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A Cure for Blindness?

Small Biz News & Tips

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Small Biz News & Tips

Disclaimer: Please note that we at ExperienceClovis.com provide the following news and tips for small businesses as a value-added third-party service to our readers of this online community magazine. The below items are also offered by third parties. We have no control over the offers made or of the content of the external websites to which these links lead. Also, links to external websites may become inactive at any time.

The high-school yearbook that created a $100 million memory
When 15-year-old Catherine Cook and her brother flipped through a high-school yearbook in 2005, they didn't just see photos of friends -- they saw an opportunity to create a digital version. Their idea for MyYearbook got the attention of their older brother, Geoff, who signed on as CEO, and the company attracted 70 million users and $17 million in financing. On Wednesday, Quepasa announced it was buying MyYearbook for $100 million, turning Catherine into a 21-year-old millionaire.

How Sy Sperling wove a story of success
As a young man with thinning hair, Sy Sperling says, hair weaving changed his life. Convinced that other men would have the same reaction, he put $10,000 on his credit card, bought a defunct salon and eked out a living until New York Yankees player Ron Bloomberg became a client. With a celebrity endorser and a homemade TV commercial, "the phones went off the hook," and Hair Club continued growing until Sperling sold to private investors for $45 million.

An unlikely app developer brings success into focus
When a bad fall forced her off the ice, Canadian figure skater Lisa Bettany focused on her photography hobby, eventually launching a popular blog, MostlyLisa.com. As the blog caught on, she joined the development team behind Camera+, working 12 hours a day for about a year to bring the iPhone application to market. Thanks to her social media expertise, Bettany became the face for the product, which has sold more than 3 million downloads in the past year. A year ago, Bettany said, her mom sometimes had to help with the rent. "Now my bank calls me up all the time and asks, 'What's all this money?'" Entrepreneur.com

10 ways to brighten up your brainstorming
Self-respect, self-belief, and respect and belief in others are prerequisites for a productive brainstorming session, writes Kevin Eikenberry. "While we may not always feel creative, or haven't seemed to be creative in the past, we believe we are capable of amazing creativity. We therefore expect ourselves to be successful," he writes. KevinEikenberry.com (7/7)

Don't get discouraged by the overnight success of others
Don't compare your struggles to the "overnight successes" you read about in the press, says Tara Hunt, founder of the online shopping service Buyosphere. For every one entrepreneur who had it easy, "there are one hundred times more stories of working hard and struggling for years to look like an overnight success." Hunt says realizing that others face the same struggles "helps [to] keep the faith." Sprouter.com

12 tips to keep you on the sunny side of life
How do you maintain a positive outlook when every day seems to bring more ups than downs? Rod Kurtz put that question to a dozen business experts. Among the answers: Keep things in perspective, remember the good times, immerse yourself in processes and try something radically different. (Beer, tequila and Dairy Queen also get at least one mention each.) AOL Small Business (5/10)

What's your definition of success?
Having just completed his taxes, Mark Evans writes that he was surprised at how much money he made last year. He wasn't keeping terribly close track because "money wasn't the most important consideration" in his success as an entrepreneur. The beauty of self-employment, Evans writes, is that people get to decide how successful they want to be and "how they want to be rewarded for their sweat and toil." The Globe and Mail (Toronto) (5/9)

How to build a business without employees
It's possible for a "solopreneur" to run a full-sized business without even hiring a staff, Sleeptracker founder Lee Loree writes. Look to outside help to cover your marketing, technology, inventory and bookkeeping needs. Then, hire a consultant as needed to assist with functions that are unique to your operations, Loree writes. BusinessWeek.com/Today's Tip blog

Don't rest on your laurels, and other advice from the trenches
After surviving as a business owner for two years, Mark Evans writes that he's ready to share some advice with fellow entrepreneurs. His list of five key lessons includes that work-life balance isn't a myth, that it's OK to say no to some opportunities and that you should keep your books well organized. The Globe and Mail

