With two-thirds of the world’s purchasing power in foreign countries, exporting represents a big opportunity to tap in to new markets, expand your customer base, and grow your business.
However, getting started with exporting can sometimes feel like a complex maze of regulations, policies,...
Managing a Business - July 21, 2014 - 15 comments
Employees are one of your biggest assets, even though they don’t appear on your balance sheet. They help you operate your business and are the faces of your company brand. But employees can also be a big liability if they steal from you. What can you do to protect yourself?
Industry Word - July 17, 2014 - 9 comments
It has been an exhilarating first 100 days on the job. When I was sworn in as SBA Administrator in April, I promised to “get more loans into the hands of entrepreneurs who reflect the diversity of America by making it easier for community banks and microlenders to become our partners....
SBA Administrator - July 15, 2014 - 11 comments
Three years ago, entrepreneur Maurice Brewster made one of the best business decisions of his life: He signed his limousine company, Mosaic Transportation, up for IBM’s Supplier Connection – a collaboration between small businesses and the supply chains of Fortune 500 corporations
SBA News and Views - July 11, 2014 - 17 comments
You’ve probably heard the adage that “keeping an old customer is cheaper than converting a new one.” But just how much cheaper is it? According to survey data presented in the new SCORE Infographic out this month, securing a new customer is six to seven times more expensive than...
Industry Word - July 09, 2014 - 14 comments
When you apply for a new credit line or request a credit limit increase for your business, suppliers, creditors and lenders want to see how your company has handled its existing credit obligations in the past. This enables them to determine if they should approve your request and to help determine...
Industry Word - July 08, 2014 - 8 comments
Small businesses are the key to advancing America’s economy by bringing cutting-edge, high-impact technologies to the marketplace that improve health care, strengthen our military and protect the environment. However, small businesses often have difficulty competing with larger technology...
Contracting - July 07, 2014 - 14 comments
Does your small business have a marketing plan? A study by Marketo shows that companies with a documented marketing plan are more likely to be satisfied with their marketing efforts. As you might expect, however, smaller companies are less likely than large ones to have marketing plans. Overall,...
Industry Word - July 01, 2014 - 33 comments
Last Wednesday, June 18th, SBA had the pleasure of hosting Junior Achievement USA and the teen competitors of Junior Achievement’s National Business Plan Challenge. Junior Achievement is the world's largest organization dedicated to educating students in grades K-12 about entrepreneurship...
SBA News and Views - June 27, 2014 - 6 comments
It’s been years since I was making a real living off of business plan consulting (I migrated to business plan software instead), but I had an exchange last week that reminded me of one of the biggest problems – and most common misunderstandings – related to business plans.
Industry Word - June 25, 2014 - 16 comments