Also in this playlist...
This transcript is automatically generated
Hi everybody thank you for joining us from Lawrence him in at eight.
Made small business Wednesday hump day we are talking about small businesses and -- also private job creation.
Here in the US today Hughes reports is actually terrible report from ADP showing that job creation is essentially stalling out a little bit a hundred -- 191000 private sector jobs created in April.
Much less than the expectation raising worries that perhaps Friday when we get the on -- government jobs number.
For the month of April that that too will be -- disappointment.
Just like march -- at a very special guest joining me right now Brian how -- CEO of stage works.
You look into all of this stuff Brian all the time in fact he just wrapped up.
Pretty significant conference here in New York talking about.
The stated the economy as private businesses are concerned and -- I guess -- -- would be that the economy is growing in terms of GDP we've had what.
Fifteen straight quarters with positive GDP but -- problem is is the job market unemployment is still.
For those 53 quarters above seventh.
-- right so the story doesn't change much -- month to month.
The economy is growing and most importantly privately held companies.
Are now growing at double digit rates in sales.
-- net margins are good net profits are good.
This -- been going on for awhile so -- they're not creating jobs.
It's been really the first time since 1948 that we've had this.
Extended amount of time without job creation it's really amazing actually.
I'm really interest stated that -- grow the private companies are growing their top line.
Because -- -- season we're in the peak of Q1 earnings season we hear from public companies -- one of the trends is that.
Companies are increasingly not growing revenue.
He will truly interesting race of 2000 I was in Iraq may really was it was a genuine recession and we saw that privately held company's revenues went down by about 4% which.
If they're sales -- -- -- 4% of their profits could talk of them by twenty or 25% -- really where they can cut enough costs through I mean that's what they do.
All but a year afterward I -- now.
They're growing up about 10% a year across 12100 industries in the -- healthy.
Yeah that's incredible and it's unbelievable right so in this -- been going on me -- -- would have -- 9% the year before -- 8%.
So the trend is really good and it's consistent across 12100 industries it's really amazing actually that there's been.
So much sales growth for privately held companies which includes small businesses by the way.
But not much job creation why he I was afraid you can't.
And it is -- -- -- -- -- -- -- the suddenly this little problem with Pia you know the Federal Reserve keeps pumping money into the system pumping pumping pumping too so you get unemployment down and it's not happening.
-- -- -- come from fact not to fiction but to opinion bomb.
Here's the deal -- no one really -- I definitely do not know.
-- -- remember since 1948 this much economic growth no job creation or very little job creation there -- job creation but not much straight right.
So remember to before -- question.
Usually the idea I want to try these fish recycle the nasty to Judy about four years we're in our fourth year of growth.
On average that's been true for a hundred years so -- worried are we bumping into another economic.
Recession -- two years away from now.
But here's the thing how worried -- On.
Was put it this -- two years ago I thought that unemployment rate would come down about 7% about.
A year ago so it's I'm concerned I mean I don't know when it's -- nobody knows that right but if your question really interest in.
You take out all the fundamental performance look at financial performance.
Because it's consistently good that balance sheet income statements are right now across privately -- -- it really is so that's on the fact side.
Why -- it they don't creating jobs.
There are two areas that I think.
Are likely culprits and I really do and unfortunately it's hard to quantify them -- first.
The political mess in Washington we've had the really major public policy debates.
That talk about drag race -- drag on for a year two years you remember the health care debate -- tell -- are sick and they're right I don't like.
I don't my costs are gonna began I -- to -- one of those are gonna beat.
Because -- my profits go go down I can't eat it that's the way they think that's -- small businesses the right secondly there's another.
One looming over there in need eighty.
At first I was very skeptical about that.
All on its -- parent of job creation because although.
Big companies outsource a lot and all the small clubs are creating the job so I was -- that concerned but here's what we're finding more more private companies.
Midsize to larger part of completes fifty employees a hundred employees to -- points.
So that might be a culprit and unfortunately no -- has stayed on.
That's -- revealing it yet it is an interesting thing.
And -- CNET certain sectors are doing better than others obviously in the housing market is certainly in recovery mode that is overseeing a lot of construction jobs created last month 151000 and that -- with your statistics as well right concession leading the way.
Sure so construction is the last of the party if they can -- you look at -- could be recession it would really wasn't real estate lead recession.
He created a mess for brokers to for construction company that all these -- businesses around a real estate.
In about two years ago we turned the corner construction company started to grow home.
They grew thirty net margins were a little bit low right -- right now they're growing 10%.
In their average net marked his -- four point 5% which is very healthy.
