Eight years ago, a Turkish immigrant living in upstate New York saw an ad for a shuttered yogurt plant not far from his home. Where others saw an outdated, old factory, he saw an opportunity and a burgeoning business plan. He purchased the facility using a U.S. Small Business Administration-backed loan, hired five of the employees from the original operation and went to work.
Through hard work, perseverance, long days and sleepless nights, he steadily grew the business into one of the world’s most successful yogurt companies.
Ed. note: This post is part of the Spotlight on Commerce series highlighting members of the Department of Commerce and their contributions to an Economy Built to Last.Guest blog post by Frederick Steckler, Chief Administrative Officer, U.S. Patent and Trademark OfficeAs the Chief Administrative Officer for the U.S.Read More
Penny Pritzker was sworn in yesterday as the nation’s 38th Commerce Secretary. As a key member of President Obama’s economic team, Secretary Pritzker will lead the U.S. Department of Commerce in carrying out the important work that gives entrepreneurs and businesses the tools they need to create jobs and keep the American economy growing, two of the administration’s highest priorities.Read More
What do the states of Montana,
Vermont, New Mexico, Alaska, and Mississippi have in common? They are, according
to a report published this spring by the Kauffman Foundation, Index
of Entrepreneurial Activity, 1996–2012, the states that posted the highest
rates of entrepreneurial activity in 2012.
According to the Kauffman
Today, there are more than 1.4 million LGBT-owned small businesses in the United States. These businesses play an important role in our economy and our communities.
At the U.S. Small Business Administration (SBA), we are working with the LGBT community to spur entrepreneurial activity and to ensure that more LGBT entrepreneurs have the tools and the resources they need to grow successful small businesses and create good jobs.
Ed. note: This post is part of the Spotlight
on Commerce series highlighting members of the
Department of Commerce and their contributions to an Economy Built to Last.Guest blog post by Ronald Lorentzen, Deputy
Assistant Secretary for Import Administration, International Trade
AdministrationAs the career official responsible for the day-to-day
management of Import Administration, I perform many
roles: making the budgetary ends meet;
acting as policy adviser plenipotentiary; being an “executive sponsor” of
With just about half of the year already in the books, now is the ideal time to take stock of your business activities year-to-date. This will enable you to take wise tax actions that will pay off on your tax bill when you file your 2013 income tax return next year.
What to look for in your books
Determine whether you’ve been profitable so far, and whether your numbers meet, exceed, or fall short of your estimates at the start of the year. Also, face up to losses that you may have experienced to date. If your analysis shows:
When the President challenged the nation to double exports in five years, U.S. government agencies worked closely together to increase access to export financing and foreign market opportunities.
I worked for several years with a consulting firm called Creative Strategies. The name always struck me as ironic. In real business, from what I’ve seen, the best strategies aren’t creative. Instead, they’re obvious. Do what you do best – what makes you different from the others – and do it for the people who want it or need it. Find a successful business and its strategy seems obvious. Still, maybe what seems obvious after the fact wasn’t obvious beforehand.
Note: This blog first appeared at Healthcare.gov on June 21, 2013.
Health insurance is changing in important ways in 2014. We’ve updated HealthCare.gov to help you get ready for those changes, especially one of the most important: the opening of the new Health Insurance Marketplace.