate tax rate cut should be, 20% or 22%.”

Small Business Marketing

Young Readers Spend More Time With Newspapers In Print Than Online, Study Finds. (12/12/2017)

Journalism (UK) (12/7, Scott) reports a study published Thursday in Journalism Studies (12/7) found “that in 2016, 65 per cent of the time spent with newspapers brands by their 18-34 year old readers came via their print editions...compared to 11.9 billion minutes spent accessing the websites and apps of the same publications.” One exception “was the Daily Mail, where young UK readers spent twice as much time with the publisher online than in print, which” the study “attributed to its editorial approach focused on entertainment and celebrities.” Yet, “the time spent reading newspapers has dropped considerably (40 per cent) since the turn of the millennium, and the time spent by 18-34 year olds with newspapers brands has dropped by 64 per cent.”

Wages and Benefits

Small Business Owners Search For Alternatives As Health Care Costs Rise. (12/12/2017)

The AP (12/6, Rosenberg) reported that small business owners are receiving notices about premium and coverage changes for next year, and many of them “are facing rate increases of double-digit percentages or dramatically reduced coverage – or both.” The article reported consultants anticipate more owners will “rethink their strategies beyond 2018 and choose alternatives like paying for claims themselves or adding health services that can lower costs.” Some owners said they may no longer be able to protect their employees from rising health care costs. The piece added that the ACA does not require companies with less than 50 employees to provide coverage, “but many do because they feel it’s right or because it helps them compete for and retain top workers.”