ERP (Enterprise Resource Planning) is an important tool in any organization. ERP system integrates all function in an organization like planning, inventory management, engineering, order processing, manufacturing, sales, accounting finance, etc. The major advantage of the ERP system is it is equipped with real-time capabilities. It is forecasting the company’s performance for the future period. […]
February, 2012
Webvisible and Nielsen conducted a survey to know the internet habits of both small business owner and consumers and how they stay connected with each other. It was found that 63% of small business owners and consumers find internet as a prime source for finding information about local companies and among them 82% find search […]
According to Small Business Employment Index, by Intuit Inc., the month of October in 2010 saw a growth in employment, compensation and hours worked. In October, the employment by small business showed a growth of 0.2% (0.26% in September), which equals to 44,000(52,000 in September) new jobs, leading to 2.7%(3.2% last month) annual growth. The […]
According to a data released by TriNet Human Capital Index (HCI) in September 2010, the hiring increased by 0.79% and the layoffs decreased by 42.4% in the category of Small innovative technology and services companies. From last year to this year the hiring decreased by 19%, while the layoffs slowed down, indicating SMBs are focussing […]
There were two contradicting reports given by e-marketer and American Express, on the usage of social media by U.S SMBs. According to e-marketer small firms are found to hold back marketing efforts through social media. While, Small Business Monitor report in OPEN Fall 2010, by American Express,says that in the past year, the application of […]
According to a survey conducted by Zoomerang on 750 small and medium sized businesses, small firms with limited budgets (having marketing budgets less than $1000) opted for social media tools are they were free or low cost, but were not interested in developing their own websites. One third of the surveyed respondents were found to […]
According to Survey on Business Confidence, by Adminstaff, it was revealed that, 21% of the small business owners expect a economic rebound in mid 2011 and 47% expect it to happen in last six months of 2011 and 30% are unsure. On being asked about their business performance, 67 (72% in last survey) percent of […]
New York’ economy is heavily dependent on the performance of small businesses as the majority of the business sector in the city is dominated by small businesses. As per the definition by SBA, firms with fewer than 500 employees is termed as small business. Going by that definition, it is found that majority of the […]
Every business needs liability insurance as it is tailored with specific risks and requirements. Taking a business insurance policy that includes business liability insurance ensures that your business would not end up incurring financial losses. Accidents, damages cannot be predicted. Likewise, there are no liabilities or risks covers available for businesses that might cause injury […]