Meet The Small Business People Of The Year – Business Insider
Small Business Administration from every state,plus the District of Columbia, Puerto Rico, and Guam. Yellen, who was confirmed as a replacement for Ben Bernanke at the start of the year , said that since employment starting growing again in 2010,the private sector has accounted forallof the net increase in employment, given that public sector jobs shrank. What’s more, most of the increase has come from small business. Just over half of new jobs have been created by companies with less than 250 employees. “America has come a long way since the dark days of the financial crisis,” Yellen said, “and small businesses deserve a considerable share of the credit for the investment and hiring that have brought that progress.” Yellen was introduced byMaria Contreras-Sweet,administrator of theSBA.
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#2: You dont have to do it alone. There are a wide variety of resources available to help people start and grow small businesses. I admit that Im biased in that I work with a number of them. On one hand Im actually quite proud that Babson College is the only college on the Small Business Week co- sponsor list as a college for Small Business Week. (With a shout out to Chatham Universitys Center for Womens Entrepreneurship . Im separating out the two because of the way Babson focuses on entrepreneurship across the college). On the other hand, those keeping up with entrepreneurship education know that many schools are offering new and effective ways to learn and practice entrepreneurship. Those schools may not be sponsoring, but they are engaging. There are also many other co-sponsoring programs and organizations celebrating this week. Babson is very proud to work with 10,000 Small Businesses and alumni from that program across the country are sharing selfies through the Huffington Post (#SmallBizSelfie 2014) this week to acknowledge who they are and what they contribute to the economy. While the pictures are fun, its more about that intentional awareness of what they bring to the table as small business owners that makes this project (and week) special. #3: But, Entrepreneurship is not about the identity its about the action. We still have very conflicting and conflicted ideas about differences between entrepreneurship and small business. While on one hand, we do seem to be finally moving past the Beat on the chest, I am an Entrepreneur, Hear me roar, approach to increasingly recognize that all types of people can be entrepreneurial. The remnants of the old approach are usually more in the high tech, VC area. An area with a much higher failure rate than that of business in general, while focus on one domain recognizing that it is an area of much higher risk as well. The challenge with identity is timing. Henry Block , co-founder of HR Block is part of the Small Business Week Program in Kansas City . Mr.
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3 Things We Should Consider for Small Business Week 2014 – Forbes
The Taylors founded Pacifica in 1997 as a vegan candle and perfume company, and by 2008 they were bringing in $12 million in revenue. But then the economy crashed and distribution channels changed. They decided to expand the company beyond scents and move into beauty. But in order to make the change, Pacifica had to do something it had never done in its young history: Take on credit. They turned to Umpqua Bank in Oregon, which, with the backing of the SBA, was able to provide the crucial capital.
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