Stay in Business by Staying True to Your Vision

  Government, Politics and the Economy Recession Watch: Leading Indicators Rise The index of US leading economic indicators rose in June for a third consecutive month, reinforcing other signs that the economy may be emerging from the worst recession in five decades. Bloomberg.com Management and Operations Stay With Your Vision or Maybe Lose Your Business The fall of Dial-a-Matress shows how overexpansion, bringing in executives who don't understand the corporate culture and straying from your vision can all work to kill a company. WSJ.com [Read Full Article]


ARC Loans Now Available

The Small Business Administration is accepting loan applications for a temporary new program called America’s Recovery Capital. These “ARC” loans, which go up to $35,000, are designed to provide a “bridge” for viable small businesses with immediate financial hardship – to keep their doors open until they get back on track. “These ARC loans are another tool in the SBA toolkit which will provide critical support to small businesses struggling to make it through these tough economic times,” said Administrator Karen G. Mills. ARC loans are deferred-payment loans made by commercial lenders to established, viable, for-profit small businesses that need short-term help to make their principal and interest payments on existing and qualifying business debt. While the ARC loans are not made by the SBA directly, they are 100% guaranteed by the SBA and have no SBA fees associated with them. These loans will be disbursed over a period of up to six month... [Read Full Article]


Is the Economy Improving?

  Government, Politics and the Economy The Recession: Signs of Improvement, No Jobs Yet There are signs of improvement, sales are picking up, but according to a recent survey of small business owners, layoffs and poor credit are still a problem. CNNMoney.com Business Groups to Obama: Limit Union Boss Pay With President Obama intent on capping executive pay, business groups are now daring the President to impose pay caps on labor union bosses as well. WashingtonTimes.com Management and Operations [Read Full Article]