Our daily blend of the latest news, trends and tips for the small business community.
What’s going ‘on’:
Ohio entrepreneur wins SBA’s top award: The Small Business Administration on Monday awarded its 2012 Small Business Person of the Year award to Victoria Tifft, president and chief executive of ClinicalRM, an Ohio-based medical research company. After contracting Malaria 20 years ago in Togo, Tifft launched her firm to help develop medicines and devices to fight such diseases.
Small business owners indifferent toward crowdfunding:Small business owners are none too excited about a new law that will allow them to raise money by soliciting investors online, according to a new survey conducted by Dun & Bradstreet Credibility Corp and Pepperdine University. Only 3 percent of owners said the new law increases the likelihood of companies raising money through crowdfunding.
White House opposes upping small firms’ share of contracts: The White House has come out against a provision in the National Defense Authorization Act (approved last week by the House) that would increase the share of government work expected to go to small businesses every year. In a statement, the administration said it was a “laudable but overly ambitious” goal.
Keep an eye ‘on’:
Facebook stock sinking:Facebook’s stock tumbled well below its $38 IPO price in the company’s second day of trading as a public company on Monday, reinforcing concern that its initial offering was priced too high. Morgan Stanley, which handled the offering, reportedly stepped in to prop up the stock immediately following the debut on Friday.
NSBW events winding down: National Small Business Week concludes on Tuesday in Washington with full day of events including sessions on federal contracting and social media. Hosted by the Small Business Administration, the celebration is meant to highlight small business accomplishments across the country.
Helpful advice ‘on:
How to prepare for the JOBS Act (OSB)
How to hire and delegate well (Yahoo)
How to partner with big firms (Entrepreneur)
How to avoid investor pitch mistakes (Forbes)