Health Costs on His Mind, Small Factory Owner Looks for Ways to Cope With New Law Emily Maltby and Sarah E. Needleman at The Wall Street Journal talk with a small business owner outside of Chicago who’s considering ways to manage growth, preserve profit, and comply with the new healthcare law. Automation Systems, with with sales of about $1.6 million for 2012, currently employs 40 full-time workers, mostly low-paid employees who monitor the factory equipment. If sales were to continue to rise, the plant could, conceivably, employ 50 full-time workers in 2014. Under the new health-care law, the Affordable Care Act,…
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The recession is over and entrepreneurs are looking for cash, but are banks willing to lend? The answer is a resounding yes, according to reports at OPEN Forum. OPEN Forum’s Katie Morell talks to lending and credit experts to get the tips you need to get that loan application approved. Here’s what she found out: Bankers emphasize that borrowers need to present a solid picture of their business and themselves. Here’s what they’re looking for in potential lendees. Your Posse Come into a lending meeting with your accountant or lawyer in tow to immediately establish a degree of credibility.…