Here are some of the top stories in small business from the past week.
Buried in last week's news about election gaffes and the iPhone 5 was some mixed news for small businesses. After the chief economist for the U.S. Chamber of Commerce said earlier this month that the country could plunge into a recession by next summer, Sage North America reported that small- and mid-sized businesses have been adding personnel. The survey respondents were positively rosy about new orders and production, to boot.
And the U.S. Hispanic Chamber of Commerce said that new enterprises launched by Hispanics were the fastest-growing sector of U.S. businesses.
Leave it to Washington to kill the party. Reuters reported that small businesses could lose nearly a million jobs in 2013 if Congress fails to stop harsh budget cuts that are slated to start in January. An analysis released by the Aerospace Industries Association shows that small and mid-size suppliers would take the biggest hits if the government slashes national security and procurement budgets.
Good thing there are businesses offering bionic yarn made from plastic bottles and recycled iPhone speakers. These are some of the earnest products that swoon-worthy actor Adrian Grenier features on his new startup site, SHFT.com. Co-founded with business partner Peter Glatzer, the site curates eco-friendly products. Huffington Post shares details with the star and his friend.
For those weighing the allure of venture capital bucks, the folks at Inc. offered some advice on when—and when not—to say yes. VCs were once the only party checking out companies needing investments. But serial entrepreneur Rajat Bhargava warns that startups should scope out the people with the money–and walk away when a deal is laden with caveats.
Read more top small-business stories.