Chin up, small biz

Jeff Cornwall says it's easy to rant and rave, but actively acknowledging the good things happening these days will help us make it to the next boom in better spirits and better shape.
Jan 7, 2010 11:07 AM

Looking for red tape in the wrong place

Sure, community bankers wouldn't mind having to deal with fewer regulators. But it's a heck of lot more important to cut red tape for entrepreneurs and other businesses who are withholding investments that would fuel the job growth we need to bounce back. In the words of the NFIB:
Washington cannot expect small business owners, facing difficult economic circumstances anyway, to commit themselves to investing in new employees or equipment and vehicles without acknowledging and revealing the policy-inspired costs that will be imposed on them. It is all about uncertainty and confidence. Retrenching is not the same as abandoning goals, so retrench. Establishing priorities is not the same as abandoning goals, so establish priorities.
Dec 23, 2009 9:19 AM

Bank lending rebound is six months away

The Capital Spectator gives us a little more perspective on the drop in lending during this recession. Troubling? Yes. Logical? Also. On its way to surging back? Not yet. SEE ALSO: Jeff Cornwall on entrepreneurs' biggest problem during this downturn.
Dec 21, 2009 9:03 AM

Team looks like market VU nanotech drug technology

Milt Capps reports on the budding efforts by a group of scientists to commercialize some interesting nanotechnology used to better target and dose pharmaceuticals.
Harth expressed confidence that Revalida's ability to "tailor" drug delivery to support a wide range of drugs that require "very sustained and very constant rate" of administration will soon lead to significant progress in such fields as chemotherapy for cancer patients.
Dec 17, 2009 7:40 AM

Wanna be an optimist on the entrepreneurial climate?

Jeff Cornwall has your 10-point antidote outlining why small businesses could struggle in coming years.
Dec 15, 2009 11:49 AM

Gallatin firm No. 9 franchiser has compiled its 2009 list of the country's top franchising concepts and home restoration business ServPro checks in inside the top 10, 15 places higher than a year ago. What's likely even more satisfying is that a big regional competitor, ServiceMaster, ranks almost 50 spots lower. Other Middle Tennessee companies in the top 300: Tasti D-Lite and Oreck's retail arm. Check out the full list here.
Dec 11, 2009 9:58 AM

Stop cutting prices columnist Mark Carrier has some solid advice for business owners of all stripes.
We can make 2010 a step forward on the road to recovery for our industry if we embrace the notion that price is not the only important thing to consumers, and understand that racing to the bottom is not a productive long-term strategy for success.
Dec 1, 2009 9:51 AM

TNInvestco may grow further

Milt Capps has an update on the efforts by several TNInvestco players to expand the program's tax credits beyond their initial $120 million ceiling.
Kisber and Farr publicly announced Nov. 5 their intention to pursue an additional $40 million in tax-credit allocations for the two backup funds: Tennessee Angel Fund, closely tied to Nashville Capital Network; and, Solidus-TNInvestco LLC. In the interim since then, the commissioners are said to have have signaled TNInvestco participants they may be willing to pursue a further $40 million to cover the remaining two TNInvestco finalists that were not among the six outright winners: Memphis Biomed Ventures Tennessee; and, NEST-TN LLC.
Nov 25, 2009 8:08 AM

An inflection point in business lending?

A new study shows that the country's smallest companies have been steadily investing in growth since the spring. These microbusinesses have been a positive leading indicator in the past.
In past downturns, microbusinesses businesses have led their larger counterparts in and out of the slumps. In the recession at the start of this decade, for instance, delinquencies by businesses with less than $250,000 in borrowings peaked in January and February of 2001, just as the downturn was officially beginning, according to PayNet's analysis. Delinquencies by businesses with borrowings of between $250,000 and $1 million did not peak until January 2002, according to PayNet -- months after the recession officially ended. And delinquencies by even bigger borrowers peaked only in March 2003 -- more than a year into the rebound.
Nov 23, 2009 11:26 AM

These guys are hot

I've been remiss in not yet linking to this year's list of the Hot 100 compiled by my colleagues at BusinessTN. More than 50 Nashville-area companies — names as diverse as OHL, American Music Channel and TrackPoint Systems — are on this year's list of Tennessee ventures that are "fast-growing, emerging and brimming with promise."
Nov 20, 2009 7:31 AM