3 New 1099 Rules You Should Know About Barbara Weltman

Warby Parker focuses on customer satisfaction with "slow selling"  Inc.com (1/19)

6 tips for getting what you want with a quick call (BothSidesOfTheTable.com)

7 tips for kicking your marketing into gear (Entrepreneur.com)

How well do you know your niche? (BNET)

How to impress -- or depress -- an investor with your pitch (StartupCFO.ca (Canada))

Are you ready for the hard part? (Seth Godin's Blog)

20 thoughts on the origin of ideas
Ideas come from books, from nature and from trouble, but they don't come from watching TV, Seth Godin writes. He adds that ideas are unpredictable: They come when the mind is alert enough to notice things, but also "when we're asleep and too numb to be afraid." Seth Godin's Blog (11/24)

Find out if your social media efforts are paying off
Online tools can give us a massive amount of data about social media and other online marketing, but the hard part is gaining practical insights from that data. The first step is to identify your goals, writes Shashi Bellamkonda, who lists 20 measurement tools and gives tips for presenting the data. Small Business Trends (1/10)

Lawmaker wants to hear which rules are hurting business
Rep. Darrell Issa, R-Calif., sent a letter to 150 big businesses and trade groups asking for input on which of the regulations passed by the Obama administration are hurting business the most. While Issa's focus is on big business, Carol Tice urges small businesses to respond as well. "Just because you didn't get a letter, doesn't mean you can't drop him a line." Entrepreneur.com/Daily Dose blog (1/5)

Is your Web address in these 16 important places?
While your website's URL should obviously be on business cards and company stationery, it should also be included in all your advertising and on your address stamps for old-fashioned snail mail, writes Jim Smith. He also recommends displaying your web address on all your signage and product packaging. YChange.com (1/5)

5 words you never want to hear from Google
Every webmaster's nightmare is to see the words "This site may be compromised" on the site's Google search results. Mikal Belicove provides steps to handle a hacked site quickly and efficiently, including how to quarantine the site and assess the damage. Entrepreneur.com/Daily Dose blog

How giving to others can help you get more customers
Charitable giving can be a great way for small businesses to support their community and score some positive marketing in the process -- if they can afford it, experts say. "I like to support a lot of nonprofits, but my goal is not to become one myself, so I have to be careful," said one small-business owner. This article gives tips on how to give wisely and how to get the most out of your charitable support. Los Angeles Times

Jiu-jitsu's lessons for business 12/10/10
Steve Strauss discusses the art of what he calls "business jiu-jitsu" -- recovering quickly from mistakes. He recounts the story of one business owner who after hearing from numerous irate customers after a steep price increase, rolled back the price and offered other products for free. She turned "a giant mistake into an opportunity to prove her true commitment to customers, show that she listened and even make a few sales in the process," Strauss wrote. AOL Small Business

4 reasons you need a website -- now 12/6/10
Technology and the Internet are having a profound effect on business, and companies that have a website report higher revenue and better customer service. So if your company still isn't online, it's time to get there, writes Francine Schill. The Web is a relatively cost-effective way for business owners to sell products via e-commerce and gain nationwide visibility, she explained. WomenEntrepreneur.com

The 4 ingredients of entrepreneurial happiness 11/30/10
Happiness isn't simply a matter of working for yourself or making lots of money, Alyson Shontell writes, citing a study by venture capitalist Anthony Tjan, who found that entrepreneurs are happiest when they take risks early, act rather than talk, maintain close relationships and learn continuously. The Business Insider

Dutch entrepreneurs pay the most 11/15/10
Think entrepreneurship is rough in the U.S.? Try Suriname, where the average time to jump through the bureaucratic hoops and launch a new business is almost two years, Jeff May writes. Other interesting tidbits: The Netherlands is the most expensive place to launch a startup, and Israel gives its entrepreneurs the most financial backing. The Wall Street Journal

