Smith Business Close-Up
Surviving the Downturn
Thursday, April 9, 2009, 7:30 p.m.
Sunday, April 12, 2009, 7:30 a.m.
Monday, April 13, 2009, 4:30 a.m.
to the U.S. Census Bureau, there are more than 27 million small businesses in
the United States, employing more than 40 million people. With the economy
struggling in recession, for most small businesses the name of game is survival.
In this edition of Smith Business Close-Up with the University of
Maryland’s Robert H. Smith School of Business,
Asher Epstein, managing
director of the Dingman Center for Entrepreneurship,
provides survival tips for small businesses.
The Robert H. Smith School of Business, together with Network Solutions,
conducts the Small Business Success Index, an ongoing measurement of the overall
health of U.S. small businesses based on a telephone survey of 1,000 small
business owners. The benchmark survey, which gathered data used to create the
Small Business Success Index, was conducted in December 2008 and January 2009
and found that 69 percent of small businesses were profitable in 2008. The Small
Business Success Index also revealed the majority (69 percent) of those who
showed a profit in 2008 said their success was equal to or better than the
previous year and 70 percent of small businesses expect their firms to still be
operating in five years as opposed to being closed, sold or transferred.
Regardless of the current economic downturn, small businesses are still
investing in their companies with 67 percent planning to spend the same or
increase overall business spending, according to survey results.
Smith Business Close-Up is co-produced by the Robert H. Smith School of
Business and Maryland Public Television. The television segment focuses on the latest thinking in business management,
and features in-depth interviews with Smith School faculty and other members of
the school’s community of business leaders.
Where to watch
Smith Business Close-Up can be seen bi-weekly on Maryland Public
Television's Your Business and Money. The program airs at 7:30 p.m. on
Thursdays and is repeated the following Sunday at 7:30 a.m. and Monday at 4:30
a.m. on public television stations throughout Maryland and the Washington, D.C.,
metropolitan region, including:
WMPB-TV (Ch. 67), Baltimore
WMPT-TV (Ch. 22), DC metro/Annapolis
WCPB-TV (Ch. 28), Salisbury
WFPT-TV (Ch. 62), Frederick
WWPB-TV (Ch. 31), Hagerstown
WGPT-TV (Ch. 36), Oakland