Times are getting rougher in this area. My company does a LOT of business overseas, so we are still doing very well, but the blue collar jobs are taking a beating.
I feel bad when we turn away someone fully qualified for a position, but they wouldn’t want the pay anyways. Most are ex-union and want 25-50% more pay for the same work as people who have never been in a union before.
Since the election, about 75% of my patients have been asking me if I will still be around once Obamacare kicks in over the next few years.
I say that I don’t know, I just soldier on every day, that I am more worried about the economic collapse of the country, that I’ll hang on as long as I can but I am not optimistic.
I either get tears of acknowledgement of how screwed we are or looks of blank astonishment.
At this point, I hand out my little American flag pins (which I tell them to wear upside down indicating a nation in distress) and a little card with all my favorite websites on it, also the names/phones of our CONgresscritters.
Trying to spread my gospel of Embrace The Doom, one person at a time.
Paying attention? Listen up and act accordingly. I closed my own “small business” 3 years ago just to avoid excessive taxes. Fuck ‘em. They’ll keep spending any income they get until they get no more. Then they’ll spend more that the Fed gives them (now happening) until that won’t work anymore (maybe 2013).
Starve the beast. Stop paying taxes. Collect Free Shit from as many sources as you can.
Break the bastards and let’s start over from a lower baseline..
Muck – already putting in plans for option number two. My prediction is for an exodus of small- business owners from their businesses. Despair will over-take them. Get out while the getting is less bad. No way in hell I am going broke just in order to keep my employees employed another year or three. I do not run a business for their benefit, which will come as a shock to them. At least to those that have ever given it a single thought.
I have always been pleased that what I do has provided a social good. Not any longer – I no longer get to share in the good, but only suffer the bad. Screw it.
Timely cartoon Indeed! For the time being I do not have to be concerned with Obama care because I have less than 50 employees but year after year gross revenue continues to deteriorate. If sales go any lower I will have no choice but to become “Arnold’s Rug” as the old yellow pages advertisements used to say. Going back to a one man show would have it’s benefits but I have staff who need jobs, although, I believe most of them think it will be easy to go elsewhere.
Even though it is very stress full, I keep holding on—hoping that I can do a magical turn around but month by month it is getting less likely. Although it is possible, I like to think I am not to blame for everything in my company going to shit—maybe that is why I keep coming back to TBP because I want to feel like I am not responsible for all of this clusterfuck economy we have. [Rant Off- Temporarily] Be Safe FFs.
Hope said, “Since the election, about 75% of my patients have been asking me if I will still be around once Obamacare kicks in over the next few years.”
Let me tell you what I said to my urologist after my last visit, Hope, and she is just as concerned as you are on the impact of Obamacare on her medical practice. I told her that I WILL PAY OUT OF MY POCKET WHATEVER IT COSTS FOR HER TO SEE AND TREAT ME AS A PATIENT PLUS WHATEVER SHE CONSIDERS AS A FAIR PROFIT FOR HER SERVICES. AND I WILL DO IT IN CASH.
She looked at me, smiled, and said thank you. Not every patient will say that, Hope, but I did because I can …… and mean it. I predict that there are hundreds of thousands, if not millions, of people like me who will gladly participate in a black market of payments to our doctors just to keep them solvent and us as their patients because we can afford it.
And here’s to any government fucksticks that may be monitoring this site. Saying that you might break the law through payments under the table is a lot different than actually breaking the law. Have fun in adding me to your watch list.
“SMALL BUSINESS OWNER’S DILEMMA”
—-title of article
Gee, I always thought it was spelled dilemna, with an n and not 2 m’s. I’m sure you will straighten out this incredible spelling controversy in a New York minute.
(Imbedded secret writing comment invisible to Admin. Dilemma with 2 m’s is the accepted form, but dilemna popped up somewhere in the past, and no one can figure out where it came from. Probably another CIA plot. Anyway, let’s all watch Admin struggle with this challenge.)
SSS – unfortunately, that will only be a de facto tax on you, and will be in the end nothing but a transfer payment to those receiving free shit. Your doctor will be able to continue seeing subsidized patients off of your dime. I will only do what you are proposing if the doctor is entirely out of the system, otherwise it will be a tax on me. Obama would be oh so grateful to have us subsidize his system by paying the difference personally.
