The European Effect

What does Europe's problems have to do with small business? I think most people wouldn't give this a thought, but, they should! Today, we live in a global market.  What happens in Europe, effects us here. With the election coming up, who you vote for will determine the future of our country.  Do you want to stay an independent capitalistic form of government,(like we have) or become a honorary member of the European Union. This European social democrat model will have a large effect on opening and running a small business. In that scenerio, the government has too much control on your outcome. If you take a closer look at Europe, you will see their system failing.  They have too much government, too many regulations, too high taxes, too many government jobs and not enough private business. Big government feeds on itself.  It needs more money to grow.  Then as it gets bigger, it needs more money to maintain it's size. As you have seen, in the past three years, it could get out of control. That's what happened in Europe. So, as their prices go up, so do ours. The cost of money changes due to their large debt, the cost of materials go up. We buy and sell to the whole world, if they are in trouble, they cannot buy our products. As our debt and taxes grow here, we price ourselves out of competition. 


Starting a new business today is a little different then it was 20 years ago, a lot more to it. The good news is that, as a small business you can find the same clients as a large business through the internet. You can compete with the whole world with your product.


If you pay attention to world events, you can see that this is an exciting time to open your own business!


Happy New Year


Your Business Guru


John