Search
April 2012 Archive
When cash flow is tight and times are tough, one of the first areas to cut back on is your marketing budget. But how do you measure the worth of your existing activities and what should you cut? Here are some ideas: Retire Products and Services Do you have any products or services that simply aren’t generating a profit, despite concerted efforts to fix sales? Are your lower margin products outselling their higher margin counterparts in similar product lines? Consider retiring these lines, although be sure to look at incremental sales as...
by Caron_Beesley, Community Moderator on 04/30/2012 - 18:59
When cash flow is tight and times are tough, one of the first areas to cut back on is your marketing budget. But how do you measure the worth of your existing activities and what should you cut? Here are some ideas: Retire Products and Services Do you have any products or services that simply aren’t generating a profit, despite concerted efforts to fix sales? Are your lower margin products outselling their higher margin counterparts in similar product lines? Consider retiring these lines, although be sure to look at incremental sales as...
by Stephen Morris, Community Moderator on 04/26/2012 - 21:43
Note: Originally posted on Homeroom, the Department of Education's official blog. Small Business Administrator Karen Mills made her Twitter debut yesterday as she and Secretary Arne Duncan hosted an online Q & A responding to questions about how to start a new business, the loan repayment and forgiveness plans available to student loan borrowers, and how to find resources for aspiring entrepreneurs. Check out the entire Q&A on Storify. [View the story "#GradStartup Twitter Q&A with...
by Stephen Morris, Community Moderator on 04/26/2012 - 21:43
Note: Originally posted on Homeroom, the Department of Education's official blog. Small Business Administrator Karen Mills made her Twitter debut yesterday as she and Secretary Arne Duncan hosted an online Q & A responding to questions about how to start a new business, the loan repayment and forgiveness plans available to student loan borrowers, and how to find resources for aspiring entrepreneurs. Check out the entire Q&A on Storify. [View the story "#GradStartup Twitter Q&A with...
by Stephen Morris, Community Moderator on 04/26/2012 - 21:43
Note: Originally posted on Homeroom, the Department of Education's official blog. Small Business Administrator Karen Mills made her Twitter debut yesterday as she and Secretary Arne Duncan hosted an online Q & A responding to questions about how to start a new business, the loan repayment and forgiveness plans available to student loan borrowers, and how to find resources for aspiring entrepreneurs. Check out the entire Q&A on Storify. [View the story "#GradStartup Twitter Q&A with...
by Stephen Morris, Community Moderator on 04/26/2012 - 21:43
Note: Originally posted on Homeroom, the Department of Education's official blog. Small Business Administrator Karen Mills made her Twitter debut yesterday as she and Secretary Arne Duncan hosted an online Q & A responding to questions about how to start a new business, the loan repayment and forgiveness plans available to student loan borrowers, and how to find resources for aspiring entrepreneurs. Check out the entire Q&A on Storify. [View the story "#GradStartup Twitter Q&A with...
by NinaSSmith, SBA Official on 04/27/2012 - 14:07
In today’s market, even though lending is on the rise, improvement is needed to ensure that our economy is sound and built to last. The SBA, through our loan guaranty programs, works daily to fill the gaps so more Americans can start, and grow small businesses. The CAPLines loan program is one instrument in the SBA tool kit that businesses are using to get the working capital they need. Designed to help small businesses meet their short-term and long term working capital needs, the program has been reworked...
by NinaSSmith, SBA Official on 04/27/2012 - 14:07
In today’s market, even though lending is on the rise, improvement is needed to ensure that our economy is sound and built to last. The SBA, through our loan guaranty programs, works daily to fill the gaps so more Americans can start, and grow small businesses. The CAPLines loan program is one instrument in the SBA tool kit that businesses are using to get the working capital they need. Designed to help small businesses meet their short-term and long term working capital needs, the program has been reworked...
by NinaSSmith, SBA Official on 04/27/2012 - 14:07
In today’s market, even though lending is on the rise, improvement is needed to ensure that our economy is sound and built to last. The SBA, through our loan guaranty programs, works daily to fill the gaps so more Americans can start, and grow small businesses. The CAPLines loan program is one instrument in the SBA tool kit that businesses are using to get the working capital they need. Designed to help small businesses meet their short-term and long term working capital needs, the program has been reworked...
by Caron_Beesley, Community Moderator on 04/30/2012 - 18:59
So, you’ve set up a Facebook page and perhaps you are blogging too, but how do you use your online social media presence to actually get customers to frequent your business? Social media engagement is based on a customer’s interest in what you have to offer, and more often than not, your followers will be people who have done business with you in the past. But what can you do to generate repeat customers or even new customers? A lot depends on the trusted “call to action.” Here’s how to make it work for you: 1....
by Caron_Beesley, Community Moderator on 04/30/2012 - 18:59
So, you’ve set up a Facebook page and perhaps you are blogging too, but how do you use your online social media presence to actually get customers to frequent your business? Social media engagement is based on a customer’s interest in what you have to offer, and more often than not, your followers will be people who have done business with you in the past. But what can you do to generate repeat customers or even new customers? A lot depends on the trusted “call to action.” Here’s how to make it work for you: 1....
by mheffner, Community Moderator on 05/21/2012 - 18:43
Businesses move all the time. If a move is in the cards for your business, what should you do? Maybe you’re expanding and are out of capacity at your current location, or maybe a move is for personal reasons. Maybe you want relocate to a state that is more favorable to small businesses, such a state without any income taxes. Moving a business raises many questions, particularly questions about legal and regulatory matters. In fact, some of the most common questions posted by small business owners to the SBA.gov Community are...
by mheffner, Community Moderator on 05/21/2012 - 18:43
Businesses move all the time. If a move is in the cards for your business, what should you do? Maybe you’re expanding and are out of capacity at your current location, or maybe a move is for personal reasons. Maybe you want relocate to a state that is more favorable to small businesses, such a state without any income taxes. Moving a business raises many questions, particularly questions about legal and regulatory matters. In fact, some of the most common questions posted by small business owners to the SBA.gov Community are...
by mheffner, Community Moderator on 05/21/2012 - 18:43
Businesses move all the time. If a move is in the cards for your business, what should you do? Maybe you’re expanding and are out of capacity at your current location, or maybe a move is for personal reasons. Maybe you want relocate to a state that is more favorable to small businesses, such a state without any income taxes. Moving a business raises many questions, particularly questions about legal and regulatory matters. In fact, some of the most common questions posted by small business owners to the SBA.gov Community are...
by nicoj, Guest Blogger on 05/19/2012 - 20:00
I’m not a numbers person by nature. I was a writer first, then a journalist, before I got into business. I’ve learned the hard way, though, that managing the basic numbers is critical to business success. And if it’s your business, then you either manage them yourself or work with somebody you really trust. With that in mind, here’s my summary of the most important and most basic numbers in the business, and how to manage projections and tracking and steering ahead with them. 1. Do a sales forecast I know that’s...
by nicoj, Guest Blogger on 05/19/2012 - 20:00
I’m not a numbers person by nature. I was a writer first, then a journalist, before I got into business. I’ve learned the hard way, though, that managing the basic numbers is critical to business success. And if it’s your business, then you either manage them yourself or work with somebody you really trust. With that in mind, here’s my summary of the most important and most basic numbers in the business, and how to manage projections and tracking and steering ahead with them. 1. Do a sales forecast I know that’s...
by nicoj, Guest Blogger on 05/19/2012 - 20:00
I’m not a numbers person by nature. I was a writer first, then a journalist, before I got into business. I’ve learned the hard way, though, that managing the basic numbers is critical to business success. And if it’s your business, then you either manage them yourself or work with somebody you really trust. With that in mind, here’s my summary of the most important and most basic numbers in the business, and how to manage projections and tracking and steering ahead with them. 1. Do a sales forecast I know that’s...
by NinaSSmith, SBA Official on 04/25/2012 - 06:25
For the past 50 years at SBA, we’ve always been proud to serve not only “Main Street” small businesses, but also the high-growth startups that drive the lion’s share of net new job creation each year in America. These startup companies often benefit from working with accelerator and university programs where they have access to mentors, untapped opportunities, and networking sessions with local capital and resource providers. Today, we are launching the Startup America Regional Accelerators and University...
by NinaSSmith, SBA Official on 04/25/2012 - 06:25
For the past 50 years at SBA, we’ve always been proud to serve not only “Main Street” small businesses, but also the high-growth startups that drive the lion’s share of net new job creation each year in America. These startup companies often benefit from working with accelerator and university programs where they have access to mentors, untapped opportunities, and networking sessions with local capital and resource providers. Today, we are launching the Startup America Regional Accelerators and University...
by CeceliaT, Community Moderator on 04/23/2012 - 14:26
Small businesses around the country can take advantage of free computer security workshops to help strengthen their information security, determine their readiness against security breaches and safeguard their business information from computer attacks. With the growing threat of computer hacking, even against large companies, small businesses should armor themselves. The series of workshops, designed especially for small business owners, is made possible by a partnership between the SBA, Commerce Department’s National Institute of...
by CeceliaT, Community Moderator on 04/23/2012 - 14:26
Small businesses around the country can take advantage of free computer security workshops to help strengthen their information security, determine their readiness against security breaches and safeguard their business information from computer attacks. With the growing threat of computer hacking, even against large companies, small businesses should armor themselves. The series of workshops, designed especially for small business owners, is made possible by a partnership between the SBA, Commerce Department’s National Institute of...
by BusinessCredit, Guest Blogger on 04/23/2012 - 09:00
Identity theft is a crime that impacts the lives of more than 10 million consumers every year-and the numbers are increasing. It’s hard to imagine that one out of every 20 consumers is at risk of being a victim this year alone. The cost of identity theft among consumers costs businesses worldwide an estimated $221 billion a year, according to the Aberdeen Group. However, consumers are no longer the only ones being targeted by these criminals. Now business owners have a new kind of threat to be concerned about that can cause a whirlwind...
by BusinessCredit, Guest Blogger on 04/23/2012 - 09:00
Identity theft is a crime that impacts the lives of more than 10 million consumers every year-and the numbers are increasing. It’s hard to imagine that one out of every 20 consumers is at risk of being a victim this year alone. The cost of identity theft among consumers costs businesses worldwide an estimated $221 billion a year, according to the Aberdeen Group. However, consumers are no longer the only ones being targeted by these criminals. Now business owners have a new kind of threat to be concerned about that can cause a whirlwind...
by Caron_Beesley, Community Moderator on 04/30/2012 - 18:59
So, you filed your small business tax return and are breathing a sigh of relief that tax season is finally over – only to find that the IRS has just dropped a letter in your mailbox. While some tax mistakes can carry serious penalties and result in an audit, not all notices from the IRS indicate that an audit is coming your way. It’s quite possible that the IRS needs more information or you may have made an unwitting error when you filed. On the flipside, what if your filing error is to your benefit? After all, one of the most...
by Caron_Beesley, Community Moderator on 04/30/2012 - 18:59
So, you filed your small business tax return and are breathing a sigh of relief that tax season is finally over – only to find that the IRS has just dropped a letter in your mailbox. While some tax mistakes can carry serious penalties and result in an audit, not all notices from the IRS indicate that an audit is coming your way. It’s quite possible that the IRS needs more information or you may have made an unwitting error when you filed. On the flipside, what if your filing error is to your benefit? After all, one of the most...
by AshleyC, Community Moderator on 04/20/2012 - 13:38
When a friend or family member asks what you do to help small businesses, what do you say? I explain that I work for the U.S. Small Business Administration in our Loan Guaranty Processing Center (LGPC). I am very proud of the work we do here assisting small businesses around the country to start, build and grow their businesses through the SBA’s flagship 7a loan program. What’s your favorite thing about what the SBA does for small businesses? SBA lending is critical to the economic recovery of this country and is the backbone of...
