Wednesday, October 08, 2008

Small Business Bailout?

I believe that small business is, and always has been, the backbone of the US economy. Don't believe that? Look at this Fact Sheet prepared by the National Federation of Independent Business.

Now we small business owners have to get through this mess that some our our big business leaders have created. The mindset of many of these big business leaders is just mindboggling. The way I see it greed and stupidity of some big business leaders have tore apart our economy. Here are a couple of examples:

  • Leham Brothers were giving out millions in bonuses 4 days before they went under.
  • Less than a week after the federal government committed $85 billion to bail out AIG, the company paid more than $440,000 for the a retreat for executives, including nearly $200,000 for rooms, $150,000 for meals and $23,000 in spa charges.
I've seen a few articles titled - Whose going to bailout small business? I don't think that requires an answer as small business owners know the answer. Obviously, we small business owners are on our own.

Since we are on our own, I want to pass along a great small business resource I read about in the AccountantsWorld Daily Headline News. Buzgate.org
focuses on helping individuals to learn about, connect with, and utilize the resources they require to succeed in small business. As a non-commercial, educationally focused gateway, buzgate.org provides a reliable, trusted network where users can build knowledge and establish productive business-to-business relationships.

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