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. 28

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

1. Thinking about starting a business in 2013? After posting the 10 weakest sectors in 2013 for small business, the Washington Post unveils the 10 strongest growth sectors for small businesses in the coming year.

The data, provided by Sageworks, shows that cattle ranching and farming, architectural and structural metals manufacturing and oil seed and grain farming were the sectors with the strongest growth sales over the past year.

2. East Coast port strike could cost $1 billion a day. The Dec. 30 deadline is nearing in order to avoid a strike involving dock workers on the East Coast, following a similar labor dispute on the West Coast, CBS News reports.

If a deal isn't reached by Sunday morning between the International Longshoremen's Association and the U.S. Maritime Alliance, a group that represents shipping lines, terminal operators and port associations, then the shipment of products from flat-screen TVs to snow shovels as well as raw materials could be disrupted. The strike would close cargo ports on the East Coast and the Gulf of Mexico to container ships, the article says.

The shutdown, which could cost companies $1 billion a day, could be a big blow to retailers and manufacturers in an already weak economy, CBS News says.

3. Three steps to turn around a failing company. "Turnaround King" Grant Cardone says there are three essential steps to take if youre company is failing fast. First, make sure you "get the real scoop" as to why your company has "hit the skids," according to Inc.com.

While you may think you know the reasons -- it's not the economy -- most likely you don't. Experience the company as customers do, which can be very enlightening, the article says.

Next, sell your staff. Getting rid of current staff and recruiting better-fitting employees is unlikely when the company's future looks uncertain. Work with employees you already have and turn them into ideal workers.

Finally, rally the troops "around a definite and achievable goal," Cardone says.

-- Written by Laurie Kulikowski in New York.

1 of 2

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!
DOW 17,279.74 +13.75 0.08%
S&P 500 2,010.40 -0.96 -0.05%
NASDAQ 4,579.7890 -13.6380 -0.30%

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