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Donald Trump has picked Linda McMahon, co-founder of pro wrestling company WWE , to lead his Small Business Administration, his transition team said Wednesday. In this particular case, the democratic-controlled Congress pushed back, yet certain segments of the fiscal budget resulted in the Small Business Administration having its funds reduced in 2004, while going under the guise of fiscal budgetary concerns.
The Small Business Administration (SBA) was created by the Small Business Act of 1953 and derives its present existence and authority from the Small Business Act ( 15 U.S.C. 631 et seq.) and the Small Business Investment Act of 1958 ( 15 U.S.C. 661 ).
The SBA is authorized under this program to make direct loans to eligible and qualified intermediary lenders who will use those loan proceeds to make short-term, fixed-interest rate loans to start-up, newly established and growing small business concerns.
The SBA, in coordination with the U.S. Federal Emergency Management Agency (FEMA), other federal agencies, the American Red Cross and array of state and local entities, helps small businesses prepare for disaster and provides timely and accessible low-cost, low-interest loans to small business owners, non-profits, homeowners, and renters who are survivors of disaster.
Working with other federal agencies, SBA will help reduce the complexity of USG trade financing and export marketing programs and highlight the growing importance of exports to the U.S. economy, thereby encouraging more lenders to offer comprehensive business solutions to their export customers.…Read More
Well, like many small businesses, the first years were touch and go financially. Starting a business might also be the only way you can fulfill your destiny and not have regrets when you are on your death bed or at the pearly white gates. As an entrepreneur living in Copenhagen or in Frederiksberg, you can attend our courses and receive counseling on different aspects of your business – free of charge.
All businesses must be able to conduct planning with respect to these five regions of business expertise in order to be successful. Fortunately, the rise of new financing sources like crowdfunding and peer-to-peer lending means that prospective small business owners now have a greater range of financing options at their disposal than ever before.
If not, then you need to expand your market, change your product, reduce your costs or start over. Once you know what keywords your business competitors are bidding on, you can monitor those. The next stage of research you conduct in your small business start-up process will help you figure out if your business idea has potential.
As a general rule in the home business industry, expecting to succeed immediately, is a sure way to fail. High net worth individuals have been known to go for some conferences, seminars or classes when they want to diversify into other areas of business. This Action Plan will help you evaluate your idea so you can decide if you are ready to join the ranks of the self-employed.
A detailed understanding of potential income, and expenditures related to the running of the business need to be examined. In order to make your business successful , start strong and make sure that your idea will hold out for the long haul. The $10 Business, developed by Dr. Craig Armstrong …Read More