This Friday we have compiled 5 links from the web for you. Each link contains useful and interesting information for your small business taxes, loans, growth and news. Enjoy the guide and let us know what you think.
1. Is Obama’s Patent Reform Hurting American Small Businesses
Last September, in the midst of yet another instance of typical partisan politics in Washington where there was a complete inability for Congress and the president to get anything productive done, one significant piece of legislation did get passed. It was a bill reforming the patent laws called the America Invents Act and in his nationally televised address to Congress on September 8, President Obama used it as an example of how Washington could accomplish something. In his remarks made at the bill’s signing, President Obama said: (Source: Huffington post)
2. Facts About Government Grants
SBA does NOT provide grants for starting and expanding a business.
Government grants are funded by your tax dollars and, therefore, require very stringent compliance and reporting measures to ensure the money is well spent. As you can imagine, grants are not given away indiscriminately. (Source: SBA)
3. Business Loans and Hand-Holding, Beer Optional
When Jim Koch launched the Boston Beer Co. (SAM) in 1984, he learned that ventures like his shouldn’t waste time trying to get a bank loan. “What one of the bankers said to me was, ‘We’re not in the business of taking risks. We don’t get paid to take risks. Look at our margins.”
4. More Businesses Burdened By Slow-Paying Customers
As a prolonged recession hangover weighs on both small businesses and their customers, tracking down the cash they are owed has become a challenge for an increasing number of business owners. At issue are customers not making payments on time – or at all, according to a survey released today by the Kauffman Foundation, a Kansas City, Mo., research organization focused on entrepreneurship. (Source: Entrepreneur)
5. More Farms Vie for the $1 Billion Spent at Farmers Markets
On a recent May morning at the Collingswood (N.J.) farmers market just outside Philadelphia, Jim Daily is neatly switching back and forth between bagging tomato plants and asparagus bunches and talking tomatoes with bleary-eyed customers. It’s about breakfast time on the first weekend of the market, and in the misty coolness, hundreds of people are milling around, eyeing pints of strawberries, heaps of carrots, and other local goodies at dozens of stands. (Source: Businessweek)