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: Increase Productivity, Make an Action Plan & Overcome Bottlenecks

Entrepreneur - One of These 3 Things Is Holding Your Business BackIn this week's roundup of great videos for entrepreneurs and small-business owners, Marie Forleo gives advice on blocking out distractions and increasing productivity, Brian Tracy describes how to create an effective action plan, and Evan Carmichael tells how to sell your clients on value-based pricing. And we've also got Warren Buffet, Elon Musk, Mark Cuban and other billionaires dishing out their best advice for success. Finally, Entrepreneur delivers an hour-long discussion about how to discover and overcome the bottlenecks holding your business back.  Read more

Mike Winters 17.7.2017 

Business Video Roundup: Financial Goals, Effective Leadership & Investing in Your Clients

Patrick Bet-David – Top 10 Marketing Books for Entrepreneurs Before you head off to celebrate Independence Day with your family and friends, here’s our latest roundup of great videos with helpful tips and inspiring advice for entrepreneurs and small-business owners. Below, Brian Tracy lays out how to set achievable financial goals, Stanford GSB lecturer Richard Cox discusses how to act like the leader you want to be, and the Hard Money Bankers guys talk about the importance of investing in your clients. Plus, Patrick Bet-David shares his picks for the top 10 marketing books for entrepreneurs and Evan Carmichael presents Simon Sinek’s Top 10 Rules for Success. Have a happy Fourth! Read more

Mike Winters 03.7.2017 

Houston Factoring Companies: Why Choose American Commercial Capital for Invoice Factoring?

Houston Factoring Companies / Houston SkylineIf you're a Houston-based entrepreneur who has been searching for ways to improve your business cash flow and get the capital you need to grow, chances are you've come across a dozen Houston factoring companies who all claim to be the answer to all your problems. Invoice factoring, for those who don't know, is when a business sells its accounts receivable (invoices) to a third-party company at a discount. Factoring helps prevent business cash-flow problems by allowing a business to get paid on invoices immediately rather than wait the typical 30 to 90 days to receive a client payment. It's a cash-flow sensitive solution that eliminates cash-flow restrictions and helps small businesses stay ahead of the game and grow. Read more

Mike Winters 26.6.2017 
Back
AMERICAN COMMERCIAL CAPITAL HOME

HOW MUCH COULD FACTORING INCREASE PROFITS FOR YOUR BUSINESS?

CALL 713-227-3863