Check out: The Three Biggest Myths About the S.B.A.

Check out this great article by Ami Kassar of The New York Times about the S.B.A. ... very informative...

The New York Times, June 19, 2012
The Three Biggest Myths About the S.B.A.
By: Ami Kassar

I want to share with you what I consider to be the three biggest myth about the Small Business Administration. But let me be clear: I am a big supporter of the S.B.A. My company, MultiFunding, brokers loans, and we put about 25 percent of our clients into S.B.A. loans. I think it's a good program with a lot of eceonomic benefits. It's also terribly misunderstood by many of the small-business owners we talk to.

So let's debunk some myths.

1. The S.B.A. Lends Money.
2. When the S.B.A. Guarantees a Loan, There is No Need for Collateral.
3. S.B.A. Loans Are as Easy to Get as Other Commercial Loans.

To read the full article Ms. Kassar's debunks... click here.

Check out "Five Ways to Go From Owner to Employee"

This blog article by Sarah Needleman at The Wall Street Journal (WSJ.com) is a must read if you are planning to sell your business at any point in the future.
Five Ways to Go From Owner to Employee

If you're planning to sell your business, you may need - or even want - to stay with the company for a while afterward as an employee. But without careful planning, transition can fall flat.

In one extreme example, Michael Arrington announced on Monday he was leaving the technology blog he founded in 2005, TechCrunch, a year after its sale to AOL for $30 million. He initially remained with the publication as its editor but in recent weeks tension mounted between Mr. Arrington and AOL, resulting in his departure. (For more, please read Founder Departs TechCrunch Blog Over Spat with AOL."

Here are five ways to ensure a smooth transition from business owner to employee, according to Needleman's blog...

- Address conflicts of interest
- Put your ego in check
- Anticipate big changes
- Set a termination clause
- Request a board position and equity

To read the full article and more detail on each way to smooth transtion, click here.