Small Business World News Round-up 2009/07/28

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

  • Mom-and-Pop Operators Turn to Social Media: For many mom-and-pop businesses with no ad budget, the microblogging service is their sole means of marketing.
  • Main Street’s soaring sour loans: As the effects of the economic collapse began pouring down Main Street, the government last year was left holding a record $2.1 billion in write-offs of small business loans it had guaranteed. Officials expect the number of defaults to rise as the nation…
  • Would the Health Plan Help Small Business: President Says Small Businesses Pay 18 Percent More for Health Care, but Do Owners Want a New System?
  • Small Business Owners Question Minimum Wage Increase: A minimum wage increase means 70 cents more per hour for the lowest-paid Americans, but some economists say the added payroll expense could force some small businesses to lay off workers in the midst of rising unemployment.
  • Lending dwindle for small business: Frustrated by loan rejections and shrinking lines of credit at the national mega-banks and some of the larger local lenders, these owners say they are finding more success with the tiny credit unions and community banks that dot Delaware’s roadsides.

Canada Home & Small Business News Roundup

  • Capital Cost Allowance: A definition of Capital Cost Allowance and an explanation of how Capital Cost Allowance relates to income tax deductions for Canadian small business owners.
  • Location,location, location IQ for savvy entrepreneurs: If, say, you want to start a chain of coffee shops in the Metro Vancouver area, Sean Gorman recommends using visual intelligence (also called location intelligence) which provides digital maps and data to give a snapshot — actually more a panorama than a snapshot — of an area.
  • Certifications: The mark of a she-EO: A new certificate that can help female entrepreneurs prove they’re female entrepreneurs? It will unlock more opportunities than you think.
  • Private Lender: Where can entrepreneurs go when the bank says, “No”? One small business financing alternative is the private lender. This interview with one private lender tells what private lenders look for before investing and one way to find one.
  • Retail Sales Tax (RST) And… :An outline of the process of charging, collecting, and remitting retail sales tax (RST) in Ontario, using the example of a small retail business. This provincial sales tax explanation also applies to small businesses in BC, Saskatchewan and Manitoba.

Australia Home & Small Business News Roundup

India Home & Small Business News Roundup

  • HDFC Bank cuts lending rate by 25 basis points: MUMBAI – India’s Central bank cut key rates Tuesday by 25 basis points in a move to infuse more liquidity into the system and stimulate lending growth. The Reserve Bank of India (RBI) cut the repo rate by 25 basis
  • Small firms still struggling with slowdown, says survey: A majority of small and medium enterprises (SMEs) in India are still struggling to cope with the global slowdown and remain unaware about the stimulus measures taken by the government to help them, says an industry survey.
  • Venture capitalists have little fancy for Indian start-ups: Dreamy-eyed Indian entrepreneurs hoping to talk their way into getting venture capital for their start-ups might as well look elsewhere for funding. It doesn’t happen in India, not often anyway, investors and experts in the industry maintain.
  • Indian Angel Network Partners EnterPrize – Business Plan Competition: Indian Angel Network has Partnered EnterPrize- A Business Plan Competition Launched By TiE (The Indus Entrepreneurs) Chandigarh in Association with Chandigarh Administration Department of IT and Supported by STPI
  • Small tea growers threaten massive agitation: The All Assam Small Tea Growers Association (AASTGA) has given 15-days deadline to the State Government to resolve its demands failing which it will launch a massive agitation on July 28. … land allotment to the growers and withdrawal of land revenue rate. There are about 35000 small tea growers and they have been playing a key role in the State economy.

UK & Ireland Home & Small Business News Roundup

  • Darling criticism puts banks on defensive: Chancellor says small and medium-sized businesses are still paying too much for bank loans that remain in short supply
  • London’s SMEs Defy Recession: As London’s small businesses bear the brunt of the recession many are still looking to grow, according to Business Link in London’s new Diverse Business Confidence Index (the Index). The first of its kind, the Index surveyed over 3,000 small businesses in London and found that 84 per cent are planning on expanding and growing their business over the coming year. Nearly two thirds of entrepreneurs surveyed said that the recession is still affecting their business with 39 per cent saying the recession has significantly impacted overall budgets and expenditure.
  • Fighting Crime Against Small 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.
  • Rise in lending to British SMEs: Lending to small businesses in Britain rose by £391 million pounds in June, indicating that banks are providing additional support for companies in the recession, the British Bankers’ Association (BBA) said.
  • FPB welcomes report recognising health and safety worries for small firms: The FPB this week welcomed a report which acknowledges the confusion felt by many small businesses over health and safety law.

WinWeb_Logo &

  • Five Tips For Making Your Home Office Child Friendly: The top 5 tips weekly post is always full of hints and tips for small, home & micro business owners.
  • Business 09, WIn £10,000: What would you do with the main prize money? Start a business? Invest in your current business? Tell us and you could win. Help to WinWeb achieve it’s Unleash It! Challange of helping to start 1000 small businesses.
  • 10 Small Business Startup Ideas: If you are sat at home this weekend contemplating starting your own small / micro home business or becoming a self-employed freelancer / sole trader then here are ten quick-fire business ideas to use as a starting point.
  • Our Climate Is Changing. You Can Help. Work Online.: There is a lot one can do to help the environment with the choices we make buying products and services. WinWeb’s OnlineOffice deploys environmentally friendly business processes and technologies to help reduce our carbon footprint. By using OnlineOffice as your business application you will not only gain all the benefits, but reduce your businesses carbon footprint, too.

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

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