SBA Launches Startup in a Day Initiative to Streamline the Process of Starting a Business

Posted on 01.Jul.2015 by Mike Winters | @amcomcap

Red TapeGovernment red tape is one of the most frustrating hurdles for entrepreneurs starting a new business. Making sense of all the city, county, state, and federal requirements and then applying for all the necessary permits and licenses can be difficult and time-consuming. To help make this process easier on entrepreneurs, the White House and the U.S. Small Business Administration, in alliance with the National League of Cities, has launched the Startup in a Day initiative.

The Startup in a Day initiative challenges U.S. cities to create online tools that make it possible for entrepreneurs to find and apply for all local, state, and federal requirements within a single day. Yep, just one day.

Eleven cities have already taken the Startup in a Day pledge, including Boston, San Francisco, Salt Lake City, and Kansas City. Sadly, Houston is not among these pioneering cities, but we hope to see our city take the pledge soon.

President Obama said in a statement:

"I'm calling on city halls across the country to join the initial eleven mayors in a simple but powerful pledge to entrepreneurs and small business owners: If you want to start a business, we'll make it so easy to navigate the license and permitting system online, that you'll be off and running within 24 hours."

To make things even more attractive for cities to take the Startup in a Day pledge, the SBA is offering prize money to help local leaders fund the creation and development of the online tools. The SBA will award up to $50,000 to 25 communities around the country by the end of summer, with an additional $250,000 going to local and state governments who come together to create tools that can be used by other communities.

The Startup in a Day pledge:

Our cities and communities are committed to making it easier for every entrepreneur to start a business. We believe an entrepreneur's time is best spent developing innovative products and services, creating jobs, and growing local economies—not navigating red tape. While fair zoning rules, licenses, and permits are important to ensuring public safety and fair competition, it shouldn't take more than a day for entrepreneurs to identify and begin to apply, ideally through a single online tool, for the licenses and permits they need to responsibly launch a business. Accordingly, we resolve to:

1. Create a "Startup in a Day" online tool within 12 months: We will develop within a year a website or application that lets most entrepreneurs identify and begin to apply within one day for all requirements to launch a business in our respective communities.

2. Develop a streamlined, business-friendly, online permitting system: Our pledge is a first step in a larger effort to streamline, simplify, and bring online those regulatory requirements that have traditionally been fragmented across multiple agencies and handled through a paper-based process. Our ultimate goal is for small business owners to be able to manage and complete most of their regulatory obligations within a single easy-to-use online system.

3. Share best practices: In an effort to encourage other municipalities to join us in this effort, we are joining a community of practice administered by the National League of Cities, and commit to sharing best practices, publicizing key learnings, highlighting tangible outcomes, supporting smart regulatory simplification, and providing visibility into our actions.

More info on the Startup in a Day initiative is available at www.sba.gov/startup.

image description Roy Brooks and American Commercial Capital, LLC, has provided invoice-factoring services to Houston-area small businesses since 2003. We work with businesses in San Antonio, Dallas, Austin, Fort Worth, Beaumont, Port Arthur, Corpus Christi, and other nearby Texas cities.

If you want to learn more about how cashflow-sensitive invoice factoring can help your business, give us a call at 713-227-3863, contact us here, or fill out our form for a free, no-obligation quote.

READ MORE FROM AMERICAN COMMERCIAL CAPITAL

Business Video Roundup: Finding a Good Team, Creating Action Plans & Leading Strategically

Founder of Slice App, Ilir Sela "Luck is what happens when preparation meets opportunity," says former CIA director and current KKR Global Institute chairman David Petraeus. That being the case, we hope this week's roundup of videos can help you become more prepared for any opportunities that come your way. We've got Petraeus discussing strong strategic leadership, Evan Carmichael describing how to find a good team, and LISA CEO Rob Richmond talking about finding opportunities even in the most crowded markets. Last but not least, Brian Tracy describes how to create and implement an effective action plan to meet your goals and the CEO of the Slice pizza app discusses how he aims to help mom-and-pop pizzerias without hurting their bottom lines.  Read more

Mike Winters 13.4.2018 

Business Video Roundup: Building Trust, Defining Leadership & Paths to Success

CEOs in Conversation at Columbia Business SchoolIn this week's roundup of great videos for entrepreneurs and small-business owners, the CEO of Oak Street Health talks best practices for building trust in any market, two tech CEOs discuss leadership and paths to success, and a finance CEO offers up seven important lessons that he learned by starting his own business. Plus, Brian Tracy gives a few tips on how to stay motivated in sales while Evan Carmichael presents the top 10 rules of success for The 10X Rule author Grant Cardone. Read more

Mike Winters 02.4.2018 

Business Video Roundup: Starting a Successful Business, Staying Motivated & Mastering Your Craft

Branding Boot CampOn deck for this week's business video roundup: Evan Carmichael and Stephen Kelly give sage advice on launching a successful business, Brian Tracy offers up tips on how to stay motivated during times of high stress, and Gary Vaynerchuk touts the importance of mastering your craft. Plus, Evan Carmichael lays out 10 reasons why people fail (and how you can avoid them) and Entrepreneur contributor Jessica Abo discusses branding strategy with Grayce & Co CEO Kathleen Griffith. Read more

Mike Winters 23.3.2018 
Back
AMERICAN COMMERCIAL CAPITAL HOME

HOW MUCH COULD FACTORING INCREASE PROFITS FOR YOUR BUSINESS?

CALL 713-227-3863