Day: April 16, 2020

Fueling your company’s urge to surge

Imagine you are a business leader operating a decade from now. Your organization has become the unassailable leader in its market. How did this happen?

In years past, you were competing head-on with several other players. Each time you tried to move ahead, your competitors kept up with you. You watched what they did, and if you noticed them doing something new, you would try it out yourself to make sure they didn’t build a lead over you.

But now, you have left your competitors behind. Your organization has been able to command higher margins and win business more easily. Suppliers and financiers beat a path to your door. The best talent wants to work for you, and you can afford to pay them more than your competitors can. If this continues, you may be able to dominate your industry for decades to come.

This story is an example of

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Fueling your company’s urge to surge

Imagine you are a business leader operating a decade from now. Your organization has become the unassailable leader in its market. How did this happen?

In years past, you were competing head-on with several other players. Each time you tried to move ahead, your competitors kept up with you. You watched what they did, and if you noticed them doing something new, you would try it out yourself to make sure they didn’t build a lead over you.

But now, you have left your competitors behind. Your organization has been able to command higher margins and win business more easily. Suppliers and financiers beat a path to your door. The best talent wants to work for you, and you can afford to pay them more than your competitors can. If this continues, you may be able to dominate your industry for decades to come.

This story is an example of

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SBA touts $250 billion loan approvals, but there’s little evidence small businesses are seeing cash

The Small Business Administration said that banks have approved nearly $250 billion in emergency lending to American small businesses, but there is scant evidence that much of that money is actually making its way into the hands of business owners, many of whom say time is running out before the coronavirus epidemic could force them to shutter permanently.

“In general, the system is not working well,” said John Arensmeyer, chief executive officer of advocacy organization Small Business Majority, in an interview with MarketWatch. “Even businesses that have heard their loans have been approved haven’t seen any money yet.”

The SBA said Tuesday that more than 1 million loan applications for Paycheck Protection Program (PPP) loans have been approved by 4,664 lenders for roughly $247 billion dollars, through April 13, but have provided no information on how much money has actually been disbursed.

The Paycheck Protection Program was established by the

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