MANAGEMENT Robyn Crigger, CEO Compass Career Management Solutions–OI Partners Inc.
Small Businesses: The Heart Of America?
Some Thoughts for Small Businesses in a Struggling Economy
in business, and yet they don’t seem to get the consideration and support needed to help them survive this struggling economy.
Y MORE INFO
OI Partners Inc. – Compass Career Management Solutions
rcrigger@compasscareer.com
www.compasscareer.com (704) 849-2500
Banks and large corporations are surviving as they have deep pockets and multiple venues of support. They can hold out longer when customers scale back their purchasing. Not the case for small businesses, though.
Small Businesses Closing Their Doors
Over the summer more small businesses closed after holding out for 18+ months. It wouldn’t be a
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ou have no doubt heard that small businesses are the biggest segment
surprise to see more close this fall. With unemployment holding steady, if not increasing, few people have money to spend, and where will their money go? Banks and Mortgage companies (for mortgages and rent), utilities (Duke, Piedmont Gas, Water), Gas for cars (Gasoline companies) – all BIG firms. Plus we all HAVE to pay taxes to our government.
Loans mean more debt There was talk about offering small businesses loans, but that would only leave small businesses with more money to pay back later. Small business owners don’t want more debt. When becoming a small owner, one of my biggest surprises was how much we were required to pay on any money earned, and then at the end of the year, we paid taxes on the money we had again. Of course, my question
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