Being the Chief Everything Officer is okay for some, but if you’ve got plans for growth or simply need an extra pair of hands, what are the best staffing options for your business?
Taking on full-time employees can be a risk. What if your growth strategy doesn’t go as planned and you’re left with payroll and other employee expenses to cover? Should you hire independent contractors or outsource key functions?
Here are some staffing options that you might want to consider, as well as some insights on the tax and legal ramifications of each.
Note: This post is part of the Spotlight on Commerce series, which highlights
members of the Department of Commerce who are contributing to the president's
vision of an America Built to Last.At the Commerce Department, I have the privilege to serve as
Secretary Bryson's senior policy adviser on energy and environment issues.
Guest blog post by Matt
Erskine, Acting Assistant Secretary of Commerce for Economic Development, and Dr. Patrick Gallagher, Director of the
National Institute of Standards and Technology
When a friend or family member asks what you do to help small businesses, what do you say?
I tell that them that SBA is the small and friendly federal agency that is tasked with this big mission: to help businesses start, grow and prosper. SBA does this through delivery of capital, contracting, and counseling assistance programs. If their eyes begin to gloss over, I then simply mention a well-known, local small business that received SBA assistance, and the light seems to suddenly go on for them!
What’s your favorite thing about what the SBA does for small businesses?
Implementation of the America
Invents Act--the most significant overhaul to U.S. patent law in more than a
century--beyond our borders is an essential response to an evolving
intellectual property terrain impacting our global economy. It is a terrain
being shaped by cross-disciplinary technologies—from computers to mobile phones
to life-saving drugs—that are a growing part of everyday
life. And that terrain continues to be shaped by our key trading partners
around the world, including China.
Looking for capital to start or grow your business? Sometimes, even with a solid idea and business plan, finding third party financing can be a challenge for many small business owners.
So where are startups and growing businesses finding the funds they need?
According to a Kauffman Firm Survey, one-third of young firms do not use capital injections. Instead, they rely on owner investment or nonbank sources of funds, with the most frequently used source of startup dollars being owners’ and relatives’ savings (source).
If you are in the military, a veteran, or military spouse and either own or are thinking about starting a business, consider joining a credit union for military entrepreneurs to service your company’s banking needs.
Military credit unions offer tremendous benefits for small business owners and because they are member-owned, they always act in your best interest.
The good news is this: once you are a member, you are always a member. You can leave the military, change employers, move, retire, and get married— and never have to leave the credit union.
Guest blog post by Melissa Chiu, Chief of the Industry and Occupation Statistics Branch, U.S. Census BureauAs we honor those soldiers who have given their lives to their country this Memorial Day, we can also take the opportunity to better understand America’s veterans. The American Community Survey provides a profile of our 21.8 million veterans.So, who are our veterans in America? U.S. veterans are made up of every gender, race, ethnicity and almost every age group.Read More
Rhett Jeppson is the Associate Administrator for Veterans Business Development
On Memorial Day, we pause to remember the brave men and women of our Armed Services who have given the ultimate sacrifice for their country in war and conflict.
On May 24-25, U.S. Commerce Secretary John Bryson visited Berlin, Germany–the final stop on his European trip this week–to meet with senior business and government leaders and to address a major conference on trans-Atlantic trade. The Secretary delivered remarks on the importance of trans-Atlantic trade and a strong bilateral investment relationship between the United States and Germany. He also highlighted Germany's vocational training system, which he witnessed first-hand earlier in the week, as an important model for the United States.