Job growth got off to a rocky start this summer with a steep decline in May. But according to a new report, U.S. small business employment growth rebounded from a decline in May to a significant increase in June. This Trending on Thursday provides a summary of the small business economy in the wake of Brexit, as well as tips for small business owners to be better negotiators and a morning routine to increase productivity and accomplish your goals.
This week’s full #smallbiz news roundup follows. Tweet us at @MarlinBusiness and tell us how you feel about the state of the national and global economy.
- A recent CNBC article reported that U.S. small business employment growth resumed last month after breaking a three-month streak of gains in May. The Paychex IHS Small Business Jobs Index advanced 0.21 percent to 100.81 in June from the previous month, marking the best reading yet this year. A measurement above 100 indicates growth. The index increased 0.44 percent in the first six months of the year, despite a one-month dip in the second quarter.
- With the U.K.’s vote to leave the European Union and a U.S. presidential candidate vowing to build a wall between the USA and America’s third-largest trading partner, globalization is a current buzzword on cable news talk shows. But for American small businesses, it is a double-edged sword. For decades, some small businesses have been threatened, or shut down, by foreign competitors. At the same time, many American small businesses have been created and grown as a result of global trade. Rhonda Abrams has detailed the dichotomy between these opposing views in a recent article from USA Today.
- If you’re ambitious, like most small business owners and entrepreneurs, you’re bound to feel like a failure from time to time. Lofty goals lead to inevitable moments when you aren’t yet living up to your expectations. We live in a world that reinforces this feeling. Though most people won’t admit it, in the back of our minds, we equate material possessions with success. It’s a shame we fall prey to materialistic thinking because we certainly know better. Real success is about who you are and how far you’ve come. If you ever worry that you’re not as successful as you should be, you may be evaluating yourself against the wrong criteria, according to Travis Bradberry at Entrepreneur.
- Negotiating is a pretty common concern among small business owners. John Rampton at the Huffington Post spent some time working on learning negotiation tips for freelancers. With time, he was able to increase rates and ask for more money confidently. Rampton has shared some of his best tips, including believing you deserve to make more money and realizing it’s not about winning or losing.
- Napoleon Hill, author and one of the earliest recognized personal success experts, once said, “Your subconscious mind works continuously, while you are awake, and while you sleep.” Your subconscious never rests and is always on duty because it controls your heartbeat, blood circulation, and digestion. It controls all the vital processes and functions of your body and knows the answers to all your problems. In other words, what goes on internally, even unconsciously, eventually becomes your reality. Consequently, your goal should be to direct your subconscious mind to create the outcomes you seek. Benjamin Harding at Inc. has shared a ten-minute routine to help get you started.