Opinion: Decency gone from Wall Street, Washington | Non-employer businesses on the rise -- even 2 years ago | Bartering helps small businesses save cash
June 26, 2009
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Opinion: Decency gone from Wall Street, Washington
Many small-business owners in New York City are not as angry about their businesses struggling as they are about the common decency that seems to have escaped Wall Street bankers and Washington decision makers. Peter Elliot, who has owned a clothing store in New York City for 35 years, has cut his staff in half and had his line of credit cut off despite only being late on only one payment by four days over the course of 35 years. The Huffington Post (6/25)
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Non-employer businesses on the rise -- even 2 years ago
As the recession causes more jobless people to become entrepreneurs, U.S. Census figures are catching up. In the U.S., there were 1 million new non-employer businesses in 2007, totaling 21.7 million. These businesses had sales of nearly $1 trillion -- about 7% of the gross national product that year. Most of these are self-employed individuals with sole proprietorships. Bloomberg Businessweek/The New Entrepreneur (6/25)
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Bartering helps small businesses save cash
The economy has prompted more small businesses to barter for goods and services. In Clarence, N.Y., the owner of a cafe traded a pickup truck for a roof-replacement job. Although many trades are informal, some businesses are joining barter exchanges that allow them to make trades through large networks. CNNMoney/Fortune Small Business (6/29)
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Health Care Reform
Senators: Health care bill is under $1 trillion limit
Senators working on the health care bill say they can keep costs from exceeding a $1 trillion. "We have options that would enable us to write a $1 trillion bill, fully paid for," said Finance Committee Chairman Max Baucus, D-Mont. Forbes/The Associated Press (6/26), The Wall Street Journal (tiered subscription model) (6/25)
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Obama open to tax on health benefits
President Barack Obama is open to a new tax on health care benefits. The White House, along with some lawmakers, is pushing for $150 billion from the nation's hospitals as it seeks support for the bill, which is struggling to emerge. During his campaign, Obama opposed the tax. Modern Healthcare (free registration)/The Associated Press (6/25)
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Governors share views on health care reform
The governors of Michigan, South Dakota, Vermont, Wisconsin and Washington told President Barack Obama Wednesday in a meeting that they want to overhaul health care just as much as he does but not at the cost of straining state budgets or eliminating existing programs. The Washington Post (tiered subscription model) (6/25)
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Sales & Marketing
Community involvement key to building business awareness
There are several ways to build awareness for your business in the community. Some tactics to boost your corporate image include teaching a local class, sponsoring a local sports team, joining the chamber of commerce, speaking at local events or starting a MeetUp.com group. Small Business Trends (6/24)
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Technology for Small Biz
Getting serious about servers
Is it time to get a server to share information among your small-business team members? Columnist Rhonda Abrams says that she recently upgraded her server to Microsoft Windows Small Business Server 2008, which provides more stability and security -- and has enabled her IT representative to manage maintenance remotely. USA Today (6/26)
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Political Landscape
Bills to renew SBIR program differ
A bill to reauthorize the Small Business Innovation Research program was unanimously passed on Thursday by the House Committee on Small Business. The terms on the House bill are easier on venture capitalists and their portfolio companies than a similar bill moving through the Senate. "The House version is certainly better than the Senate version," said National Venture Capital Association President Mark Heesen. The Wall Street Journal (tiered subscription model)/Venture Capital Dispatch blog (6/25)
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Business Tips and Advice
Sponsored Content from American Express
Best PracticesSponsored By
Feeling shy? Get in line
For shy entrepreneurs who dread networking, columnist Paul B. Brown rounds up some practical advice from a variety of authors. For instance, if you find it hard to approach a stranger, get into a line, where natural proximity will make it easier to strike up a conversation. Also, don't define networking as a chance to sell, he suggests. The conversation will feel less forced and fake if you think in terms of building authentic relationships. NYTimes.com (6/23)
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Other News
How the Fastest Growing Companies Use Business Intelligence
Learn how fast growing companies use BI to communicate corporate strategy enterprise-wide, react to business changes, and be more agile than the competition.
NFIB in the News
Home-office deduction bill on the table
U.S. Rep. Charles Gonzalez, D-Texas, is sponsoring a measure that would simplify the home-office tax deduction for small-business owners. He says that only about half of all Americans claim the home-based business deduction. His bill would establish an optional, easy-to-use standard for this deduction. The measure has been endorsed by the NFIB, the IRS National Taxpayer Advocate Service and the U.S. Small Business Administration's Office of Advocacy. American City Business Journals/San Antonio (6/25)
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You can't stay in your corner of the forest waiting for others to come to you. You have to go to them sometimes."
-- Winnie the Pooh,
Disney character
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