Tag Archives: Small business

Millennials

BY: Adam Gavriel

According to a recent article by Forbes, 47% of Generation Y (also referred to as ‘Millennials are recognized as those born between the early 1980s and early 2000s) workers are involved in a company with less than 100 people. These small businesses have been denoted “start-ups” by the community, and more and more young workers are jumping on board.

The question then becomes, why is the near majority of America’s young workers hopping on board with these types of companies?

Millennials want to know how they will make a positive difference in the world if they join your business” says Deloitte CEO Barry Salzberg.

And from the article:

Many of the recent graduates I spoke with chose start-ups because they felt doing so let them contribute meaningfully to a business while also seeing end results – something consultants rarely get to do. They also pointed to the non-hierarchical structure of start-ups, which many said enabled them to learn a broad range of skills very quickly, rather than specializing in one area as entry-level finance jobs permit. Most importantly, however, they spoke about impact, and a desire to create value in their lives and the lives of others.”

Millennials were also the first generation to grow up with the internet, where many new start-ups find their niche.

However, the start-up life isn’t all fun and games.

It has been documented that 75% of start-ups end up failing, and many start-up employees face an uncertain future. The Harvard Business Review notes start-ups frequently pay average salaries 30 percent below market norms.

The main question for Millennials considering joining a start-up though remains: “if not now, when?”

At Crossroads Consulting, we understand how important start-ups and small business are to reviving the economy. Small businesses of course, are often considered the engine that fuels the economy.

We also understand the long-term goals. If your start-up is one of the unfortunate 75 percent, the skills practiced and learned by you and your employees is almost immeasurable in how broad it truly is.

As the employment landscape continues to change, as an employment agency, we want to do our part. If you’re a part of a start-up looking to hire great talent, we can help you there. If you’re more inclined to find a job with a little more promised security, we can help you there too. With our job openings from across the nation that we are looking to fill TODAY, we’d love to hear from you. If you’re not confident in your resume, we can help you out there as well with our recommended resume service.

All you start-ups out there, we’re rooting for you, and you have the support of the team here at Crossroads Consulting! Keep working, keep growing, and most importantly keep hiring!

Remember, at Crossroads Consulting we’re here to put the ‘human’ back into ‘human resources

UNEMPLOYMENT NUMBERS…

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They couldn’t fix things in 1921 during that recession…in 1929, the Great Depression nearly sinks America. Nothing dramatically has changed since 2008. Could history be repeating itself? (Photo credit: Wikipedia)

BY: Adam Gavriel

A report released by the Washington Post Thursday, April 25th states that United States claims for Unemployment Benefits fell 16,000 to 339,000 last week. This is the second lowest number recorded in the past five years, a positive sign for the April employment numbers.

Unfortunately, not every state is feeling the positive upturn of these numbers.

California (24,303), Texas (3,050), Florida (2,623), Indiana (2,372), and Arizona (1,296) saw the biggest increases in applications of unemployment benefits.

New York (14,113), Michigan (5,998), New Jersey (4,204), Ohio (3,036), and Illinois (2,455) saw the biggest reduction of applications for unemployment benefits.

As the United States economy continues to tread slowly in a positive direction, many analysts still fear with the impending government spending cuts, due to the Government Sequester, will have on the American economy and hiring.

On top of this, a report on Wednesday April 24th from Fox Business News suggests that only 40% of small business owners have an optimistic view point of the future of America’s economy. If you’ve been following along here at Out Of Our Mind, you know that Small Business is the engine that turns the hiring in America. Knowing this, it is incredibly worrisome to read that nearly 60% of small business are not planning on hiring full or part-time workers.

So while the numbers trend positive, the future outlook remains somewhat bleak.

This “Great Recession” has hit the American economy very hard. As America works to turn it around and become an economic power once again, the workers grow restless and worried.