That's good but remember they were late to the party and they're probably a little bit gun shy about creating -- loss of jobs because they don't want increased -- And he editing as we keep cheering housing market recovery but we have to remember that.
It's still a very tornado -- year -- -- housing market via the fact that it got hit so hard it's it's.
Encouraging to see it return to at least grow here we shouldn't.
You know I want to bring up a pie chart because this shows a very disturbing trend.
Of of private businesses plan to maintain their number of release.
Meaning that exactly highlights -- job creation only 20% said that they plan to increase -- their number of employees and look at this chart and you see that big chunk more than half of the circle group.
He got to wonder meet one of the reasons that we were talking about this just couple seconds ago maybe one of the reasons is tech.
Has displaced so many workers don't you need as many bodies and you know there's a blurring of the work day between your private life.
And you work like -- -- Blackberry iPad home a -- and you can't do work in a 24 hours saying we don't working eight hour shifts and -- -- four.
Mean I -- I do a double job I didn't do.
What you don't there's no because I can do both jobs and good everybody is -- you know.
Texting were always get -- -- 2 o'clock in the morning when you can't sleep I get on the same way.
But here's the thing I'm a little skeptical and here's why about a hundred years ago during the height of the industrial revolution the whole.
Argument by the socialists and Communists was hey look.
Machines are gonna take over for people right right what's gonna happen is we're gonna have permanently higher unemployment because we're gonna get more efficient.
Here's what really happened we didn't get more efficient for companies -- want to make more money so.
Passed through growing they've got to get more people so you can only work 24 hours right I can we do that so at a certain point you've got to get more people.
That's what makes this pie chart in this graph really disturbing what we -- is 50% aren't doing anything.
When he might hire Torre might not -- we've got this nineteen settings -- Malays were kind of that's where we are.
And -- it's almost sad that they're still growing because they're not hiring due to me it's in mixed bag you.
And and it's disturbing and thank you for looking into it thank you for bringing -- all this information I thought that was wonderful segment even though it's a little bit of setting the Brian Hamilton the CEO of -- -- -- thank you so much for coming on street and now we're gonna let me -- -- before that our next guest dot quarter's 22.
You should go on the interview by yourself don't bring a phone dear mark on the company have some stats ready look at the interviewer in the eyes smile and sell yourself.
Okay random -- the job market thank you for chatting and the I don't -- even -- a time people you can basically chat me anything big many thanks big van -- pension while.
Businesses figured out how to do the same -- some cases more with less.
When there is no need for more jobs there is no reason to create more jobs that's how it works thanks for being on topic -- many.
Every other -- -- -- box business dot com we're talking about these bike sharing programs.
They seem like they're good idea but they're stalled in some cities like right here -- your city we have so it's going to be launching this night this stations are already out.
But that didn't think the business community in New York City in a little bit apprehensive when it comes to the actual location of the station.
And number restaurants that I spoke with are worried that they won't be able to get their deliveries and because the stations are located right where the -- but a lot.
And another business owners are worried just about eight days and New York City.
It's a very old city and with cobblestone streets when it's raining and -- wet.
There's going to be a lot of accidents a lot of these business owners are worried about what cities have have done bike sharing.
Has it been good for certain cities so one of the first cities taken -- by sharing with anger and it's been a major success there not limited different type of atmosphere absolutely -- Doris Day absolutely and one of the reasons that.
The deputy director of the program there is that it was the successes they had -- -- banking infrastructure.
They had the ability to support all of these banks and I think a lot of business centers in New York City are worried that we just don't have that infrastructure.
Here and if it.
So it's a concern them okay how much Chicago I know that it's had some roadblocks there as well Chicago that is just announced -- grand.
There seems to be optimism there on the part.
The politicians and it's the beaver and you know the man.
Said that he thinks this is going to be a boon for the economy that it's going have a positive impact that these neighborhoods that.
-- pedestrians wearing -- -- are now going to be accessible.
On but does this hurt the taxi cabs and the other.
Modes of transport that currently distant cities.
I wasn't going every bit taxicabs but one really interesting thing about New York City and it that the street vendors have been pushed I -- So New York obviously there's just not that it states that it's an island.
And to date some of the stations are located on the sidewalks and street vendors that pay taxes yet -- -- they're being pushed off and they're not happy about it.
Thank you so much for coming -- we look forward to your article on Fox Business one size may not fit all on US bank shares.
Get real Carol thank you so much -- -- a break we'll be back with Jane -- -- As well lag is straight ten company communities in segment -- -- back -- dent on the streets.
