From the Editor
Mike Hofman

New Data on Small-Business Profits

 

With the economy prone to wild fluctuations these days, it is more difficult than ever to forecast accurately and to know whether a down month should be viewed as awful or merely disappointing. To help entrepreneurs with benchmarking, Inc. and Sageworks have compiled detailed financial data on privately held companies in more than a dozen industries. To see how your business compares, check out the Profitability Report, which was updated this week with fresh data.

Mike Hofman was previously editor of Inc.com and a deputy editor at Inc. magazine, which he joined in 1996. The site was nominated for a National Magazine Award for Digital Media in 2010, and was named the best business website by Folio Magazine. In 2006, Hofman was part of a team of writers nominated for a Webby Award for best business blog. He lives in New York City. @mikehofman