Doing Business on the Gulf Coast, Post-Spill

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April 21, 2011
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NEWS  THIS WEEK'S TOP STORY Doing Business on the Gulf Coast, Post-Spill Coastal business owners from Texas to Florida are still reeling from the effects of BP's Deepwater Horizon oil spill in the Gulf of Mexico SLIDE SHOW > >

Inside: This Week in SmallBiz One year after BP's Deepwater Horizon oil spill in the Gulf of Mexico, business owners along the coast from Texas to Florida are still reeling. Obstacles to recovery include a lack of transparency in the $20 billion compensation fund and would-be tourists' negative perception of the region, they say. Take a look at at our story, then flip through a slide show with snapshots of 15 small businesses that have struggled. Also on tap: Get news about the repeal of the so-called 1099 tax rule, which was to have taken effect in 2012. Learn about efforts to convince cities to support local businesses. Finally, catch an opinion column on why the IRS should audit small business owners less and offer simpler instructions and more education. Enjoy. --Nick Leiber SEND FEEDBACK  |  E-MAIL A FRIEND  |  GET RSS  |  NEWSLETTERS

MORE SMALLBIZ NEWS Obama Signs Law Eliminating 1099 Rule The repealed provision, under which companies would have had to report more transactions to the IRS, was scheduled to take effect in 2012 SMART ANSWERS Convince Your City to Keep Independent Businesses First determine which strategy you want your city to take. Then approach council members and economic development officials and tout the economic benefits INNOVATOR Fernando Fischmann's Power-Enabling Pools The Crystal Lagoons honcho wants to build pools with advanced water filtration systems that will make power plants safer and cheaper SALES & MARKETING How Michelin, Bayer, and Fiji 'Market for Margin' To increase the perceived value of a product or service, learn from companies that persuade consumers to pay a premium for brands that are similar to cheaper versions   SMALLBIZ SLIDE SHOWS Gulf Coast Small Businesses, Post-Spill Coastal business owners in Texas, Louisiana, Mississippi, Alabama, and Florida are still reeling from the effects of BP's Deepwater Horizon oil spill in the Gulf of Mexico America's Most Promising Startups Meet new companies from across the country that embody the creativity and resilience common among today's entrepreneurs   SMALLBIZ SPECIAL REPORTS Focus On Entrepreneurs, March 2011 From Bloomberg Businessweek, a roundup of news, trends, and ideas for small business owners ENTERPRISE Focus On Entrepreneurs, February 2011 From Bloomberg Businessweek, a roundup of news, trends, and ideas for small business owners ENTERPRISE Focus On Entrepreneurs, January 2011 From Bloomberg Businessweek, a roundup of news, trends, and ideas for small business owners SMALLBIZ  BUSINESS DIRECTORY Need Help? Find experts in your area in: Accounting Advertising and Marketing E-Mail Marketing Legal Services Public Relations Search Engine Marketing Web Design Web Marketing Web Hosting This newsletter is a FREE service provided by BusinessWeek.com. To sign up for other newsletters, cancel delivery, change delivery options or change your e-mail address, please go to our Newsletter Preferences page. If you need other assistance, please contact Customer Service or contact: Wanda Cooper BusinessWeek Customer Rights Communications Data Services 1995 G Avenue Red Oak, IA 51566 Phone: 1-800-635-1200 To learn more about how BusinessWeek.com applies this policy, you can contact our Marketing Department. Copyright 2009-2010 by BLOOMBERG L.P. ALL RIGHTS RESERVED. Terms of Use | Privacy Notice

SMART ANSWERS KAREN E. KLEIN >> Succeeding in Business After Bankruptcy The author of a new study on entrepreneurs finds that those who had declared bankruptcy in the group she analyzed were as large and profitable as those who hadn't SEND YOUR QUESTIONS TO KAREN >   VIEWPOINT SCOTT SHANE >> Fix the Tax Gap: Fewer Audits, Clearer Rules Much of the shortfall is caused by taxpayer error—underreporting business income. Solution: simpler instructions, more education View all articles for Scott Shane   Advertisement Today's Tip Management & HR Employees will compete to achieve a goal, and when they do, that achievement itself should be recognized first, then the person who accomplished it. --Brian Tracy, Chairman and CEO, Brian Tracy International READ MORE > Advertisement