SBANC Newsletter - March 25, 2014

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SBANC

Small Business Advancement National Center University of Central Arkansas — Conway Arkansas

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115H, College of Business - University of Central Arkansas - 201 Donaghey Ave. Conway, AR Issue: 810 - March 25th, 2014

Of The Week

“Most of the important things in the world have been accomplished by people who have kept on trying when there seemed to be no hope at all.” - D a l e C a r n e g i e

Upcoming Conferences ICSB

Who: International Council for Small Business

When: June 11-14, 2014 Where: Dublin, Ireland

th

What: 59 Annual Conference

MIAC

MMA

Who: MIAC

When: October 9-11, 2014

What: Fifth Mustang International Academic Conference

Where: Nashville, TN

Who: Marketing Management Association.

When: September 17-19, 2014 Where: San Antonio, TX

What: Educator’s Conference

Who: ISTEC ISTEC

What: Technology Conference When: December 18-20, 2014

Where: Doha, Qatar


Announcements SBANC

The Small Business Advancement National Center aims at increasing your knowledge of small business and entrepreneurship. All questions and comments would be greatly appreciated.

CCSBE

The Canadian Council for Small Business and Entrepreneurship will be holding their Conference at St. Francis Xavier University in Antigonish, Nova Scotia from May 22-24, 2014.

SOBIE

ICSB

IETC

The Society of Business, Industry, and Economics will be holding their 16th Academic Conference at Sandestin Golf and Beach Resort in Destin, Florida from April 8-11, 2014. Case Study Competition & Workshop: The competition is open to any person who is a member of ECSB / ICSB or is attending the ICSB 2014 World Conference. The prize for the competition is €250. Deadline is April 30th, 2014.

The International Educational Technology Conference will be held in Chicago, USA from September 3-5, 2014.

Call for Papers HSGBI

Who: Healthcare Systems and Global Business Issues What: 8

EUMMAS

ICMS

GBRJ

th

Int’l Conference

When: June 23-25, 2014 Where: Lincolnshire, England Deadline: May 15, 2014

Who: European Marketing & Management Association

When: June 6-8, 2014

What: 2014 Conference

Deadline: April 1, 2014

Where: Sarajevo, Bosnia

Who: International Conference When: June 18-20, 2014 on Marketing Studies Where: Taipei, Taiwan What: 2014 Int’l Conference Deadline: April 1, 2014 Who: Global Business Research Journal nd

What: 2 Int’l Conference

When: July 11-13, 2014 Where: Chennai, India Deadline: April 5, 2014


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Basic Coverage for Small Business You will not necessarily need insurance if you are selling ties on the street or candy at school, but the moment you move

of the Week

your business into a building, or have concerns about people being injured while buying or using your product, you will need it.

“A lower deductible equals a higher premium while a higher deductible equals a lower premium.” to cover. This will give you the

If you have an automobile or

A deductible is the

lowest possible premium.

truck that is owned or leased

amount of loss or damage

Thus, a lower deductible

by the business, you must

you agree to cover before

equals a higher premium while

carry the following:

the insurance pays on a

a higher deductible equals a

claim. In the example of a

lower premium.

restaurant, the owner might feel confident that he or she could pay $5000 in damages from a fire. The insurance company

Commercial Fleet Insurance, which covers your

Although state laws vary,

liability for personal inju-

most require business owners

ries in an accident, dam-

who have people working for

ages to any vehicle in-

them to carry:

volved and injuries to others.

would then pay the re-

Workers’ Compensation

maining amount. With a

Insurance, which compen-

Other useful types of insur-

higher deductible, the pre-

sates employees for loss of

ance are:

mium would be lower, per-

income and medical ex-

haps $90 per month. The

penses due to job-related

policyholder pays a lower

injuries.

premium in exchange for

Disability Insurance, which

a higher deductible. When

compensates employees

Business Income

buying insurance, choose

for loss of income due to a

Errors and Omissions

the policy with the highest deductible you can afford

disabling injury or illness.

Property Liability Product Liability

Key Person Life


Feature Paper

SBANC Staff

CROWDFUNDING: A NEW OPPORTUNITY FOR SMALL BUSINESS AND ENTREPRENEURSHIP

Executive Director Dr. Don B. Bradley III

Development Intern

Abstract Over the past few years, the area of entrepreneurship has grown significantly and with this growth, there has developed a new realm of funding: crowd funding. Crowd funding allows individuals to source their fundi ng from a various amount of individuals from platforms that can be found from the internet. This type of funding can be traced back to the early 1700’s and is continuing to evolve ever since its inception as

James Vire

Development Intern Joshua Tucker

micro financing. As crowd funding continues to evolve, it only becomes larger and more successful with projects raising millions of dollars and products being shipped worldwide. This type of financing is no t only reservedfor business projects, some platforms allow people to fund charities and allow these crowd funders to give back to society. This paper explores the process of crowd funding and some of its pitfalls. Page (23)

Read Entire Paper Here

Comments? The Small Business Advancement National has recently made immense changes to the layout of its website, SBAER.UCA.EDU, as well as its Newsletter. We welcome constructive criticism, comments, and of course, all questions throughout this transition.

Contact Us Email:

Source:

SBANC@UCA.EDU

Entrepreneurship & Small Business Management

Phone: 1 (501) 450-5300

Steve Mariotti & Caroline Glackin

Mail:

Prentice Hall

UCA Box 5018

Page 452-453

201 Donaghey Avenue Conway, AR 72035-0001

Copyright 2012

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