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
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

3 Things You Should Know About Small Business: Mar. 5

Stocks in this article: INTU

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

1. Doctors Express has been acquired. Franchised operation Doctors Express has been acquired by Phoenix-based Immediate Clinic and its parent company, The Ensign Group (ENSG) of Mission Viejo, Calif.

With Immediate Clinic's leadership (led by Dr. John Shufeldt, the former CEO of NextCare, one of the nation's largest and most successful privately owned providers of urgent care and occupational medical services) as well as Ensign's resources, Doctors Express will be able to "fulfill its mission of redefining the patient experience by eliminating long waits associated with doctor's office or emergency room visits," the company said in an announcement Monday.

"Doctors Express has done a great job growing the business, providing state-of-the-art urgent medical care and supporting franchisees across the country," Shufeldt says in a statement. "I see a lot of potential for Doctors Express, and we intend to pursue a variety of innovative strategies to provide customer and quality-centric urgent care and occupational medical services."

There are 49 Doctors Express centers, and 143 franchises have been awarded in 24 states, 85 of which will open by the end of the year. Doctors Express plans to have 1,000 centers open in the long term.

2. Small firm hiring is slowing.Businesses with fewer than 20 employees created 45,000 jobs during the four weeks starting Jan. 24, according to Intuit's (INTU) Small Business Employment Index. The number of hours worked by small-business employees also decreased slightly last month, but that was offset by a small uptick in compensation, Intuit says.

"We saw another month of tepid improvement for small businesses in February, echoing pretty much all of the other indicators of economic activity," says economist Susan Woodward, who works with Intuit to create the Index. "The low hiring rate reflects the reluctance of employees to leave their jobs in such an unsecure job market, so employers do not need to hire to replace them. This phenomenon is present in firms of all sizes, and is not unique to small firms."

3. High gas prices are killing small businesses. Politico published an opinion piece by Rep. Sam Graves (R-Mo.), who is also the chair to the House Small Business Committee, urging Congress to address high gas prices as they are placing serious pressure on small businesses and ultimately the recovery at large. His solution is in line with Republican orthodoxy: Drill, baby, drill. (And produce more natural gas and coal.)

"U.S. small businesses want lower fuel prices now. It is up to Washington to put aside political pandering to special interests and open up safe exploration and development to our domestic energy resources. If we don't, small businesses will suffer, and our recovery will be delayed," Graves writes.

Written by Laurie Kulikowski in New York.

To contact Laurie Kulikowski, send an email to: Laurie.Kulikowski@thestreet.com.

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

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.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!

Markets

DOW 17,827.75 +12.81 0.07%
S&P 500 2,072.83 +5.80 0.28%
NASDAQ 4,787.3170 +29.0650 0.61%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

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