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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.
Don't blame government for your poor business practice!
The sad part is that people like the OP are so tied to the purse strings of the Republicans (like welfare recipients with their checks) that they can not fathom the possibility of succeeding without their own Republican financed corporate welfare.
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
Still no answer to what this business is.
It is plain that I drill waters wells but, I thought I would post it just for the question to be fair.
Don't blame government for your poor business practice!
Re-read the OP. There will be NO business practice until a more favorable business climate is in place. That will not take place until Barack Obama is out of office. He's had 2+ years to prove his business acumen, and all he's done is decimate business confidence.
The sad part is that people like the OP are so tied to the purse strings of the Republicans (like welfare recipients with their checks) that they can not fathom the possibility of succeeding without their own Republican financed corporate welfare.
If Barack Obama was not the antithesis to business and job creation, then i'd gladly jump right in with my plans. The fact of the matter is that you don't want to admit that the man you voted for is a detriment to our business climate. This is not just my assessment...this is a widely regarded understanding in the small business world. Read up.
It is plain that I drill waters wells but, I thought I would post it just for the question to be fair.
I have a consulting business and a wholesale (plus direct sale) business. I also work a full time job while working on a Master's degree. After earning my Master's degree, I will open another business.
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