This Day On The Street
Continue to site
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

3 Things You Should Know About Small Business: July 31

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

1. This startup is de-friending Facebook. Long Island music industry startup Limited Run has decided to remove its Facebook (FB - Get Report) page after starting a spat with the social media company that quickly became national news. The startup claims that Facebook was charging them for ad clicks that weren't coming from actual people, according to a Mashable recap of the virtual war of words, and clicks.

"Facebook was charging us for clicks, yet we could only verify about 20% of them actually showing up on our site," Limited Run was quoted as posting on its Facebook page.

Limited Run hosts stores for labels and artists. The allegation is timely, given a recent report by the BBC that alleges Facebook has worked with fake spam accounts.

Facebook told the Los Angeles Times that it is investigating the allegations made by Limited Run and described it as a "miscommunication."

2. Businesses with fewer than 20 employees had weak hiring in July. According to estimates from Intuit (INTU - Get Report) Payroll's July Small Business Indexes, small businesses created just 35,000 jobs in the four-week period ending July 23. Intuit said 40,000 new jobs were created in June, based on revised numbers.

The data is based on approximately 82,000 of Intuit's small businesses customers.

Unfortunately, Intuit's revenue index, launched in May, didn't show a much better picture of the economy. Overall revenue declined in June (the index trails the hiring index by a month) by 0.5% from the previous month. Among the industries tracked by the index, none saw an increase, whereas construction and real estate had modest gains in May.

The construction industry did see the smallest decline in June. It accounts for about 8% of employment among all companies and roughly 20% of employment for small companies, so any change in this sector is important, Intuit says.

The accommodation and food services sector saw the biggest revenue decline, at 0.7%, followed by the retail industry, at 0.5%.

3. Get started on your disaster recovery plan. Business continuity planning sounds boring enough as a topic, but it could be the difference between survival and failure for your small business if a disaster hits. The SBA is hosting a free webinar on Tuesday, Aug. 14 from 2-3 p.m. ET to help small businesses begin to think about disaster planning.

Some of the webinar's topics: Does good insurance coverage mean financial protection? Should your priority be protecting your employees? How do you find the time to work on a disaster recovery plan?

-- Written by Laurie Kulikowski in New York.

To contact Laurie Kulikowski, send an email to:

To follow Laurie Kulikowski on Twitter, go to:!/LKulikowski

>To submit a news tip, email:


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
Only $9.95
14-Days Free
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!
FB $80.78 0.00%
INTU $95.58 0.00%
AAPL $124.75 0.00%
GOOG $524.05 0.00%
TSLA $206.79 0.00%


DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs