Tag Archive 'Small Business'

Feb 24 2012

Obama To Give Startups Tax Breaks & Easier IPOs

Published by under Business & Marketing,News

Boosting the morale of entrepreneurs, the Obama Administration is making funding easy for business start-ups by introducing various Tax breaks and also making it easier for IPOs.

The idea behind the proposal is to make funding small businesses with start-up capital more attractive. By doing away with taxes on capital gains on investments this will happen easily. In addition, it would also increase the amount of money that will not need to be routed through SEC registration from $5 million a year to $50 million. This proposal is going to be part of Obama’s 2013 budget plan.

A few other highlights of the proposal

  • Tax reduction on startup expenses
  • A policy that will allow businesses to deduct cost of equipment and software
  • Grow the Government small business investment program by $1 billion

Addressing The Associated Press, director of the White House National Economic Council, Gene Sperling said that the Obama administration is aware of how much small and new businesses drive job growth in the national economy; leveraging on these new business starters by certain federal supports like tax breaks is the most logical aspect that is being practiced.

Sperling further informed the AP, “Our small business agenda has a specific focus on removing the barriers that have for too long blocked startups and entrepreneurs from getting the financing they need to accelerate their growth and hiring.” While some welcomed the policy, some think making public funding by relaxing regulations would be prone to fraud.

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Nov 18 2011

A New Genre Of Loan To Save Your Business!

Published by under Business & Marketing

A new genre of lending and borrowing has come as a messiah for several entrepreneurs and business start-ups everywhere.

It is called P2P or peer-to-peer lending, where the borrower takes a loan from an individual rather than a lending institution. This is fast becoming a preferred mode of borrowing money as it commands greater efficiency, lower interest rates, and virtually no running around!

The top four reasons why people borrow loans from such individuals are to pay off credit card loans, for home improvement, for business, and for a major purchase. Statistics show that people can get a P2P loan for anything, from debt consolidation, to starting off a business, to buying a car, or even to pay for school.

Borrowers can look to get anywhere between $1,000 and $25,000. However, as with traditional loans, the borrower’s credit score determines how high or low the interest rate will be.

If you are a small business or know of someone who is not making headway with their project for lack of funding, a P2P loan may just perhaps save the day for them!

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Oct 21 2011

The Not So Small “Small Business”

Published by under Business & Marketing

They are a major driving force of the U.S. economy. They are a dynamic part of the economy that generates three-fourths of the jobs in the U.S. and contributes to employment growth. They know their customers well and are geared especially to meet local needs and that is why they do well, or sometimes do not! Here are some interesting statistics on small businesses that otherwise go unnoticed:

  •  There are 28 million small businesses in the U.S. — which outnumber corporations 1162 to 1
  • Northwestern states like Montana & Wyoming rely more heavily on small businesses
  • One third of small businesses rely on credit for financing
  • Only 2% of small businesses are franchises — most (54%) are home-based
  • 70% of small businesses are owned and operated by a single person
  • 60 to 80% of all new jobs come from small businesses
  • Small businesses employ 57% of the country’s private workforce
  • Small businesses pay 44% of U.S. payroll
  • It takes just six days to start a business in the US, compared to a sizeable 38 days in China
  • And it costs 6 times as much to start a business in India than in the US
  • Immigrants make up 12.5% of small business owners nationwide
  • Only 50% of businesses survive five years — though most (70%) hit the two-year mark

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Mar 15 2011

Statistical distribution of small business in the U.S

Published by under Business & Marketing

For any business, especially the one which has a direct relation to other industries, a comprehensive understanding of the market distribution in relation to the size of businesses and their distribution across states is an absolute essential. Knowing these details helps you set a ground for your market analysis and gives you small business tips to further your business strategy. A rough idea of the market also helps you to set a goal, especially if you are a small business owner. It defines your competition and gives you a general idea of the governance of the small businesses by the state. Here is a small survey conducted by the “Fee Fighters” on ‘How Important is Small Business in the U.S.?’, which will give you a fair idea on the economical importance of small business owners and their contribution to the national economic market.

With this data in place you are sure to get small business ideas to further your business development and ensure that you attain significant success.

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Aug 22 2010

5 Questions Small Businesses Should Determine Before Commencing

Published by under Business Tips

If you are thinking to start a new business, you might have also thought of determining a business plan. It is important to set up a focused business plan to attain an overall picture of what needs to be done next. Every successful organization crafts a strong base of planning before execution. So can you; by answering 5 simple questions to yourself.

Following are 5 questions you should determine before commencing your small business:
  • Who are we?

Determine your company’s individuality clearly. This will help you establish an accurate direction for the future and will also signify your current boundaries and limitations.

  • What are we offering?

Conduct a research on current market trends and only then determine what exactly you are going to offer people. This will help you understand what your target audience needs and establish unique selling points for your products or services.

  • When will we break even?

It is extremely important to predict when your profits could start flowing in. Will your products or services bring in enough revenue to break even within the estimated time phase? Think of ways to minimize expenses and maximize revenues.

  • Why are we needed?

Determine why your products or services are needed. Explain how your enterprise would change things and how would those changes benefit your business. These answers might particularly be important for your investors too.

  • How to market our business?

Your sales and marketing initiatives must be planned skillfully and carefully. If you intend to spend less, we suggest you to giveaway promotional products to perspective customers. It is perhaps one of the most inexpensive yet effective ways to market new small businesses.

For more business marketing and branding tips, visit our new section of ‘Promotional Ideas’.

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