New York SBDC Research Network

From Bplans : Bplans loves SaaS (or “software as a service”). It also loves SaaS businesses, subscription businesses, and the subscription business model in general. So, the company has made an effort to create resources to help you learn more about what running a SaaS or subscription business actually entails, and give you the tools to start and run one successfully. Here, you’ll find all of the best SaaS and subscription business resources, starting with a detailed definition of a SaaS business (so if you’re still unsure what it actually means, don’t worry—it's covered), all the way through how to grow your SaaS or subscription business, and inspiration from some truly bizarre subscription products out there.

If you are a company that may qualify for a waiver of the one year in business requirement (typically licensed professionals going into business for themselves who can meet all the qualifications, are generating revenue, etc, but haven't been in business for a full year), here are updated guidelines from the ESD Certification Help Desk on how to make that request and what's required as support documentation: A one year waiver for a business entity requires the following documentation before it can be forwarded to the Executive Director for final approval: 1. A letter requesting the one year waiver for the business entity in question to the NYS ESD Division of Minority and Woman Business Development explaining the services or products you provided leading up to the start of your new company; 2. The majority owner(s) current resume(s) typically listing training, and dates of employment history with brief explanation of role and responsibilities; 3. If applicable, any re

The Small Business Administration increased its guarantee percentage for bonds issued in the Preferred Surety Bond Program from no more than 70 percent to no more than 90 percent, per Public Law 114-92 of the National Defense Authorization Act of 2016. SBA guarantees will be 90 percent if the original contract is $100,000 or less, or if the bond is issued on behalf of a small business owned and controlled by socially or economically disadvantaged individuals, veterans, service disabled veterans, or qualified HUBZone and 8(a) businesses. In all other cases, the guarantee will be 80 percent. The increase will be effective Nov. 25, 2016. The new guarantee limits will expand bonding opportunities for many small businesses. For more information about the Surety Bonds Guarantees Program, please visit https://www.sba.gov/surety-bonds .

From the US Department of Labor : It’s a fact: our workforce is aging. By 2024, nearly 1 in 4 people in the labor force are projected to be age 55 or over. This is a big change from 1994, when people ages 55 and older represented only 11.9 percent of the labor force – a share smaller than those held by other age groups: 16-24, 25-34, 35-44 and 45-54. But by 2024, their projected share will be the largest among these age groups. There are two reasons for this trend. The first is an aging population: baby boomers − those born from 1946 to 1964 − are moving into older age groups. By 2024, the youngest will be 59 years old. The second reason is an increasing labor force participation rate among older workers. Research shows many older people are remaining in the labor force longer than those from previous generations. According to one study, about 60 percent of older workers with a “career job” retire and move to a “bridge job”; that is, a short-term and/or part-time position. Ano

Looking for assistance for a specific type of business NOT showing up in the very useful Business Wizard license center website? There is a "contact us" link on the license center website, on the page where all of the drop-down menus are for the type of business. One of our NY SBDC has called often and has found the representative to be very helpful in helping to determine how to categorize certain business entity types. Sometimes it ends up being in more than one category. For instance, our advisor had a taxidermy business, which does not show up as a choice. After several calls, the representative found the one person in the state who knew about the one law that applied to taxidermy!

From Fast Company : Our axiom when we set out to build our list of the World's Most Innovative Companies has always been that whatever challenges may be buffeting business--political uncertainty, market instability, international unrest--there are always pockets of extraordinary achievement. We partnered with data-analysis outfit Quid to help us identify a broader pool of candidates; that breadth reinforced our conviction that a new wave of business practices is increasingly taking hold across the world. And we were inspired by what we found.

From: SmallBusiness.com Small Business Saturday is the Saturday after Thanksgiving in the U.S. In 2016, Small Business Saturday will be November 26. The day is intended to encourage American shoppers to consider small retailers and merchants as they think of their holiday shopping. It comes as an answer to the Friday after the U.S. Thanksgiving Day (4th Thursday of November) called Black Friday and the following Monday called Cyber Monday. Both of those days have come to be associated with discounts and promotions at large retail chains and ecommerce businesses. Small Business Saturday is a promotional effort intended to encourage consumers to support local businesses that create jobs, boost the economy and preserve neighborhoods around the country.