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TheStreet Open House

3 Things You Should Know About Small Business: August 29

Stocks in this article: INTU

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

1. Small business owners take center stage at the Republican National Convention. Given that "Yes, we did build it," has become a rallying cry from small business owners, Republicans took the opportunity to feature several small business owners at the Republican National Convention in Tampa, Fla. on Tuesday night, according to Small Business Trends.

Some of the business owners featured were Denny Sollmann, owner of Sollmann Electric Company in Ohio; Jack Gilchrist, owner of Gihlchrist Metal Fabricating in New Hampshire; and Bob Sakata, owner of Sakata Farms in Colorado.

Taxation wasn't the primary concern for business owners. Instead, they brought up regulatory burdens, fiscal responsibility, governmental obstacles and the struggles of starting a business, the article says.

2. Mint.com passes 10 million users, helped by mobile access. Financial planning app Mint.com, which was acquired by Intuit (INTU) three years ago, announced it has surpassed 10 million users, a significant number considering it had just 1.7 million users prior to being acquired, Mashable says.

Mint.com founder Aaron Patzer says with the acquisition by Intuit, distribution channels have exploded. The service tracks more than $80 billion in credit and debit transactions and almost $1 trillion in loans and assets, Mashable says.

Another contributor to the extraordinary growth: mobile. Mint.com launched in 2007 right as the first Apple (AAPL) iPhone launched. Patzer and crew made a huge push for a mobile application and the company is now reaping the rewards.

3. Biz2Credit launches women entrepreneurs program. Biz2Credit, an online marketplace connecting small and medium-sized businesses with lenders and service providers, announced a program for female entrepreneurs that will offer a range of free business services to startups and growing small businesses owned by women. Starting September 1 through the end of the year, Biz2Credit will offer a package of services including business plan writing and financial consultation for budding entrepreneurs.

Women owners of startups and small companies in operation for less than three years, with under $1 million in sales and fewer than 50 employees, will be able to take advantage of the small business financing package.

The package includes:

  • Preparation of a business plan prepared by Biz2Credit's small business experts ($499 value)
  • One month of financial consultation by a Biz2Credit case manager ($499 value)
  • Access to Biz2Credit's proprietary BizAnalyzer, which provides small business owners with a financial snapshot of their companies and recommends ways to increase credit scores and lower interest rates ($99 value)
  • 50% discount on Equifax credit reports ($99 value)
  • 1 GB document storage on Biz2Credit.com
  • Approximately 22% of new registrants on Biz2Credit in July 2012 were women-owned businesses, the company says. Overall in the economy, there are more than 8.3 million women-owned businesses. Currently, women-owned businesses account for about 16% of total U.S. employment, according to the Bureau of Labor Statistics.

    -- Written by Laurie Kulikowski in New York.

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

    >To submit a news tip, email: tips@thestreet.com.

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    Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

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