Small firms shunning outside financing. — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily
According to a new survey by SurePayroll, 81% of small business owners say they’ve never received outside equity or debt financing. More than half (55%) of respondents say they have no need and no plans for external funding. For businesses that tapped into outside capital, debt financing was the most popular, followed by equity financing or a combination of both.
While you may lack the resources to approve generous merit-based pay raises, you can still devise no- or low-cost incentives that are creative, unique and sure to fire up your crew....Click here to find out more.