This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

3 Things You Should Know About Small Business: Mar. 7

NEW YORK ( MainStreet) -- What's happening in small business today?

1. One woman explains why she won't label her business. Inc.com contributor Vanessa Merit Nornberg, owner of Metal Mafia, a wholesale body and costume jewelry company, has had a completed application for a woman-owned business certification in her files for six years. The reason she hasn't sent it in is not because her company doesn't qualify, but because the owner does not want the label to get her business.

"I don't like the idea of women business owners being labeled as such, because it's as reductive and demeaning to women as it is to men. When male business owners are evaluated, they are evaluated on their skills as business owners," Merit Nornberg writes.

"I never wanted to be recognized as a woman entrepreneur, but rather as the owner of a great business," she writes. "I put all my efforts into making that a reality, not in getting a stamp of approval that might allow people to pigeonhole my company, or to pretend we owed our success to the fact that we might look politically correct on someone's balance sheet. "

2. The handshake deal lives on. Some industries still rely on the good old handshake to seal deal terms, a New York Times blog notes. Small businesses should make sure there are more formal contracts in place, though, especially when it's time to exit the business.

3. Capital-raising restrictions get a look. Lawmakers are working to ease restrictions for closely held companies raising capital and preparing to go public. U.S. Senate Democrats want to put their own mark on the House Republican sponsored legislation, and insiders say the potential for bipartisan agreement on parts of the plan is strong, according to Bloomberg. The House will begin debate today and may vote on the measure Thursday.

Majority Leader Harry Reid of Nevada said his Senate Democrats will look to propose a quick counter-version "in the same framework of getting something done to help create capital so small business can do a better job," the Bloomberg article says.

Written by Laurie Kulikowski in New York.

To contact Laurie Kulikowski, send an email to: Laurie.Kulikowski@thestreet.com.

To follow Laurie Kulikowski on Twitter, go to: http://twitter.com/#!/LKulikowski

RELATED STORIES:



Follow TheStreet on Twitter and become a fan on Facebook.
Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
AAPL $122.79 -0.16%
FB $95.00 -2.10%
GOOG $633.00 0.17%
TSLA $266.88 1.20%
YHOO $37.48 -0.50%

Markets

Chart of I:DJI
DOW 17,745.98 -5.41 -0.03%
S&P 500 2,108.63 +0.06 0.00%
NASDAQ 5,128.7850 +17.0520 0.33%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs