New York SBDC Research Network

From SmartData Collective With over 30 years in retail site location strategy, I used Census data every day to analyze business critical issues. Where do our customers live? How has that changed in the past decade, and what’s likely to happen in the next 10 years? What is the projected return on this investment? How skilled is the labor force? Can we predict sales behavior? How do customer demographics align with shopping preferences? How does community economic vitality impact company growth? Shopping centers, hospitals, housing developments, and infrastructure are built for the long-term and require careful location analysis and insights. Our Economy Runs on Fact-Based Decisions Businesses match goods and services to consumer demand. Being in the right place at the right time with the right product is critical to business success. It’s not about luck... Why is This Issue Important? This is very important now because the public data that business uses for analytics and

Startup Rates Where are the jobs created? New or existing businesses? What is the level of availability and coverage of health insurance in small firms? Do economic or industry factors affect business survival? What is the difference between self-employment nonemployer businesses and sole proprietors? Credit Card Financing and Small Business Read all about these topics HERE .

The IRS office of Federal, State and Local Governments (FSLG) will address the requirements for submitting Form 1099-G electronically in a FREE one-hour phone forum on Tuesday, September 11, 2012 at 2:00 p.m. ET. No Continuing Education [CE] credits are available for this session. This Phone Forum offers an overview of the requirements to assist you in maintaining compliance with reporting standards. You will learn how to: Comply with requirements for reporting unemployment compensation , tax refunds, taxable grants, agricultural and certain other payments Comply with electronic payee affirmative consent requirements Assist recipients in receiving their information documents electronically Following these procedures will satisfy the affirmative consent reporting requirements, save valuable time and resources, and improve customer service. You can pre-register electronically at the FSLG Phone Forum Registration site . Please register as soon as possible because sp

How much do you know about American small businesses? Did you know, for example, that there are 27.9 million small firms, and that about half of all new establishments survive at least five years? In keeping with its mission to examine the contributions of small businesses to the U.S. economy, the Office of Advocacy has expanded and redesigned its most requested publication, Frequently Asked Questions About Small Business (FAQ). The new edition includes twice as much data as previous versions, as well as charts and tables showing key small business statistics and trends. “Advocacy’s team of economists is constantly on the lookout for new and robust sources of statistics, while continuing to follow the trends evident in the government’s ongoing databases,” said Chief Counsel for Advocacy Winslow Sargeant. “We’re pleased to provide timely and actionable data on the key questions asked by small business people, policymakers, and the media.” Many key small business statistics remain vir

From CBS News MoneyWatch Like many entrepreneurs I know -- especially chronically right-brained types -- I struggle with a short attention span. Where was I? Oh, yes, attention span... . My noisy business owner's head and ever-wandering imagination often make it difficult for me to focus (much less "laser-focus") on specific tasks or issues, especially if they're analytical, operational, or otherwise boring and soul-sapping to me. But running a business requires paying attention to things we love and things we hate, and I know I can't just do the fun stuff.

From CBS News MoneyWatch Unless you've been sleeping in a cave for the past few decades, you're probably aware that Social Security has some funding challenges due to the aging of the baby boomers and the slowing of the economy. Now you can learn how to shore up Social Security by using AARP's online tool, Strengthen Social Security . This easy-to-use program allows you to "play lawmaker" and make various adjustments to benefits and contributions. It then shows you how much of the Social Security deficit could be reduced by making your various changes.

Labor Force Characteristics by Race and Ethnicity, 2011 In 2011, the unemployment rate for the United States averaged 8.9 percent, but varied across race and ethnicity groups. The rates were highest for Blacks (15.8 percent) and for American Indians and Alaska Natives (14.6 percent) and lowest for Whites (7.9 percent) and for Asians (7.0 percent). The jobless rate was 13.6 percent for persons of two or more races, 11.5 percent for Hispanics, and 10.4 percent for Native Hawaiians and Other Pacific Islanders. WORKER DISPLACEMENT: 2009-2011 From January 2009 through December 2011, 6.1 million workers were displaced from jobs they had held for at least 3 years, the U.S. Bureau of Labor Statistics reported today. This was down from 6.9 million for the survey period covering January 2007 to December 2009. In January 2012, 56 percent of workers displaced from 2009-11 were reemployed, up by 7 percentage points from the prior survey in January 2010.

