The housing market’s impact on small business lending

Today’s Wall Street Journal had a page 1 article called “When the Home Bank Closes” – which looks at the impact the housing collapse is having on small business lending.   As we all know, home equity borrowing is a great source of funds to finance the early stages of growth and development.  The article points [...]

10 Most Common Startup Mistakes

Nick ran across this one in the Huffington Post Small Business America.  I think I’ve made all 10 – some more than once.  Interesting enough, the Number 1 Startup mistake is “Ignoring That Cash Flow is Blood.”  We at SurvivalWare couldn’t agree more! http://www.huffingtonpost.com/christopher-hytry-derrington/10-of-the-most-stupid-mis_b_784522.html#s184077 Check out this video from Philip Campbell – his 4 simple [...]

A Brighter Future – Maybe

This was the title of an Article in today’s Wall Street Journal in the Small Business section (page B5 of the print edition).           Some interesting tidbits: They estimate the number of American small businesses at nearly 30 million.  There are a lot of us out there! Companies loosen their purse [...]

Career Bureaucrats at OMB Analyze Loan Deals for DOE

This was meant to be published in September.  At the end of the day, not too surprising an outcome. Solyndra is still in the news as a congressional committee holds hearings into how such a thing could happen.  The last line in an article that appeared in today’s Washington Post (“Lawmakers assail Solyndra loan decision [...]

Reverse Mentoring

A couple of posts ago, I talked about the SurvivalWare 20,000 Small Businesses Initiative.  The basic idea is to provide discounted software and training for younger people who could then help seasoned business owners and entrepreneurs apply financial modeling technology to their businesses.   Just last week an article appeared in the Wall Street Journal: “Reverse Mentoring Cracks [...]

The SurvivalWare Jobs Act of 2011 – “100K, Here to Stay”

I think it biases the applicant pool away from solid business people and more toward porcine operators used to feeding at the federal trough.

The American Jobs Act – Take a Pass on it Now

Open letter to President Obama, Eric Cantor, John Boehner, Nancy Pelosi, Harry Reid, Mitch McConnell  From:  Rusty Luhring, Small Business Advocate Founder and CEO of Luhring SurvivalWare, Inc. Entrepreneur since 1979  Subj: The American Jobs Act – take a pass on it now  Listen – there are 14 months before the next election, and I [...]

The Solyndra affair makes me want to vomit!

But listen – I am not the only one. These stories are repeated a million times over out there in small-business land. I know – I talk to customers every day. I see their financials. I am not the only one who has war stories about business survival.

Texas bank to give up bank charter so it can lend to small business

It seems that Main Street Bank, a small but profitable bank in Kingwood, Texas was told by regulators to shrink its small-business lending to about 25% of its loan portfolio from 90%.

Federal Government and Detailed Cash Planning – Welcome to Our World!

What they need are a few seasoned entrepreneurs to take on the cash planning for a few months. We’d whip things into shape faster than you can say “Small Business Credit Crunch” or “TARP” or “Goldman Sachs.”