Steve Abrams bought Manhattan's Magnolia Bakery in 2007. Now he's got big expansion plans, with stores in New York, L.A., Dubai & beyond. Advertisement: Start winning new customers today
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WHAT'S HOT, WHAT'S NOT Sales increase for fitness and sports centers, the small-business sector with the strongest growth from 2009 to 2010: +13.62% Sales decrease for car washes, the small-business sector with the weakest growth from 2009 to 2010: -12.18% Sageworks TRENDS Among people who text, the average number of text messages sent per month: Men: 555 Women: 716 The Nielsen Company State of the Media 2010 THE WORKPLACE Area, in square feet, of workspace lost by the average office worker from 1994 to 2010: 15 International Facility Management Association HIRING The portion of small businesses hiring in 2010 that said they added fewer workers than they needed: 42% Reasons for hiring: Replace an employee who left: 41% Support growth or expansion plans: 21% Some other reason: 18% Don't know: 1% Revenue or sales has increased: 13% Economy is getting better: 5% Tax credit for hiring unemployed workers: 1% Wells Fargo/Gallup TAXES Lowest and highest overall tax burdens for entrepreneurs: South Dakota: 1st New Jersey: 50th Small Business & Entrepreneurship Council REALITY CHECK Retail price, per gallon, of black ink in the average printer ink cartridge: $4,371 PC World THE ECONOMY Increase in the sales of trucks and cargo vans—considered a useful indicator of small-business activity—in the fourth quarter of 2010, compared with a year earlier: 24% Edmunds.com
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