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Start-up accelerator programs are popping up all over the country offering industry-focused programs and support for a variety of business owners. Although traditionally focused on high-tech businesses, accelerators now serve a variety of entrepreneurial needs, including those of women, through programs that facilitate mentoring and education, access to investors, and networking opportunities.
The importance of privately owned businesses plays a significant role in economic development in our Native American communities. That is why SBA provides tools to encourage our Native American entrepreneurs to build sustainable businesses that create jobs and grow economies. I am very excited to announce the Native American Communities Entrepreneurial Empowerment Outreach Training targeted to our American Indian, Alaska Native and Native Hawaiians communities.
Sometimes, the best-laid plans don’t pan out.
Take business ownership, for instance. Think about how many businesses are started and closed in the US every year. Not every business makes it. But, every small business owner wants to make it. Why else would someone risk their money, and commit the time and energy needed to be their own boss?
Working For Yourself
If you run an online or retail business, did you know that you might be prohibited from advertising a manufacturer’s products below a certain minimum price?
Minimum advertised pricing (MAP) policies are particularly critical to manufacturers who sell their products for online resale, given the ease at which consumers can now conduct online and mobile price comparisons. MAP policies are also established to help small businesses compete and sell on service and value, rather than entering into a price war with cost-cutting big box stores.
When a friend or family member asks what you do to help small businesses, what do you say?
I say that I am responsible for reinforcing SBA’s presence in the community, so that others may realize their dreams of financial independence, of starting a business of their own, of creating jobs and providing for thousands of families. The SBA has the most extraordinary mission – one I will always support.
What’s your favorite thing about what the SBA does for small businesses?
As the tax filing deadline approaches, we know that many small business owners are looking for ways to save money as they prepare to file their tax returns. Although the Affordable Care Act does not require that businesses provide health insurance, it does offer tax credits for eligible small businesses that choose to provide insurance to their employees for the first time, or maintain the coverage they already have.
Does My Business Qualify for the Health Care Tax Credit?
Interested in buying a business overseas? Whether you’re looking to expand into new markets or are just planning on funding your retirement plans outside the U.S., there are a number of steps you should take to ensure your new venture goes smoothly. Everything from business practices; legal and regulatory requirements; navigating an international sale deal; and language and cultural differences will come into play.
Here are some considerations and issues to bear in mind as you go about buying a business in a foreign country.
Language
Looking for ways to become a supplier to a larger company?
A recent study showed that after a small supplier lands a big purchase order or a contract from a bigger company, the small company’s revenues go up 250 percent and they create about 150 percent more jobs in just two or three years. This is a great opportunity both for small business and for the economy.
But how can a small business go about landing a contract to be part of this lucrative business growth opportunity? Here are some tips, tools and resources that can help you get there.
The SBA uses a number of definitions for “small business,” depending on the industry. So, too, does the tax law, which has various definitions of “small business” for different tax breaks. These definitions are based on employees, revenues, expenditures and assets. Confusing? You bet! Here’s a list to help you.
Employee-based definitions