According to the SBA, the United States is home to 28.8 million small businesses — which accounts for 99.7% of all US businesses. Small and independent businesses have undoubtedly played an integral part in spearheading the fast-paced growth of our country since 1776 — boosting the economy, creating jobs and ultimately, serving as a foundational stepping stone …
REASONS TO SUPPORT SMALL BUSINESSES IN KITSAP COUNTY. Read More »
Coming up with a new product or service is a lot of work, which unfortunately does not stop once it’s ready—launching and promoting it is the other half of the equation. You could be offering the best new product or service around, but if you don’t promote it properly, you’re likely to miss out on …
WAYS SMALL BUSINESSES CAN PROMOTE THEIR PRODUCT OR SERVICES IN KITSAP COUNTY. Read More »
Small businesses have a significant impact on their local economies and the quality of life. Taking the small businesses out of the scene outrightly, the area loses everything that makes it unique and charming. They act as a driving force behind the joy and satisfaction of the locals. Saying that small businesses are the backbone …
Ways Small Businesses Benefit Their Local Communities Read More »
Interest rate hikes impact everyone, and small businesses are no exception. In an effort to curtail inflation, the Federal Reserve is increasing interest rates for the first time since 2018. Higher interest rates can impact small businesses’ cash flow and their ability to borrow, reinvest, and even hire workers. Seven out of 10 small business …
HOW INTEREST RATE HIKE IMPACTS SMALL BUSINESSES IN KITSAP COUNTY. Read More »
There has been increasing talk of a burgeoning recession, whether because of a historically rare decade-long economic expansion or recent reports of an inverted yield curve, which is traditionally an indication of a downturn. Any recession is hard on all Americans, but it can be particularly devastating for Small business who often have more to lose. …
Helping your Small business survive an economic downturn in Kitsap county. Read More »
Kitsap County is located in the U.S. state of Washington. As of the 2020 census, its population was 275,611. Its county seat is Port Orchard,and its largest city is Bremerton. The county was formed out of King County and Jefferson County on January 16, 1857, and is named for Chief Kitsap of the Suquamish Tribe. Gas Prices and Inflation: Why are Gas Prices Rising? According to the U.S. Energy Information Administration (EIA), the …
EFFECTS OF RISING GAS PRICES FOR SMALL BUSINESSES IN KITSAP COUNTY. Read More »
New small businesses pop up every day across the country, and a significant portion of those new businesses are started by women. Women are starting businesses doing everything from accounting and bookkeeping to dog walking and freelance graphic design. Best business ideas for women in Kitsap county. Bookkeeper Bookkeeping is the recording of any financial …
Stagflation is characterized by slow economic growth and relatively high unemployment—or economic stagnation—which is at the same time accompanied by rising prices (i.e., inflation). Stagflation can be alternatively defined as a period of inflation combined with a decline in the gross domestic product (GDP). Stagflation was first recognized during the 1970s when many developed economies experienced rapid inflation …
WHAT IS STAGFLATION AND HOW CAN SMALL BUSINESSES SAVE THEMSELVES? Read More »
Inflation is hitting small businesses hard right now—data from MetLife and the U.S. Chamber of Commerce found that 85% of small-business owners surveyed expressed concern about inflation. And 1 in 3 listed inflation as their top business concern. The reality is that inflation is always happening, so small-business owners need to be prepared for it. It’s important …
There has been a lot of chatter recently about the possibility of a recession. Yet what exactly does that mean — and what would a potential downturn look like? A recession is defined as “a significant decline in economic activity that is spread across the economy and that lasts more than a few months,” according …