Today’s roundup starts with an introduction to Fuse Corps, an organization that helps entrepreneurs use their skills to do social good, and includes pieces on the latest bailout details and how the SBA is helping young entrepreneurs.
Are you an entrepreneur who’s committed to public service? If so, you may qualify for a fellowship with Fuse Corps, a San Francisco-based non-profit that is “attempting to tackle the most pressing problems in the U.S. by enlisting entrepreneurial professionals for one-year fellowships with visionary governors, mayors or social entrepreneurs,” writes Springwise. The organization is currently interviewing potentials—don’t miss out!
It’s no secret that the Federal Reserve backed what Bob Ivory, Bradley Keoun and Phil Kuntz of Bloomerg call “the largest bailout in U.S. History.” What does come at a surprise, however, is the amount the Fed gave to banks in loans: a whopping (undisclosed) $13 billion. Officials claim the loans have in most part been repaid, but details suggest taxpayers “paid a price beyond dollars as the secret funding helped preserve a broken status quo and enabled the biggest banks to grow even bigger.” Uh oh.
Your online presence is increasingly important, especially if you’re a small business owner. As Ramon Ray of Smallbiztechnology.com, all SBOs are publishers—if you have a website, that is—and it’s important to provide high quality content to your readers and customers. Not sure where to start? Focus on strategies in these top areas: content, social media and link building.
The SBA is making strides towards helping small business owners—young entrepreneurs in particular. The organization recently announced the 2011 Entrepreneurs Series, and are looking for success stories and feedback from you! The more you share, the more the SBA will know about what they need to do to help get startups off the ground.
It may not be official yet, but investors are starting to take the euro break-up more seriously (thanks to the recent rise in German bond yields). So what exactly will happen if this does occur? “If the break-up occurs because a few peripheral currencies exit the euro, but the ‘single’ currency otherwise remains intact, then those investors who hold their funds within the German financial system could expect to see these ‘euro’ holdings revalued against outside currencies like the dollar,” writes Gavyn Davies of the Financial Times. He explains more scenarios in this diagram.
Read more Small Business Snapshots.