The Unemployment Crisis and How Small Businesses Can Solve It
Unemployment has been an ongoing crisis for the last few years and this press release explores the solution through small business growth.
Costa Mesa, CA, October 20, 2011 --(PR.com)-- National unemployment for the month of September was reported at 9.1%, meaning that this was the thirtieth consecutive month where the unemployment rate failed to fall below 8.8%. This is a crisis, according to iBank founder and CEO Tom Markel, which can be turned around in the near future.
What if every small business in America hired one person? There are 27 million small businesses in this country and if each one of them hired one person the nation’s unemployment problem would be solved.
But, in order for small businesses to add additional employees they must be successful first. While this is easier said than done, iBank has spelled out 3 easy steps that can help a business become successful and ultimately grow.
Business Plan. There is nothing more important when starting a small business than having a detailed business plan in place. “Lenders, whether it’s banks or private investors, want to see a comprehensive business plan when deciding whether to lend a business money,” says Markel. Not only will a successful business plan help a company receive funding, it will analyze the marketplace and expose niches that can make a company thrive.
Bookkeeping. “Many businesses are bankrupt and don’t even know it,” says Randy Wells, CMO of iBank. Because over half of the nation’s small businesses only have one employee, bookkeeping often gets overlooked even though it is one of the most crucial aspects of running a successful business. Business owners may feel that they don’t have the money to hire a third party bookkeeper, but it is imperative to the success of the company that they do.
Speak With Other Professionals. “There is no greater resource to small business owners than other small business owners,” says Wells. It’s human nature to avoid asking for help, but when trying to start/grow a business the experience of others will provide extremely helpful insight. Whether it’s talking to friends or family, joining groups on LinkedIn or Facebook, or posting questions on websites, small business owners need to be aggressive in speaking to other professionals.
About iBank: iBank is the one stop shop bank for small businesses. At iBank, small business owners have access to over 11,000 financial resources and 92 different loan programs including; working capital, commercial mortgage and equipment leasing. Whether its getting a business started or helping it grow iBank has all the tools needed to succeed. Visit the website at www.iBank.com.
Contact:
Rebecca Dargatz
Director of Public Relations
iBank
(949) 265-5785
rdargatz@ibank.com
www.iBank.com
###
What if every small business in America hired one person? There are 27 million small businesses in this country and if each one of them hired one person the nation’s unemployment problem would be solved.
But, in order for small businesses to add additional employees they must be successful first. While this is easier said than done, iBank has spelled out 3 easy steps that can help a business become successful and ultimately grow.
Business Plan. There is nothing more important when starting a small business than having a detailed business plan in place. “Lenders, whether it’s banks or private investors, want to see a comprehensive business plan when deciding whether to lend a business money,” says Markel. Not only will a successful business plan help a company receive funding, it will analyze the marketplace and expose niches that can make a company thrive.
Bookkeeping. “Many businesses are bankrupt and don’t even know it,” says Randy Wells, CMO of iBank. Because over half of the nation’s small businesses only have one employee, bookkeeping often gets overlooked even though it is one of the most crucial aspects of running a successful business. Business owners may feel that they don’t have the money to hire a third party bookkeeper, but it is imperative to the success of the company that they do.
Speak With Other Professionals. “There is no greater resource to small business owners than other small business owners,” says Wells. It’s human nature to avoid asking for help, but when trying to start/grow a business the experience of others will provide extremely helpful insight. Whether it’s talking to friends or family, joining groups on LinkedIn or Facebook, or posting questions on websites, small business owners need to be aggressive in speaking to other professionals.
About iBank: iBank is the one stop shop bank for small businesses. At iBank, small business owners have access to over 11,000 financial resources and 92 different loan programs including; working capital, commercial mortgage and equipment leasing. Whether its getting a business started or helping it grow iBank has all the tools needed to succeed. Visit the website at www.iBank.com.
Contact:
Rebecca Dargatz
Director of Public Relations
iBank
(949) 265-5785
rdargatz@ibank.com
www.iBank.com
###
Contact
iBank
Rebecca Dargatz
(877) 999-6465
www.ibank.com
Rebecca Dargatz
(877) 999-6465
www.ibank.com
Contact
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