Is the marketplace squeezing your margins? Do your customers have less disposable income to spend? Are market forces making it harder for you to stay profitable?
Making money is a perennial challenge for small business owners, and simply increasing your prices or selling more products or services – often at compromised margins – isn’t always the answer.
So, what sustainable strategies can you use to maintain and grow your margins? There’s no one-size-fits-all silver bullet, but here are some suggestions that might pay off, with your hard work and creativity.
Today @CommerceGov, @EconChiefGov, and @TheMFGInstitute
joined the manufacturing community on Twitter to discuss the Economic and Statistics Administration’s “The Benefits of Manufacturing Jobs” report. #MFGChat is held monthly. Below is a selected transcript of the conversation.
[View the story "Chief Economist Mark Doms and Gardner Carrick of The Manufacturing Institute Twitter Chat on Manufacturing Jobs" on Storify]
Guest blog post by Nish Acharya, director of the U.S. Commerce Department Economic Development Administration’s Office of Innovation and EntrepreneurshipIn the second of the series of conference calls with national leaders in innovation and entrepreneurship, we had small business owners, entrepreneurs, innovators and stakeholders join me for an in-depth conference call with Ms. Robin Chase, founder and former CEO of Zipcar, founder and CEO of Buzzcar, and a member of the National Advisory Council on Innovation and Entrepreneurship (NACIE).Ms.Read More
Guest blog post by Acting Assistant Secretary for Economic Development Matt ErskineIn Commerce Secretary Bryson’s statement to mark World Trade Month, he discussed steps the Obama administration is taking to give “American workers and businesses a fair shot in the global economy by supporting trade agreements that will open up markets to U.S.Read More
There is a powerful link between America’s ability to make things and America’s ability to innovate, compete, and create good jobs, as Secretary John Bryson said today when he spoke to CEOs, students and faculty at “The Future of Manufacturing in the U.S.” conference at the Massachusetts Institute of Technology. The Secretary took the opportunity to discuss the importance of manufacturing in boosting U.S.Read More
Scientists, industry leaders and public officials came together this week for a dialogue on innovation at The Atlantic's “From Inspiration to Innovation Summit,” held at Ronald Reagan Washington National Airport in Arlington, Va. Under Secretary of Commerce for Standards and Technology and National Institute of Standards and Technology (NIST) Director Patrick Gallagher was among the invited speakers on the panel, “Advanced Manufacturing: Made in America. . .Read More
Following the release of the
Economic and Statistics Administration’s “The Benefits
of Manufacturing Jobs” report, Chief Economist Mark Doms and Gardner
Carrick, Vice President of Strategic Initiatives at The Manufacturing
Institute, will be holding a 30-minute Twitter chat responding to your
questions about the report and the state of American manufacturing on Friday,
May 11th at 1:00pm ET.
While growth in the travel and tourism business is still in recovery mode, the early warm temperatures across most of the U.S. coupled with an uptick in positivity over the future of the economy could make 2012 a good year for the U.S. tourist industry and the small businesses that support it.
Today the Economic and Statistics Administration released a report entitled "The Benefits of Manufacturing Jobs" (PDF) that explores benefits to workers and to our nation of a strong manufacturing sector.Read More
Looking to hire an intern this summer? More and more businesses are planning on it. According to the National Association of Colleges and Employers (NACE), employers plan on hiring 8.5 percent more college students in 2012 for summer internships than they did last year.