by AshleyC, Community Moderator on 04/20/2012 - 13:38
When a friend or family member asks what you do to help small businesses, what do you say? I explain that I work for the U.S. Small Business Administration in our Loan Guaranty Processing Center (LGPC). I am very proud of the work we do here assisting small businesses around the country to start, build and grow their businesses through the SBA’s flagship 7a loan program. What’s your favorite thing about what the SBA does for small businesses? SBA lending is critical to the economic recovery of this country and is the backbone of...
by AshleyC, Community Moderator on 04/20/2012 - 13:38
When a friend or family member asks what you do to help small businesses, what do you say? I explain that I work for the U.S. Small Business Administration in our Loan Guaranty Processing Center (LGPC). I am very proud of the work we do here assisting small businesses around the country to start, build and grow their businesses through the SBA’s flagship 7a loan program. What’s your favorite thing about what the SBA does for small businesses? SBA lending is critical to the economic recovery of this country and is the backbone of...
by Stephen Morris, SBA Administrator on 04/19/2012 - 16:36
Graduation season is right around the corner and to help grads that are looking to start a small business, SBA and the U.S. Department of Education will host a Twitter Q & A Session on April 25 at 2pm EDT connecting soon-to-be grads or recent grads to resources to help them startup, succeed and create an economy built to last. I, along with U.S. Department of Education Secretary Arne Duncan, will answer your questions about starting a business and highlight the Income-Based Repayment (IBR) Plan, which supports young college grads...
by Stephen Morris, SBA Administrator on 04/19/2012 - 16:36
Graduation season is right around the corner and to help grads that are looking to start a small business, SBA and the U.S. Department of Education will host a Twitter Q & A Session on April 25 at 2pm EDT connecting soon-to-be grads or recent grads to resources to help them startup, succeed and create an economy built to last. I, along with U.S. Department of Education Secretary Arne Duncan, will answer your questions about starting a business and highlight the Income-Based Repayment (IBR) Plan, which supports young college grads...
by Stephen Morris, SBA Administrator on 04/19/2012 - 16:36
Graduation season is right around the corner and to help grads that are looking to start a small business, SBA and the U.S. Department of Education will host a Twitter Q & A Session on April 25 at 2pm EDT connecting soon-to-be grads or recent grads to resources to help them startup, succeed and create an economy built to last. I, along with U.S. Department of Education Secretary Arne Duncan, will answer your questions about starting a business and highlight the Income-Based Repayment (IBR) Plan, which supports young college grads...
by Stephen Morris, SBA Administrator on 04/19/2012 - 16:36
Graduation season is right around the corner and to help grads that are looking to start a small business, SBA and the U.S. Department of Education will host a Twitter Q & A Session on April 25 at 2pm EDT connecting soon-to-be grads or recent grads to resources to help them startup, succeed and create an economy built to last. I, along with U.S. Department of Education Secretary Arne Duncan, will answer your questions about starting a business and highlight the Income-Based Repayment (IBR) Plan, which supports young college grads...
by Stephen Morris, SBA Administrator on 04/19/2012 - 16:36
Graduation season is right around the corner and to help grads that are looking to start a small business, SBA and the U.S. Department of Education will host a Twitter Q & A Session on April 25 at 2pm EDT connecting soon-to-be grads or recent grads to resources to help them startup, succeed and create an economy built to last. I, along with U.S. Department of Education Secretary Arne Duncan, will answer your questions about starting a business and highlight the Income-Based Repayment (IBR) Plan, which supports young college grads...
by Stephen Morris, SBA Official on 04/20/2012 - 12:25
We all know we need to be good stewards of the earth, but did you know that with the help of SBA, some communities are celebrating Earth Day every day due to the efforts of small business? And, they are getting paid to do it! In the Cornhusker state of Nebraska, Midlands Recycling is contributing to a cleaner Omaha and Lincoln, and their neighbors can breathe easier, drink cleaner water and enjoy savings on their energy bills because of it. In 2011 alone, the company sorted and bailed 14,400 tons of paper material – recycling...
by Stephen Morris, SBA Official on 04/20/2012 - 12:25
We all know we need to be good stewards of the earth, but did you know that with the help of SBA, some communities are celebrating Earth Day every day due to the efforts of small business? And, they are getting paid to do it! In the Cornhusker state of Nebraska, Midlands Recycling is contributing to a cleaner Omaha and Lincoln, and their neighbors can breathe easier, drink cleaner water and enjoy savings on their energy bills because of it. In 2011 alone, the company sorted and bailed 14,400 tons of paper material – recycling...
by mheffner, Community Moderator on 05/21/2012 - 18:42
Does your small business have a presence on Facebook or Twitter? Are you wondering whether it’s worth investing time and resources in yet another social network? When Google rolled out Google Plus (Google+) last year, many asked the same question. And they’re still asking. There’s no doubt that social media is a great outreach and engagement tool for small businesses with limited marketing budgets. But as more and more social networks come online (Pinterest anyone?) is it really worth the effort to branch out and jump on...
by mheffner, Community Moderator on 05/21/2012 - 18:42
Does your small business have a presence on Facebook or Twitter? Are you wondering whether it’s worth investing time and resources in yet another social network? When Google rolled out Google Plus (Google+) last year, many asked the same question. And they’re still asking. There’s no doubt that social media is a great outreach and engagement tool for small businesses with limited marketing budgets. But as more and more social networks come online (Pinterest anyone?) is it really worth the effort to branch out and jump on...
by Caron_Beesley, Community Moderator on 04/18/2012 - 07:24
Want to take your restaurant on the road? Interested in starting a food-service business that affords lower overhead costs than a bricks and mortar restaurant? Starting a mobile food concession business has its advantages – the rent is cheaper, staff overhead is lower, and you can move to follow the profits. But it also has its challenges – weather, vehicle breakdowns, and seasonality, to name a few. And don’t forget, starting a business or expanding into new markets, particularly with on-board food, means you’ll also...
