Tag Archive: Small Business


Small Businesses Get A Debilitating Dose Of Reality As Health Insurers Unveil Their Rates For 2015

 

 

 Click The Pic For Interactive Map

 

 

 

” Although the Obama administration has yet to release the federal healthcare premiums for 2015, some private insurers have.

  One of them in Minnesota has indicated that they will be showing increases of up to 60% for their ACA-compliant policies. Preferred One, the largest and lowest-cost provider of health insurance in the state, pulled out of the state’s MNsure exchange last month due to its being “unsustainable.” “

 

 

 

 

 

 

” Furthermore, a study was also just released that surveyed 2,600 businesses around the state, finding that 74% said prices of healthcare insurance increased after the law went into effect and that most of these increases were over 10%.”

 

Rightwing News has more

 

 

 

 

 

Minimum Wage Strike Backfires, Employer Closes

 

 

” Protesters from coast to coast have engaged in recent efforts to artificially raise the minimum wage to unsustainable levels. If successful, these shortsighted strikers will ensure massive layoffs and a sharp spike in retail prices to absorb the increased operating expense.

  Sometimes, however, the strikes themselves can lead to similar unintended consequences. Such was the case with Snarf’s Sub Shop in Chicago, which was the site of a minimum wage rally earlier this month.

  After four straight days of dormancy due to the strike outside, the sandwich shop apparently had great difficulty recovering. Though the store’s management denies any correlation, the business’ 20 employees received an electronic pink slip just two days before Christmas.”

 

 

 

 

 

 

 

 

 

Conservative Lawmakers, Activists Push Back Against Online Sales Tax

 

 

” A group of conservative congressmen is clamoring to bolster the Republican Party’s anti-tax brand as GOP governors break ranks in support of expanded online sales taxes.

At issue is legislation called the Marketplace Fairness Act, which passed the Senate by a wide margin in May. Earlier this month, House Judiciary Committee Chairman Bob Goodlatte appeared to predict it wouldn’t pass the House in its current form, though he later clarified in a statement that he was “open to considering legislation concerning this topic.”

Kentucky Republican Sen. Rand Paul and Texas Republican Sen. Ted Cruz joined House conservatives and anti-tax activist Grover Norquist in criticizing the bill Tuesday. Cruz called the Senate vote on the Marketplace Fairness Act “Washington at its worst.” “

 

 

 

 

Illustration by Nate Beeler

 

 

 

 

 

 

America Falls Behind In Creating Rich Entrepreneurs

 

 

” The creation myth of American wealth is almost always rooted in the entrepreneur.

It’s the two kids who start a computer company in their garage or dorm room. Or the former standup comic who creates form-shaping undergarments, or the South African immigrant who creates a new electric car and private space program.

But despite the high-profile examples, America may actually be falling behind the rest of the world when it comes to creating entrepreneurial wealth. A new study from Barclays, “Origins and Legacy: the Changing Order of Wealth Creation,” finds developing countries now lead the U.S. when comes to wealth creation by entrepreneurs.

So is America losing its entrepreneurial mojo? There is some evidence that entrepreneurial activity is flagging. The latest data from the Kauffman Foundation found that there were 514,000 new business owners a month in 2012, down from 543,000 in 2011. The 2012 numbers marked the lowest in five years.”

 

 

Another one for the Obama record books … killing the entrepreneurial spirit … all is proceeding as Alinsky planned .

 

 

 

 

 

 

 

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There Is No Magic Formula. But That Doesn’t Mean There’s No Formula At All.

 

 

 

 

” At the heart of any successful business is a great idea. Some seem so simple we wonder why nobody thought of them before. Others are so revolutionary we wonder how anybody could’ve thought of them at all.

But those great ideas don’t come on command. And that leaves lots of would-be entrepreneurs asking the same question: How did everybody else get inspiration to strike—and how can we work the same magic?

To find out, we turned to the experts—investors, advisers and professors who have seen and heard countless success stories, as well as entrepreneurs who have written success stories of their own. They saw inspiration coming from all sorts of sources—everyday puzzles, driving passions and the subconscious mind.

Here’s what they had to say.”

 

 

 

 

 

 

 

 

U.S. Chamber of Commerce

 

Obama's Regulatory Nightmare

 

 

“A business-backed group chaired by former Democratic Sen. Blanche Lincoln is decrying what it terms “a regulatory tidal wave” under the Obama administration.

The Small Businesses for Sensible Regulations Coalition issued this infographic, meant to illustrate the increasing number of notices, proposed rules and final rules published each day in the Federal Register.

“About 2,000 new or proposed regulations are entered into the federal register each month –a rate that the business community cannot keep up with,” according to the group.”

Democratic Business Owners In MN: Sheesh, These Taxes Sure Do Look Troublesome

 

 

 

” As its neighbors look to cut and simplify tax systems to attract businesses to their states, Minnesota’s Gov. Mark Dayton has a different idea:

For generations, Minnesotans lived out the progressive argument that high taxes and high services were what gave the state its fabled quality of life. But the patience of business owners is being tried more than ever, as Dayton and the Democrats who now control the Capitol mull a menu of tax increases that would primarily hit company ledgers — just as most states are going the opposite way.

Dayton has proposed tax changes he says would make the system fairer and also bring in $2 billion in new revenue. Much of the gain would come from a state sales tax on “business-to-business” purchases like legal, accounting, banking and printing costs. Few states tax such services. He would also boost Minnesota’s personal income tax rates from eighth to fourth highest in the nation, behind only Hawaii, California and Oregon.

There are some business owners, even lifelong Democrats, who are feeling the pinch and wondering if it’s worth it:”

What Is the Future of Conservatism?

 

 

 

 

” Lost in all the post-election analysis was a much larger and more cynically brilliant Obama us-and-them campaign that created the image of a shrinking, geriatric white male plutocratic establishment forced to give way to the new age of the diverse “other.” Affluent Asians, blacks, Latinos, gays, women, etc., supposedly had beef with Republicans and were brilliantly united by Obama in vague resentment against “them.”

In this regard, Republicans have to focus on a more populist approach that ensures their message of smaller government, lower taxes, a strong defense, and more freedom appeals to those on the receiving end of government largesse. Free-market conservatives do best when they appear naturally as part of the working or small-business class and can’t be caricatured as elevator-owning grandees–and when they mix it up and take their licks in trying to appeal to those who probably won’t vote for them. ”

 

 

 

Was this Business Owner Targeted by the Government Because His Property was Free and Clear?

HT/AgainstCronyCapitalism

 

 

 

Michigan Locals Raise Funds For ‘hot dog guy’ After Union Protesters Destroy His Supplies

 

 

 

” Clinton Tarver has been serving hot dogs to hungry locals in downtown Lansing, Mich., for the last five years, but a brush this week with a pro-union protest literally upended his small business in a matter of minutes.

During a protest against right-to-work legislation in Michigan’s capital, Tarver’s catering supplies were destroyed when demonstrators tore down the tent where he was serving and trampled his gear.

“Everyone that had a ticket I had given a hot dog to,” the 63-year-old owner of Clint’s Hot Dog Cart and Casual Catering told FoxNews.com. “So when two guys, one with a mask, came to get their hot dogs, I didn’t think anything of it because they had tickets and I was just there for a job.”

He described the action that ensued as “violent.” Only minutes after he’d handed the two men their hot dogs, the pair tore down the tent, turned over his serving tables, smashed his hot dogs, tossed a cooler filled with sodas and spilled his chili.

“I kept explaining that I was just here to do a job, that I wasn’t on anybody’s side, but when people started calling me racial slurs, my friend who works at the Capitol told me I had to get out of there, so I crawled out,” said Tarver, who is black.”

Video: Small Business America Gets Crushed By Tax Hikes

 

 

” While Obama and the Democrats attempt to make the argument that the ‘rich’ deserve to pay more in taxes, their argument has plenty of holes in it. Sure, they want the rich – the people that actually have more money in this economy – to pay more taxes to help the country get out of debt, and most people agree that the rich should pay more. But what they don’t see is that the same tax increases on those rich also affect small businesses. “

 

 

Illustration By Eric Allie

Weapon Outfitters

 

 

 ” Weapon Outfitters, despite what you may have heard, is not a magical warehouse stuffed with amazing goodies staffed by hot girls (not that there’d be anything wrong with that). Weapon Outfitters is a true small business worthy of Small Business Saturday (and perhaps more appropriately Cyber Monday) mention in that it’s largely a one-man business (with the help of a part-time employee) by someone working diligently to take it big time. They are also assisted by an accountant who comes in once a week. The man behind Weapon Outfitters is named Roy (we’ll tell you more about him eventually).

“Despite our size, Weapon Outfitters tried to offer only premium market segment components and quality commodity level components,” Weapon Outfitters Roy says. “LPKs, bolts, receivers, etc…we…survive mostly [so far] on the good will of the community and good contacts.” “

To The Over The Fiscal Cliff

 

 

 ” Lawmakers kicked off negotiations over the so-called fiscal cliff at the White House on Friday with both sides expressing optimism that a deal could be reached before the end of the year.

Republicans in Congress say they understand their political leverage is diminished after the election and are largely resigned to a compromise that would force wealthy families and small businesses to pay more in taxes.

However, GOP leaders have insisted that any new revenue come from closing tax loopholes and other special interest deductions for the wealthy as opposed to raising tax rates which they said would undermine economic growth. “

From Human Events

” President Obama loves to complain that he inherited an economic mess. That may be true, but his wrong-headed policies have only made matters worse, taking actions that hurt businesses and stunt job growth.

1. Obamacare costs

Obamacare will impose a new cost on many small businesses that currently do not provide health insurance for their employees and will pressure many to shift workers to part-time status to get below the measure’s “50-worker” loophole. It also means all companies will have to re-evaluate their health care coverage and make changes to come into compliance with federal guidelines or pay fines of up to $3,000 per worker. The Congressional Budget Office says the bill will lead to 800,000 fewer jobs by 2020.

2. Small business tax hikes

The expiration of the Bush tax cuts for individuals making over $200,000, or families making $250,000, will hit many small business owners, an increase that will hit as those same owners are still trying to dig out of the recession. Considering that small businesses are the main creator of jobs in the nation, every dollar taken from them in tax hikes is that many fewer dollars available for expanding employment.”

These Hands

Mr. President , We Built This

“Which candidate is preferred by small business? Survey says…”

  “If there’s one thing that Barack Obama and Mitt Romney can most certainly agree upon, it’s that small businesses are a fundamental building block of our nation’s economy. As both candidates are constantly intoning, the vast
majority of businesses in the United States are businesses with fewer than 500 workers, and
these are the major drivers of our economy — creating jobs, creating wealth, and leading the way in innovation and entrepreneurship. Both candidates, however, also claim to possess the proper prescriptions for helping small businesses to succeed and grow; so, according to the people actually running these businesses, who’s
policies would actually help them out the most? WaPo reports: “

….Doing Fine

Breitbart 

  “Tell that to small business owners; a new survey by Citigroup shows that 23% of small business owners have gone more than a year without pay. The study also says that 54% of them have gone without at least one paycheck; 38% of them said their employees had worked overtime without being compensated; and 18% of them had been unable to make a paycheck for their employees at least once.”

                                                                         Hope & Change

From the comments : “Hiring someone to do work for your company,that you can easily fire if they don’t perform or
work slows is one thing. Adopting an employee as if he was your child is something else entirely.”

Be sure and read them all .