As we always say though, the jobs are out there, and it’s getting harder and harder to get a job on your own these days. Fortunately, at Crossroads Consulting, we can help you with every facet of your job search. From finding the right position that you can turn into a career with our over 50 job postings that we are looking to fill today; to a resume service that will make sure your information gets put on the top of the pile, we’re here to help.

At Crossroads Consulting, we want to get Americans working again and we’re doing our part by, “Putting the ‘human’ back into ‘human resources’”

PAGING ACCURATE UNEMPLOYMENT NUMBERS…PAGING ACCURATE UNEMPLOYMENT NUMBERS!

BY: Adam Gavriel

The November jobs report has arrived and boy was it discouraging.

Gallup reported on Wednesday that there was a huge increase in the United States unemployment number jumping from a reported 7% in October to close to 8% again moving to 7.8% for November. Seasonally adjusted unemployment rose from 7.4% in October to 8.3% over the same time frame.

Though the cause for the huge jump in unemployment is not clear, some economists believe it could be due to jobs lost to the devastating Hurricane Sandy. Economists also believe that it could be due to a very lackluster holiday hiring season.

Looking at November alone, it’s not as bad as it has been as the unemployment rate remains below 8% and at 7.8% is the 2nd best month reported in the year 2012. However after the unemployment rate hit a huge low at 7% in October, and just after the presidential election, it is discouraging to say the least that the unemployment rate is now a reported 7.8%

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A report from Bloomberg shows a different side however, reporting that the number of people seeking unemployment fell heavily last week. The report at Bloomberg states that this could be due to those who filed for unemployment in the wake of Hurricane Sandy now back at work. The number reported showing that applicants dropped 25,000 last week and fell to a seasonally adjusted 375,000. In the week ending November 10th, just 12 days before the biggest day of thanks in the nation, unemployment applicants was at 451,000 so it is very encouraging to see that number continue to drop.

From Bloomberg:

“The report is “a positive development for the labor market, which appears to be recovering from the temporary effects of Sandy more rapidly than originally anticipated,” Joseph LaVorgna, an economist at Deutsche Bank, said in a note to clients.”

This report provides little encouragement however on top of the news of the unemployment rate skyrocketing today. Hopefully, as more and more get off of their temporary stay on unemployment aid, the unemployment rate returns to a manageable level.

The news doesn’t end there however. Further reports from Gallup show that Small-Business Owners continue to slow down their hiring. Small-Businesses are the engine that run the United States economy and when they’re not hiring it’s easy to tell which way the economy will head. Net hiring intention for the next 12 months plummeted to -4 matching its previous record low.

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Gallup also reported that small-business owners who intend to decrease jobs at their companies sky-rocketed to 21%, while those who intend on adding jobs dropped to 17%

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All further signs that this recession is here to stay.

Here at Crossroads Consulting, LLC. we are working to try and keep the unemployment rate in the country as low as possible. We understand that the motor that feeds a strong economy is a strong working class, and getting people in to jobs and lowering the unemployment rate. That’s what we strive to do every day. Check out our listings. We have over 50 positions, many unadvertised on our website. Don’t be shy about applying either; we want to see your resume. If you’re not confident in your resume, don’t worry, we can help you there as well with our recommended resume optimization process.

Remember, at Crossroads Consulting we’re trying to put the ‘human’ back into ‘human resources.’

NFIB INDICATORS SAYS SMALL BUSINESS NEEDS HELP PDQ

BY: Adam Gavriel

Despite the encouraging numbers regarding the United States unemployment rate, the lifeblood of the American business industry, small businesses, remains in a tough state. A report yesterday from Bloomberg Businessweek noted that even with the unemployment rate falling to 7.8% small business hiring slowed down as many owners said they were not planning on hiring or investing in new equipment.

According to the report, a lot of this is due to the uncertainty regarding taxes in the future of small-businesses, and until the election in November, we can expect this trend to continue. September marked the fourth time in the last five months that the National Federation of Independent Business’s optimism index fell.

