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Online Blueprints for Startups

Work with the existing SBA assets to create simple, easy-to-follow online blueprints for startups, oriented around the business area. In particular, blueprints written and designed by successful entrepreneurs would be valuable. Right now the SBA-type guides are generic (e.g. "write a business plan", "choose a location", etc.), and yet a wealth of business area-specific statistics and guidance lies within the references... more »

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13 votes
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Live-Work Incubators: Babson's ETower Meets the Real World

Bring the concept of Babson's entrepreneurship dorm, ETower, into the real world. Entrepreneurial cities need to allow entrepreneurs to live in incubators. Zoning laws typically only allow artists to live where they work. Launching out of an apartment is not as effective as launching out of an incubator, but it's an added expense. Young entrepreneurs, frequently fresh out of college with flexible living requirements,... more »

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10 votes
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Student loan forgiveness for working in an LMI or HUBZone

Problem: It is difficult for small businesses in LMI (Low and Moderate Income) and HubZone areas to hire recent college graduates. It is difficult for the recent graduates to afford to work for these businesses, particularly given high student loan payments. Solution: Provide loan forgiveness for recent graduates who go to work for a small business in an LMI or HubZone area. Benefit: Reduces loan burden for recent... more »

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12 votes
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SBA Loans are too difficult to obtain.

Reduce the hurdles to obtain an SBA loan. The current process is nearly impossible to navigate and the sponsoring banks don't seem to want to help. You can qualify for a $50k car in an afternoon yet it takes weeks or months to qualify for the same SBA loan. Lack of access to capital kills great ideas every day. Technology fields specifically need to move fast or we end up watching our competition (other countries)... more »

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15 votes
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Innovative Financing & High impact Business Development

Financing, Financing, Financing! Use Business Schools in the US to provide open Business concept competition (Open to non student as well). Heavy focus by state for top entrepreneurial schools. Give top entrepreneurial school in the US the Quaterback position for the entire program. Quaterback would use up to 1-4 Universities per state. The various business schools would be an anchor to encourage success act as clearing... more »

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5 votes
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Reform LLC regulations for start-ups to work across states

Reform partnership and LLC laws to encourage start-ups and collaboration across state lines. With so many new technologies making virtual collaboration so easy, ours, and many other start-ups work from across the country. Yet the forms, fees, and confusion, related to working in multiple states has made it a huge burden for us. We shouldn't have to pay an LLC fee every year to each state we have people in, especially... more »

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12 votes
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Make a one-stop shop for regulations.

What would have really helped me get started is making the federal regulations easier to digest. As a soap maker, I had to bounce all over the web to try to cobble together which regulations apply to me - not only on the federal level, but at the state and local level as well. If there was a site that matched your business to a list of all the regulations that apply, I would be in heaven.

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10 votes
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SBA micro-lending program

Most SBA loans are difficult to obtain and take forever, and VC capital typically ins’t interested in funding anything for under than $5M USD; Angel investors have picked up some of the slack, but if the SBA started a micro-lending program, it could accelerate the growth rate of innovation.

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8 votes
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Reducing the Costs for Access to Legal Services

Entrepreneurs are significantly disadvantaged without access to legal expertise. But such access is constrained by limited start-up financial resources. I've had success working with groups (usually up to 10) of entrepreneurs in a group setting to cover general legal/business issues and then scheduling one-on-one time for specific legal issues. This has the effect of pooling financial resources so it is collectively profitable... more »

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6 votes
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