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November 2012 Archive
Confession: I wish I’d come up with the term lean startup. I love the term and, for that matter, the idea behind it. Credit for that goes to Eric Ries, author of the book The Lean Startup, and Steve Blank, blogger, entrepreneur, and sometimes professor (at Stanford and Berkeley both, no less, which I guess is also a feat) who’s adapted it and popularized it along with Eric. If you’re curious, here is the Wikipedia definition: “The Lean Startup … relies on validated learning, scientific experimentation, and...
by Tim Berry, Guest Blogger on 11/30/2012 - 12:10
Confession: I wish I’d come up with the term lean startup. I love the term and, for that matter, the idea behind it. Credit for that goes to Eric Ries, author of the book The Lean Startup, and Steve Blank, blogger, entrepreneur, and sometimes professor (at Stanford and Berkeley both, no less, which I guess is also a feat) who’s adapted it and popularized it along with Eric. If you’re curious, here is the Wikipedia definition: “The Lean Startup … relies on validated learning, scientific experimentation, and...
by Tim Berry, Guest Blogger on 11/30/2012 - 12:10
Confession: I wish I’d come up with the term lean startup. I love the term and, for that matter, the idea behind it. Credit for that goes to Eric Ries, author of the book The Lean Startup, and Steve Blank, blogger, entrepreneur, and sometimes professor (at Stanford and Berkeley both, no less, which I guess is also a feat) who’s adapted it and popularized it along with Eric. If you’re curious, here is the Wikipedia definition: “The Lean Startup … relies on validated learning, scientific experimentation, and...
by Tim Berry, Guest Blogger on 11/30/2012 - 12:10
Confession: I wish I’d come up with the term lean startup. I love the term and, for that matter, the idea behind it. Credit for that goes to Eric Ries, author of the book The Lean Startup, and Steve Blank, blogger, entrepreneur, and sometimes professor (at Stanford and Berkeley both, no less, which I guess is also a feat) who’s adapted it and popularized it along with Eric. If you’re curious, here is the Wikipedia definition: “The Lean Startup … relies on validated learning, scientific experimentation, and...
by Stephen Morris, SBA Official on 11/29/2012 - 13:26
A month after Hurricane Sandy devastated the East Coast, homeowners, renters and businesses are dealing with the challenging task of rebuilding their homes, businesses and communities. There’s a lot of information out there about different forms of federal assistance, and a lot of confusion about the U.S. Small Business Administration’s role in helping homeowners, renters and businesses recover. The SBA is committed to the long-term recovery of the people and businesses affected by Hurricane Sandy. Don’t let...
by Stephen Morris, SBA Official on 11/29/2012 - 13:26
A month after Hurricane Sandy devastated the East Coast, homeowners, renters and businesses are dealing with the challenging task of rebuilding their homes, businesses and communities. There’s a lot of information out there about different forms of federal assistance, and a lot of confusion about the U.S. Small Business Administration’s role in helping homeowners, renters and businesses recover. The SBA is committed to the long-term recovery of the people and businesses affected by Hurricane Sandy. Don’t let...
by Stephen Morris, SBA Official on 11/29/2012 - 13:26
A month after Hurricane Sandy devastated the East Coast, homeowners, renters and businesses are dealing with the challenging task of rebuilding their homes, businesses and communities. There’s a lot of information out there about different forms of federal assistance, and a lot of confusion about the U.S. Small Business Administration’s role in helping homeowners, renters and businesses recover. The SBA is committed to the long-term recovery of the people and businesses affected by Hurricane Sandy. Don’t let...
by Stephen Morris, SBA Deputy Administrator on 11/29/2012 - 11:48
I’m excited to announce the release of a report by the Interagency Task Force on Veterans Small Business Development called “Heroes on the Homefront: Supporting Veteran Success as Small Business Owners.” This is the second report of its kind where task force members from seven agencies have come together to collaborate on small business issues that are unique to Veteran business owners. The U.S. Small Business Administration (SBA) believes that two of America’s greatest assets are the service of our...
by Stephen Morris, SBA Deputy Administrator on 11/29/2012 - 11:48
I’m excited to announce the release of a report by the Interagency Task Force on Veterans Small Business Development called “Heroes on the Homefront: Supporting Veteran Success as Small Business Owners.” This is the second report of its kind where task force members from seven agencies have come together to collaborate on small business issues that are unique to Veteran business owners. The U.S. Small Business Administration (SBA) believes that two of America’s greatest assets are the service of our...
by Stephen Morris, SBA Deputy Administrator on 11/29/2012 - 11:48
I’m excited to announce the release of a report by the Interagency Task Force on Veterans Small Business Development called “Heroes on the Homefront: Supporting Veteran Success as Small Business Owners.” This is the second report of its kind where task force members from seven agencies have come together to collaborate on small business issues that are unique to Veteran business owners. The U.S. Small Business Administration (SBA) believes that two of America’s greatest assets are the service of our...
by Caron_Beesley, Community Moderator on 12/04/2012 - 11:59
The old adage “time is money” is perhaps one of the most pertinent statements that you can apply to small business owners. Whether you’re starting a business or managing a growing one, entrepreneurs and business owners wear many hats and have many questions: What laws and regulations apply to my business? How do I start to write a business plan? Where can I get help with X, Y and Z? Many of us invariably turn to our networks and the Internet to find answers. But how can you trust that the information you are...
by Caron_Beesley, Community Moderator on 12/04/2012 - 11:59
The old adage “time is money” is perhaps one of the most pertinent statements that you can apply to small business owners. Whether you’re starting a business or managing a growing one, entrepreneurs and business owners wear many hats and have many questions: What laws and regulations apply to my business? How do I start to write a business plan? Where can I get help with X, Y and Z? Many of us invariably turn to our networks and the Internet to find answers. But how can you trust that the information you are...
