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TwitterManaging and reducing operating costs is critical in these difficult economic times. Integrating automated time and expense data collection into your business process must be a key component of any small business strategy. If you can’t measure it you can’t manage it! But how can you make this labor intensive evolution less stresful?Easy … there’s a simple to use resource that does all the heavy lifting for you.Journyx Timesheet is a time and expense management solution.
Archive for June, 2009
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The SBA plans to release a partial lender list of ARC loan participants by Monday
June 20th, 2009 
admin Known participating banks in the SBA ARC loan program as of June 20th:WachoviaWells Fargo & Co.J.P. Morgan Chase & Co.PNC Financial Services Group Inc.Banco Popular North AmericaRegions BankSuntrustBB&THere is a Wall Street Journal article written by Raymund Flandez that adresses the current Arc lending situation.SBA Offers Aid to Cash-Strapped The Rub: Some Big Banks See the Reward as Too Small for the PaperworkThe emergency loan program launched in the past week by the Small Business Administration is designed to give established businesses some breathing room to pay principal and interest payments on existing debt.
Telecommunications Price Controls?
June 19th, 2009 admin When have price controls ever worked? Quite simply, they do not. When the government steps into to set prices, it in effect limits returns. That translates into reduced service, less investment and stifled innovation.Why would anyone support such measures in the area of telecommunications? Nonetheless, a new coalition reportedly will be announced on Monday addressing special access issues, seeking more government intervention.Special access lines are high capacity lines provided by telecommunications firms to businesses and other telecommunications companies.
Does It Make Sense To Start-Up A Business During This Recession??
June 19th, 2009 admin In times of economic turmoil and consequently higher unemployment, it is usual that some of the professionals that were laid off may take the initiative of beginning a new career path ….. as an independent consultant or as entrepreneurs by beginning a small business. Although it is probable that most entrepreneurs will fail 2 years after having begun ….. and angel investors with the willingness of contributing with capital will be scarce …..
Kauffman Foundation Study Finds that Some New Firms Will Be Created and Thrive in Economically Challenging Times
June 19th, 2009 admin According to a new study by the Ewing Marion Kauffman Foundation, challenging economic times can serve as the rebirth of entrepreneurial capitalism, leading to the creation of much-needed new jobs. The study, “The Economic Future Just Happened,” finds that more than half of the companies on the 2009 Fortune 500 list were launched during a recession or bear market, along with nearly half of the firms on the 2008 Inc.
SBA Small Business Loans :ARC Loan Update
June 18th, 2009 admin The SBA’s ARC Loan program started June 15th. As of today it is known that Wachovia Bank, Regions Bank, and BB&T are participating. It is thought that Suntrust and Banco Popular may also be a participating bank but this is not confirmed. Contact the bank directly to get a loan application. Contact your own bank and ask if they are participating.We believe that these banks are only doing ARC Loans for existing account holders.
An Odd Take on Business Taxes in Oregon
June 18th, 2009 admin Last week (June 13), The Oregonian ran an article with an odd take on taxes in Oregon.The article – titled “Business taxed more, people still taxed most in Oregon” and written by Brent Walth and Bill Graves – opened: “Oregon businesses will continue to enjoy one of the lowest tax burdens in the nation even after the Legislature voted last week to raise their taxes.”Really?As for the tax hikes, the state’s corporate minimum tax based on sales revenue (i.e., a gross receipts tax) was increased; the corporate income tax rate was increased to 7.9% (previously 6.6%); and personal income tax rates were increased, with new rates of 10.8% and 11% added on the top end of the rate structure (previously, the top rate was 9%).Previously, Oregon had a heavy tax burden for businesses and entrepreneurs.
How To Pick A Name For Your New Business
June 17th, 2009 admin There are many sites that generate random names (for businesses or other things), so many that I’ve stopped bookmarking them. But while they might loosen up your mind for a brainstorming session, if you really want to name a new business, I doubt you want a name chosen at random. As for doing a search on the availability of a name, there are several places you’ll need to do that, depending on where you plan to do business.
