Inside This Issue: Peer Groups: Work On Your Business – Not Just In Your Business // Create a Business Succession Plan // SWOT Analysis: Does Your Company Need One? // Big Picture // Upcoming Events

 
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Peer Groups: Work On Your Business – Not Just In Your Business
When the subject of networking or belonging to a networking group is raised, you may conjure up images of cocktail parties or high-pressure, high-volume meetings where members give a 30-second commercial and ask for lots of sales leads.

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Small Business Insights
 
 
Create a Business Succession Plan
Whether at a company with global reach or a small start-up firm, many business owners feel a strong emotional bond to the business, as if it were one of their own children. Naturally, they want to ensure that the company will be in good hands when they retire or move on.

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Tips for the Entrepreneur
 
 
SWOT Analysis: Does Your Company Need One?
Knowing what market direction to take or products to develop is a tough challenge for many business owners. While a crystal ball would be nice to consult, a SWOT analysis may be even better.

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The Big Picture
 
• State job growth rose 1.2% in December 2014 from a year ago; national job growth rose 2.2%.
• State unemployment averaged 3.7% in December 2014; the national average was 5.6%.
• Personal income rose 2.5% to $265.3 billion in Q3 2014 from a year ago.
• Tax revenue increased 12.7% in Q3 2014 from a year ago.
• Exports fell 7.3% to $24.6 billion in the first ten months of 2014 from a year ago.

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Upcoming Events: February 27: Built to Sell Seminar Series // March 3: Allied Executives Business and Economic Outlook // March 5: Club Entrepreneur - Got Millennials?

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