Entrepreneurs over the age of 50 are one of the fastest growing groups of new business owners. For age 50+ individuals, also known as encore entrepreneurs, starting a small business offers an opportunity to use your knowledge and experience gained during your career toward creating a new business that can be rewarding in many ways.
Cash flow is the lifeblood of a business and critical in its growth. Small businesses are hugely dependent on their cash flow, and must either cut costs or scramble to find alternative funding when they are not being paid on time. With money tight and bank loans hard to get, a cash-strapped company can easily be pushed to the brink.
Getting approved for a line of credit with a supplier is simply an opportunity for you to start building your company’s creditworthiness. The key to establishing positive credit is to make regular purchases using your vendor credit lines, and then paying invoices on or ahead of the due date.
The U.S. Department of Commerce announced the winners of the
U.S. Patent and Trademark Office’s (USPTO) Patents for Humanity pilot program
during an awards ceremony on Capitol Hill supported by the Ewing Marion
Kauffman Foundation. Launched by the USPTO in February
2012 as part of an Obama administration
initiative promoting game-changing innovations to solve long-standing
development challenges, Patents for Humanity is a competition recognizing
patent owners and licensees who address global challenges in health and
standards of living.
Have you ever wondered how you can get your businesses’ products stocked on the shelves of a large retailer?
It does happen, and it’s refreshing to see. For example, my local supermarket makes a point of stocking locally grown produce front and center as soon as you walk in the store, while other stores make a point of promoting the latest gadgets from small business inventors.
The truth is, retail buyers are always on the lookout for products that will appeal to their customers and complement their brand, but how do you find them and pitch your wares? Here are four tips!
U.S. Deputy Secretary of Commerce Rebecca Blank today released the
Department of Commerce’s fiscal year 2014 budget request,
which supports President Obama’s plan for an economy built to last with crucial
investments in advanced manufacturing, innovation, trade promotion and
enforcement, and research and development. These investments are designed to
help grow the economy, create jobs and strengthen the middle class. The $8.6
billion budget request is an increase of $1 billion over the fiscal year 2012
Guest blog post by Mark Doms, Under Secretary of Commerce for Economic AffairsI have the pleasure of meeting frequently with business owners
from across the country. They talk about
where their challenges are in growing and sustaining their businesses, and they
also talk about how locating production abroad hasn’t always turned out as well
as they had hoped. Not surprisingly,
during our current economic recovery and expansion, news reports and private
consultants have repeatedly echoed that thinking. Increasingly we hear that U.S. companies that
Today, U.S. Deputy Secretary of Commerce Rebecca Blank
presented four U.S. organizations with the Malcolm Baldrige National Quality
Award, the nation’s highest Presidential honor for organizational performance
excellence and innovation. The recipients of the award, which is commemorating
its 25th anniversary, will share their best practices as part of a
national effort to improve America’s performance and competitive standing in
One of the ways in which the Affordable Care Act helps bring down costs for small employers is through the tax credit available to eligible small businesses that provide health care insurance to their employees. The credit significantly offsets the cost of providing insurance and with the 2012 tax filing deadline fast approaching, you don’t want to let this valuable tax break pass you by. Here’s what you need to know about eligibility and how to claim the credit:
What is the Small Business Health Care Tax Credit?
Small businesses are the backbone of our communities. And, in an economy where small businesses create two-thirds of jobs, owners and employees deserve a health insurance market with fairer prices, better choices, and greater certainty. With the implementation of the Affordable Care Act, that market is on its way.
In recent years, the number one concern for millions of small business owners has been health care. Because they had less bargaining power, small businesses paid an average of 18% more for the same health insurance plan offered to their bigger competitors.