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Senate Passes Economic Stimulus Bill

by Miranda Marquit Leave a Comment

A Senate version of the economic stimulus bill has been passed. This version has some differences to the House version, and those will have to be reconciled. However, the Senate version managed to cost only a little more than the House version, which is pretty good, since at one point the Senate had added added more than $100 billion to the cost of the economic stimulus bill.

It is understood that at some point the economic stimulus bill, which costs in excess of $800 billion, will be passed. It's just a matter of what will be included in the bill. And who ends up voting for it. So far, only three Republicans (that's including both legislative bodies) have voted for a version of the economic stimulus bill. However much the Democrats and — especially — president Barack Obama would like more bipartisan support, the bottom line is that the Dems have enough numbers to pass the bill.

Related articles by Zemanta
  • Senate Passes Stimulus Bill (politicalwire.com)
  • Obama denounces stimulus hold-up (news.bbc.co.uk)
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Home Business Productivity: Have You Tried Single-Tasking?

by Miranda Marquit Leave a Comment

It's a multi-tasking sort of world. So often, we find our attention drawn off in multiple directions as we work on several different tasks at one time. As you might imagine when you really stop to think about it, this is probably not the best method of trying to get things done efficiently. And yet we continue to multi-task.

Enter the concept of single-tasking.

Doing one thing at a time is not really new, but it is starting to make a comeback in some productivity circles. Indeed, Health Money Success points out that you can simplify your day — and increase the speed and quality of your work — if you single-task rather than multi-task.

Instead of doing several things at once, prioritize your necessary tasks for your home business. Then work on them at once. I'm going to start applying the single-tasking method in my daily freelance efforts. Here's my to-do list for most days:

1. Concentrate on email first thing.

2. Go through my reader for news and posts to link to.

3. Write all of my blog posts.

4. Participate in social media (including promoting posts I just wrote).

5. Other writing projects.

Right now, I check my email more than I probably should, and get side-tracked by social media. I think that if I focus my energy better, I am more likely to work efficiently, getting more done — and doing work of higher quality.

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Friday Fun Video: Bad Credit? Crappy Car…

by Miranda Marquit Leave a Comment

In honor of the fact that we bought a car yesterday, I am sharing this commercial from freecreditreport.com. I would like you to keep in mind that in order to get your "free" report, you have to sign up for a credit monitoring service. Instead, try annualcreditreport.com and creditkarma.com (for a free credit score).

Happy Friday!

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Economic Stimulus News: $15,000 Homebuyer Tax Credit

by Miranda Marquit Leave a Comment

The Big News today with regard to the economic stimulus bill is that the Senate is now adding in a $15,000 homebuyer tax credit. This tax credit is different from the former credit (which was only $7,500) in that it offers these features:

* Any homebuyer can use it, not just first-time homebuyers.

* It can be used for any new or existing home bought in 2008 or 2009.

* The tax credit will be distributed over two years ($7,500 each year).

The hope is that such a generous tax credit will encourage people to buy homes. When couple with the 4% mortgage rate, it appears that many homebuyers might end up with screaming deals.

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Home Business: Protect Your Brand with a Trademark

by Miranda Marquit Leave a Comment

197px-Red_trademark.svg
If your home business incorporates a particular brand — even if it is you — and you want to control that brand and your image, a trademark can be a valuable tool. The trademark basically says that you are the only one to have the right to use a particular name brand. Spelling isn't important with a trademark; violation of the trademark comes when customers are confused, thinking that something is yours when it isn't.

You can apply for a trademark at the United States Patent and Trademark Office. The cost is a non-refundable $325 fee. But if you want to be able to protect yourself from other claiming your home business brand — and maybe offering products and services of dubious quality — it might be worth it to trademark your brand.

