Verizon Small Business Days begins April 22nd, featuring tech checks and promotions
What you need to know:
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Verizon Business releases its second annual Latino Small Business Survey and reveals:
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Latinx small business owners express higher levels of optimism regarding their company's financial security and overall economic outlook compared to non-Latinx businesses.
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Latinx small business owners are prioritizing technology investments such as e-commerce and network security, reflecting a clear focus on leveraging digital tools for growth.
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Verizon Small Business Days (April 22-28) gives small business owners the chance to talk to experts and access trusted solutions and special offers to move their business forward.
NEW YORK, April 23, 2024 (GLOBE NEWSWIRE) — Verizon Business is suspending Small Business Day, which runs from April 22-28. 2nd Latin Small and Medium Enterprise Survey, solicited responses from 500 Latino small business owners (SBOs) and 500 non-Latino SBOs. The study, conducted by Morning Consult, found that compared to general market small business owners, Latino SBOs are more optimistic despite economic concerns and are more open to technology while balancing cybersecurity concerns. It turns out that investment is prioritized.
“Like many small businesses, Latino small businesses continue to grow by doubling down on technology and finding new ways to work, and our survey data supports this trend,” said Verizon Business Business Markets and SaaS Director said Aparna Kuljekar, Chief Revenue Officer. . “Their optimism about both the prospects for their businesses and the role technology will play in driving growth is inspiring. We're excited to welcome them in-store and provide them with the resources, tools and advice to support their growth trajectory.”
Increased economic optimism compared to non-Latino SBOs
This study showed clear differences in economic outlook between Latino SBOs and the general SBO market. In fact, 74% of Latinx SBOs expect their business' financial security to improve in the coming months, compared to 57% of non-Latinx SBOs. This optimism is evidenced by the fact that 78% of Latino SBOs said their business is better now than it was a year ago, compared to 62% of non-Latinx SBOs who shared the same opinion. This may be related to the fact that it was only %. This optimism is also felt in the larger community, with 68% saying they expect the local economy to improve in the coming months, compared to 48% of non-Latino small businesses. expressed his opinion.
However, this optimism is tempered by concerns about using personal savings to finance operations (71% of Latino SBOs vs. 53% of non-Latino SBOs) and concerns about their ability to pay their bills. clouded by serious business concerns, such as concerns. /monthly rent (64% of Latino SBOs vs. 49% of non-Latinx SBOs). Additionally, these Latinx companies are more concerned year over year about maintaining adequate staffing levels (71% vs. 60% in 2023) and avoiding cash flow disruptions (69% vs. 79% in 2023). expressed.
Desire for digital innovation and ability to leverage experts to help solve problems.
When it comes to digital innovation, Latinx SBOs place naming technology (41% vs. 30% for non-Latino SBOs) and e-commerce investments (31% vs. 19% for non-Latino SBOs) as top investment priorities. ) showed high index in many aspects. SBO). They are also more concerned about ensuring the security of corporate networks and computer systems (77% vs. 59% of non-Latino SBOs). This may be because 30% of Latinx SBOs reported a cybersecurity incident in the past year, compared to 21% of non-Latinx SBOs.
With a clear focus on growth, Latino SBOs seek to leverage external support to facilitate this growth. The types of support that Latinx SBOs are interested in include resources to transition to digital-first operations (78% vs. 58% of non-Latinx SBOs) and support for transitioning to new systems and ways of working (78% of non-Latinx SBOs); 82% vs. 58% of Latino SBOs). non-Latino SBO).You can read the full survey results here here.
Collaborating with companies to provide reliable solutions
As expressed in this study, small businesses of all backgrounds want to leverage expert advice to move their businesses forward, and Verizon Small Business Days is creating this forum to leverage business experts. We offer From April 22nd to April 28th, small businesses can consult with his Verizon Business specialists. Business owners can take advantage of timely offers and solutions designed to move their businesses forward. Some of the promotions and services available include:
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A free technical check to determine the viability and longevity of your current solution.
