Small Business World News Round-up 2009/08/18

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

  • Small-Business stimulus Loans Off to Slow Start: Banks are moving slowly to help companies hit by the recession, and the Small Business Administration is fine with that: the money will last longer.
  • As Deal-Making Returns, Midsize Companies Are Seen as Prime Targets: Some experts say they believe midsize companies, many owned by baby boomers, are set for a mergers-and-acquisitions resurgence.
  • Banks wary of ARC loans: More than 1,000 emergency loans have been granted to struggling companies since the Small Business Administration launched the much-anticipated America’s Recovery Capital program in mid-June, according to a lending tally released this week. While the list confirms that the program is likely to hit its goal of making 10,000 loans by the time it ends in late 2010, it also reveals that banks are still cautious about participating.
  • Poor sales lead to shuttered stores: Small business owners say weak spending is their biggest problem, according to a new survey — and few see improvement on the horizon.
  • Recovery Act boosts Venture capital: Small businesses having difficulty securing private-equity or venture capital may find it easier to get funding because of changes made to the American Recovery and Reinvestment Act.

Canada Home & Small Business News Roundup

  • Income Tax Deductions: This three part article on small business tax deductions covers keeping track of your business expenses throughout the year, tax deductions related to the cost of doing business, and home business tax deductions. This page provides specific information about home business tax deductions that home business owners can deduct on their income tax.
  • Junior sector ripe for consolidation: The oilpatch’s struggling junior sector could be ripe for consolidation by a new breed of startup with proven management and deep pockets, industry observers said Wednesday
  • Taking it to the bank … or not: Craig Stewart knew what the banks were going to say to him even before he opened his mouth. “We knew right away we didn’t fit the box of the banks,” he said. “They look at you through whether you fit into their box. As you grow in business, you start to realize banks are mostly there to do transactions.”
  • Is a Family Trust the Key to Your Future?: Setting up a family trust can give a small business owner a multitude of planning opportunities with potentially large advantages, says J.P. McAvoy, a lawyer with Drache LLP in Ottawa.

Australia Home & Small Business News Roundup

India Home & Small Business News Roundup

  • Small Business Loan For Entrepreneurs: Business Loans India : Comparisons and Analysis of All Information of Business Loans in India Business Loans India : Comparisons and Analysis of All Information of Business Loans in India »Business Loans India : Small Business Loan For…
  • Why India is a Friend for Small Businesses: China is the new economy powerhouse, but India is the most small business-friendly country in the world.Regardless of opinions saying that India, despite being the destination for outsourcing for quite a long time, lack professionalism and quality, I view India as the most competent country in the world when it comes to outsourcing, especially in IT.
  • Top MBA Colleges in India-The right destination for Commerce: Top MBA Colleges in India- The right destination for Commerce. There are a high number of MBA colleges in India, which are providing a wide range of courses in the business field. But if you would have to choose the top college from the various colleges in the co… … Financial Freedom – Your Own Small Business …
  • New Ventures India Forum a Boon for Sustainable Enterprise: At the third annual New Ventures India Investor Forum in Mumbai, sustainable entrepreneurs connected with investors to network, build partnerships and find opportunities for growth.

UK & Ireland Home & Small Business News Roundup

  • This business is all about survival: RUNNING a small business in a recession can be a fight for survival – so Christian Fox’s firm is better placed than most to come through…
  • Investment tricksters fleece small firms: Cash-strapped small businesses are falling victim to an aggressive new breed of fraudster fleecing them for ‘finders’ fees’ for investments that never materialise
  • Supply2gov drops annual charge to attract tenders from small businesses: The Government has scrapped the £180 annual charge for businesses using its procurement website supply2.gov.uk.
  • SMEs to ‘market way out recession’: Many small businesses will increase their marketing budgets over the next 12 months, says a new survey by YouGov and printing company HPThe survey of nearly 1,000 small business owners found that 38 per cent plan to invest more in marketing.
  • Finance still blocked to SMEs: Small businesses are still being denied finance, despite larger companies seeing an improvement in credit availability, says a survey by the Confederation of British Industry (CBI).
  • As always this list is not exhaustive, but I hope it will give you a little overview. — ST.
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