SBA Small Business Outreach Tour Travels Michigan to Meet Small Business Owners

Don’t miss the first ever statewide SBA Small Business Outreach Tour! 

Are you a small business owner looking for tools to take your business to the next level?  Do you need information, contacts, and resources to start your business?  

Get connected to experts in lending, government contracting, business growth, financial management, exporting and much more! 

Get inspired by stories of successful small business owners in your region.

Get informed about what’s happening in your community from local economic development resources. 

Get to the SBA Small Business Outreach Tour! It’s FREE, and coming to a city near you!

Learn more about the SBA’s Michigan Small Business Tour

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5 Keys to Achieving Fiscal Fitness For Small Business CEOs Planned For Fall

MICHIGAN- The Michigan Small Business & Technology Development Center (MI-SBTDC) will present financial tools workshops in metro Detroit in during the fall.  “5 Keys to Achieving Fiscal Fitness,” a workshop to help the non-financial manager business owner achieve Fiscal Fitness is a state-wide training program designed to strengthen financial literacy and improve the ability to access capital businesses need to grow. The program is sponsored by Fifth Third Bank and events will be held in Waterford, Livonia and Detroit.

Topics to be discussed include:

  • Identifying problems using your balance sheet and income statement
  • Providing ways to increase your company’s cash flow
  •  Using breakeven analysis to improve decision-making
  • Planning the working capital to support your growth
  • How to keep your banker on your side

“5 Keys to Achieving Fiscal Fitness” will cost $25 per participant (Fifth Third clients can attend at no cost.) Classes will be held: 

  • September 28         Oakland County Business Center in Waterford
  • October 4                Schoolcraft College in Livonia
  • November 3            TechTown in Detroit

Networking and continental breakfast start at 8 a.m. and the seminar is from 8:30 a.m. until 12 p.m.  Register online or call (734) 487-0355 for more information.

 “In these trying financial times, Fifth Third bank recognized how important it is to reach out to business owners and help them become savvier in managing their business finances. Fifth Third Bank is proud to support the MI-SBTDC is these efforts.”  Dolores Sturdivant – Fifth Third Bank.

The Michigan Small Business & Technology Development Center (MI-SBTDC) is a statewide business assistance program that provides one-on-one counseling, training and research support for Michigan small businesses. The Southeast Michigan Region serves Wayne, Oakland and Monroe counties is headquartered at the Eastern Michigan University College of Business in the Center for Entrepreneurship with full service locations at TechTown in Detroit, Schoolcraft College in Livonia, the Monroe Industrial Development Corporation and Oakland County Business Center.

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. Fifth Third operates five main businesses: Commercial Banking, Branch Banking, Consumer Lending, Investment Advisors and Fifth Third Processing Solutions.  http://www.misbtdc.net/events.aspx

What do Apple Computer, Hershey’s, Mary Kay Cosmetics, and the Ford Motor Company have in common?

WASHINGTON – What do Apple Computer, Hershey’s, Mary Kay Cosmetics, and the Ford Motor Company have in common? These well-known corporations all started out as home-based businesses. In fact, more than half of all U.S. businesses are based out of an owner’s home.  Starting a home-based business has many rewards as well as challenges. Join chat host Boyd Wright to learn what it takes to grow a successful home-based business.

WHO:  Home-based business champion and small business owner Boyd Wright will host the July Web chat on “Growing a Home-Based Business: What You Need to Know.”  Chat participants can get valuable insight from Wright and learn more about working out of your house, starting a home-based business and managing the business within the law. Wright will answer questions on how to grow a home-based business, the benefits and the challenges.

WHAT:  SBA’s web chat series provides small business owners with an opportunity to discuss relevant business issues online with experts, industry leaders and successful entrepreneurs.  Chat participants have direct, real-time access to the web chats via questions they submit online in advance, and during the live session.  Chat participants can receive helpful tips and advice on how to grow their businesses.

WHEN:  July 28, 2011, 1 p.m. ET

Wright will answer questions for one hour.      

HOW:  Web chat participants can post questions online in advance and on July 28, join the live web chat by going online to www.sba.gov, and click on the web chat event under What’s New. 

To review archives of past web chats, visit online at http://www.sba.gov/tools/monthlywebchat/index.html

Nationwide Small Business Roundtables on Women Entrepreneurship

Washington, D.C. – Today, in recognition of the significant role that women-owned businesses play in our economy, the Office of Advocacy launched a nationwide series of roundtables on women’s entrepreneurship. These roundtables convened by Advocacy’s Regional Advocates and taking place between June 27 and June 30th will bring together federal officials, private sector representatives and women entrepreneurs to discuss the issues and challenges that women entrepreneur’s face.  Roundtables are being held in Portland, ME, New York City, Philadelphia, Atlanta, Madison WI, New Orleans, Des Moines, Denver, Los Angeles, and Spokane, WA.

“For continued economic growth women entrepreneurs must play a prominent role,” said Chief Counsel for Advocacy Winslow Sargeant.  “These roundtables will bring together women-owned businesses and entrepreneurs to provide a forum to discuss issues impacting them.”

A summary of  an upcoming Advocacy study, Gender Issues: Privately Owned and Publicly Held U.S. Firms, released in conjunction with these regional roundtables, shows that nationally, the number of women-owned businesses increased by almost 44 percent, from 5.4 million in 1997 to 7.8 million in 2007. In addition, the number of women-owned businesses grew at twice the rate of male-owned businesses from 1997 to 2007: 44 and 22 percent, respectively.  The study is based primarily on U.S. firm information from the 1997, 2002, and 2007 Survey of Business Owners (SBO), the latest and most comprehensive business datasets released by the U.S. Bureau of the Census.

According to the data, the number of women-owned businesses increased in every state, and their rate of ownership generally increased or remained the same over the decade. The rate, however, rose and then fell slightly in some states from a high in 2002. It also found that business ownership expanded in all 50 states and the District of Columbia in 1997-2007.

The Office of Advocacy of the U.S. Small Business Administration (SBA) is an independent voice for small business within the federal government.  The presidentially appointed Chief Counsel for Advocacy advances the views, concerns, and interests of small business before Congress, the White House, federal agencies, federal courts, and state policymakers. Regional advocates and an office in Washington, D.C., support the Chief Counsel’s efforts. For more information, visit http://www.sba.gov/advocacy, or call (202) 205-6533.

SBA Introduces New Mobile Application for Small Business Owners and Entrepreneurs

New SBA mobile application brings enhanced access to information and resources

Smart phone users interested in starting or growing a small business can now find helpful resources at their fingertips via a new SBA mobile application from the U.S. Small Business Administration.

“Increasingly, smart phones are the vehicle through which Americans access information.  This is certainly true of many entrepreneurs and small business owners and this new application ensures they will have access to SBA’s resources and programs – literally at their fingertips,” said SBA Administrator Karen G. Mills.  “Greater mobility fits with the new user-focused SBA.gov launched recently, and is another example of the steps we are taking to do a better job of connecting entrepreneurs and small business owners with the tools to help them start or grow their businesses and create jobs.”

Developed and donated as a gift by Palo Alto Software, Inc., the SBA mobile app will make the search for extensive resources more efficient, whether users are starting a new business or taking an existing business to a new level.  The app will first be available for the Apple iPhone®, with future versions for other smart phone platforms.

“Palo Alto Software’s mission is to help small businesses succeed.  We’ve developed this mobile application for the SBA because we understand the importance of having the right tools and resources when starting or growing a business,” said Sabrina Parsons, CEO of Palo Alto Software.  “Ideas can strike entrepreneurs at any moment, and having useful resources available through mobile devices could be the impetus that begins the next big company.”

The mobile app will help users connect with SBA district office staff and SBA-affiliated counselors and mentors who can provide free, personalized small business assistance.  The user-friendly format of the app will help answer questions such as: 

  • How do I start a business? 
  • Where can I go in my area to get free help with writing a business plan? 
  • And where do I begin finding funding for my business?

The SBA mobile app also features a built-in startup cost calculator to help estimate the costs associated with getting a business off the ground, plus an SBA partner locator to help users find SBA offices, Small Business and Technology Development Centers, Women’s Business Centers and SCORE.

Users will also have mobile access to SBA video content and social media alerts to provide them with tips on the go.  This will include live updates from the SBA’s YouTube channel and from SBA’s Twitter feeds.  The free mobile app can be downloaded from the SBA’s website at www.sba.gov/content/sba-mobile-app .

President Obama Proclaims National Small Business Week Small Businesses Helping To Put Country Back On Track

WASHINGTON – President Barack Obama hailed small business owners as the backbone of the nation’s economy in his proclamation of the week of May 15-21 as National Small Business Week. The President declared them to be the embodiment of America’s promise: “the idea that if you have a good idea and are willing to work hard enough, you can succeed in our country.”

The President’s proclamation was issued before the U.S. Small Business Administration’s 48th annual observance of National Small Business Week in Washington, D.C.  (May 18-20).  The event honors outstanding entrepreneurs from across the country, and features announcement of the 2011 National Small Business Person of the Year, who is selected from among 54 small business award winners from 50 states, D.C., Guam, Puerto Rico and the Virgin Islands.

