Small business news today
Here are some of the latest small business news stories:
1. Small Business Optimism Index Hits Record High
The National Federation of Independent Business (NFIB) Small Business Optimism Index has reached a record high of 104.5 in January, driven by increased optimism about the economy and hiring plans. (Source: NFIB)
2. Small Business Owners Expect Revenue Growth
According to a survey by Bank of America, 63% of small business owners expect their revenue to increase in the next 12 months, with 44% expecting a significant increase. (Source: Bank of America)
3. Gig Economy on the Rise
A report by Intuit estimates that by 2025, 43% of the workforce will be freelancing, with 63% of small business owners already using freelancers. (Source: Intuit)
4. Small Business Lending on the Rise
The Small Business Administration (SBA) has reported a 10% increase in small business lending in 2022, with $34.4 billion in loans approved. (Source: SBA)
5. Cybersecurity Threats a Growing Concern
A survey by Hiscox finds that 64% of small businesses have experienced a cyberattack in the past year, with 45% reporting a significant impact on their business. (Source: Hiscox)
6. Small Business Owners Prioritize Employee Benefits
According to a survey by ADP, 64% of small business owners prioritize offering employee benefits, such as health insurance and retirement plans, to attract and retain top talent. (Source: ADP)
7. E-commerce Sales Continue to Grow
The National Retail Federation estimates that e-commerce sales will reach $843.5 billion in 2023, with small businesses playing a significant role in the growth of online shopping. (Source: National Retail Federation)
8. Small Business Owners Embrace Technology
A survey by Clutch finds that 71% of small business owners use cloud-based software, with 55% using artificial intelligence (AI) and machine learning (ML) tools to improve operations. (Source: Clutch)
9. Small Business Owners Prioritize Sustainability
According to a survey by UPS, 75% of small business owners prioritize sustainability, with 62% reporting that they have implemented sustainable practices in their operations. (Source: UPS)
10. Small Business Owners Expect Increased Competition
A survey by Vistaprint finds that 62% of small business owners expect increased competition in the next 12 months, with 45% reporting that they plan to adapt by investing in marketing and advertising. (Source: Vistaprint)
These are just a few of the latest small business news stories. I hope you find them helpful!