Obama concedes mistakes on business policy 11/4/10
President Barack Obama said he could have done a better job balancing regulating businesses with helping them succeed and hire to get the economy moving. At a White House news conference the day after Democrats lost big in midterm elections, the president emphasized the importance of setting the right tone and helping businesses succeed and hire. Star Tribune (Minneapolis-St. Paul, Minn.)/The Associated Press

Twitter trumps journalists in reporting Qantas accident
After news outlets incorrectly reported that a Qantas jet had crashed near Singapore, passengers aboard the aircraft swiftly took to Twitter to report the true story: An engine had failed, and the huge aircraft had made a safe emergency landing. That's a reminder that it's through social-media networks, not conventional media, that companies should seek to correct rumors and control fast-breaking stories, writes Kevin May. "In a world often led by news reports emanating or spreading through social media, perhaps Qantas did not react as quickly as it could," he notes. TNooz.com

How to use social media to build buzz for a real-world event
Social-media tools can be the perfect accompaniment to a real-world event, writes Adam Helweh. The key is to make it easy for your attendees to talk to one another by creating event-specific Twitter hashtags and Foursquare locations, and to amplify the chatter using add-ons such as a projected Twitter feed, video-streaming tools and content-curating sites such as Storify, he notes. Social Media Explorer (11/4)

How to find people who can talk the talk
A successful word-of-mouth campaign depends on finding great talkers, writes Andy Sernovitz. High-quality talkers bring passion, credibility and, above all, a huge audience -- and while bloggers and well-known figures are an obvious place to start, marketers shouldn't stop there. "Think barbers, mechanics, business travelers and anyone else who talks to a lot of people all day," Sernovitz advises. SmartBrief/SmartBlog on Social Media (11/4)

8 frequent entrepreneurial failures 11/3/10
Mistakes are common for first-time entrepreneurs who don't have experience to fall back on. Advice or mentoring from business owners who've been there is essential, writes Cathryn Atkinson, who also advocates doing extensive research and test-marketing new ideas or products. The Globe and Mail (Toronto)

New York, California top the list of states with the worst tax climates 10/28/10
States with the best tax climate for businesses include Nevada, South Dakota, Alaska and Wyoming, according to the nonprofit Tax Foundation. New York, California, New Jersey and Connecticut have the worst tax climates, said the group, which advocates low tax rates with few deductions. Las Vegas Review-Journal

10 things your customers want 10/28/10
Going back to basics to provide excellent service is a great way to win customer loyalty and differentiate your business from the competition, writes Cheryl Hanna. Her tips: make the shopping experience easy, listen to customer complaints and don't take it personally. CustomerThink

Fear, uncertainty are pervasive as elections near 10/28/10
A far grimmer mood has gripped the country than the atmosphere of hope and change that swept Obama into office. The electorate is now angry and afraid, writes Dan Balz, and Republicans may ride those sentiments to victory next week. But dissatisfaction with Republicans is also high, and voters have disparate views of what needs to be done. The Washington Post (10/28)

Why new tax policies will be bad for small business 10/27/10
New and proposed tax policies will hurt the 75% of U.S. businesses that NFIB says are organized as pass-through entities. Businesses such as S Corporations, limited liability corporations and sole proprietorship in which the owners report profits and losses on their own tax returns could be affected by the expiration of Bush-era tax cuts as well as cap-and-trade legislation and health-care reform. This article profiles a restaurant owner who says his salary is $82,500 and has been since 1986. The income on his tax return represents "the productivity of a lot of companies and capital investment," he said. Fox Business

3 Web services to help support your business 10/26/2010
Andrew Lock describes three very different websites that can provide needed support for small businesses. The first is E-ssistance, which allows business owners to have an assistant for little office tasks such as transcription without paying for a full-time staff member. Lock's other go-to services include PrintingForLess, which provides full-service printing services that are fueled exclusively by wind power. Small Business Computing