-- back everybody I'm -- Cincinnati well it's small business Wednesday so what about multiple small business is all under one umbrella there at the net.
It brings me to my next guest a lovely -- grew very joining me now on set you are what they call a serial print our.
A serial entrepreneur our guest is Sarah wants for how many days.
This is heavy start -- lives in various.
Categories at this next consumer products.
Other girls' leadership.
At my speaking -- and as an author so much for whole another venue of this had happened you just like wake up one day and say don't wanna do this kind of company.
I'm kind of yeah.
How I control my -- day ahead.
I do you know -- -- it to see it have a -- in a market stays up whether it's a service or whether it's product.
And so when I see that I really know how many fear at this stage of my career.
So I kinda try and figure out.
What is something that I can come -- way to solve that problem and that's really where successful companies thrive when your solving a problem.
Not something that's I done by your artistic -- or you're on your desire to show the world something but -- -- -- -- -- that he have certain zest and a lot of people.
They should look at it wanted to some and that they're passionate about but they're not actually killing a boy.
And so when you're actually figuring out what you wanna do you have to ask yourself is there actually need for the -- is their desire from a consumer.
And and is it going to be something that people wants on the -- vs what with the people need and when -- an economy.
Where people are struggling just to pay their bills and buy their necessities you -- -- give them something that they that they need first is necessary just and you have something coming out this summer.
You're calling in and power for purpose it's mobile platform a technology platform why don't we need that what is that can be like this so and Howard for progress is really -- a a platform -- editorial meets e-commerce it's all things -- -- so.
Girls six to sixty sex so a young girl can go there to try to figure out how to start her first -- -- And a teenage girl who's going through bullying.
At school can actually figure out how to become more power and tools and techniques that to make her.
Feel more power to get to her school day and and and actually do things with her -- that.
On make her get out of the drama that exists in that space to a woman who is a stay at home mom for the first time I want to start her own business from home.
A woman going through a divorce and needing to find herself so it there's a need for -- -- feel empowered and whenever stage of their life there is.
And as a motivational speaker I see these women.
Coming to meet all the time.
Asking how to get their lives back -- control that they're lost that that they feel like they're not contributing that they feel like thickness of the -- and and if somebody feels that way -- they're really -- and so.
My greatest desire -- -- this is to give people some superb bats and whether it's their starting a business weather just being happier in their marriage whether having a thriving high school experience whether it may be.
Incidents are happier and living a more profound life and he make money from something that -- -- -- the big huge -- -- -- in the conversation about empowerment for women.
So admit that funding and and that wave of revenue stream works with that as a partner with France want to be part of that conversation.
I'm creating conversation I'm -- conversation I'm bringing in a lot of experts into the conversation.
And the brands want -- be a part of that conversation so that's where the biggest revenue stream and salad and money here.
Early brands -- just kind of -- and -- map was back in 2006.
With the Butler bad what's that about.
So the -- -- was my first real invention that Myanmar and basically -- -- and new mom of twins.
Crazy if you're now nine hey I asked him how nice sun and size of the purchaser at them digging for my credit card -- you can find out we've all done.
I -- screaming crying babies on the floor next a man I'm thinking why am on our.
Do women accept a bucket for -- back and literally a bucket.
And I -- -- a bucket at my hand back out at a time and on search for my credit card and I realize that there how to be a better way six months later I was unloading my -- -- -- have a bird's eye view of the knives forks and experience.
Standing over and I thought tack exactly how I want everything my -- today tip that a special train out of the dish washer stuck in my handbag line I.
And that was my first semester and it became -- is -- -- -- in history.
Basically the line handguns.
-- -- -- -- Smart -- on his Indian -- and I knocked myself off at every price points as I was growing.
And now on the license is solely with a time so my partnered with a really big brands who stand for the message that I am.
Building which is about power when you make it seem so easy clearly it's not that eat meat what's your background where you -- just kind of pick up and do this stuff so.
Carefree you know successfully hey you know and it did your degree is really ignorant irrelevant as an entrepreneur -- power center dedication feature feature some of her best.
The biggest thing is the biggest obstacle for people us are fierce -- and and people think it's a fair value here and quite honestly it's the fear of sex -- People Pearson cost more than actually -- found an excellent way to put it -- -- -- gas because it's uncomfortable for that people know it feels like to be in -- state of want need and desire they're comfortable in the space of still needing money more money more -- can you ever want to be and that is why and I really do it but we you know we knew once you realize what success looks like yes -- -- eliminates and so it -- there is nothing to my great maker about a race and education psychology can on the house to everything to do my attacks and name my perseverance and my ability to think that -- -- people -- can't do it.
-- -- Thank you so much for coming nonsense frankly but your buck on the screen good job also on and off there you can add that to your -- as well and -- website.
As well thank you so much and now when you go straight to this lovely slightly tanned buffalo ain't gonna guess next CEO of -- doesn't -- You know this story between me and brandy -- this.
You contacted me on social media eye on day by day she's starting on a company.
May I -- on cinco -- mile where every -- can -- this beautiful tan.
With the global fund says hello yes -- noble self tanning service and I just liked the way you reached out community segments like this all the time had to use social -- used to have the right way it works so welcome to this out here -- -- enough and -- Is your business sure -- as a mobile summit can mean and -- basically what we do we go to -- home.
And believe we provide the ultimate offense has put out and they -- -- we out of are the first one of the first companies that offer all organic all natural products and so are product is 100% plant organic.
100% would be and that I gluten free parent and -- not halogen free as I think now very healthy.
On it's not good.
-- finally and it is a bit and actually good for pregnant moms can't busting -- as well.
So there's not a lot of products out there like that and that that's that's what makes us us it didn't meet today you've been filled in this spray -- market that the huge market and they're not cheap and I and I -- that -- Physically go to the person we kind of figured that then yeah we got the person -- -- we will be having a truck.
And just like that typical food trucks and out how you let go in the truck to get a tan yes you are going the talent and -- -- -- the -- -- that and think yeah.
New -- -- the truck Arnold I haven't you know like a party but I'll tell us.
But for -- we offer the VIP service so we go to see -- -- -- home.
Office you that we do a lot of events and -- like -- about a -- bachelorette parties.
And because that is healthy for moms we also -- -- a lot of birthday parties and -- actually I'm also starting to partner up with schools.
To offer educational programs on skin cancer awareness contained melanoma and me is not an element tool has got to worry about -- yeah actually I'm and the way that I got into this on business away is.
I was diagnosed with skin cancer.
Actually when I was I -- with my last child and 2012.
And -- during that process IAE.
Didn't really realize their list of campaign.
I used tanning beds for years when I was in high Sierra -- yeah exactly everyone does say they don't realize that the -- so.
How once I was -- I knew that I wanted to do something.
Raise awareness and so part of our proceeds go to helping find a cure for melanoma and skin cancer that.
And and yes so I I just want to basically like I said Rasul and you tell.
Help young children young kids know that risks.
Asking him there and some and -- in an offer another solution still on Friday.
Made that greatly that now late Monday sending -- -- they can't.
-- Hal how do we.
Both he and what is the cost -- before we start well I mean you couldn't Augusta some -- some always calling and -- you can visit our website which is www.
-- as mobile -- dot com you can we're looking at -- yeah and -- also through the social social media networks as and such as FaceBook.
-- and the Twitter and -- Graham.
And all those -- all those -- can be found on the web site as well.
So we're pretty books that I had -- -- -- already -- are pretty bad that.
The most in May but.
We saw -- spots available and -- the price point.
The price fight started 39 dollars that right out front grand opening and special we had 25 dollars hands OK yeah it starts at 39 dollars and we have different content.
Different solutions we offer some how -- millions to -- I -- the scan and offer anti gay gene and so those ones are little bit more expensive those once -- started around 59 dollars.
And -- -- any land where you performing services.
It's we covered north New Jersey essentially Jersey and -- showed New York City so Manhattan and -- outskirts of.
I ever have any other.
Mobile -- standing right there is flat out here we could Chuck Norris can came out of the -- an entire wild party and how can you grade you remind me.
If -- greeted this on natural healthy springs and I it's a great idea yeah and we wish you a lot of success -- -- -- coming and I had gone into that -- machine with your right now you.
I'm kidding we would damage to the equipment that we anyway what data dry also know.
Actually -- nice about a product also is it only takes under ten minutes and application.
And it's completely dry within four hours you can shower everything I -- yeah Israel and I got an old school ones weren't telling -- eighteen out of your real picky I don't worry about that -- -- that's.
You know pretty.
And hideous what -- yeah I don't actually have a lot of it's.
Then add an economic solutions like hoping that -- never made it.
He has so -- -- don't worry whether that's a big thank you so much brandy got -- much like tear it at some ages sun tanning is where we can find you on Twitter -- his mobile -- dot com -- -- good luck thinking and everybody for watching this small business.
Wednesday -- -- to see you back here.
Friday -- -- filling in for me tomorrow.
Filter by section