small businesses thesis statement

We use cookies to enhance our website for you. Proceed if you agree to this policy or learn more about it.

• Essay Database >
• Essays Samples >
• Essay Types >
• Thesis Statement Example

Business Thesis Statements Samples For Students

14 samples of this type

Do you feel the need to check out some previously written Thesis Statements on Business before you get down to writing an own piece? In this free directory of Business Thesis Statement examples, you are provided with a thrilling opportunity to examine meaningful topics, content structuring techniques, text flow, formatting styles, and other academically acclaimed writing practices. Implementing them while crafting your own Business Thesis Statement will surely allow you to finalize the piece faster.

Presenting the finest samples isn't the only way our free essays service can help students in their writing efforts – our authors can also compose from scratch a fully customized Thesis Statement on Business that would make a solid basis for your own academic work.

Corporate Citizenship: Alibaba Thesis Statement Template For Faster Writing

Good thesis statement about accounts receivable, significance of accounts receivable practice, media consumption on organic produce purchase decisions thesis statements examples.

Don't waste your time searching for a sample.

Get your thesis statement done by professional writers!

Just from $10/page

Wendell Berry’s- The Art Of A Common Place Thesis Statements Examples

Good example of thesis statement on easier access to contraceptives to teenagers, sample thesis statement on eating cloned animals.

(the student’s name) (the professor’s name) (the course title) (the date)

Introduction

Good example of thesis statement on the glass ceiling effect, chapter 3: application component of career development, good thesis statement about unpegging chinese yuan to the us dollar and opting, for basket currency regime, free the three major aspects of industrialization between 1865 and 1920 included: thesis statement sample, industrialization after the civil war, good thesis statement about three major aspects of industrialization between 1865 and 1920 that impacted the communities, economy, and politics of the united states., thesis and outline: industrialization after the civil war.

Thesis Statement An analysis of the period that followed the American Civil War reveals changes in the economic, political, and social spheres as the country shifted from an agrarian society to an industrial one.

Essay Outline

Registered nurses: free sample thesis statement to follow.

Thesis statement: The occupation of a Registered Nurse seems to take an enormous amount of responsibility. The duties of a Registered Nurse are many. Nurses also "assist physicians during treatments and examinations." The jobs of a Registered Nurse will be a challenge for me. The working conditions of a nurse range from one extreme to the next.

INTRODUCTION

Davis and his friends’ failure to visualize college thesis statements examples, thesis statement, a-level thesis statement on child sex trafficking in south asia for free use, sample thesis statement on first progress statement for master’s thesis:, should nuclear energy projects in france qualify for green bond financing.

Password recovery email has been sent to [email protected]

Use your new password to log in

You are not register!

By clicking Register, you agree to our Terms of Service and that you have read our Privacy Policy .

Now you can download documents directly to your device!

Check your email! An email with your password has already been sent to you! Now you can download documents directly to your device.

or Use the QR code to Save this Paper to Your Phone

The sample is NOT original!

Short on a deadline?

Don't waste time. Get help with 11% off using code - GETWOWED

No, thanks! I'm fine with missing my deadline

• Translators
• Graphic Designers

Please enter the email address you used for your account. Your sign in information will be sent to your email address after it has been verified.

25 Thesis Statement Examples That Will Make Writing a Breeze

Understanding what makes a good thesis statement is one of the major keys to writing a great research paper or argumentative essay. The thesis statement is where you make a claim that will guide you through your entire paper. If you find yourself struggling to make sense of your paper or your topic, then it's likely due to a weak thesis statement.

Let's take a minute to first understand what makes a solid thesis statement, and what key components you need to write one of your own.

A thesis statement always goes at the beginning of the paper. It will typically be in the first couple of paragraphs of the paper so that it can introduce the body paragraphs, which are the supporting evidence for your thesis statement.

Your thesis statement should clearly identify an argument. You need to have a statement that is not only easy to understand, but one that is debatable. What that means is that you can't just put any statement of fact and have it be your thesis. For example, everyone knows that puppies are cute . An ineffective thesis statement would be, "Puppies are adorable and everyone knows it." This isn't really something that's a debatable topic.

Something that would be more debatable would be, "A puppy's cuteness is derived from its floppy ears, small body, and playfulness." These are three things that can be debated on. Some people might think that the cutest thing about puppies is the fact that they follow you around or that they're really soft and fuzzy.

All cuteness aside, you want to make sure that your thesis statement is not only debatable, but that it also actually thoroughly answers the research question that was posed. You always want to make sure that your evidence is supporting a claim that you made (and not the other way around). This is why it's crucial to read and research about a topic first and come to a conclusion later. If you try to get your research to fit your thesis statement, then it may not work out as neatly as you think. As you learn more, you discover more (and the outcome may not be what you originally thought).

Additionally, your thesis statement shouldn't be too big or too grand. It'll be hard to cover everything in a thesis statement like, "The federal government should act now on climate change." The topic is just too large to actually say something new and meaningful. Instead, a more effective thesis statement might be, "Local governments can combat climate change by providing citizens with larger recycling bins and offering local classes about composting and conservation." This is easier to work with because it's a smaller idea, but you can also discuss the overall topic that you might be interested in, which is climate change.

So, now that we know what makes a good, solid thesis statement, you can start to write your own. If you find that you're getting stuck or you are the type of person who needs to look at examples before you start something, then check out our list of thesis statement examples below.

Thesis statement examples

A quick note that these thesis statements have not been fully researched. These are merely examples to show you what a thesis statement might look like and how you can implement your own ideas into one that you think of independently. As such, you should not use these thesis statements for your own research paper purposes. They are meant to be used as examples only.

• Vaccinations Because many children are unable to vaccinate due to illness, we must require that all healthy and able children be vaccinated in order to have herd immunity.
• Educational Resources for Low-Income Students Schools should provide educational resources for low-income students during the summers so that they don't forget what they've learned throughout the school year.
• School Uniforms School uniforms may be an upfront cost for families, but they eradicate the visual differences in income between students and provide a more egalitarian atmosphere at school.
• Populism The rise in populism on the 2016 political stage was in reaction to increasing globalization, the decline of manufacturing jobs, and the Syrian refugee crisis.
• Public Libraries Libraries are essential resources for communities and should be funded more heavily by local municipalities.
• Cyber Bullying With more and more teens using smartphones and social media, cyber bullying is on the rise. Cyber bullying puts a lot of stress on many teens, and can cause depression, anxiety, and even suicidal thoughts. Parents should limit the usage of smart phones, monitor their children's online activity, and report any cyber bullying to school officials in order to combat this problem.
• Medical Marijuana for Veterans Studies have shown that the use of medicinal marijuana has been helpful to veterans who suffer from Post-Traumatic Stress Disorder (PTSD). Medicinal marijuana prescriptions should be legal in all states and provided to these veterans. Additional medical or therapy services should also be researched and implemented in order to help them re-integrate back into civilian life.
• Work-Life Balance Corporations should provide more work from home opportunities and six-hour workdays so that office workers have a better work-life balance and are more likely to be productive when they are in the office.
• Teaching Youths about Consensual Sex Although sex education that includes a discussion of consensual sex would likely lead to less sexual assault, parents need to teach their children the meaning of consent from a young age with age appropriate lessons.
• Whether or Not to Attend University A degree from a university provides invaluable lessons on life and a future career, but not every high school student should be encouraged to attend a university directly after graduation. Some students may benefit from a trade school or a "gap year" where they can think more intensely about what it is they want to do for a career and how they can accomplish this.
• Studying Abroad Studying abroad is one of the most culturally valuable experiences you can have in college. It is the only way to get completely immersed in another language and learn how other cultures and countries are different from your own.
• Women's Body Image Magazines have done a lot in the last five years to include a more diverse group of models, but there is still a long way to go to promote a healthy woman's body image collectively as a culture.
• Cigarette Tax Heavily taxing and increasing the price of cigarettes is essentially a tax on the poorest Americans, and it doesn't deter them from purchasing. Instead, the state and federal governments should target those economically disenfranchised with early education about the dangers of smoking.
• Veganism A vegan diet, while a healthy and ethical way to consume food, indicates a position of privilege. It also limits you to other cultural food experiences if you travel around the world.
• University Athletes Should be Compensated University athletes should be compensated for their service to the university, as it is difficult for these students to procure and hold a job with busy academic and athletic schedules. Many student athletes on scholarship also come from low-income neighborhoods and it is a struggle to make ends meet when they are participating in athletics.
• Women in the Workforce Sheryl Sandberg makes a lot of interesting points in her best-selling book, Lean In , but she only addressed the very privileged working woman and failed to speak to those in lower-skilled, lower-wage jobs.
• Assisted Suicide Assisted suicide should be legal and doctors should have the ability to make sure their patients have the end-of-life care that they want to receive.
• Celebrity and Political Activism Although Taylor Swift's lyrics are indicative of a feminist perspective, she should be more politically active and vocal to use her position of power for the betterment of society.
• The Civil War The insistence from many Southerners that the South seceded from the Union for states' rights versus the fact that they seceded for the purposes of continuing slavery is a harmful myth that still affects race relations today.
• Blue Collar Workers Coal miners and other blue-collar workers whose jobs are slowly disappearing from the workforce should be re-trained in jobs in the technology sector or in renewable energy. A program to re-train these workers would not only improve local economies where jobs have been displaced, but would also lead to lower unemployment nationally.
• Diversity in the Workforce Having a diverse group of people in an office setting leads to richer ideas, more cooperation, and more empathy between people with different skin colors or backgrounds.
• Re-Imagining the Nuclear Family The nuclear family was traditionally defined as one mother, one father, and 2.5 children. This outdated depiction of family life doesn't quite fit with modern society. The definition of normal family life shouldn't be limited to two-parent households.
• Digital Literacy Skills With more information readily available than ever before, it's crucial that students are prepared to examine the material they're reading and determine whether or not it's a good source or if it has misleading information. Teaching students digital literacy and helping them to understand the difference between opinion or propaganda from legitimate, real information is integral.
• Beauty Pageants Beauty pageants are presented with the angle that they empower women. However, putting women in a swimsuit on a stage while simultaneously judging them on how well they answer an impossible question in a short period of time is cruel and purely for the amusement of men. Therefore, we should stop televising beauty pageants.
• Supporting More Women to Run for a Political Position In order to get more women into political positions, more women must run for office. There must be a grassroots effort to educate women on how to run for office, who among them should run, and support for a future candidate for getting started on a political career.

Still stuck? Need some help with your thesis statement?

If you are still uncertain about how to write a thesis statement or what a good thesis statement is, be sure to consult with your teacher or professor to make sure you're on the right track. It's always a good idea to check in and make sure that your thesis statement is making a solid argument and that it can be supported by your research.

After you're done writing, it's important to have someone take a second look at your paper so that you can ensure there are no mistakes or errors. It's difficult to spot your own mistakes, which is why it's always recommended to have someone help you with the revision process, whether that's a teacher, the writing center at school, or a professional editor such as one from ServiceScape .

Related Posts

4 Steps to Writing a Great Topic Sentence

How to Start an Academic Blog

• Academic Writing Advice
• All Blog Posts
• Writing Advice
• Admissions Writing Advice
• Book Writing Advice
• Short Story Advice
• Employment Writing Advice
• Business Writing Advice
• Web Content Advice
• Article Writing Advice
• Magazine Writing Advice
• Grammar Advice
• Dialect Advice
• Editing Advice
• Freelance Advice
• Legal Writing Advice
• Poetry Advice
• Graphic Design Advice
• Logo Design Advice
• Translation Advice
• Blog Reviews
• Short Story Award Winners
• Scholarship Winners

Need an academic editor before submitting your work?

Home — Essay Samples — Business — Small Business

Essays on Small Business

Starting a small business essay topics and outline examples, essay title 1: the entrepreneur's journey: navigating the path to starting a small business.

Thesis Statement: Starting a small business is a multifaceted process that involves careful planning, market research, financial management, and adaptability, and this essay explores the essential steps and considerations for aspiring entrepreneurs.

• Introduction
• Identifying the Business Idea and Market Research
• Business Plan Development and Funding Options
• Legal and Regulatory Requirements
• Marketing and Customer Acquisition Strategies
• Financial Management and Sustainability

Essay Title 2: Overcoming Challenges: Lessons from Successful Small Business Owners

Thesis Statement: Small business success stories provide valuable insights into the challenges faced by entrepreneurs and the strategies they employ to overcome obstacles, demonstrating the resilience and determination required for entrepreneurial ventures.

• Common Challenges Encountered by Small Business Owners
• Case Studies of Successful Small Businesses
• Adaptation, Innovation, and Problem-Solving Strategies
• Building a Supportive Network and Learning from Failures

Essay Title 3: The Role of Small Businesses in Local Economies and Communities

Thesis Statement: Small businesses play a vital role in driving economic growth, creating job opportunities, and fostering community development, and this essay explores the broader impact of small businesses on local economies.

• The Economic Contributions of Small Businesses
• Small Business Growth and Employment Generation
• Community Engagement and Support
• Challenges and Opportunities for Small Business Sustainability

College Admissions Essay Starting a Small Business

Umuc haircuts case summary, made-to-order essay as fast as you need it.

Each essay is customized to cater to your unique preferences

+ experts online

Future of Small Business

How small businesses have impacted maine's economy, the use of social media for small businesses, impact of multinational corporations on small businesses, let us write you an essay from scratch.

• 450+ experts on 30 subjects ready to help
• Custom essay delivered in as few as 3 hours

Your Role as an Entrepreneur Or Small-business Owner

Small and medium-sized enterprises(smes) and it's reasons for the failure, small and medium size enterprises, psychological impact of gst on small business in india, get a personalized essay in under 3 hours.

Expert-written essays crafted with your exact needs in mind

The U.s. Economic Downfall in The Early 2000’s and Different Types of Economies

Ice house entrepreneurship program: invaluable lessons we can take, the field of small and medium enterprises, solution for office space needs, 3 reasons why office stationery still matters, success of startup companies in india, a small firm is likely to be less efficient than a large firm, why the obamacare is not an entirely beneficial reform, the small business and entrepreneurship council as the interest group, small and medium enterprise development, research on discourse community of a small start-up business, sources of funding for msmes, a research on financial inclusion among smes, relevant topics.

• Starting a Business
• Corporate Social Responsibility
• Madam Cj Walker
• Time Management

By clicking “Check Writers’ Offers”, you agree to our terms of service and privacy policy . We’ll occasionally send you promo and account related email

No need to pay just yet!

We use cookies to personalyze your web-site experience. By continuing we’ll assume you board with our cookie policy .

• Instructions Followed To The Letter
• Deadlines Met At Every Stage
• Unique And Plagiarism Free

• < Previous

Home > USC Columbia > HONORS_COLLEGE > SENIOR_THESES > 435

Senior Theses

The role of small businesses in american culture and economics.

Molly Meinhart , University of South Carolina - Columbia Follow

Date of Award

Spring 2021

Degree Type

Moore School of Business

Director of Thesis

Dr. David Hudgens

First Reader

Dr. Nancy Buchan

Second Reader

This paper seeks to address and prove the role small businesses play in the makeup of the American economy and culture. Through an analysis of key economic measures such as GDP, employment, and international trade it is made clear that small businesses contribute substantially to both the domestic and global economies. An exploration into the history of small businesses in America as well as the current small business landscape is conducted to solidify the idea that small business is built into the culture of the United States. Interviews were conducted with current small business owners in differing industries and personal experience is drawn upon to develop insight into why small businesses are so crucial to America as well as what needs to be done to ensure their success in the future.

Recommended Citation

Meinhart, Molly, "The Role of Small Businesses in American Culture and Economics" (2021). Senior Theses . 435. https://scholarcommons.sc.edu/senior_theses/435

© 2021, Molly Meinhart

Since May 03, 2021

Included in

Entrepreneurial and Small Business Operations Commons

Advanced Search

• Notify me via email or RSS
• Collections
• Disciplines

Submissions

• Submit Research
• Give us Feedback
• University Libraries

Home | About | FAQ | My Account | Accessibility Statement

Privacy Copyright

Have a language expert improve your writing

Run a free plagiarism check in 10 minutes, generate accurate citations for free.

• Knowledge Base
• How to Write a Thesis Statement | 4 Steps & Examples

How to Write a Thesis Statement | 4 Steps & Examples

Published on January 11, 2019 by Shona McCombes . Revised on August 15, 2023 by Eoghan Ryan.

A thesis statement is a sentence that sums up the central point of your paper or essay . It usually comes near the end of your introduction .

Your thesis will look a bit different depending on the type of essay you’re writing. But the thesis statement should always clearly state the main idea you want to get across. Everything else in your essay should relate back to this idea.

You can write your thesis statement by following four simple steps:

• Start with a question
• Write your initial answer
• Develop your answer
• Refine your thesis statement

Instantly correct all language mistakes in your text

Upload your document to correct all your mistakes in minutes

Table of contents

What is a thesis statement, placement of the thesis statement, step 1: start with a question, step 2: write your initial answer, step 3: develop your answer, step 4: refine your thesis statement, types of thesis statements, other interesting articles, frequently asked questions about thesis statements.

A thesis statement summarizes the central points of your essay. It is a signpost telling the reader what the essay will argue and why.

The best thesis statements are:

• Concise: A good thesis statement is short and sweet—don’t use more words than necessary. State your point clearly and directly in one or two sentences.
• Contentious: Your thesis shouldn’t be a simple statement of fact that everyone already knows. A good thesis statement is a claim that requires further evidence or analysis to back it up.
• Coherent: Everything mentioned in your thesis statement must be supported and explained in the rest of your paper.

Receive feedback on language, structure, and formatting

Professional editors proofread and edit your paper by focusing on:

• Academic style
• Vague sentences
• Style consistency

See an example

The thesis statement generally appears at the end of your essay introduction or research paper introduction .

The spread of the internet has had a world-changing effect, not least on the world of education. The use of the internet in academic contexts and among young people more generally is hotly debated. For many who did not grow up with this technology, its effects seem alarming and potentially harmful. This concern, while understandable, is misguided. The negatives of internet use are outweighed by its many benefits for education: the internet facilitates easier access to information, exposure to different perspectives, and a flexible learning environment for both students and teachers.

You should come up with an initial thesis, sometimes called a working thesis , early in the writing process . As soon as you’ve decided on your essay topic , you need to work out what you want to say about it—a clear thesis will give your essay direction and structure.

You might already have a question in your assignment, but if not, try to come up with your own. What would you like to find out or decide about your topic?

For example, you might ask:

After some initial research, you can formulate a tentative answer to this question. At this stage it can be simple, and it should guide the research process and writing process .

Here's why students love Scribbr's proofreading services

Discover proofreading & editing

Now you need to consider why this is your answer and how you will convince your reader to agree with you. As you read more about your topic and begin writing, your answer should get more detailed.

In your essay about the internet and education, the thesis states your position and sketches out the key arguments you’ll use to support it.

The negatives of internet use are outweighed by its many benefits for education because it facilitates easier access to information.

In your essay about braille, the thesis statement summarizes the key historical development that you’ll explain.

The invention of braille in the 19th century transformed the lives of blind people, allowing them to participate more actively in public life.

A strong thesis statement should tell the reader:

• Why you hold this position
• What they’ll learn from your essay
• The key points of your argument or narrative

The final thesis statement doesn’t just state your position, but summarizes your overall argument or the entire topic you’re going to explain. To strengthen a weak thesis statement, it can help to consider the broader context of your topic.

These examples are more specific and show that you’ll explore your topic in depth.

Your thesis statement should match the goals of your essay, which vary depending on the type of essay you’re writing:

• In an argumentative essay , your thesis statement should take a strong position. Your aim in the essay is to convince your reader of this thesis based on evidence and logical reasoning.
• In an expository essay , you’ll aim to explain the facts of a topic or process. Your thesis statement doesn’t have to include a strong opinion in this case, but it should clearly state the central point you want to make, and mention the key elements you’ll explain.

If you want to know more about AI tools , college essays , or fallacies make sure to check out some of our other articles with explanations and examples or go directly to our tools!

• Ad hominem fallacy
• Post hoc fallacy
• Appeal to authority fallacy
• False cause fallacy
• Sunk cost fallacy

College essays

• Choosing Essay Topic
• Write a College Essay
• Write a Diversity Essay
• College Essay Format & Structure
• Comparing and Contrasting in an Essay

 (AI) Tools

• Grammar Checker
• Paraphrasing Tool
• Text Summarizer
• AI Detector
• Plagiarism Checker
• Citation Generator

A thesis statement is a sentence that sums up the central point of your paper or essay . Everything else you write should relate to this key idea.

The thesis statement is essential in any academic essay or research paper for two main reasons:

• It gives your writing direction and focus.
• It gives the reader a concise summary of your main point.

Without a clear thesis statement, an essay can end up rambling and unfocused, leaving your reader unsure of exactly what you want to say.

Follow these four steps to come up with a thesis statement :

• Ask a question about your topic .
• Write your initial answer.
• Develop your answer by including reasons.
• Refine your answer, adding more detail and nuance.

The thesis statement should be placed at the end of your essay introduction .

Cite this Scribbr article

If you want to cite this source, you can copy and paste the citation or click the “Cite this Scribbr article” button to automatically add the citation to our free Citation Generator.

McCombes, S. (2023, August 15). How to Write a Thesis Statement | 4 Steps & Examples. Scribbr. Retrieved April 16, 2024, from https://www.scribbr.com/academic-essay/thesis-statement/

Is this article helpful?

Shona McCombes

Other students also liked, how to write an essay introduction | 4 steps & examples, how to write topic sentences | 4 steps, examples & purpose, academic paragraph structure | step-by-step guide & examples, what is your plagiarism score.

• Free Samples
• Premium Essays
• Editing Services Editing Proofreading Rewriting
• Extra Tools Essay Topic Generator Thesis Generator Citation Generator GPA Calculator Study Guides Donate Paper
• Essay Writing Help
• About Us About Us Testimonials FAQ
• Business Thesis Statement
• Samples List

An thesis examples on business statement is a prosaic composition of a small volume and free composition, expressing individual impressions and thoughts on a specific occasion or issue and obviously not claiming a definitive or exhaustive interpretation of the subject.

Some signs of business statement thesis:

• the presence of a specific topic or question. A work devoted to the analysis of a wide range of problems in biology, by definition, cannot be performed in the genre of business statement thesis topic.
• The thesis expresses individual impressions and thoughts on a specific occasion or issue, in this case, on business statement and does not knowingly pretend to a definitive or exhaustive interpretation of the subject.
• As a rule, an essay suggests a new, subjectively colored word about something, such a work may have a philosophical, historical, biographical, journalistic, literary, critical, popular scientific or purely fiction character.
• in the content of an thesis samples on business statement, first of all, the author’s personality is assessed - his worldview, thoughts and feelings.

The goal of an thesis in business statement is to develop such skills as independent creative thinking and writing out your own thoughts.

Writing an thesis is extremely useful, because it allows the author to learn to clearly and correctly formulate thoughts, structure information, use basic concepts, highlight causal relationships, illustrate experience with relevant examples, and substantiate his conclusions.

• Studentshare

Examples List on Business Thesis Statement

• TERMS & CONDITIONS
• PRIVACY POLICY
• COOKIES POLICY

Small business sentiment is the lowest in over a decade as inflation proves sticky

• Confidence among US small business owners is at an 11-year low, according to NFIB.
• High inflation, coupled with hiring woes and tight financial conditions, have dealt a blow to business. 
• Economist Mohamed El-Erian said this week that the plight of companies points to a downturn. 

US small business owners' confidence slumped to its lowest level in 11 years in March amid escalating inflationary pressures and sluggish sales expectations, according to the National Federation of Independent Business.

The small business optimism index dropped to 88.5, hitting its lowest since December 2012, per NFIB's latest report . It's been below the 50-year average of 98 for 27 straight months. 

NFIB Chief Economist Bill Dunkelberg said in a statement that "owners continue to manage numerous economic headwinds," adding that inflation is again the top concern for business owners, while tight labor market conditions also remain a challenge. 

Related stories

Delving deeper, 25% of owners pointed to inflation as their top hurdle, an increase of two percentage points from February's reading. Moreover, the share of owners that said they're hiking average prices jumped to 28%.

As the Federal Reserve maintains high interest rates to combat inflation and Wall Street adjusts expectations for a June rate cut , 8% of small business owners are feeling the pinch, saying that they're finding it harder to secure loans for their business.

Despite the latest drop in the unemployment rate to 3.8% , 37% of owners reported unfilled job openings, matching February's level—the lowest since January 2021. Transportation, construction, and services sectors are grappling with major staffing challenges, the report indicates. 

Wall Street guru Mohamed El-Erian has echoed small business owners' concerns, seeing the drop in confidence as a sign of a looming slowdown of the US economy.

"The big mistake that was made in 2021 when people embraced the transitory narrative was they didn't listen to the companies, and the companies were clearly saying, we have inflationary pressures in the pipeline, we have pricing power, we're going to pass on that imported inflation that was coming in," he said during an interview with Bloomberg TV on Tuesday. 

Watch: Antonia Wade, PwC's global CMO, tells Insider how B2B spending changes in tough economic times

• Main content

• Entertainment
• Newsletters

Business boom: Record numbers of people are starting up new small businesses

Mae Anderson

Associated Press

Copyright 2019 The Associated Press. All rights reserved

FILE - This May 18, 2021, photo shows a woman typing on a laptop on a train in New Jersey. Record numbers of people are starting new businesses, and more and more of them are women and minorities, according to a new study. (AP Photo/Jenny Kane, File)

NEW YORK – Record numbers of people are starting new businesses, and more and more of them are women and minorities, according to a new study.

New business applications jumped in 2020 as the pandemic started, and have continued to be filed at a record pace. More than 5 million applications were filed in 2021 and 2022 and a record 5.5 million new business applications were filed in 2023.

Recommended Videos

Payroll firm Gusto surveyed 1,300 owners who started their small business last year to discover their characteristics.

Women made up 49% of the new business owners surveyed. That's in line with the past several years, but up starkly from 2019, when just 29% of new business owners were women.

Still, women do not receive as much interest from investors as men. In 2023, just 3% of women entrepreneurs received a private capital investment to start their business, compared to 9% of male entrepreneurs.

Black entrepreneurs made up 6% of new business owners in 2023, double the 3% rate seen before the pandemic. Hispanic entrepreneurs made up 13% of new owners, compared to 8% last year.

Meanwhile, more businesses are being started as “side hustles,” or businesses that supplement day jobs. Forty-four percent of entrepreneurs who started a new business in 2023 did so while working another job, either part time or full time, up from 27% in 2022.

Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

• Sustainability
• Small Business
• Mastercard commits to lowering U.S. interchange for small businesses and broader merchant community

Class settlement ensures no increases for five years, maintains consumer protections and value; encourages strong, ongoing competition and innovation

Mastercard (NYSE: MA) has reached an agreement to reduce its U.S. credit card interchange rates for at least a five-year period as part of a legal settlement with merchants.

The settlement, which also features a set of adjustments to Mastercard’s network rules, allows small businesses and all merchants to continue to benefit from accepting electronic payments while delivering consumers a simple and secure way to pay.

The agreement – agreed to by Mastercard, Visa and the court-appointed class counsel – provides all merchants with clarity and certainty on several areas related to their acceptance of payment cards, including:

• Interchange rate reduction – Payment networks, including Mastercard, will reduce the published and effective interchange rate on S.-issued consumer credit and commercial credit transactions at U.S. merchant locations.
• Five-year rate cap – The interchange reduction will effectively serve as a cap for a period of five years and will apply to all U.S.-issued credit programs, including new products required to be accepted under the Mastercard brand. The effort delivers merchants the certainty and visibility of their acceptance programs while supporting continued competition within the industry.
• Simplified surcharging and discounting rules – As part of the settlement agreement, the networks will activate a simplified approach to credit card transaction surcharging, providing merchants more optionality. These rules will maintain core consumer protections and transparency, replacing standards that had been updated in 2012.

“This agreement brings closure to a long-standing dispute by delivering substantial certainty and value to business owners, including flexibility in how they manage acceptance of card programs,” said Rob Beard, Chief Legal Officer, General Counsel and Head of Global Policy at Mastercard. “As the court reviews the settlement, we will focus our energy on continuing to provide consumers, small businesses and all business owners what they expect from Mastercard – a better payments experience, strong value and peace of mind.”

The settlement is subject to final approval by the Eastern District Court of New York. Upon final approval of the class settlement by the court, Mastercard will have resolved the vast majority of all pending U.S. merchant litigations that are directed at seeking changes to the company’s interchange structure and merchant acceptance rules. 

In agreeing to the settlement, Mastercard does not admit to any improper conduct with respect to the plaintiffs’ allegations. All rules practice changes will occur after approval of the settlement, most likely in late 2024 or early 2025.

This agreement follows a prior settlement with a damages class. That litigation and the impact to Mastercard are described in more detail in the company's Annual Report on Form 10-K for the year-ended December 31, 2023.

Forward-Looking Statements

This press release contains forward-looking statements pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts may be forward-looking statements. When used in this press release, the words “believe,” “expect,” “could,” “may,” “would,” “will,” “trend” and similar words are intended to identify forward-looking statements. Examples of forward-looking statements include, but are not limited to, statements that relate to Mastercard’s future prospects, developments and business strategies, as well as the impact of the settlement agreement on Mastercard’s business. We caution you to not place undue reliance on these forward-looking statements, as they speak only as of the date they are made. Except for the company’s ongoing obligations under the U.S. federal securities laws, the company does not intend to update or otherwise revise the forward-looking information to reflect actual results of operations, changes in financial condition, changes in estimates, expectations or assumptions, changes in general economic or industry conditions or other circumstances arising and/or existing since the preparation of this press release or to reflect the occurrence of any unanticipated events.

Many factors and uncertainties relating to our operations and our business environment, all of which are difficult to predict and many of which are outside of our control, influence whether any forward-looking statements can or will be achieved.  Any one of these factors could cause our actual results or the impact of the settlement agreement to differ materially from those expressed or implied in writing in any forward-looking statements made by Mastercard or on its behalf. Such factors related to the settlement agreement include, but are not limited to, whether court approval of the settlement agreement will be obtained.

For additional information on other factors related to Mastercard’s overall business that could cause Mastercard’s actual results to differ materially from expected results, please see the company’s filings with the Securities and Exchange Commission, including the company’s Annual Report on Form 10-K for the year ended December 31, 2023, and any subsequent reports on Forms 10-Q and 8-K.

Media Contacts

About Mastercard (NYSE: MA)

Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.

www.mastercard.com

• Investor Relations

Mastercard Sites

• Mastercard.com
• Mastercard Brand Center
• Mastercard Data & Services
• Priceless.com

Iran says it gave warning before attacking Israel. US says that's not true

• Medium Text

• Iran said it gave 72 hours' notice of attack
• U.S. denies receiving extensive warning
• Israel and allies downed most drones and missiles

Coming soon: Get the latest news and expert analysis about the state of the global economy with Reuters Econ World. Sign up here.

Reporting by Jeff Mason and Rami Ayyub in Washington, Tuvan Gumrukcu in Ankara, Ahmed Rasheed in Baghdad and Parisa Hafezi and Samia Nakhoul in Dubai; Writing by Angus McDowall; Editing by Susan Fenton and Lisa Shumaker

Our Standards: The Thomson Reuters Trust Principles. New Tab , opens new tab

Thomson Reuters

Jeff Mason is a White House Correspondent for Reuters. He has covered the presidencies of Barack Obama, Donald Trump and Joe Biden and the presidential campaigns of Biden, Trump, Obama, Hillary Clinton and John McCain. He served as president of the White House Correspondents’ Association in 2016-2017, leading the press corps in advocating for press freedom in the early days of the Trump administration. His and the WHCA's work was recognized with Deutsche Welle's "Freedom of Speech Award." Jeff has asked pointed questions of domestic and foreign leaders, including Russian President Vladimir Putin and North Korea's Kim Jong Un. He is a winner of the WHCA's “Excellence in Presidential News Coverage Under Deadline Pressure" award and co-winner of the Association for Business Journalists' "Breaking News" award. Jeff began his career in Frankfurt, Germany as a business reporter before being posted to Brussels, Belgium, where he covered the European Union. Jeff appears regularly on television and radio and teaches political journalism at Georgetown University. He is a graduate of Northwestern University's Medill School of Journalism and a former Fulbright scholar.

World Chevron

Solomon Islands election count underway, China critic Suidani regains seat

A prominent Solomon Islands critic of China, the ousted former governor of Malaita province Daniel Suidani, has been reelected, local media reported on Friday, as counting continues in an election being closely watched by China, the U.S. and Australia.

The world's poorest countries are facing debt distress and fiscal crises as foreign investment wanes and the gap with richer economies widens, risking political destabilization and unrest, the United Nations Development Program chief said on Thursday.

• Why It Matters
• Policy Priorities
• In Your State
• News & Resources
• Take Action
• Meet the Team
• Federal Child C.A.R.E Coalition
• Child Care & Development Block Grant
• Preschool Development Grants Birth Through Five
• Head Start & Early Head Start
• Early Head Start - Child Care Partnerships
• Temporary Assistance for Needy Families
• Every Student Succeeds Act
• Maternal, Infant, & Early Childhood Home Visiting Program
• Individuals with Disabilities Education Act
• Apprenticeships
• Child and Adult Care Food Program
• Tax Policy and Child Care
• Child and Dependent Care Tax Credit
• Employer-Provided Child Care Credit - Section 45F
• Child Tax Credit
• Dependent Care Assistance Program
• Appropriations
• Legislative Updates

New Poll: Small Business Owners Need Federal Action on Child Care 

(Washington, DC) – A new report from Small Business Majority – a national small business organization with a network of 85,000 small businesses – has found that more than two-thirds of small business owners polled support legislative action to make child care more affordable and accessible for working parents and employers.   

FFYF Executive Sarah Rittling, who recently participated in a White House roundtable with Small Business Association and other leaders in the child care and small business communities released the following statement: 

“As this new report shows, child care challenges are business challenges. When child care is too hard to find or too expensive to afford, it has an impact on young children, their families, and employers. We need a variety of approaches as we look for ways to ensure all parents can find and afford the child care they need, and we look forward to working with lawmakers on both sides of the aisle and every facet of the Administration to expand policies and fund programs that get families care.” 

Key Findings From the Report: 

Child Care Challenges

• Small business employees frequently experience schedule disruptions : Nearly three-quarters of entrepreneurs say that their employees adjust their work schedules due to child care issues at least a few times a month.
• When employees experience child care issues, small businesses struggle: Small businesses report that they’ve experienced lower productivity (51%), been unable to operate longer hours (44%), lost revenue or earnings (31%), and had to hire temporary workers (28%) when their employees are facing child care issues.
• Small business owners say that they’ve experienced unplanned employee work absences (62%),
• Had an employee quit or a job candidate turn down an offer (30%), 
• And had an employee turn down a promotion (27%) due to child care issues.
• More than 6 in 10 (61%) agree that their employees’ childcare issues have negatively affected their ability to do their job as efficiently as both the employer and employee would like.

Policy Solutions

More than two-thirds (68%) of small business owners believe that policymakers need to take action to address the cost of child care. They support a number of policy solutions to expand access and address costs, among others:

• 71% support doubling the amount of money that can be saved by a family in a tax-exempt Dependent Care Flexible Spending Account to cover child care expenses, up to $10,000 annually. 
• 70% support expanding eligibility to more families for the national Head Start program.
• 73% support expanding a tax credit aimed at helping businesses provide child care to their workers by increasing the credit’s rate and caps, allowing businesses to jointly create and operate a child care facility for their employees, and adding in-home services as an eligible use.

FFYF’s own polling of small business owners found that 88% of business owners agree that employees who have young children will be more likely to remain in the workforce if they have access to affordable, high-quality child care and 78% said their business would be on stronger footing if their employees had better access to affordable, quality child care.

Subscribe to FFYF First Look

Every morning, FFYF reports on the latest child care & early learning news from across the country. Subscribe and take 5 minutes to know what's happening in early childhood education.

FFYF Statement on White House’s “Making Care Work” 

On Wednesday, April 17, the White House brought together governors, advocates, and business leaders to underscore the important role child care plays not only in supporting working families but in …

FFYF Statement on POTUS Care Economy Event

Today, President Biden joined care workers to discuss his administration’s focus on expanding access to affordable, high-quality child care and other care priorities. FFYF’s Executive Director Sarah Rittling released the …

FFYF Joins White House, SBA for Child Care Roundtable

This week, the White House and Small Business Administration (SBA) announced new actions to support small businesses that offer child care for working families. FFYF Executive Director Sarah Rittling joined …

Stay Updated

Receive monthly updates on the latest news, policy, and actions to advance federal investment in children and their families.

50 F St NW Suite 740 Washington, DC 20001

• Privacy Policy
• Terms of Use

By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.