5 brand ambassadors that put social media to good use
Brand ambassadors can be a good way for companies to put a human face on their products -- and social media is becoming an important part of that process, writes Stephanie Marcus. Old-media stalwarts such as the "Snapple Lady" are tweeting, while companies such as Wal-Mart, Microsoft and Coca-Cola have designed socially savvy brand-ambassador programs that rely heavily on YouTube, Facebook and Twitter to connect with customers. Mashable (10/25)

Uncle Sam has 10,000 reasons for you to start a business this year 10/21/2010
If you have a great business idea but haven't gotten around to launching, now may be the time. For businesses started in 2010 -- and only in 2010 -- the IRS will allow you to deduct up to $10,000 in startup expenses. After Dec. 31, the maximum deduction will return to its normal level of $5,000. Bloomberg Businessweek

Business owners struggle with tax planning as uncertainty looms 10/20/2010
Political and economic uncertainties are making tax planning more difficult for small businesses. Many accountants expect taxes to go up next year, but where those increases will hit is less clear as Congress delays a vote on extending Bush-era tax cuts. Accountants interviewed by ABC News say proprietors should take steps that are good for their businesses rather than making decisions solely for tax reasons. They also give tips for hedging the uncertainty. ABC News/The Associated Press

6 ways to get your product into stores 10/20/2010
Read more at the following link: http://goo.gl/BCHE

5 ways to grow -- even when the economy doesn't 10/20/2010
The lackluster economy continues to take a toll on many small businesses, but owners should remember to make smart choices about money -- not stop spending entirely, writes Liz Lasater. She also emphasizes the importance of pursuing only the best customer prospects, building a strong team and being reliable. BusinessWeek.com/Today's Tip blog (10/20)

Andera's Battleplan: Adapt And Conquer - October 18, 2010 - Forbes.com Small Business: Charles Kroll reinvented his technology firm--twice. It was worth the pain.

Small Business Owners: Don't Succumb To Inaction - October 18, 2010 - Forbes.com Small Business: In this baffling economy business owners are uncertain of their next step. Here's some advice.

Startup.com: The Sequel - October 18, 2010 - Forbes.com Small Business: Kaleil Tuzman starred in a documentary about his dot-com company's demise. He's come a long way.

3 reasons the recovery hasn't come for small businesses 10/17/2010
Even though the National Bureau of Economic Research says the recession is over, most small-business owners have yet to see any improvement. Scott Shane cites the continued weak housing market, as well as uncertainty about health care and taxes. He encourages the government to take action to "encourage the small business sector to expand, invest, and hire." Bloomberg Businessweek

4 ways to avoid lawsuits 10/17/2010
Litigation can be costly and time-consuming for small-business owners, and many struggle with questions of whether long lawsuits are worth it. Sometimes there's no way to avoid court, but former lawyer Steve Strauss has some suggestions for settling disputes, including bluffing big, being willing to settle for less and walking away. USA TODAY

SBA doles out big venture capital funds for small businesses
The Small Business Administration has issued more funds through its venture capital program in fiscal 2010 than it has in any year in the program's 50-year history. The Small Business Investment Companies program issued $1.59 billion in long-term loans to small businesses, up 23% from last year. SBICs are privately owned venture capital firms that are licensed by the SBA. Portfolio.com, The Wall Street Journal/Private Equity Beat blog 10/16/2010

Why we should embrace immigrant entrepreneurs 10/14/2010
The government should make immigration easier for foreign-born entrepreneurs, argues The Wall Street Journal's editorial board. It suggests welcoming any foreign national that can present a business plan deemed viable by the Small Business Administration. "A visa for job creators is a political and economic winner all around." The Wall Street Journal

Weigh the risks and rewards before starting your own company 10/10/2010
Don't launch a business just because it seems glamorous or because you're bored in your current job, warns Mark McClain, who has started two companies of his own. The hours are long, the risks are high -- and the diet is generally not good for the body. But if you have the stomach for it, the rewards can be great: "[Y]ou may actually build a company that becomes legendary or create a product that makes peoples' lives better," he writes. VentureBeat/Entrepreneur Corner

