Tips from March 4, 2010 The Small Business tips today discuss managing emotions when dealing with other people.
Emotion= Energy in MOTION. You are expressing outwardly what you are feeling. Once you start, it is hard to stop.
Take a step back from a potentially emotionally charged situation. Gather your thoughts, take a deep breath, and decide how to proceed with the situation.
Keep a journal. Writing down feelings is a good way to let out how you are feeling emotionally, and to gather your thoughts. It also helps to keep your emotions in check.
Talk to those friends and family members that you trust. When you can confide in someone and discuss your true feelings, it helps to express your feelings in a safe way.
Daily Overview: Keep your emotions in check, especially at the workplace. Losing your cool can be detrimental to your image. [Read Full Article]
In the NewsU.S. to Help Banks in Distressed AreasThe Treasury Department will invest up to $1 billion from the federal bank bailout fund in small banks and credit unions that make loans to small businesses in some of the communities most ravaged by the economic downturn, officials announced on Wednesday. NYtimes.com
Management & Operations How To Develop Your Global Leadership Pipeline To stay competitive in your industry and accomplish your goals, it is important to have strong leadership. This stems from executives, managers, and even entry-level employees, as they develop skills for improving the... [Read Full Article]
Tips from September 23, 2009 The Small Business tips today cover talking to your bank about financing.
Know the facts, including the current state of economy and type of business you run & its success vs. the industry.
Prepare documents, files, and reports to have available for banks. Do light research on various ways to finance.
Evaluate your business financially. Use legit records and be honest. Know your net worth as well as annual and personal cash flow.
Plan ahead and predict the future. Think about previous years and sales trends. Forecast monthly for the entire year.
Daily Overview: Be efficient and have all the information ready & prepared to talk to a bank about financing. [Read Full Article]
Government and Economy
Saving Small Businesses by Buying Local
Tired of seeing local small businesses being ravaged by the recession, some people are trying to reverse the fortunes of mom-and-pop stores by organizing their towns to “buy local.” WSJ.com
Military Contracts: Big Help for Small Businesses
With the economy the way it is, some small businesses are finding both safety and profits in pursuing military contracts. NYTimes.com
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Government and Economy
Most Lawmakers Will Vote on Stimulus Sight Unseen
According to Sen. Frank Lautenberg (D-NJ), none of his Senate colleagues will "have the chance" to read the entire 1,071 page final version of the $790-billion stimulus bill before it comes up for a final vote in Congress.
SBA Makes it Easier to Refinance Existing Credit Lines
The U.S. Small Business Administration has made a first revision to its procedural guidance governing lender participation and loan processing for the two SBA major loan guarantee programs: 7(a) and 504.
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