In FY 2012, the federal government made real progress toward delivering 23 percent of all federal contracting dollars to small businesses, with 22.25 percent going to small businesses compared to 21.65 percent in FY 2011. We also made significant impact in several key areas of small business contracting, including exceeding the goal for service disabled veterans for the first time and delivering the highest percentage of contracts to small disadvantaged businesses to date. In addition, more agencies than ever before reached or surpassed all of their prime contracting goals.
If you missed out on National Small Business Week (June 17-21), you are in luck. We’re keeping the conversation alive via a Twitter Q&A on July 9 at 2 p.m. ET. How small businesses can break into supply chains was among one of the more popular topics covered this year. So during this Twitter Q&A, we will be taking your questions about how small businesses can sell their products or services to larger companies.
Twitter Q&A- How to Break Into a Supply Chain
July 9 | 2 p.m. ET
Eight years ago, a Turkish immigrant living in upstate New York saw an ad for a shuttered yogurt plant not far from his home. Where others saw an outdated, old factory, he saw an opportunity and a burgeoning business plan. He purchased the facility using a U.S. Small Business Administration-backed loan, hired five of the employees from the original operation and went to work.
Through hard work, perseverance, long days and sleepless nights, he steadily grew the business into one of the world’s most successful yogurt companies.
Today, there are more than 1.4 million LGBT-owned small businesses in the United States. These businesses play an important role in our economy and our communities.
At the U.S. Small Business Administration (SBA), we are working with the LGBT community to spur entrepreneurial activity and to ensure that more LGBT entrepreneurs have the tools and the resources they need to grow successful small businesses and create good jobs.
With just about half of the year already in the books, now is the ideal time to take stock of your business activities year-to-date. This will enable you to take wise tax actions that will pay off on your tax bill when you file your 2013 income tax return next year.
What to look for in your books
Determine whether you’ve been profitable so far, and whether your numbers meet, exceed, or fall short of your estimates at the start of the year. Also, face up to losses that you may have experienced to date. If your analysis shows: