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Finances

With the election over, what's certain for small businesses?

Posted by Jason Keith November 16, 2012 08:24 AM

After months and months of campaigning, the election has finally come to an end. With president Obama winning a second term in office, the question now becomes what does this mean for small business owners? The truth is no one really knows what it will mean for small business owners because so much is still left in doubt. While one question has been answered, many more remain. Much like the rest of the country, most small businesses were split over whether or not the president being reelected was a good thing.

Now the common topic has been the fiscal cliff that the country may or may not fall off of, depending on the actions of Congress between now and the end of the year. So what has become clear in certain for small business owners?

FULL ENTRY

Small business lending program falls short

Posted by Jason Keith October 3, 2011 06:00 AM
In a recent post I cited several studies showing that while public perception was small businesses are unable to get access to credit, the reality is that borrowing is low on the list of small business owners’ priorities.  The numbers showed that a majority of small businesses didn’t need loans or funding, thus demand was low.  Instead they were simply focused on getting more customers, and little else.  FULL ENTRY

Cash is king! Not anymore

Posted by Jason Keith September 16, 2011 06:02 AM
It’s long been a standard practice for small businesses to deal primarily in cash.  The reasons for this are numerous, but one stands out.  By dealing in cash, small businesses never have to pay the standard 2-4% “swipe fee” for taking a credit card, charged by the credit card company.  Cash is simple. It changes hands, and from that point on there’s rarely a dispute, a fee, a chargeback, or a fraud claim. There’s also an open secret about things that are paid for in cash: there’s no paper trail.  So depending on the business, a cash transaction may or may not make it onto its tax return at the end of the year.  Of course, avoiding taxes always poses huge risks for small businesses. FULL ENTRY

Loans not a priority for small businesses

Posted by Jason Keith September 4, 2011 07:39 PM

Have you heard that small businesses will lead the country out of the current downturn in the economy? It’s a common theme, one that has been echoed by leaders in the government and beyond. The reason is that the statistics don’t lie: According to the US Small Business Administration, small businesses:

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About this blog

Jason Keith has been working for and with small businesses in the New England area for more than 10 years, specifically small, micro businesses. Born and raised in Massachusetts and a former journalist, he provides a unique perspective on the issues facing small businesses locally and nationally.To reach him directly email jasonpkeith@gmail.com.

This is a personal blog. The opinions expressed here are the author's alone.

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