The President’s proclamation states: “Our country started as an idea, and it took hard-working, dedicated, and visionary patriots to make it a reality.  A successful business starts much the same way—ideas realized by entrepreneurs who dream of a better world and work until they see it through.  From the family businesses that anchor Main Street to the high-tech startups that keep America on the cutting edge, small businesses are the backbone of our economy and the cornerstones of America’s promise. 

“Throughout our economic recovery, persevering small businesses have helped put our country back on track.  Countless new and saved jobs have come from small businesses who took advantage of tax relief, access to capital, and other tools in the Recovery Act, the Small Business Jobs Act, and other initiatives launched by my Administration to put Americans back to work.  To ensure the stability of our recovery, we must continue to provide new opportunities for small business owners and the next generation of entrepreneurs, who will help us out-innovate and out-build our global competitors to win the future.

“To support high-growth businesses, my Administration has launched Startup America, an initiative that will strengthen access to capital and mentoring while reducing barriers to growth for small businesses.  Entrepreneurship is essential to the strength and resilience of our economy and our way of life.  Startup America will give entrepreneurs the tools they need to build their business into the next great American company.  To encourage innovation, we released the Strategy for American Innovation, a report outlining my Administration’s plan to harness ingenuity.  This means investing in the building blocks of innovation, like education and infrastructure, while promoting market-based growth through tax credits and effective intellectual property laws.        

“The National Export Initiative is working to open markets to American businesses and support small exporters, who increase American competitiveness abroad and create good jobs here at home.  We continue to create opportunity for businesses in underserved communities through new lending initiatives, expanded access to counseling and technical assistance. We are also working to provide small businesses more opportunities to compete for Federal contracts. This gives Federal agencies access to some of our country’s best products and services while helping these businesses grow and employ community members.  Through these and other initiatives, we are supporting the entrepreneurs and small businesses that provide work for half of American workers and create two out of every three new jobs.

“Small businesses embody the promise of America: that if you have a good idea and are willing to work hard enough, you can succeed in our country.  This week, we honor and celebrate the individuals whose inspiration and efforts keep America strong.” 

 Full text of the President’s National Small Business Week proclamation .

National Small Business Week 2011 will be highlighted with two-and-a-half days of events in Washington, D.C., at the Mandarin Oriental Hotel, where more than 100 outstanding business owners from across the country will be recognized.  In addition to the State Small Business Persons of the Year, men and women involved in disaster recovery, government contracting, small business champions as well as SBA partners in financial and entrepreneurial development will be honored.

Under the National Small Business Week 2011 theme of “Empowering Entrepreneurs,” featured speakers include Senator Jack Reed (D – Rhode Island); Senator Mary Landrieu (D – Louisiana); Valerie B. Jarrett, Senior Advisor to President Barack Obama; Steve Case, Co-Founder of AOL and Chair of Start-Up America Partnership; Cathy Hughes, Founder and Chairperson of Radio One, and Chair of SBA’s Council on Underserved Communities; SBA Administrator Karen Mills and SBA Deputy Administrator Marie Johns.

A complete agenda for the event is posted at www.NationalSmallBusinessWeek.com. Also featured are a series of executive panel forums on Strategies for High Growth, Exporting and Social Media.  The public can “attend” Small Business Week events virtually, via the SBA’s streaming video

Small Business Week 2011 cosponsors include: Association of Small Business Development Companies, AT&T, AVAYA, CareerBuilder, Dun & Bradstreet, Google, International Franchise Association, Intuit, Lockheed Martin, Microsoft, National Association of Development Companies,  National Association of Government Guaranteed Lenders, National Association of Small Business Investment Companies, National Association for the Self-Employed, National Small Business Association, Nomadic Display, Northrop Grumman, Office Depot, Raytheon, Sam’s Club, SCORE, The Neat Company, Verio, Visa, the Wall Street Journal, and Women Impacting Public Policy.

$1 Million Business Plan Contest Returns to Michigan

One of the world’s richest business plan competitions is coming back to Michigan this fall.

The Accelerate Michigan Innovation Competition, supported through the collaborative efforts of the founders, the Business Accelerator Network for Southeast Michigan and the New Economy Initiative of Southeast Michigan and the premier sponsors, Business Leaders for Michigan and the University Research Corridor, will return Nov. 16 and 17.

Cash winnings, plus in-kind awards of services, staffing and software valued at more than $1 million will be awarded to top entrepreneurial businesses that make a commitment to locate and grow in Michigan. The Accelerate Michigan Innovation Competition includes a competition for college students with innovative business ideas.

CLICK HERE for more information.