by Caron_Beesley, Community Moderator on 04/18/2012 - 07:24
Want to take your restaurant on the road? Interested in starting a food-service business that affords lower overhead costs than a bricks and mortar restaurant? Starting a mobile food concession business has its advantages – the rent is cheaper, staff overhead is lower, and you can move to follow the profits. But it also has its challenges – weather, vehicle breakdowns, and seasonality, to name a few. And don’t forget, starting a business or expanding into new markets, particularly with on-board food, means you’ll also...
by Caron_Beesley, Community Moderator on 04/18/2012 - 07:24
Want to take your restaurant on the road? Interested in starting a food-service business that affords lower overhead costs than a bricks and mortar restaurant? Starting a mobile food concession business has its advantages – the rent is cheaper, staff overhead is lower, and you can move to follow the profits. But it also has its challenges – weather, vehicle breakdowns, and seasonality, to name a few. And don’t forget, starting a business or expanding into new markets, particularly with on-board food, means you’ll also...
by Caron_Beesley, Community Moderator on 04/18/2012 - 07:24
Want to take your restaurant on the road? Interested in starting a food-service business that affords lower overhead costs than a bricks and mortar restaurant? Starting a mobile food concession business has its advantages – the rent is cheaper, staff overhead is lower, and you can move to follow the profits. But it also has its challenges – weather, vehicle breakdowns, and seasonality, to name a few. And don’t forget, starting a business or expanding into new markets, particularly with on-board food, means you’ll also...
by Rieva, Guest Blogger on 04/30/2012 - 18:59
The Great Recession officially ended in 2009, but it sure didn't feel that way for most consumers (or businesses). Now, however, the economy finally is on an upward trajectory, with consumer sentiment, business hiring plans and employment data all looking up. Whether your company targets consumers or businesses, here’s what to keep in mind to successfully market to customers as their spirits rise and their wallets start to open again. Take advantage of pent-up desire. According to Time magazine, one indicator of the improving economy...
by Rieva, Guest Blogger on 04/30/2012 - 18:59
The Great Recession officially ended in 2009, but it sure didn't feel that way for most consumers (or businesses). Now, however, the economy finally is on an upward trajectory, with consumer sentiment, business hiring plans and employment data all looking up. Whether your company targets consumers or businesses, here’s what to keep in mind to successfully market to customers as their spirits rise and their wallets start to open again. Take advantage of pent-up desire. According to Time magazine, one indicator of the improving economy...
by Stephen Morris, SBA Administrator on 05/11/2012 - 11:15
DEADLINE EXTENDED: Videos can be submitted through Challenge.gov until 5pm EDT, May 15, 2012. Questions can be addressed to opengov@sba.gov. It’s almost time for National Small Business Week 2012 - and to kick things off we are launching a video contest. Each week I travel around the country and hear from business owners about how SBA has helped them start, grow and succeed. I’m often inspired by each business’ ingenuity, and it’s the small business owners I meet each week that are making communities strong...
by Stephen Morris, SBA Administrator on 05/11/2012 - 11:15
DEADLINE EXTENDED: Videos can be submitted through Challenge.gov until 5pm EDT, May 15, 2012. Questions can be addressed to opengov@sba.gov. It’s almost time for National Small Business Week 2012 - and to kick things off we are launching a video contest. Each week I travel around the country and hear from business owners about how SBA has helped them start, grow and succeed. I’m often inspired by each business’ ingenuity, and it’s the small business owners I meet each week that are making communities strong...
by Caron_Beesley, Community Moderator on 04/30/2012 - 18:59
Just filed your taxes and wished you’d had the help of an accountant? Unhappy with your current accountant? Here are some tips for finding and choosing an accountant you can trust with your small business numbers and rely on for solid financial advice throughout the year. Why Hire an Accountant An accountant can save you time and clear up much of the confusion you experience when it comes to managing your finances and taxes, but a trusted accountant can provide other benefits, too. Act as a Trusted Advisor – More than just a...
by Caron_Beesley, Community Moderator on 04/30/2012 - 18:59
Just filed your taxes and wished you’d had the help of an accountant? Unhappy with your current accountant? Here are some tips for finding and choosing an accountant you can trust with your small business numbers and rely on for solid financial advice throughout the year. Why Hire an Accountant An accountant can save you time and clear up much of the confusion you experience when it comes to managing your finances and taxes, but a trusted accountant can provide other benefits, too. Act as a Trusted Advisor – More than just a...
by Caron_Beesley, Community Moderator on 04/30/2012 - 18:59
Just filed your taxes and wished you’d had the help of an accountant? Unhappy with your current accountant? Here are some tips for finding and choosing an accountant you can trust with your small business numbers and rely on for solid financial advice throughout the year. Why Hire an Accountant An accountant can save you time and clear up much of the confusion you experience when it comes to managing your finances and taxes, but a trusted accountant can provide other benefits, too. Act as a Trusted Advisor – More than just a...
by BarbaraWeltman, Guest Blogger on 04/12/2012 - 14:32
Need a new desk? A file cabinet? Machinery? A truck? Instead of simply buying a brand new item from your local dealer, consider some alternative ways to get what you need for little or no money. Here are three strategies to help you. 1. Buy used or last year’s models You don’t necessarily have to buy a spanking new car or the latest tablet. You may be able to satisfy your needs by looking for a pre-owned car, a reconditioned machine, or a refurbished laptop. A slightly slower tablet, such as the previous version of the iPad, may do...
by BarbaraWeltman, Guest Blogger on 04/12/2012 - 14:32
Need a new desk? A file cabinet? Machinery? A truck? Instead of simply buying a brand new item from your local dealer, consider some alternative ways to get what you need for little or no money. Here are three strategies to help you. 1. Buy used or last year’s models You don’t necessarily have to buy a spanking new car or the latest tablet. You may be able to satisfy your needs by looking for a pre-owned car, a reconditioned machine, or a refurbished laptop. A slightly slower tablet, such as the previous version of the iPad, may do...