by Caron_Beesley, Community Moderator on 12/04/2012 - 11:59
The old adage “time is money” is perhaps one of the most pertinent statements that you can apply to small business owners. Whether you’re starting a business or managing a growing one, entrepreneurs and business owners wear many hats and have many questions: What laws and regulations apply to my business? How do I start to write a business plan? Where can I get help with X, Y and Z? Many of us invariably turn to our networks and the Internet to find answers. But how can you trust that the information you are...
by Caron_Beesley, Community Moderator on 12/04/2012 - 11:59
The old adage “time is money” is perhaps one of the most pertinent statements that you can apply to small business owners. Whether you’re starting a business or managing a growing one, entrepreneurs and business owners wear many hats and have many questions: What laws and regulations apply to my business? How do I start to write a business plan? Where can I get help with X, Y and Z? Many of us invariably turn to our networks and the Internet to find answers. But how can you trust that the information you are...
by Caron_Beesley, Community Moderator on 12/04/2012 - 11:59
The old adage “time is money” is perhaps one of the most pertinent statements that you can apply to small business owners. Whether you’re starting a business or managing a growing one, entrepreneurs and business owners wear many hats and have many questions: What laws and regulations apply to my business? How do I start to write a business plan? Where can I get help with X, Y and Z? Many of us invariably turn to our networks and the Internet to find answers. But how can you trust that the information you are...
by Caron_Beesley, Community Moderator on 12/04/2012 - 11:59
The old adage “time is money” is perhaps one of the most pertinent statements that you can apply to small business owners. Whether you’re starting a business or managing a growing one, entrepreneurs and business owners wear many hats and have many questions: What laws and regulations apply to my business? How do I start to write a business plan? Where can I get help with X, Y and Z? Many of us invariably turn to our networks and the Internet to find answers. But how can you trust that the information you are...
by Caron_Beesley, Community Moderator on 11/28/2012 - 07:39
Starting a small business enterprise on eBay, Amazon Webstore, Etsy or even Craig’s List has become an increasingly popular option for entrepreneurs looking to get instant visibility and access to a massive online marketplace. But how do you go about becoming a serious eBay seller and forming a business around your enterprise? At what point does your enterprise become more than just a hobby? Will you need to get a business license, incorporate, and pay sales tax? Here are some answers to these and other common questions...
by Caron_Beesley, Community Moderator on 11/28/2012 - 07:39
Starting a small business enterprise on eBay, Amazon Webstore, Etsy or even Craig’s List has become an increasingly popular option for entrepreneurs looking to get instant visibility and access to a massive online marketplace. But how do you go about becoming a serious eBay seller and forming a business around your enterprise? At what point does your enterprise become more than just a hobby? Will you need to get a business license, incorporate, and pay sales tax? Here are some answers to these and other common questions...
by Caron_Beesley, Community Moderator on 11/28/2012 - 07:39
Starting a small business enterprise on eBay, Amazon Webstore, Etsy or even Craig’s List has become an increasingly popular option for entrepreneurs looking to get instant visibility and access to a massive online marketplace. But how do you go about becoming a serious eBay seller and forming a business around your enterprise? At what point does your enterprise become more than just a hobby? Will you need to get a business license, incorporate, and pay sales tax? Here are some answers to these and other common questions...
by Caron_Beesley, Community Moderator on 11/28/2012 - 07:39
Starting a small business enterprise on eBay, Amazon Webstore, Etsy or even Craig’s List has become an increasingly popular option for entrepreneurs looking to get instant visibility and access to a massive online marketplace. But how do you go about becoming a serious eBay seller and forming a business around your enterprise? At what point does your enterprise become more than just a hobby? Will you need to get a business license, incorporate, and pay sales tax? Here are some answers to these and other common questions...
by kmurray, Contributor on 11/28/2012 - 14:03
On November 11, we took the time out of our day to thank those who serve and protect our nation. However, our nation owes it to them to show them our gratitude every day, and provide them with the support they need after what they have given for us. The men and women of our military sacrifice so much for our freedom, and when they return after years of serving, it is a difficult transition for them and their families starting the next chapter in their lives. The number of veterans early in their careers is on the rise: 74 percent of...
by kmurray, Contributor on 11/28/2012 - 14:03
On November 11, we took the time out of our day to thank those who serve and protect our nation. However, our nation owes it to them to show them our gratitude every day, and provide them with the support they need after what they have given for us. The men and women of our military sacrifice so much for our freedom, and when they return after years of serving, it is a difficult transition for them and their families starting the next chapter in their lives. The number of veterans early in their careers is on the rise: 74 percent of...
by Caron_Beesley, Community Moderator on 11/26/2012 - 07:08
The end of the year is fast approaching, but there’s still time to take advantage of a variety of business tax credits and deductions – some of which are new for 2012. Here are just a few to consider, plus some best practices for maximizing your claims. Take Advantage of 2012 “Section 179” Deduction Limits Under the American Recovery and Reinvestment Act, Section 179 of the tax code provides tax benefits for equipment purchases made before the end of the year. Typically when you purchase an item for your business...
by Caron_Beesley, Community Moderator on 11/26/2012 - 07:08
The end of the year is fast approaching, but there’s still time to take advantage of a variety of business tax credits and deductions – some of which are new for 2012. Here are just a few to consider, plus some best practices for maximizing your claims. Take Advantage of 2012 “Section 179” Deduction Limits Under the American Recovery and Reinvestment Act, Section 179 of the tax code provides tax benefits for equipment purchases made before the end of the year. Typically when you purchase an item for your business...
