This year, the Gazelle Index staff wishes our readers good health and a healthful lifestyle. Both health and success require planning and work and this article lists four wishes that center on improving your health and living a healthful lifestyle. We wish these for you in 2013.
The Gazelle Index number one blog post by page views in 2012 was Asian-Owned Small Businesses: Industry and Revenue in 2011. Read more of the ten posts for 2012. The second most popular post was American Indian/Native American Small Businesses: A Profile. Read all of the top ten.
Small and minority businesses will be hurt doubly because a majority of the spending cuts are aimed at the Department of Defense and DOD accounts for over 50% of small and minority business contracting opportunities with the government. In addition, retail spending will be cut back.
Asian Indian Americans performed about average for all US small businesses between 2007 and 2010. During the four year time period, Asian Indian businesses revenue grew by 40% and employment grew by 11%. revenue in specialty trades contracting grew fastest (62%).
Hurricane Sandy may throw a wrench in economic growth in the upcoming year. New claims in unemployment insurance coupled with a decrease in auto sales might be an indicator of the negative impact Sandy will have on the economy and the outlook for 2013.
Native American/American Indian small businesses significantly out- performed all small businesses between 2007 and 2010. During the period, revenue grew by 78% and employment grew by 27%.
Video of Gazelle Index CEO Danny Boston on the November Jobs Report. The economy created 146,000 jobs in November; twice as many as were predicted and unemployment declined to 7.7%.
The November Labor Department Jobs Report was a surprise showing the economy created 146,000 jobs, even more than in October. The unemployment rate declined to 7.7% overall, 6.8% for whites and 13.2% for blacks.
The Treasury Department estimated that the country will hit the $16.4 trillion debt ceiling by the end of the year. Congress has kicked the can down the road on the fiscal cliff, but it must act on the debt ceiling. To do so means it must find a deficit solution.
Over the previous 4 quarters, fixed investment averaged 4.5%; last quarter it was -2.1%. What is the primary reason? The uncertainty caused by the failure of Congress to address the fiscal cliff. What is now happening to business fixed investment is a preview.