3 Things I Learned Last Week 9.20.15

This week: Young firms and the economy; A sole win for women business owners; Are you ready for EMV?

Missing Generation of Young Firms Drags Economy
We all know that small business is the economic engine of the company. We also know from more recent data that young firms—those fewer than five years old and twenty employees—are responsible for the majority of job growth. However, declining startup rates are now threatening growth. Read more . . .

Sole Source Authority Becomes Final
Except for the Women Owned Small Business program, every other small business contracting program has sole source authority. What does that mean? That in some circumstances, contracting officers can directly award contracts to eliminate a long, involved process for distributing the contracts.

Things are changing, though, and the WOSB program will soon recognize sole sourcing. The final rule goes into effect on Oct. 14, with a cap of $6.5 million for manufacturing contracts and a $4 million cap for others. Read more . . .

Businesses Preparing for EMV Compliance
Businesses that accept point-of-sale credit card transactions and are not EMV-compliant by October 1 could risk greater liabilities. Read more . . .

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About Smart Companies Thinking Bigger®

Kelly Scanlon is the owner and publisher of Thinking Bigger Business Media. She recently finished a term on the national board of directors of the National Association of Women Business Owners, and was the national chair from 2010-2011. An advocate for small business owners, Kelly sits on numerous boards and committees to advocate on behalf of small business owners. She has won several awards for her advocacy. Among them are the 2011 United Nations NGO Positive Peace Award on behalf of Kansas City area small business owners, the U.S. Small Business Administration's Region VII Women's Business Champion of the Year in 2009, and the Women in Business Advocate of the Year from the State of Kansas in 2006. In 2002, she won the SBA's Region VII Small Business Journalist of the Year Award (Missouri, Iowa, Nebraska, Kansas). Whatever your business stage—aspiring, startup, established, mature—Thinking Bigger Business Media has the resources you need to grow to the next level. We are a resource organization dedicated to providing the strategic, "how-to" information small business owners need to become more productive and more profitable. We also provide information that helps owners connect with resources within the business community that can help them grow. We deliver that information through a variety of media products and other channels easily accessible to business owners.
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