As you can see from the September report above, 4 of the 10 important factors in determining NFIB fell last month, while two remained unchanged.

Despite the optimism highlighted by the unemployment rate dropping below 8% for just the 2nd time since President Barack Obama took office, deep below the economy continues to struggle. After conducting a survey, Bloomberg Businessweek noted that 17% of small businesses said it was becoming increasingly difficult to fill a job opening. While the number of respondents who expected higher sales held at 1%

The NFIB report was based on a survey of 691 small business owners. Remember that small businesses represent the overwhelming majority of U.S. employers. When small businesses are flourishing, so is America.

Crossroads Consulting, a small business ourselves, not only employs a few Americans, but looks to get the rest of America employed as well. Despite the 7.8% unemployment rate, and the even higher underemployment rate, Crossroads Consulting offers plenty of job opportunities that we are looking to fill nationwide TODAY. With our resume optimization, there is no reason not to come by and take a look at what we offer.

Remember, at Crossroads, we’re putting the ‘human’ back into ‘human resources.’

THE ENGINE THAT DRIVES THE COUNTRY NEEDS WORK

BY: Adam Gavriel

Reports indicate that in August, and for the fifth consecutive month, small business growth declined in the United States.

According to Intuit’s Small Business Employment Index, growth declined from .2% in July to 0.16% in August as small business created just 30,000 new jobs. This number is not so shocking when compared to the fact that average monthly compensation for small business grew by just $2, compared to July when it grew by $7.

The survey continued to show that small business revenue fell by 0.6% from July to August. The retail industry, food services sector, and real estate services were all hardest hit.

Susan Woodward, an economist who worked with Intuit to create the indexes, noted that the employment rate has been slowing since April, and revenue has been falling since March.

This discouraging news comes out the day after the beginning of the Democratic National Convention, and just a week after the Republican National Convention ended. Not to get too political, but it’s discouraging that Democrats read these numbers as, “continued growth,” since the sector is not losing any jobs. What the DNC is not stating, as Ms. Woodward notes, is that the growth has been declining since the beginning of this year.

As anyone who’s ever worked for a living will tell you, small businesses are the engine that drives American employment. Small businesses owners are responsible for employing half of all private sector employees and make up 60-80% of the entire employment workforce. Not only this, but over the past 18 years small business have generated 65% of all new jobs.

(Read more small business facts here)

When the small business sector of America is in decline, American unemployment feels the heat.

As a smal lbusiness ourselves, Crossroads Consulting not only employs Americans, but our entire purpose is to help YOU get employed as well. Whetehr it’s working with you in making sure your resume is right, to finding you the job of your dreams; we’re here to, “Put the ‘human’ back into ‘human resources.'”

Don’t forget to continue checking our job openings as they are update frequently!

A “KNOW-IT-ALL” LOOKS AT SMALL BUSINESS

BY: Adam Gavriel

As a college student I think I know everything…or so Jim Rome told me when I get to hear his voice on the bus to campus every morning. Why the driver insists on listening to Rome every morning is beyond me, but he’s always good for one quote to stick with me the rest of the day. This week when discussing the Penn State scandal Rome had no problem enlightening us with facts on college students specifically that, “They think they know everything.” Well Jim, I do!

Recently I’ve discovered that my MGO 403 (Strategic Management) that I’ve mentioned before here has been one of the most informative classes I’ve taken at the University at Buffalo. This past week discussing small businesses we learned that small businesses in America make up for 60-80% of the employment spectrum.

Working for a small business, Crossroads Consulting, LLC, hearing that  inspired me to do some more research and to see if I could uncover some more facts on the importance of small businesses in terms of employment. As a side note, our small business has just added three new team members to our team who I wanted to welcome aboard.

* Juan Montalvo joins Crossroads Consulting after a very successful career practicing law as Director of Business Development. He can be reached 203-459-9969 x103 or at  Juan@crossroadsconsulting.com.

