Guest blog post by Acting Assistant Secretary Matt Erskine, Economic Development AdministrationToday I joined my colleagues, Under
Secretary of Commerce for Intellectual Property and Director of the United
States Patent and Trademark Office David Kappos and Associate Director for
Innovation and Industry Services at the National Institute of Standards and
Technology Phillip Singerman, at a meeting of the National Advisory Council on
Innovation and Entrepreneurship (NACIE) in New Orleans. The quarterly meeting of
What happens to your business if something happens to you? How can you retire without destroying the business you spent a lifetime to build? Your business may be your largest asset, and deciding what happens to it can impact your retirement income, your family’s wealth, and the life of the company after your departure. Even if you are only just starting out, these questions should be addressed now because the future is uncertain. Here are four ways to dispose of your company when you retire (or when you die).
1. Sell your business
If there is life on other planets, a laser frequency comb developed at Commerce's National Institute of Standards and Technology (NIST) may help find it.Such a comb—a tool for precisely measuring frequencies, or colors, of light—has for the first time been used to calibrate measurements of starlight from stars other than the Sun.
Guest blog post by Commerce Secretary John Bryson
Today marks the two-year anniversary of
the signing of the Executive Order creating the National
Export Initiative (NEI), when President Obama set the ambitious goal
of doubling U.S. exports over five years.
Guest blog post by Francisco Sanchez, Under Secretary of Commerce for International TradeEarlier today – on the second
anniversary of the President’s National Export Initiative – Commerce Secretary
John Bryson announced that the number of American jobs supported by U.S.
exports increased 1.2 million from 2009 to 2011. In total, U.S. exports now
support 9.7 million jobs, serving as a bright spot in our economy, and helping
to fuel our economic recovery. In addition, last year, there were a record $2.1
trillion in U.S. exports. And there is a
Obama first announced the National Export Initiative (NEI) two years ago—with
its goal of doubling U.S. exports by the end of 2014—there may have been some
who wondered what this had to do with domestic economic development. But the
answer is simple: a lot. From the worker in an auto plant owned by a foreign
firm, to the many service businesses across the country selling to overseas
visitors, to the U.S. companies from every sector selling their products and
If you’re a consultant, freelancer or any business that charges by the hour, you are going to have to determine and continuously review your pricing structure. For example, do you charge by the hour? What’s a reasonable rate to ask? Are you better off charging clients on a project basis?
Here are some tips for calculating your hourly and project rates and how to negotiate pricing with your client.
1. Determining Your Worth
Anyone who enjoys police dramas on TV knows that biometrics such as fingerprints and DNA are used to match criminals to crimes. But increasingly, biometrics are being used in public and private arenas to ensure access to computers and buildings, or to authenticate that you are really you when traveling internationally with an e–passport.
Guest blog post by Commerce Secretary John BrysonI had the opportunity today
to join President Obama on a visit to the Rolls-Royce Crosspointe facility in
Prince George’s County, Virginia. This facility manufactures components of some
of the company’s most advanced airplane engines. The company announced
that it is planning to add 140 new jobs at Crosspointe and more than 100
additional jobs in Indiana manufacturing components for aircraft wings.
In my last post I said I would discuss consumer behavior and the levels of market segmentation in this one. I have since changed my mind (I can do that, really, I can). That is simply too much for one post so the consumer behavior will have to wait for Part 3. Now onto the market segmentation!