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Big Ideas for Small Business® has been dedicated to helping small businesses succeed for over 20 years. The brainchild of Barbara Weltman, a respected corporate speaker, contributing editor, author of more than a dozen books from major publishers, sought-after expert media source, newsletter publisher and more than ever, a trusted advocate for small business owners. Big Ideas for Small Business® is a haven for entrepreneurs looking to succeed.

Idea of the Day®

February 07, 2016

Super Bowl: Impact on Small Businesses

Businesses in the San Francisco Bay area where Super Bowl 50 is held are surely impacted by the event. However, some small businesses nationwide may also be favorably affected. For example, today is the best day of the year for pizza sales.

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Resources For Your Business
  • Super Bowl 50 and Office Pools

    Betting this year on the outcome of Super Bowl 50 is expected to reach $4.2 billion (up from $116 million last year). Are office pools good or bad for your business? It’s not entirely clear. The majority of employers believe that office pools are good for morale and foster teamwork; but more than a third say that office pools impede productivity. Where do you stand? Here are some factors to consider. Company policy about office pools According to a 2010 survey, two-thirds of employers did not have any policies about gambling in the workplace. I doubt that this statistic has changed […]

  • According to Wasp Barcode’s State of Small Business Report, which was released late last month, 50% of small business owners said that hiring was their greatest challenge. It’s unfortunate that owners feel this way.  I think there are some factors that may help with hiring now.                   Competing with large employers It is true that smaller companies can’t offer the same menu of benefits that larger ones do. But small businesses can offer prospective workers many valued benefits and, as a result, compete successfully for good talent. For example, small companies can offer […]

  • According to a Kent State’s Succession Planning Workshop in 2012, more than 70% of privately-owned businesses will change hands within the next two decades. This statistic can’t be ignored. I won’t pretend to give a complete discourse here on estate planning for businesses, but I want to make several key points: 1.  If you fail to take action, you create problems for your heirs The same study reported that 80% of businesses do not have any succession plan. While these stats were derived from a look at small businesses in Cleveland, OH, I don’t think owners here are unique; owners across […]

  • The Protecting Americans from Tax Hikes (PATH) Act, which was signed into law on December 18, 2015, extends permanently or temporarily many business-related tax rules. In this blog, I focus on the changes related to S corporations. Overview Many small businesses function as S corporations. In fact, there were more than 4.6 million S corporation returns filed for 2014. The PATH Act made a number of favorable changes impacting S corporations. Built-in gains tax When a C corporation elects to be taxed as an S corporation and has appreciated assets at that time, the potential gain in those assets (technically […]

  • Last December, the Federal Reserve announced that it was raising the Federal Funds Rate (the rate at which banks borrow money from each other overnight) by a quarter of a percentage point, and would likely be making additional rate hikes in the near future. What does this rate increase and those to come mean to you? SurePayroll found that 45% of small business owners did not think the interest rate increase would have any effect on them. On the other hand, 42% thought that the increase would have a negative impact. Most interesting to me was the fact that 13% thought […]

  • The Protecting Americans from Tax Hikes (PATH) Act, which was signed into law on December 18, 2015, extends permanently or temporarily many business-related tax rules. In this blog, I focus on the tax credit for certain research activities. Overview According to the National Science Foundation, “small businesses produce many of the radical innovations that lead to groundbreaking new products and even new industries.” The SBA reports that small businesses produce 16 times more patents per employee than large firms. If you engage in certain research and development activities, you can claim a research credit equal to 20% of the amount […]

  • When you go into business with others, things don’t always work out as anticipated. Co-owners can disagree about the direction of the business and, as a result, one may want to leave the company. One owner may have a change in family situation or a desire to do something else. Or an owner may become incapacitated or simply want to retire. A Chase article last month suggested that “restrictive business relationships can leave entrepreneurs in a need of a break-up.” The decision by an owner to part ways triggers financial, legal, personal, and practical issues that need to be addressed. However, […]

  • The movie entitled Joy is based on the life of Joy Mangano, who developed the Miracle Mop that she marketed on QVC and went on to build a business empire. The movie, which I found very entertaining, contains a number of do’s and don’t’s for start-ups everywhere. I’m not sure that these points are reflective of Joy’s actual story, but they shine in the movie and certainly provide guidance to entrepreneurs. Do:  Have a great idea. Her mop was better than anything else on the market. She could enunciate the key pain points of traditional mops for customers (poor floor coverage […]


Resources For Your Business

Tracking Personal Time Off by OPEN Forum

Small Business Taxes and Spending by OPEN Forum


February 07, 2016


  • 10:00 am

    Each Sunday, 10:00am/ET

    Sponsored by: Kate Nasser (@KateNasser)


Events in February 2016

barbara’s books

  • Small Business Survival Book

    12 surefire ways for your business to survive and thrive! Owning a small business can be a fulfilling and financially rewarding experience, but to be successful, you must know what to do while the business is up and running, and, most importantly, what to do when the business runs into trouble. This book is definitely part of what you need to succeed!
  • As Vicki Raeburn of Dun & Bradstreet notes in the forward, "...the successful creation of credit by small business has a significant effect on one of the most important business drivers, namely cash flow. ...     [This book has] the information needed to understand and build business credit."
  • "The Complete Idiot’s Guide to Starting a Home-Based Business will answer questions you probably haven’t even thought the door to opportunity right now by reading and frequently referring to the information in this book" -- Beverly Williams President and Founder of the American Association of Home-Based Businesses
  • eBay has opened up a world of possibilities for just about anyone who wants to make money. You don’t need an advanced business degree from Harvard or Yale. You don’t need millions of dollars in up-front capital to get started. You don’t need any special skill or talent. All you need is a desire to succeed and an understanding of the steps you must take to accomplish your goal.
  • Tax facts and strategies every self-employed person needs to know As a self-employed person you have to handle many, if not all, of the aspects of running your business. J.K. Lasser's Guide to Self-Employment is intended to help you with some business aspects with which you may not be familiar—but which have a great impact on your bottom line. It skillfully focuses on taxes as well as many legal and financial matters that may pertain to your business.3
  • Eliminate confusion, maximize deductions, reduce payments, and conquer your small business taxes with ease In J.K. Lasser's Small Business Taxes 2016, the most trusted name in tax guidance helps small business owners maximize their bottom line. Fully updated for 2015 tax returns and 2016 tax planning, this detailed guide provides concise, plain-English explanations of tax laws tailored to business owners who are experts in their field—not in taxes.
  • Smooth Failing - Living Edition

    This is the Living Edition of Smooth Failing. New stories from business leaders on their business failures and the lessons learned will be added regularly at no additional cost. Alerts will be sent out automatically when each new version is available. Specific requests and challenges can be submitted by the reader for future consideration and these will dictate how often and how many additional stories will be made available.
  • The must-have guide to tax write-offs, with clear advice from a trusted expert J.K. Lasser's 1001 Deductions and Tax Breaks 2016 answers the most common tax question—"what can I deduct?" Updated and expanded for 2015 tax filing and 2016 tax planning, this straightforward guide uses plain English to explain the many available deductions and credits, allowing you to quickly recognize ways to reduce what you owe and maximize your returns.


  • " Thank You, Barbara!
    "Thank you, Barbara Weltman, for all of your articles and tax advice to small business owners! All the best." ”

    -Shane Madigan

  • " Thanks for providing such useful information!
    I follow your blog religiously for the great tips you provide. I love the new look. It makes me smile to see that your blog got an update.  Thanks for providing such useful information. ”

    -Lee Drozak

  • " Barbara Weltman has been an advocate,
    public speaker, and resource for small business news since the release of her first book, J.K. Lasser’s Tax Deductions for Small Business, in 1995. Since then she has run her website, her Big Ideas for Small Business® newsletter, and her blog, not to mention written over a dozen books. Ms. Weltman is on this list twice because for many business owners, it is easier to scroll through her Twitter feed for trending topics and news events than search her website. However, if you don’t take a minute to read her newsletters or blog — you’re missing out. newsletters or blog. ”

    -Meredith Wood, Fundera Ledger

  • " Great segment!!!
    Barbara Weltman is one smart cookie - I follow her on Twitter, and her content is always interesting and informative. ”

    -An eBay Radio listener - purplejaime1976

  • " Absolutely love your Idea of the Day®
    it’s BRIEF, concise and timely. Funny, I do a quick scan of my bloated mail box, quickly deleting what I feel is a time waster. But I NEVER delete Idea of the Day® until I've first opened it. Both you and Napoleon Hill's Thought for the day ALWAYS get read. You’re in terrific company. Thanks. ”

    -Don Aronowitz



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