We-Connect e-Source - 10/10/2008 (Plain Text Version)

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In this issue:
SBA Submits Final Women's Contracting Rule
News Briefs on Managing Your Business
WIPP Unveils Economic Blueprint
Council, Leadership Awards Deadline Nov. 1
IBS 2009 Preview & Women's Council Sessions
Experts to Discuss Diversifying Into Light Commercial
Financial Rescue Extends Expiring Energy Tax Incentives
Housing Jobs Key to State and Local Economic Recovery
FHA Hope for Homeowners Program Initiated this Month
Useful Links to Monitor Economic and Housing Trends
Take Advantage of Two NAHB Awards Opportunities
Subscribe to the Women's Council Channel
BuilderBooks.com Latest Offerings
Fall NAHB Member Advantage Discounts
Women's Council Sponsors

News Briefs on Managing Your Business

Fiscal report sees ‘great trouble’ brewing for states
Arizona, California, Florida, Michigan, and Rhode Island currently are suffering the most from worsening U.S. economic problems, but Connecticut, New York, New Jersey and other states will soon be in the same boat, a leading state policy research center says. Stateline.org (10/7)

Begin safeguarding business by protecting credit
Business owners need to be careful not to become paralyzed from worry over the financial crisis and take measures to safeguard their businesses, says Ed Hess, a professor at the University of Virginia's Darden School of Business. Hess and Charlie Goetz, who co-wrote "So, You Want to Start a Business? 8 Steps to Take Before Making the Leap," offer advice on how to do that. Begin by protecting your credit, they say. ITworld (10/8)

Maintain quality when making budget cuts
When cutting back on costs to make it through the financial crisis, experts say, businesses need to be careful to protect their core product and values. "Whatever happens, no matter how hard it is, even if I'm not making a profit, if I deliver to the customer an unchanged, quality product, I have a chance," says Vincent Williams, who owns two Honey's Kettle restaurants in Los Angeles. MSNBC/Entrepreneur.com (10/8)

5 tips for hanging tough
When credit is not available, these five tips may help a small business keep operating until the economy recovers: slash expenses, eliminate unprofitable areas, develop a back-up revenue source, even if it means getting a job, offer compensation linked to increased revenue, and cut production costs. The Wall Street Journal/SmallBusiness.com (subscription required)