by BarbaraWeltman, Guest Blogger on 04/12/2012 - 14:32
Need a new desk? A file cabinet? Machinery? A truck? Instead of simply buying a brand new item from your local dealer, consider some alternative ways to get what you need for little or no money. Here are three strategies to help you. 1. Buy used or last year’s models You don’t necessarily have to buy a spanking new car or the latest tablet. You may be able to satisfy your needs by looking for a pre-owned car, a reconditioned machine, or a refurbished laptop. A slightly slower tablet, such as the previous version of the iPad, may do...
by BarbaraWeltman, Guest Blogger on 04/12/2012 - 14:32
Need a new desk? A file cabinet? Machinery? A truck? Instead of simply buying a brand new item from your local dealer, consider some alternative ways to get what you need for little or no money. Here are three strategies to help you. 1. Buy used or last year’s models You don’t necessarily have to buy a spanking new car or the latest tablet. You may be able to satisfy your needs by looking for a pre-owned car, a reconditioned machine, or a refurbished laptop. A slightly slower tablet, such as the previous version of the iPad, may do...
by Caron_Beesley, Community Moderator on 08/01/2012 - 17:23
Entrepreneur and founder of The Body Shop Anita Roddick once said: “Nobody talks about entrepreneurship as survival, but that's exactly what it is and what nurtures creative thinking.” The first few years of small business ownership are undoubtedly the toughest, a huge test of entrepreneurial character. And data proves that getting it right is as challenging as ever. According to the SBA Office of Advocacy (PDF), the survival rate for new employer firms stacks up as follows: Seven out of 10 new employer firms survive...
by Caron_Beesley, Community Moderator on 08/01/2012 - 17:23
Entrepreneur and founder of The Body Shop Anita Roddick once said: “Nobody talks about entrepreneurship as survival, but that's exactly what it is and what nurtures creative thinking.” The first few years of small business ownership are undoubtedly the toughest, a huge test of entrepreneurial character. And data proves that getting it right is as challenging as ever. According to the SBA Office of Advocacy (PDF), the survival rate for new employer firms stacks up as follows: Seven out of 10 new employer firms survive...
by Caron_Beesley, Community Moderator on 08/01/2012 - 17:23
Entrepreneur and founder of The Body Shop Anita Roddick once said: “Nobody talks about entrepreneurship as survival, but that's exactly what it is and what nurtures creative thinking.” The first few years of small business ownership are undoubtedly the toughest, a huge test of entrepreneurial character. And data proves that getting it right is as challenging as ever. According to the SBA Office of Advocacy (PDF), the survival rate for new employer firms stacks up as follows: Seven out of 10 new employer firms survive...
by Caron_Beesley, Community Moderator on 08/01/2012 - 17:23
Entrepreneur and founder of The Body Shop Anita Roddick once said: “Nobody talks about entrepreneurship as survival, but that's exactly what it is and what nurtures creative thinking.” The first few years of small business ownership are undoubtedly the toughest, a huge test of entrepreneurial character. And data proves that getting it right is as challenging as ever. According to the SBA Office of Advocacy (PDF), the survival rate for new employer firms stacks up as follows: Seven out of 10 new employer firms survive...
by Stephen Morris, SBA Deputy Administrator on 04/11/2012 - 13:33
Yesterday, I joined Secretary Ray LaHood and other senior members of the Obama Administration for the US Department of Transportation’s annual Small Business Day. This day-long event, themed “Moving Forward,” provides small businesses the chance to discuss procurement opportunities with federal contracting officers and attend valuable workshops designed to help them reach the next level of growth. During the morning plenary session, I was able to outline some of the US Small Business Administration’s key...
by Stephen Morris, SBA Deputy Administrator on 04/11/2012 - 13:33
Yesterday, I joined Secretary Ray LaHood and other senior members of the Obama Administration for the US Department of Transportation’s annual Small Business Day. This day-long event, themed “Moving Forward,” provides small businesses the chance to discuss procurement opportunities with federal contracting officers and attend valuable workshops designed to help them reach the next level of growth. During the morning plenary session, I was able to outline some of the US Small Business Administration’s key...
by Stephen Morris, SBA Deputy Administrator on 04/11/2012 - 13:33
Yesterday, I joined Secretary Ray LaHood and other senior members of the Obama Administration for the US Department of Transportation’s annual Small Business Day. This day-long event, themed “Moving Forward,” provides small businesses the chance to discuss procurement opportunities with federal contracting officers and attend valuable workshops designed to help them reach the next level of growth. During the morning plenary session, I was able to outline some of the US Small Business Administration’s key...
by Stephen Morris, SBA Deputy Administrator on 04/11/2012 - 11:12
This Friday, the White House Business Council and SBA are hosting a forum at Arizona State University to help Phoenix entrepreneurs get the tools they need to grow and expand -- such as SBA guaranteed loans, government contracting programs and business counseling services. The event is the fifth in a multi-city series of Urban Economic Forums discussing the Obama administration’s commitment to small business success in America’s urban areas. Friday’s forum will feature White House Business Council Executive Director Ari...
by Stephen Morris, SBA Deputy Administrator on 04/11/2012 - 11:12
This Friday, the White House Business Council and SBA are hosting a forum at Arizona State University to help Phoenix entrepreneurs get the tools they need to grow and expand -- such as SBA guaranteed loans, government contracting programs and business counseling services. The event is the fifth in a multi-city series of Urban Economic Forums discussing the Obama administration’s commitment to small business success in America’s urban areas. Friday’s forum will feature White House Business Council Executive Director Ari...
by Caron_Beesley, Community Moderator on 04/11/2012 - 07:05
Looking to drum up business with a call campaign? Want to reach out to your customers and prospects by phone? Before you dial, you should be aware of the government’s Do Not Call rules. Most of us probably have a loose interpretation of Do Not Call rules and requirements, assuming that as long as “an existing business relationship” exists between the telemarketer and the consumer, then it’s okay to call. But consider these questions: Which customers do you really have an “existing relationship” with and...
by Caron_Beesley, Community Moderator on 04/11/2012 - 07:05
Looking to drum up business with a call campaign? Want to reach out to your customers and prospects by phone? Before you dial, you should be aware of the government’s Do Not Call rules. Most of us probably have a loose interpretation of Do Not Call rules and requirements, assuming that as long as “an existing business relationship” exists between the telemarketer and the consumer, then it’s okay to call. But consider these questions: Which customers do you really have an “existing relationship” with and...