* Donna Munzer comes to Crossroads from a successful career in Interior Design and Fashion Consulting as Business Development Manager. Donna can be reached at 203-459-9969 x101 and her email is Donna@crossroadsconsulting.com.

* Crossroads new IT Recruiting Manager is Jim Morman who has spent his life in various aspects of Information Technology. Jim’s email address is Jim@crossroadsconsulting.com  and his phone number is 203-459-9969 x104.

Here’s some small business statistics that you may not have known:
•    Represent 99.7 percent of all employer firms.
•    Employ half of all private sector employees.
•    Pay 44 percent of total U.S. private payroll.
•    Generated 65 percent of net new jobs over the past 17 years.
•    Create more than half of the nonfarm private GDP.
•    Hire 43 percent of high tech workers ( scientists, engineers, computer programmers, and others).
•    Are 52 percent home-based and 2 percent franchises.
•    Made up 97.5 percent of all identified exporters and produced 31 percent of export value in FY 2008.
•    Produce 13 times more patents per employee than large patenting firms.
Source: U.S. Dept. of Commerce, Census Bureau and Intl. Trade Admin.; Advocacy-funded research by Kathryn Kobe, 2007 (www.sba.gov/advo/research/rs299.pdf) and CHI Research, 2003 (www.sba.gov/advo/research/rs225.pdf);U.S. Dept. of Labor, Bureau of Labor Statistics.

· Small businesses employ about half of US workers

· Small firms accounted for 65 percent (or 9.8 million) of the 15 million net new jobs created between 1993 and 2009.

If you want to see a list of all the stats and more information on small businesses, check out this link: http://web.sba.gov/faqs/faqIndexAll.cfm?areaid=24

Don’t forget to check out our current openings, and make sure to like us on Facebook, and follow us on Twitter!

THE ONLY THING RISING, IN TERMS OF EMPLOYMENT, IS PEOPLE’S FRUSTRATION

BY: Adam Gavriel

According to a report by CBIZ small business hiring increased from 0.67% in June after increasing just 0.22% in May. At first glance this number looks somewhat promising, but among the small business (companies with 300 or less employees) surveyed, 49% maintained their current number of employees. On the other hand 22% decreased employees while 29% reported an increase in hiring.

Philip Noftsinger believes that the little growth in June when there should have been an extreme increase due to seasonal hiring shows that there is little to no confidence in this number rising substantially any time soon. Noftsinger expects the small business sector will remain weak through the third and possibly fourth quarters of this year.

However it is also important to note that the small business sector remains just that, small. Any rapid growth in this area is hard to come by since the sector thrives on long-term economic growth to succeed and it is very unlikely to show a rapid increase in such a short amount of time.

Although the numbers have increased, it was just a few fractions of a percent which continues to make those observing it weary about the future of small business hiring.

On the other hand among all this data is a report that sales of small businesses earning an average $350,000 in revenue have increased 8% in the second quarter of this year. But this number too is also deceiving. The only reason the number has increased 8% is that small business owners are losing confidence and not asking for the market prices they once were demanding. According to a report by BizBuySale.com buyers paid a median of $25,000 less than market value for purchased small business in the 2ndquarter.

According to the study, 45% of all businesses sold were in the service sector, while 26% were retail.

When times in the nation are bad it is the small businesses that are hit first. Not being able to keep up with the big chains that run them out of business, the mom and pop shops of the world begin to suffer.

At Crossroads Consulting we know the hardship that is going out there and that’s why we strive to put the “Human” back into Human Resources. With job openings that are updated daily we also offer resume optimizationand interview preparation for the job seekers. Not only that but if you’ve been keeping up with the blog here at Out of Our Minds you know that we have posted quick write ups on how to improve your skills. We browse resumes daily that are posted online in order to find those people that we feel we can help.

Send in your resume today, and we’ll help you find the career you’ve always been looking for.

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