The Small Business Administration (SBA) office of advocacy defines a small business as an independent business with less than 500 employees. In 2008, there were 29.6 million businesses in the United States, according to Office of Advocacy estimates. Census data show that there were 6.0 million firms with employees in 2006 and 21.7 million without employees in 2007. Small firms with fewer than 500 employees represent 99.9 percent… Continue reading
Posts Tagged Economy
Remember the Superman movie. Well, there was a flashback of Superman in his own planet Krypton. His father was a VIP in the planet. But when he predicts of the planet getting destroyed nobody believes it. And when the planet finally starts getting destroyed, nobody has time to do anything and they simply succumb to it.
There are many such things in the history of mankind where very learned… Continue reading
Layoff mania is not over yet. In fact it hasn’t started yet to a full extent. Many companies, especially big ones are wildly depending on layoffs to defend themselves from the economic crisis and recession.
The interesting fact here is that layoffs of a group with at least 50 people have not been seen to this extent since the September 11 attacks.
As we have already seen declination… Continue reading
After Lehman Brothers, there were many companies that filed bankrupt along with the falling economy.
There are companies which are not as popular and there are some which have rocked in their industry and the world during good times. One of those great companies was Circuit City.
Circuit City, a legend in retailing sector of Computers and software, has filed its bankrupt this November. I would have been… Continue reading