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Archive for October, 2008
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A Governor Says “No” to Government Bailouts and Stimulus
October 31st, 2008 
admin In this new era of taxpayer bailouts, everybody seems to be heading to Washington for handouts. Well, almost everyone.It was not surprising to see New York Governor David Paterson on Capitol Hill looking for federal dollars given that New York State reportedly faces a four-year projected budget shortfall of $47 billion.According to an Associated Press story, Paterson said: “Just like the financial services industry, we need a partner in the federal government in order to help stave off an impending financial calamity and stabilize our fiscal condition.”A partner – how nice.Of course, New York State elected officials have pushed government spending relentlessly higher, while also taxing and regulating individuals and businesses to death.
SBA Office of Advocacy Starts Blog
October 31st, 2008 admin Blog is focusing on regulatory issues, small business research, state regulatory activityThe Small Business Administration Office of Advocacy has launched a new small business blog focusing on regulatory issues, small business research, state regulatory activity, and more. The blog, named “The Small Business Watchdog” can be found at http://weblog.sba.gov/blog-advo. “We are excited about the fact that the Office of Advocacy is using social media and Web 2.0 techniques to help join together the small business community across the country,” said Shawne McGibbon, Acting Chief Counsel for Advocacy.
Business Loans Sources
October 31st, 2008 admin The recent credit crunch has caused banks and other traditional lenders to tighten their underwriting standards. Financing for start-up and small businesses has become more difficult to obtain. Now, more than ever, entrepreneurs have to be a little creative in seeking financing. If you are a business seeking financing here are few sources that may aid you in your search.Angel Investor Angel investors look to invest in businesses that return a higher profit than a traditional investment.
Ways To Leave Your Business
October 31st, 2008 admin Four Ways To Leave Your Business – Which One Is Right For You?
Selecting your successor is a fundamental objective that is decided early in the Exit Planning process. Almost all owners want to transfer the business to other family members, an employee or a co-owner; only about 5 percent want to sell to an outside third party. Interestingly, however, most persons first identified as successors do not usually end up as the ultimate owners.
Presidential Candidates on Education
October 30th, 2008 admin Entrepreneurs obviously need well-educated workers to thrive in a competitive, often-global marketplace.Yet, talk to some small business owners, and chances are that you’ll hear about how hard it is to find such workers. Indeed, it is not unusual to hear complaints about employees who do not possess basic writing, reading and math skills. It’s scary.So, where are the presidential candidates on the issue of education? The October 30 Wall Street Journal ran a handy comparison titled “The Election Choice: Education” by Joseph Rago.The key difference is that John McCain is focused more on providing options to families and students, while Barack Obama likes the idea of spending more tax dollars on various education initiatives.The most important part of the article is the following on McCain’s views:Mr.
Senator Schumer Unveils $700M Small-business Stimulus Plan
October 30th, 2008 admin An article from New York Newsday describing the Schumer plan that would waive fees for SBA loans to make them more attractive and get more banks involved. According to the Senator, (The SBA)”must play a bigger role because 65 percent of U.S. banks have tightened their lending standards for small businesses and 70 percent have raised their interest rates, making it harder for small businesses to get loans.
Sowell on Obama’s Tax Hikes
October 29th, 2008 admin Thomas Sowell is an intelligent and insightful economist. Each of his columns communicates worthwhile bits of economic wisdom.Check out the latest titled “Taxing Times” as it appears at National Review Online. The article addresses the potential ills if Senator Obama wins the White House, and goes ahead with the tax agenda he has been touting on the campaign trail.The entire column should be read, but let’s note a few points from Sowell right here:• Those who are receptive to Senator Barack Obama’s plan to increase taxes on “the rich” seem not to understand that the issue is the nation’s loss of wealth.
