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Billionaire entrepreneur Jack Dorsey was the star attraction at a national small business week event and Washington.
He co founded Twitter and is now rocking the payments business with his latest start up square which allows merchants to process credit card payments with a little square reader attached to an iPhone or iPad.
It's on track to process fifteen billion dollars in payments this year according to one research firm.
It gets about 3% on each transaction.
Small businesses are big square customers and many use Twitter as a marketing tool here was his advice -- other -- brewers at the event.
The biggest thing that I I've found is how important minister to really pay attention to the team in the organization design and engineer of the organization.
As much as we -- the product because if you have two entities for instance if you.
One person who can't get along with us on a personal business.
You know manifests from the product and service from credit and people see your customers' -- -- -- joined Karen mills the administrator of the Small Business Administration at the event.
She said the agency is seeing more small business loan demand.
We -- seeing more and more demand because small businesses are starting to get momentum in this economy.
And what we need to do is make sure that they continue.
To have the tools that they need.
The Obama administration has proposed waiving fees on SBA loans under a 150000.
Dollars in its largest lending program.
That's it for this edition of the small business report I'm Peter Barnes Fox Business Network.
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