What is the best way to go about selling my small business?

Welcome to Sapier News. If you have not set a topic yet, feel free to do so from the Membership Account page. If a topic is not set, you’ll receive general news rather than specific news that match your topic. Also, bear in mind that topic assigning/changes may take up to 24 hours to be reflected.

Please give feedback here.

Small Business Sales Trends for 2024

The U.S. Chamber of Commerce outlines the top sales trends for small businesses in 2024, focusing on digital integration, personalized customer experiences, and sustainability. According to Eric Eng, Founder and CEO of AdmissionSight, “Digital integration will be the paramount factor influencing small business sales in 2024.” This includes leveraging e-commerce platforms and social media to reach a wider customer base and drive sales growth.

Another key trend is the continued demand for personalized experiences. Martin Gasparian, an attorney and Owner of Maison Law, emphasizes the importance of delivering tailored experiences to customers, as they want to feel appreciated and cared for. Additionally, consumers are increasingly supporting small, family-owned businesses due to financial limitations and conscious spending.

Bloomberg Business News

Bloomberg provides comprehensive business and financial updates, including breaking news and data analysis. The platform covers a wide range of topics, from market trends to economic policies. For small business owners, staying informed about global business and financial developments is crucial in making informed decisions.

Entrepreneurs’ Impact on Jobs and Economic Growth

A report from the IZA Institute of Labor Economics highlights the significance of entrepreneurs in driving economic growth and job creation. Entrepreneurs introduce innovative technologies, products, and services, which boosts competition and productivity. However, policymakers need to balance the benefits of entrepreneurship with the potential job losses that can occur in the medium term.

The report emphasizes the importance of a business environment receptive to innovation, as entrepreneurs respond to high regulatory barriers by moving to more innovation-friendly countries or turning to non-wealth-creating activities. Governments can attract productive entrepreneurs by cutting red tape and streamlining regulations.

House Committee on Small Business Announces July Hearing Schedule

The House Committee on Small Business has announced its July hearing schedule, including a full committee hearing on the current economic landscape in America. This hearing aims to examine the realities faced by small businesses on Main Street. Additionally, a joint subcommittee hearing with Veterans’ Affairs will focus on leveling the playing field for small businesses.

IRS to Decline Billions in ‘Inappropriate’ Pandemic-Era Small Business Tax Credit Claims

The Internal Revenue Service (IRS) plans to reject numerous claims for small business tax credits deemed ‘improper’ during the pandemic period. This move aims to address questionable claims for tax credits by small businesses and ensure that only legitimate and eligible claims receive approval.