Small businesses are the heart and soul of our economy. According to Business Insider, “there are 28 million small businesses in the U.S., which outnumber corporations 1162 to 1.” It’s no secret that small businesses are crucial to our economy, cities, states and regions across the United States. As a small business owner, I love the freedom that comes from owning my own business and working for myself, but I also know all too well the headaches and unnecessary stressors that many small business owners like myself face.
The 18th Annual Small Business Economics Study sponsored by Union Bank, was released on February 15, 2017. It was fielded between December and January and provides fresh, provocative first-hand insights into the economic climate for small businesses in California and the Pacific Northwest. The results were very promising – “More than half of respondents (57%) believe the economic outlook at the state and local levels has improved versus 49% in January 2016. Of the 12% that are looking to hire in 2017, the vast majority (62%) plan to make permanent full-time hires (up 21 percentage points from last year). We also learned that “nearly half of small business owners (46%) plan to keep prices the same.” Surprisingly “seven in 10 small business owners said the 2010 Small Business Jobs Act has had no impact on their business.”
Financial expert, entrepreneur, New York Times best-selling author and television news personality, Nicole Lapin joined me for an interview recently to discuss the 18th Annual Small Business Economics Study. She discussed the state of the economy as viewed by small business owners, the top challenges facing small businesses in the year ahead, their confidence level for the economy as we go into 2017, and hiring goals for the year ahead. She also discussed whether or not small business owners in California feel that the minimum wage increase will affect their businesses.
Please be sure to watch my interview with financial expert, Nicole Lapin in its entirety. She shared a wealth of information that we can all use, and will help small business owners “drive your own business.” For more information, please visit UnionBank.com.
ABOUT NICOLE LAPIN:
Nicole Lapin is the star of the groundbreaking new nationally-syndicated business competition reality show “Hatched,” now on its second season. She was the youngest anchor ever at CNN before holding the same title at CNBC anchoring “Worldwide Exchange,” the only global finance show on the network, while contributing financial reports to “Today” and MSNBC. Lapin has served as a business anchor and special correspondent for Bloomberg Television as well as the money-saving correspondent for “The Wendy Williams Show” and also reports on Hollywood business for “The Insider” on CBS. She is currently Redbook magazine’s first-ever money columnist. Lapin’s first book, Rich Bitch, a personal finance guide for women, became an instant New York Times bestseller and sold out on Amazon. Crown Business recently announced its publication of her second book, Boss Bitch, slated for release in March. Lapin is an Accredited Investment Fiduciary and graduated as valedictorian from Northwestern University.
This satellite media tour is sponsored by Union Bank. Candace Rose Anderson was not compensated by the sponsor for this interview.