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Experian’s Business Information Services is a leader in providing data and predictive insights to organizations, helping them mitigate risk and improve profitability. The company’s business database provides comprehensive, third-party-verified information on 99.9 percent of all U.S. companies, with the industry’s most extensive data on the broad spectrum of small and midsize businesses. Follow us on Twitter, Facebook, Slideshare or our blog.  

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Small Business Brief - Decline in business starts, latest CCI has optimistic outlook

In this week's edition we'll take a look at the dip in small business employment that just occurred in January. Also, a marked decline in business starts has researchers at a variety of think tanks wondering if regulation is the problem.  And finally, we'll share details from a new report by the Association for Financial Professionals which points to increased spending by businesses.
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According to the ADP National Employment Report issued Feb. 4, 2015, small businesses added 78,000 jobs from December to January. While small businesses with fewer than 50 employees created jobs at a faster rate than the country’s largest companies, the number was disappointing following the 115,000 jobs created in December.

The U.S. economy added 213,000 jobs overall in January, down slightly from December’s 253,000. 

Despite the dip in growth, Mark Zandi, chief economist at Moody’s Analytics, says that 2015 should mark a year of growth overall adding “although the pace of growth is slower than in recent months, businesses in the energy and supplying industries are already scaling back payrolls in reaction to the collapse in oil prices, while industries benefiting from the lower prices have been slower to increase their hiring. All indications are that the job market will continue to improve in 2015.”

You can download a copy of the most recent report at: 
adpemploymentreport.com
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In the NFIB’s November member survey, 22 percent of small business owners said that government regulation and red tape is the most important issue that they face today.

In the late 1970s, about 15 percent of all businesses were new; in 2011, that number hovered around 8 percent. 

New companies create roughly 3 million jobs every year, while existing companies tend to create around a million jobs. Roughly 1 in 10 U.S. companies are founded each year, and these young firms create 100 percent of all net new jobs.  New data from the federal government makes it possible to identify job creation across all firms according to their date of “birth.” The data, which goes back as far as 1977 shows an alarming downward trend, that America’s entrepreneurship rate is declining.

Now researchers at a variety of leading think tanks including Ewing Marrion Kauffan Foundation, and Hudson Institute are beginning to believe that government regulation is doing more than causing entrepreneurs to gripe. They are concerned that rising regulation could keep would-be entrepreneurs from starting companies.
The per capita rate of new employer business creation and the number of rules pages in the Federal Register are very closely correlated. Correlation doesn’t imply causation of course.  But the trend seems to suggest that the escalating regulatory requirements are creating an unhealthy business creation climate. More regulations increase the complexity of running companies. This, in turn, deters people from starting them. Also, the rising cost of complying with regulations makes marginal entrepreneurial endeavors uneconomical, which also causes the start-up rate to decline.

There are several ideas that have been proposed to Congress including a limit on regulation for companies younger than six years and a nationwide initiative to develop a research framework by which all 50 states will be ranked as to their regulatory friendliness to new business formation, survival and growth. 

For more information visit:  kauffman.org  and hudson.org
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On the opening days of each quarter, the Association for Financial Professionals asks select members about the size and make up of their short-term investment holdings. The results are compiled to produce the Corporate Cash Indicators report or CCI.  

Business leaders expect the first quarter of 2015 will feature robust economic growth. As a result, more companies are planning to deploy their cash. The forward-looking indicator measuring the expected change of cash holdings during the first quarter of 2015 fell 11 points to -14. This was 13 points below its reading a year ago and its lowest reading in the history of the CCI. Meanwhile, the indicator for short-term investment aggressiveness gained five points to +5, as companies signal a greater desire to generate yield from their current cash holdings.

Conclusion?  Companies’ decisions to shrink the size of their cash and short-term investment portfolios reflect an optimistic business outlook and direction.  And that's good news for small business and the economy.

For more information visit afponline.org/CCI

Read this small business brief on our blog:

http://www.experian.com/blogs/business-credit/2015/02/11/small-business-brief-decline-business-starts-latest-cci-optimistic-outlook/
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Wishing you all a wonderful holiday season and Happy New Year.
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#jobsreport said 89k #business services jobs added in Nov. Top metros in Q3 PA, NJ, NY http://bit.ly/1ynLCog
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http://snip.ly/iVqY

Experian has been harnessing the power of Big Data since 1897. Today Big Data is solving huge problems for society. Check out our latest blog post for a few outstanding examples of data being used for good.   #Data4Good #BigData #Infographic
As Experian’s CEO, Craig Boundy recently blogged, at Experian, we have deep experience harnessing the power of data, in fact; we have been doing it since 1897. Using our insights to help merchants and consumers by providing an annual credit reference directory, we were using “Big Data” before it became a buzz word.
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Register for our upcoming Quarterly Business Credit Review webinar with Moody's Analytics and special guest Brian Moran 

http://now.experian.com/bis-u-15-139-qbcr-form?WT.srch=BIS_QBCRQ3_2014_googleplus
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Have them in circles
102 people
Yes Seo's profile photo
Cyndi Wallin's profile photo
Mike Jones's profile photo
Joel Pruis's profile photo
Enok Ani's profile photo
Peter Prayotamorakul's profile photo
Wesley Naves's profile photo
Nellie Akalp's profile photo
Jason Norwood's profile photo
 
Some excellent ideas here from +The Hartford  

One of the great things about the atmosphere for creativity at +Experian is the contests we get to participate in internally. Sure, we have a very creative environment ordinarily, but these other contests help our employees to express themselves creatively.  Last year we had a global song contest which was won by our South Africa team, and this year we are currently voting on the "Inside my Experian" video contest. 

Great post +The Hartford 
 
#Tuesday  at The Hartford, proven ways to awaken creativity.

"A business that doesn't continually innovate runs the risk of falling behind." 

#smallbusiness   #creativity   #businessplan  

How to Establish a Culture of Creativity:
http://www.thehartford.com/business-playbook/in-depth/creative-culture?cmp=SOC-SC-GP_CreativeCulture-01202015
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Take your accounts from past due to paid in full in 6 steps http://bit.ly/1w997Ou #collections 
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Congrats Mayor Hales @MayorPDX #Portland top metro area in Q3 for #smallbiz credit http://bit.ly/1ynK8uf 
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The #smallbiz economy continues to grow, find out what's driving it. http://bit.ly/1yhm0s2
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Stay in the know on small business credit

If you are lending to small business, looking to expand your own business, it's important to understand how the small business sector is doing, and regional credit trends.  Download our latest report for the very latest results. #economy   #smallbusiness  
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Going to #money2020 ?

Be sure to stop by the Experian booth to play the Experian Buzz. You could win some cool prizes and get to learn all about what we have going on in commercial fraud prevention and portfolio management.  Come say hi!
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