This Day On The Street
Continue to site right-arrow
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
TheStreet Open House

3 Things You Should Know About Small Business: Feb. 6

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

1. USPS ceasing Saturday mail. Say what? Yup, that's right. In an effort to cut costs, the U.S. Postal Service says beginning in August it's going to stop delivering mail on Saturdays, according to Politico.

USPS will save $2 billion annually from the measure. The Postal Service plans to issue a five-year financial plan in early March, the article says.

2. Kauffman's "State of Entrepreneurship" Address. The Kauffman Foundation hosted its fourth annual "State of Entrepreneurship Address: Financing Entrepreneurial Growth" on Tuesday in Washington, D.C.

Guest speakers included U.S. Small Business Administrator Karen Mills, U.S. Sen. Jerry Moran and Kauffman CEO Tom McDonnell, among others, to discuss how financing entrepreneurship in the U.S. is a growing priority for a nation working to strengthen its economy.

Mills continued the conversation in a guest post on Forbes, where she emphasized that "increasing entrepreneurial activity is critical to our economic vitality and global competitiveness. And that it must be a centerpiece of America's growth agenda so that we reach our full economic potential."

A report by Kauffman notes that the rate of entrepreneurship fell before the Great Recession, making it even more critical, and difficult, to reverse the trend. The Kauffman event "laid out concrete ways the public and private sectors can work together to strengthen and expand America's entrepreneurial infrastructure -- from better financing of start-ups to making our supply chains more competitive," Mills writes.

3. Long winters bring cash flow issues to seasonal businesses. Extended winters can wreak havoc on the businesses that depend on warmer weather for the lion's share of their sales.

For seasonal business owners, it's crucial to make cash flow projections as part of your financial planning, Biz2Credti's Rohit Arora writes in his Fox Business article.

"This will enable you to predict your income and plan for lean times. Look back at your records from prior years to see when cash flow issues are most prevalent. Consider fixed expenses, such as rent and utilities, and your variable costs, such as salaries, inventory, and taxes and the times during the year when variable expenses will be highest," the article says.

-- 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.

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

Jim Cramer and Stephanie Link 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

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, 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
Try it NOW
Try it NOW
Try it NOW
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!

Markets

DOW 17,450.40 +63.19 0.36%
S&P 500 2,038.67 +9.12 0.45%
NASDAQ 4,725.7070 +44.21 0.94%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs