When the President challenged the nation to double exports in five years, U.S. government agencies started working more closely together to make it easier for businesses to access foreign market opportunities and for lenders to provide the financing that exporters need.
Under Secretary of Commerce for International Trade Francisco Sánchez announced the nine individuals and organizations that are recipients of the International Trade Administration’s 2012 Peace through Commerce Medal Award.The award recognizes an individual, group, or organization, either domestic or abroad, whose actions have significantly promoted and developed U.S. export initiatives, encouraged innovative approaches, and improved overall U.S.Read More
More than half of all U.S. businesses are based out of an owner’s home, and with this year’s tax season deadlines fast approaching, you may be wondering if your business qualifies for the deduction.
To help business owners understand more about this important deduction, SBA sat down with IRS tax expert, Phyllis Grimes, about what is and what isn’t deductible. This interview is part of a series of short online videos hosted on SBA’s Small Business Learning Center, which offer tips and facts about all aspects of business financing.
Here’s what you need to know.
Have you considered the potential for selling your products or services outside the U.S.? Your local Small Business Development Center (SBDC), an SBA resource partner, can help you get started.
The many international trade services offered by individual SBDCs vary, but most often include:
Product/Service Readiness: Determine if your products or services are suitable for export, and what product adaptations may be required.
Export Readiness: Learn if your company meets the key export readiness factors or, what you need to do to become ready.Read More
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.Guest blog post by Dr. Kathryn D.Read More
As I covered in my pervious blog, How to Get Paid for Your Export Sales, each of the four international methods of payments which include cash-in-advance, letter-of-credit, documentary collections and open account can have an impact on your company’s financing needs when filling overseas orders. Those needs can be broken down into either pre-shipment or post-shipment working capital.
As part of the Executive
Order signed by President Obama last month directing agencies to use
their existing authorities and work with the private sector to better protect
our nation’s power, water, and other critical systems, the Commerce Department
is preparing a report on ways to incentivize companies and organizations to
improve their cybersecurity. To better understand what stakeholders
– such as companies, trade associations, academics and others – believe
would best serve as incentives, the Department has released a series of
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.Spotlight on Commerce: Geovette Washington, Deputy General CounselServing as Deputy General Counsel in the Department of Commerce has been one of the most rewarding and fulfilling experiences in my career. The people with whom I have worked over the last three years are outstanding. The issues I have dealt with are interesting, challenging, and critical to the Department’s work.Read More
There is little doubt that customers respond positively to the attractiveness of your workplace. In addition, it’s been *found that being in a good environment helps to motivate employees and adds to productivity. Improvements to your workspace may be modest or substantial, depending on your needs and your pocketbook. Either way, Uncle Sam can help defray the costs with tax write-offs. Here’s what you need to know.
Got a loyalty card in your wallet?
Small business loyalty programs are a great way of showing customers that they are valued. They encourage return business and help you gather information about your customer demographic. Loyalty programs can also boost your marketing efforts. According to Experian CheetahMail, email campaigns that target loyalty program members are more successful – generating higher open rates, transaction levels and revenue. Even emails that invite prospects to join loyalty programs outperform regular email blasts.