Small businesses struggle to win government contracts
It takes an average of about two years of trying for a small business to win its first government contract, according to an American Express study. Experts cite overly detailed specifications, and say the paperwork involved in getting government deals can be overwhelming for small businesses. Chicago Tribune 10/10/2010

How the 2010 Small Business Jobs Act Affects You 10/06/2010
The Small Business Jobs Act of 2010 (SBJA) adds or renews several attractive tax incentives for small business, and makes other important tax changes you need to know about.… Read more

9 mistakes that may be keeping you from a bank loan 10/06/2010
As small-business lending appears to rebound, there are several key tactics to keep in mind when applying for a loan, says Wells Fargo Bank's Sinem Mehterian. Some of the biggest mistakes business owners make are withholding personal guarantees, failing to shop around and not having a realistic business plan, she wrote. Smart Business

6 ways to prepare for media interviews 10/06/2010
Promoting your business through local media can be a great way to establish yourself as an expert and reach new customers, but the thought of those interviews can be daunting. Lisa Barone recommends thinking of the interview as a conversation, preparing sound bytes to include and using short stories in your responses to connect with the audience. Small Business Trends

With social media, time is the new money 10/06/2010
Participating in social media can be a time-consuming endeavor, and many balk at spending that time the way they used to resist spending money on old-school marketing. Still, it's worth it because social media offers the hard-working entrepreneur a way to build a following and become an expert, said David Siteman. He likens social media to dating, saying that we make time for things we care about despite the excuses we might have. He urges business owners to put forth the effort to build relationships online and to create interesting content. Small Business Trends

Tools that take your Twitter experience to the next level 10/06/2010
Twitter is a great social network, but the service is pretty bare-bones, writes Jesse Stanchak, who is lead editor of SmartBrief on Social Media. "Twitter is the Yugo of social tools -- it can take you wherever to need to go, but there aren't a whole lot of bells and whistles," he writes. Fortunately, there are plenty of third-party applications, including polling widgets, monitoring services, follower-management add-ons and other handy extras, that can streamline your experience and extend the platform's functionality. SmartBrief/SmartBlog on Social Media

Protect your brand before it's too late 10/05/2010
You can't start too early taking steps to protect your brand, according to intellectual-property experts interviewed by Karen E. Klein. Whether it's Coca-Cola's curvy bottle or NBC's chime, consumers learn to relate to a brand in certain ways that need to be protected from the start. "Particularly for small businesses, the power that a brand brings in terms of customer recognition and loyalty can be long-lasting," said lawyer Jennifer Wolfe. Bloomberg Businessweek

How to learn from your biggest mistakes 10/04/2010
Making business mistakes is fine as long as you learn from them, experts say. Common mistakes include an inattention to finances and spending too much time dealing with noncore issues that could more effectively be outsourced. Experts here recommend creating and updating a five-year business plan, knowing your business cycle and learning the power of delegation. The Record (Hackensack, N.J.)

3 ways to control an overeager entrepreneurial spirit10/03/2010
While it's great for entrepreneurs to get excited about an idea or venture, often that unbridled entrepreneurial spirit can pull focus away from a primary venture, says Sue Miley. She suggested that entrepreneurs find an accountability partner to bounce ideas off of and create a vision and mission statement to keep themselves and staff on track. Brazen Careerist

Get a Clue about your website 10/03/2010
A diagnostic tool called Clue lets users conduct a 5-second test to determine what visitors remember about a website. It's a great way to discover your site's strengths and weaknesses, Mikal Belicove writes -- "a quick, easy and free way to help you determine whether your brand messaging is clear and your calls to action memorable." Entrepreneur.com/Daily Dose blog

How to shoot yourself in the foot with Twitter 10/02/2010
Some Twitter strategies are doomed from the outset, writes Diana Freedman. If you want to wreck your company's public relations efforts, try being self-obsessed, utterly indiscriminate in whom you follow, erratic in your postings and stuffy or arrogant in your interactions with other users. HubSpot.com

