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Small Business Loan Program? small ….

Small-business owners applauded when the Small Business Administration unveiled a lending program in May. But … no surprise here … the program is off to a slow start. With $255 million, the program is prepared to make about 10,000 loans of up to $35,000 each. As of Monday, the agency reported that only 1,127 loans,…

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Small Business? small in the u.s.

The Center for Economic and Policy Research, a liberal research organization in Washington, recently published a study looking at the rates of small business employment around the world. The finding: “By every measure of small-business employment, the United States has among the world’s smallest small-business sectors.” This is the chart they published showing the self-employment…

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Forecasting: Less Fun than Usual

CFO Magazine recently included an article entitled “Imperfect Futures“, describing the growing challenge of forecasting in an uncertain economy. It’s never been easy but maybe never before, this hard. There is a valuable perspective in this article worth considering. (more…)

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Sales Declines continue to plague Small Business

Disappointing sales are the number-one problem afflicting America’s small businesses, and few business owners expect consumers to start spending again any time soon, according to the National Federation of Independent Business’s latest monthly survey of its membership. As we know, sales declines have also forced businesses to shut down. In the first quarter of 2009,…

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Start Catering to Women!

Judging from a survey by the Boston Consulting Group, your best bet is a business that knows how to cater to women. According to BCG, women today are driving $12 trillion of the overall $18.4 trillion in global consumer spending and will contribute an incremental $5 trillion in earnings over the next five years. What’s…

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Cost of Government higher than ever!

August 12 is Cost of Government Day (COGD), the day of the calendar on which most  the average American worker has earned enough gross income to pay off his share of government spending and services including regulatory costs imposed by government at the federal, state and local levels. According to Americans for Tax Reform, COGD…

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Are you measuring productivity?

Today’s WSJ article touting the leap in productivity is a good reminder that metrics based on unit inputs/outputs is a very valuable tool. Make sure that you’re not just measuring revenue, margins and profits … but measuring them against “unit” metrics like headcount and hours worked. If you watch those trends, you’ll gain much greater…

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Small Business Confidence Drops

Small businesses have become more pessimistic about the chance for economic recovery in the next six months, according to a survey by the National Federation of Independent Business. The indicator fell 1.3 points in July to 86.5. “Now they are expected to finance the new experiments of Congress and the president such as health care…

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