The sign of a busy worker used to be a desk with a huge PC crowded on the sides by small gadgets and hemmed in below by snaky tangles of data and power cables. Today’s business tech is neater and simpler: A thin laptop or tablet connected to a wireless network gets the work done and leaves room on the desktop for a cup of coffee — or your feet.
Small-business owners are adjusting their budgets to accommodate technologies that enhance operational efficiency, customer service and sales. Advances in computer, network and communications technology have revolutionized such areas as accounting, payment processing, marketing and communications, lowering overall costs and giving a competitive edge when applied.
Small-business lending is re-bounding, albeit at a cautious pace, after the big squeeze of 2008 and 2009 at the height of the economic recession. According to the U.S. Small Business Administration, commercial banks in 2010 began to ease the tight lending conditions they had imposed on small businesses when the economy began its downward slide early in 2007. Loans under $1 million, the ceiling of a typical small-business loan, totaled $695 billion in fiscal year 2009, ending Sept. 30, 2009, up from $687 billion in FY2007.
The Obama administration will award up to $1 billion to innovative projects that test creative ways to deliver high-quality medical care and save money. Launched on Nov. 14, by the Department of Health and Human Services and funded by the Affordable Care Act, the Health Care Innovation Challenge
With the Jan. 1, 2013, “readiness review” deadline approaching for state-based health insurance exchanges mandated by the Patient Protection and Affordable Care Act, local officials face a quagmire of legal and federal red tape to bring the exchanges to life.