Tag: small business idea

Ombudsman ‘disappointed’ with SME procurement report response

Bruce Billson. Source: SmallBizWeekSmall business and government are both getting a raw deal on procurement because of systematic risk aversion, according to a new report. The final report from Australian Small Business and Family Enterprise Ombudsman Bruce Billson’s inquiry into the effectiveness of commonwealth procurement rules for small businesses has found small business owners think applying for government work is more trouble than it’s worth. Billson said Commonwealth procurement has increasingly favored large and existing suppliers since 2014. He said small businesses didn’t have the resources to compete with large, established suppliers on government tenders. “Seasoned small business suppliers…

Supreme Court Ruling on CFPB Funding Structure Disappoints Small Businesses

by Taufan

CFPB v. CFSA is concerned whether the CFPB violates the Appropriations Clause WASHINGTON, DC (May 16, 2024) – Small businesses are disappointed by today’s US Supreme Court decision in Consumer Financial Protection Bureau v. Community Financial Services Association of America, Limited. The Court ruled that the funding mechanism for the Consumer Financial Protection Bureau (CFPB) complies with the Constitution’s Appropriations Clause. “Small businesses will feel the negative impact of this decision,” said Beth Milito, Executive Director of NFIB’s Small Business Legal Center. “We are disappointed with the Court’s ruling, which will ultimately leave small businesses with expensive penalties and burdensome…

10 takeaways from Amazon’s 2023 Small Business Empowerment Report

by Taufan

Twenty-four years ago, Amazon welcomed independent sellers to sell in our store, providing them access to a global customer base, reaching hundreds of millions of customers worldwide, and unlocking a wide selection of products for customers delivered with unprecedented shipping speeds. Our mission since Day One has been to enable the long-term success of our selling partners—from small to large businesses—by providing the most trusted shopping and selling experience and by providing powerful solutions to accelerate our selling partners’ growth. Today, more than 60% of sales in Amazon’s stores come from independent sellers—most of which are small and medium-sized businesses.…