small business administration

Economists: All Signs Point to Deflation

by Christina Lee
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Consumer prices dropped in October by 1.0 percent – the largest decline ever measured by the Bureau of Labor Statistics, and a sure sign to economists that prices are deflation. Economists also noted as another indicator yesterday’s recorded 2.8 percent decline in wholesale prices – the biggest decline measured since over the past year. While consumer prices are still 3.7 percent higher than they were in October 2007, experts still fear that overall business in the nation will suffer, as consumers actively seek lower prices in goods and services. As About.com writer Darrell Zahorsky wrote, deflation is “great news for... Read more

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Small Business Assessment Tools

by Rebecca Button
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The Small Business Administration is a great resource for small businesses as I’m sure you know. But with all that information, it can be a bit difficult (if not simply time consuming!) to wade through it all. Here are a few tools that the site offers that will help you analyze where your business currently stands in terms of being prepared to start a business as well as whether you are qualified for the 8(a) Business Development Program . These tools have only been available for 3 months now and already the SBA says over 125,000 people have used them.... Read more

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Beware of Startup Scams - Tips for Avoiding Them

by Larry Slusser
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You’re tired of working for someone else, telling you what to do and when. You’re an entrepreneur by heart and want to work for yourself, rather than padding the pockets of your boss. But how do you avoid the scams that are out there, which will only lead you back to padding the pockets of a boss? Some of these “too good to be true” money-making ideas are plain and simple-scams. One way to verify if this business idea you are interested in is in fact a legitimate business with quality money-making opportunities, is to visit the Better Business Bureau’s... Read more

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The New Patriot Express Loan Program

by Danny Brown
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For any small business in the US today, one of the unsung heroes is the US Small Business Administration, or SBA. Offering advice and financial aid to thousands of small businesses across the country, the SBA works alongside local authorities and city councils to provide grants and reduced loans to the companies that need it the most. Now the SBA is offering a specialized package purely for ex-military service personnel who have gone into business. Known as the SBA Patriot Express Loan Program , its aim is to help start and grow the business of people whose military service is... Read more

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SBA program for women biz owners drags on, incites protest

by Rebecca Button
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What began as an effort to benefit businesses owned by women has turned into yet another headache for lawmakers. The Small Business Administration invested in extensive research to find out which types of women-owned businesses were being underrepresented when it comes to landing government contracts. They narrowed it down to four: Nationally security and international affairs; Coating, engraving, heat treating and allied activities; Household and institutional furniture and kitchen cabinet manufacturing; Motor vehicle dealers. Essentially, the proposal would allow contractors to give preference to women-owned businesses in those four categories with the idea being that they would be giving preference... Read more

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Getting Government Money - Ways the Government Can Help Finance Your Business

by Rebecca Button
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Small business is the backbone of the economy, and the government has a vested interest in helping small business owners to get their ventures off the ground. There are many ways in which the government can help finance your business; the problem is that most people don’t really know much about these programs, or how to find and apply for them. Here are some of the programs the US Government offer that are designed to help small businesses grow and prosper. Government Grants You can get a government grant for your business if you meet the criteria. Often, women and... Read more

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5 Reasons Why You Need a Business Plan

by Veronica Stone
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Of every one hundred businesses started in America each year, only a handful survive the first year and only one or two are thriving after three years. One of the major causes of this failure rate is lack of a business plan. People who start a complex business and people who need to raise capital to get their business off the ground know (or soon learn) that they need a good business plan. People who plan a small business often imagine they can get by without a business plan. But every business needs one. A business plan is simply a... Read more

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