13
2009
Small Business News #2
An article by admin 
Young Entrepreneurs
Inc. released its 30 under 30 list of the top entrepreneurs under the age of the 30. Featured in the list are John Goscha, Jeff Avallon and Morgan Newman who create IdeaPaint, “…a paint that essentially turns any smooth surface into a dry-erase writing surface,” allowing users to brainstorm directly onto walls without the need for a dry-erase board, and wipe it clean when finished.
Also included in the list is a 13-year-old girl who developed Snap Caps, uniquely designed bottle caps that can be worn “…on necklaces, in hairpins, or as bracelets.”
Banks are Urged to Straighten Up
According to Fortune, federal bank “watch dogs” have sent out 29 letters calling for prompt corrective action for the year through August, when last year, they only sent out seven for the same time period. “A prompt corrective action letter comes when regulators determine a bank has become undercapitalized, meaning it doesn’t have a big enough cushion against future losses,” wrote Collin Barr.
Small Business Reading
Top five books in small business and entrepreneurship on Amazon, as of October 13, 2009:
- Getting Things Done: The Art of Stress-Free Productivity by David Allen
- Seven Habits of Highly Effective People, Miniature Edition by Stephen R. Covey
- The Five Dysfunctions of a Team: A Leadership Fable (J-B Lencioni Series)
- Good to Great: Why Some Companies Make the Leap… and Others Don’t by Jim Collins
- The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich by Timothy Ferris
