Over 50 and thinking of starting your own business? Looking for real-world, actionable information to start your own business?
Entrepreneurs over the age of 50 are one of the fastest growing groups of new business owners. Perhaps you are looking to turn a hobby into a business and finally have the resources to do so. Or you want the flexibility or supplemental income that running a business or being your own boss affords. With a lifetime of experience, skills and connections under your belt, why not?
Making it Happen
If you’re a growing small business and need help, there are a number of non-employee options available to help you staff your business (explained here), but if you do choose to move forward with part- or full-time employees, what should you pay them?
The general rule of thumb is to pay a salary based on experience, location and the available talent pool. But how do you bring all these factors together and come up with a number that potential candidates will find attractive (and you can afford)?
Mexico City, Secretary Penny Pritzker co-chaired the U.S.-Mexico High Level
Economic Dialogue (HLED) along with her colleagues from the U.S. Department of
State, Office of the U.S. Trade Representative and their Mexican
counterparts. The goal of the HLED is to advance strategic economic and
commercial priorities central to promoting mutual economic growth, job
creation, and global competitiveness.
Two years ago, Vice President Biden and former U.S. Small Business Administration (SBA) Administrator Karen Mills announced that 13 of the nation’s largest banks had committed to collectively increase lending for small businesses by $20 billion over the course of a three-year commitment.
Cross-post from Random Samplings, the official blog of the U.S. Census BureauThe following blog was written by James B. TreatThe American Community Survey statistics released today provide information for geographies with populations of 65,000 or more on many different topics, including income, poverty and health insurance.Read More
This afternoon, Secretary Penny Pritzker attended Senator Jack Reed’s Rhode Island Business Leaders Day to affirm that Rhode Island, and America as a whole, are open for business. She noted the role that the Department of the Commerce is playing in helping to fortify the state’s economy by strengthening manufacturing, increasing exports, and making critical infrastructure and economic development investments.Through the local United States Export Assistance Center, the Department of Commerce is promoting Rhode Island’s exports. Nationwide, U.S.Read More
The U.S. Department of Commerce's National Institute of
Standards and Technology (NIST) announced more than $7 million in grants to
support the National Strategy for Trusted Identities in
Cyberspace (NSTIC). The funding will enable five U.S. organizations to
develop pilot identity protection and verification systems that offer consumers
more privacy, security and convenience online.
These new pilots build on the successful launch of five NSTIC
pilots awarded in 2012. Launched
One of the most important decisions you can make as a business owner, a marketer, an accountant and a business strategist is determining a price for your product or service. The price you choose to set communicates value, market position and customer expectations. From a backend perspective, it also determines the ever-important potential of profit.
This month, the U.S. Small Business Administration (SBA) recognizes the vital contribution of Hispanic American small business owners to our economy as we observe and celebrate National Hispanic Heritage Month. We know that America’s 28 million small businesses are the engine of job creation in our country, and minority-owned businesses are one of the fastest-growing segments of new businesses in today’s economy.
More than 250,000 service members transition each year from the military to civilian life. These men and women are proven leaders and they have the skills and experience needed to be outstanding business leaders. And the figures prove it – one in seven veterans are self-employed or small business owners, and about one quarter of veterans say they are interested in starting or buying their own business.
If this sounds like you, there are a number of exciting resources and programs that can help you start and grow your business.