New York SBDC Research Network

Ignoring your financial statement is like ignoring the health of your business. Startups and new business owners often overlook understanding gross margin. This can have a direct impact on your ability to effectively manage a growing business, price your products, and most importantly, make a profit. CONTINUE READING

Nationally, today’s findings  of the 2012 Survey of Business Owners show the number of minority-owned firms in the U.S. rose from 5.8 million in 2007 to 8.0 million in 2012. This includes a 46.3 percent increase in the number of Hispanic-owned firms over the period, from 2.3 million to 3.3 million, and a 34.5 percent rise in the number of black or African American-owned firms, from 1.9 million to 2.6 million. Additionally, the number of Asian-owned firms climbed from 1.5 million to 1.9 million, an increase of 23.8 percent. For added context, total U.S. firms increased 2.0 percent during the same period, from 27.1 million in 2007 to 27.6 million in 2012. The 9.9 million women-owned firms in 2012 were up more than 2 million from five years earlier when there were 7.8 million women-owned businesses, a 26.8 percent increase. As a comparison, male-owned firms increased 6.8 percent from 13.9 million to 14.8 million during the same period. The Survey of Business Owners is a sample s

New Census Web Tool Helps Business Owners Make Data Driven Decisions  The U.S. Census Bureau released  Census Business Builder: Small Business Edition , a new Web tool that allows business owners and entrepreneurs to easily navigate and use key demographic and economic data to help guide their research into opening a new business or adding to an existing one. The Census Business Builder was developed with user-centered design at its core and incorporated feedback from customers and stakeholders, including small business owners, trade associations and other government agencies. The tool combines data from the American Community Survey, the economic census, County Business Patterns and other economic surveys to provide a complete business profile of an area. Business statistics include the number of establishments, employment, payroll and sales. American Community Survey statistics include population characteristics, economic characteristics and housing characteristics.

The preliminary results from the 2012 Survey of Business Owners (SBO) are now available from  American FactFinder . As part of the Economic Census, which is conducted every five years, the Survey of Business Owners uses a sample of 1.75 million employer and nonemployer businesses. The results provide estimates on firms, receipts, payroll and employment by gender, ethnicity, race and veteran status. The preliminary release provides a high-level snapshot prior to the final release.

The Office of Advocacy has released a new issue brief, Profile of Veteran Business Owners: 2013, which examines the demographics of veteran business owners. Using 2013 data from Census’s Survey of Income and Program Participation (SIPP), this issue brief is an update to an Advocacy profile of veteran business owners released in November 2013. The issue brief looks at a variety of characteristics of veteran business owners as compared to non-veteran business owners, such as age, gender, marital status, level of education and citizenship. It also details the features of veteran-owned businesses, including industry sector, firm size and age of business.

It’s that time of year again—you’ve no doubt been spending time on vacation and with your loved ones, and now it’s a new year and you’re getting back into the swing of things. Of course, being an entrepreneur, you’re also doing some reflection. How did 2014 go for you? The start of the year is a good time to take stock of what worked well for your business and what mistakes may have been made. It’s also the ideal time to look to the year ahead and decide on some resolutions and goals for what you’d like to accomplish. To give you an idea of what other business owners are planning to do in 2015, we asked entrepreneurs to send us their resolutions. Here’s a compilation of business resolutions for 2015. Read more at BPlans

For millions of small business owners worldwide, it's decision time. Pretty much every business owner will want to do better in 2015, however, their decisions regarding how to improve things will differ massively. They will fit into one of the following 3 broad groups. Do any of these seem familiar to you? 1. Fear focused business owners More from SmallBusinessNewz

CBS News : ...veteran entrepreneur and contributing [Inc. Magazine] editor ...Norm Brodsky's position is that, while he and all good business owners are happy when they can give people jobs, creating new jobs isn't -- and shouldn't be -- a goal. I'm a long-time fan of Brodsky and his down-to-earth advice, and an admirer of his tremendous business accomplishments. But I don't fully agree with his argument, or at least the way he frames it. In his piece, Brodsky focuses on job-creation as it relates to overhead and productivity. He says "no one operates a company with the goal of maximizing labor costs," and of course in that regard he is right. We business owners naturally want -- and are generally obliged -- to generate the highest possible return on every dollar we spend. That means getting the most we can out of our real estate, machinery and people. Certainly no one has "increase rent" as a business goal, and Brodsky is saying the same th

This first-ever report describes findings from the merging of two Census Bureau data products , the 2007 Profile of U.S. Exporting Companies and the 2007 Survey of Business Owners. The merged data provide new insights on the ownership of U.S. exporting firms by gender, ethnicity, race and veteran status. Among other findings, the statistics show that exports accounted for 14.4 percent of total receipts of minority-owned exporters compared with 5.4 percent of total receipts for nonminority-owned exporters.

This report examines the gender characteristics and business dynamics of establishments that were in operation as of 2002 for the 2002-2006 period. This paper is the first to report matching data from the 2002 Survey of Business Owners (SBO) and the 1989-2006 Business Information Tracking Series (BITS) in an Advocacy publication series. The series focuses on business dynamics by gender, race/ethnicity, and business type (publicly held vs. non-publicly held businesses). Business owners’ gender, race or ethnic characteristics can be identified only for non-publicly held enterprises. Employer establishments—establishments with paid employees—owned by women had higher closure rates and lower contraction rates than those owned by men or owned equally by men and women over the 2002-2006 period. The average four-year survival rate for all 2002 employer establishments was 70 percent; for female-owned, 66 percent; for male-owned, 72 percent; and for male and female equally owned, 69 percent. I