New York SBDC Research Network

From the Boston Globe : Kathie Florsheim is a committed environmentalist with a hybrid car and a set of rain-collection barrels outside her East Providence home. So when the ink in her Canon printer recently ran out, she immediately thought to recycle it, just like she does her light bulbs, batteries, and kitchen waste — which she feeds to the red wiggler worms who fertilize her vegetable garden. But what Florsheim learned on Canon’s website stopped her in her tracks. To send her clunky, foot-long cartridge back to Canon for recycling, she would have to submit her name, home address, telephone number, and e-mail address. [What are ] the issues around companies that collect personal data?

The U.S. Small Business Administration issued a final rule adopting the U.S. Office of Management and Budget’s (OMB) North American Industry Classification System (NAICS) revision for 2017 (NAICS 2017) for its table of small business size standards.  The final rule is published in the Federal Register at  https://www.gpo.gov/fdsys/pkg/FR-2017-09-27/pdf/2017-20705.pdf NAICS 2017 created 21 new industries by reclassifying, combining, or splitting 29 existing industries under  NAICS in 2012 (NAICS 2012).  On April 18, 2017, SBA issued a proposed rule seeking comments on its proposed size standards for the 21 new industries.  The agency received three comments which were outside of the scope of the proposed rule.  Accordingly, SBA is adopting, without any change, the proposed size standards for the new industries. The change results in an increase to size standards for six NAICS 2012 industries: (one in Sector 21, Mining, Quarrying, and Oil and Gas Extraction; three in Sector 31-33, Manuf

The National Restaurant Operations Report 2016 This is another item we get annually for our reference collection. If you are not familiar, it looks at the restaurant industry and provides details like: average check for full-service restaurants average check for limited service restaurants cost per dollar of sales ratio to total sales amount per seat and ratio to total sales annual employee turnover amount per square foot The National Coffee Drinking Trends Report 2017 daily, weekly, yearly consumption by age consumption by type of coffee consumption by region where and when coffee is consumed drinking coffee at home vs in restaurants consumer attitudes year to year trends The IHRSA Profiles of Success  The Annual Industry Data Survey of the Health and Fitness Industry This report provides an industry overview for fitness and health club including club operating benchmarks. membership and attendance leading club data & market share h

From the New York State Department of Taxation and Finance : A New York State business corporation may voluntarily dissolve. By doing so, the corporation ends its obligation to pay future taxes and fees to New York State. The dissolution process involves both the Tax Department and the  New York Department of State . The procedures for  Voluntary dissolution of New York State not-for-profit corporations  are different. Background New York business corporations must pay franchise and other taxes to New York State. The corporation pays the taxes in exchange for the privilege of exercising its corporate franchise, doing business, employing capital, owning or leasing property, or maintaining an office in the state. When a New York business corporation decides it will no longer conduct business in New York, it will want to be sure that it ends its obligation to pay state taxes and fees. The process of voluntary dissolution: brings the existence of the corporation to an end; and ends

From eMarketing : Small-business owners are often constrained by limits on resources as they balance different needs competing for a slice of finite budgets. But new research from business and marketing services provider G2 Crowd found that despite potential financial restrictions, marketing remains a priority for these decision-makers. In March, G2 Crowd surveyed small-business owners and managers in the US. (The company defined a small business as one with 250 or fewer employees.) Some 24% of respondents said they planned to prioritize investments toward marketing and advertising in 2017. That was more than the number who planned to concentrate funds on other areas such as sales personnel, new facilities, and software and other IT systems. Social media platforms have emerged as popular marketing channels for small businesses, according to G2 Crowd’s poll. It revealed that 80% of respondents used Facebook for marketing purposes, while a little more than half (51%) turned to Twit

We've received some new editions in the library. These are sources we use frequently. One of the latest is the HOST Almanac 2017 (with 2016 data). It is published by Smith Travel Inc. The report covers limited and full-service hotel operations, labor analysis, costs, and expenses such as wages, taxes, golf operations, and maintenance among others.  You can see how the lodging industry is performing overall, trends,  revenue and expense growth, and transaction volume. A map of profitability change by market offers a very broad view of the US. The markets are broadly by state with some more detailed market information in populous areas. For the summary tables, hotels are split out by "chain-affiliated" and "independent" and by region in our case, "Mid-Atlantic" as well as split between "full" and "limited" service. You can also see hotels by location types such as urban, suburban, interstate, resort, and small metro/town and cl

From eMarketer : Brick-and-mortar retailers may be able to wow shoppers with wonderful touch-and-feel experiences and in-person customer service, but they are still at a big disadvantage when it comes to price—a key purchase factor for many consumers. From apparel and furniture to televisions and sporting goods, prices of goods are declining. But online prices are dropping at a much faster rate than in-store price tags, according to Adobe’s Digital Price Index study, which compares the prices of baskets of comparable goods online against those in the Consumer Price Index (CPI) measured by the US Department of Labor Bureau of Labor Statistics. The study, which looks at a total of 18 product and service categories, suggests that price deflation can be seen in most categories, whether online or in physical stores, but the declines are more distinct online... For instance, online apparel prices in June fell 4.1% from a year earlier, compared with a 0.6% decline in-store during the

