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Success Breeds Success Midas Mentors™ empower business owners through critical insight, information and guidance based on real-world experience and success. Midas Me....


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Behind the Value Renaissance Privately held businesses constitute 99.7 percent of American companies, generate more than half of GDP and create eight of every 10 new jobs. ....


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About the VT Midas Institute™ The VT Midas Institute™ advances private business ownership and value creation through a culture of sharing and reciprocity within....


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Date of Last Revision: January 9, 2009 Welcome to MidasNation, a social utility th....

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MidasTimes -> Small Businesses Find a New Source for Funding

These days, small-business owners are turning to credit unions for loans. Unlike banks, most credit unions haven't suffered from multibillion-dollar losses from subprime lending. Also, many investo....


MidasTimes -> Sansolo Speaks: Measure for Measure

Like in sports, measurements of success in business often don't consider influential factors, rendering these measurements inaccurate. Success can depend on location, facilities and multiple other ....


MidasTimes -> Crowd Funding: Customers as Investors

In the new business model dubbed crowd funding, customers invest money in products and then promote the products on the internet. If the product sells, they receive a portion of the profit. Sometim....


MidasTimes -> IBM to Cut U.S. Jobs, Expand in India

IBM plans to lay off approximately 5,000 U.S. employees, transferring most of their jobs to its workforce in India. The next target: the global business-services unit - primarily, the global applic....


MidasTimes -> Profits Drop at Steepest Rate in 55 Years

Despite dramatic decreases in consumer spending, foreign demand and in effect, U.S. corporate profits and gross domestic product, the stocks and housing markets are showing signs of stabilization. ....


MidasTimes -> Total Jobless Benefit Rolls Top 5.5M

Based on the most recent figures from the U.S. Department of Labor, the labor market is still notably weak. In fact, first-time unemployment insurance claims increased to 652,000 - from 644,000 thi....


MidasTimes -> Microlenders Widen Their Client Base

Mostly nonprofit organizations, microlenders have historically focused on lending dollars to small-business owners in lower-income communities and developing countries. Yet due to today's tight cre....


MidasTimes -> Drop in Jobs Can't Stop Rise in Stocks

Despite a reported loss of 742,000 jobs in the private sector in March, investors are focusing on the increases in pending home sales and manufacturing data. The Dow Jones industrial average increa....


MidasTimes -> Big Law Firms Cut Attorneys, Staff in Tight Economy

Today's tight credit market has greatly impacted the legal industry. Corporate and real estate transactions have decreased and the litigation that normally occurs during an economic recession is la....


MidasTimes -> Credit Woes Hit Home

Financial-services firms aren't only tightening up on consumer credit cards, but they're also reducing credit lines, raising interest rates on and closing business credit card accounts. Many firms ....


MidasTimes -> Tax Tips: Married to Your Business Partner?

If you and your spouse run your business as a husband-wife partnership in Arizona, California, Idaho, Louisiana, New Mexico, Nevada, Texas, Washington or Wisconsin good news! Instead of filing the ....


MidasTimes -> Tough Times for Town Fathers

In the small town of Loganville, Georgia, pillars such as Tommy DeMilio of Wayne Thomas Group, Stanley Kelley of Community Bank, Maxie Price of Maxie Price Chevrolet, Betty McCullers of the Chamber....


MidasTimes -> A Biking Boom Amidst the Slow Economy

While small-business owners generally continue to struggle, one entrepreneur – bike shop owner K.T. Higgins shares how she's surviving in today's economy in a video courtesy of Fox News. ....


MidasTimes -> ISM: Service Sector Shrinks for 6th Straight Month

The services sector has declined for the sixth consecutive month – at a faster rate of contraction than expected, according a services index from the Institute for Supply Management (ISM). Su....


MidasTimes -> 5.1 Million Jobs Lost in this Recession So Far

The United States has lost a total of 5.1 million jobs since the recession started, according to the Labor Department. In March, the number of U.S. nonfarm jobs decreased by 663,000, bringing the u....


MidasTimes -> Sweet Returns

When Servatii Pastry Shop & Deli Inc. Owner Gary Gottenbusch noticed that customers were buying smaller items and commodity prices were increasing due to the recession, he turned to Manufacturi....


MidasTimes -> More Small Firms Drop Health Care

As smaller businesses cope with reduced revenue and increased health-care premiums due to the recession, many of them have no choice but to stop offering health insurance. Only 38 percent of small ....


MidasTimes -> Entrepreneurs Pack Up and Go Home

Due to the recession, many small-business owners are relocating their businesses from storefronts to their homes. But unfortunately, this change means additional challenges, such as home-business z....


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MidasTimes -> Unique Ways Entrepreneurs Are Raising Money

Due to the credit crunch, small-business owners are taking a more creative route than pursuing traditional funding sources to sustain their business. Business owners Debi Ryan asked her neighbors t....


MidasTimes -> Town's Friendly Bank Left Nasty Mess

Despite growing from $1 billion in assets in July 2006 to $2 billion in January 2008, state regulators shut down the community bank New Frontier Bank in northeast Colorado on April 10. Thirty-five ....


MidasTimes -> Economic Stress Index: May 2009

The Associated Press is keeping an eye on economic stress by county, measuring monthly unemployment, foreclosures and bankruptcy in each U.S. county with the Economic Stress Index. To convey the re....


MidasTimes -> Innovative Ways to Reel in Cash

Instead of seeking financing from banks, small-business owners are now finding innovative ways to raise money. For instance, ESSpa Kozmetika Organic SkinCare day spa Owner Eva Sztupka-Kerschbaumer ....


MidasTimes -> How to Enlist a Global Work Force of Freelancers

Buyouts and layoffs due to the recession have led many of today's companies to look for remote labor online, which they can do using online services marketplaces such as Guru.com, Elance.com and oD....


MidasTimes -> As Bankruptcies Surge, Fewer Emerge

In May, 7,514 businesses filed for bankruptcy, increasing last year's number by 40 percent. Even when the recession ends, economists predict that the rate will stay high for at least a year due to ....


MidasTimes -> Dropping Home Values Crunch Credit Lines

Many small-business owners fund their business with a home equity line of credit (HELOC), like Marcia and Tom Blackwell did when they launched their business, Blackwell's Organic Gelato, in 2005. I....


MidasTimes -> Obama Admin Considering TARP $ for Small Business

The U.S. Treasury is contemplating using Troubled Assets Relief Program (TARP) funds to increase Small Business Administration (SBA) loans for small businesses affected by the recession. Of the $12....


MidasTimes -> California Vendors Fight for Their Cash

California State Legislature could not concur on ways to close the state's $26 billion deficit, leading it to start issuing IOUs for vendor bills, personal income tax refunds, local government fund....


MidasTimes -> Starting on a Shoestring

Some businesses have significantly reduced overhead costs, enabling them to survive the recession. How? First and foremost, by being flexible with noncrucial business functions. More specifically, ....


MidasTimes -> Survey: Entrepreneurs are Optimistic

President's Resource Organization (PRO) President Ray Silverstein recently surveyed business owners on how they are doing in these tough economic times. He found that "The outlook is optimisti....


MidasTimes -> Small-Business Groups Want Aid Plan Details

The Obama administration is considering various proposals to help small businesses obtain loans, but the initiatives are not generating much enthusiasm from small-business advocacy groups. One prop....


MidasTimes -> Don't Be Tempted by 'Shelf Corporations'

While investigating "shelf corporations" – corporations created in low-tax, low-regulation states to build credit history before they are sold off, the Central California BBB discov....


MidasTimes -> Cash-Balance Plans Appeal to Small Firms

Small-business owners and professional groups are discovering a new way to save for retirement: cash-balance pension plans. A type of defined-benefit plan governed by the Employee Retirement....


MidasTimes -> Dallas-Fort Worth Small-Business Owners Say Health Plan's Price May Be Too Steep

House Democrats and the Senate Health, Labor and Pensions Committee both proposed national health care reform bills this week requiring employers to supply health insurance or pay a fee. In respons....


