Advocacy Efforts under the Regulatory Flexibility Act Saved Small Businesses $7 Billion in FY 2009
WASHINGTON, D.C. – Small businesses realized $7 billion in first-year cost savings and $745 million in annually recurring savings as a result of fiscal year (FY) 2009 efforts to help agencies comply with the Regulatory Flexibility Act (RFA). The law requires agencies to review the economic impacts of proposed regulations on small entities and consider less burdensome alternatives. The figures are reported in the FY 2009 edition of the Office of Advocacy’s annual Report on the Regulatory Flexibility Act.
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The Likability Factor
Do your potential clients like you? Do they perceive you as likable--and I mean really likable? If they don't, none of the rest of your efforts to establish yourself as the answer to their problems will matter. When you get right down to it, life is a series of popularity contests.
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How to Revamp Your Marketing Plan
How should Denim Therapy market its jeans repair service? Four entrepreneurs weigh in. Denim Therapy is on a mission to save your favorite pair of jeans from a tragic demise. Denim junkies mail their jeans to the company's New York City headquarters, where the staff repairs holes and worn hems by weaving new thread into the damaged area.
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Stepping Up
First Independent Bank used to be the banking equivalent of a Buick. In its hometown of Vancouver, Wash., many people knew of the century-old bank, but thought of it as fusty. "It was very much your grandfather's bank," says Tammi Olund, the senior marketing manager.
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Hitting All the Right Notes
An audio-equipment entrepreneur learned the benefits of scaling back after his bank tightened credit. In the July/August 2009 issue, we wrote about Kevin Semcken, the CEO of the audio-equipment business Able Planet.
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The Reality of Recovery
More than a year ago, NFIB opposed the giant stimulus bill. Today, as we feared, the positive effects on small business are negligible. We caught up with five small business owners to find out what happened when they tried to follow the money.
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