In the News: Small Businesses Get $145.7B in Prime Contracts from the Federal Government

When small businesses are awarded contracts by the federal government, they pay off in many different ways. And that’s just what happened with $145.7 billion in initial contracts for small businesses. According to the Small Business Administration (SBA), $145.7 billion in prime contracts along with another $82.8 billion in subcontracts awarded to small businesses were responsible for creating nearly one million jobs.

This article awards the federal government $145.7 billion in contracts to small businesses, in a report this week, looking at efforts by the SBA and the federal government to award at least 23% of contracts to small businesses. But this year, they awarded 26.01% of all federal contracts, exceeding the mandatory 23% on major contracts.

The tour also addresses a number of important issues for small businesses this week, the implementation of Google’s three-strike advertising system for publishers, which will affect many small business owners, and the tax considerations of selling a business.

Small Business News Brief – July 30, 2021

Find out what the rest of the tour has to offer this week:

Office workers are among those who prefer smart lockers to get parcels securely

According to a new study from Pitney Bowes, office workers are more likely to prefer smart lockers to get packages securely. Millennials and city dwellers are also part of this group that sees the benefit of using smart lockers. Office workers and smart lockers As employers and employees look for ways to improve the workplace, the work/business environment is changing.

Google Ads imposes 3 violating regulations on publishers

In September 2021, Google will test a new strike-based beta program for repeat offenders of Google’s ad policies. The triple ad policy system will have increased levels of penalty, but before strikes, you will receive a warning first.

1 out of 4 entrepreneurs fail at their business before they succeed

1 in 4 entrepreneurs fail at least once before they succeed. Entrepreneurs take an average of three years for their businesses to start supporting them financially. These fairly candid statistics involving entrepreneurship were the results of a study conducted by Skynova, a small business resource for creating professional invoices.

American workers take 2.7 hours of rest a day – what are they doing?

Taking regular breaks is vital for workers to stay focused, productive and alert, but is the American workforce taking too many breaks? According to research by Solitaired, providers of activities to help maintain healthy bodies and minds, workers in the United States take an average of 2.7 hours of rest each day.

74% of consumers would rather text with companies if a real person was texting back

Nearly three-quarters of consumers prefer texting as a way to communicate with businesses, providing a real person to respond to text messages. This was the result of communications and push to local business providers, Podium’s, Local Business Message Trends Report 2021.

Zoho Invoice is now free to empower small businesses

It’s always nice to take any cost on the expense sheet for a small business. This makes Zoho Invoice advertised for free even better. The reason, because this is a cloud-based billing solution with over 30 real-time reports so you can easily navigate the billing and payment process.

Entrepreneurs often lack marketing assistance when starting a business

Starting a business is not without challenges, and the more help, support and advice an entrepreneur receives, the more likely they are to succeed. This was the result of a report by Skynova, a small business resource for creating professional invoices using an online platform.

Selling Business Tax Considerations

If you are concerned about receiving tax when you sell your business, take a business assessment. A business evaluation is an evaluation that can help you determine your price. It can also help you estimate the tax impact beforehand. It may also highlight ways you can reduce this effect. We’ll tell you everything you need to know.

Why is thinking outside the box useless?

One of my favorite expressions is “there is no truth outside of yourself”. We need to realize that everything we see in the world is viewed from our own point of view. What are the positive and negative effects of this on your business? On this week’s Small Business Radio Show, Kenneth Cuker was an award-winning journalist and best-selling author.

What is 3D printing?

3D printing is an additive process in which 3D objects are created from digital files. It entails placing a series of layers of material in order for the object to be created. This innovative production process uses materials such as plastic, ceramic, metal or any other material to make intricate shapes.

Photo: Depositphotos

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