This is an interesting article about why business owners aren’t investing right now. It goes hand in hand with why we aren’t hiring also. The credit problems aren’t helping either. The times are just too uncertain to roll the dice and add more people with some of the proposals out there right now.
If you combine that uncertainty with the complete lack of faith people have in congress and the administration it spells doom and gloom for the next few years. Hell even SNL is mocking the Obama’s ineptitude.
I’ve got my own company in a hold pattern right now and I’m generally known as a risk taker. The potential payoff’s do not outweigh the risks right now for me. We are holding as much cash as possible and trimming expenses despite the business growing. Many of my friends who own a business or run a company are in the same boat. We talk a lot these days.