Guest blog post by Matt Erskine, Acting
Assistant Secretary of Commerce for Economic Development
Ed. Note: This is cross-posted from the Bureau of Economic Analysis's blog. It highlights the coordination and collaboration between BEA and NOAA to bring value in data and services to the American public.How many jobs are created from the construction of a new bridge or an increase in tourism?
The Bureau of Economic Analysis’ (BEA) new Web portal on the ocean
and Great Lakes economy shows how the Bureau’s Regional Input-Output
Modeling System (RIMS II) can be used to provide answers to such
Small businesses and big brands have used a variety of ways to grow their networks on sites like Facebook. Using images and videos to engage followers, running contests, offering discounts in exchange for Liking a page and engaging in active discussion are all some ways that businesses have built their followings on Facebook.
Unfortunately, not all strategies are worthwhile or even permitted.
Does your business ebb and flow with the seasons? Looking to hire extra staff for the up and coming holiday season, or find that you wished you’d hired temporary workers this past summer? Whatever your plans, hiring seasonal workers involves following a few rules of the road. Many of the laws and regulations that apply to full-time employees also apply to seasonal or part-time employees.
Here’s what you need to know as you plan your seasonal workforce:
Labor Laws Still Apply
NOAA partners with California to offer training and employment in habitat restoration; space still available for veterans to applyVeterans will get a chance to train and work on habitat restoration and fisheries monitoring through a project funded by NOAA and administered in partnership with the California Conservation Corps and California’s Department of Fish and Game.During the yearlong program of paid training and hands-on experience, veterans will spend part of the time on habitat restoration and will also receive training and experience in firefighting and reducing fire hazards. “ThisRead More
The Department of Commerce's National Institute of Standards and Technology (NIST) has awarded nearly $2 million in Small Business Innovation Research (SBIR) awards to 12 U.S. businesses. These awards provide funding to help companies develop technologies that could lead to commercial and public benefit."We are delighted by the high quality of SBIR proposals we received, and congratulate all the awardees," said Phillip Singerman, associate director for innovation and industry services at NIST.Read More
Got a great idea for a business? Wondering if you can patent it before someone else comes up with something similar?
Technically, you can’t patent an idea for a business – for example, if you have a unique idea for an online store or a new chain of themed restaurants. However, you may be able to protect and patent a method of doing business – if it meets very specific criteria and requirements.
Here’s what you need to know about what patent protection can do for your business, and about other intellectual property issues that should also come into play.
If you’re thinking about becoming your own boss, and the business model of franchising sounds attractive, there are several things you need to do before you even look at a franchise business opportunity.
Even though you probably can’t wait to jump in that nice, warm franchise opportunity pool, I want you to force yourself to hold back. Read my tips below first; they’ll help you prepare for your jump.
1. Talk To Your Family
If you’re a freelancer, independent contractor or consultant, scaling your business can be a challenge. After all, it’s just you. Business development and finding new clients takes time and effort, and there’s no guarantee you’ll secure the rate, volume of work or long-term relationship you need to sustain your business.
For many freelancers, success and more income come from nurturing and deepening relationships they already have. Here are some ways you can do this:
1. Make Yourself Indispensable
The SBA is working hard to make sure small business owners and entrepreneurs have the access to capital they need to start and grow their businesses. This resulted in a record lending year in 2011, where we supported $30 billion in loans to over 60,000 small businesses. And while we’ve made great progress, we know there is more work to be done. One area we are focused on is opening the doors of entrepreneurship to more communities and demographics.