Rhonda Abrams: New SBA chief must be vocal advocate
As the Small Business Administration celebrates its 60th anniversary, a new administrator will be at its helm.
With the departure of SBA chief Karen Mills, President Obama has the opportunity to appoint an advocate for America's small businesses.
Mr. President, here are qualities to keep in mind to help you determine who your administrator should be:
• An advocate for truly small businesses. The first focus of the administrator should be on those companies we all would recognize as small companies, not those with 1,000 to 2,000 employees or start-ups that plan to be small on their way to big.
• A prod to banks. Banks are flush with money, and the administrator should be meeting with bankers to encourage greater small-business lending.
• A fighter for counseling. One of the first functions of the SBA is to “aid, counsel, assist and protect” small businesses, yet this often receives the least money or attention.
• An advocate for the self-employed. One-person shops cumulatively generate almost a trillion dollars in revenue and dramatically decrease unemployment, yet few are advocating on behalf of this large segment of the American economy.
• A protector against fraud. The SBA administrator must take an active role in ensuring that small companies can take advantage of the JOBS Act's revenue streams without being taken advantage of themselves.
• A louder voice in government regulations. Many regulations have unintended consequences that negatively affect small companies.
For example, the new mortgage rules, while protecting consumers, almost certainly will make it more difficult for small-business owners and the self-employed to qualify for home mortgages.
• An experienced small-business owner. Many people consider themselves entrepreneurial, but I want an SBA administrator who truly understands the life of those of us in small business .
Mills should certainly be thanked for her public service.
Now I would like to see an energetic and vocal advocate for small companies step into her shoes.
Rhonda Abrams is president of The Planning Shop and publisher of books for entrepreneurs;: facebook.com/RhondaAbramsSmallBusiness.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- U.S. allows ‘purposeful’ cruises to Cuba; Carnival plans trips from Miami in May
- Risk for insurers, mutual funds are stronger, IMF claims
- U.S. job openings stay high, but actual hiring falters in May
- Choppy trading day ends with gain
- U.S. trade deficit widened in May
- Mylan investors not told of 2 land sales involving exec, partner
- Drilling impact fees may generate 15% less for Pennsylvania
- 4moms CEO Daley expects major growth spurt, tenfold increase in sales
- Crazy Mocha owner likes comfort, says shrewd decisions foster growth
- Investors shy from Israeli drugmaker Teva amid uncertain Mylan takeover
- New J.C. Penney CEO comes from middle-income America