New York SBDC Research Network

The Census Bureau released updated editions of Census  Business  Builder that provide major updates and features, mobile-optimization, and performance improvements to this popular suite of tools.  Census  Business  Builder:  Small   Business  Edition  and  Census  Business  Builder: Regional Analyst Edition  include the following new features: ·         An expanded and customizable dashboard with charts that allow users to compare data at   national, state and local area levels and to compare current data to historical trends. ·         New map features, including the ability to download the data directly from the map. ·         Access to information at the state level as well as for counties, cities/towns, zip codes and census tracts. ·         New age category of 21 and older. ·         Fully interactive and downloadable reports. The  Small   Business  Edition also now includes industry access to all 2,014, 2- to 6-digit North American Industry Classification System   (NAICS) codes

From MarketingProfs : Consumers generally value competence more than morality when choosing among service providers, but that effect is weakened if the less-competent provider is seen as an underdog, according to recent research published in the AMA's Journal of Marketing... The researchers conducted five studies to compare the impact of competence, morality, and warmth on consumers' choices. The first study analyzed Yelp.com reviews of businesses to see how different attributes correlate to positive evaluations. Some 88% of the positive online reviews examined mentioned competency attributes (reliable, knowledgeable, etc.). In contrast, only 56% of the positive online reviews mentioned warmth attributes (friendly, etc.), and just 18% mentioned morality attributes (honest, trustworthy, etc.).

From Inc If you haven't noticed, Millennials have been on the rise. They are now the largest living group according to the Census Bureau. Because so many Millennials are in charge of buying decisions, the world is changing and business trends for the upcoming years will have to cater more to this generation. For an audience that craves success and technology, here are 10 strategies you may want to consider revamping for 2017. From Entrepreneur While it’s no secret that millennials have taken over the workforce -- according to Census Bureau data, they are now the largest living group -- how we groom them for leadership is a test many of us will face in 2017. Sure enough, a Bersin by Deloitte report has predicted that 2017 will be a disruptive year, during which more than three million company chiefs are set to retire, leaving those jobs wide open for up-and-coming young professionals. So, here’s my advice: Plan ahead. Give your young employees the tools to be leaders no

From Tech Republic : Nearly half of businesses report that they were the subject of a cyber-ransom campaign in 2016, according to Radware's Global Application and Network Security Report 2016-2017. Data loss topped the list of IT professionals' cyber attack concerns, the report found, with 27% of tech leaders reporting this as their greatest worry. It was followed by service outage (19%), reputation loss (16%), and customer or partner loss (9%). Malware or bot attacks hit half of all organizations surveyed in the last year. One reason for the pervasive attacks? The Internet of Things (IoT). Some 55% of respondents reported that IoT ecosystems had complicated their cybersecurity detection measures, as they create more vulnerabilities. Ransomware attacks in particular continue to increase rapidly: 41% of respondents reported that ransom was the top motivator behind the cyber attacks they experienced in 2016. Meanwhile, 27% of respondents cited insider threats, 26% said po

From the Harvard Business Review Bringing new technology and tools into your organization can increase productivity, boost sales, and help you make better, faster decisions. But getting every employee on board is often a challenge. What can you do to increase early and rapid adoption? How can you incentivize and reward employees who use it? And should you reprimand those who don’t? According to a study by MIT Sloan Management Review and Capgemini Consulting, the vast majority of managers believe that “achieving digital transformation is critical” to their organizations. However, 63% said the pace of technological change in their workplaces is too slow, primarily due to a "lack of urgency" and poor communication about the strategic benefits of new tools. "Employees need to understand why [the new technology] is an improvement from what they had before," says Didier Bonnet, coauthor of Leading Digital and Global Practice Leader at Capgemini Consulting, who worked

From Patreon : When I got to PatreCon— Patreon’s first conference for creators— I’d hit a wall in my career. My novel trilogy had just been rejected by publishers. Not because it wasn’t good, but because almost no one wanted to commit until all three volumes were finished. Which meant I’d just spent three years writing for free, and was looking at two more years of doing the same. I arrived at PatreCon feeling pretty helpless. The first night of the conference, we got a tour of Patreon headquarters. As soon as we started walking around, I felt better, though I couldn’t say exactly why. I just felt like I’d come to a safe space... In talking to other creators, I realized that everyone had stories like mine. Everyone had hit a wall—realizing that even if they were talented, worked hard, and did everything “right,” the game was rigged against them. In fact, that’s how musician Jack Conte came up with Patreon in the first place: he’d once spent $10,000 of his own money building a set

From SBA : Access to cash via a line of credit is an important safety net for a small business. Although there are various types of credit lines available, it is the flexibility it provides that makes it so popular among small business owners. A line of credit is more like cash on demand for a set amount. You can draw funds up to the credit limit set when your company needs it, and you only pay interest on the funds you withdraw. Best of all, every dollar of principle you pay back becomes available for the company to use again. The important thing to remember is credit lines for businesses have received an overhaul in the past several years. No longer is a credit line being issued just by banks down the road. Today, there are completely different lines of credit issued to businesses from alternative lenders rather than by banks alone. In addition, small business owners can also get credit lines secured by specific types of collateral such as equipment and accounts receivables.

From NOLO Thinking about starting a business? You're not alone. Every year, thousands of Americans catch the entrepreneurial spirit, launching small businesses to sell their products or services. Some businesses thrive; many fail. The more you know about starting a business, the more power you have to form an organization that develops into a lasting source of income and satisfaction. Learn how to evaluate and develop your business idea; decide on a legal structure for your business; choose a name for your business; and much more.

From Bplans : Bplans loves SaaS (or “software as a service”). It also loves SaaS businesses, subscription businesses, and the subscription business model in general. So, the company has made an effort to create resources to help you learn more about what running a SaaS or subscription business actually entails, and give you the tools to start and run one successfully. Here, you’ll find all of the best SaaS and subscription business resources, starting with a detailed definition of a SaaS business (so if you’re still unsure what it actually means, don’t worry—it's covered), all the way through how to grow your SaaS or subscription business, and inspiration from some truly bizarre subscription products out there.

From BizWomen : When Heatherjean MacNeil launched her fashion startup, Proxy Apparel, several years ago, she applied to a prominent accelerator program. Two years in a row, she was accepted as a finalist. And two years in a row, she found herself pitching her business to the same room of older white men. The men had money to give, which was good. But there were misunderstandings about market opportunity, the vision behind the potential consumer demand and avenues for growth. “I think that [more broadly] represents the fact that, particularly in investment circles, there’s such a strong absence of women, so you feel as if you’re the other,” MacNeil told me recently. “And I think it’s harder to understand how to build relationship capital in that context.” Now, she’s part of a team of women working to create an alternate experience for other female entrepreneurs. MacNeil co-founded with Susan Duffy and Sharon Kan the Babson College Women Innovating Now Lab— or WIN Lab — an eigh

From the Business Journals : The Supreme Court of the United States begins its 2016 term Monday. Virtually by definition, cases that reach the land's highest court are historic in nature, but there are plenty of prominent and divisive cases to go around this term. The session will be further complicated by the court still being down a member after the death of Justice Antonin Scalia in February. If the court splits 4-4 on a ruling, the lower court's ruling effectively stands. Here are some of the key business cases before the court this term — with what's in dispute and what's at stake. Samsung Electronics v. Apple Inc...

From Bplans Almost every business has some form of insurance to protect it from fires, lawsuits, and vandalism—things that are 100 percent not boring. In fact, the first business insurance policies came from Lloyd’s of London, which used to be a coffee shop where sailors and merchants gathered. It was a perfect storm: Lloyd’s picked up on how dangerous sailing was and that merchants wanted insurance in case their sailors were thrown overboard, goods were lost at seas, or pirates did pirate-y things. This little coffee shop starting selling marine insurance and soon enough, it became the nexus of the insurance world. Three hundred years later, it still is. If you’re a small-business owner, chances are you don’t need pirate insurance. If you do, heaven help you. For most business owners, there are four non-pirate kinds of insurance that cover most major exposures.

