Guest blog post by Dr. Rebecca Blank, Acting Secretary of the U.S. Department of CommerceYesterday, I spoke at the National Veteran Employment Summit
hosted by Monster and Military.com. I announced that Monster has signed
up to participate in the Joining Forces effort to help hire or train 250,000 veterans and military spouses. The companies
participating in Joining Forces know that hiring veterans is not only the right
thing to do, but it’s also good business. America’s veterans have the
Having a business plan is a must for small business owners, but finding the time to put pen to paper often means putting them on hold until the very last minute, such as right before that big meeting with a loan officer or bank manager.
But business planning does not have to be that way.
Every smart entrepreneur and business owner should already have a firm grasp of key information about their business and on what will influence the path they take and decisions they make over the course of 1-3 years.
The definition of fundable is the capability of being funded or being bankable. A company’s fundability is crucial to obtaining the necessary funds needed to operate, develop and grow a business.
Unfortunately, the most common mistake business owners make is applying for financing before their company is even ready.
Why not know in advance if you qualify for funding before actually applying?
Instead of relying on personal credit, why not establish a fundable company that can get the financing it needs based on its own creditworthiness.
Does your product do what your advertising claims it does? Perhaps you’ve invented or imported a product “that will remove even the toughest carpet stain in 10 minutes – guaranteed!” Can you stand behind that claim in a court of law?
Even if you don’t realize that your claims are false, the Federal Trade Commission (FTC) or your state government can take action against you for non-compliance with marketing and advertising laws.
If you’re like most business owners, you are always looking for places to promote your business online. After all, you don’t have the advantage of huge brands that are household names. You have to work at getting visibility. Here is a handy checklist of 12 places to get visibility – make sure you have these covered if they apply to your business:
During the season of giving thanks and giving gifts, charitable giving can make a big difference to those in need and also shine a favorable light on your small business. But what’s the best approach and how do you claim that all-important tax deduction? Here are some tips for developing a charitable giving strategy and claiming the right deduction.
Giving Back is Good for Small Business
As head of The Investment Division of the U.S. Small Business Administration, I am proud to present the results of the Small Business Investment Company Program for Fiscal Year 2012 in our Annual Report . We have achieved record success for a third year in a row, providing the capital small businesses need to fuel their growth and create jobs. This Annual Report reflects our commitment to the continued growth of the SBIC Program.
Two federal agencies have teamed to create the first-ever system for linking accurate assessments of risk from wildland fires to improved building codes, standards and practices that will help communities better resist the threat. The proposed Wildland Urban Interface (WUI) Hazard Scale addresses fires that occur where developed and undeveloped areas meet, and is described in a report released by the U.S. Department of Commerce's National Institute of Standards and Technology (NIST) in collaboration with the U.S. Department of Agriculture's U.S.Read More
Update: The filing deadline for New York is now January 28, 2013.
Update 2: The filing deadline for New Jersey is now January 30, 2013 and the filing deadline for Rhode Island is January 28, 2013.
So far the U.S. Small Business Administration has approved more than $150 million in disaster loans to about 2,500 homeowners, renters and businesses in New York, New Jersey, Connecticut and Rhode Island who are recovering from Hurricane Sandy.
Are you thinking of breaking into the federal government contracting marketplace in 2013? This lucrative market is worth nearly $100 billion in sales to small businesses each year, but selling to the government is quite different than selling to the commercial sector.