by Caron_Beesley, Community Moderator on 04/30/2012 - 18:59
The idea of starting a business during a recession or growing a business during tough times may sound like the ultimate challenge for any entrepreneur or small business owner. Yet, time and time again, small businesses prove that with agility, planning, and the right resources, tough times aren’t just survivable – they can spur growth. Take for example SBA’s 2011 National Small Business Person of the Year, Rick Cochran, whose Vermont-based Mobile Medical International (MMI), provides advanced medical care to underserved areas...
by Caron_Beesley, Community Moderator on 04/30/2012 - 18:59
The idea of starting a business during a recession or growing a business during tough times may sound like the ultimate challenge for any entrepreneur or small business owner. Yet, time and time again, small businesses prove that with agility, planning, and the right resources, tough times aren’t just survivable – they can spur growth. Take for example SBA’s 2011 National Small Business Person of the Year, Rick Cochran, whose Vermont-based Mobile Medical International (MMI), provides advanced medical care to underserved areas...
by Caron_Beesley, Community Moderator on 04/30/2012 - 18:59
The idea of starting a business during a recession or growing a business during tough times may sound like the ultimate challenge for any entrepreneur or small business owner. Yet, time and time again, small businesses prove that with agility, planning, and the right resources, tough times aren’t just survivable – they can spur growth. Take for example SBA’s 2011 National Small Business Person of the Year, Rick Cochran, whose Vermont-based Mobile Medical International (MMI), provides advanced medical care to underserved areas...
by NinaSSmith, SBA Administrator on 06/04/2012 - 16:20
Today, President Obama signed the Jumpstart Our Business Startups Act (JOBS), making it easier for small businesses and entrepreneurs to obtain much needed access to capital. This new law creates an enhanced environment for growth. Last year, senior SBA officials traveled around the country listening to high-growth entrepreneurs. We heard your concerns and learned about the barriers to expansion particularly for high-growth industries and the need for a simplified process-one that any business could use to grow and create jobs. We...
by NinaSSmith, SBA Administrator on 06/04/2012 - 16:20
Today, President Obama signed the Jumpstart Our Business Startups Act (JOBS), making it easier for small businesses and entrepreneurs to obtain much needed access to capital. This new law creates an enhanced environment for growth. Last year, senior SBA officials traveled around the country listening to high-growth entrepreneurs. We heard your concerns and learned about the barriers to expansion particularly for high-growth industries and the need for a simplified process-one that any business could use to grow and create jobs. We...
by NinaSSmith, SBA Administrator on 06/04/2012 - 16:20
Today, President Obama signed the Jumpstart Our Business Startups Act (JOBS), making it easier for small businesses and entrepreneurs to obtain much needed access to capital. This new law creates an enhanced environment for growth. Last year, senior SBA officials traveled around the country listening to high-growth entrepreneurs. We heard your concerns and learned about the barriers to expansion particularly for high-growth industries and the need for a simplified process-one that any business could use to grow and create jobs. We...
by smallbiztrends, Guest Blogger on 04/05/2012 - 13:44
As of March 30, 2012 – like it or not – your Facebook page for your business changed. If you had a custom Welcome tab, as many small businesses did -- one that said “Like our Page” or had a special offer -- it is no longer the first thing that people visiting your Facebook page will see. Now you have something called the Facebook timeline. People landing on your Facebook Page for the first time can see a large image at the top, plus other items below. Visitors to your page can also go back in...
by smallbiztrends, Guest Blogger on 04/05/2012 - 13:44
As of March 30, 2012 – like it or not – your Facebook page for your business changed. If you had a custom Welcome tab, as many small businesses did -- one that said “Like our Page” or had a special offer -- it is no longer the first thing that people visiting your Facebook page will see. Now you have something called the Facebook timeline. People landing on your Facebook Page for the first time can see a large image at the top, plus other items below. Visitors to your page can also go back in...
by nicoj, Community Moderator on 04/30/2012 - 18:59
Contractors and surety bond providers: Did you know the SBA guarantees surety bonds? For both small business contractors and surety agents alike, working with SBA to secure a surety bond guarantee can offer valuable benefits. What’s more, applying for the program is fast – the average application is reviewed in under 2 days – and contractors and agents can upload application documents online through the e-Apps system. SBA is working to make the online application even faster and more convenient....
by nicoj, Community Moderator on 04/30/2012 - 18:59
Contractors and surety bond providers: Did you know the SBA guarantees surety bonds? For both small business contractors and surety agents alike, working with SBA to secure a surety bond guarantee can offer valuable benefits. What’s more, applying for the program is fast – the average application is reviewed in under 2 days – and contractors and agents can upload application documents online through the e-Apps system. SBA is working to make the online application even faster and more convenient....
by nicoj, Community Moderator on 04/30/2012 - 18:59
Contractors and surety bond providers: Did you know the SBA guarantees surety bonds? For both small business contractors and surety agents alike, working with SBA to secure a surety bond guarantee can offer valuable benefits. What’s more, applying for the program is fast – the average application is reviewed in under 2 days – and contractors and agents can upload application documents online through the e-Apps system. SBA is working to make the online application even faster and more convenient....
by Stephen Morris, Community Moderator on 04/17/2012 - 14:48
Next month our nation’s entrepreneurs will come together in Washington, D.C., and virtually via the Internet for a three-day celebration of National Small Business Week – the 49th straight year. The centerpiece of a variety of week-long celebrations is the annual National Small Business Week Conference, May 20-22 at the Mandarin Oriental Hotel. Hosted by SBA, the event includes educational forums, networking sessions, and an awards ceremony recognizing the impact made by outstanding American entrepreneurs and small business owners...
