Small Business News

Small Business can Apply for ARC Loans Beginning Today

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U.S. Small Business Administration

— News Release —

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Release Date: June  15, 2009    Contact: David J. Hall  (202) 205-6697
Release Number: 09-41    Internet Address: http://www.sba.gov/news

Small Business can Apply for ARC Loans Beginning Today

WASHINGTON � Starting today, June 15, SBA will begin accepting loans for a temporary new program called America�s Recovery Capital.  �ARC� loans of up to $35,000 are designed to provide a �bridge� for viable small businesses with immediate financial hardship � to keep their doors open until they get back on track.

�These ARC loans are another tool in the SBA toolkit which will provide critical support to small businesses struggling to make it through these tough economic times,� said Administrator Karen G. Mills. 

ARC loans are deferred-payment loans of up to $35,000, available to established, viable, for-profit small businesses that need short-term help to make their principal and interest payments on existing and qualifying business debt. ARC loans are 100 percent guaranteed by the SBA and have no SBA fees associated with them.

ARC loans will be disbursed over a period of up to six months and will provide funds to be used for payments of principal and interest for existing, qualifying small business debt including mortgages, term and revolving lines of credit, capital leases, credit card obligations and notes payable to vendors, suppliers and utilities. SBA will pay the interest on ARC loans to the lenders at the
variable rate of Prime plus two percent.  

Repayment will not begin until 12 months after the final disbursement.  After the 12-month deferral period, borrowers will pay back the loan principal over a period of five years.

ARC loans will be made by commercial lenders, not SBA directly.  For more information on ARC loans, visit www.sba.gov

For more information about all of the SBA�s programs for small businesses, call the SBA Answer Desk at 1-800 U ASK SBA or TDD 704-344-6640, or visit the SBA�s Web site at http://www.sba.gov.

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At Aepiphanni Business Solutions, we are a Small Business Consulting Firm dedicated to serving the needs of small business owners. We specialize in helping business leaders and executives organize, plan and develop strategies for their organizations. We are committed to our clients’ success. 

If you have further questions about creating your strategy or developing your vision, please give me, Rick Meekins, a call at 678-265-3908, or email us at [email protected].


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Great Posts from Across the Web: 5/19/09

 

Three Rules for These Times
Harvard Business.org, MA

The first question business schools should teach their students to ask is my Rule #3: Ask the last question first. The last question is, what’s the point of the exercise? Jack Welch famously said it was to maximize shareholder value–a terrible answer [more�]

Only the Optimists Survive

Business Week
By Warren Bennis

“Only the paranoid survive” was the famous call to action by Intel pioneer Andy Grove, and that hyper-vigilant motto undeniably has worked wonders during his illustrious career. For leaders in today’s and tomorrow’s business climate [more�]clip_image002

What Really Triggers a Referral?

From: Duct Tape Marketing

Referrals most naturally happen when two people are talking and one of the parties expresses a pain in the neck. If the other party just had her pain in the neck fixed, she may very well say something like, �ooh, you just gotta call Bob, he�s the best pain in the neck fixer on the planet.� [more�]

How Do You Define Greatness? – BNET

The 7 Cs of Success

For the most deeply satisfying and sustainable forms of success, we need to bring into any challenge, opportunity, endeavor, or relationship:  [more…]

Finding a Business Partner

WA today, Australia
Take Steve Jobs and Stephen Wozniak, the founding partners of Apple. While the tech juggernaut is now worth $US135 billion, the original partnership between the founders famously fell apart. A big reason: The two men simply didn’t share the same career [more…]

Workplace Must Change to Meet Gen F Needs

By John McFerran � Winnipeg Free Press

Growing up online should work in the favour of Gen F – Generation Facebook, the under-25 group for whom technology is second nature. In fact, a new survey of 16-to-18-year-olds commissioned by software company FileMaker reports that respondents are more confident in their IT skills (82 per cent) than they are in their interpersonal skills (64 per cent) as they prepare to join the workforce. [more…]

At Aepiphanni Business Solutions, we are a Small Business Consulting Firm dedicated to serving the needs of small business owners. We specialize in helping business leaders and executives organize, plan and develop strategies for their organizations. We are committed to our clients’ success.

If you have further questions about creating your strategy or developing your vision, please give me, Rick Meekins, a call at 678-265-3908, or email us at [email protected].
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Great Posts from Across the Web

The New Era Of Purpose
Huffington Post, NY
article on March 12th, even Jack Welch declared the obsession with short-term profits and share-price gains as “a dumb idea.” At best, it acknowledges the critical role that profitability and strong performance plays in making a business viable.

There’sa big difference between the Great Depression and Economic
Valley Bugler Newspaper, WA
Business advisor Jack Welch predicts that when the downturn ceases, the American economy will be stronger and sounder than ever. Welch urges business people to talk about reasons for confidence. America is loaded with energy and creativity, he says.

clip_image002Lean and Green
Redmond Channel Partner, CA
Spurred at least in part by former Vice President Al Gore’s Nobel Prize-winning campaign to raise awareness about global warming, organizations worldwide have taken a hard look at reducing their “environmental footprints” in the past decade.

