Small Business and the Stimulus Package

The Economic Stimulus package of 2009 has received a lot of press. But what does it mean for a small business owner?

A presentation produced by MyVenturePad, in cooperation with SCORE, Counselors to America's Small Businesses, provides some in-depth discussion of how the Stimulus Package will benefit small business. The authors are Steve King, who runs Emergent Research,
Barbara Weltman, a national spokesperson for small business taxes, and Erik R. Pages, who leads EntreWorks Consulting, an economic development consulting and policy development firm.
$730 million is slated to go to the Small Business Administration, and changes will be made to the agency’s lending and investment programs. The SBA is planning a comprehensive report on what this will enable them to do for small businesses. The SBA also has a slide presentation, with audio, that outlines some of the tax benefits for small businesses that resulted from the 2008 stimulus package.

Small Business Insurance

Insuring your small business is a wise move. The folks at MyOwnBusiness.org, a non-profit group specializing in educating small business owners, have put together a lesson about the types of insurance your small business might need. Using videos and text, they explain the various types of insurance most businesses need, i.e., property, liability, workers' compensation, etc., and offer some "Do's" and "Don'ts" about the best approach to obtaining the right coverage.

The Small Business Administration offers advice and information about insuring your small business. For example, they point out that homeowners' insurance policies do not generally cover home-based business losses. The folks at SCORE, "Counselors to America's Small Businesses," also have some tips about buying insurance.