NFIB’s Small Business Growth Report is Out; The News Isn’t Good

The National Federation of Independent Businesses, a small-business federation in the United States, just published its November 2011 report on small business growth and the picture it paints is not rosy.

In fairness, not all of the impediments the NFIB sees to small business growth are management-level issues and in fact, the report suggests that “The two principal impediments to current small-business growth are business uncertainty and weak sales.” Although upgrading to Information Age Management will help a company grow and become better at getting its products to market, it takes more than a new management paradigm to bring an economy out of stagnation.

But the report also states that “sixty-one (61) percent [of the study group] reported the lack of skilled employees as an impediment (or 24% of the population) would hire at least one additional employee at the current market wage rate in the next six months if they could find people with appropriate skills. [emphasis original] This is precisely where Information Age Management steps in.

By following the techniques in my book, Information Age Management, managers and companies put themselves in a better position to compete with other firms for a dwindling pool of skilled workers. That’s because Information Age Management expands your prospective talent pool to include skilled workers who are geographically remote and/or available to provide their skills during non-conventional business hours. Further, Information Age Management gives step-by-step instructions for hiring, evaluating, and keeping great workers.

As discussed in Information Age Management: How to Increase Productivity by Getting the Best Out of Contractors, Vendors, Telecommuters, and Other Geeks in a Rapidly Changing Workplace, current employment models are based on an Industrial Age culture that no longer serves us well in an age of “always on” connectivity and 24/7 services. Companies that want to remain competitive have to adjust to this new paradigm while maintaining their bottom line or they will fail sooner than later.

You can download the NFIB’s Small Business Growth Report here (pdf).