NFIB Organization

The U.S. Small Business Administration was founded on July 30, 1953, and has delivered millions of loans, contracts, counseling sessions, loan guarantees, and other types of assistance to small businesses. Even though SBA was formally created in 1953, its philosophy and mission began to form years earlier in other agencies and began largely as a response to the pressures of the Great Depression and World War II (Business, 1988). These events caused mass hardship on the economy, and the best way to promote it again was through small business. The Small Business Preference Program was created to guarantee that small businesses received their fair share of contracts for federal government services and supplies. The intent was to help strengthen the economy by allowing small businesses to get a portion of the property government sold as well. 23% of all Federal-contracting dollars must be awarded to small businesses, and specifically, 5% to women-owned small businesses. There are many different types of small businesses, and each receives a portion of the contract the government gives. The WOSB Program became effective in the FAR on April 1, 2011, and is one of the types of small businesses that are given preferential treatment (SBA.gov).

Better Business Bureau – a system of nongovernmental, independent, local regulatory agencies supported by local businesses that helps settle problems between customers and specific business firms.

FBCL to develop a partnership with a FBC non-profit organization that is seeking to strengthen its position in the community.

Many consumers consider the BBB a government consumer enforcement agency who has the responsibility of ensuring trust in the marketplace. The BBB has been operating for over 100 years and has over 400 thousand accredited business. (Better Business Bureau, 2016) In that time, the Bureau has gained the trust and respect of consumers and businesses alike. When BBB employees contact most businesses regarding complaints, they respond as if the BBB is an enforcement agency or an organization

To be honest before filling out this application I had never heard of the National Federation of Independent Business. Since then I have done my research and believe I have a grasp of who the NFIB is and what they stand for. Being a small businesses owner and coming from a family of small business owners, I appreciate the efforts of the NFIB.

Small business is at the heart of the economies of small towns all over the United States. Yet, big box stores like Wal-Mart and Target are growing increasingly popular in these same communities. This is because they are able to provide a wide variety of goods and services and the lowest prices possible. In weaker economies, these convenient and thrifty options can help stretch a family’s wallet and minimize the time it takes to run a household. However, these benefits come at a cost. Many have argues that Wal-Mart destroys any competition in a small town, ruining small businesses.

According to Black Enterprise, most other sectors of the business community have been able to access the money needed to grow their businesses over the last eight years. African American businesses, however, have not had this same benefit. In quantifiable numbers, African American businesses account for less than 2 percent of all Small Business Association Loans, even though Black-owned businesses comprise over 7 percent of the country's non-farm businesses.

NAB is launching “virtual bankers” in the form of chatbots to assist customers with simple administrative tasks and questions, with the reconstruction of processes expected to save the bank hundreds of millions of dollars.

While creating nonprofit companies there are many key factors to take into consideration. With CBO of America there are six main key issues that must be taken into consideration, each issue found has been ranked in order of importance;

Due to strong usage; idiomatic expressions have infiltrated people's daily conversations. One certain idiomatic expression that is popular, primarily in the southern region of the United States, is “(they) are too big for their britches” or “too big for one’s britches.” This is a common slang or idiomatic expression that can fit into a physical context or even fit into southern cultural groups. The idiom is also renowned throughout history and notable history contributors who used the expression.

Corey Turner’s article describes how a fairly new Securities and Exchange Commission rule puts minority business owners at a disadvantage. The rule, which makes paying for finder’s services against the law, puts minority and small business owners at a disadvantage by preventing the use of finders to connect to investors, partners, and new customer groups. Finders are middle men in business transactions that help to facilitate and connect businesses and their operations. Finders are known to be an important impetus for businesses, especially small businesses and start-ups, who lack the resources and connections to find investors and assets for the business. However, finders do not work for free. Many of which are businessmen and businesswomen themselves, finders get compensated for their help by collecting fees, what we all know as finder’s fees. Thus, the SEC making finder’s fees

Nonprofit organizations have several functions, and not each one is alike. Essential to all non-profit organizations are four functions: planning, budgeting, funding and management.

Social responsibility and customer intimacy appears to be NBB’s most important competitive advantage and the cornerstone of the company’s strategic focus. According to the Ferrell and Hartline, NBB had a pre-existing ethical culture established between branding and corporate citizenship, well before the company entered into the marketing department (Ferrell & Hartline, 2014). The firm's core values and beliefs is defined clearly in their mission statement that was created in 1991 (Ferrell & Hartline, 2014). The mission statement focused on the firm's ethical cultural responsibilities to the employees, the company as well as the consumers and is currently in effect today (Ferrell & Hartline, 2014).

Big business versus small business has been an issue since business started. Small businesses need to have a solid structure and a large backing of consumers to survive against big business. Josh Novak had a successful model for Glow-Foods and International Food Group (IFG) saw that. They were so impressed with his IT plan at Glow-Foods, they offered him a job at their IT office with a team to help their demographic. Josh was excited yet hesitant as he knew IFG was

Numerous large businesses that are operating today were once started as small businesses. A new business is established to create a good or service that no other businesses have ever created or simply a product of higher quality than existing products, with the purpose of meeting customers’ needs and earning profits. Due to the technological advances at the present time, starting and operating a new business is less laborious. Nevertheless, would-be entrepreneurs should be familiar with the proper approaches to start their businesses.