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Finance


Tax Cuts Don’t Create Jobs
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Tax Cuts Don’t Create Jobs

If you run a home-based business we’d like to know if the following rings true: “The jobs numbers were lousy (as we predicted).  The Administration’s solution is small business tax cuts.  While this is a good idea in the long haul, it is not a solution to the short term problem.  Simple logic says you don’t hire a worker or invest in a piece of...

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SBA Recovery Loans – More Than Half Likely to Default

Image via Wikipedia What the government didn’t learn from the FannieMae (FNMA), they’ve now applied to small business lending, sadly, with equal effect. As part of the 2009 American Recovery and Reinvestment Act, the government authorized the Small Business Administration (SBA) to offer interest-deferred loans to small businesses that were having trouble making loan payments. The theory is that these American Recovery Capital (ARC) loans...

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SBA Still Eager To Help Work-From-Home Entrepreneurs
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SBA Still Eager To Help Work-From-Home Entrepreneurs

Half of all small businesses are home-based according to the SBA Office of Advocacy. But the SBA guaranteed fewer loans in FY2008, but only because of a “perfect storm” of tightened credit by commercial lenders, declining creditworthiness, and reduced demand for loans from small business borrowers uncertain about the future. SBA posted a record year in 2007 with nearly 100,000 loans approved, but that number...

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State Business Opportunity Laws Can Save Your Butt
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State Business Opportunity Laws Can Save Your Butt

Twenty-six states have ‘business opportunity’ laws to protect you from those idiots that claim you can make thousands of dollars while you sleep. The laws prohibit the sale of business opportunities unless you’re given a pre-sale disclosure document that must be filed with a designated state agency. They typically cover every imaginable type of business opportunity that might be offered. If a business opportunity seller...

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