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Small Business Definitions Vary Historically & By Government Agency

The small business definition by the government isn’t simple. It has changed over the years. It changes by agency or federal program. Sometimes a small business is defined as a “mouse”. Really!

Your small business definition is probably very different. If you are one, you may be surprised at who else is included.

Small business wasn’t small until Eisenhower said so

Until the creation of the Small Business Administration (SBA) in 1953 by President Eisenhower with the signing of the Small Business Act, there was no difference. A business was a business and some were smaller than others. The beginning of a small business definition starts here.

How the SBA Office of Advocacy defines small business is a matter of history

In the 1970′s, during another economic downturn, those who looked at the economy saw that there was a group of businesses doing better than others and creating jobs. The federal SBA Office of Advocacy was born at that time to identify, track, report, and make recommendations to government agencies on how to keep this momentum going. [Read more...]

Overcoming 5 Business Challenges in Tough Times

Business Challenges: What Goes Up Must Come Down

Sir Isaac Newton statue from Trinity Chapel. Photo by Harlequeen

Sir Isaac Newton proved it. David Clayton-Thomas wrote about it in the “Spinning Wheel” song. BS&T (Blood, Sweat & Tears) and Dame Shirley Bassey covered it in their albums.

Songwriter & singer Dame Shirley Bassey

How many ups and downs has your business experienced? Since we started our business, we have been through seven ups and downs – oil, banking, real estate, savings and loans, dot.com, Wall Street, and now real estate again. It has caused us to refine and redefine our business at least that many times.

If it’s a part life, it does not make sense just to try to survive this one. Another wave is coming. If you own a business, the wave that could take you under could be something global like this “Great Recession” or something unique to you and your business. So be watchful; be prepared for those business challenges that are out there.

[Read more...]

Being Able to Visualize is a Mixed Blessing

Posts can be very personal. This one is.

Visualizing the needs & concerns Egyptian small business owners, their families and their employees like this man. Photo by Julie Gomoll.

I have a friend, Rasha, who is from Egypt and who has family there. My thoughts are with her and the wonderful people I met through the eyes, words, and pictures of another friend, Julie Gomoll.

Sometimes we say, “I can’t imagine” what it’s like. But I think business owners and other creatives can imagine in huge detail. [Read more...]

Why Lefties Make Better Salespeople

My brother gave me a copy of A Left-Handed History of the World by Ed Wright for Christmas.  As my husband, Daniel, said, that’s much better than a previous gift of 101 Uses for a Dead Cat by Simon Bond. Others found it amusing, as a cat lover, I did not.

I am left-handed. It was interesting to read about other prominent lefties. Some of my favorites include: Queen Victoria, Charlie Chaplin, Michelangelo, Leonardo da Vinci, Madame Curie, Henry Ford, Ramses the Great, and Joan of Arc. Several US presidents (Reagan, Ford, George W. Bush, and Clinton) were on the left – when it comes to hands at least. [Read more...]

10 Ways You Can Be a Platinum Customer™

Austin’s finest

I love Upper Crust Bakery on Burnet Road in Austin. Great birthday cakes, eclairs and great service. They always know what I want and make me feel special. A few weeks ago, one of their terrific staff told me I was a great customer. Wow!

That got me thinking. What can customers do to give great “business service”? This would help businesses have better sales and create more Platinum Customers™. It’s just what our economy needs: all of us to play a positive role and take responsibility. [Read more...]

Getting Real About Who’s a Small Business

I’ve said for years there’s a problem. The issue of the Bush tax cuts just points this out in spades.

I saw Keith Olbermann’s Countdown program, “Small in Name Only” on MSNBC on September 22, 2010, about the “kooky” (their word not mine) definition of small business. It isn’t weird, it’s just flexible as the Small Business Act intended it to be. Maybe it needs work. I certainly think so.

This is what the SBA (Small Business Administration) says on the FAQs page of their website. You can check me out on this.

“Size standards define the maximum size that a firm, including all of its affiliates, may be to participate in federal government programs that are reserved for small businesses. The Small Business Act states that in determining what constitutes a small business, the definition will vary from industry to industry to reflect industry differences accurately.” [Read more...]

The Networker Magazine Remembered: Overtime Roach Article Reprised

Austin, Texas’ small business and entrepreneurial history is long and full. There were special support meetings called “Satellite Network Meetings” all over town and even in Round Rock long before there were Meetups and Bootstrap groups.

Masthead banner from The Networker 1981, originally sponsored by the Commission on the Status of Women, City of Austin

And, there was The Networker, a small monthly publication especially for women. From June 1980 to its last issue in August 1987, I wrote, managed or was its editor. We covered politics, interesting women, events around town, the arts, business, sports, education, healthcare, and jobs. We covered issues from the ERA to “Should women fear computers?” And, yes, that was the title of an article. We covered women magicians like Judy Wilkes and Valerie Cordell, early aviators like Pearle Ragsdale, truck racer Shawna Robinson, women firefighters and women at war. Young and old, of all colors, creeds, and backgrounds were included in our news.  We even did some interesting articles about men including Cactus Pryor and cartoonist Ben Sargent. [Read more...]