Small business optimism falls again
What has small business owners so scared?
- Duration 4:16
- Date Aug 14, 2012
What has small business owners so scared?
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-- got small business owners are seeing little reason to smile these days there's an index that tracks small business optimism that a delta the second month in a row.
Down to levels we haven't seen since the recession.
Looking ahead more owners think the business conditions are gonna get worse not better.
That is no surprise to my next guests has been on -- Like Preston on all these developments because she's been whining about them for years a million -- a -- is a small business on its romance.
And now it's -- -- But it does not whining I'm not just so -- now.
This survey confirms what you've been -- -- and you know what we are right in the middle right now we're closing her third quarter.
We are prepping for the first quarter -- -- this next year and we're finding that it is impossible.
Not that it's not likely it's in -- let some -- So we are now making and obamacare and finding out that what those costs are going to be to our bottom line we -- not fit in amount -- -- not we don't want to it's impossible it's completely upside down.
We're taking a look at now people who -- goods actual goods and transporting.
What's happening in the trucking industry now -- If I'm trying to -- goods from the West Coast into my idea Steve and guess what I'm -- -- EST it's a big distribution center sixteen to eighteen weeks out.
All the small truckers are at a business why because they can't make a margin and they can't do the rules and regulations and the EPA -- think we are losing our foot hole every single quarter.
Now I must turn in a budget for my first quarter I must turn in.
Guess what my margins -- -- prepare my returns are not there I have no first stage -- -- you go to I can't go to the bank how illegally to finance the first quarter how how we gonna do it.
I can't -- -- on credit card says that the creative financing again early on.
Figured it Steve Jobs and Michael don't listeners who started businesses.
In the midst of horrific recessions that's -- -- me thinks you just whining and and and a little too soft.
No and I had no problem starting a minute but in the middle of recession but I still -- to be able proof proof of concept.
And long -- but you mentioned that.
Health -- thing a million -- kidding him before their cause and -- -- -- it.
It's the easiest thing did that business owners of crunch that -- That they're -- all right the better part of valor here is to jump whatever health care -- often.
And and take the penalty.
For not providing it was just you know fifty -- -- workers.
Because that's the reality -- and that's what they're quite so.
Absolutely makes total sense that you have more than fifty employees creatively you know longer dips go down a 49 -- -- aptly greatness -- they are forcibly keeping that count below the Mets would absolutely absolutely.
Divided into two companies do not have more than fifty employees it does not make -- and one thinking boyz the second -- okay great -- take the penalty.
Now one giving control over my biggest asset which is my team.
My employees are my biggest asset you think I'm gonna trust and governor.
To take care -- no.
I don't mean to be healthy I need -- to -- at -- I need to -- the top of their -- nobody knows that better than I do I love -- team.
Now I can't provide my best -- to them which benefit because -- can't afford to.
-- -- -- -- -- -- Good when I let me -- a bigger paycheck but my -- more food is more gas is more electricity is more benefit -- you Boise.
Come back to regulations.
And -- -- regulations don't even makes you feel that's the -- and they don't make sense if you every obamacare -- say you can only offer one -- and -- entire -- What I have.
Full time employees with a sour -- and then I have part time offer the same plan to both people that doesn't make any sense what about my virtual office people why would they get the same plan that some heated denial that there.
-- distinctions for part time.
In temporary workers -- and now it you know they're saying you if you -- -- offer more than one planned as a penalty for that and if you give one more person something better than this person we also the equal.
We're not all equal in a company some people work part time because that's the way they want -- some people wanna be in her husband's health plan or otherwise health plan so people don't that's the option -- police -- why are you taking away from me.
Why take away -- customization for my team and I know the better than anybody else want.
These -- Okay I'm upset but -- -- right on the -- eighteen he's a number of ice with small business.
-- ten big honor 500 I don't ever want to -- uncommitted.
I will not argue and -- and -- thank you very very much.
Did he died both.