Don't underestimate your mom 10/02/2010
Mom bloggers are a key target for marketers -- but too many focus their efforts exclusively on moms writing about parenting and family issues, says Debra Williamson. Many moms write about other issues such as travel, automobiles or personal technology, and their influence and credibility makes them just as valuable to marketers as family-focused bloggers. "This diversity is both a benefit and a challenge for marketers; creating a strong blogger outreach program takes time, effort and nurturing," Williamson says. Adweek/eMarketer

7 ways the small-business bill can help you 10/02/2010
The recent small-business law has seven key provisions to help small-business owners, and Rhonda Abrams outlines them here. Besides the $30 billion lending fund, the law includes increases in Small Business Administration loan limits, an increase in the write-off for startup expenses and a measure that allows sole proprietors to write off health-insurance premiums. USA TODAY

With social media, time is the new money 10/01/2010
Participating in social media can be a time-consuming endeavor, and many balk at spending that time the way they used to resist spending money on old-school marketing. Still, it's worth it because social media offers the hard-working entrepreneur a way to build a following and become an expert, said David Siteman. He likens social media to dating, saying that we make time for things we care about despite the excuses we might have. He urges business owners to put forth the effort to build relationships online and to create interesting content. Small Business Trends

Why many businesses don't plan to give Groupon another shot 10/01/2010
About 40% of merchants who have run a promotion on Groupon say they would never do it again, a number that contrasts sharply with a statement by Groupon's CEO that 97% of merchants would offer another deal. According to a Rice University study, 66% of merchants earned a profit on their deal. Contrary to conventional wisdom, many businesses' complaints didn't spring from an overwhelming amount of customers, but rather from dissatisfied employees -- especially those who rely on tips. The Wall Street Journal/Venture Capital Dispatch blog, BNET/The Debunker blog

Why the Amish make better entrepreneurs 10/01/2010
In a recent speech at Belmont University, author Erik Wesner outlined three important traits that explain the 90% survival rate among Amish businesses: First, business owners are humble, never asking a worker to do what they would not do themselves. Next, Amish businesses are extremely cognizant of minimizing waste. Finally, the Amish believe that creating scale is not the ultimate goal and that "too much growth can lead to arrogance and pride." The Entrepreneurial Mind

Why small-business owners should pick up their lobbying efforts 10/01/2010
Small-business owners often don't know their own strength. Though they have less political power than larger firms, too often small businesses don't exercise the clout that they do have, experts say. But lobbying officials -- especially local ones -- can have a big effect on a small business. Experts recommend having a consistent message and approaching officials with rational arguments, not angry rants. BusinessNewsDaily.com

Put the wisdom of the market behind your big idea 9/29/2010
Ideas are everywhere, but many entrepreneurs assume that only big businesses can afford the luxury of doing proper research before launching their idea into the marketplace. But Mike Courtney writes that market research can take many forms: a simple Facebook query or a more formal survey. The founder of Mint.com even hung out at a train station and "asked normal people what they thought." VentureBeat/Entrepreneur Corner

10 innovative ways to use smartphones to help your business 9/27/2010
Smartphones and other mobile devices can help businesses run more efficiently, writes Anita Campbell, who discusses using devices to track inventory, give presentations, edit documents and more using applications such as Docs to Go and Zoho Mobile. Small Business Trends

Which business structure should you choose? 9/27/2010
Choosing a business structure can be tricky for entrepreneurs. One recently laid-off business owner recounts that just after he formed his LLC, the unemployment benefits he had been counting on ceased. "You have to understand the ramifications of choosing one form or another or none at all," warns lawyer Matthew S. Gilman. The Wall Street Journal

