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The Economic Stimulus Package Can Help YOUR Business

The Economic Stimulus Package Can Help YOUR Business

I don’t know about you, but I was impressed with how President Obama has put his political clout on the line in his unofficial State of the Union address.

There seems to be a growing agreement that instead of lying low and weathering it out, we need to, in my words, be UnReasonable, and play full out. And last night’s speech reiterates how much Obama is taking on compared to his predecessors. Some claim he is taking on more with fast, intelligent and aggressive gusto than any president had done in decades.

And just as the CEO of our country is doing, if your business is slumping— you are losing money and sales have slowed down dramatically— you have only two options: hunker down, reducing expenses and hope things will improve, or you can get busy with reinventing and innovating.

If you’re really good, you do both.

Taking Obama’s strategy to the next level is encouraging the “risk takers” to step up. They are the entrepreneurs and small businesses. Entrepreneurs and small business owners are agile, hungry for success and quick on our feet, unlike our cousins the large companies, who are busy circling their wagons, laying people off and retrenching.

In hopes in encouraging the “risk takers”, the House of Representatives just approved some small business initiatives, especially for those who have “green” companies:

* Small Business Administration (SBA) loans being overhauled and new loan programs being set up
* Various alternatives to traditional banks loans are being set up
* Tax relief programs for small businesses have been implemented
* $56 billion of stimulus money is available to help various “green” companies get a foothold

For more on this, read Fast Company’s How the Stimulus Package will help Small, Green Businesses Help us All

I cannot emphasize enough how important a time this is for us all in our businesses. It is during these economic downturns that businesses and markets reinvent themselves and evolve the markets and economy on to greater heights.

After all, some of today’s business giants such as General Electric, IBM, Kraft, McDonald's and Walt Disney were started in recessions.

So why not your business?



Action Steps for the Week:

If your key concern is to stay ahead of the pack and tap into an incredible market of opportunities, I strongly recommend you research what is really hot out their right now and determine what it will take for you to adjust your business model to step into this.

Make sure it is something that really inspires you into action.

Then determine what you will need financially to get initiative going. If you have a plan and need capital for it, then work your plan and get your numbers together on how much it will take and what will be the results.

Use these tools to help you:

* review tax benefits that apply to small businesses. Read BusinessWeek’s The Stimulus' Key Small Business Tax Provisions
* review strategies on how the stimulus package might benefit your business. Read The New York Times’ Stimulus Law Aids Small Business, but Benefits Are Not Easy to Find
* for alternative energy businesses, check out RenewableEnergyWorld (website) US House and Senate Move Forward on American Recovery and Reinvestment Act

Remember to stay focused on designing your new model of success and remember to be UnReasonable!





The Economic Stimulus Package Can Help YOUR Business - To learn more about this author, visit Stefan Doering's Website.

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David Barr
David Barr is the President of Venture Opportunities, Inc. David has been a professional business broker/intermediary since 1980 focusing on General Business Brokerage and Mergers and Acquisitions representing client transaction value from $400,000 to $20,000,000. Mr. Barr has handled the sale of over four hundred and fifty companies. David earned a university degree from the State University of New York majoring in economics and business. David holds the Mergers and Acquisition Master Intermediary and the Certified Business Intermediary designations from the International Business Brokers Association. He is also a Senior Business Analyst and a Texas licensed Real Estate Agent. For more information about David and Venture Opportunities, visit www.bizdealmaker.com. - Visit David Barr's Website

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Stefan Doering
(Visit Stefan's Website) Stefan is the creator of BEST Coaches' groundbreaking 90-day "UnReasonable" program which brings to the table his almost 30 years of hard-earned business savvy and 4-plus decades of pure heart.

He and his coaching team have worked with thousands of entrepreneurs of all types worldwide since 2003, and his passion is working with environmental and sustainable businesses. He has been a true innovator for decades, demonstrating his sustainable business acumen.

Stefan has:

* Developed a green intrapreneurship strategy for General Motors that was included in the final bailout plan presented to Congress in December 2008
* Pioneered green retailing, creating one of the largest green retail companies in the US in the early-to-mid 90's
* Organized high level forums at Columbia University and the University of Oregon for top GM management to present their vision of sustainability in early 2008
* Helped launch an environmental education non-profit for early adoption of intensive recycling programs in the mid 1980's
* Has been an advisor and speaker for green incubators in New York City
* Served on the Board of Director for a large urban environmental education organization in the 1990's



Stefan Doering is a Gold author on EvanCarmichael.com
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