by Caron_Beesley, Community Moderator on 11/26/2012 - 07:08
The end of the year is fast approaching, but there’s still time to take advantage of a variety of business tax credits and deductions – some of which are new for 2012. Here are just a few to consider, plus some best practices for maximizing your claims. Take Advantage of 2012 “Section 179” Deduction Limits Under the American Recovery and Reinvestment Act, Section 179 of the tax code provides tax benefits for equipment purchases made before the end of the year. Typically when you purchase an item for your business...
by Rieva, Guest Blogger on 11/21/2012 - 10:41
The holiday shopping season is here, and customers are poised to spend more than $586 billion on gifts this year—a 4.1 percent increase over last year. But not all of that action is taking place on Black Friday or Cyber Monday, or at the local mall. For smart small businesses whose products have wide appeal, holiday arts and crafts fairs and local flea markets or other outdoor shopping events are great ways to garner additional sales this time of year. To get started, follow these steps. Check out what events your community and...
by Rieva, Guest Blogger on 11/21/2012 - 10:41
The holiday shopping season is here, and customers are poised to spend more than $586 billion on gifts this year—a 4.1 percent increase over last year. But not all of that action is taking place on Black Friday or Cyber Monday, or at the local mall. For smart small businesses whose products have wide appeal, holiday arts and crafts fairs and local flea markets or other outdoor shopping events are great ways to garner additional sales this time of year. To get started, follow these steps. Check out what events your community and...
by ngoriel, Community Moderator on 01/04/2013 - 18:41
January 2 UPDATE: SBA has extended the deadline for award nominations to January 31, 2013. January 4 UPDATE: SBA has added a new National Small Business Week award, the Small Business Exporter of the Year. For detailed information about eligibility and required documents, please review the nomination guidelines for 2013. Do you know an outstanding small business deserving of recognition? We are now accepting nominations for the 2013 National Small Business Week Awards, including the prestigious Small Business Person of the Year...
by ngoriel, Community Moderator on 01/04/2013 - 18:41
January 2 UPDATE: SBA has extended the deadline for award nominations to January 31, 2013. January 4 UPDATE: SBA has added a new National Small Business Week award, the Small Business Exporter of the Year. For detailed information about eligibility and required documents, please review the nomination guidelines for 2013. Do you know an outstanding small business deserving of recognition? We are now accepting nominations for the 2013 National Small Business Week Awards, including the prestigious Small Business Person of the Year...
by Caron_Beesley, Community Moderator on 11/28/2012 - 15:53
The goal of business is to make a profit. Many small businesses fail at this because they don’t know how to price their products or services, but pricing is the critical element to achieving a profit, a factor that all firms can control. If you’re a startup or are revisiting your pricing strategy, here are some suggestions from industry experts and small business owners to help you get the price right. 1) Understand service costs and their impact on pricing Every service has different costs. Many small service firms fail...
by Caron_Beesley, Community Moderator on 11/28/2012 - 15:53
The goal of business is to make a profit. Many small businesses fail at this because they don’t know how to price their products or services, but pricing is the critical element to achieving a profit, a factor that all firms can control. If you’re a startup or are revisiting your pricing strategy, here are some suggestions from industry experts and small business owners to help you get the price right. 1) Understand service costs and their impact on pricing Every service has different costs. Many small service firms fail...
by Caron_Beesley, Community Moderator on 11/28/2012 - 15:53
The goal of business is to make a profit. Many small businesses fail at this because they don’t know how to price their products or services, but pricing is the critical element to achieving a profit, a factor that all firms can control. If you’re a startup or are revisiting your pricing strategy, here are some suggestions from industry experts and small business owners to help you get the price right. 1) Understand service costs and their impact on pricing Every service has different costs. Many small service firms fail...
by ngoriel, SBA Administrator on 11/20/2012 - 19:55
In between the Black Friday sales and the Cyber Monday deals is Small Business Saturday (November 24th) – a day set aside to support the small businesses that play a vital role in creating jobs and economic opportunities all across the country. Small businesses are the back bone of our communities. And when we shop small, we not only get great products and services, but we support our neighbors and strengthen our local economies. Over the last two decades, small and new businesses have been responsible for creating two out of every three...
by ngoriel, SBA Administrator on 11/20/2012 - 19:55
In between the Black Friday sales and the Cyber Monday deals is Small Business Saturday (November 24th) – a day set aside to support the small businesses that play a vital role in creating jobs and economic opportunities all across the country. Small businesses are the back bone of our communities. And when we shop small, we not only get great products and services, but we support our neighbors and strengthen our local economies. Over the last two decades, small and new businesses have been responsible for creating two out of every three...
by ngoriel, SBA Administrator on 11/20/2012 - 19:55
In between the Black Friday sales and the Cyber Monday deals is Small Business Saturday (November 24th) – a day set aside to support the small businesses that play a vital role in creating jobs and economic opportunities all across the country. Small businesses are the back bone of our communities. And when we shop small, we not only get great products and services, but we support our neighbors and strengthen our local economies. Over the last two decades, small and new businesses have been responsible for creating two out of every three...
by Stephen Morris, SBA Official on 11/15/2012 - 23:33
This week marks the 5th Annual Global Entrepreneurship Week. In our increasingly interconnected global economy, it’s important for American small businesses to have the tools to compete on the world stage. Ninety six percent of the world’s population lives outside of the United States, which represents a huge portion of the world’s buying power. That’s why President Obama set a goal to double exports by 2015. Here at the SBA, and across the Administration, we’ve made it a top...