MidasTimes -> Entrepreneurs Win Tax Case Versus IRS

With the U.S. Tax Court's recent ruling allowing Nebraska farmers and active investors Paul and Alicia Garnett to deduct losses against salary and investment income, tax advisers will probably star....


MidasTimes -> Lean from the Top

"Think lean" is the new mantra for E.F. San Juan, a 32-year-old, family-owned custom millwork company located just north of Panama City, Florida. To survive the struggling economy while e....


MidasTimes -> Among Small-Business Owners, Signs of Hope

Small-business owners feel increasingly hopeful about the economy based on the National Federation of Independent Business (NFIB) monthly optimism index – since March, it has increased by 6.9....


MidasTimes -> Small-Business Salaries Lowest Since 2006: Survey

SurePayroll Inc. recently found that small-business salaries have decreased by 0.08 percent since June and more than 5 percent since 2009 started, making them the lowest since March 2006. Last year....


MidasTimes -> Small Business Administration Chief: 'We're the Popular Kid'

Small Business Administration (SBA) head Karen Mills recently shared her thoughts on the impact the Recovery Act has had on small business with CNNMoney. Although SBA-backed loans are down by 30 pe....


MidasTimes -> Taming Your Business' Cell Phone Bills

Nowadays, small-business owners can easily find better cell phone terms and rates, just by asking their wireless provider. "Thanks to the downturn, carriers are trying even harder to keep your....


MidasTimes -> Smartphone Showdown

Victor Cheng, the author of the book The Recession-Proof Business and founder of the business-training website VictorCheng.com, recently examined the smartphone operating systems WebOS on the Palm ....


MidasTimes -> Smartphone Apps Fuel Business

In addition to using smartphone applications for conducting a broad range of tasks, small businesses are now using them to better connect with customers. Specifically, smartphone apps can help busi....


MidasTimes -> US Misses Target for Small-Business Contracts

Federal agencies only awarded 21.5 percent of their contracts (totaling about $93 billion) to small businesses in fiscal 2008 – failing to meet their 23-percent goal and beat the previous fis....


MidasTimes -> Tapping Talent Through Internship Programs

As large businesses continue to cut internships and students increasingly need them in today's tight job market due to the recession, smaller businesses are finding it easier to attract more talent....


MidasTimes -> Why You Need a Business Plan

Business owners often put off writing a business plan, but should tackle the task for a few essential reasons, based on The Wall Street Journal Complete Small Business Guidebook scheduled for relea....


MidasTimes -> Sharp Drop in Start-Ups Bodes Ill for Jobs, Growth Outlook

Would-be entrepreneurs are more likely to seek employment than start a new company due to the recession, which has historically proven to negatively affect employment rates and economic output for ....


Voices -> MidasNotes

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MidasTimes -> Three Best Ways to Improve Your Online Reputation

Anybody can read about a business online – good and bad. Even if a customer review is unfounded, prospective customers may take it seriously. To protect and enhance your online reputation, ma....


Tools -> Library

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MidasTimes -> Entrepreneurs Take on Tax Man

More and more small-business owners are filing commercial property tax appeals and significantly reducing their tax bill as a result. For example, the Tennessee State Board of Equalization has rece....


MidasTimes -> Banks Cutting Back on Loans to Businesses

The Federal Reserve recently reported that business loans have decreased at a record annualized rate of 28 percent. On one hand, banks have tightened standards. On the other hand, many businesses a....


MidasTimes -> Political Uncertainty Puts Freeze on Small Businesses

Now 22 months after the recession started, small-business owners are still dealing with banks not lending and consumers not spending. But another major reason that these owners are not hiring, expa....


MidasTimes -> Three Best Ways to Build Business Credit

Small-business owners need a strong business credit history to obtain financing, but how can they build credit when banks and credit card companies are not lending to businesses without this histor....


Voices -> MentorNotes

Welcome to MentorNotes - Articles, comments, opinions and white papers from the MidasNation Mentors.  These works encompass a broad spectrum of industries, sectors, subject matter and discipli....


MidasTimes -> Small Business Owners Are More Gloomy

Source: WSJ.com | December 8, 2009 To read the full article, visit ....


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