December 22, 2008

Obama Taps New SBA Head

CNNMoney.com: Entrepreneur and venture capitalist Karen Mills has been chosen by President-elect Obama to head the Small Business Administration. Mills is currently president of MMP Group in Brunswick, Maine. She, with two other partners, founded Solera Capital, a New York-based venture capital firm. Her appointment will be subject to confirmation by the Senate. At a

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Biz Q&A:

Entrepreneur: Q: How does a small business owner set aside enough money to actually make a profit? A: The key is having a budget and ensuring that your pricing model enables you to cover your direct and indirect costs, loan repayments as well as distributions to the owner. Cash is King…work with vendors on extending

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The Next Big Cheese

The Australian: To get to the McDonald’s headquarters in Oak Brook, Illinois, you drive through the college-like campus, past Ronald Lane and Hamburger University, to an imposing brown brick building. Inside, there’s a four-storey atrium lined with an art collection so vast that it boasts it own curator. Burgers are big business. When he’s not

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IHG Names Abrahamson New President Of The Americas

American City Business Journals/Atlanta: InterContinental Hotels Group PLC, which has its headquarters for the Americas in Atlanta, announced Jim Abrahamson Tuesday as the company’s next president of the Americas region. Abrahamson, the former head of development for the Americas for Global Hyatt Corp., replaces interim President Richard Solomons, IHG said in a news release. Solomons

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Subway Reaches $645000 Settlement With 3 Counties

San Francisco Chronicle: The Subway sandwich chain has reached a $645,000 settlement with three counties who sued for misleading advertising and overcharging. Robert Nichols, a Marin County consumer protection prosecutor, says Subway was not granting customers advertised discounts on food, often by not clearly disclosing restrictions on advertised discount promotions. Nichols says California law requires

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