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The Research Network aims the content of this blog primarily at the New York Small Business Development Center (NY SBDC) community on the kinds of things we encounter every day. Views expressed are those of the Research Network staff, and not necessarily those of the New York SBDC or its partners. Comments to an individual post are encouraged. Such comments will be monitored, so please, keep them clean and professional.
Updated: 53 min 57 sec ago

The Impact of New Technology in the Workplace

April 16, 2014 - 12:00pm
The continuous growth of new technology available for the workplace presents an atmosphere of rapid change that will not slow down any time soon in the near future. Numerous businesses have experienced the process of implementing new technologies and the various issues that creep up, from an overall lack of employee acceptance to unexpected minor malfunctions. The caveat is, despite some of the nuances, new technologies are necessary for a business to remain competitive, relevant, and increase profit margins.
The proper and efficient use of new technology in the workplace is crucial. The younger generations beginning to enter the workforce are tech savvy and widely accept the evolving nature of technology, but all employees need to be on board for a technological implementation to be successful and beneficial. One way of doing this is to provide plenty of training, specific for various departments if necessary, and during and after training to disperse an employee evaluations survey of how effective the training is and thoughts about the new implementations.
When implementing new technology, you require as many people on your team as possible. Technical difficulties can be avoided if you have a team or Agent to work with you during the implementations process. To learn more about the advantages of implementing technology into the workplace, read The Impact of New Technology in the Workplace
Categories: News from others

SBA Announces National Small Business Week

April 14, 2014 - 12:14pm
WASHINGTON – Aspiring entrepreneurs, small business owners and others are invited to attend the U.S. Small Business Administration’s National Small Business Week events held May 12-16, 2014.
Every year since 1963, the U.S. Small Business Administration takes the opportunity to highlight the impact of outstanding entrepreneurs, small business owners, and others from across the nation through National Small Business Week. This year, events will take place across the country to engage the small business community and highlight their importance as innovators and job creators who strengthen the nation’s economy.
Activities will include forums and panels discussing trends in small business, business innovation, financing, growth, matchmaking events, as well as networking opportunities and award ceremonies. National Small Business Week will culminate in Washington, D.C., where the 2014 National Small Business Person of the Year will be named. Candidates from all 50 states, the District of Columbia, Guam and Puerto Rico will be competing for the award. Small business owners and their employees who attend will interact with federal government officials, local elected leaders, representatives from national businesses and other small business experts.

The cities and dates for National Small Business Week are as follows:
• San Francisco – May 12
• Kansas City – May 13
• Boston and Washington, D.C. – May 15
• Washington, D.C. – May 16

Throughout the week there will also be webinars and other live events. Interested individuals can register online at www.sba.gov/smallbusinessweek where additional information on National Small Business Week events will be made available. There will be a separate registration site for the San Francisco event; additional details will be provided at a later date. Events will also be live-streamed on SBA’s website at www.sba.gov.
Categories: News from others

Keeping Up With Labor Market Changes: The Bureau of Labor Statistics

April 14, 2014 - 12:00pm
Everyone deserves the opportunity to have an occupation that provides a decent standard of living. Increasingly, earning a middle class income requires that workers have a post-secondary credential and regularly upgrade their skills. The recession accelerated this occupational transformation.  For the nation’s economic well-being, workers and their communities need to adjust to the new realities of the labor market. However, evidence suggests a growing mismatch between worker capabilities and employer needs. Left unchecked, this gap will impair the economic health of the nation and its workforce.
To address this issue, U.S. labor markets require access to current, accurate, detailed statistics. Labor market participants—individuals, educators, and employers—and policymakers at all levels of government need good data to make informed choices about, for example, career paths, training programs, hiring, and public investments. At present, however, labor market participants and policymakers do not have the statistics they need.
The Bureau of Labor Statistics (BLS) is the principal fact-finding agency for the Federal Government in the broad field of labor economics and statistics. It is responsible for measuring labor market activity, working conditions, and price changes in the economy. The BLS is an independent national statistical agency that collects, processes, analyzes, and disseminates essential statistical data to the American public, the U.S. Congress, other Federal agencies, State and local governments, business, and labor. The BLS also serves as a statistical resource to the Department of Labor.
BLS data satisfies a number of criteria, including relevance to current social and economic issues, timeliness in reflecting today’s rapidly changing economic conditions, accuracy and consistently high statistical quality, and impartiality in both subject matter and presentation. For more information on BLS or labor market activities, please visit http://www.bls.gov/ooh/
Categories: News from others

