RecruitingBlogs2024-03-28T21:05:23ZMaureen Sharibhttps://recruitingblogs.com/profile/MaureenSharibhttps://storage.ning.com/topology/rest/1.0/file/get/1526674469?profile=RESIZE_48X48&width=48&height=48&crop=1%3A1https://recruitingblogs.com/group/sellingyourownbiz/forum/topic/listForContributor?user=MaureenSharib&feed=yes&xn_auth=noSome small businesses still struggle to get financingtag:recruitingblogs.com,2009-07-22:502551:Topic:7148952009-07-22T10:54:59.634ZMaureen Sharibhttps://recruitingblogs.com/profile/MaureenSharib
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The big squeeze on small-business financing continues, despite the overall loosening of U.S. Small Business Administration-backed loans in recent months, two new studies show.<br />
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Nearly four in 10 small-business owners polled in the past few weeks said they are not able to get the financing they need to run their firms, according to a study Wednesday from the National Small Business Association. That's up from a third in December 2008.<br />
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A report from…
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The big squeeze on small-business financing continues, despite the overall loosening of U.S. Small Business Administration-backed loans in recent months, two new studies show.<br />
<br />
Nearly four in 10 small-business owners polled in the past few weeks said they are not able to get the financing they need to run their firms, according to a study Wednesday from the National Small Business Association. That's up from a third in December 2008.<br />
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A report from the Service Employees International Union, also out Wednesday, says SBA lending by major banks has significantly dried up. <b>Bank of America, for instance, made a mere $10 million in 7(a) loans for the first seven months of fiscal year 2009.</b> For the past two full years, it made $102 million and $336 million in 7(a) loans, according to the SEIU.<br />
More <a href="http://www.usatoday.com/money/smallbusiness/2009-07-21-small-businesses-credit_N.htm?csp=15" target="_blank">here</a>. Facebook, Twitter and peers for sale - privatelytag:recruitingblogs.com,2009-06-29:502551:Topic:6992782009-06-29T11:24:51.934ZMaureen Sharibhttps://recruitingblogs.com/profile/MaureenSharib
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SharesPost is one of a few private stock exchanges that are emerging to fight what venture capitalists call a liquidity crisis. These exchanges give stakeholders an alternative way to trade their shares in hot startups like Facebook for cold, hard cash - without having to wait years for an IPO.<br />
Employees at startup employees often put in long hours but get salaries that can be 20 percent less than their peers at public companies. In return, they get…
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SharesPost is one of a few private stock exchanges that are emerging to fight what venture capitalists call a liquidity crisis. These exchanges give stakeholders an alternative way to trade their shares in hot startups like Facebook for cold, hard cash - without having to wait years for an IPO.<br />
Employees at startup employees often put in long hours but get salaries that can be 20 percent less than their peers at public companies. In return, they get stock or options that they hope will be a path to sports cars and summer homes after their company goes public or is bought out. More <a href="http://apnews.excite.com/article/20090628/D993KKH80.html" target="_blank">here</a>. Would you start your own business now?tag:recruitingblogs.com,2009-06-15:502551:Topic:6850922009-06-15T12:27:41.519ZMaureen Sharibhttps://recruitingblogs.com/profile/MaureenSharib
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Ruslan Papou, Director, Altabel Group, software development services asks, over on LinkedIn, this good question:<br />
<i>Would you start your own business now?</i><br />
See the fast-arriving answers…
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Ruslan Papou, Director, Altabel Group, software development services asks, over on LinkedIn, this good question:<br />
<i>Would you start your own business now?</i><br />
See the fast-arriving answers <a href="http://www.linkedin.com/answers?viewQuestion=&questionID=460908&askerID=4603704&browseIdx=116&sik=1245063693103&goback=%2Eahp%2Eabq_12_1245063693103_n_o_*2&report%2Esuccess=vfLh7ZiQxNtkwQoO3efsNN1zAgQ8WXmCT24lKBBmlHq_pfcN7JydQUoVP_zdv4b8">here</a>. Ever wanted to start a business but your spouse/significant other wasn't sold on the idea?tag:recruitingblogs.com,2009-06-15:502551:Topic:6850772009-06-15T12:11:12.167ZMaureen Sharibhttps://recruitingblogs.com/profile/MaureenSharib
<p style="text-align: left;"><img alt="" height="103" src="http://api.ning.com/files/pnqLQQ7AI5Y7ZDpz-pB8WWAQycnp5FwbjHh6HreQ2b6dbUPTj1yOMizpednj72pZKr50JRtHhtIlFSHJm7LS9XC0Tgn*n4et/nag.jpg" width="96"></img></p>
Brad Werner, Operations professional with experience in risk assessment, project and time management, and product development, asks, over on LinkedIn:<br />
<i>Ever wanted to start a business but your spouse/significant other wasn't sold on the idea?<br />
Say you did your research, have your business plan all laid out. You have been thinking, planning, dreaming about it for years and now you have a plan all you have to do is take that step. Your venture looks…</i>
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Brad Werner, Operations professional with experience in risk assessment, project and time management, and product development, asks, over on LinkedIn:<br />
<i>Ever wanted to start a business but your spouse/significant other wasn't sold on the idea?<br />
Say you did your research, have your business plan all laid out. You have been thinking, planning, dreaming about it for years and now you have a plan all you have to do is take that step. Your venture looks very positive if you get it started but there is one problem. Your spouse (or significant other) still is not sold on the idea. They are afraid of losing everything even after showing them everything you've researched.</i><br />
See the answers <a href="http://www.linkedin.com/answers/startups-small-businesses/starting-up/STR_STP/494247-38123474?browseIdx=97&sik=1245063693103&goback=%2Eahp%2Eabq_10_1245063693103_n_o_*2">here</a>. "One impact of a recession is that more people start businesses because they can’t find work."tag:recruitingblogs.com,2009-03-18:502551:Topic:5940712009-03-18T10:47:52.093ZMaureen Sharibhttps://recruitingblogs.com/profile/MaureenSharib
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<i>Interestingly, much of the increase in employment is expected to occur in small businesses and startups. One impact of a recession is that more people start businesses because they can’t find work. With expansions in federal grants for some of the above industries, expect to see a lot of new companies emerge. Also expect to see geographical shifts in areas of employment growth. California and New York continue to shed jobs as employers move away…</i>
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<i>Interestingly, much of the increase in employment is expected to occur in small businesses and startups. One impact of a recession is that more people start businesses because they can’t find work. With expansions in federal grants for some of the above industries, expect to see a lot of new companies emerge. Also expect to see geographical shifts in areas of employment growth. California and New York continue to shed jobs as employers move away because of high taxes and burdensome state mandates. The beneficiaries are many Midwestern and southern states that have low taxes and fewer restrictions.</i><br />
Raghav Singh tells us more about the coming economy <a href="http://www.ere.net/2009/03/18/the-outlook-for-recruiting/#more-6910">here</a>. How the Self-Employed Get Stimulus Moneytag:recruitingblogs.com,2009-03-17:502551:Topic:5925932009-03-17T12:16:24.638ZMaureen Sharibhttps://recruitingblogs.com/profile/MaureenSharib
<a href="http://3.bp.blogspot.com/_GfhbKFlDnnI/Sb-Td-dy5GI/AAAAAAAAC_Y/r7BwDOh2r1w/s1600-h/self+emp.gif"><img alt="" border="0" id="BLOGGER_PHOTO_ID_5314128228513932386" name="BLOGGER_PHOTO_ID_5314128228513932386" src="http://3.bp.blogspot.com/_GfhbKFlDnnI/Sb-Td-dy5GI/AAAAAAAAC_Y/r7BwDOh2r1w/s200/self+emp.gif" style="float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;width: 158px; height: 200px;"></img></a> Self-employed workers don’t have taxes withheld from their paychecks. How can they get their stimulus money?<br />