From CBS MoneyWatch : There is one thing you need to do, and one thing you insist others around you do, to keep business relationships vibrant: Communicate in real time. If something bothers you, say it while it's fresh. If you like something, say it. Unexpressed communication sinks into people like industrial dumping sinks into the dirt. It leeches into the groundwater, makes plants die and children get sick. Unexpressed communication withers relationships, builds up hostilities and finally erupts, often in a way that is almost never helpful.

From SmallBusinessNewz With Google’s ever evolving algorithms, producing fresh content is more important than ever. Importance of good content marketing But does it have to be high quality or will any old thing do? If you’re outsourcing your content production, don’t let financial matters cloud your judgement, as quality will always outweigh quantity. Not convinced? OK, look at it this way. Everything you put out on the web is there to promote your business in some way shape or form. It may not be a blatant advert, but it will be designed to drive traffic to your website and therefore will be associated with your company. Now are you beginning to see why quality is important? If you’re still struggling, here are 6 points worth remembering when it comes to content marketing.

Credit cards are a common online payment option for small businesses, but what about other services like PayPal, Bill Me Later and Google Wallet? These now ubiquitous tools make it easier than ever for anyone – not just e-tailers – to buy and sell goods online and via mobile devices. However, as with all business tools, they have their pros and cons. Here’s what you need to know.

Videos Showcase Entrepreneurs Who Have Started or Grown a Business WASHINGTON – Everyone has a story, and now the U.S. Small Business Administration is giving entrepreneurs a new online platform to share their stories and showcase their successful and thriving businesses. SBA has launched “Small Business Owners Speak,” an interactive platform featuring videos by entrepreneurs from across the country who have started or grown a business with the help of the SBA. The videos will be featured at www.sba.gov/stories . The page features videos submitted during SBA’s 2012 National Small Business Week video contest. But to help reach out to more small business owners, SBA has opened “Small Business Owners Speak” to other entrepreneurs interested in submitting a video to be featured there, where more information about the video submission process. The page features a map of the United States that allows users to click on videos by state or by using the drop-down menu and searching

At the 2012 Albany Matchmaker & Expo, small business owners can discuss potential contracting opportunities face-to-face with representatives from colleges and universities, large corporations and federal, state and local agencies. This annual sellout event is a valuable networking opportunity with dozens of exhibitors and government contracting resources. Small businesses can participate in either the morning session or the afternoon session and sent up to two representatives at a cost of $45 per person. Small businesses will schedule individual appointments with participating buyers prior to the event during the online registration and payment process. September 11, 2012 The Albany Marriott 189 Wolf Road, Albany Morning Session 7:30 am—11:25 am OR Afternoon Session 12:00 pm—3:55 pm Registration is Now Open!

By Rhonda Abrams I have a terrible time buying toothpaste. You've probably had a similar experience: I stand in the toothpaste aisle at a place like Target — and yes, there's a whole aisle just for toothpaste — and I'm overwhelmed. Sure, I use Crest, but which Crest?... Crest has 41 varieties... Why do companies make buying so complicated? For a small business, this question is critically important. Every product or service we develop or sell takes investment. We need to make sure we can sell what we make or offer. Surprisingly, giving customers too many choices is likely to lead to fewer sales. More here .

This memorandum explains the Tax Department’s existing policy concerning employer withholding on the wages paid to certain nonresident employees whose primary work location is outside of New York State and who are expected to work 14 days or fewer in New York State during the calendar year. Law and background Section 601(e) of the Tax Law imposes a personal income tax on the New York source income of a nonresident individual. The New York source income of a nonresident individual includes wages and other compensation for services performed in New York State. Section 671 of the Tax Law provides that every employer maintaining an office or transacting business in New York State and paying any wages subject to New York State personal income tax must deduct and withhold tax from those wages during each calendar year. The amount withheld must be substantially equivalent to the tax reasonably estimated to be due from the inclusion of the wages in the employees’ New York adjusted gross

From ScienceDaily When companies combine different pricing structures -- such as asking for effort or information in combination with or instead of money -- consumers perceive a greater risk in the decision to buy. That's according to University of Cincinnati research presented at the Aug. 15-17 Behavioral Pricing Conference in Detroit, Mich., by doctoral marketing student John Dinsmore. His paper is titled "Mental Accounting, General Evaluability Theory and the Framing Losses Posed by Partitioned Monetary and Nonmonetary Prices." According to Dinsmore, shoppers routinely arrive at buying decisions by categorizing and evaluating prices, a process known as mental accounting that helps consumers judge a level of loss or sacrifice posed by pricing strategies.