Are you raising an entrepreneur? 5 lessons to teach your children 9/22/2010
Children don't get a lot of encouragement to become business owners when they grow up, writes Barbara Taylor, who says she's always on the lookout for opportunities to teach her 6-year-old business lessons. She said she tries to instill an ability to solve problems creatively and a desire to learn in order to encourage an entrepreneurial spirit and success in life. NYTimes.com/You're the Boss blog

Learning by doing in the teaching business 9/22/2010
Ann Dolin says that in 1998 she had quit teaching school to stay home with her first child, and she felt restricted by the $500-a-month allowance her husband gave her for household essentials. Hungry for more, she worked seven days a week as a tutor before hiring her first independent contractor and splitting the students' hourly fees. Today, Educational Connections has about 150 freelance tutors and is on track for $1.45 million in revenue. Dolin pays herself a salary of $150,000 and cites helping about 4,000 students over the years. "Life is good," she says. The Washington Post

How to choose a business-management system 9/21/2010
The owner of a medical-supply business with retail, business-to-business and e-commerce components asks for help in picking a system that can handle inventory control, tracking and other accounting tasks at a reasonable cost. Fahmida Rashid recommends Klix Online, Compiere and QuickBooks Marketplace applications, and explains the pros and cons of each. CNNMoney.com

Weigh your options and know yourself when choosing a business 9/21/2010
Some businesses start with a great idea, while others are born of a vague need for independence. For would-be entrepreneurs who fall into the latter category, experts say it's important to take stock of your passions and your pocketbook when deciding which business opportunity is right for you. Boston Herald (9/19

Study finds tax increases would hit 9% of small-business owners 9/21/2010
The percentage of small-business owners who would be affected by the expiration of Bush-era tax cuts is close to 9%, according to a survey by The Business Journals. Lawmakers have been putting that number at 3%. "This is a group that likes to feel in control, in charge," said one researcher. "They know how to run their businesses, and they work very hard. But the economy and health care reform has left them feeling uncertain. They are bathed in uncertainty." Portfolio.com

5 tips for launching your global expansion 9/21/2010
Expanding around the world requires little more than an Internet connection, but if you really want to build your business overseas, the first step is knowing what you don't know and educating yourself on foreign markets, writes John Jantsch. In addition, you need to know how your brand translates overseas and internationalize your websites. Duct Tape Marketing (9/21)

4 reasons cities should change their approach to entrepreneurship 9/20/2010
Cities' attempts to increase entrepreneurship are often based on faulty premises, writes Scott Shane. Studies often focus on only a few types of businesses and policies that encourage one type of business often dampen the formation of others, he says. For instance, areas with more college graduates often have a greater number of high-tech startups but fewer new manufacturing businesses. Small Business Trends

U.S. loses ground in global entrepreneurial rankings
Denmark and Canada have passed the U.S. to lead a list of the top entrepreneurial performers, according to a report from the Small Business Administration's Office of Advocacy. The U.S. ranked sixth in entrepreneurial attitudes and eighth in entrepreneurial activity, and the nation is short of high-growth businesses, especially in the technology sector, said the report. BusinessNewsDaily.com (9/15

Technology complicates local-business marketing 9/20/2010
Technology, such as mobile devices and social media, has substantially widened -- and complicated -- the marketing options for local business owners who used to have few choices beyond the local newspaper. Local small-business owners must either develop a core competency in marketing or hire someone who has it, wrote Chris Treadaway. Forbes

GOP: Proposed Obama tax increases would hurt small businesses 9/17/2010
Republicans are hanging their argument for tax cuts for individuals making more than $200,000 a year on small businesses, saying that letting Bush-era tax cuts expire for that group would hurt job creation. "A lot of small-business owners have already been forgoing some income in this economic situation to keep the people they have employed now," said NFIB's Bill Vernon. "If you raise taxes on them, you're denying income from the very people who will be making the decisions whether to hire more people." The Boston Globe

