Small businesses need tax breaks, access to credit

Anxiety pervades the small-business community of Texas and the rest of America. Owners are struggling to make payroll, to build inventory, to keep the doors open another day.

Over the past year, the mortality rate has accelerated, and you can see evidence of that on Main Street of any city or town across the country, where there are “For Rent” signs and empty windows.

Despite the much-publicized bailouts of giant firms with staggering economic stimulus plans, there has been little financial assistance from the federal government for small business. Now, however, President Barack Obama has unveiled a $15 billion recovery plan that leaves many small-business owners wondering whether it’s a classic case of too little too late.

via Houston Chronicle

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Business Brokers See Opportunities for Entrepreneurs

We were featured in the Arkansas Business Journal! Great Article!

Many business brokers in Northwest Arkansas said their traffic was downright dismal during the fourth quarter of 2008. But they said things have picked up dramatically since the middle of the first quarter.

Carl Grimes, owner and principal broker of Sunbelt Business Brokers of Lowell, said many people who are laid off will spend anywhere from three months to a year looking for a job “then they start to look at buying one.”

Mid-March seemed to be the magic tipping point for many “corporate refugees,” as they started looking at going into business for themselves to replace income, he said.

Grimes, who also owns Sunbelt franchise offices in Springfield and Joplin, Mo., said his company closed on about 20 transactions last year.

Read the full article at ArkansasBusiness.com