by Stephen Morris, Community Moderator on 04/17/2012 - 14:48
Next month our nation’s entrepreneurs will come together in Washington, D.C., and virtually via the Internet for a three-day celebration of National Small Business Week – the 49th straight year. The centerpiece of a variety of week-long celebrations is the annual National Small Business Week Conference, May 20-22 at the Mandarin Oriental Hotel. Hosted by SBA, the event includes educational forums, networking sessions, and an awards ceremony recognizing the impact made by outstanding American entrepreneurs and small business owners...
by Stephen Morris, Community Moderator on 04/17/2012 - 14:48
Next month our nation’s entrepreneurs will come together in Washington, D.C., and virtually via the Internet for a three-day celebration of National Small Business Week – the 49th straight year. The centerpiece of a variety of week-long celebrations is the annual National Small Business Week Conference, May 20-22 at the Mandarin Oriental Hotel. Hosted by SBA, the event includes educational forums, networking sessions, and an awards ceremony recognizing the impact made by outstanding American entrepreneurs and small business owners...
by Stephen Morris, Community Moderator on 04/17/2012 - 14:48
Next month our nation’s entrepreneurs will come together in Washington, D.C., and virtually via the Internet for a three-day celebration of National Small Business Week – the 49th straight year. The centerpiece of a variety of week-long celebrations is the annual National Small Business Week Conference, May 20-22 at the Mandarin Oriental Hotel. Hosted by SBA, the event includes educational forums, networking sessions, and an awards ceremony recognizing the impact made by outstanding American entrepreneurs and small business owners...
by Stephen Morris, Community Moderator on 04/17/2012 - 14:48
Next month our nation’s entrepreneurs will come together in Washington, D.C., and virtually via the Internet for a three-day celebration of National Small Business Week – the 49th straight year. The centerpiece of a variety of week-long celebrations is the annual National Small Business Week Conference, May 20-22 at the Mandarin Oriental Hotel. Hosted by SBA, the event includes educational forums, networking sessions, and an awards ceremony recognizing the impact made by outstanding American entrepreneurs and small business owners...
by nicoj, Community Moderator on 04/30/2012 - 18:59
Are you a surety bond company or authorized surety agent? Do you underwrite contract surety bonds? If so, SBA may be a valuable partner to you. SBA guarantees surety bonds for small businesses unable to secure a surety bond through other means – and both small businesses and surety companies can benefit from working with SBA. This, the third blog in our series, helps surety companies and agents understand the benefits of SBA’s Surety Bond Guarantee Program. For contractor-specific surety bond information,...
by nicoj, Community Moderator on 04/30/2012 - 18:59
Are you a surety bond company or authorized surety agent? Do you underwrite contract surety bonds? If so, SBA may be a valuable partner to you. SBA guarantees surety bonds for small businesses unable to secure a surety bond through other means – and both small businesses and surety companies can benefit from working with SBA. This, the third blog in our series, helps surety companies and agents understand the benefits of SBA’s Surety Bond Guarantee Program. For contractor-specific surety bond information,...
by nicoj, Community Moderator on 04/30/2012 - 18:59
Are you a surety bond company or authorized surety agent? Do you underwrite contract surety bonds? If so, SBA may be a valuable partner to you. SBA guarantees surety bonds for small businesses unable to secure a surety bond through other means – and both small businesses and surety companies can benefit from working with SBA. This, the third blog in our series, helps surety companies and agents understand the benefits of SBA’s Surety Bond Guarantee Program. For contractor-specific surety bond information,...
by nicoj, Community Moderator on 04/04/2012 - 10:09
After gathering feedback in small business focus groups in Baltimore, Richmond and Washington D.C., SBA is moving ahead with a series of communication initiatives that highlight how its programs and services can help entrepreneurs. In the process, the agency’s website at SBA.gov is pulling in increased traffic and engaging more entrepreneurs via social media. Using a variety of tactics, including the SBA.gov website, email campaigns and social media, we’re packaging and sharing information about our programs to provide small...
by nicoj, Community Moderator on 04/04/2012 - 10:09
After gathering feedback in small business focus groups in Baltimore, Richmond and Washington D.C., SBA is moving ahead with a series of communication initiatives that highlight how its programs and services can help entrepreneurs. In the process, the agency’s website at SBA.gov is pulling in increased traffic and engaging more entrepreneurs via social media. Using a variety of tactics, including the SBA.gov website, email campaigns and social media, we’re packaging and sharing information about our programs to provide small...
by nicoj, Community Moderator on 04/04/2012 - 10:09
After gathering feedback in small business focus groups in Baltimore, Richmond and Washington D.C., SBA is moving ahead with a series of communication initiatives that highlight how its programs and services can help entrepreneurs. In the process, the agency’s website at SBA.gov is pulling in increased traffic and engaging more entrepreneurs via social media. Using a variety of tactics, including the SBA.gov website, email campaigns and social media, we’re packaging and sharing information about our programs to provide small...
by nicoj, Community Moderator on 04/04/2012 - 10:09
After gathering feedback in small business focus groups in Baltimore, Richmond and Washington D.C., SBA is moving ahead with a series of communication initiatives that highlight how its programs and services can help entrepreneurs. In the process, the agency’s website at SBA.gov is pulling in increased traffic and engaging more entrepreneurs via social media. Using a variety of tactics, including the SBA.gov website, email campaigns and social media, we’re packaging and sharing information about our programs to provide small...
by Caron_Beesley, Community Moderator on 04/30/2012 - 18:59
Entrepreneurial couples are very common – the Wall Street Journal says a third of family businesses are husband and wife teams – and they represent a dynamic force in the small business world. These partnerships can be immensely positive experiences and provide the foundation for a convenient and cost-effective business venture, especially if the marriage is sound in the first place. The flip side, however, can be disastrous. So what’s the key to success? According to this article in “Reference for Business,”...
by Caron_Beesley, Community Moderator on 04/30/2012 - 18:59
Entrepreneurial couples are very common – the Wall Street Journal says a third of family businesses are husband and wife teams – and they represent a dynamic force in the small business world. These partnerships can be immensely positive experiences and provide the foundation for a convenient and cost-effective business venture, especially if the marriage is sound in the first place. The flip side, however, can be disastrous. So what’s the key to success? According to this article in “Reference for Business,”...
