BusinessWeek: After two-and-a-half years in marketing at Yahoo!, Ryan Kuder was among the 1,000 let go in the portal’s first round of layoffs. He teamed up with Colombian entrepreneur Jonathan Tarud over the summer to work on a local social network called Neighborsville. But by the fall, when it was clear funding would be scarce, […]
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Susan Schreter At SeattlePI: I’m watching the new administration’s small-business initiatives closely. Here’s my short list for leveraging the innovation and drive of America’s small-business owners. – Fire up the Small Business Administration. The Bush administration demoted the Small Business Administration from Cabinet status and closed regional SBA offices that provided a broad range of
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The New York Times: Jim Ellis and Kevin Taweel used a search fund to acquire a $6 million roadside assistance company with 45 employees that they built into the nation’s largest provider of insurance products to cellphone companies. While most people have never heard of them, search funds are attracting increasing attention as a way
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photo credit: myuibe Many small business owners ask themselves either “what is a blog”, or “do I need to blog about my business”. A blog is just writing updates about your business on an online site. To determine if you should start a blog about your business is pretty simple. Make a list of questions
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photo credit: F33 Most small businesses are able to have a personal relationship with customers. This is one advantage that huge corporations do not have. You need to focus on good quality products and services and aim on high customer satisfaction levels. Today there are many people contemplating the idea of starting their very own
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Jeff Cornwall: A new Fortune Small Business/Zogby Poll has found that a little less than half of small business owners say that they have been affected by the recession. What is really remarkable to me about these results is that if you listen to the media, every business in the US is on the brink
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The New York Times: When banks say no, owners of cash-starved small-businesses aren’t giving up on finding loans. Many are turning to microlenders for the money they need to meet the payroll, buy supplies, pay the rent and keep the lights and heat on. These microlenders – community-based nonprofit lenders that draw on a varying
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BusinessWeek: David Jones and Ed Basconi had worked together at an electronics production plant in Johnson City, Tenn., since the early 1980s, weathering three different owners: Texas Instruments, Siemens, and EPIC Technologies. But with production moving to Mexico, Jones took a buyout in 2007, and Basconi is one of a handful of employees staying on
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CharlotteObserver: Consumers are spending less. Commercial lending is scarce. Employees are being laid off. For two Charlotte families, those conditions signaled the right time to open their new business. Small Business Management Solutions opened in September to provide administrative services and office and meeting space for small companies and contractors. Services include telephone answering, appointment
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Associated Press: Amid misgivings over his spending blueprint, President Obama has decided to provide billions of dollars in federal lending aid aimed at struggling small-business owners. The broad package of measures to be announced today includes $730 million from the stimulus plan that will immediately reduce small-business lending fees and increase the government guarantee on
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