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Most taxpayers who file an individual return will receive $400 in stimulus money in 2009 and in 2010; married couples who file a joint return will receive $800 each year. Instead of receiving a check, employees will get the money through a reduction in the taxes that…
<a href="http://3.bp.blogspot.com/_GfhbKFlDnnI/Sb-Td-dy5GI/AAAAAAAAC_Y/r7BwDOh2r1w/s1600-h/self+emp.gif"><img style="float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;width: 158px; height: 200px;" src="http://3.bp.blogspot.com/_GfhbKFlDnnI/Sb-Td-dy5GI/AAAAAAAAC_Y/r7BwDOh2r1w/s200/self+emp.gif" border="0" alt="" id="BLOGGER_PHOTO_ID_5314128228513932386" name="BLOGGER_PHOTO_ID_5314128228513932386"/></a>Self-employed workers don’t have taxes withheld from their paychecks. How can they get their stimulus money?<br />
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Most taxpayers who file an individual return will receive $400 in stimulus money in 2009 and in 2010; married couples who file a joint return will receive $800 each year. Instead of receiving a check, employees will get the money through a reduction in the taxes that are withheld from their paychecks, adding about $45 a month to their take-home pay for the rest of the year. More <a href="http://www.kiplinger.com/columns/ask/archive/2009/q0302.htm">here</a>. Obama offers more aid to small businessestag:recruitingblogs.com,2009-03-16:502551:Topic:5915212009-03-16T17:38:29.343ZMaureen Sharibhttps://recruitingblogs.com/profile/MaureenSharib
<a href="http://3.bp.blogspot.com/_GfhbKFlDnnI/Sb6N70jvU8I/AAAAAAAAC_A/1hIDZ7E1Gzc/s1600-h/small+biz.jpg"><img alt="" border="0" id="BLOGGER_PHOTO_ID_5313840669204108226" name="BLOGGER_PHOTO_ID_5313840669204108226" src="http://3.bp.blogspot.com/_GfhbKFlDnnI/Sb6N70jvU8I/AAAAAAAAC_A/1hIDZ7E1Gzc/s200/small+biz.jpg" style="float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;width: 91px; height: 127px;"></img></a> President Barack Obama on Monday offered a fresh package of aid to small businesses —"the heart of the American economy" — in an aggressive push to get big banks that got federal bailout money to do more lending to these struggling entrepreneurs.<br />
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"You deserve a chance. America needs you to have that chance," Obama told small business owners gathered in the White House East…
<a href="http://3.bp.blogspot.com/_GfhbKFlDnnI/Sb6N70jvU8I/AAAAAAAAC_A/1hIDZ7E1Gzc/s1600-h/small+biz.jpg"><img style="float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;width: 91px; height: 127px;" src="http://3.bp.blogspot.com/_GfhbKFlDnnI/Sb6N70jvU8I/AAAAAAAAC_A/1hIDZ7E1Gzc/s200/small+biz.jpg" border="0" alt="" id="BLOGGER_PHOTO_ID_5313840669204108226" name="BLOGGER_PHOTO_ID_5313840669204108226"/></a>President Barack Obama on Monday offered a fresh package of aid to small businesses —"the heart of the American economy" — in an aggressive push to get big banks that got federal bailout money to do more lending to these struggling entrepreneurs.<br />
<br />
"You deserve a chance. America needs you to have that chance," Obama told small business owners gathered in the White House East Room. "And as president I will continue to do everything in my power to ensure that you have the opportunity to contribute to your community, to our economy and to the future of the United States of America," the president said. More <a href="http://news.yahoo.com/s/ap/20090316/ap_on_go_pr_wh/obama_economy">here</a>. Tax Issues to Consider Before Selling a Businesstag:recruitingblogs.com,2009-03-08:502551:Topic:5802542009-03-08T08:39:19.489ZMaureen Sharibhttps://recruitingblogs.com/profile/MaureenSharib
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<i>The government views the income you receive on the sale of your business in one of two ways: Basically, it is seen as either personal income or capital gains. Personal income is generally taxed 10 percent higher than capital gains, giving capital gains a decidedly greater tax advantage. When selling your company, the structure of the company and the nature of what's being sold determine whether the income is personal or capital gains.</i> More…
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<i>The government views the income you receive on the sale of your business in one of two ways: Basically, it is seen as either personal income or capital gains. Personal income is generally taxed 10 percent higher than capital gains, giving capital gains a decidedly greater tax advantage. When selling your company, the structure of the company and the nature of what's being sold determine whether the income is personal or capital gains.</i> More <a href="http://www.allbusiness.com/buying-exiting-businesses/selling-a-business/1447-1.html">here</a>.<br />
******<br />
If you have an interest in selling (or buying a business) we welcome your experiences in the<br />
"SellYourOwnBusiness" group <a href="%20www.sellyourownbusiness.ning.com">here</a>. In the future we'll be having LIVE CHATS in the group around the subject! What happens when there are "fewer" of things?tag:recruitingblogs.com,2009-03-07:502551:Topic:5798902009-03-07T14:29:44.038ZMaureen Sharibhttps://recruitingblogs.com/profile/MaureenSharib
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As government data revealed that 651,000 more jobs disappeared in February, a sense took hold that growing joblessness may reflect a wrenching restructuring of the American economy. The unemployment rate surged to 8.1 percent, from 7.6 percent in January, its highest level in a quarter-century. In key industries — manufacturing, financial services and retail — layoffs have accelerated so quickly in recent months as to suggest that many companies are…
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As government data revealed that 651,000 more jobs disappeared in February, a sense took hold that growing joblessness may reflect a wrenching restructuring of the American economy. The unemployment rate surged to 8.1 percent, from 7.6 percent in January, its highest level in a quarter-century. In key industries — manufacturing, financial services and retail — layoffs have accelerated so quickly in recent months as to suggest that many companies are abandoning whole areas of business.<br />
<br />
“These jobs aren’t coming back,” said John E. Silvia, chief economist at Wachovia in Charlotte, N.C. “A lot of production either isn’t going to happen at all, or it’s going to happen somewhere other than the United States. <i>There are going to be fewer stores, fewer factories, fewer financial services operations.</i> Firms are making strategic decisions that they don’t want to be in their businesses.” More <a href="http://www.nytimes.com/2009/03/07/business/economy/07jobs.html?_r=1">here</a>. Urban Legend Put to Resttag:recruitingblogs.com,2009-02-25:502551:Topic:5666812009-02-25T16:21:53.778ZMaureen Sharibhttps://recruitingblogs.com/profile/MaureenSharib
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<i>"...the vast majority of SBA lenders do not loan on every property type in the SBA program. Many lenders specialize because SBA only insures the loan meaning the lender is still lending their own funds. I would recommend going with a non-bank SBA lender for maximum flexibility in this market. Most traditional commercial banks are extremely tight right now regardless of the SBA loan guarantees..."</i> ~ Malcolm Turner, President - CEO at Castle…
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<i>"...the vast majority of SBA lenders do not loan on every property type in the SBA program. Many lenders specialize because SBA only insures the loan meaning the lender is still lending their own funds. I would recommend going with a non-bank SBA lender for maximum flexibility in this market. Most traditional commercial banks are extremely tight right now regardless of the SBA loan guarantees..."</i> ~ Malcolm Turner, President - CEO at Castle Commercial Capital, LLC in response to <a href="http://www.linkedin.com/answers/finance-accounting/financing/public-funding/FIN_CFN_PFN/421295-14991052?browseIdx=6&sik=1234964078857&goback=%2Eahp%2Eabq_1_1234964078857_n_o_*2">this LinkedIn question</a>.