Our daily blend of the latest news, trends and tips for the small business community.
What’s going ‘on’:
Fed maintains low interest rates despite economic uptick: Sticking to its plan, the Federal Reserve did not take any new policy action in its latest report, publicly reaffirming its plan to keep interest rates extraordinary low through at least late 2014. The report noted that the job market has improved but that the economy is still likely to grow only gradually.
Cereal-mixing start-up wins SxSW bus competition: A dozen entrepreneurs who rode down from Silicon Valley to Austin, Texas, last week won this year’s StartupBus competition at the South by Southwest convention with their pitch for Cerealize — a start-up that allows users to mix cereals into a single box and have it shipped to them directly.
Small business confidence edges higher: The National Federation of Independent Business’s small business optimism index climbed 0.4 point in February to 94.3 after increasing by the smallest of margins (0.1 point) in January. While this marks the sixth consecutive month of improvement, the index remains at historically low levels.
Keep an eye ‘on’:
House GOP throwing support behind temporary tax break: House Republicans are rallying around a new temporary tax cut for small businesses, however, many reportedly acknowledge the move wouldn’t sit well after they took a strong stand against the payroll tax holiday, according to a new report from The Hill.
Helpful advice ‘on’:
How to attract the perfect customer (New York Times)
How to proceed after winning a government contract (SBA)
How to run your small business from anywhere (Inc.)
How to maintain focus on your firm’s primary goals (NFIB)