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Because I don't need private investment! I've already said this a few times.
You also said that Inflation keeps you from doing business. However, the actual inflation rate is not unusual by any means and not higher than in the years pre-Obama.
And you should take your own advice. My businesses are making money. But I am happy for you if you are more comfortable on the sidelines until a man with an (R) behind his name has the presidency
You invested millions into your company? How many people do you employ? In what sector of industry is it?
I can guarantee your answers will not come anywhere close to the risk the OP is willing to take. As a business owner myself, I can say MY answers would not come to close. But I understand his point and agree with him. Even in the restaurant business, we don't necessarily want to open another store b/c we don't know what is going on with Obamacare and if we'll be forced to purchase insurance for all our employees down the road.
So yes, it does have a lot to do with who is in the WH. It also depends on what business you are going into/expanding. I'm glad you're doing well, but your situation is not the same as everyone else's.
Over the last 18 months I have worked diligently on my next business venture, putting blood, sweat, and tears into the business plan. I have identified what I believe is a glaring gap in the market segment into which I seek to operate, and I am confident that I will be successful.
What i'm not confident about is the business climate in this nation. This, of course, is not unique to me, as it as been stated quite clearly since Barack Obama took office that this Administration is a roadblock to business creation, and subsequently the jobs that accommodate business growth.
Here's why I am holding out:
1) I have no confidence in the economic policies of this Administration. I shouldn't have to elaborate on this point, as we all know the disaster that has evolved in the White House over the past 2.5 years. Any President who specifically states that he plans to bankrupt a private industry is not a supporter of business. There's no other conclusion that can be drawn.
2) Capital expenditures are too risky. Why should I purchase and/or expand facilities when the return on investment is far from calculable? Why should I purchase inventory and equipment when expectations for future sales and growth are far from certain?
3) If my competitors are liquidating, thats an indicator that revenues are down and profits are in jeopardy. I don't mind taking risks, but if the writing is on the wall, then I don't intentionally go and bang my head on that wall and expect to come away with a different outcome.
4) Inflation. The weak economy is putting downward pressures on prices while inflation begins to soar. Profit margins are too thin. It's business suicide.
5) Credit. Access to the capital markets is very limited, to say the least. What has this government done to make sure that us business owners have what we need to succeed? Nothing to speak of, which could hinder my ability to expand.
If this Administration had an inkling of business experience, it would know that it needs to get out of the way and let the engine of this economy (small businesses) take over. But instead we have a complete and total Loss of Confidence, which is all it takes to crush business aspiration.
My business plan will stay on the back burner until this President and his anti-business minions are gone for good. I surmise that i'm not the only one with this plan.
Okay, you do that.
No seriously, I want you come back when the Obama Admin is either voted out in 2012 or out by default in 2016 and tell me/us how the new guy is making it all better for you and your business plan. Hopefully you're not disappointed...I'm pulling for you.
Ohhhh, I see what the problem is now. You peddle in toxic sludge and you hate that your industry is being heavily regulated by the EPA, under President Obama, so that you can't continue to pollute the environment (polluting the soil, the water table, wetlands, etc)
Got it. Thank you for shedding light on the real reason for the Obama hatefest
Wow. So drilling a well is now akin to peddling toxic sludge and polluting the environment? Are you kidding?
Wouldn't a good business plan be to set up a fraudulent medicare or "green energy" front business, at least that would've been a good plan in 2009-2010.
Hopefully the "Fast and Furious" will be reported and truly investigated as well.
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