This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

3 Things You Should Know About Small Business: Oct. 19

Stocks in this article: HIG TAP

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

1. Another day, another depressing pulse of small-business owners. Small-business owners are less confident that the economy will strengthen next year, according to the latest The Hartford 2012 Small Business Success Study. The survey found that just one-third of small-business owners polled expect the economy to strengthen next year, compared with 61% who expected the economy to strengthen in the company's spring Small Business Pulse survey.

Despite their economic outlook, 68% of owners say they are moderately to extremely successful, largely consistent with results last year.

Slow economic growth, higher taxes and uncertainty with federal regulations are seen as the major risks for small-business owners. Three-quarters of those polled expect their taxes to rise. If those expectations are met, 66% of owners say they will offset the impact by passing along costs to customers, 58% say they would delay expansion plans, 55% say they would also reduce personal investments in their business and 54% say they would not hire further.

The survey polled 2,004 owners of companies with fewer than 100 employees and annual revenue of $100,000 or more that have been in business for at least one year.

2. There's one week left to submit a business plan for The MillerCoors business plan competition. The 2013 MillerCoors (TAP) Urban Entrepreneurs Series was developed in 1999 to help urban entrepreneurs fund their start-up businesses or companies that have been in business for less than five years.

The program consists of two components -- an online business resource including webinars and social media platforms for emerging entrepreneurs and the business plan competition. The competition is open to businesses in marketing, sales, corporate services, brewery operations and IT.

This year's competition has a prize pool of three grants totaling $125,000. The winners of the competition could be considered by MillerCoors for participation in their supplier diversity program. The competition is open to all business owners over the age of 21. Applicants have until Oct. 26 to submit their information.

Since the program's inception, it has awarded more than $1.7 million to businesses in urban communities across the U.S.

3. Are these people holding your small business back? It's important for small-business owners to surround themselves with trusted advisers and supporters when just getting their business off the ground, but there are several personality types that will just hold you back. says to get rid of these nine types from your inner circle: devilish advocates; raving fans; inside scoopers; backstabbers; geocentrists; roadblock prophets; schmoozers; maintenance schedulers; and the walking dead.

-- Written by Laurie Kulikowski in New York.

To contact Laurie Kulikowski, send an email to:

>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.

Select the service that is right for you!

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!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • 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