This Day On The Street
Continue to site right-arrow
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: March 22

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

1. Entrepreneurs have five different personality characteristics. Which one are you? Are you a mover and shaker? An experimenter? A star pupil? A controller? A piece by Forbes Insights identifies five major personalities "crucial to fostering a healthy atmosphere of innovation within an organization," with some being more entrepreneurial while others are more process-oriented, but still critical.

"An effective and productive culture of innovation is like a good minestrone soup: it needs to have the right mix and balance of all the ingredients, otherwise it's completely unsuccessful, unbalanced -- and downright mushy," Forbes says.

2. Learn why many businesses fail. Running a successful business requires not only dedication to and passion for your product or service, but a level of detachment, according to When you're selling something close to your heart, emotions can easily get in the way of making sound business decisions. Sometimes that calls for letting others take control of positions and tasks that might be too hard for you as the business owner to do in an unbiased way, the article says.

3. The SBA is launching an online supplier program. An initiative by the Small Business Administration will make it easier for small firms to get a share of major corporations' spending on goods and services, according to The Wall Street Journal .

In, which the SBA is expected to launch today, business owners would fill out a central online application to become an accepted supplier to 15 major corporate partners, including Office Depot (ODP) Pfizer (PFE) and Caterpillar (CAT).

The small businesses will still have to bid on specific vendor contracts, but the site "aims to make it easier for them to find vendor opportunities and connect with procurement officials," the article says.

-- Written by Laurie Kulikowski in New York.

To contact Laurie Kulikowski, send an email to:

To follow Laurie Kulikowski on Twitter, go to:!/LKulikowski

>To submit a news tip, email:


Follow TheStreet on Twitter and become a fan on Facebook.

1 of 2

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
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
AAPL $124.25 -0.14%
FB $81.66 -0.67%
GOOG $542.56 -0.99%
TSLA $187.59 -0.63%
YHOO $44.13 -0.69%


DOW 17,698.18 -77.94 -0.44%
S&P 500 2,059.69 -8.20 -0.40%
NASDAQ 4,880.2280 -20.6570 -0.42%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs