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Established Businesses and Growth


  • Submitted on 02 October 2012

    Created on October 2, 2012
     

    Are you a woman who is ready to start or expand a small business? Now’s a good time to take that first step, with help from a U.S. Small Business Administration series of four web chats during October, which is also National Women’s Small Business Month.

    Women-owned businesses are one of the fastest growing segments of the small business community. Today, about 30 percent of small businesses are owned by women, compared to about 5 percent in 1970.

  • Submitted on 27 September 2012

    Created on September 27, 2012
     

    Hello from Chicago, where I just wrapped up our most recent stop on ITA’s STOPFakes.gov Road Shows tour. The Road Shows have been a hit across the U.S. After a whirlwind tour to eight cities, my colleagues and I have met with hundreds of U.S. companies, educating them on how to protect and enforce their intellectual property rights (IPR) in the U.S. and in foreign markets.

    At each Road Show, our team of experts covered the basics—how to protect your company’s patents, trademarks, and copyrights—and advised on protection for online content and useful law enforcement resources to seize counterfeit products. We also offered free one-on-one consultations for U.S. companies at the end of each session.

  • Submitted on 27 September 2012

    Created on September 27, 2012
     

    STOPfakes.gov was launched to serve as a one-stop shop for U.S. government tools and resources on intellectual property rights (IPR). The federal agencies behind STOPfakes.gov have developed a number of resources to educate and assist businesses, particularly small and medium-sized enterprises (SMEs), as well as consumers, government officials, and the general public.

  • Submitted on 18 September 2012

    Created on September 18, 2012
     

    The U.S. Small Business Administration is seeking comment on two proposed rules published this week in the Federal Register that would revise the small business size definitions for businesses in three North American Industry Classification System (NAICS) Sectors: Agriculture, Forestry, Fishing, and Hunting; Finance and Insurance; and Management of Companies and Enterprises.  The proposed revisions reflect changes in marketplace conditions.

    The SBA proposed increasing 11 size standards in the Agriculture, Forestry, Fishing and Hunting Sector.  Up to 7,500 more firms in this sector would become eligible for SBA loan and federal procurement programs, if adopted.

    SBA also proposed increasing 32 revenue-based size standards and 5 asset-based size standards in the Finance and Insurance Sector.  In addition, SBA proposed increasing two size standards in the Management of Companies and Enterprises Sector.  Lastly, SBA proposed to change how it measures the size of International Trade Financing firms from average assets to average revenues.

  • Submitted on 20 July 2012

    The U.S. Small Business Administration is seeking comment on three proposed rules published today in The Federal Register that would revise the size definitions for small businesses in the Utilities; Construction; and Arts, Entertainment and Recreation sectors. The proposed revisions reflect changes in marketplace conditions.

    The proposed rule for the Utilities sector will revise the size standard for nine industries. The rule proposes changing six of the industries dealing with electric power generation, distribution and transmission from revenue-based size standards to an employee based size standard of 500 employees.

    It would also increase the size standards for the remaining three industries in the Utilities sector from $7 million to $25.5 million for water supply and irrigation systems, $7 million to $19 million for sewage treatment facilities, and $12.5 million to $14 million for steam and air conditioning supply. SBA estimates as many as 400 additional firms in this sector would become eligible for SBA programs as a result of these revisions.

  • Submitted on 28 June 2012

    Summer’s here and for most communities, that means the season of outdoor fairs, festivals and other events is underway. For a small business, community events like these can be a great opportunity to market your products and services to local residents and other event-goers. Here are some steps to get you started.

    Research what events exist in your community and nearby communities. Your options might range from local “fun runs,” chili cook-offs or classic car shows to surfing contests or music festivals that bring in attendees from all over the country. If you’re new to event marketing, you’ll probably want to start at the smaller end of the spectrum.

  • Submitted on 28 June 2012

    Travel Blog

    While growth in the travel and tourism business is still in recovery mode, the early warm temperatures across most of the U.S. coupled with an uptick in positivity over the future of the economy could make 2012 a good year for the U.S. tourist industry and the small businesses that support it.

    Commerce Secretary John Bryson and Interior Secretary Ken Salazar announced the Administration’s National Tourism and Travel Strategy [PDF] – delivering on President Obama’s call in January for a national strategy to promote domestic and international travel opportunities throughout the United States.

    The National Strategy is a blueprint for expanding travel to and within the U.S., laying out concrete steps to be taken in five key areas.  It sets out a goal of increasing American jobs by attracting and welcoming 100 million international visitors annually by the end of 2021, more than a 50 percent increase over the number expected this year. These international visitors would spend an estimated $250 billion per year, creating jobs and spurring economic growth in communities across the country.  Learn more about the strategy here.

    So, how can small business owners put the 2012 tourist and vacation season to profitable use? Here are some operational and marketing tips to help you start planning a successful season today.

  • Submitted on 27 June 2012

    Applying for a business loan and securing its approval can be a lengthy process. The actual approval time varies widely depending on the type of loan, its complexity, and the borrower’s timeliness providing the necessary information. This guide from SBA can help you gather the right paperwork, whether you’re applying for an SBA loan or a regular business loan.

    But knowing exactly what you’re signing up for is just as important as rounding up the details and completing the paperwork accurately. If you’ve ever purchased a car and found yourself surprised when extra line items turn up on your monthly billing statement, then you’ll know the feeling. With loan agreements, there are devils in the details. That’s why it’s critical to pay attention to the fine print, often found in the promissory note or security interest section of the agreement.

    Here are some tips for what to look for and how to avoid potentially costly mistakes:

    Common Details Buried in the Fine Print

    Some of the key terms that make up a loan agreement aren’t always as explicit as one might hope. The fine print, for example, can include detailed and complex technicalities, qualifications or restrictions of the agreement, and even vital information about the loan’s terms. Things to look out for include:

  • Submitted on 27 June 2012

    IRS YouTube Videos
    Preparing for Disasters:
     Spanish | ASL

    With the early start of this year’s hurricane season, the Internal Revenue Service encourages individuals and businesses to safeguard themselves against natural disasters by taking a few simple steps.

    Create a Backup Set of Records Electronically

    Taxpayers should keep a set of backup records in a safe place. The backup should be stored away from the original set.

  • Submitted on 20 June 2012

    Ninety-six percent of the world’s consumers live outside of the United States and represent two-thirds of the world’s purchasing power. U.S. companies that export enjoy business success with increased sales and profit potential. Exporting also helps businesses weather downturns in the domestic economy by being prepared to respond to foreign competition and global market trends.

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