As reported in a August 7 article in the Wall Street Journal (SBA Chief: ‘I Know What It Will Take’), a reporter asked Karen Mills, chief administrator of the Small Business Administration (SBA), whether she supports the proposed ‘pay or play’ mandate for health care reform. Of course, ‘pay or play’ refers to proposed federal legislation that will require employers to either provide health insurance to their employees or pay a penalty to the government.
The Business Owner Blog
Congress Needs to Hear from You
August 6th, 2009Members of the U.S. House and Senate began their summer recess on August 1. Most are now in their home districts, so it’s the perfect time to contact your House and Senate representatives (find them at http://www.usa.gov/Contact/Elected.shtml) and tell them, via email, phone call, fax or letter, you do not want federally mandated health insurance provided by employers. At least not unless there’s an exclusion for companies with less than 100 employees.
Separation of Work and Faith?
July 24th, 2009Our government continues to exclude faith. Remove those religious symbols!
But what about faith in the private business? Faith in your business?
Faith isn’t discussed much in most businesses. Not explicitly. But every good and prosperous society and business is built upon biblical principles – hard work, industry, treat others with respect, service, humility, etc.
You’ll Do Well to Heed the Advice of The Business Owner
July 22nd, 2009The stock market swooned late 2008 and early 2009. In the January/February 2009 issue of The Business Owner Journal we urged you to NOT sell your public equity investments. In fact, we argued that it was time to buy in “13 Rock-Solid Reasons It’s Time to Buy, Not Sell, Public Equities”.
Good Works Can Be Good Business
July 21st, 2009Kudos to The Coleman Company. They’re “doing good,” staying true to who they are and building a valuable company.
They’re raising money for Camp Mak-A-Dream – a camp that provides week-long wilderness experiences for children with cancer. The Coleman Company is a manufacturer of camping equipment. Coleman believes that “spending time in the outdoors benefits body, mind and spirit”.
Suspend Your 401(k) Match?
July 14th, 2009Searching for ways to stem losses, many companies have opted to suspend 401(k) matching. Many more are considering it.
Is it a smart move? Unthinkable?
Good question.
On the one hand, it’s simple. Mr. employee, would you prefer a small cut in pay or a layoff? After all, if the company runs out of money nobody will have a job. No telling how long the recession will last.
Free Loans From the SBA ($35K ARC Loan)
July 1st, 2009The SBA has announced a program to offer $35,000 interest free loans to small businesses. The government will pay the interest – at prime plus two percent – directly to the lender. The government will also provide a 100 percent guarantee against principal loss.
The loans are part of the America’s Recovery Capital (ARC) program approved by Congress in February.
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