Our daily blend of the latest news, trends and tips for the small business community.
What’s going ‘on’:
Unemployment applications surge: The Labor Department reports that the number of applications for unemployment benefits jumped last week to 388,000, the highest in four months but largely the result of seasonal adjustments employed by the agency.
Small business lending fund coming up short: President Obama’s Small Business Lending Fund has fallen well short of its expected impact for companies on Main Street, increasing lending by $6.4 billion, a far cry from the $300 billion in loans it was expected to yield.
SBA reaches out to inner city entrepreneurs: The Small Business Administration has launched a new program with several corporate partners aimed at connecting inner-city entrepreneurs with the funding they need to get their businesses off the ground.
Keep an eye ‘on’:
Budget cuts threatening many small businesses: Should lawmakers fail to strike a budget deal, or at the very least a stopgap measure, the fallout would be especially devestating for many of the nation’s smallest employers, according to several economists.
Helpful advice ‘on’:
How to manage your intellectual property (Small Biz Bee)
How to avoid becoming a cyber victim (Informationweek)
How to know when it’s time to fire an employee (YEC)
How to respond to a negative Yelp review (Entrepreneur)