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Watch the Costs in Your Small Business - This Is No Time to Be a Hero
Last year about this time I was listening to a radio station in
Raleigh-Durham North Carolina on the internet. There was a talk
show host who was speaking late that night on his time zone about
the need for small businesses to bite the bullet, and each one hire
a few people. There was a guest on the show that said that the
businesses, millionaires supposedly, should each hire a few people,
and suddenly the recession would end.
Is this true? In theory it might appear to be true, but that is really a socialist demand on the small business community and it disregards the challenges that small businesses face. For instance, smaller businesses are quite over regulated, and have been for the last 50 years. What we need is a red magic marker committee at all levels of government; city, county, state, and federal to go through all the onerous regulations which make no sense. Many of these regulations have been put in place due to lobbyists attempting to put barriers to entry into various industries behalf of larger companies.
Yes, that would make larger companies stronger, and able to hire more workers, but it also kills Main Street. Further, it disrupts the self-correcting capitalist system using crony capitalism techniques. In other words, it's unfair to such entrepreneurs who don't have as large of a voice in Congress. Now then, back to the comment that every small business should go ahead and hire a few workers, well, I'd like to know who's paying for that. What many people don't understand is that small businesses are tapped out, overtaxed, over regulated, and there are new rules to employment law and hiring; ObamaCare for instance.
Now then, it is safe to say that if you own a smaller company, you need to watch your costs and this is no time to try to be a hero, hire more workers in your community, or keep your current employees working if they aren't putting out maximum productivity. Yes, the small business community could go out and hire more people, but if they don't have the income or the sales, it would be almost suicide. We've already asked too much of our small business community, and we've trampled on them, to demand that they hire people now is utterly ridiculous, and totally unfair.
Any such suggestion spits in the face of free-market economics. Nevertheless the commentator on that talk show actually believed that that was the solution for fixing the economy. Indeed, it just shows how out of touch people are when it comes to the small time businesses in our nation. Indeed I hope you will please consider all this and think on it.
