Small Business Administration redefines 'Small Business'
New size standards will now classify more than 18,000 additional businesses as "small business," making them eligible for SBA programs
By Lauren Drell
AOL Small Business
October 11, 2010
Small businesses are getting a little bigger, thanks to new size standards form the Small Business Administration. Effective November 5, 2010, the change will make nearly 18,000 more businesses across 70 industries, including retail and hospitality, eligible for SBA programs, including loans and help winning federal contracts.
SBA size standards vary by industry, and caps are typically set based on the number of employees or average annual receipts -- criteria that have been in place since 1984. This recent "comprehensive review" of size standards will at least double the cap on average annual receipts, taking them from $7 million to as much as $35.5 million.
The change is said to benefit car dealers most of all, as they represent nearly one-third of the 18,000 deemed "small businesses." Whereas the cap for car dealers used to be revenue based, the new rule hinges on the number of employees: 200 is the limit. About 90 percent of all car dealerships will now be considered small businesses, some with revenues up to $20 million, according to a report by The New York Times' You're the Boss blog.
"These increases in the size standards mean more of America's small businesses will be eligible for and can access the resources and services the SBA and other federal agencies have available," SBA Administrator Karen Mills said in a statement. The new size guidelines are aligned with current economic and industry indicators and are meant to ensure that small businesses have the tools they need to grow and create jobs, since small businesses have created 65 percent of all the new jobs in the past 17 years and employ half of America's private-sector workforce.
Sunday, October 24, 2010
Saturday, October 23, 2010
Check out... Top 10 ways government kills jobs in America
By: Arthur Brooks
OpEd Contributor
WashingtonExaminer.com
October 19, 2010
Our politicians all seem to agree on at least one thing: There will be no recovery unless America gets back to work.
But that's often where the agreement ends. Once you move on to discuss how to get America back to work, opinions begin to diverge.
In general, the worst thing for job creation is a poor entrepreneurial climate. Such a climate is brought on by the large fiscal debt, unpredictable health care costs, and a generally anti-business and pro-regulation approach by government.
In the run-up to the midterm elections, all of us should be thinking about "climate change" - and the best ways to create jobs in our nation. We'll hear lots of talk about recovery and stimulus, about fairness and equity, the future and change.
As we listen to the rhetoric, remember the reality. These are the Top job killers in America.
To read the full article at the Washington Examiner... click here.
OpEd Contributor
WashingtonExaminer.com
October 19, 2010
Our politicians all seem to agree on at least one thing: There will be no recovery unless America gets back to work.
But that's often where the agreement ends. Once you move on to discuss how to get America back to work, opinions begin to diverge.
In general, the worst thing for job creation is a poor entrepreneurial climate. Such a climate is brought on by the large fiscal debt, unpredictable health care costs, and a generally anti-business and pro-regulation approach by government.
In the run-up to the midterm elections, all of us should be thinking about "climate change" - and the best ways to create jobs in our nation. We'll hear lots of talk about recovery and stimulus, about fairness and equity, the future and change.
As we listen to the rhetoric, remember the reality. These are the Top job killers in America.
- Uncertainty and business
- Uncertainty and the consumer
- High corporate taxes
- Unhealthy health insurance costs
- The threat of unionization
- Inability to hire and fire
- Trade restrictions
- Credit
- Increasing unemployment insurance
- Encouraging frivolous lawsuits
To read the full article at the Washington Examiner... click here.
Friday, October 22, 2010
Check out... Former executives want to be their own boss
Laid-off office workers tired of rat race; seeking their own businesses with $100,000-plus income.
by Tanya Mannes
October 12, 2010
San Diego Union Tribune
As high-level corporate jobs dry up, some executives are embracing the idea of trading rush-hour traffic and hectic schedules - as well as steady paychecks - for a chance to be their own boss.
The economic collapse has eliminated millions of jobs, slashed pension programs and gutted home equity and stock portfolios, making the idea of self-reliance more attractive.
Peter Siegel, founder and chief executive of BizBen.com, a California business-for-sale website, is seeing a surge of former executives - many in their 40s, 50s and 60s - seeking a business with an adjusted net income of $100,000 or more.
To read the full article... click here.
by Tanya Mannes
October 12, 2010
San Diego Union Tribune
As high-level corporate jobs dry up, some executives are embracing the idea of trading rush-hour traffic and hectic schedules - as well as steady paychecks - for a chance to be their own boss.
The economic collapse has eliminated millions of jobs, slashed pension programs and gutted home equity and stock portfolios, making the idea of self-reliance more attractive.
Peter Siegel, founder and chief executive of BizBen.com, a California business-for-sale website, is seeing a surge of former executives - many in their 40s, 50s and 60s - seeking a business with an adjusted net income of $100,000 or more.
To read the full article... click here.
Check out ATC - About Us
The State of Indiana Alcohol & Tobacco Commission has an excellent web site with lots of helpful information for anyone with questions about Liquor Licenses. It is a great resource!
Click here... ATC - About US.
Click here... ATC - About US.
Check out... 5 Ways to Make a Bad Economy Better
Published October 12, 2010
FoxNews.com
The economic forecasts just keep getting worse.
The National Association for Business Economics released a study Monday downgrading its growth prediction from 3.2 percent to 2.6 percent for this year, with next dragging along at the same pace. The forecast showed the jobless rate hovering above 9 percent through 2011.
The study comes after the Congressional Budget Office pegged growth next year at 2 percent, a pace the office described as "anemic" compared with other post-recession recoveries.
So what can the government do about it? Washington has been pushing out bold, new economic proposals since the recession started, but one glance at the job-fair crowds these days would prove these proposals have had limited effect.
There is no shortage of comments in the suggestion box. FoxNews.com has compiled recommendations from top economists about what Washington can do to give the country's job market and productivity a kick in the pants...
To read the full article... click here.
FoxNews.com
The economic forecasts just keep getting worse.
The National Association for Business Economics released a study Monday downgrading its growth prediction from 3.2 percent to 2.6 percent for this year, with next dragging along at the same pace. The forecast showed the jobless rate hovering above 9 percent through 2011.
The study comes after the Congressional Budget Office pegged growth next year at 2 percent, a pace the office described as "anemic" compared with other post-recession recoveries.
So what can the government do about it? Washington has been pushing out bold, new economic proposals since the recession started, but one glance at the job-fair crowds these days would prove these proposals have had limited effect.
There is no shortage of comments in the suggestion box. FoxNews.com has compiled recommendations from top economists about what Washington can do to give the country's job market and productivity a kick in the pants...
To read the full article... click here.
Business For Sale market has flatlined...
BizBuySell.com has recently released its latest economic data for Third Quarter of 2010. The company's data, which tracks trends in the business-for-sale marketplace, suggests that the business-for-sale market has bottomed out, but a recovery will still be slow in coming.
The number of closed transactions reported to BizBuySell.com in Third Quarter 2010 was 1,117, exactly equal to 1,117 reported for this same time period a year ago.
These numbers indicate that the business-for-sale market has flat-lined, with earlier signs of recovery stalling out in the second half of this year. Although we do see a slight 1% increase compared to the 1,106 closed transactions reported for Q2 od 2010, the market is still down considerably from previous years...
The biggest problem remains a lack of available credit for small business acquisitions, which continues to make life tough for business brokers and business owners looking to sell.
To read the full article... click here.
The number of closed transactions reported to BizBuySell.com in Third Quarter 2010 was 1,117, exactly equal to 1,117 reported for this same time period a year ago.
These numbers indicate that the business-for-sale market has flat-lined, with earlier signs of recovery stalling out in the second half of this year. Although we do see a slight 1% increase compared to the 1,106 closed transactions reported for Q2 od 2010, the market is still down considerably from previous years...
The biggest problem remains a lack of available credit for small business acquisitions, which continues to make life tough for business brokers and business owners looking to sell.
To read the full article... click here.
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