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
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

5 Things To Know About Small Business This Week: June 7

NEW YORK ( TheStreet) - Whether you were coming up with tasks to fill the slow summer days, finding strategies for your "excess cash," or optimizing all that social-media engagement, here's what happened in small business this week.

1. Summer slowdown activities for small-business owners. Just because the summer may bring fewer sales, doesn't mean you should head the beach yourself -- the exception being seasonal businesses which need as much sun as they can get, and so far, we're getting too much rain.

Generally, the slower summer months are a good time for business owners to address matter that might be holding them back during the rest of the year.

Also see: Moe's Southwest Grill President: Fast Casual Is Still Hot

CBS News suggests expanding your network by going to a conference or a networking event, upgrading your Web site, training staff and thinking about longer-term goals. Then you can take that vacation.

2. After all that, the Internet sales tax bill looks dead. A bill to place sales tax requirements on online merchants is rumored to be dead, or at least dying. The House Judiciary Committee Chairman Bob Goodlatte (R-Va.) said his committee would not take up the Senate-approved Marketplace Fairness Act, according to a blog post on Reason.com.

Goodlatte criticized the bill as unfair to consumers and says House Republicans will come up with their own version of the bill.

Also see: Viking Cruises Goes Ocean Despite Mishaps

3. Strategies for excess cash. Businesses know they should have enough cash on hand to cover several months' worth of expenses, but it's no secret that U.S. companies are hoarding close to $2 trillion in cash these days. As a small-business owner, what are the best ways to use that cash? Should you acquire a competing firm whose owner is looking to retire? Purchase inventory? Take some proceeds for yourself? Inc.com contributor Gene Marks shares several tales of what his small-business clients do with their excess cash.

4. Best ways to use Pinterest to generate traffic and engagement. Pinterest is one of the hottest social media sites right now and while this article was originally published in January 2013, small-business owners could learn a lot about how to approach potential customers through Pinterest. Some things to consider when using Pinterest: users appreciate before-and-after graphics of using your product or service; "repins" as opposed to "likes" are key for Pinterest; include prices on pictures; rename photo files to optimize SEO; drum up engagement by actively following other users, among other tips.

1 of 2

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
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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!
SYM TRADE IT LAST %CHG
AAPL $129.15 0.05%
FB $79.49 -0.33%
GOOG $574.18 0.50%
TSLA $199.80 1.30%
YHOO $42.66 -3.30%

Markets

DOW 18,188.12 -100.51 -0.55%
S&P 500 2,107.46 -9.93 -0.47%
NASDAQ 4,979.5680 -28.5280 -0.57%

Partners Compare Online Brokers

Free Reports

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