by nicoj, Community Moderator on 04/30/2012 - 18:59
SBA Surety Bonds, Pt. 2: Applying is Easier than You Think Are you a small contractor bidding on work that requires a surety bond? Or, do you have questions about what a surety bond is, why you might need one, and how to get one? If so, SBA may be able to help. SBA guarantees surety bonds for small contractors that might not qualify otherwise – and the process of getting a guarantee is easier and faster than you might think. In fact, SBA’s Office of Surety Guarantees usually reviews applications for bonds within 2...
by nicoj, Community Moderator on 04/30/2012 - 18:59
SBA Surety Bonds, Pt. 2: Applying is Easier than You Think Are you a small contractor bidding on work that requires a surety bond? Or, do you have questions about what a surety bond is, why you might need one, and how to get one? If so, SBA may be able to help. SBA guarantees surety bonds for small contractors that might not qualify otherwise – and the process of getting a guarantee is easier and faster than you might think. In fact, SBA’s Office of Surety Guarantees usually reviews applications for bonds within 2...
by nicoj, Community Moderator on 04/30/2012 - 18:59
SBA Surety Bonds, Pt. 2: Applying is Easier than You Think Are you a small contractor bidding on work that requires a surety bond? Or, do you have questions about what a surety bond is, why you might need one, and how to get one? If so, SBA may be able to help. SBA guarantees surety bonds for small contractors that might not qualify otherwise – and the process of getting a guarantee is easier and faster than you might think. In fact, SBA’s Office of Surety Guarantees usually reviews applications for bonds within 2...
by FranchiseKing, Guest Blogger on 04/03/2012 - 08:20
Technology has certainly made an impact in the way we do business these days. It’s practically impossible to run a small business without it. In the world of franchising, technology is a very important part of the actual business model. A good franchisor with good technology makes it a lot easier to be a franchisee-an owner. If you’re considering franchise ownership, make sure that you find out what’s being used by the franchise company that you’re thinking of joining. Make sure that the systems in place are...
by FranchiseKing, Guest Blogger on 04/03/2012 - 08:20
Technology has certainly made an impact in the way we do business these days. It’s practically impossible to run a small business without it. In the world of franchising, technology is a very important part of the actual business model. A good franchisor with good technology makes it a lot easier to be a franchisee-an owner. If you’re considering franchise ownership, make sure that you find out what’s being used by the franchise company that you’re thinking of joining. Make sure that the systems in place are...
by FranchiseKing, Guest Blogger on 04/03/2012 - 08:20
Technology has certainly made an impact in the way we do business these days. It’s practically impossible to run a small business without it. In the world of franchising, technology is a very important part of the actual business model. A good franchisor with good technology makes it a lot easier to be a franchisee-an owner. If you’re considering franchise ownership, make sure that you find out what’s being used by the franchise company that you’re thinking of joining. Make sure that the systems in place are...
by nicoj, Community Moderator on 04/30/2012 - 18:59
Are you a contractor bidding on work that requires a surety bond? Do you have questions about what a surety bond is, why you might need one, and how to get one? If so, SBA may be able to help. SBA guarantees surety bonds for small contractors that might not qualify otherwise – and the process of getting the guarantee is easier and faster than you might think. For example, SBA’s Office of Surety Guarantees usually reviews applications for bonds within two days, processing claims in just nine days. In this blog, Part 1 in...
by nicoj, Community Moderator on 04/30/2012 - 18:59
Are you a contractor bidding on work that requires a surety bond? Do you have questions about what a surety bond is, why you might need one, and how to get one? If so, SBA may be able to help. SBA guarantees surety bonds for small contractors that might not qualify otherwise – and the process of getting the guarantee is easier and faster than you might think. For example, SBA’s Office of Surety Guarantees usually reviews applications for bonds within two days, processing claims in just nine days. In this blog, Part 1 in...
by nicoj, Community Moderator on 04/30/2012 - 18:59
Are you a contractor bidding on work that requires a surety bond? Do you have questions about what a surety bond is, why you might need one, and how to get one? If so, SBA may be able to help. SBA guarantees surety bonds for small contractors that might not qualify otherwise – and the process of getting the guarantee is easier and faster than you might think. For example, SBA’s Office of Surety Guarantees usually reviews applications for bonds within two days, processing claims in just nine days. In this blog, Part 1 in...
by Caron_Beesley, Community Moderator on 04/30/2012 - 18:59
Because of a quirk with a local holiday in the District of Columbia, April 17th is the deadline to file your 2011 small business taxes this year. Whether you use the services of an accountant or file your own taxes, there are still some things you can do to ensure you file properly, avoid audits, and claim the right tax deductions. Keep Good Records You probably hear this from tax advisors and accountants all year long, but proper record-keeping year-round is the first step to ensuring your taxes are filed accurately and that you have the...
by Caron_Beesley, Community Moderator on 04/30/2012 - 18:59
Because of a quirk with a local holiday in the District of Columbia, April 17th is the deadline to file your 2011 small business taxes this year. Whether you use the services of an accountant or file your own taxes, there are still some things you can do to ensure you file properly, avoid audits, and claim the right tax deductions. Keep Good Records You probably hear this from tax advisors and accountants all year long, but proper record-keeping year-round is the first step to ensuring your taxes are filed accurately and that you have the...
Contributors
Top Rated Articles
Community Help
Archive
- September 2012 (20)
- August 2012 (26)
- July 2012 (29)
- June 2012 (25)
- May 2012 (33)
- April 2012 (35)
- March 2012 (36)
- February 2012 (35)
- January 2012 (30)
- December 2011 (26)
- November 2011 (40)
- October 2011 (37)
- September 2011 (34)
- August 2011 (34)
- July 2011 (29)
- June 2011 (29)
- May 2011 (28)
- April 2011 (4)
- March 2011 (4)
- February 2011 (3)
- January 2011 (21)
by Caron_Beesley, Community Moderator on 04/30/2012 - 18:59