Small Business Recovery is than Slower Past Recessions

www.acdfinancial.com Over the last three decades of recessions in the United States, it has been small businesses with fewer than 100 employees who pulled the country out of  each recession - via hiring.  But it is not so this time.  Worse than in previous downturns, unemployment levels are at 10 percent. There are many reasons that are keeping small businesses owners from hiring again including: little demand for goods and services by cnsumers;  a fall of in small business start ups; the devastation of the real estate market; overall uncertainty about the economic outlook;  concerns about the economies abroad.  Many analysts believe that these are the reasons why the economic recovery is so slow. According to Census Bureau data, during the three previous economic recoveries, small business employers accounted for the vast majority of new jobs.  Most of these companies had fewer than 20 workers.  Owners cannot hire whent here is little or no growth in sales.  What's worse, businesses need cash flow on hand to grow, and many businesses  have none.  However, some companies have discovered that invoice factoring is their salvation to keep things going.  Factoring is the way to get paid early on invoices that are now being stretched out to 60 or 90 days.  Many service companies simply cannot wait that long to get paid for services rendered.  They need the funds to pay employees, bills, or buy supplies for production on new clients' work, and when they use accounts receivable factoring , they get the funds in as little as 24 to 48 hours.  Original post blogged on b2evolution. Courtesy of IFG Network.