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) 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) 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: Laurie.Kulikowski@thestreet.com. To follow Laurie Kulikowski on Twitter, go to: http://twitter.com/#!/LKulikowski >To submit a news tip, email: firstname.lastname@example.org.
Follow TheStreet on Twitter and become a fan on Facebook.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
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.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
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.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV