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| SMALL BUSINESS TRENDS brings you daily updates on trends that influence the global small business market. | ||
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Anita Campbell, Editor |
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| Past life: CEO, corporate executive, tech entrepreneur, retailer, general counsel, marketer, HR ... (more) | ||
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Small Business Trends Radio Tuesdays, 1:00 PM Eastern U.S. time on Voice America network Click to listen November 1st: Torsten Jacobi, CEO of Creative Weblogging, joins host Anita Campbell. Sponsored by Six Disciplines. Show details. |
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Tuesday, February 22, 2005 | |
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The Dire State of Israeli Small Business | |
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If you think your business is challenging, imagine what it must be like to be a small business in Israel. Small businesses represent over 97% of all firms in Israel. They constitute the only sector to have created new jobs in the last decade. Yet, look at the economic challenges that Israel faces: growing poverty, ongoing credit crunch, technology market crash, recession, high unemployment, the Intifada.... The impact of the Intifada has been particularly devastating on small businesses, especially tourism-related businesses. This chart outlining the drop in small business revenues in Jerusalem illustrates how hard they've been hit economically:
From the January 2005 report by the Milken Institute: "Building Israel's Small Business and Microenterprise Sector" (requires free registration). |
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