From the US Census Bureau:  In 2015, the nation’s 414,000 startup firms created 2.5 million new jobs according to data from the Census Bureau’s  Business Dynamics Statistics . In contrast, this level of startup activity is well below the pre-Great Recession average of 524,000 startup firms and 3.3 million new jobs per year for the period 2002-2006. Other highlights include: ·   Job creation in the United States totaled 16.8 million with job destruction equaling 13.7 million. Job creation minus job destruction equaled net job creation of 3.1 million in 2015. ·   Young firms (those less than 6 years old) accounted for 11 percent of employment and 27 percent of job creation. ·   Old firms (those more than 25 years old) comprised 62 percent of employment and 48 percent of job creation. ·   The job creation rate for young firms, excluding startups, was 20 percent in 2015. This rate is above the Great Recession low of 15 percent in 2009, and it has recovered to its average level of 20 perce

From BizJournals : An Atlanta firm filed the first class action suit brought against Equifax on behalf of 28 million American small businesses. The suit, filed on Sept. 19 by the Atlanta division of The Doss Firm LLC, claims that small business owners were disproportionally affected by the breach, as the availability of small business credit is often directly linked to its owners’ creditworthiness. The suit notes that “about 60 percent of small businesses use loans to finance their operations… from maintaining cash flow to purchasing equipment,” making the loss of credit of particular concern to these individuals and their businesses. From the lawsuit : Many of the 143 million individuals whose PII [personally identifiable information] was hacked are also owners of small businesses that heavily rely on personal and business credit to operate and provide for families across this country. Any business with fewer than 500 employees is generally defined as a small business – a defi

From Inc : Amazon's recent purchase of Whole Foods has spawned much speculation about the company's ultimate intentions. Probably the most perceptive and comprehensive is a recent article in the Harvard Business Review. Here's the money shot: What Amazon will now study in the brick-and-mortar world - and more importantly, what it learns and how it applies the insights - can transform consumer retail in the United States. By buying Whole Foods, Amazon gets virtually limitless possibilities to test products and services, test price points and assortment interactions, redefine the price perception for organic and healthier foods, merge offline and online shopping experiences, and perhaps test home delivery or store pickup with ideal early adopters. If that's true..., the acquisition is very bad news for the grocery giants, which may end up going the way of Borders, the once-huge chain that Amazon's original business model ran out of business. However, if Amazon

From Marketing Profs : If you live in the world of marketing, you've likely wanted to find someone's contact information but had no idea where to start looking. Whether you're trying to cold-call a lead, pitch an investor, email a press release to an editor, or strike up a conversation with a potential employer, there are plenty of reasons to dig up contact information. Email is one of the best ways to reach someone you're trying to connect with for the first time. It's less intrusive than a phone call and gives the recipient a chance to chew over whatever you're proposing. Knowing where and how to look for information is the first step in finding critical contact information. In 2017, there's no better tool for finding information than Google—which processes over 40,000 search queries every second (see this nifty Google search counter ). With the help of a few tools, you'll be able to find just about anybody's email address. Most users don

From The Customer Service Issues That Annoy Consumers Most : Consumers say the customer service issues most likely to make them stop doing business with a company are uninformed agents and long wait times, according to recent research from The Northridge Group. The report was based on data from a survey of 1,000 consumers in the United States age 18 and older. Respondents rate uninformed agents as the customer service issue most likely to result abandoning a company; long wait times to reach an agent ranks second, followed by unfriendly agents and difficult-to-use automated systems.

From Hiscox : A study released this month by Hiscox, the international specialist insurer, reveals a confident and promising growth trend among US small businesses, with 72 percent of respondents reporting increased top-line revenue in the past year – the highest amount of any country surveyed. As both investment spending and export activities surge, profits are also on the rise, with 31 percent of US respondents reporting growth in the double-digits. Now in its ninth year, The Hiscox DNA of an Entrepreneur report is a global study that surveyed more than 1,000 small and medium-sized US business owners about the financial pressures, stresses, opportunities and challenges they currently face. Millennials Hitting Their Stride This year’s findings show younger entrepreneurs are finding success and confidence as business owners. In fact, 56 percent of respondents under age 30 said their personal financial situation is better now than it was a year ago; 59 percent of respondents ages

From MarketingProfs Many Americans say technology has made them more impatient today than they were five years ago, according to recent research from Fetch and YouGov. The report was based on data from a survey of a YouGov poll conducted in May 2017 among 2,489 US adults age 18 and older. Some 41% of respondents say technology has made them more impatient than they were five years ago. Among Millennials, the proportion is 45%. Only 26% of respondents say they would wait longer than 30 minutes for takeout food, and 41% of consumers say they would not wait longer than 15 minutes for a ride requested via a mobile app. Check out the infographic for more findings from the poll...

From ThomasNet : As is the case with many technological advancements in the industrial sector, attention must always be paid to factors impacting the operational environment. So, in addition to “green” planning and regulatory compliance, employee safety is an obvious concern. Recently, studies have shown that bits of carbon from the plastics and resins used as 3D printing materials can be released into the air during printer operation. When inhaled, these can present significant health concerns. The relatively “new” application of 3D printing within mainstream manufacturing also means no research had previously examined these potential safety concerns or devised safeguards against them. Enter Chungsik Yoon and his colleagues from the Department of Environmental Health and Institute of Health and Environment at Seoul National University.