Small Business World News Round-up 2009/07/14

Here is this week’s news round-up for home business, micro business, sole-traders, freelancers, self-employed and any one who is interested in small business news from around the world.

US Home & Small Business News Roundup

  • California vendors fight for their cash: As if struggling to stay afloat during a faltering economy isn’t difficult enough, hundreds of small business vendors that rely on contracts with California are facing another hurdle: There’s a good chance the state won’t be paying any of their invoices this month.
  • Obama considers bailout for small business: The Obama administration is considering using money from the $700 billion financial bailout fund to provide further assistance to the nation’s struggling small businesses.
  • Droopping home values crunch credit: When Marcia Blackwell and her husband Tom founded Blackwell’s Organic Gelato in 2005, they did what many small business owners do: They funded their efforts with a home equity line of credit. The interest rate was then about half that of a traditional business loan, even one backed by the Small Business Administration, and the money was available fast.
  • Small businesses get a tax break for now: The IRS has temporarily stopped collecting penalties from some small businesses that have been hit with big fines for not disclosing the use of questionable tax shelters.
  • Fixing Up Foreclosures for Safety, Not Style: KEVIN CHANDLER and his business partner have seen the ugliness left behind in the foreclosed homes they have been fixing up in St. Paul: the garbage, the graffiti, rats, ripped-out copper tubing and once, water lapping up to the rim of the basement walls, the evicted owner’s parting shot.

Canada Home & Small Business News Roundup

  • B.C small businesses cautiously optimistic about the economy: Vancouver businessman Adrian van Wijk is increasingly optimistic about his economic future, with orders growing steadily over the past several months. And he’s not alone, according to a survey released this week by the Canadian Federation of Independent Business (CFIB).
  • Small business owners remain optimistic: Optimism surged upwards among small business owners in Saskatchewan in June but dropped in many other provinces, according to survey results released Wednesday.
  • Quick Cash Flow Management: Cash flow is truly the lifeblood of any small business. So when tight credit starts choking your cash flow, it’s important that you act right away to remove the blockage and get your business’ cash flow flowing again. Here are five quick things you can do to improve your small business’ cash flow.
  • It’s important to help SMEs do more business: The Conservative government has been a long-standing advocate of small- and medium-sized enterprises (SMEs). That’s why we’ve introduced a number of measures across the government to help SMEs, including lowering the taxes they pay.
  • Tax policy for better or worse,Changes can lead to dramatic consequences: For better or for worse, tax policy, aside from raising revenues for governments, can have a direct effect on societal behaviour.

Australia Home & Small Business News Roundup

India Home & Small Business News Roundup

  • Administration in early talks about further help for small…: But the officials stressed that the plans underscore that the White House and Treasury Departments, together with the Small Business Administration, are aware of the problems confronting main street America. Three officials spoke on condition of anonymity …. February 15th, 2009 NEW DELHI – India has increased its estimate for loans and grants for other countries this fiscal by 51.4 percent, with major loans to Nepal and the Maldives. The total non-plan loans and grants …
  • CEOs see relief by yearend: Global chief executives are more optimistic about the short-term future and a majority of those surveyed expect the economic scenario to improve in the next six months, a study said.
  • Singapore largest investor in India among Asean nations: ‘Traders, businessmen and investors of ASEAN countries are interested in building close ties with the India’s northeastern states to strengthen economic relations and promote trade and business,’ Indonesian ambassador in India Andi Mohammad Ghalib told
  • Small biz in emerging markets up IT spend (ZDNet Asia): Fewer small businesses in markets such as China and India are feeling pinch from downturn, with 17 percent indicating budget increases, new research shows. Compare your salary Use the IT salary benchmark wizard and know the average salary differences between different job functions.
  • Budget 09-10, small businesses rejoice: The support to the small businesses in Budget 2009 in the provision discussed above is a proof for the people friendly tax authorities of India. Kudos Mr. Finance Minister. After all the hype and hoopla created over multi-billion dollar …

UK & Ireland Home & Small Business News Roundup

  • Police must show commitment to fighting crimes against business: The Federation of Small Businesses (FSB) is launching a best practice checklist for police officers to use to prove their commitment to their local business community, warning that ‘recessionary crime’ against business is on the rise.
  • Survey finds 24% of SME loans declined: Banks are refusing almost a quarter of credit applications from small businesses and have become more cautious in their lending, according to an independent review.
  • Swine Flu Advice for SMEs: With the number of confirmed swine flu cases reaching 7,500 in the UK and health bosses expecting 100,000 new cases to be diagnosed every day by the end of August, the Forum of Private Business (FPB) is calling for all smaller businesses to make sure they are properly prepared.
  • SMEs seek funds from family: The number of small and medium-sized enterprise (SME) owners who would consider borrowing money from friends or family has doubled in the past year, a new study suggests.
  • London SMEs will pull us out of recession: Small businesses in the capital will pull the UK economy out of recession, said Mayor of London Boris Johnson last night.
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  • WinWeb Releases Fixed-Priced Business Services For Freelancers, Home Businesses & Small Offices: Stefan Töpfer, CEO of WinWeb says, “So far we have provided tools, like OnlineOffice, to help our clients to solve their small business problems, now we actually solve these problems for our clients in an integrated way, leaving them to explore their entrepreneurial vision and look after their business, not their admin and IT.” Services include: bookkeeping, call & fax management, business address, mail hold & forwarding, web site design and maintenance, SEO – search engine optimization, payroll, graphic design, export services, online marketing and PR services, online presenters, online shop setup and maintenance and as before many Pay-As-You-Go services like parcel service, translation service and many more.
  • WinWeb CEO calls UK Government broadband commitment “Agenda of Underachieving: WinWeb CEO, Stefan Töpfer, today called the UK government’s commitment to broadband coverage, of 2Mb per second into the UK by 2012, an agenda of underachieving and is extremely damaging for home and small businesses. While the SME sector is responsible for over 50% of UK employment and GDP the government is implementing policies
  • More Than 70% of SMEs Still In Need Of Web Presence To Join Global Market: While many of us ’surf’ the Internet everyday, tweeting or socializing on facebook or linkedin, more than 70 % of small and home businesses have no online presence, like a web-site, online shop or a blog. While the motto of the past was “Think Global – Do Local”, this is certainly no longer the case for
  • Starting A Small Home Business With Out Breaking The Bank Or Losing Your Pension: As more and more people are contemplating a small home business startup, the question of financing the entrepreneurial lifestyle can leave you seriously out of pocket. But how much money do you really need to start a small home business? How can you estimate what the financial risk is, to your bank account or you
  • WinWeb OnlineOffice – The Only One-Stop-Shop For Small Home Business Startup: With last week’s release of WinWeb’s BusinessServices, real business services, like bookkeeping, call handling, business address, etc. OnlineOffice is the leading one-stop-shop for small home business startup owners anywhere. These services can be ordered online from the website, or when you log in to OnlineOffice. All business services come with an element of free OnlineOffice use.

As always this list is not exhaustive, but I hope it will give you a little overview. — ST.

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