by Stephen Morris, SBA Official on 11/15/2012 - 23:33
This week marks the 5th Annual Global Entrepreneurship Week. In our increasingly interconnected global economy, it’s important for American small businesses to have the tools to compete on the world stage. Ninety six percent of the world’s population lives outside of the United States, which represents a huge portion of the world’s buying power. That’s why President Obama set a goal to double exports by 2015. Here at the SBA, and across the Administration, we’ve made it a top...
by Stephen Morris, SBA Official on 11/15/2012 - 23:33
This week marks the 5th Annual Global Entrepreneurship Week. In our increasingly interconnected global economy, it’s important for American small businesses to have the tools to compete on the world stage. Ninety six percent of the world’s population lives outside of the United States, which represents a huge portion of the world’s buying power. That’s why President Obama set a goal to double exports by 2015. Here at the SBA, and across the Administration, we’ve made it a top...
by kmurray, Guest Blogger on 11/23/2012 - 23:33
One of the benefits to building a creditworthy company is that lenders, creditors and suppliers will determine the level of credit risk based on the company’s creditworthiness rather than that of the owners. However, there are instances where a lender will require a personal credit check as part of the overall risk assessment. In these cases, it is in the best interest of you, the business owner, to have a positive credit rating with the consumer credit agencies. If credit scores currently fall below 680, then focus on taking positive...
by kmurray, Guest Blogger on 11/23/2012 - 23:33
One of the benefits to building a creditworthy company is that lenders, creditors and suppliers will determine the level of credit risk based on the company’s creditworthiness rather than that of the owners. However, there are instances where a lender will require a personal credit check as part of the overall risk assessment. In these cases, it is in the best interest of you, the business owner, to have a positive credit rating with the consumer credit agencies. If credit scores currently fall below 680, then focus on taking positive...
by kmurray, Guest Blogger on 11/23/2012 - 23:33
One of the benefits to building a creditworthy company is that lenders, creditors and suppliers will determine the level of credit risk based on the company’s creditworthiness rather than that of the owners. However, there are instances where a lender will require a personal credit check as part of the overall risk assessment. In these cases, it is in the best interest of you, the business owner, to have a positive credit rating with the consumer credit agencies. If credit scores currently fall below 680, then focus on taking positive...
by ngoriel, SBA Official on 11/15/2012 - 14:08
This week marks the celebration of Global Entrepreneurship Week (GEW), an annual initiative taking place around the world with more than 35,000 events in 135 countries. The events recognize the economic and social contributions of innovative entrepreneurs and bring an unparalleled level of inspiration to those considering a path of entrepreneurship. As GEW inspires the next generation of entrepreneurs, we here at SBA share an equal commitment to help small businesses to start, grow and create jobs. Entrepreneurs learn quickly that...
by ngoriel, SBA Official on 11/15/2012 - 14:08
This week marks the celebration of Global Entrepreneurship Week (GEW), an annual initiative taking place around the world with more than 35,000 events in 135 countries. The events recognize the economic and social contributions of innovative entrepreneurs and bring an unparalleled level of inspiration to those considering a path of entrepreneurship. As GEW inspires the next generation of entrepreneurs, we here at SBA share an equal commitment to help small businesses to start, grow and create jobs. Entrepreneurs learn quickly that...
by ngoriel, SBA Official on 11/15/2012 - 14:08
This week marks the celebration of Global Entrepreneurship Week (GEW), an annual initiative taking place around the world with more than 35,000 events in 135 countries. The events recognize the economic and social contributions of innovative entrepreneurs and bring an unparalleled level of inspiration to those considering a path of entrepreneurship. As GEW inspires the next generation of entrepreneurs, we here at SBA share an equal commitment to help small businesses to start, grow and create jobs. Entrepreneurs learn quickly that...
by ngoriel, SBA Official on 11/15/2012 - 14:08
This week marks the celebration of Global Entrepreneurship Week (GEW), an annual initiative taking place around the world with more than 35,000 events in 135 countries. The events recognize the economic and social contributions of innovative entrepreneurs and bring an unparalleled level of inspiration to those considering a path of entrepreneurship. As GEW inspires the next generation of entrepreneurs, we here at SBA share an equal commitment to help small businesses to start, grow and create jobs. Entrepreneurs learn quickly that...
by Caron_Beesley, Community Moderator on 11/15/2012 - 17:32
Ever emailed or called a company’s customer service department and got no response or a poor response to your comments? Did you instead post a rant on Twitter or Facebook until you got a response? You’re not alone – more and more customers are expecting brands to step up and respond to these posts. According to a recent report by Gartner, by 2014, organizations that refuse to communicate with customers by social media will face the same level of wrath as those that ignore today's basic demand that they respond to emails...
by Caron_Beesley, Community Moderator on 11/15/2012 - 17:32
Ever emailed or called a company’s customer service department and got no response or a poor response to your comments? Did you instead post a rant on Twitter or Facebook until you got a response? You’re not alone – more and more customers are expecting brands to step up and respond to these posts. According to a recent report by Gartner, by 2014, organizations that refuse to communicate with customers by social media will face the same level of wrath as those that ignore today's basic demand that they respond to emails...
by Caron_Beesley, Community Moderator on 11/15/2012 - 17:32
Ever emailed or called a company’s customer service department and got no response or a poor response to your comments? Did you instead post a rant on Twitter or Facebook until you got a response? You’re not alone – more and more customers are expecting brands to step up and respond to these posts. According to a recent report by Gartner, by 2014, organizations that refuse to communicate with customers by social media will face the same level of wrath as those that ignore today's basic demand that they respond to emails...
by Caron_Beesley, Community Moderator on 11/14/2012 - 07:22
Do your employees drive commercial motor vehicles (CMVs) as part of your business operations? If they do, it’s important that you and they know about stringent regulations that went into effect nationwide in early 2012, restricting the use of handheld cellular phones while driving. The U.S. Department of Transportation ruling restricts CMV drivers from the following: Making a call while holding a cell phone Dialing a cell phone using more than one button It would have banned reaching for a cell phone in an unsafe manner, but...
by Caron_Beesley, Community Moderator on 11/14/2012 - 07:22
Do your employees drive commercial motor vehicles (CMVs) as part of your business operations? If they do, it’s important that you and they know about stringent regulations that went into effect nationwide in early 2012, restricting the use of handheld cellular phones while driving. The U.S. Department of Transportation ruling restricts CMV drivers from the following: Making a call while holding a cell phone Dialing a cell phone using more than one button It would have banned reaching for a cell phone in an unsafe manner, but...
by Stephen Morris, SBA Official on 11/14/2012 - 13:19
Global Entrepreneurship Week is an opportunity to celebrate innovative entrepreneurs and small business owners. In the U.S. alone there are 28 million small business owners and they create two out of every three new jobs in America. But, there are so many more people with the entrepreneurial spirit and I have the great fortune of meeting many of them through my travels. Global Entrepreneurship Week is a time to ensure America’s budding small business owners have more tools to help them turn their passion into business or turn that great...
by Stephen Morris, SBA Official on 11/14/2012 - 13:19
Global Entrepreneurship Week is an opportunity to celebrate innovative entrepreneurs and small business owners. In the U.S. alone there are 28 million small business owners and they create two out of every three new jobs in America. But, there are so many more people with the entrepreneurial spirit and I have the great fortune of meeting many of them through my travels. Global Entrepreneurship Week is a time to ensure America’s budding small business owners have more tools to help them turn their passion into business or turn that great...
by Stephen Morris, SBA Official on 11/14/2012 - 13:19
Global Entrepreneurship Week is an opportunity to celebrate innovative entrepreneurs and small business owners. In the U.S. alone there are 28 million small business owners and they create two out of every three new jobs in America. But, there are so many more people with the entrepreneurial spirit and I have the great fortune of meeting many of them through my travels. Global Entrepreneurship Week is a time to ensure America’s budding small business owners have more tools to help them turn their passion into business or turn that great...
by Caron_Beesley, Community Moderator on 11/13/2012 - 07:18
Do you operate a single “owner” or member limited liability company (LLC)? Thinking of forming a multi-member LLC? Either way, you’re likely to have questions about how your business is, or will be, taxed. Here’s what you need to know. The Basics of Tax Law for LLCs First, it’s important to understand how an LLC is structured according to tax law. Unlike a corporation, LLCs are not taxed as a separate business entity. Instead, all profits and losses "pass through" the business to each member of the LLC....
by Caron_Beesley, Community Moderator on 11/13/2012 - 07:18
Do you operate a single “owner” or member limited liability company (LLC)? Thinking of forming a multi-member LLC? Either way, you’re likely to have questions about how your business is, or will be, taxed. Here’s what you need to know. The Basics of Tax Law for LLCs First, it’s important to understand how an LLC is structured according to tax law. Unlike a corporation, LLCs are not taxed as a separate business entity. Instead, all profits and losses "pass through" the business to each member of the LLC....
by Caron_Beesley, Community Moderator on 11/13/2012 - 07:18
Do you operate a single “owner” or member limited liability company (LLC)? Thinking of forming a multi-member LLC? Either way, you’re likely to have questions about how your business is, or will be, taxed. Here’s what you need to know. The Basics of Tax Law for LLCs First, it’s important to understand how an LLC is structured according to tax law. Unlike a corporation, LLCs are not taxed as a separate business entity. Instead, all profits and losses "pass through" the business to each member of the LLC....
by Stephen Morris, SBA Official on 11/09/2012 - 13:21
Each Veterans Day we honor veterans: those serving to protect us at home and abroad, and those who previously served. America’s service members put themselves in harm’s way to protect our freedoms and safety here in the U.S. As a fellow veteran, I, too, understand the many sacrifices our men and women serving in the military and in the National Guard make daily, whether it’s serving overseas, or serving in a location here in the U.S. For more than 20 years I had the privilege of serving with many of these fine men and...
by Stephen Morris, SBA Official on 11/09/2012 - 13:21
Each Veterans Day we honor veterans: those serving to protect us at home and abroad, and those who previously served. America’s service members put themselves in harm’s way to protect our freedoms and safety here in the U.S. As a fellow veteran, I, too, understand the many sacrifices our men and women serving in the military and in the National Guard make daily, whether it’s serving overseas, or serving in a location here in the U.S. For more than 20 years I had the privilege of serving with many of these fine men and...
by Stephen Morris, SBA Official on 11/09/2012 - 13:21
Each Veterans Day we honor veterans: those serving to protect us at home and abroad, and those who previously served. America’s service members put themselves in harm’s way to protect our freedoms and safety here in the U.S. As a fellow veteran, I, too, understand the many sacrifices our men and women serving in the military and in the National Guard make daily, whether it’s serving overseas, or serving in a location here in the U.S. For more than 20 years I had the privilege of serving with many of these fine men and...
by Stephen Morris, SBA Official on 11/09/2012 - 13:21
Each Veterans Day we honor veterans: those serving to protect us at home and abroad, and those who previously served. America’s service members put themselves in harm’s way to protect our freedoms and safety here in the U.S. As a fellow veteran, I, too, understand the many sacrifices our men and women serving in the military and in the National Guard make daily, whether it’s serving overseas, or serving in a location here in the U.S. For more than 20 years I had the privilege of serving with many of these fine men and...
