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8 traits of successful entrepreneurs--Do you have what it takes?

Blogged By: 
Jason Bowser, Featured Startup Business Expert

Starting a business is a lot of work. Anyone who tells you it's not is either lying or has never actually started one themselves. The hours are long, sacrifices are great and you are assulted with new problems and challenges every day with seemingly no end.  If you don't have the constitution to weather these things, your business could implode on you faster than it started.

Clearly, entrepreneurship is not for everyone. But how do you know whether it’s for you? You should start by asking yourself what it takes to be a leader because, for the most part, you'll be doing a lot of the work up front by yourself.  If you can't lead yourself through startup, chances are you won't likely be able to lead your business and future employees through growth and on to success.

What is e-Buy?

Blogged By: 
MBDA


E-Buy is an online Request for Quote (RFQ) tool designed to facilitate the request for submission of quotes for a wide range of commercial services and products offered by Multiple Award Schedule (MAS) contractors who are on GSA Advantage!.

E-Buy, a component of GSA Advantage!, allows federal agencies (buyers) to maximize their buying power by leveraging the power of the Internet to increase Schedule contractor participation in order to obtain quotes which will result in a best value purchase decision.

Strategic Partnership can Make a lot of Sense

A strategic partnership can make a lot of sense, but only after all parties agree on some basic rules and protocols

Small companies, squeezed by the pressures of internal growth and the economic uncertainties of mergers and acquisitions, are increasingly turning to strategic alliances for competitive advantage. The problem, however, is that the majority of business alliances fail. In fact, Vantage Partners, a Boston-based consultancy, has done research showing that 60% of alliances fail midway through their expected lifetimes.

Establish an "executive sponsor" in both your organization and your partner's. If the alliance concept is just the idea of a visionary manager, it will become dependent on the personality of a single champion. Identifying an executive sponsor of the alliance emphasizes that the alliance resulted from a collaboration that will keep it going. Executive sponsors must be kept informed of alliance activities (good and bad) and pulled into the discussion only when needed to show priority for the alliance relationship, or to emphasize corporate commitment and resource allocation.
 

Public Hearing: Task Force on Federal Contracting Opportunities for Small Business

Blogged By: 
MBDA

On June 28, 2010 at 1pm EST, the Task Force on Federal Contracting Opportunities for Small Business will hold a public hearing at the auditorium at the Department of Commerce located at 1401 Constitution Ave., NW, Washington, DC 20230.

To pre-register for the meeting, please email your name, organization or small business that you represent, along with the contact information to SB_TaskForce_Comment@sba.gov.  You should also include the topics you are interested in discussing (see below). Those interested in attending should register by June 21, 2010 due to security and limited seating.  Please put “registration” in the subject line of the email.

MBDA Director Meets With Haitian Leader

Blogged By: 
MBDA

June 10, 2010 – In support of rebuilding Haiti following the devastating earthquake that affected the region this past January, more than 400 companies from the United States, Dominican Republic and Haiti attended the “Building a New Haiti: Commerce, Business, Investment” conference in Montrouis over the last two days.

Rick Wade, Senior Advisor and Deputy Chief of Staff to U.S. Commerce Secretary Gary Locke and David Hinson, National Director of the Minority Business Development Agency, met with René Préval, President of the Republic of Haiti to discuss ways in which Haiti can diversify its economy and develop stronger economic relationships with the U.S. as well as create an environment that fosters job creation and economic stability.

Wade reiterated the commitment of President Barack Obama and Commerce Secretary Locke to the people of Haiti and to engage the Haitian Diaspora in these efforts.   Hinson discussed how Haitians living in America are extremely supportive of their home country and are eager to help rebuild the nation.

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Number of jobs created as a result of services provided by MBDA business centers during the last 5 fiscal years.
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