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: 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: tips@thestreet.com.

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 $132.54 0.00%
FB $80.54 0.00%
GOOG $540.11 0.00%
TSLA $247.73 0.00%
YHOO $43.48 0.00%

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs