Bringing you the latest news on small business and more—this week it’s minimum wage, lion hunters, and the (supposedly) 10 billion dollar man.
Uncertainty, there and here
The Greek debt crisis has brought uncertainty not only to Europe, but to American importers as well.
Shutdowns, short and long
Last Thursday, the SBA’s flagship 7a loan program hit its cap. Fortunately, Congress acted fast to raise the cap on Monday to $23.5 billion, enabling the program to reopen.
Congressional opposition shut down the Export-Import Bank earlier this year. The Bank’s supporters argue that the shutdown has been disproportionally hurting small businesses.
Lions, and tigers, and Yelp critics
Protesters have gone after Walter Palmer’s dental practice both on-site and online amidst public outrage after he killed Cecil the lion in a wildlife reserve.
What’s in a name?
Donald Trump’s wealth was called into question after he bragged about his $10 billion net worth. Bloomberg estimated that he exaggerated quite a bit; discrepancies include Trump’s name, which he values at $3 billion.
Rising tides
Recent polls have found that most small businesses owners support raising the minimum wage, even in the retail and restaurant industries.
Big ideas
The House Ways and Means Committee is working on legislation to lower taxes on Intellectual Property.
Advice from the headlines:
- Getting your business funded can be very difficult, and the right business plan can prove vital in making it happen. Cherree Warrick offers advice on how to do it.
- Another take on getting funds: It pays to know who your customers are and start selling to them before looking for funding.
- Franchise financing can be especially complicated. Hopefully this guide helps make sense of it.
What do you think of this week’s small business news?
Michael X. Heiligenstein manages communications and marketing at Fit Small Business, a product and service review site for small businesses. Previously he has written and edited for the Saturday Evening Post and run his own small business as a marketing consultant and copywriter. In his spare time, he enjoys writing, playing guitar and learning new things.
