New York SBDC Research Network

DealBook: A Lesson in Control By STEVEN M. DAVIDOFF November 10, 2010 New York Times The Deal Professor examines the use of venture capital for a start-up, saying many entrepreneurs receive needed money, but lose control of their business "A venture fund will negotiate a set of agreements with the founders at the time of its investment... Not only will the fund negotiate to ensure that an exit occurs, but the V.C. will insist that it be paid back before the founder. "The key for entrepreneurs in deal negotiations is to make sure that when they do raise V.C. money, they have options. If they can get multiple term sheet offers from more than one venture capital firm, then they can negotiate to sell the smallest part of their company on the most lenient terms. If you only have one term sheet, you are not going to fare well. "When the company is not performing to expectations, these legal rights negotiated at the beginning of the founder-V.C. relationship come into play.&qu

Veterans Day originated as “Armistice Day” on Nov. 11, 1919, the first anniversary of the end of World War I. Congress passed a resolution in 1926 for an annual observance, and Nov. 11 became a national holiday beginning in 1938. President Dwight D. Eisenhower signed legislation in 1954 to change the name to Veterans Day as a way to honor those who served in all American wars. The day honors living military veterans with parades and speeches across the nation. A national ceremony takes place at the Tomb of the Unknowns at Arlington National Cemetery in Virginia.

HillLibrary.org notes: 5 Lessons Entrepreneurs Can Learn From the Midterm Election No, this isn’t another “what the elections mean for your business” – though those opinion pieces are also worth looking at! Rather, it suggests some lessons entrepreneurs can learn from the winners and losers of the election. Does money guarantee success? Is experience necessarily a good thing? Check out these thoughts from Mark Hall, founder of Input Ladder LLC and blogger at startup blog My Two And A Half Cents.

An MBA student sent me info on Elevator Pitch resources. Specifically, one from the Guide To Online MBA . He writes, "It has a ton of great elevator pitch resources, including competitions and writing resources that you and your users may find useful!" And I wondered: Do Entrepreneurs Need Elevator Pitches? Guess what? The page addressed that very question .

I love Advertising Age magazine. Several of us read our office subscription. The October 11, 2010 edition is The Consumer Issue, and contains several useful articles, including: How U.S. Assimilation Is Changing Marketing Rules Will Ad Industry's Opt-Out Program Entice Consumers? Marketers Still Struggling With Mommy Issues - they fail to recognize mommy is likely older, e.g. Don't Be So Quick to Dismiss Power of Asian Consumers 'Urban' Trope Misses a Large Swath of Black Consumers Tweens Embrace Makeup, Reject Miley Media-Savvy Gen Y Finds Smart and Funny Is 'New Rock 'n' Roll' There is a finite nymber of articles you can access online without a subscription. One suggestion: How U.S. Consumers Are Steering the 'Spend Shift' Five Eye-Opening Takeaways From an in-Depth Analysis on How Americans Are Changing in a Post-Crisis Society 1. The New American Frontier -- the values of optimism, resiliency and opportunity 2. Don't Fence Me In -- the

"The U.S. Department of Housing and Urban Development's (HUD's) Office of Policy Development and Research (PD&R) supports the Department's efforts to help create cohesive, economically healthy communities. "PD&R is responsible for maintaining current information on housing needs, market conditions, and existing programs, as well as conducting research on priority housing and community development issues. The Office provides reliable and objective data and analysis to help inform policy decisions. PD&R is committed to involving a greater diversity of perspectives, methods, and researchers in HUD research." And that's where I found Qualified Census Tracts and Difficult Development Areas and other low-income data regarding housing, which can be applied to other uses.

The Statistical Abstract of the United States , published since 1878, is the authoritative and comprehensive summary of statistics on the social, political, and economic organization of the United States. Although emphasis in the Statistical Abstract is primarily given to national data, many tables present data for regions and individual states and a smaller number for metropolitan areas and cities. Use the Abstract as a convenient volume for statistical reference, and as a guide to sources of more information both in print and on the Web. Sources of data include the Census Bureau, Bureau of Labor Statistics, Bureau of Economic Analysis, and many other Federal agencies and private organizations. The PDF version is available for download here .

The Database of State Incentives for Renewables & Efficiency, or DSIRE , is a comprehensive source of information on state, local, utility and federal incentives and policies that promote renewable energy and energy efficiency. Established in 1995 and funded by the U.S. Department of Energy, DSIRE is an ongoing project of the N.C. Solar Center and the Interstate Renewable Energy Council. Users can search for state or federal incentives, as well as benefit from other useful aspects of the website. One such useful aspect of the website is the Library , which includes selected reports, technical papers, articles and presentations authored by the DSIRE staff. Related publications that were co-authored with colleagues in academia, government and the private sector are also included. Another useful aspect of the website are the Links provided to National Organizations, Federal Resources, State Organizations, Regional Organizations, and International Organizations. Overall, this is an i

For those visually inclined, here is an infographic of the information we share through the Internet. Some of these are such staggering numbers, it's difficult to get one's head around but neatly summarized at GOOD . Other interesting infographics can be found at their site .

The United Nations General Assembly designated Oct. 20, 2010, as the first-ever World Statistics Day to highlight the role of official statistics and the many achievements of national statistical systems. Statistical organizations throughout the world will celebrate World Statistics Day at the national and regional level. The census, the U.S. Census Bureau and 13 other principal federal statistical agencies together have been collecting statistics about the nation's people, economy and society since 1790. Here are some statistics, including statistics about statistics .

Launching a blog for your business is an exciting way to generate continual buzz and to boost your word-of-mouth marketing efforts. Blogs are a more personal, conversational way to communicate with your customers, and they help foster customer loyalty. Through helpful, entertaining posts, you can start and maintain conversations with customers about your business and position yourself as an industry expert. More HERE .

On Wednesday, October 27th from 9:30-10:30 AM, the New York State Small Business Development Center (NYS SBDC) will be co-sponsoring a free webinar on Franchising. The webinar is being presented by Frank Dunne, Principal of the Hudson Valley FranNet, a company that provides no-cost guidance, information and support to individuals who are interested in exploring the purchase of a franchised business. The program is primarily targeted at entrepreneurs who are seeking information on franchising. To register by phone call (914) 260-9082, or by email at fdunne@frannet.com.

While searching for local grant writers the other day, I stumbled upon a website created by a grant writer in New York City. GrantWatch.com describes itself as "the only website that provides a comprehensive listing of the most current funding opportunities: Federal, State, Foundation grants for nonprofits, for-profits, preschools, education, community, faith based organizations, universities, small businesses and government." Users can search the website by grant topic OR by state. I found the state search particularly helpful and unlike the main grant site we search here at the Research Network, this site has a free search option. Finally, one of the topic searches was "For-Profits", a topic we rarely find grants for and another main reason I will use this site when searching for grants.

Every month, Forbes magazine has a page of quotes at the back of the magazine - "Thoughts and Quotes on the Business of Life". Here's the link to the online database .

From Guidestar : "Time is running out for small nonprofits facing loss of tax-exempt status because they have not filed Form 990-N or Form 990-EZ for three consecutive years. The deadline for the IRS's one-time filing relief program is October 15, 2010 . After that, nonprofits that (1) are required to file a 990 and (2) whose filings are at least three years in arrears will automatically lose their exemptions. To regain tax-exempt status, they will have to apply to the IRS all over again, a process that can take several months and requires payment of fees."

The CIA World Factbook is an almanac that provides information on the history, people, government, economy, geography, communications, transportation, military, and transnational issues for 266 world entities. Updated every two weeks, the Factbook can provide useful information to both importers and exporters. Entries are divided into the following categories: Introduction - Background Geography People Government Economy Communications Transportation Military Transnational Issues When dealing with business associates in foreign countries, it is essential to know detailed cultural information, and this is an excellent source for the most basic information.

From Tee Rowe, ASBDC President: The Senate Resolution on the 30th anniversary of our nation's SBDC network recognizes the role of SBDCs in small business and economic development over the course of 30 years. Special thanks go out to the Chairwoman of the U.S. Senate Committee on Small Business and Entrepreneurship, Senator Mary Landrieu, and to the Ranking Member of the Committee, Senator Olympia Snowe, for their leadership on this legislation. For the text of the Senate Resolution [S. Res. 638] on the 30th anniversary of the national SBDC network, click here .

WASHINGTON – The U.S. Small Business Administration published today a package of revised size definitions for three broad commercial sectors affecting businesses in retail trades, accommodations and food services, and other services. The changes were proposed on October 21, 2009, and will broaden small business eligibility and help them gain access to SBA’s financial assistance, contracting and other programs. The agency estimates as many as 17,000 additional firms will become eligible for SBA programs as a result of the revised size standards. “These increases in the size standards mean more of America’s small businesses will be eligible for and can access the resources and services the SBA and other federal agencies have available,” said SBA Administrator Karen G. Mills. “This comprehensive review is aimed at making sure the factors that determine eligibility are aligned with current economic and industry indicators and ensure that small businesses across the country have the tool

My Fellow New Yorker: I am proud to announce the launch of New York First ( http://www.nyfirst.ny.gov/ ), an innovative business website geared toward the needs of companies within New York State and those who are considering relocating here. Until now, anyone looking for information on the State’s economic development programs would have to contact every agency in the State. With New York First, the full scope of what our State offers its entrepreneurs and potential corporate partners can now be found at one centralized, easy-to-navigate website. New York First brings new clarity, efficiency, and transparency to the State’s economic development efforts. This new site also offers an “Experts on Demand” guarantee. Any email or phone call will receive a response from Empire State Development staff within twenty-four business hours. I’m confident this site will act as a catalyst for long-term business growth, jobs, and prosperity in New York, building on my Administration’s larger efforts

Earlier this week while doing research on the Hot Dog Industry, I stumbled across the interesting article directory SME Medic . A business resource blog providing advice for companies looking for help with growing their business, the website provides tips, articles, guides, and solutions designed to "Take Your Business to the Next Level". There are 3659 published articles and 3203 registered authors in the article directory. You can find articles with interesting and useful information on most popular business themes, including: Advertising Business Startup Careers Computers Finance Human Resources Internet Marketing Legal Logistics Marketing Office Equipment Real Estate