Personal Finance

Possible titles for "The Small Business Movie"

One of the great icons of Americana is Hollywood, including all the epic movies with almost breathtaking titles, like "Gone with the Wind."

Among my favorites is a war movie with such a title, "In Harm's Way." A more recent one that isn't a war movie, but has a compelling title is, "Against All Odds."

If anyone ever made a movie about the American small business, either of these three would be a perfect title. Creating something from nothing in a rude marketplace - often with little or no capital, in the face of entrenched Big Box, local and Internet competitors - is as close to "in harm's way" as you can get without dodging enemy fire. And against all odds, less than half of small businesses survive five years while less than one-third of those make it to the second generation.

If your small business has come through the Great Recession and the Not-So-Great Recovery, you've gone in harm's way and survived, against all odds. And based on recent surveys - the very sophisticated and the not-so-very - many small businesses still have harm to avoid and odds to challenge.

The most recent and very sophisticated NFIB Index of Small Business Optimism reported that while optimism has spent many quarters below the 100-point historical baseline, the recent 0.4% rise to 94.5% score, means while we may not like the number, we like the trend. When most small business owners report optimism about their future, the gold standard NFIB Index will hit or exceed 100.

Recently, my not-so-very-sophisticated online survey of small business owners answered this question: "With two months of 2011 behind us, how is the recovery going compared to last year?" Those who said, "The economy is definitely improving" represented 28% of respondents. Those who said "Sales revenue is better, but the recovery is still slow," came in at 43%. And the group reporting "Sales revenue is not growing," was 30% of our sample.

Remember my two admonitions about dealing with this recovery: 1) It's going to be a marathon. Pace yourself with discipline and patience; and 2) If you're in the majority that isn't feeling the recovery, find out what the apparently very happy minority is doing.

Here's another epic war movie title I think you'll agree would fit that small business movie, "The Longest Day." It's about what it takes to avoid being gone with the wind.

Write this on a rock... You may not be movie stars, small business owners, but you are heroes. Keep the faith.

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Jim Blasingame is one of the world's leading experts on small business and entrepreneurship. He is the creator and award-winning host of the nationally syndicated radio program, The Small Business Advocate® Show. In addition to his weekly columns, Jim is the author of two books, Small Business is like a Bunch of Bananas and Three Minutes to Success.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Small Business

Jim Blasingame

Jim Blasingame is one of the world’s leading experts on small business and entrepreneurship. He’s the creator and award-winning host of the syndicated radio program, The Small Business Advocate Show, syndicated columnist and author of Small Business Is Like a Bunch of Bananas and Three Minutes to Success. His third book, The Age of the Customer®, released in January 2014. Jim has received awards and recognition for his work and leadership on behalf of small businesses from the U.S. Small Business Administration (SBA), Association of Small Business Development Centers (ASBDC), American Chamber of Commerce Executives (ACCE), New York Enterprise Report, FORTUNE Small Business and TALKERS magazine. Google ranks Jim as the #1 small business expert.

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