Small Business News: SMBs and the Economy

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Recently businesses have expressed concern over excessive regulations that have made conducting business ever more expensive, often with limited justification in the eyes of some business owners. Those efforts were portrayed by some in government as a bid to rid business of even important regulations protecting public health and the environment. Instead, small businesses would simply like government to do what entrepreneurs have always done when challenging economic challenges: attempt to be realistic and practical when adopting regulation to be sure it does not inadvertently make things tougher on small business and our economy.  

Outlook & Policy

How much debt is really sustainable? As a small business owner, you know that too much debt over too long a period without the ability to pay it off will eventually sink your venture. So, why don’t governments understand this fundamental economic principal? In this video, Director of the Office of Management and Budget, Jack Lew, gives a great explanation of how government still cannot get this simple idea right. Policy Forum Blog

Government aims to help economy by cutting small business funding. Some might argue that the place to start cutting costs while trying to increase entrepreneurship and stimulate small business would not be the U.S. Small Business Administration. But then critics have argued for some time argued many of the agency’s could be streamlines to improve service to small business people. However, funding for helpful Small Business Development Centers will also be cut. WSJ

Programs & Regs

SBA changes contract setback rules. Other regulations to change on the federal level include a change in the way government contracts are awarded to small businesses. The changes may affect things like how much of a project is handled by small firms as opposed to a larger partner and also some of the guidelines under which participants in the program can be considered disadvantaged.  The Washington Post

1099 expansion must go. That was the clear message from small business leaders about a requirement included in the new healthcare law that will have small businesses filling out many more of the forms and drastically increasing the scope of the vendors and amounts that require a form to be filled out. Small businesses point of view? Too much time and expense! CFO Webcasts

Finance

The bootstrapping guide to business financing. Amongst the challenges facing entrepreneurs in a rapidly changing economy can be the ability to raise capital from conventional means. Hey, what exactly are conventional means these days, anyway. The key is to look for another means for funding your start-up and, thankfully, a time-honored tradition already exists. Open Forum

Ready to start your business a whole new way? Actually, bootstrapping is more straight forward and less convoluted than other ways of starting a business and in most cases you can start today. Ultimately, it’s about launching a business with the resources at hand. There is, of course, an art to achieving positive bootstrapping results. Open Forum

Marketing & Tech

SMBs prefer Facebook Places to Groupon. The numbers are in and if current trends are any indication, in a changing economy in which many businesses are scrambling to find new footing, geo-social platforms are winning out over group buying platforms. Which kind of marketing does your small business prefer? ClickZ

Social media is important but so are Websites and e-mail. Ramon Ray urges businesses to utilize social media like Twitter and Facebook, but not to forget about the importance of Websites and e-mail. In this video Ray goes through a couple of the most important points that will help make your Website and e-mail great marketing and sales tools. smallbiztechnology.com

Outsourcing Trends

SMBs take advantage of borderless economy. In an attempt to compete small to medium sized businesses are also turning to mobile contractors as an on demand source of labor and expertise. A new report shows a trend which could create an opportunity for both small businesses seeking services and those with expertise who are looking to create a business of their own. pr-inside.com

Report shows SMB contractor trend. The report suggests that much more than simply improving productivity with lower cost for many SMBs, the new trend toward outsourced contractors is also creating new small business opportunities for those who either provide a very in-demand service or can manage projects for others. Download the free report and start trying to figure out where your business fits in. SMB Trend Report

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