Re under the table, that transaction has nothing to do with you – entirely up to the receiver to declare or otherwise. You are paying in legal tender so end of story. You did not ask for a receipt – no law broken there.
My employees never saw it coming although the signs were clearly there. They suspected something “was up” but couldn’t work it out for themselves. I would have told them in advance but my exit strategy to get out cleanly and legally required secrecy and they couldn’t be trusted to keep their mouths shut.
Only the luckier business owners are in this position.
For quite a few, it is make it, or not, there is no get out while the getting is good.
And, of course, there are still a number that as long as “this” or “that” does not apply to them, they will do nothing and see nothing and care naught.
I tell those I know that they are next up. Today it is employers over 50, tomorrow, we’ll see. Just like I tell my “successful” teachers and government contractors that they are the “rich” their preferred leaders keep talking about. Only a matter of time.
Fear not CONgress is ready to help us out. The pricks are talking about raising minimum wage again (thus cutting the purchasing power of my employee’s wages and business too), apparently they got word about the thousands of companies that are reducing their employees hours to avoid O’care. Always ready to lend the little guy a hand by giving him a dime and costing him a dollar.
And it isn’t just O’care. It is the dozens and dozens and dozens of new regulations, laws, rules, fines, penalties (now including prison! for failure to file a form! it’s great to be a rich business guy!), costs, that seem to be hitting us daily.
The constant erosion of everything you do is not exactly productive, nor conducive to ideas of growth and riches. More like a constant dark cloud forcing you to find ways to reduce, reuse, recycle, cut back, refuse. My company is being begged to take on a huge production order which eventually will end up in the one of the Big 3. The Big 3 pays like crap, force you to hold massive amounts of specialty inventory and ultimately, force many of their suppliers (my customer) into bankruptcy whom take their suppliers (me) along for the ride.
So, money from sale is iffy, at best and now add to it the prohibitive cost of the Michigan Business Tax, the additional & ever growing costs of increasing employment, the added property tax (and inspectors) that come with adding a machine, not to mention the purchasing (and kick to the cash flow at the highest tax time of year) of six months of pricey stainless, and we passed.
Decisions like that. What is the sense of adding another head when all it means is adding another opportunity for some government agency to be up my ass and take their ever-growing percentage of “profits” with them?
It is just plain fucking disheartening to be an employer in this country. And yet the sheeple believe Washington is creating jobs for them. Good luck with that.
Maybe SB owners should contact Jamie Dimon to get the # to his lobbyist cuz the SB lobby ain’t worth a po’ rat’s ass.
All political vermin are for sale and youse got to pay to continue to play.
And, it’s a simple as that.
Teresa – people forget about cashflow, being left with excess capacity when the order dries up, start up costs, etc. glad you keep an eye on those things. It is hard to walk away from business, but some business is bad, and needs to be left alone. This generally only becomes known the hard way.
This year’s Santa Obama present to small businesses and professionals: 28.7 million hours of paperwork. What might people do (productively) with 28.7 million hours wasted on government red tape and bullshit?
“An article in Cato Institute’s “Regulation” magazine, Fall 2012, shows the cost of the 10 Top Regulations Affecting Small Businesses. These are:
Energy Conservation Standards
Affordable Care Act Menu Labels
Transportation’s Hours of Service Rule
Affordable Care Act Vending Machine Labels
NLRB’s Union Notification Standards
Education’s Gainful Employment Rule
EPA’s Fracking Regulation
Dodd-Frank Regulation Z
Affordable Care Act Physician Fee Schedule
Dodd-Frank Regulation E.
Together these cost small businesses $3.5 billion annually, according to the study. And they add 28.7 million hours of paperwork”
Teresa, I had a long time customer on 30 day terms that took up to 90 days. His answer for me was that he was a long time customer and I should know he was good for the money. It never occurred to him that if all my customers had his attitude I would be totally screwed. Eventually I shocked him when I suddenly took legal action because I wasn’t sure he was going to last much longer. He found the cash rather quickly (borrowed it from his family), paid off his account and took his business elsewhere because I was the asshole. I can’t say I missed him.
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The best way to destroy the capitalist system is to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. — John Maynard Keynes