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Tag Archives: SBA

Wanted: Women with great business ideas

The Small Business Administration’s 2017 InnovateHER competition is underway with entries being accepted through May 12, 2017. There’s $70,000 in prize money on the line along with other awards and the competition culminates with national winners being named on July 27, 2017. The hard work starts earlier, however. Winners from regional InnovateHER events can go […]

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Will this wrestling professional fight for small business?

One of the most intriguing picks President-elect Donald Trump made for his team is Linda McMahon to head up the Small Business Administration. The press hasn’t spent very much space reporting on this nomination (as it doesn’t spend very much time on small business issues at all) so you may have heard nothing more than […]

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Play your small business lifeline: Leverage your nearest SBDC

What prevents small business owners from reaching out for help? There are a few good answers to this question: They’re too busy, They don’t know who to ask, and They think they can’t afford it. Do any of these sound familiar? It wouldn’t surprise me if they do, but before I go any further, I […]

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Beating the Odds: Founding a Craft Distillery in a Recession

Can you make it as a small business entrepreneur when you seemingly have three strikes against you when you’re just starting out? Not long ago I talked to Catoctin Creek Distilling Company co-founder Scott Harris, and it seemed that when he and his wife Becky started their company, they were facing some very long odds. […]

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Dear Politician: If Small Business Is So Important, How Do You Explain These Facts?

If wishes were horses, beggars would ride. I’ve been reminded of that old English proverb in recent weeks as I’ve scanned the news for articles on the state of small business in the US. The proverb comes to mind because when I read the news I begin to think about the way I “wish” it […]

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How to Listen and Be Heard During National Small Business Week

More often than not, Economics and Politics are like conjoined twins who don’t get along very well. I can hear Economics shouting at Politics, “I always feel used by you!” However, occasionally the two come together and play nice-nice and that happens at least once a year during National Small Business Week. It’s a tradition […]

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Why We’re Celebrating Small Business Week on a Very Tight Budget This Year

The Small Business Administration says that National Small Business Week – May 4-8 – is for “celebrating America’s entrepreneurs.” But can anyone afford the party favors this year? One of the uplifting facts of entrepreneurship, is that many successful founders start their businesses in slow economies. However, that hasn’t been the case in the past […]

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SBA: Small Business Friend?

Small business is pretty big business in the federal government’s bureaucracy. President Obama elevated the position of Small Business Administration administrator to cabinet level back in 2012 and its operating budget – just salaries and general overhead costs – is about $430 million. Of course, there’s a lot more cash involved in SBA loans and […]

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Looking for a loan? Go Local, Small Business Owner, Go Local!

The first lesson a respected college professor taught his students was to not trust academic “experts.” If you look at the track record of these so-called experts, it’s never very impressive. And it gets worse when public policy makers become involved. They find academics who take opposing views and try to shape the debate in […]

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Small Biz Startup Grants and Other Tall Tales

If you received a robo-call one evening around dinner time and the recorded voice on the other end of the line boasted that there was “free money” available, what would you do? Most would hang up the phone and go back to the dinner table. The simple fact is that there really isn’t such a […]

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