2009 is just past its midpoint. The long 4th of July weekend allowed me the time to consider the course of action Potts & Company should take over the next six months. Then that sleight feeling of anxiety arrived. The magnitude and impact of the changes our government are attempting to pass into law this year creates a level of uncertainty that hasn’t existed in my lifetime. Well, that last statement isn’t totally true. The government is certain to cause change, change that affects small businesses and their owners. Will the impact of this change be good or bad? I don’t know. (I do believe the government is certain to raise taxes in the near future on everybody and not just the rich).
The government is spending and committing to future spending in the trillions of dollars. The speed at which they are trying to pass new laws is worrisome. Economic stimulus packages, health care reform, educational reform, and environmental regulations are being pushed so fast that I doubt that anybody except lobbyist really now the details. Nobody can reliably predict the impact of of these changes on your finances or your company’s economic future. Inflation? Higher interest rates? Who knows. But change is coming. Get ready.
If you own a business, you have more demands on your time than most people.When was the last time you hid from everybody just to think about your business. Do you have a plan to manage the impact of health care reform on your business? What is the government implements an eight percent payroll tax on wages to finance health care? What impact will new “green” laws and regulation have on the cost of energy?
Creating plan “A” may not be enough. You may need a plan “B” and “C” too. Do yourself a favor. Find a quiet place and take time to think.