From Zadar Storage Preventing a cyber attack should be one of, if not the main goal of your IT department. Your press releases need to focus on things like your outstanding awards, exciting new product lines, and the addition of stellar new industry talent to your roster. You don’t want to be issuing press releases trying to explain how you leaked 1,500 customer identities or allowed other sensitive data to be exposed to the deep recesses of the Dark Web (like the much feared and dreaded Panama Papers) — or worse, published on the searchable Internet at large (Sony and Ashley Madison ring any bells?). These kinds of press releases don’t start in your PR department, they begin at the IT drawing board. Security is no longer something businesses can afford to pile on to their existing IT infrastructures like icing on a cupcake. Security has to be included in the batter and baked into the IT infrastructure at the storage, application, and network levels. Only then is it ready to face

From Empire State Development The state has created several tax-free programs including START-UP NY and the Innovation Hot Spot Program. These programs assist businesses that are forming, expanding or locating to New York State for the first time. As part of both programs, businesses interact closely with universities and have the opportunity to operate taxfree for a specified amount of time in order to facilitate growth while promoting entrepreneurialism and job creation in communities across the state. New York State Certified Business Incubator and Innovation Hot Spot Program Administered by ESD’s Division of Science, Technology & Innovation (NYSTAR), the New York State Certified Business Incubator and Innovation Hot Spot Program was enacted as part of the 2013-14 State Budget and provides financial support for business incubators in the state in order to support entrepreneurial activity. Through a competitive process, ESD has designated 10 Innovation Hot Spots (one for ea

From SSTI Because they focus on attracting mature firms through relocation incentives, job creation strategies at the state level are often misguided, according to the Center on Budget and Policy Priorities. Despite this, many metropolitan regions are increasingly focusing their efforts on attracting and retaining the high-growth firms responsible for an oversized share of job growth and economic output. While considerable research has focused on the important role that startups and high-growth firms play in the national economy, relatively little has been done to apply a regional lens to this phenomenon. New research, tracks high-growth firms over a multiple-year period to assess how their changing operations can inform regional economic development. In The Role of Entrepreneurship in U.S. Job Creation and Economic Dynamism, researchers from the University of Maryland and the U.S. Census Bureau assess the importance of startups and young firms as contributors to job creation and

From Entrepreneur magazine : Every year, the grass on the other side of the fence looks greener to many entrepreneurs, and a change of place looks like the most promising path to growth. So they pull up stakes and move to a new place, where they hope to find better odds for business success than they had in their previous location. They're in good company. The U.S. Census Bureau reports that approximately 40 million Americans relocate each year, and the U.S. Postal Service processes about 38 million change-of-address forms annually. Although no one keeps a similar count of business moves, given the multitude of valid business reasons for making a move, almost any entrepreneur will, at some time, consider relocating as a way to expand. Businesses commonly cite five main reasons for moving...

Data by legal form of organization, NAICS sector and enterprise employment size. Statistics include number of firms, number of establishments, employment and annual payroll.  Internet address: < http://www2.census.gov/econ/ susb/data/2013/us_naicssector_ lfo_2013.xlsx >

From BusinessUSA.gov: Wondering where to set up your new business, based on the amount of competition and consumer spending in that area, or other factors? The U.S. Census Bureau's Business Builder: Small Business Edition gives small business owners access to key demographic and economic data that can help when deciding on the location for a new business or expanding an existing one. Check out this blog for more on how it works.

From the Census Bureau-  Data for metropolitan statistical areas and counties by enterprise employment size. Statistics include number of firms, establishments, employment and annual payroll.  2013  annual or static data include number of firms, number of establishments, employment, and annual payroll for most U.S. business establishments. The data are tabulated by geographic area, industry, and enterprise size. Industry classification is based on 2012 North American Industry Classification System  (NAICS)  codes. An establishment with 0 employment is an establishment with no paid employees in the mid-March pay period but with paid employees at some time during the year. Internet address: < http://www.census.gov/econ/ susb/ >.

From Mental Floss : Who drinks RC Cola, anyway? It’s a question Coke and Pepsi drinkers have been asking for decades. In the prolonged marketing battle that began in the '70s and saw the beloved major brands duke it out via celebrity endorsements, rewards promotions (Pepsi Stuff, anyone?), an onslaught of advertisements, and even a race into space, RC Cola remained on the sidelines, a quiet blue and red can that seemed content to simply be. Fact is, RC has had loyal fans throughout its more than 100-year history. Its roots go deep in the south, where drinking one with a Moon Pie is a blue-collar tradition that’s still popular today. There’s even a song that celebrates the pairing. RC also has a presence internationally, in countries such as Estonia, Thailand, and Iceland. It’s currently one of the top-selling soda brands in the Philippines. But the number of RC drinkers could have been much, much higher. In an alternate—and completely plausible—universe, it would have given