I started a business last year. Start up of $1,000. Since then I have put another $2,750, but I did make $1,200, so that is a net of $2,550 I have put into it so far.
$1544 was spent on expanding the business. So effectively in running the business I have lost $6. But that includes all the extra stuff I bought to help me run the business that I no longer need to purchase. (Some of which I may not have needed as much as I wanted for the business.) If I ran my business as is without any more expansion I would probably be netting about $100 a month.
Yes that isn’t much , yet. But it is just a start, and you have to admit that this is an excellent ROI. A full third of the money that went into the business came from the business, and most of future expansion will come from reinvesting the profits.
I am trying to decide if I want to take over a similar business for another person, but that would require me to take on some debt, and start thinking of the possibilities of a part time employee. And I am not sure if I want to deal with all the government BS involved, and I am sure if I buy it, I would want an employee eventually.
Too many people think you can’t start a business without tens of thousands of dollars. Yet I know a couple of people who started businesses with just a mower or two, and they are making decent money.
On the subject of reducing unemployment, many people are under the false impression that WWII ended the Great Depression. But the government realized after the war they didn’t have the jobs for all the people coming back, and the idea was to cut taxes. And it worked.
Oh yeah, if you search online you will find a lot of propaganda that says the opposite. But that is all it is, propaganda.
A research paper found that FDR’s programs actually increased the Great Depression by 7 years. And anyone who lived through the high tax 70’s, and Reagan’s lower tax 80’s can’t argue the results. Well, they still try.
And again in the 90’s, when Clinton increased taxes, and the economy that was in recovery slowed until the Republicans took over Congress, and enacted changes that resulted in the “surpluses” Clinton took credit for.
After the 911 attacks we were headed in a very bad direction, but the economic tax cuts enacted after that did stop the fall. (Didn’t stop the complaining though.)
Now we have an economic problem, and business is trying to position themselves for tax increases. And that means avoid hiring people, and not making any long term investments or business deals that may be derailed by future tax increases.
The VAT is being blamed (for good reason) for causing an economic downturn in Japan. Does that make this a good time to introduce it to America?
Tax cuts would have saved this economy, and at barely the cost of the TARP bullshit. In fact the results of a recovered economy would have resulted in more money coming in to the government then there is now.
