Vol 57: Think Strategically!

Building a Business: Thinking strategically more than just tactical details

“The most serious mistakes are not being made as a result of wrong answers. The truly dangerous thing is asking the wrong questions.”– Peter Drucker

I have been working recently with a young CEO-in-waiting who is eager to move into the top spot. He recognizes, however, [...]

Update: Small Business Stimulus

The other day we learned of renewed efforts promised by the Obama Administration to stimulate small business.
This week, they announced some plans to sweeten guaranteed loan programs. The administration is allowing a few weeks for comments before finalizing these details.

The SBA will raise loan limits from $2m to $5M
Local banks can get 3% interest rates [...]

It’s about time!

Tomorrow, the Obama Administration is scheduled to announce new initiatives to spur small business lending. Among the initiatives are increasing limits for SBA loan and make it easier for smaller banks to access TARP money.
As we know, the SBA estimates that small business creates 60-80% of new jobs. So, if job creation is number one, [...]

SBA Loan Program disappoints again

Despite all the recent publicity about the SBA’s “helping hand” to small business, recent reports tell another story. Loan volume in dollars is down $3.6 billion, around 27%, and 25,000 fewer businesses have been served this year. Pretty woeful record when programs to support Wall St. and the banking industry got delivered virtually overnight … [...]