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Free 5G cell phone with no trade-in required for businesses switching to Verizon. Plus, you'll save up to an additional $300.1
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When you switch to the LTE Business Internet 50 Mbps plan, you get 12 months of free Verizon Business Internet Security Plus with ransomware, anti-phishing, and anti-malware features to help protect your business.2
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Receive up to $1,000 in Visa prepaid cards when you switch to select Fios Business Internet plans that are valid for two years.3
Providing digitally enabled resources for small and medium-sized businesses
Verizon is committed to providing digital skills training to 1 million small businesses by 2030. Verizon Small Business Digital Ready, a free online resource, was created with and for small businesses, with a special focus on supporting diverse and under-resourced business owners.of Digital-enabled website Small business owners have access to personalized learning through more than 40 courses (some available in Spanish), peer networking, one-on-one expert coaching, grants and other incentives. Offers.
To view the full survey results, please visit: https://www.verizon.com/about/2024-latino-small-business-survey.
To learn more about Verizon's small business solutions, visit: https://www.verizon.com/business/solutions/small-business/.
Verizon Communications Inc. (NYSE, Nasdaq: VZ), founded on June 30, 2000, is one of the world's leading providers of technology and communications services. Verizon, headquartered in New York City and with offices around the world, had revenues of $134 billion in 2023. The company delivers data, video and voice services and solutions on its award-winning network and platform to meet customer demands for mobility. Reliable network connectivity, security and control.
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1 Eligible purchases: iPhone 14 128GB, iPhone 15 128GB, Google Pixel 8 128GB, Pixel 8 Pro 128GB, Samsung Galaxy S23 128GB, Galaxy S24 128GB, or Galaxy XCover 6 Pro. Taxes and fees apply. Requires a new line with Device Payments Purchase Management and a Business Unlimited Plus or Unlimited Pro plan. 0% annual interest rate. , Different credits will be applied to your account depending on your smartphone purchase. During the period of control (up to 36 months). Promotional Credit ends when eligibility requirements are no longer met. Credits will begin on 2-3 invoices and include the appropriate credit amount from the order date. Monthly smartphone cost after credits: $0. Additional discounts are also available to customers who transfer their existing number to his VZ. $300 (iPhone 14, Google Pixel 8 or Samsung Galaxy S23) or $200 (iPhone 15, Pixel 8 Pro, Galaxy S24 or Galaxy XCover6 Pro) credit will be applied after 2-3 charges. Cannot be used in conjunction with other benefits. VZ reserves the right to charge back all or part of the value of the $200 or $300 promotional credit received as part of this offer to your account if you no longer meet the eligibility requirements. Such chargebacks may be subject to VZ Management Company's terms and conditions. Galaxy XCover6 Pro only supports 5G ultra-wideband mid-band (C-band), 5G and 4G LTE. Offer valid from April 22, 2024 to April 28, 2024.
2 Requires a new, eligible LTE Business Internet 50 Mbps service line and a new Verizon Business Internet Security Plus plan (VBIS Plus). Purchases of new service lines and VBIS Plus must be completed in one transaction. Not available for advance purchase. Eligible customers will receive a $10 monthly promotional billing credit for up to 12 months. It will be applied to your account after 1-2 charges. Promotional Credit ends when eligibility requirements are no longer met. Starting from the 13th month, the monthly promotional credit ends and the customer will pay $10 per month for his VBIS Plus service. Cannot be used in conjunction with all offers. Taxes, fees, and terms and conditions apply. Offer available from 4.22 to 4.28.24.
3 Fios Business Internet is available in some areas. Not available in all locations. The amount of the prepaid card is based on the speed tier purchased with the $1000 benefit of the 1 Gig plan. This offer is not available everywhere Fios is sold. Additional terms and conditions apply. Available from 4.22 to 4.28.24.
Media contact:
Tessa Giammona
tessa.giammona@verizon.com
carly sylvester
carly.sylvester@verizon.com
