Hey Mac, let me ask you this.
If the demand for product was growing rapidly, would business men/women that you deal with still claim that they were scared of all the uncertainties in the economy.
Or would they hire employees to meet production needs and just worry about filling orders.
Or would they let orders go unfilled because of all the "uncertainties" that would still exist?
You know my point is that increased sales fixes everything. Always has always will. If companies are selling product and making profit, it is amazing how all these other "issues" go away.
Isn't it? Or has that not been your experience?
It has not been my experience.
In my experience, uncertainty over fees, taxes and regulations will paralyze any business. It was the reason I closed my business. It was the reason the company my daughter in law closed their business. It's the reason why many businesses just leave the country and fill those orders from some other place.
Why didn't you do that? I mean leave the country.
So sales were up and you shut er down becaue of uncertainty? Maybe you shouldn't have been running a business. Or your daughter in law. Cause you got to be dumb to close a growing business and claim it was because you didn't know how to predict the future.
btw, I am not surprised you had to close your business. And I think I know the real reason.
The real reason I didn't move out of the country is that the business I closed was a dog grooming business which is not amenable to moving out of the country. While it was growing and I would ordinarily be at a point to considering opening another shop, my accountant told me that I could not expect to outpace (frankly) obamacare. I could sell the place or watch taxes, permits and fees eat it up. Unfortunately for me, my husband was dying and I could not sell immediately. By the time he passed away, uncertainty over what obama's plans were had paralyzed the entrepreneurs and investors. I couldn't even sell it. I sold the equipment and client list and closed it.
It wasn't my daughter in law's company. It was a company she worked for. Two women had a little internet start up. Like myself, they had a serious conversation with their accountant that said their business, while growing quickly, would not keep pace with obama's taxes or regulations. They could close, or watch the government slowly eat the company until nothing was left. They closed, took what money they were able to salvage. Then they converted it to yuan and put it in an offshore bank to hunker down and wait obama out. The ideas are still there. The money is safe. Like hundreds of other businesses they are waiting for the election. Like my doctor who is on leave until after the election. Then he will decide whether or not to ever return to practice.
I don't think that most people have a true understanding of how badly business has been hurt by obama. Companies that would grow, won't. They refuse. Smaller ones won't hire beyond 49 people knowing that the 50th one means fines. Growing companies have fired or laid off excess employees to get under that 50 employee demarcation line. Bigger companies have gone to part timers.
Look at it this way. You are a growing company. You want to expand into another geographical market. You KNOW that when you open that new branch it will lose money for at least two years while it develops a market share. But, if you open that new branch and hire more people, you will get socked with obamacare fines even while the branch isn't self sufficient. How likely is it that you will open that new store?
The business climate is how to exist in spite of obama. How to work around his insanity. How to keep breathing until he's gone. That's paralysis.
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