Don't use Diaspora, security experts warn 9/17/2010
Diaspora, the open-source social network intended to rival Facebook, suffers from "screamingly unsafe" security flaws, according to digital-security experts. The network's backers say the open-source model is self-repairing, with supporters working to patch flaws as they're found; still, critics say most people should avoid the network, at least for now. "The bottom line is currently there is nothing that you cannot do to someone's Diaspora account, absolutely nothing," said Patrick McKenzie, owner of a software company. PC Magazine, Computerworld

Working home alone? Web-based communities can help 9/17/2010
A growing number of websites are reaching out to people who run solo businesses from their homes. The sites offer support and tips on topics such as developing a business strategy and balancing the demands of family life. Fox Business

6 things small countries and startups have in common 9/17/2010
Countries such as Israel and Singapore have made their geographic disadvantages into major economic selling points, Sarah Lacy observes. Like successful small businesses, these nations have benefited from finding their niche and turning it into a well-defined brand, she suggests. TechCrunch

5 ways to build a retail business with Facebook and Twitter 9/17/2010
To expand a retail business, it's often enough to stick to the social-media basics, writes Rich Brooks. Sign up for Facebook and Twitter, create an awareness of your online presence and then start offering online-only discounts and vouchers to convert digital buzz into real-world foot traffic. SocialMediaExaminer.com (9/17)

Can a small bookshop compete with a giant as insurance rates soar? 9/16/2010
Casey Coonerty Protti says she has continually had to cut back on health care benefits for her employees at Bookshop Santa Cruz as costs have soared. She's curious to see if the state insurance pools will help lower rates for small businesses like hers, noting that the large multinational competitor down the street can offer the same coverage at much lower cost because they have many more employees. "I can't imagine making the decision to stay in business and not offer insurance, so if we can't afford to pay for employee health insurance, we'll have to decide whether we can afford to stay in business at all," she writes. BNET/Owners Only blog

Groupon deals are a liability, business owners say 9/16/2010
Groupon is facing a backlash, with a growing number of businesses saying they've lost significant sums by offering heavy discounts on promotions that snowballed out of control. One cafe owner had to pour $8,000 of her own savings into her business to stay afloat after a Groupon deal brought a flood of new customers but no new revenues. "Groupon can become a nightmare for small, local businesses that are unprepared for a 'loss leader' campaign at scale," notes Patricio Robles. The Business Insider

Here's why PR is no DIY affair  9/14/2010
Some experts say you should do your own public relations rather than hiring an agency, but Shonali Burke offers five reasons that that could be a mistake. Owners often lack objectivity, for instance, which is essential to a well-positioned pitch. Then there's the issue of opportunity costs: You might be a great promoter, but as the boss, do you really have the time to wear that particular hat? BNET/Owners Only blog

Why e-mail is no place for arguments 9/14/2010
E-mail is a great invention for simple communication, "but it's not personal and it doesn't work for personal arguments," Tim Berry warns. Lacking any human inflection, e-mail can only make an argument worse. Instead, work out differences the old-fashioned way: "Talk about it. Walk across the hall or get on the phone. You'll be glad you did." Planning Startups Stories blog (9/14)

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SBA, Minority Business Round Table Renew Partnership to Expand Outreach to Minority Entrepreneurs

On January 25, 2010, the U.S. Small Business Administration released the following statement:

"During these difficult economic times, it is imperative that we provide small and minority businesses with the necessary tools to drive economic growth and create jobs in their communities," said SBA Administrator Karen Mills.
Click Here for Full Article

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SBA’s Patriot Express Loan Initiative Delivers $315 Million to 3,750 Vets, Military Community

On June 26, 2009, the U.S. Small Business Administration released the following statement:

In just two year’s time, the U.S. Small Business Administration’s Patriot Express Pilot Loan Initiative has supported more than $315 million in loans to more than 3,750 veterans and their spouses who are using the SBA-guaranteed funds to establish and expand their small businesses. As a result of the American Recovery and Reinvestment Act, which raised loan guarantees to 90 percent, and eliminated fees temporarily, the number of Patriot Express loans increased to record levels in April and May of 2009. Click Here for More

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