Obama’s Proposed Budget Will Encourage Small Businesses.
Filed in archive Small Business on February 1, 2011
2011 will be a good year for small businesses. The proposed budget to be submitted by President Obama this month will offer continued tax breaks to small businesses. This announcement from the White House came alongside the unveiling of a private-public initiative- Startup America Partnership led by Steve Case (AOL co-founder), to help small and support small businesses to secure funding.
The budget proposal would recommend making the temporary tax cuts for small business investors permanent. Those investing into small businesses would also get breaks in capital gains taxes post selling.
In a statement issued by Obama, he said that small business owners embody the American promise. He also said that small businesses play a critical role in expanding the American economy and job creation while fulfilling that promise.
© ShashiBellamkonda
© ShashiBellamkonda
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Small Businesses Given Boost By Obama
Filed in archive Small Business on February 1, 2011
© ShashiBellamkonda
Obama has given small businesses a big boost in his budget by allocating $2bn to be invested into small businesses, as well as providing further tax breaks. In addition to this proposal, a public-private initiative was also presented, with AOL co-founder Steve Case, to provide additional funding and help support growing small businesses.
Known as the Startup America Partnership, Steve Case has put together a group of large organizations who have already begun supporting small businesses through mentoring, investing, and educating the business owners. Many companies have already pledged their support; Intel have committed $200 million, IBM committing $150 million, and Facebook offering 15 Start Up days around th country to mentor aspiring entrepreneurs.
You can read more about the partnership here.
© ShashiBellamkonda
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The Pros of Owning and Running Your Own Small Business
Filed in archive Small Business on January 16, 2011
© juhansoninWhy would you want to start your own small business?
There are a number of benefits in having a small business, as opposed to being an employee for another organization. In fact, one of the reasons that many CEOs start their own small business is to gain financial freedom. Running a business allows you the ability to earn profits in return for providing products or services to the market place, and a small business can be a very lucrative venture. Having your own small business also means that you determine your own working schedule and activities, so this means that you have more direction over your time. This independence means you will be your own boss and you can make decisions for yourself.
© juhansonin
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