Building a Scaffold for Social Change
Whole Life Times, CA
We are experiencing a termination of capitalism as we have known it, a shutdown recently dubbed “The Great Disruption” by Thomas Friedman, in The New York Times. Until recently a leading cheerleader for Neoliberal globalization, Friedman has come to

Human Potential Untangled
T+D, VA
At the other extreme from the three traditional, methodical approaches to development was Peter Senge‘s vision of a “learning organization,” in which people are continually enhancing their capabilities to create the results they truly desire.

The Changing Role of the CMO
BusinessWeek
By Marshall Goldsmith Marketing is everywhere, but with the ubiquity of slogans and ads, it’s easy to forget that there’s more to marketing than meets the eye. As a result, it is often one of the first budgets to be cut in economic downturns.

Jim Collins: How to Thrive in 2009
Inc.com, NY
In other words, it’s not a bad time to be an entrepreneur You would be hard pressed to find two individuals more determined to uncover the secrets of business success than Jim Collins and Bo Burlingham. Collins is the author of the best-selling

21st Century Business Networking By: Alan Rae, Lisa Harris, and
Healthy Wealthy n Wise, WV
Some are essentially salesmen, some just like connecting people, and some are subject experts – ‘mavens’ in the terminology used by Malcolm Gladwell in his book, The Tipping Point. So you need to be clear what you’re doing in the network – are you

Tim Ferriss and Kevin Rose Discuss Angel Investing and Naming Companies from Glen McElhose on Vimeo

 http://vimeo.com/moogaloop.swf?clip_id=3934635&server=vimeo.com&show_title=1&show_byline=1&show_portrait=0&color=&fullscreen=1
Tim and Kevin from Glenn McElhose on Vimeo.

In this video, Kevin Rose – founder of Digg and others – and I talk about how we invest in other companies as “angels” and how we choose names for companies. Topics include:

-How to test company or product names using Google AdWords
-Kevin’s criteria for both good site names and good angel investments
-The role of start-up “advisors” and investors
-How I choose companies to work with: overlap, PR options, UI design.

It’s an Oprah-style conversation, so if watching isn’t an option, you can also opt to let the audio play in the background while you’re doing other things. Let us know if you’d like to see more of these brainstorming sessions.

Special thanks to Glenn McElhose for the great video shooting and editing!

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US Bailouts? Small Businesses Getting…

You know, when you look at what is going on in our economy, you should be as angry as I.

SBA Loan Cap Hits Minority Owners

Basically, this is saying that the SBA has decreased the number of loans that it is backing for small businesses, specifically those that are called Community Express Loans – generally in the neighborhood of about $5,000 – $25,000.  The purpose of the loans was to help minority business owners get smaller loans to start businesses.  Two thins have happened: 1) the parameters of the loan have changed, allowing the loans for a wider scope of buyers, for a number of new types of applications for the loan, making it less minority focused.

At the same time, the US government (no – not the US citizens) is seeking to bail out the US Auto Industry, directly.  This are the companies that have CEO’s with the foresight and wisdom to fly to Washington in private jets to meet with Congress.  It’s sort of like going through some of the less affluent neighborhoods around the country and seeking $50,000 SUV’s that are equipped with $50,000 in upgrades.  Something is wrong with that picture.

Lastly, I am hearing county after county after city after city that needs to cut funding and increase law enforcement.  They are cutting education and libraries.  I wonder –

Do you think that there is a correlation between education and criminal activity? 

Hmmm…so, as usual, let’s further empower those that have money and destabilize the rest of the country.  It sounds like the same power struggle we see in other developing countries.

This is so wrong.  What message is the SBA sending to all of the hard-working Americans out there who are struggling to get by?

What hope is there for the thousands who have gotten laid off of their corporate jobs, and need to start a business in order to subsidize their incomes?  What about those who have retired and are finding that their social security benefits just aren’t covering their needs?

When organizations begin cutting out their backbone, thinking no one will see, they essentially begin to erode from the inside out.  We’ve spent billions on insurance, banking, Wall Street and the auto industry, then turned and taken the backing (note – not the SBA doesn’t give out cash) for small business loans.

Oh, yeah…that’s right – for the past ten years, it’s a test program.  This needs to be on the list of “Change We Can Believe In!”image

At Aepiphanni Business Solutions, we are a Small Business Consulting Firm dedicated to serving the needs of small business owners. We specialize in helping you develop strategies for your organization, and are committed to your success. If you have further questions about creating your strategy or developing your vision, please give me, Rick Meekins, a call at 678-265-3908, or email us at [email protected].


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The Successful Salesperson

Think about this: what would happen to your business if you shamelessly passed along information that you think would be of value to others as part of your business model?  How do you think you would be seen in the community as you passed more and more info along?  Do you think it would be a positive experience for others?  Do you think that “servant leadership” in the comclip_image002munity can make the whole community thrive?  We’ll have to talk more about that, later, but for your consideration, “None of us is as Strong as All of Us!” ~Kenneth Blanchard.

