This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

3 Things You Should Know About Small Business: Dec. 14

NEW YORK ( MainStreet) -- What's happening in small business today?

1. Square hits 1 million merchants. Mobile payments startup Square, founded by Twitter's Jack Dorsey, hit 1 million active merchants, according to Marketing Land.

Square, launched early last year, is targeting small merchants. It offers free hardware to allow them to accept payment on their Apple (AAPL - Get Report) iPhones and iPads and Google (GOOG) Android devices.

Dorsey apparently announced the milestone Tuesday via his Twitter account, according to the article.

"To put that in perspective: there are only 8 million merchants who accept credit cards in the U.S. @Square has added 1 million," Dorsey tweeted.

2. Lessons from Quiznos. A lot can be said and learned from Quiznos, the troubled franchise chain. The quick-service sandwich shop is in trouble of defaulting. While Quiznos executives scramble to save the company, franchisees are paying the price as multiple franchises close.

Franchise expert Joel Libava offers future franchise owners five lessons from the Quiznos catastrophe in his blog:

  • Don't buy a specific franchise just because it's been named a "top franchise";
  • Don't buy a franchise without talking to current and past franchisees of the franchise you're interested in;
  • Hire a franchise attorney;
  • Make sure that you have enough "fall-back money";
  • Make sure that your skills are a match for your actual role as the franchisee.

3. Small-business optimism rises. Small-business confidence rose for the third consecutive month, according to the National Federation of Independent Business monthly confidence index.

The index rose 1.8 points in November, but still settled at a "weak" 92, the NFIB says. The report is based on the responses of 781 randomly sampled small business members, surveyed in November.

>>Mobile Payments: Convenience at a Cost?

Sales in addition to taxes and regulations remain the top concerns by business owners. Sales reports improved marginally last month, but still remain in negative territory.

Approximately 21% of all owners reported higher sales in the past three months compared with the prior three months, while 29% reported lower sales. (Most of the reports on sales volume were made before Black Friday; the impact of that level of spending will show up in the December reports, the NFIB says.)

More business owners expect higher sales and an improved business outlook, the NFIB says. Hiring also improved last month, ending five months of decline.

"After so many months of pessimism, November's modest gain made it feel like spring again," NFIB Chief Economist Bill Dunkelberg said. "We have good reason to be optimistic about last month's report and hopeful about what it means for the future. Still, our current reality is still very much the ongoing economic winter. November's reading is still well below the average reading prior to 2008 levels from previous recoveries. More acutely, it is 2 points below January's index, which means that there has been no progress over the calendar year. We should be encouraged, but cautiously so."

To follow Laurie Kulikowski on Twitter, go to: http://twitter.com/#!/LKulikowski

To submit a news tip, send an email to: tips@thestreet.com.

RELATED STORIES:







Follow TheStreet on Twitter and become a fan on Facebook.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
AAPL $123.25 0.00%
GOOG $548.34 0.00%
FB $83.30 0.00%
TSLA $185.00 0.00%
YHOO $45.10 0.00%

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs