Business owners have a number of aspects to take into account as far as growth is concerned, loans being one such example. Loans have not exactly been easy to obtain, though, and I feel as though restrictions have been partially responsible for this. Even though companies across the board have been hesitant to interact with the Small Business Administration as of late, the hiring of a new administrator might shift matters in a more positive direction. Is it possible that this shift could lead to CFO services being even stronger?
According to an article on the Republic, President Barack Obama recently appointed a new administrator for the Small Business Administration. Obama chose Maria Contreras-Sweet, who has a reputable job history to consider. She previously worked for the California Business, Transportation and Housing Agency in addition to ProAmerica Bank. With these in mind, it goes without saying that Contreras-Sweet has a wealth of experience to consider in terms of finances. However, she is also quite savvy as far as helping small and medium-sized businesses is concerned.
The previous year was a troubling one when considering the interactions of small businesses and the SBA. The goals of the SBA were not met on time and companies were not left in the best of financial shape. It's clear that the business world possesses an element of trust; if goals are put forth and are not being met on time, chances are that individuals will be hesitant to interact with those entities again. Without much room for businesses or job openings, it's easy to see why the SBA has struggled.
As much of a background as Contreras-Sweet has, though, it's apparent that she has her work cut out for her. The Republic detailed that a number of small business owners have lost faith on the federal side of things, seeing as how it has been troubling to try to attain loans. This is a problem, to say the least, and it is one that authorities like CFO Consulting Services should place focus on. That being said, perhaps the element of challenge is one that Contreras-Sweet can tackle, thereby positively impacting CFO services in general.
In my opinion, Contreras-Sweet should not be so much focused on fixing matters right away but rather making them easier. The SBA has a few problems to consider and financial matters, from what I have seen, are not ones that can be solved over the course of a day. They have to be made better on a gradual basis so that companies can put their place back into the SBA. It seems like a reasonable course of action and hopefully progress will occur soon for the sake of small businesses.
According to an article on the Republic, President Barack Obama recently appointed a new administrator for the Small Business Administration. Obama chose Maria Contreras-Sweet, who has a reputable job history to consider. She previously worked for the California Business, Transportation and Housing Agency in addition to ProAmerica Bank. With these in mind, it goes without saying that Contreras-Sweet has a wealth of experience to consider in terms of finances. However, she is also quite savvy as far as helping small and medium-sized businesses is concerned.
The previous year was a troubling one when considering the interactions of small businesses and the SBA. The goals of the SBA were not met on time and companies were not left in the best of financial shape. It's clear that the business world possesses an element of trust; if goals are put forth and are not being met on time, chances are that individuals will be hesitant to interact with those entities again. Without much room for businesses or job openings, it's easy to see why the SBA has struggled.
As much of a background as Contreras-Sweet has, though, it's apparent that she has her work cut out for her. The Republic detailed that a number of small business owners have lost faith on the federal side of things, seeing as how it has been troubling to try to attain loans. This is a problem, to say the least, and it is one that authorities like CFO Consulting Services should place focus on. That being said, perhaps the element of challenge is one that Contreras-Sweet can tackle, thereby positively impacting CFO services in general.
In my opinion, Contreras-Sweet should not be so much focused on fixing matters right away but rather making them easier. The SBA has a few problems to consider and financial matters, from what I have seen, are not ones that can be solved over the course of a day. They have to be made better on a gradual basis so that companies can put their place back into the SBA. It seems like a reasonable course of action and hopefully progress will occur soon for the sake of small businesses.
About the Author:
If you'd care to uncover more regarding CFO services, please go to CFO Consulting Services for details.. This article, CFO Services & Potential Impact Of An SBA Administrator is available for free reprint.
No comments:
Post a Comment