Champions Honored at AZ Small Biz Con Today
A reminder, in celebration of Small Business Week, the U.S. Small Business
Administration (SBA) is honoring Arizona entrepreneurs and small business
champions for their contributions to the economy. The awards will be presented
during the Arizona Small Business Association's (ASBA) annual awards luncheon today
(Wednesday, May 7, 2014) at the Fairmont Scottsdale Princess Resort and
Brewer Signs Bill to
Enable Lenders to Sue Deficient Builders Starting January 2015 speculative home builders will no
longer find refuge under Arizona’s anti-deficiency law. On Tuesday, Gov. Jan Brewer signed House Bill
2018, which enables lenders to sue builders that undergo foreclosure for
deficiency. Spec and custom builders were targeted because they can cause harm
to the small-and medium-sized banks they have often turned to for financing.
Domains To Boost Local Business Local businesses in major cities could get a boost from the introduction of city-specific website
domain names such as .nyc, .miami and .london, among others. Since January,
Nearly 60 cities around the world have received
approval for their own domains so far.
The new .city names are expected to help local enterprises
boost their web presence, improve their online search rankings and increase
their sales by directing locals and tourists to relevant nearby businesses. Addresses for .nyc,
.miami, .vegas, .tokyo and .paris are slated to roll out next.
Survey Shows Cash
Flow Problems in Small Business
A recent survey, conducted by the Corporation For Enterprise Development, shows
that small businesses are often plagued by cash flow problems. Program Manager for CFED, Lauren Williams,
says that the survey tells an important story because those who start a small
business often do so because they have a great idea or talent but face
financial challenges that impede their success in the long-term.
“When we looked in to the cash flow challenge, the way we
asked the question originally was, ‘What are your greatest financial
challenges?’ and whether or not someone experienced cash flow difficulties at
any point in the past year was a response that people could choose. We found
that about 40 percent of respondants both to the online and phone survey were
experiencing cash flow difficulties at some point.” –Lauren Williams,
Entrepreneurship Program Manager, Corporation
For Enterprise Development
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