3 Things You Should Know About Small Business: April 20
NEW YORK (MainStreet) -- What's happening in small business today?
1. House passes small business tax-cut bill. As expected, the House of Representatives passed a measure late Thursday that would provide small to medium business owners with a tax cut for 2012. The problem is there is "virtually no chance" of it clearing the Democrat-led Senate, according to CNN .
The bill would allow businesses with fewer than 500 employees to take a 20% deduction on their 2012 profits. However, critics say the measure is a free handout that will just add to the nation's budget deficit.
2. Here's a way for female business owners to give back. The Story Exchange, a network of role models and resources that encourages women to start their own business through inspirational video profiles, news, blogs and expert advice, is looking for successful female business owners to be profiled in its video series. Business owners can be of any age and can submit their story via a questionnaire on the nonprofit organization's website or by submitting a video on their YouTube channel.The Story Exchange plans to select five women in various sectors and geographic locations to film videos. A production team from the organization will be sent to film those selected, it says. The deadline for submissions is May 15. 3. How to fail smartly. USA Today contributor Rhonda Abrams offers a great column today on why small business owners and entrepreneurs shouldn't give up completely if they have a "failure." For many budding entrepreneurs, this is exactly what needs to happen in order to learn from their mistakes and ultimately be successful. She offers suggestions on the right way to fail. "Failure is not a defining destination; it's a momentary experience on your entrepreneurial journey," writes Abrams, who is also the founder and CEO of The Planning Shop, the publisher of books and resources to help entrepreneurs become successful. However, this is only true if an entrepreneur is "willing to look critically at why you failed and absorb what it has taught you," she adds. Abrams says she knows of venture capitalists who actually prefer to invest in entrepreneurs who have had at least one failure. -- 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 >To submit a news tip, email: firstname.lastname@example.org.
Follow TheStreet on Twitter and become a fan on Facebook.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV