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The Making It! Business Blog

From Executive Producer and Small Business Expert, Nelson Davis

“The world would be a better place if it operated on sound business principles”

BUSINESS OWNERSHIP - THE ULTIMATE BENEFIT PROGRAM

The horrific wrangling, finger pointing and just plain denial that has been going on in Washington DC during recent weeks isn't really about raising the debt ceiling. Beyond the ever present politics, it's about spending future generations' financial heritage on today's entitlement benefits programs. I believe the underlying money crunch means that some modern "American Life" perks will almost certainly be gone with the wind during the next few years. The reality in my view is that you'll have to create your own benefit programs by learning to be self employed and taking control of your own destiny.

PURPOSE IN SMALL BUSINESS WEEK

It will probably surprise most people to know that small business actually has a week of its own, officially declared by the president of the United States. On one hand, Mothers Day doesn’t get the presidential proclamation, but Small Business Week doesn’t get the publicity or the spending splurge, but each has a purpose.

TRUMP THIS

Just when you think that you’ve heard everything about Donald Trump, there’s another chapter being written in the semi fictional book of his life. Last week, I was in New York, the place where he has marked out his most prized territory with tall, expensive buildings. Though his recent dust-up with President Obama is forcing people into “love him” or “can’t tolerate him” positions, I think that small business owners can get some wonderful lessons from a closer look at the Donald’s adventures.

COMMENTS

Your blog extolling the virtues of The Best & The Brightest (and the bad rap of Elitist thereby attached) is another in a series I've come to expect from you: well reasoned and pointed in the direction of Excellence.

-Andrea Giambrone

Great inspiring show; I wish there was more info on acquiring start up capital for new minority businesses. If someone has suggestions, we would surely want to hear from you. Thanks!
- Michelle/Ron Ellis

Thanks for the compliment to our Making It show. Start up capital is always challenging for all genders and ethnicity! Begin now to make friends with your banker and I recommend that you visit a Small Business Administration office or their web site to learn more about access to capital.

Personal savings, help from friends, using home equity and customer financing are the most frequent sources of money for start up.

-Nelson Davis,
Executive Producer

Michelle and Ron: I would also suggest that you become certified through your local NMSDC Council and begin networking w/in those channels. There are many new hybrid financing opportunities and SBA-type lending available for minority businesses. These opportunities are expanding. Best Regards.

Nelson Davis,

Executive Producer

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