Thursday, December 6, 2012

A Change of Plans

Everyday, I start leaning more and more towards pursuing my business for my Mentorship as opposed to Accounting. 

With this in mind, I searched for an article about the future of Small Businesses. I searched through Galileo and found one I could really sink my teeth in to.

The article I found is titled, 'But Where Did the Money Go?' and it's written by David Port.

In this article, Port interviews Karen Mills, the head of the Small Business Administration about what the SBA is really doing and if it is really helping small businesses.

The main goal of the SBA is to aid small businesses, mostly financially. They have counselors and advisers to help small businesses develop the business plans so that they can present better to banks and investors. In addition to this, they, and many intermediaries, provide microloans to small business owners.

Despite all they do for small businesses, the SBA has many critics. The large majority of their criticism come from the belief that the businesses they help aren't really 'small.' In reaction to this, Mills simply says, "This is a program for small business, it's not a program for big business masquerading as small businesses," (Port).

What I learned from this article is that, should I have trouble getting my business REALLY off the ground, there are agencies that I can turn to for help.

Work Cited

Port, David. "But Where Is The Money." Entrepreneur 38.8 (2010): 84-89. Business Source Complete. Web. 6 Dec. 2012.




1 comment:

  1. Well, I can't begin to tell you how helpful the UGA Small Business Administration has been for my husband and his forestry consulting business (MelletteForestry.com) He has taken their 'fast track course' which is almost like earning your MBA -sans the diploma and the time. They are always willing to help! You need to remember that there are excellent resources available for the entrepreneur.

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