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How to Break Through 5 Common Barriers to Small Business Growth

Thu, 2013-02-21 07:37

Trying to grow your business, but thwarted at every turn by problems within your own organization or by external factors such as broken supply chains?
For many businesses, the biggest obstacle to growth isn’t poor sales, financing or tough competition; it’s often the business itself!
So, if you find yourself operationally ill prepared to grow, what can you do about it? Here are some strategies that can help you break through some of the common barriers to growth that many small businesses experience.
1. Watch the indicators for growth

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SBA Features New Tools During National Entrepreneurship Week

Wed, 2013-02-20 19:16

In conjunction with National Entrepreneurship Week (Feb 16-23, 2013), SBA is hosting a series of online briefings to discuss “crowdfunding” strategies for entrepreneurs.  The series is comprised of daily webinars Feb 19-21 and a free online briefer to showcase innovative business financing opportunities.

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Myth vs. Fact- Myth #1: All Businesses Will Be Required to Provide Health Insurance to All of Their Employees

Wed, 2013-02-20 16:00

As a business owner, it’s important to understand how the Affordable Care Act can affect your business. However, with so many misconceptions about how the Affordable Care Act works, this can be difficult.  To clarify the myths versus facts, we’re launching a new blog series called “Myth vs. Fact: The Affordable Care Act and Small Business”.
This blog covers one of the most common myths we’ve seen out there: All businesses will be required to provide health insurance to all of their employees.

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Building Exports in the Bluegrass State

Wed, 2013-02-20 12:00

Guest blog post by Francisco Sánchez, Under Secretary of Commerce for International TradeCross-post from the International Trade Administration's blog, Tradeology“We should remember that today’s world presents not just dangers, not just threats—it presents opportunity.” This statement from President Obama’s State of the Union speech confirms the belief that free trade and open markets are a benefit in our globalized world.In Louisville, Ky., this belief is nothing new, as the town has been growing its economy by focusing on exporting to foreign markets.That is why I joined Mayor Greg F

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6 Ways to Market to Penny-Pinching Customers

Tue, 2013-02-19 10:17

The Great Recession technically ended back in 2009, but you wouldn’t know it from the way Americans are spending (and saving) these days. Despite some natural post-election optimism, issues such as rising food and energy prices, Congress’ “fiscal cliff” and debt ceiling struggles, and the rise in the payroll tax mean Americans are still clutching their wallets tight. With many Americans widely feeling that “we’re not out of the woods yet,” how can your small business develop marketing messages that resonate with penny-pinching prospects?

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5 Tips for Successfully Navigating the SBA Loan Application Process

Tue, 2013-02-19 07:26

In the market for a business loan? Heard about SBA loans but not really sure how they work or how to go about applying for one?
The following are common questions that small business owners have about SBA loan programs and the loan application process.
1. How do SBA loans work?
While the SBA does offer numerous loan programs to help small business owners finance their businesses, it doesn’t actually lend businesses the money. Instead, a bank makes the loan, which is backed by the SBA. This allows the bank to take a little more risk than they otherwise might.

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Deputy Secretary Blank Travels to BMW in Spartanburg, SC to Highlight Revitalization of American Manufacturing

Fri, 2013-02-15 16:00

Deputy Secretary of Commerce Rebecca Blank visited BMW
Manufacturing today and delivered remarks on the President’s plan to make
America a magnet for jobs and manufacturing. The Deputy Secretary highlighted
the President’s proposals for a new Investing in Manufacturing Communities
Partnership, the SelectUSA program, and the National Network for Manufacturing
Innovation.  Blank’s visit comes on the heels of President Obama’s State
of the Union Address, in which he outlined a broad agenda for revitalizing U.S.

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Spotlight on Commerce: Antwaun Griffin, Deputy Assistant Secretary for Domestic Operations

Fri, 2013-02-15 11:15

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.

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How a Virtual Office Creates a Professional Corporate Image

Thu, 2013-02-14 15:25

During the initial stages of the business credit building process, I’m sure you have heard about the importance of setting up a commercial office location. A physical location that is zoned for business speaks volumes for your company and its operation.
If you decide to use your home address for your company’s business address, keep in mind that some lenders may not extend credit to a “home-based” business. However, you still have many credit opportunities with a home-based business; so don’t let that stop you.

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Federal Triangle Partnership Hosts Gwendolyn Boyd to Celebrate National Black History Month

Thu, 2013-02-14 15:15

Earlier this week, the Federal Triangle Partnership, consisting of the U.S. Department of Commerce, U.S. Environmental Protection Agency, U.S. Agency for International Development, and U.S. Customs and Border Protection, hosted its annual program commemorating the 2013 National Black/African American History Month. The 2013 national theme is “At the Crossroads of Freedom and Equality: The Emancipation Proclamation and the March on Washington.”The keynote speaker was Ms.

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