Business Plans: May 25
Health Care Tax Credit Flops – A report released earlier this week by the U.S. Government Accountability Office revealed only a fraction of eligibly companies claimed a health care tax credit intended to make employee health insurance more affordable for small businesses. While between 1.5 and 4 million companies nationwide were eligible, the GAO report revealed only 170,300 small businesses claimed the credit, and many said the credit was just too small and confusing.
Entrepreneurship at Every Age – Startups aren’t just for 20-somethings. Earlier this week, Small Business Administration Chief Karen Mills announced the start of a new partnership between her agency and the AARP: specialized training and counseling for people over the age of 50 interested in starting their own small business. Read about the program and take an SBA self-assessment here.
Summer Reading List – School’s out, which means plenty of time to sit down with a good book. Whether you’re running your first lemonade stand or writing your first post-high school business plan, here’s the Wall Street Journal’s list of suggested reading for young entrepreneurs.
Startups 2.0 - Legislation announced by four U.S. senators earlier this week would change the tax code to encourage investment in new businesses as well as loosen regulations surrounding business expansion. Information about the bill, known as Startup Act 2.0, can be found here.
Six-Figure Businesses Built for Less Than $100 - On the website of Tim Ferriss, author of The 4 Hour Workweek, guest writer Chris Guillibeau, who's studied micro-businesses in more than 150 countries, offers 17 pieces of advice. One comes from KTVA's own Travel Guru Scott McMurren. Read the article here.