“WSJ.com / Political Uncertainty Puts Freeze on Small Businesses”
COMMENT: Planning for the future is something that every successful business owner has to constantly do, be it for weekly issues or larger picture multi-year strategic plans. There are many variables that determine the success or failure of a venture, some within the control of the decision makers at the firm, others outside their immediate influence. Political uncertainty, in a time of increasing government involvement with the economy, is something that small businesses are trying to plan for and may put stress on small businesses in the coming years. According to the Small Business Advocacy (www.sba.gov) “firms with fewer than 20 employees annually spend 45% more per employee than larger firms to comply with federal regulations.” Additional regulations concerning healthcare, taxation and environmental issues could further complicate small business planning.