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Archive for June, 2009

Friday Memos

June 6th, 2009

Friday_Memos_Roundup- Main Street businesses still aren’t hiring. Last month, small businesses shed more than four times as many employees as larger businesses did, according to payroll processor ADP. [CNNMoney.com]

- As small-business owners try to cut travel costs, they’re increasingly looking to Web conferencing. Fuze, Zoho Meeting and GoToMeeting are some of the best options available, with prices ranging from $12 per month to $50 per month. [Inc. magazine]

- Some small-business employers fear the possibility of a mandate in health care reform proposals that employers must pay for insurance. They’re concerned even as some of them may be eligible to get federal money to cover the costs of providing insurance. The National Federation of Independent Businesses says that such a mandate would force businesses to cut 1.6 million jobs over five years. [Kaiser Health News]

- Google Inc. introduced a new ‘dashboard’ for local businesses this week that would enable them to get more information about how Internet users are finding their establishments. The free online data analysis can detect the number of people searching for store hours as well as which ZIP codes are common among customers who are seeking driving directions. [Reuters]

- Small Business Administration Chief Karen Mills is on a multi-city U.S. tour to get the word out about the agency’s new loan programs and to tout its early successes. The latest stop was at a sixth-generation family-owned transportation and warehousing business in Columbus, Ohio. [Columbus Business First]

- It’s not too late to look for summer help. An online directory called Enternships.com can connect companies with interns with an entrepreneurial mindset and interest in small business opportunities. Full-time, part-time, project-specific and remote placements are on the table. [Springwise]

Any interesting or relevant small-business items we missed this week?


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Friday Memos

June 6th, 2009

Friday_Memos_Roundup- More small business owners are opting to take a less expensive vacation and are feeling less guilty about taking time off compared to last year, according to this week’s release of results from an American Express survey of business owners. But four out of 10 business owners don’t plan to take any vacation at all; they can’t afford it. [American Express Open Small Business Monitor]

- Laid-off workers are becoming street-food entrepreneurs in the streets of San Francisco, selling everything from Thai curry, barbecue pork sandwiches, crème brulee, pho and escargot-on-a-stick. To alert customers to their locations, these food sellers are connecting with them via Facebook and Twitter. (Here’s a list of these Twittering vendors from around the country.) But many of them are unlicensed, running afoul of street vending rules. The vendors say the laws are confusing. [San Francisco Chronicle]

- Don’t know which banks in your state are most likely to make loans to small businesses? Download the new annual study of lending to small firms by the Small Business Administration’s Office of Advocacy. The 2008 report offers a state-by-state ranking of lenders’ overall small business lending, not just SBA-approved loans. A caveat: the data is from 2007 to mid-2008, so it probably won’t take into account the shakeup in the lending industry as a result of the credit crisis and the full impact of the recession. [SBA Office of Advocacy]

- Rep. Hank Johnson, D-Ga., introduced legislation in the House this week that would prohibit publicly traded companies, or their subsidiaries, to qualify as a small business in order to receive government contracts. It would also give individuals the right to file a complaint if they have evidence of a small-business contract being awarded improperly. More than 15 investigations have unearthed widespread abuses in federal contracting to those small businesses that did not meet basic requirements. [Web CPA]

- About half of about 750 small-business owners surveyed said temporary cash-flow problems over the past three months have caused them to stop paying bills, according to findings released this week by credit card issuer Discover Financial Services. [USA Today]

- Small businesses in search of loans may have better luck at local and regional banks than at big national banks. They’re three times as likely to get credit at small lending institutions as those who applied to large banks, according to a May survey by Barlow Research Associates. [New York Times ]

Any interesting or relevant small-business items we missed this week?


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