The Street offers one more piece of advice regarding getting a trademark:

One important thing to know about a trademark is that you should begin using it immediately, prior to the formal application process.
And keep detailed records regarding the date the mark is first used in
commerce; this is of critical importance when filing the trademark
application
paperwork.
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Freelancing Enjoying Job Growth — Even in This Economy

by Miranda Marquit Leave a Comment

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I have been a little worried about the economy might affect some of my clients (and me). However, I saw this article from oDesk today, pointing out that freelancing is actually enjoying phenomenal growth. The article is mostly about freelance software developers, but it also applies to other types of freelancing. And I'll admit that it has given me some peace of mind. Here is what oDesk points out about freelancing:

Work done in the U.S. grew at a rate of 367% from 2007 to 2008 …

This growth was faster relative to other countries known for outsourcing, like India and Russia.

This made me think about why freelancing jobs might be doing reasonably well in this economy. Here is what I came up with:

* In some cases, freelancers charge a lower hourly rate.

* No overhead for office space, supplies and utilities.

* Do not have to provide benefits or retirement plans.

For companies cutting costs, those who work at home as freelancers can help cut costs in this challenging economy.

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Freelancing: Should You Take Projects “On Spec”?

by Miranda Marquit Leave a Comment

One of the interesting debates in the world of freelance (whether it is writing, graphics or some other work that involves you getting paid per-project for what you do) is the merit of taking projects "on spec". Over at Freelance Parent on Sparkplugging, there is a great post on some of the ways that clients may try to get you to basically do a project for free. It is reviewed, and then if you "pass", you could get more work (and pay). But it doesn't stop there, in some cases, reports Freelance Parent:

There are even nastier folks out there, too. Some of them will take a
big project and break it up. If they have ten or twelve freelancers
doing parts of it “on spec,” then they can actually get the entire
project done for free. Others take your work and then have someone
really, really cheap change it just enough so that they’re not
technically using your work and don’t have to pay you.

Obviously you want to try to avoid these latter folks. (But how do you identify them?) Some freelancers prefer to avoid spec work altogether. And this understandable. After all, what happens when you spend a great deal of time and effort only to be told that someone else got the job?

I avoid this to a certain degree by letting clients who want work on spec know that if they don't accept my article, it's still mine. That way I can submit it elsewhere — for pay. If the client won't agree to this, then I don't do the work.

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Friday Fun Video: A Little TARP Action

by Miranda Marquit Leave a Comment

The TARP song was brought to my attention by Subprime Blogger. This is great. Giving away money for free. Now, if only I could get my hands on some free money.

Happy Friday!

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Economic Stimulus Bill Includes Tax Cuts for Small Business

by Miranda Marquit Leave a Comment

Among the many measures included in yesterday's economic stimulus bill is a provision for tax cuts for small business. Unfortunately, only $20 billion is for businesses, and not all of it will go to small business. The economic stimulus bill is a great deal of spending — spending that is not likely to be particularly effective.

Really, the government should be taken a bottom-up approach to this whole economic stimulus. Instead of constantly employing "trickle down" principles, there should be a focus on helping the folks at the bottom. Trickle down hasn't been working for nearly 30 years. It's time to help small business and individuals first.

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Starting a Home Business: Looking for Funding

by Miranda Marquit Leave a Comment

If you are starting a home business, chances are that you will need some source of funding. While there are some business ideas that you can start for practically nothing (I'm a writer — that doesn't cost much to start), other home business ideas — or other small business ideas — cost a bit more. If you plan to open a daycare, some sort of school, have a boutique, create and sell inventory or open some other types of business, you will need a business plan and some start up funding.

But, right now, times are a bit tough. The economy hasn't been doing so well, and funding for small and home businesses is scarce. Even so, there are still places you can turn. Dave at My Two Dollars has some ideas of where you can go to look for home business start up funding:

1. Small Business Administration loans: You can get a loan through the SBA. But you have to have a plan to present, and show you've done your research. Also, it might be a good idea to seek funding through a solvent local bank or credit union, rather than trying the big guys.

2. Family and friends: You can collect donations or get loans from family and friends. If you do get loans from relatives and associates, though, make sure you put together a loan document. Even if no interest is charged, it is important that you have a binding contract with repayment terms.

3. P2P lending: In this economy, peer-to-peer (P2P) lending is becoming more popular. You can go to one of the many P2P lending sites to apply for loans that you may not be able to get from a bank.

The money is out there, but you have to go get it — and you need to have a viable business plan in order to secure your home business funding.

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