Filed in archive
Misc
on July 6, 2011
©
playerx
DocStoc also plans to and is producing documents (videos and articles) on how to start and run a small business. Later on, it will launch more products to help small business owners in the coming years. DocStoc makes it very clear that it does not provide legal advice to these small business owners; but if the owners need legal advice, they can help arrange for the same.
Filed in archive
business ideas
on July 5, 2011
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Asthma Helper
This contest is a part of American Express Open's Small Business Saturday initiative that encourages customers to support independently owned small businesses on the Saturday after Thanksgiving. This initiative is in its second year, due to last years success AMEX is working to develop it into an even larger movement across the US this fall.
The contest has seen more than 11,000 small business entrants from which 10 finalists have been selected. Voting is open till the 20th of July on Facebook. The winning small businesses will get a chance to go to Facebook's headquarters and get advice on how best to tailor their Page, Ads and social plugins.
Filed in archive
financing
on July 5, 2011
©
MoneyBlogNewz
According to the latest credit survey by ISME, 44% of the small businesses, have to wait for a period, of a minimum of three months, to receive payment. On an average, this wait period is 73 days, whereas for 14 % of the firms, it is a wait of 120 days or more.
Mark Fielding, ISME chief executive, puts the onus of delay in payments, on large enterprise and state agencies.
This data is in sharp contrast, to that of the payment schedule of the Government, which is very prompt, as compared to the payments made to small businesses. 97.5% of the bills of government departments are settled within 15 days.
ISME claims, that this delay in payment, makes the small businesses very vulnerable to dearth of flow of funds. Moreover, as their pool of major clients is few, they do not have the flow of funds, for sustaining the business, in the face of long wait period, for payment.
According to Mr. Fielding, as the small businesses do not receive their payments on time, they fail to pay their supply line, as a result of which, the weakest of these enterprise, drop out of the business and shut down.
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