The 25 states increase in the minimum wage in 2021 is good / bad news. While it’s great for minimum wage workers, it could be the end of the road for many small businesses.
Some small business owners can afford to pay their employees the new wages, which in some states can go up to $ 15 an hour. And others will either have to downsize or shut down their business if they cannot run their business with fewer people.
Finding the right balance is vital for lawmakers as they seek to provide workers with a living wage without crippling small businesses in their states.
Minimum wage increases in 25 states in 2021 is one of the articles covering issues affecting small businesses in this week’s executive summary. As the New Year starts, you can count on Small Business Trends to keep up with all of the small businesses.
Small Business News for January 1, 2021
Here are some of the stories for this week:
Wireless Internet Connecting More Americans to Broadband in 2020
More and more Americans are using wireless technology to connect to the Internet at broadband speeds. However, most home internet connections are still based on buried cables. However, going forward, wireless seems to be the technology service provider and consumers are the most excited. This is evident from HighSpeedInternet.com’s 2020 report The State of the Internet.
Now is the time for local small businesses to consider offering gift cards
Gift cards have been a great way to improve your bottom line for years. Small Business Trends contacted Ray Clopton, CEO of LocalGiftCards.com. We wanted the goods on what SMBs need to know about this important business tool. Clopton started with a brief story. “Gift cards used to be plastic cards with a magnetic stripe like a credit card.
How Women-Owned Companies Can Get More Government Contracts
We have a real problem in terms of supplier diversity in the US with a significant gap in how much is being spent on women owned companies.
10 New Year’s Resolutions for Your Small Business in 2021
Small businesses need to keep growing and changing to keep up with the market. The New Year is an opportunity to evaluate where you’ve been and create goals. Members of the online small business community have tons of ideas to help them improve in the new year. If you don’t currently have a 2021 resolution for your business, here are a few options.
3 ways to better optimize your ecommerce website
If your business operates through an ecommerce website, your main goal should be for your website to encourage every visitor to make a purchase and then make it as easy as possible for prospects to complete their transactions. Unfortunately, not every online business knows the best ways to do this.
5 Simple Tips on Using Video Reviews to Grow Your Business
Testimonials and reviews are now essential to increase online sales. This is because most of the people have been exposed to scams and fake news in the past few years that have made them suspicious. Adding simple reviews can increase sales as 63% of customers are more likely to shop from a website with reviews.