{"id":111,"date":"2000-06-14t07:15:00","date_gmt":"2000-06-14t12:15:00","guid":{"rendered":""},"modified":"2024-10-01t09:16:52","modified_gmt":"2024-10-01t13:16:52","slug":"small-business-begins-to-embrace-the-internet","status":"publish","type":"post","link":"\/\/www.g005e.com\/2000\/06\/14\/small-business-begins-to-embrace-the-internet\/","title":{"rendered":"small business begins to embrace the internet"},"content":{"rendered":"<p>by rick telberg <\/p>\n<p>june 14, 2000 (<a href=\"http:\/\/www.smartpros.com\">smartpros<\/a>) ? it&#8217;s been said that the business of america is business. in fact, the business of america is small business. and it&#8217;s the nation&#8217;s local accountants who keep them humming. <\/p>\n<p>&#8220;we are seeing a shift toward b2b e-comm in small business of all sizes.&#8221; &#8212; idc analyst<\/p>\n<p>now there&#8217;s new research from the data hounds at idc in framingham, mass., which suggests that the nation&#8217;s small business owners are jumping into e-commerce as a critical part of their survival success formula.<\/p>\n<p>idc says the number of u.s. small businesses engaged in e-commerce will increase from 400,000 in 1998 to almost 2.8 million in 2003. small businesses embracing e-commerce may be well positioned to succeed, idc says. laggards could fail.<\/p>\n<p>most small businesses garner less than $5 million a year. but idc found that companies adopting the internet are raking in revenues &#8220;significantly higher&#8221; than those that rated it as less important.<\/p>\n<p>&#8220;the internet is a key component to success for small businesses,&#8221; said merle sandler, senior analyst for idc&#8217;s small business program. &#8220;consumers have been the focus of small business e-commerce activity, but we are seeing a shift toward business-to-business e-commerce in small businesses of all sizes.&#8221;<\/p>\n<p>other key findings<\/p>\n<p>of 7.5 million small businesses, 11 percent were engaged in e-commerce in 1999.<br \/>\none-third of internet-enabled small businesses have a home page.<br \/>\nsmall businesses profiting from the internet are more involved in business and other services, manufacturing, and real estate than their e-enabled counterparts.<br \/>\nsmall businesses that regard internet-related revenue as important tend to have been in business for a shorter period of time than other small businesses.<br \/>\n20 percent of small businesses are selling online, by taking orders over the internet or by phone or fax. <\/p>\n<p>among the smallest of the small, technology can provide the critical difference. ray boggs, vice- president of idc&#8217;s small office\/home office research, reports there are currently 25.5 million sohos in the u.s., equaling one in every four households. idc projects an increase of more than 6 percent annually, projecting 32.3 million sohos by 2003. idc surveys also find 25 percent of sohos want to conduct online selling and 21.5 percent of them have a web home page.<\/p>\n<p>boggs says that while the number of startups is increasing each year, the number of businesses folding is also increasing. &#8220;but,&#8221; he says, &#8220;broadband and new technology will help the soho community compete effectively.&#8221;<\/p>\n<p>clearly, this is an opportunity too big for smart accountants to pass up.<\/p>\n<p> <a href=\"\/\/www.g005e.com\/2000\/06\/14\/small-business-begins-to-embrace-the-internet\/#more-111\" class=\"more-link\">read more &rarr;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>by rick telberg <\/p>\n<p>june 14, 2000 (<a href=\"http:\/\/www.smartpros.com\">smartpros<\/a>) ? it&#8217;s been said that the business of america is business. in fact, the business of america is small business. and it&#8217;s the nation&#8217;s local accountants who keep them humming. <\/p>\n<p>&#8220;we are seeing a shift toward b2b e-comm in small business of all sizes.&#8221; &#8212; idc analyst<\/p>\n<p>now there&#8217;s new research from the data hounds at idc in framingham, mass., which suggests that the nation&#8217;s small business owners are jumping into e-commerce as a critical part of their survival success formula.<\/p>\n<p>idc says the number of u.s. small businesses engaged in e-commerce will increase from 400,000 in 1998 to almost 2.8 million in 2003. small businesses embracing e-commerce may be well positioned to succeed, idc says. laggards could fail.<\/p>\n<p>most small businesses garner less than $5 million a year. but idc found that companies adopting the internet are raking in revenues &#8220;significantly higher&#8221; than those that rated it as less important.<\/p>\n<p>&#8220;the internet is a key component to success for small businesses,&#8221; said merle sandler, senior analyst for idc&#8217;s small business program. &#8220;consumers have been the focus of small business e-commerce activity, but we are seeing a shift toward business-to-business e-commerce in small businesses of all sizes.&#8221;<\/p>\n<p>other key findings<\/p>\n<p>of 7.5 million small businesses, 11 percent were engaged in e-commerce in 1999.<br \/>\none-third of internet-enabled small businesses have a home page.<br \/>\nsmall businesses profiting from the internet are more involved in business and other services, manufacturing, and real estate than their e-enabled counterparts.<br \/>\nsmall businesses that regard internet-related revenue as important tend to have been in business for a shorter period of time than other small businesses.<br \/>\n20 percent of small businesses are selling online, by taking orders over the internet or by phone or fax. <\/p>\n<p>among the smallest of the small, technology can provide the critical difference. ray boggs, vice- president of idc&#8217;s small office\/home office research, reports there are currently 25.5 million sohos in the u.s., equaling one in every four households. idc projects an increase of more than 6 percent annually, projecting 32.3 million sohos by 2003. idc surveys also find 25 percent of sohos want to conduct online selling and 21.5 percent of them have a web home page.<\/p>\n<p>boggs says that while the number of startups is increasing each year, the number of businesses folding is also increasing. &#8220;but,&#8221; he says, &#8220;broadband and new technology will help the soho community compete effectively.&#8221;<\/p>\n<p>clearly, this is an opportunity too big for smart accountants to pass up.<\/p>\n<p> <a href=\"\/\/www.g005e.com\/2000\/06\/14\/small-business-begins-to-embrace-the-internet\/#more-111\" class=\"more-link\">read more &rarr;<\/a><\/p>\n","protected":false},"author":17,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"129943,137220,133578,130736,129835,133468","_relevanssi_noindex_reason":"","footnotes":""},"categories":[3120,8],"tags":[],"class_list":["post-111","post","type-post","status-publish","format-standard","hentry","category-pro-member-exclusive","category-resources","membership-content","access-restricted"],"acf":[],"yoast_head":"<!-- this site is optimized with the yoast seo plugin v24.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ 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