The Destruction of Small Business in America
Part of channel(s): Yoursay (promoted)This is my rant concerning small business in America. As a small business owner I have seen a rapid decline since the Obama Administration took office.
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Added: Sep-4-2012 Occurred On: Sep-4-2012
By: Ms_X
In: Your Say
Tags: Small Business, Obama
Marked as: approved
Views: 1368 | Comments: 85 | Votes: 6 | Favorites: 2 | Shared: 1 | Updates: 0 | Times used in channels: 2
By: Ms_X
In: Your Say
Tags: Small Business, Obama
Marked as: approved
Views: 1368 | Comments: 85 | Votes: 6 | Favorites: 2 | Shared: 1 | Updates: 0 | Times used in channels: 2
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You Hit the Nail on the head!, You said some of the same things i have said recently. I own and operate a glass block company and i am busy and were paying our bills but once taxes come around i get cleaned out. left holding an empty bag. I cant hire more people with all the taxes and regulations. Banks are tighter than two coats of paint when it comes to loaning money. I have said for a long time that there need to be a new classification of Small Biz Called Micro biz and we should have some fl More..
Posted Sep-4-2012 ByBIGLOUBRUNO (1936.70) 
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@BIGLOUBRUNO Whats your plan? It is time to organize as small business owners. I am thinking about extending credit to customers so they can afford larger projects and just pay over time. Some income is better than none.
Posted Sep-8-2012 ByMs_X (35.50) Ms_X View Channel Send Message
(1)
My business has grown leaps and bounds the last 4 years. Although that is coincidence. I would love to chalk it up to Obama strictly for the "we built that" lie you follow. I would also like to blame it on Bush. But I can't.
The economy went south and effected us about 5 years ago. That is just how it is and blaming anyone for it is the first step to going out of business. I made the decision to never let an elected official dictate my life or business. Sure they can effect it but bl More..
Posted Sep-4-2012 Bycorgnar123 (223.56) 
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@corgnar123 well said
Posted Sep-4-2012 ByBIGLOUBRUNO (1936.70) 
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@corgnar123 I definitely agree with you. I and my business partner work normal jobs to fund our business. I have no life but I am happy doing what I am doing. I was just pointing out that the opportunities for small business have dwindled.
Posted Sep-5-2012 ByMs_X (35.50) Ms_X View Channel Send Message
(2)
@Ms_X Oh indeed they have. And I like your passion! I think the bank side of things has gone to shit, no doubt. I think what bugs me is seeing some small biz owners I deal with on a regular basis just sitting around blaming the government. I used to do it my self but then took charge and started to innovate and do things the others were not. To Obamas defense, I did get a ton of deductions that helped us. I have also learned that dealing with that stuff on a local level in your community and wit More..
Posted Sep-5-2012 Bycorgnar123 (223.56) 
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@corgnar123 Great points I definitely am starting to think about organizing small business owners. I think it would be great to issue lines of credit to our clients and one another. Or maybe even something similar to an Ithaca hour.
Posted Sep-8-2012 ByMs_X (35.50) Ms_X View Channel Send Message
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The worst part is there is no light at the end of this economic dark hole any time soon.
I never though I'd see the day when it was harder to start a small business than when my dad started his back in the mid 60's.
Btw there are several independent business owners right here on LiveLeak's YS section that can probably attest to the same issues you are facing.
Voted--so glad to see you back!
Posted Sep-4-2012 Bypiruly (689.90) 
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@piruly just in the short time we have been operating the environment has changed and our money devalued. I have been thinking about advertising on here.
Posted Sep-5-2012 ByMs_X (35.50) Ms_X View Channel Send Message
(2)
These loan denials are a primary reason the recovery isn't working. Those bank loans are restricted by federal regulatory rules that were tightened to minimize risk-taking. They have gone too far in the opposite direction, which has shut down the ability of the economy to self-heal. Your case is a perfect example.
Posted Sep-4-2012 Byjoe prole (1635.60) 
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@joe prole Yes the banks are lent money at 0% to one another but they are using the money to prop up themselves and offset their losses. They are also propping themselves up by ceasing customer money. Banking is really rotten.
Posted Sep-4-2012 ByMs_X (35.50) Ms_X View Channel Send Message
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@joe prole
I am glad you said that.
A friend of mine had a real tough time getting a loan for his house. It was people (with the help of the banks) biting more than they could chew. But it is Obama's fault today.
Posted Sep-4-2012 ByRhemis (971.28) 
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@joe prole The feds are also paying interest to the banks based on how much money they have in their vaults. So why would they bother loaning it out?
Posted Sep-4-2012 Bykajidono (686.26) 
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I ditched banks and credit cards three years ago,.all bills paid ? ....Check!
cash in pocket...check!
no checking account?,....check!
small business owner for 35 years....check!
learn how to create right offs ?,...check!
save money in personal hidden safe?,..check!
void bank fees?....check!
can't hire nobody full time because it costs to much ?...check!
get great part time help?..check!
I'm good,...;)
Posted Sep-4-2012 BySharkGuy (1497.30) SharkGuy View Channel Send Message
(6)
@SharkGuy Grats.
Posted Sep-4-2012 Bykajidono (686.26) 
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@kajidono
thanks,I never had to borrow from Banks,.we made our products from raw materials,.and always reinvested in those materials diligently,.
and found our stock growing with profits also,no loans needed,.
she should never have to borrow to pay employees,.only hire what you can afford to pay,.
cheers man
Posted Sep-4-2012 BySharkGuy (1497.30) SharkGuy View Channel Send Message
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@SharkGuy What's a right off?
