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National Entrepreneurship Month: Growing Businesses, Creating Jobs

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National Entrepreneurship Month: Growing Businesses, Creating Jobs

By Karen Mills, Former SBA Administrator
Published: November 1, 2011 Updated: November 1, 2011

I am thrilled that President Obama has declared that November is National Entrepreneurship Month.  At the U.S. Small Business Administration, we’re using this month to celebrate entrepreneurship in a number of ways.

  • We launched the Student Startup Plan to help more college graduates learn how to lower their loan payments in order to get the “breathing room” they need to start a business.
  • We are hosting a Young Entrepreneurs Series (YES) to help more young people come together, exchange ideas, and get on a path toward building a viable business. We will start YES with young veterans in San Diego (Nov. 7) followed by young entrepreneurs from rural areas in Ames, Iowa (Nov. 9). 
  • We’re kicking off the “Apps for Entrepreneurs Challenge,” which starts this Saturday and runs through Nov. 20.  It has $20,000 in prizes for the best mobile apps that help America’s entrepreneurs tap into federal programs to help them grow a business and create jobs.

The entire Administration has been highly focused on making sure entrepreneurs have the tools they need.  After all, small businesses create about two of every three new jobs each year.

That’s why the President recently signed a law that will streamline the process for getting a patent.  That’s also why the Department of Homeland Security is helping more immigrant-entrepreneurs get the flexibility to start a business and create jobs right here in the U.S.  And, of course, that’s why we’ve been working harder than ever at the SBA.  For Fiscal Year 2011, which just ended, we put an all-time record amount of SBA loans as well as growth capital in the hands of entrepreneurs and small business owners.

If you’re interested in starting or growing a business, check out www.SBA.gov/direct to find local free counselors in your area.  Also, there are some excellent tools available at the Startup America Partnership site, which launched earlier this year to parallel the efforts that the Administration is making.

Today, it has never been a better time to be an American entrepreneur.  America continues to out-innovate and out-compete the rest of the world with new, powerful ideas that are being born in our classrooms, over our dinner tables, and, yes, even in people’s garages.

This month, let’s find new ways to strengthen America’s entrepreneurial spirit. If we all work together, we can ensure that the future is indeed bright for both the next generation of entrepreneurs and the next generation of great American companies.

About the Author:

Karen Mills

Former SBA Administrator

Karen Gordon Mills is the Former Administrator of the U.S. Small Business Administration. The SBA helps both Main Street and high-growth small businesses get access to capital, counseling, federal contracts, disaster assistance and more.

Comments:

November is the nation entrepreneur month. Are there going to be seminars on this month for small business owners? Apartment for Rent Philippines
Well, probably the 500 employee that they consider "small" is really something small in terms of their big industry? Right? I mean, if you have only 500 employees on your business, with your competitors having thousands of employees, then probably you will be seen as a very small company yet. I think I am getting their point of view - might as well agree with them a bit - but not much. Montana Real Estate CE
I believe anything that helps give a boost to small business and start ups is great. Hopefully there will be more to come next year.
This is why the SBA needs to be dismantled and reinvented. Because the define "small" as 500 employees, they can give the overwhelming majority of their loans to very large businesses who then use those loans to crush true small businesses, and the SBA gets to say they "helped small business". The SBA focuses on businesses from 50-500 employees, which no small business owner would consider small. Why is this important? The SBA themselves admit that the #1 job growth sector are businesses with 1-9 employees and the #2 job growth sector are businesses with 10-19 employees. Yet these two more critical segments to our economic growth and stability are not the focus of the SBA. Note Ms. Mills need to do some disclosure in the midst of her fanfare. She touts how much the SBA hss helped small business, then has to admit that loans under $250,000 are still down. Those are the loans most 1-9 employee businesses desperately need. The $30 billion she touts in record small business loans is for loans averaging $500,000, for which most 1-9 employee businesses would not even qualify. Don't be fooled by the hype. The SBA does not focus on true small businesses under 20 employees. The above is just more proof of that. And as long as they can get away with calling a 500 employee company "small", Ms. Mills will continue to be able to say they help small businesses. Further perspective - SBA loans amount to about 3% of all small business loans - they're not a statistically significant player in loans of any kind.
excellent. hombre divorciado

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