Inspiration Agents

I had an opportunity, last week, to plug into this great sales program that I must past along.  It was put on by my friends at Inspiration Agents. As you can see below, I enjoyed this so much that I promised I would post a link to an audio version on my website!

Now, if you are sick an tired of missing out on sales opportunities, wasting your time and energies on long sales processes, or are just plane unsure how to get more dollars in the door for your company, this is the seminar to be at.

“I hooked in last evening just as you started to speak so did not announce my name. I wanted to let you know that I did enjoy it and learned and/or re-learned some good stuff!”  – Neil Scott-Barbour, Proteus on Demand Facilities

The Successful Salesperson
We had two great calls on Thursday
CLICK HERE and listen to the recordings. (FREE)
The calls were jam-packed with ideas, systems, and techniques you can use right away to super-charge your sales results!
LISTEN

“Hope you are doing VERY WELL!  That was an EXCELLENT talk you guys gave, yesterday!  Thank you for including me in the invitation.  I hope you are doing a CD or MP3 download of the series; I’d be happy to offer them through my website.” – Rick Meekins, Aepiphanni Business Solutions

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Small Business Articles from 7/17/08

Skills conversion key to business success in Africa

Written by Macharia Waruingi and Jean Njoroge

Artisans at Gikomba Jua Kali market in Nairobi. The art of discovering what local people know is the first step in knowledge conversion.
July 17, 2008: The competitiveness of a company depends on the ability of the workers to convert and exploit knowledge. In fact, the rapidity with which an organisation can convert and exploit local knowledge is critical to the success of the organisation. Indeed, ability to convert and exploit local knowledge fundamentally determines whether the company will succeed or fail. At a higher level, a nation’s ability to convert and exploit local knowledge is critical to its development. This argument establishes the critical nature of the art of knowledge conversion in business and national development. Peter Senge, the author of the Fifth Discipline: The Art and Practice of the Learning Organisation referred to organisations that master the art of converting and exploiting knowledge as learning organisations. [Rest of article…]

Forstmann: Credit Woes to Worsen
Wednesday, July 16, 2008 1:52 PM
If you think the credit crunch is bad now, wait — you ain’t seen nothing yet.
So says Theodore J. Forstmann, co-founder of Forstmann Little & Company, a private equity firm which was once the world’s most successful. Until 2005 Forstmann was also a member of the elite Forbes 400 richest Americans list.
“We are in a credit crisis the likes of which I’ve never seen in my lifetime,” Forstmann told The Wall Street Journal in a recent interview. [Rest of article…]

Great Article!!

Mirror, Mirror
By The Star Makers Group Marilyn Lustgarten
ROCKLAND (July 16): In the early 20th century, G.K. Chesterton, historian, literary and social critic, and one of the most prolific writers of the time was invited, along with several other eminent authors, by The Times to write an essay on “What’s Wrong with the World?” His now famous essay was brief, “I am.” Sincerely yours, G.K. Chesterton.
Unfortunately, when things go wrong in an organization, a typical reaction is to blame everyone else rather than take an introspective view of the consequences of our own behavior and decisions. Interesting, when you consider so much has been written and concluded about the wisdom of doing just the opposite! For example, Stephen Covey’s now classic list of Seven Habits of Highly Effective Leaders starts with “be proactive, trust others, blame yourself” [Rest of article…]

The art of leadership
AL LOCK
I’m hearing a lot of interest in leadership development these days. Last year, both The Economist and Fortune magazine ran articles on the importance of building leaders in organisations. Not too long ago, I was meeting with a friend who has been in the HR field for many years.
She told me that she thought many companies looked for and tried to develop leaders in a certain mold. I think she is right, many companies do just that. And I think they are short-changing themselves when they do so. [Rest of article…]

Standing out in the crowd is key to building your brand, but knowing when to say no to growth is equally important
Posted July 16, 2008

—By Robert Kiyosaki, who is the author of the Rich Dad series of books, is an investor, entrepreneur and educator whose perspectives have changed the way people think about money and investing.
Much has been written about the importance of brands, especially in this crowded, competitive world. If you’re not a brand, you’re just a commodity: There are computers, and then there are Apple computers. Two types of brands exist: corporate and entrepreneurial. An example of a corporate brand is Lexus, the brand for people who want to pay more for their Toyota. Examples of entrepreneurial brands are Michael Dell, Enzo Ferrari, Henry Ford, Ferdinand Porsche and Donald Trump. For these entrepreneurs to build their brand, they must first be the brand. Their unique character is projected through their business, products and brand message. When I meet with Trump, the moment I enter the lobby of Trump Tower, my senses are overwhelmed by the Trump message, Trump experience, and ultimately, the Trump promise. [Rest of article…]

At Aepiphanni Business Solutions, we are dedicated to serving the needs of small business owners. We specialize in helping you develop strategies for your organization, and are committed to your success. If you have further questions about creating your strategy or developing your vision, please give me, Rick Meekins, a call at 678-265-3908, or email us at [email protected].

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