Posted Sep-4-2012 Bydirwulf (98.00) dirwulf View Channel Send Message
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@SharkGuy
Good one Sharkguy. When I had a few gold cards years ago it was like Christmas everyday lol. Evil bastards :p
Posted Sep-5-2012 Byernie2skidoo (1049.50) 
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@SharkGuy thanks for the tips.
Posted Sep-5-2012 ByMs_X (35.50) Ms_X View Channel Send Message
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@Americanalltheway definitely know bailouts here. If I could just keep the money I make and not have to worry about the IRS biting me at year end I would not need a loan.
Posted Sep-5-2012 ByMs_X (35.50) Ms_X View Channel Send Message
(2)
@Americanalltheway Gross receipts kills me every month. Than the IRS will roll in soon and tax me for just having a small business. Total tripe but I love working for myself.
Posted Sep-8-2012 ByMs_X (35.50) Ms_X View Channel Send Message
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My VHS rental business has dwindled too, damn that Obama!
Posted Sep-4-2012 ByRhemis (971.28) 
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@Rhemis
You gotta diversify and start renting out betamax as well.
Posted Sep-5-2012 Byernie2skidoo (1049.50) 
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@ernie2skidoo HAHAHA:)
Posted Sep-5-2012 ByMs_X (35.50) Ms_X View Channel Send Message
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@Rhemis I think you went under during the Clinton admin.
Posted Sep-5-2012 ByMs_X (35.50) Ms_X View Channel Send Message
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Switch to a credit union. Hell with the banks.
Posted Sep-4-2012 Bykajidono (686.26) 
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@kajidono I wish I could bank with the Amish:)
Posted Sep-5-2012 ByMs_X (35.50) Ms_X View Channel Send Message
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@Ms_X --i had a business that i was building from the ground up--nothing tremendous --just following a dream--and in 2007 everything went south--may i suggest that it is the lawyers who are responsible--they are the ones who write these copious pieces of legislation---small businesses don't have the resources to hire lawyers to navigate these regulations---the big businesses that do--like this arrangement because it keeps competition suppressed--and the lawyers like it because it keeps their cam More..
Posted Sep-7-2012 ByARNOLD-R-LANE (1021.88) 
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@ARNOLD-R-LANE Too true. Lawyers are protecting the powers that be to ensure monopolization and centralization. I was just asked yesterday if I had a lawyer to deal with a client not paying me a timely fashion. I definitely do not have a lawyer so I will just have to play bill collector:) I hope someday you can continue to pursue your dream.
Posted Sep-8-2012 ByMs_X (35.50) Ms_X View Channel Send Message
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Always well prepared and very well spoken in your your says, keep it up ms X cheers!
Posted Sep-4-2012 ByThe Answer (2292.20) 
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@The Answer Couldn't agree more.
Posted Sep-4-2012 Byfotoman4u2 (3402.30) 
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@The Answer Cheers to you too:)
Posted Sep-8-2012 ByMs_X (35.50) Ms_X View Channel Send Message
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This is the second post of yours that I have seen, and I'd like to say...SPOT ON LADY! You are so correct, I to have a small business and I have not better than I was four years ago.
Posted Sep-4-2012 Byfotoman4u2 (3402.30) 
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@fotoman4u2 We started in 2008 so things were on the decline but our mantra is if we can survive this we can survive anything! Making this video makes me recognize that we should all be working together. Time to buy and sell local:)
Posted Sep-8-2012 ByMs_X (35.50) Ms_X View Channel Send Message
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If you are trying to feed at the trough of government waste then yeah, its definitely tougher. But even with the Hub Zone set aside components honored by the former administration the big companies were just gaming that too. They'd slice themselves up into tiny "new companies" when all they really were, were just a piece of the big jelly fish in the first place. You know, OH here comes the government contract, Quick, look small!
That's why you gotta get off that teat because its get More..
Posted Sep-4-2012 Bycobalt187 (291.02) 
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@cobalt187 Well I had to learn the hard way but I always had private business clients too. I just bought into the hype but I am still standing.
Posted Sep-8-2012 ByMs_X (35.50) Ms_X View Channel Send Message
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@zephrry33 Will do:)
Posted Sep-5-2012 ByMs_X (35.50) Ms_X View Channel Send Message
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Great points and views,hope your buisness thrives and grows through these bad times. Keep up the fight..Ms_X. Voted...
Posted Sep-5-2012 ByZANGADO (3025.70) 
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@ZANGADO We are growing at a snails pace but we are still standing. Thanks for the kudos:)
Posted Sep-8-2012 ByMs_X (35.50) Ms_X View Channel Send Message
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Sure there's no money left for you honey, it all went to Solyndra, Acorn and the Arab League... and of course all those magic "social programs" that afford welfare recipients iPhones with unlimited text-ing.
Posted Sep-5-2012 Byernie2skidoo (1049.50) 
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@ernie2skidoo Soon it will be mandated to buy an iPhone and a Volt.
Posted Sep-8-2012 ByMs_X (35.50) Ms_X View Channel Send Message
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Thank you for posting this! You're not the only one that has noticed this, I have also seen this with my family business, it has become harder and harder since this president took over.
Posted Sep-5-2012 Byconservative hispanic (943.20) 
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@conservative hispanic Your welcome! It is abotu time that we small business owners start working together to put Walmart out of business.
Posted Sep-8-2012 ByMs_X (35.50) Ms_X View Channel Send Message
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@Ms_X
"Big box" isn't the problem - that's just an excuse.
My business renovates and leases houses. We buy lots of building materials. I have accounts at "Big box" Home Depot all the way down to a few "Mom and Pop" run hardware stores. Several years ago my small town got its first Home Depot and I wondered how the small hardware stores would survive since their prices are higher. They adapted. And they're thriving. Even still, now that we have TWO Home Depo More..
Posted Sep-9-2012 ByRickBond (6506.50) 
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