New Data Show Signs of Improvement in Small Business Lending

April 12, 2014 - 11:50pm
Data for the fourth quarter of 2013 show signs of improvement in small business lending. For the first time in fifteen consecutive quarters, both the value and volume of small business loans increased simultaneously—by 0.4 percent and 1.1 percent respectively. For details, see the Office of Advocacy’s Quarterly Lending Bulletin.
Categories: News from others

SBA Awards Grant to Fund Entrepreneurship Training for Veterans

April 11, 2014 - 11:23am
WASHINGTON – As part of its “Boots to Business” program, the U.S. Small Business Administration (SBA) announced this week that it has awarded a $3 million grant to Syracuse University’s Institute for Veterans and Military Families (IVMF) to deliver entrepreneurship education and training to transitioning service members.

“Veterans are a cornerstone of small business ownership,” said SBA Administrator Maria Contreras-Sweet, who met with veteran small business owners within hours of starting at SBA on April 7. “We owe them a debt of gratitude for their service. Veterans have the skills to adapt to many challenges and the leadership and discipline required to own and operate a small business. The SBA is committed to supporting our veterans as they transition back to civilian life and pursue the American Dream by starting businesses when they come home.”

Boots to Business is a three-step program developed to introduce transitioning service members to business ownership and connect them to support resources in their local communities. The curriculum provides valuable assistance for exploring self-employment opportunities by leading participants through the key steps for evaluating business concepts and the foundational knowledge required for developing a business plan.

Funding for the agreement will support instruction, curriculum development, and materials production for the program, which includes two-day courses on military installations and an instructor-led eight-week online course to introduce and prepare transitioning service members for business ownership and connect them to local SBA resources for continued support. The funds will also be used to extend Boots to Business to service members overseas.

The agreement with IVMF enables a consortium of 14 universities across the U.S. to provide instructors for the Boots to Business entrepreneurship training program. IVMF will work closely with SBA and SBA resource partners, including the Small Business Development Centers (SBDC), Women’s Business Centers (WBC), SCORE and Veterans Business Outreach Centers (VBOC), who provide essential instruction, mentorship, and access to capital counseling to program participants.

Boots to Business is a training track within the Department of Defense’s “Transition, Goals, Plans, Success” (Transition GPS) program that is designed to support service members as they transition to civilian life. Boots to Business began as a pilot in 2012, expanded nationally in 2013, and was appropriated $7 million in the fiscal year 2014 federal budget for sustainment and expansion. During the first full year of the program, more than 6,000 transitioning service members participated in the two-day “Introduction to Entrepreneurship” class on 140 U.S. military installations.

Each year, more than 250,000 service members transition out of the military. These veterans are natural entrepreneurs who possess the skills, experience and leadership to start businesses and create jobs.

Veterans make up a large number of successful small business owners. Nine percent of small businesses are veteran-owned. These 2.45 million veteran-owned businesses employ more than five million individuals. In the private sector workforce, veterans are more likely than those with no active-duty military experience to be self-employed.

SBA currently engages veterans through its 68 local SBA district offices, 16 Veterans Business Outreach Centers nationwide, and its partnership with 1,000 SBDCs and some 12,000 SCORE Chapters.

Each year SBA helps more than 200,000 veterans, service-disabled veterans and reservists start and grow their small businesses. To learn more about additional opportunities for veterans available through the SBA, visit www.sba.gov/vets.
Categories: News from others

FTC Warns Small Businesses: Don't Open Email Falsely Claiming to be From FTC

April 10, 2014 - 10:00am
The Federal Trade Commission is warning small businesses that an email with a subject line "Pending consumer complaint" is not from the FTC. The email falsely states that a complaint has been filed with the agency against their company. The FTC advises recipients not to click on any of the links or attachments with the email. Clicking on the links may install a virus or other spyware on the computer.

The FTC’s advice: Delete the email. For more information on malicious software (malware), visit www.OnGuardOnline.gov/malware.
Categories: News from others

Research Network Blog of NYS SBDC