by Stephen Morris, SBA Official on 11/09/2012 - 13:21
Each Veterans Day we honor veterans: those serving to protect us at home and abroad, and those who previously served. America’s service members put themselves in harm’s way to protect our freedoms and safety here in the U.S. As a fellow veteran, I, too, understand the many sacrifices our men and women serving in the military and in the National Guard make daily, whether it’s serving overseas, or serving in a location here in the U.S. For more than 20 years I had the privilege of serving with many of these fine men and...
by Stephen Morris, SBA Official on 11/09/2012 - 13:21
Each Veterans Day we honor veterans: those serving to protect us at home and abroad, and those who previously served. America’s service members put themselves in harm’s way to protect our freedoms and safety here in the U.S. As a fellow veteran, I, too, understand the many sacrifices our men and women serving in the military and in the National Guard make daily, whether it’s serving overseas, or serving in a location here in the U.S. For more than 20 years I had the privilege of serving with many of these fine men and...
by Stephen Morris, SBA Official on 11/09/2012 - 13:21
Each Veterans Day we honor veterans: those serving to protect us at home and abroad, and those who previously served. America’s service members put themselves in harm’s way to protect our freedoms and safety here in the U.S. As a fellow veteran, I, too, understand the many sacrifices our men and women serving in the military and in the National Guard make daily, whether it’s serving overseas, or serving in a location here in the U.S. For more than 20 years I had the privilege of serving with many of these fine men and...
by smallbiztrends, Guest Blogger on 11/08/2012 - 16:14
Social media, as with anything new, is sometimes misunderstood. People either overinflate or underestimate the value and importance of it. And that’s not the only things they get wrong. Often they misunderstand what it takes to incorporate social media into your marketing. Here are 5 of the biggest social media myths about using social media in marketing: Myth #1 - Social Media is Not Real Marketing If you’re still thinking that social media is a fad and will eventually fade away, I have news for you: I hope you...
by smallbiztrends, Guest Blogger on 11/08/2012 - 16:14
Social media, as with anything new, is sometimes misunderstood. People either overinflate or underestimate the value and importance of it. And that’s not the only things they get wrong. Often they misunderstand what it takes to incorporate social media into your marketing. Here are 5 of the biggest social media myths about using social media in marketing: Myth #1 - Social Media is Not Real Marketing If you’re still thinking that social media is a fad and will eventually fade away, I have news for you: I hope you...
by ngoriel, SBA Official on 11/08/2012 - 13:17
National Native American Heritage Month gives us a chance to reflect on the importance to the national economy of American Indian and Alaska Native populations. Growing up in a small family business in Cherokee, North Carolina, I know first-hand how essential Native-owned small businesses are to our tribes and communities. I have seen how small Native American-owned businesses can shape a community and how tribal citizen entrepreneurs flourish by creating sustainable and lasting jobs. Today, there are nearly 240,000...
by ngoriel, SBA Official on 11/08/2012 - 13:17
National Native American Heritage Month gives us a chance to reflect on the importance to the national economy of American Indian and Alaska Native populations. Growing up in a small family business in Cherokee, North Carolina, I know first-hand how essential Native-owned small businesses are to our tribes and communities. I have seen how small Native American-owned businesses can shape a community and how tribal citizen entrepreneurs flourish by creating sustainable and lasting jobs. Today, there are nearly 240,000...
by ngoriel, SBA Official on 11/08/2012 - 13:17
National Native American Heritage Month gives us a chance to reflect on the importance to the national economy of American Indian and Alaska Native populations. Growing up in a small family business in Cherokee, North Carolina, I know first-hand how essential Native-owned small businesses are to our tribes and communities. I have seen how small Native American-owned businesses can shape a community and how tribal citizen entrepreneurs flourish by creating sustainable and lasting jobs. Today, there are nearly 240,000...
by Caron_Beesley, Community Moderator on 11/08/2012 - 07:46
Autumn and the holidays are the high season for events, from holiday parties and private shopping events to turkey trots and fall festivals. It’s time to consider hosting or sponsoring an event this holiday season as a way to stand out from the crowd during this busy time. But how do you get the best return on your investment? Here are six tips: 1. Sponsor events that matter to your customers If you sponsor an event this season, pick something that matters to your customers. Who attends the event? What are their interests? If they...
by Caron_Beesley, Community Moderator on 11/08/2012 - 07:46
Autumn and the holidays are the high season for events, from holiday parties and private shopping events to turkey trots and fall festivals. It’s time to consider hosting or sponsoring an event this holiday season as a way to stand out from the crowd during this busy time. But how do you get the best return on your investment? Here are six tips: 1. Sponsor events that matter to your customers If you sponsor an event this season, pick something that matters to your customers. Who attends the event? What are their interests? If they...
by Caron_Beesley, Community Moderator on 11/08/2012 - 07:46
Autumn and the holidays are the high season for events, from holiday parties and private shopping events to turkey trots and fall festivals. It’s time to consider hosting or sponsoring an event this holiday season as a way to stand out from the crowd during this busy time. But how do you get the best return on your investment? Here are six tips: 1. Sponsor events that matter to your customers If you sponsor an event this season, pick something that matters to your customers. Who attends the event? What are their interests? If they...
by Stephen Morris, SBA Official on 11/07/2012 - 14:48
Many business owners, homeowners, and renters along the East Coast are coming back to find physical damage to their buildings and property as a result of Hurricane Sandy. In addition, thousands of businesses are dealing with the economic blow caused by power outages, damaged inventory, and lost profits from being closed down. The Small Business Administration stands ready to help. How does SBA help businesses, homeowners and renters recover? Three main ways: 1. Businesses and nonprofit organizations of any size can apply for a low-...
