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The Bigger Financial Picture – Is it Time to Hire a CFO and Where Should You Look?

Mon, 2013-02-11 07:34

So, your business is growing. While you may or may not have an accountant on hand, what about your bigger financial picture? Is it time to hire a Chief Financial Officer?
More than just a bookkeeper, payroll administrator or keeper of P&L and cash flow statements, a Chief Financial Officer (CFO) can help you plan, model, forecast and make better business decisions. A CFO looks at your business holistically–this includes people, processes and systems–and ensures that together you have accurate financial information to plan for the future.

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Top Ten Reasons SBA is Sweet on Small Business

Fri, 2013-02-08 16:47

It’s February—that time of year filled with candy hearts, boxes of chocolate, and the chance to let the people you love know exactly how you feel.  While Cupid may be busy this Valentine’s day, we at the U.S. Small Business Administration are just as busy making sure that America’s small businesses know how much we care.

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U.S. Recognizes Another Year of Export Growth

Fri, 2013-02-08 14:30

Guest blog post by Francisco Sánchez, Under Secretary of Commerce for
International Trade and Mark Doms, Under Secretary of Commerce for Economic
AffairsLast year was another record-setting year for U.S. exporters.

Data
released today shows that in 2012, American exports totaled $2.2 trillion, eclipsing
the previous record of $2.1 trillion in exports in 2011.

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New Smart Phone App Lets Public Report Rain, Hail, Sleet and Snow to NOAA

Fri, 2013-02-08 12:15

Public reports will aid weather researchIt’s now easier than ever to be a part of the National Oceanic and
Atmospheric Administration’s (NOAA) weather research. The NOAA National Severe Storms Laboratory, in
partnership with the University of Oklahoma, has launched a free app for users
to anonymously report precipitation from their Apple or Android mobile device.

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SBA Celebrates Black History Month

Thu, 2013-02-07 14:30

In February, America celebrates and remembers the important milestones highlighted during Black History Month. Throughout our nation’s history, we have been united and inspired by the uniquely American dream that every person, with hard work and dedication, has the potential to achieve remarkable things.

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Help America’s Businesses by Becoming a Presidential Innovation Fellow

Thu, 2013-02-07 10:15

Guest
blog post by Dennis Alvord, Executive Director of BusinessUSAToday
is a very exciting day for American businesses because the Administration has
just launched Round 2 of the Presidential Innovation Fellows program. 
This high-profile White House-sponsored program brings top innovators,
entrepreneurs, and change agents into government for 6-12
months to develop game-changing
solutions that benefit the American people in all kinds of ways – saving lives,
saving taxpayer money, and helping to fuel job growth. 

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7 Ways to Increase Foot Traffic to Your Small Business

Thu, 2013-02-07 06:31

Late last year, I hosted a web chat with the SBA offering holiday marketing tips and ideas to small business owners. And while many business owners submitted questions relating specifically to the holidays, a large percentage of the questions centered on that age-old question: “How do I get more foot traffic to my store?”
Here are seven tried and tested steps you might want to consider:
1. Start from the outside and look in

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Deputy Secretary Blank Joins President Obama in Honoring National Medal of Technology and Innovation Winners

Wed, 2013-02-06 11:45

Deputy
Secretary Rebecca Blank joined President Barack Obama Friday, February 1 at a
White House ceremony honoring the recipients
of the 2011 National Medals of Science and National Medals of Technology and
Innovation. These medals are presented each year by the President of the
United States.The
Department of Commerce’s United States Patent and Trademark Office (USPTO) administers
the National Medal of
Technology and Innovation honoring those that deliver technologies that are

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Much Higher Surety Bond Guarantee Ceilings Enable Small Businesses to Bid on Larger Contracts and Grow

Wed, 2013-02-06 11:36

A major revision in the U.S. Small Business Administration’s Surety Bond Guarantee (SBG) Program more than triples the eligible contract amount, from $2 million to $6.5 million, the Agency will guarantee on surety bonds for both public and private contracts.

What does this mean for small businesses trying to grow?

 

A Los Angeles subcontractor for example, was looking to take on bigger jobs and grow its business, but needed a much larger bond to bid on and get a contract that was larger than past work it had performed.

 

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Restrictions in Franchising

Wed, 2013-02-06 10:33

If you’re thinking of becoming the owner of a franchise-type of business, there’s something you need to know about franchising…and you may not like it.
Now, what I’m about to share probably won’t be a game-changer if you’re really bent on buying a franchise, but you need to have as much factual information on this business model before you invest in one.
Here goes:
You’re going to have certain restrictions placed on you.

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