Small Business in the News: Jan 23 - 29, 2016

We know there is too much to keep up with when you’re a busy entrepreneur, so we compile small business news highlights each week for you to read only what matters most. Here is a summary of the top stories for January 23 – 29, 2015.

Death Wish Coffee Ramping Up for Super Bowl Commercial

Last year, Intuit Quickbooks selected the finalist for its 30 second Super Bowl commercial slot - a New York company called Death Wish Coffee. Already a top seller on Amazon, the coffee shop produces its own extra dark, extra caffeinated version of coffee beans. While production has already doubled in size each year, the company is excited and nervous for the Super Bowl opportunity. The ad will be seen by an estimated 100 million people. Says the owner, Michael Brown, "It's gonna fast forward us about 10 years down the road in about 30 seconds." Read more...

Small Business Could Benefit From New Government R&D Funding Provisions

Congress is currently considering legislation for the Small Business Innovation Research program that would enable 11 government agencies to fund $2 billion across 5,000 awards for R&D with small businesses around the country. Phase two SBIR awards have historically created a huge number of new jobs in the U.S. – between 2000 - 2013, the Air Force SBIR winners created 234,000 jobs, more than Google, Apple, Cisco and Microsoft combined. Read more...

6 Tips for Selling a Small Business

In our post-Recession economy, the median sale time for a business has decreased to 153 days. That’s down 23 percent from a peak of 200 days in the summer of 2012. It appears that now is the ideal time to put a business on the market, and a recent article from Business.com offers 6 tips for someone considering a sale. Among the advice are the tips that the seller needs to consider the why, the timing, the price and a broker vs. DIY sale. Read more...

SBAs on Alert After Fed Meeting in Jan

The January meeting of the Fed and the decision to keep interest rates flat put small businesses on the alert after the recent hike in December. While small businesses don't have to consider increasing prices hugely or limiting inventory at this point, they do need to remain aware of their access to available capital. Future interest rate increases will be slow but could affect entrepreneurs trying to finance their existing businesses or expand operations. Read more...

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