by Stephen Morris, SBA Official on 11/07/2012 - 14:48
Many business owners, homeowners, and renters along the East Coast are coming back to find physical damage to their buildings and property as a result of Hurricane Sandy. In addition, thousands of businesses are dealing with the economic blow caused by power outages, damaged inventory, and lost profits from being closed down. The Small Business Administration stands ready to help. How does SBA help businesses, homeowners and renters recover? Three main ways: 1. Businesses and nonprofit organizations of any size can apply for a low-...
by Stephen Morris, SBA Official on 11/07/2012 - 14:48
Many business owners, homeowners, and renters along the East Coast are coming back to find physical damage to their buildings and property as a result of Hurricane Sandy. In addition, thousands of businesses are dealing with the economic blow caused by power outages, damaged inventory, and lost profits from being closed down. The Small Business Administration stands ready to help. How does SBA help businesses, homeowners and renters recover? Three main ways: 1. Businesses and nonprofit organizations of any size can apply for a low-...
by Caron_Beesley, Community Moderator on 11/07/2012 - 07:48
If you hold patents, have patents pending or are thinking of filing a patent, then it’s time for you to get to know the details of the most significant reform of the U.S. patent system in more than a century. On September 16, 2012, the Leahy-Smith America Invents Act (AIA) of 2011 was signed into law, signaling an historic overhaul of the patent system. According to the U.S. Patent and Trademark Office (USPTO), the provisions of the AIA will “spur innovation and economic growth by streamlining the patent application process and...
by Caron_Beesley, Community Moderator on 11/07/2012 - 07:48
If you hold patents, have patents pending or are thinking of filing a patent, then it’s time for you to get to know the details of the most significant reform of the U.S. patent system in more than a century. On September 16, 2012, the Leahy-Smith America Invents Act (AIA) of 2011 was signed into law, signaling an historic overhaul of the patent system. According to the U.S. Patent and Trademark Office (USPTO), the provisions of the AIA will “spur innovation and economic growth by streamlining the patent application process and...
by Caron_Beesley, Community Moderator on 11/07/2012 - 07:48
If you hold patents, have patents pending or are thinking of filing a patent, then it’s time for you to get to know the details of the most significant reform of the U.S. patent system in more than a century. On September 16, 2012, the Leahy-Smith America Invents Act (AIA) of 2011 was signed into law, signaling an historic overhaul of the patent system. According to the U.S. Patent and Trademark Office (USPTO), the provisions of the AIA will “spur innovation and economic growth by streamlining the patent application process and...
by FranchiseKing, Guest Blogger on 11/06/2012 - 09:00
If you’re searching for the right franchise to buy, it’s important to set some goals. One reason that you’re going to want to have some specific goals set up is this: There are over 3,000 franchise opportunities to choose from! With that many choices, it’s way too easy to get lost and flounder around aimlessly, trying to find that perfect opportunity. My aim is to make the franchise discovery process as seamless as possible. (Actually, it’s my goal.) Goal #1- Budget You need to decide how much you’re willing...
by FranchiseKing, Guest Blogger on 11/06/2012 - 09:00
If you’re searching for the right franchise to buy, it’s important to set some goals. One reason that you’re going to want to have some specific goals set up is this: There are over 3,000 franchise opportunities to choose from! With that many choices, it’s way too easy to get lost and flounder around aimlessly, trying to find that perfect opportunity. My aim is to make the franchise discovery process as seamless as possible. (Actually, it’s my goal.) Goal #1- Budget You need to decide how much you’re willing...
by FranchiseKing, Guest Blogger on 11/06/2012 - 09:00
If you’re searching for the right franchise to buy, it’s important to set some goals. One reason that you’re going to want to have some specific goals set up is this: There are over 3,000 franchise opportunities to choose from! With that many choices, it’s way too easy to get lost and flounder around aimlessly, trying to find that perfect opportunity. My aim is to make the franchise discovery process as seamless as possible. (Actually, it’s my goal.) Goal #1- Budget You need to decide how much you’re willing...
by Caron_Beesley, Community Moderator on 11/06/2012 - 10:19
The average cost of starting a business is $30,000, according to a 2009 study by the Kauffman Foundation. But whether your cash comes from savings or financing, watching how you spend your money is critical to the success of your venture. This means establishing boundaries and habits that ensure you spend your money wisely and operate as a lean start-up. Here are six ways to rein in spending as you start and grow your business: Work from Home, Co-Working Spaces or Serviced Office Space This one may sound obvious, but not all new...
by Caron_Beesley, Community Moderator on 11/06/2012 - 10:19
The average cost of starting a business is $30,000, according to a 2009 study by the Kauffman Foundation. But whether your cash comes from savings or financing, watching how you spend your money is critical to the success of your venture. This means establishing boundaries and habits that ensure you spend your money wisely and operate as a lean start-up. Here are six ways to rein in spending as you start and grow your business: Work from Home, Co-Working Spaces or Serviced Office Space This one may sound obvious, but not all new...
by Caron_Beesley, Community Moderator on 11/06/2012 - 10:19
The average cost of starting a business is $30,000, according to a 2009 study by the Kauffman Foundation. But whether your cash comes from savings or financing, watching how you spend your money is critical to the success of your venture. This means establishing boundaries and habits that ensure you spend your money wisely and operate as a lean start-up. Here are six ways to rein in spending as you start and grow your business: Work from Home, Co-Working Spaces or Serviced Office Space This one may sound obvious, but not all new...
by ngoriel, Community Moderator on 11/02/2012 - 13:15
Microsoft and the U.S. Small Business Administration are teaming up to host a Tweetup for Portland area small business owners and entrepreneurs to learn about business resources in the community. The event is open to mom-and-pops, tech startups, and everything in between - just bring your tweeting (or other social media) skills. In addition to meeting other entrepreneurs in the community, participants will have a chance to hear from SBA’s Sean Greene, Associate Administrator for Innovation & Investment, and...
by ngoriel, Community Moderator on 11/02/2012 - 13:15
Microsoft and the U.S. Small Business Administration are teaming up to host a Tweetup for Portland area small business owners and entrepreneurs to learn about business resources in the community. The event is open to mom-and-pops, tech startups, and everything in between - just bring your tweeting (or other social media) skills. In addition to meeting other entrepreneurs in the community, participants will have a chance to hear from SBA’s Sean Greene, Associate Administrator for Innovation & Investment, and...
by ngoriel, Community Moderator on 11/02/2012 - 13:15
Microsoft and the U.S. Small Business Administration are teaming up to host a Tweetup for Portland area small business owners and entrepreneurs to learn about business resources in the community. The event is open to mom-and-pops, tech startups, and everything in between - just bring your tweeting (or other social media) skills. In addition to meeting other entrepreneurs in the community, participants will have a chance to hear from SBA’s Sean Greene, Associate Administrator for Innovation & Investment, and...
by ngoriel, Community Moderator on 11/02/2012 - 13:15
Microsoft and the U.S. Small Business Administration are teaming up to host a Tweetup for Portland area small business owners and entrepreneurs to learn about business resources in the community. The event is open to mom-and-pops, tech startups, and everything in between - just bring your tweeting (or other social media) skills. In addition to meeting other entrepreneurs in the community, participants will have a chance to hear from SBA’s Sean Greene, Associate Administrator for Innovation & Investment, and...
by ngoriel, Community Moderator on 11/02/2012 - 13:15
Microsoft and the U.S. Small Business Administration are teaming up to host a Tweetup for Portland area small business owners and entrepreneurs to learn about business resources in the community. The event is open to mom-and-pops, tech startups, and everything in between - just bring your tweeting (or other social media) skills. In addition to meeting other entrepreneurs in the community, participants will have a chance to hear from SBA’s Sean Greene, Associate Administrator for Innovation & Investment, and...
by Tim Berry, Guest Blogger on 11/02/2012 - 01:27
Warning: this post is all about the questions. It doesn’t include the answers. Asking the right questions is a good first step to getting the answers. Theoretically we should be able to measure the ROI (return on investment) of anything we do in our business. We talk about ROI, and return, and payback when we look at an ad campaign, direct mail, product development, purchasing some big-ticket item. We make assumptions about ROI all the time. But it’s not always easy, and our assumptions are not always correct. What about social...
by Tim Berry, Guest Blogger on 11/02/2012 - 01:27
Warning: this post is all about the questions. It doesn’t include the answers. Asking the right questions is a good first step to getting the answers. Theoretically we should be able to measure the ROI (return on investment) of anything we do in our business. We talk about ROI, and return, and payback when we look at an ad campaign, direct mail, product development, purchasing some big-ticket item. We make assumptions about ROI all the time. But it’s not always easy, and our assumptions are not always correct. What about social...
by Tim Berry, Guest Blogger on 11/02/2012 - 01:27
Warning: this post is all about the questions. It doesn’t include the answers. Asking the right questions is a good first step to getting the answers. Theoretically we should be able to measure the ROI (return on investment) of anything we do in our business. We talk about ROI, and return, and payback when we look at an ad campaign, direct mail, product development, purchasing some big-ticket item. We make assumptions about ROI all the time. But it’s not always easy, and our assumptions are not always correct. What about social...
by kmurray, Community Moderator on 11/01/2012 - 06:36
Between 2009 and 2011, U.S. exports grew by 40 percent and the federal government is pressing to provide programs and resources that help U.S. companies succeed internationally. Making the decision to export, however, is significant. Is your product marketable overseas? Can your business tolerate the benefits versus the trade-offs of exporting? To help you assess your exporting readiness, take a look at SBA’s Export Business Planner. This invaluable, hands-on exporting guide provides a roadmap for creating an export business plan,...
by kmurray, Community Moderator on 11/01/2012 - 06:36
Between 2009 and 2011, U.S. exports grew by 40 percent and the federal government is pressing to provide programs and resources that help U.S. companies succeed internationally. Making the decision to export, however, is significant. Is your product marketable overseas? Can your business tolerate the benefits versus the trade-offs of exporting? To help you assess your exporting readiness, take a look at SBA’s Export Business Planner. This invaluable, hands-on exporting guide provides a roadmap for creating an export business plan,...
by kmurray, Community Moderator on 11/01/2012 - 06:36
Between 2009 and 2011, U.S. exports grew by 40 percent and the federal government is pressing to provide programs and resources that help U.S. companies succeed internationally. Making the decision to export, however, is significant. Is your product marketable overseas? Can your business tolerate the benefits versus the trade-offs of exporting? To help you assess your exporting readiness, take a look at SBA’s Export Business Planner. This invaluable, hands-on exporting guide provides a roadmap for creating an export business plan,...
by kmurray, Community Moderator on 11/01/2012 - 06:36
Between 2009 and 2011, U.S. exports grew by 40 percent and the federal government is pressing to provide programs and resources that help U.S. companies succeed internationally. Making the decision to export, however, is significant. Is your product marketable overseas? Can your business tolerate the benefits versus the trade-offs of exporting? To help you assess your exporting readiness, take a look at SBA’s Export Business Planner. This invaluable, hands-on exporting guide provides a roadmap for creating an export business plan,...
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by Tim Berry, Guest Blogger on 11/30/2012 - 12:10