November marks an important time in our history and in the history of Native Americans in this country. This month, the U.S. Small Business Administration is celebrating National Native American Heritage Month. And we're working hard to help build entrepreneurial empowerment for American Indian, Alaska Native and Native Hawaiian communities. In a White House Proclamation issued on National Native American Heritage Month, President Obama said that the Administration remains committed to self-determination, and the right of tribal...
Think Big! The popular admonition is a forceful reminder of the power of positive thinking, encouraging us to push toward growth and higher achievements. In the entrepreneurial world, “thinking big” usually calls for hefty investments. If you’re a big corporation that may not be a major hurdle, but how can you “think big” if you’re a small business? Think U.S. Small Business Administration. The SBA can help, not only financially , but with technical assistance and training, which all are...
This week, in the lead up to Veterans Day, the U.S Small Business Administration (SBA) has been celebrating National Veterans Small Business Week, an initiative on the part of the SBA to reach out to veteran entrepreneurs and business owners. We owe our nation’s veterans a debt of gratitude for their service, and we also know that as a result of their service and training, veterans are well-positioned to be successful entrepreneurs and small business owners as they transition from their military career to working as a civilian....
Unusual weather patterns in the last few years have wreaked havoc on small business owners across the U.S. Those who were unprepared when big storms occurred faced financial losses caused by power outages, supply chain disruptions and temporary shutdowns. According to the National Oceanic and Atmospheric Administration (NOAA), 2011 and 2012 were the two most extreme years on record for destructive weather events, causing more than $170 billion in damages, much of that to businesses. Downtime in the aftermath of extreme weather events is costly...
Note: This blog is by Ann Marie Mehlum, Associate Administrator, SBA Office of Capital Access For businesses both large and small, access to short and long-term working capital can often be a challenge. - Whether it’s a contractor juggling a few jobs at one time, or a store on Main Street looking to bring in this season’s inventory, finding the capital to meet their business needs can often be challenging. To help make this task easier, the U.S. Small Business Administration (SBA) has streamlined and simplified our...
Detroit has seen recent challenges, but at its core it’s a city of dynamic entrepreneurial activity. The city of Detroit’s recent bankruptcy has created uncertainty for small businesses in the area– particularly for small city contractors – at the same time that the recovery of the auto industry and a growing startup ecosystem open up new economic opportunities. Given these challenges and opportunities, the U.S. Small Business Administration (SBA) is bringing the American Supplier Initiative (ASI), a federal government-...
Did you know that cyber security is now one of the most debated topics in the world, mostly because all daily business is conducted over the internet? Hacking in to restricted files and stealing private data are common examples of a breach in cyber security. SBA is offering a free online course to help you protect your business information online. Cyber Security for Small Businesses will help you to avoid breaches, measure your vulnerabilities, and use best practices to protect your business and your customer information. President Obama...
With electronic and mobile payments becoming increasing more popular, it’s time to consider whether these forms of payments are a good fit for your business. We understand that small businesses don’t necessarily have the time or employee power to research the pros and cons of electronic methods of payment. Often times, they miss out on opportunities to improve their bottom line. That’s why the SBA has teamed up with the Federal Reserve Bank to bring you a webinar that will walk you through the basics of using electronic...
Our nation owes a debt of gratitude to the brave men and women who have served our country. At the U.S. Small Business Administration (SBA), we work day in and day out on programs to serve our nation’s veterans as they look to start or grow a business. Today, I’m excited to kick off Veterans Small Business Week, being held from November 4 to 11 this year in the lead up to Veterans Day on November 11. This is an initiative on the part of the Small Business Administration to reach out to veteran entrepreneurs and...
Note: This blog is by Erin Andrew, Assistant Administrator for SBA's Office of Women's Business Ownership October marks a very important milestone for women and for the U.S. Small Business Administration (SBA). This month we celebrate National Women’s Small Business Month and the 25th anniversary of the signing of the Women's Business Ownership Act of 1988 that established the Women’s Business Center Program and the National Women’s Business Council. The expanded opportunities created from the Women’s...
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