Entrepreneurs and small businesses are important to economic recovery. This we hear on the news regularly. But it is also important that entrepreneurial efforts be supported and not hindered. With the right nurturing, including events like the current Global Entrepreneurship Week 2010, entrepreneurs truly can change the world. So whether you are an entrepreneur or just know or work for a few, we encourage you to follow along. Let’s make sure the spirit of entrepreneurship thrives around the globe empowering those with vision to make a difference.
Policy & Politics
Young entrepreneur shut down by police in small town. Our communities may need small business owners and entrepreneurs to take the lead in tough economic times, but these teenagers were shut down for running a bake sale netting a couple hundred dollars because they lacked the proper permit leaving some to wonder whether the response was warranted. Yahoo! News
Could government tinkering endanger economic recovery? It could, according to a growing chorus of critics opposing the ongoing $600 billion pump priming operation being undertaken by the Fed which they say potentially endangers a sluggish but ongoing recovery signaled by rising retail sales and other indicators. Kudlow’s Money Politics
New small business owners in Congress? Will the new legislature in Washington D.C. have a better handle on the plight of small business owners and entrepreneurs? It should, since, according to a recent survey, 33 of the newly elected representatives heading for Congress this term are small business owners or entrepreneurs too. Check out the breakdown at the link above. You’re the Boss
Report shows changes in angel investing. Looking to angel investment for your startup capital? There are some trending changes in the market you may want to be aware of before you start chasing these investors and their cash for your next venture. Investors are spreading less money over more companies and investing more in late stage startups. The approach will likely impact the way many companies are funded in the near future. Grow Smart Business
Characteristics of the trophy investor. Gaining the right financial backing for your business means knowing how to target the perfect investor. This is the investor with the proper knowledge, resources and skills both to supply the needed funding and also to provide the experience and connections to make your business a success. To target the best investors for your next business venture, know the characteristics of the “trophy investor” and be ready to recognize and connect with this key investor when the time comes. Startup Professionals Musings
The software for people who don’t like accounting. Certainly, QuickBooks is the leading software for small business financial records today and remains a (fairly) easy to learn and operate technology. But for the budding entrepreneur or small business owner to whom even the basics of accounting theory are a revelation, an alternative tool designed especially for beginners may hold the key. You’re the Boss
Building flexibility with virtual assistants. Sometimes growing your company isn’t about adding staff. Remember, more full-time employees mean more overhead cost. Instead, growth should be about creating flexibility allowing you to keep costs low while expanding services where needed to accommodate clients and customers. Matt Mansfield takes us on a tour of the new temporary, virtual staffing solution that keeps costs low while meeting all customer needs on time. Matt About Business
Giving your team members what they want. Creating and maintaining a well-organized, creative and effective team is an important part of any entrepreneurial or small business venture. And whether they are full-time or part-time, working in close proximity or spread around the world, creating an atmosphere where the best teamwork can take place, remains the key. Here are eight things your team members absolutely need to deliver their best work. ProjectSteps
Lessons from the front line. Andy McLoughlin, co-founder of Huddle, a company specializing in online collaboration, shares the lessons he has learned in bringing his vision from a bedroom workspace and a staff including only he and his partner to a global company with 60 employees based in London and San Francisco. Youngentrepreneur
Not sure what entrepreneurship can really do? Watch Richard Branson’s inspiring video, one of many kicking off Global Entrepreneurship Week 2010, and realize that we can all make a difference. No matter who you are or what you do, follow your entrepreneurial dreams. You may be surprised at what you can achieve with focus, determination and the desire to follow that dream. Global Entrepreneurship Week.