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Channel: Godlike Productions - What Recovery?? 23% of Small Business Owners Went Without Pay Last Year--That's NO INCOME
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Reply by Anonymous Coward (UID 2926765)

I can believe it. There are very few customers in some of the stores I go into. I wonder how they can keep their doors open

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Reply by telling it straight (OP)

I've noticed that too. Along with the desperation in their eyes hoping you'll buy something...

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Reply by Anonymous Coward (UID 1138869)

Nearly one in four with no paycheck!! Holy mother of God. IOW, the tax on those who earn over $250,000 is meaningless because the owners are getting zippo!

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Reply by Anonymous Coward (UID 15322372)

:bump:

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Reply by telling it straight (OP)

Nearly one in four with no paycheck!! Holy mother of God. IOW, the tax on those who earn over $250,000 is meaningless because the owners are getting zippo! [/quote] Exactly right. And those business...

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Reply by telling it straight (OP)

reactivating

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Reply by Major_Payne

I've noticed that too. Along with the desperation in their eyes hoping you'll buy something... [/quote] Remember this when you go shopping at Wal Mart.

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Reply by Major_Payne

Also in that article. The nationwide survey of 750 small business owners found that despite financial challenges, one-third of respondents say their business is better than it was a year ago, up from...

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Reply by telling it straight (OP)

Yes, they're trying to stay optimistic but if business grows by 10% as they're hoping it might, it still won't get them back to normal.

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Reply by Anonymous Coward (UID 14962676)

I've noticed that too. Along with the desperation in their eyes hoping you'll buy something... [/quote] And yet most of the douches will still shop the big box stores and send the profits out of the...

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Reply by Anonymous Coward (UID 18105478)

it's all obammy's fault. after all, he's the one who drives the economy

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Reply by Anonymous Coward (UID 18105478)

and thegatewaypundit :cruise:

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Reply by Major_Payne

We need a strong middleclass. A strong middle class will create demand and demand is what drives business. Remember Businesses don't create jobs, they create profit. Demand creates jobs.

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Reply by Anonymous Coward (UID 2926765)

the middle class is disapearing

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Reply by Anonymous Coward (UID 18105478)

bad obammy bad

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Reply by telling it straight (OP)

Yes and at an alarming rate. Millions are heading into tent cities.

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Reply by telling it straight (OP)

And he has vowed to bankrupt the coal industry. Small business is where the majority of jobs should be made. Under Obama, only the government expands and on the backs of the taxpayers. [/quote] Yes...

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Reply by telling it straight (OP)

reactivating

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Reply by telling it straight (OP)

...and again

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Reply by Anonymous Coward (UID 17865482)

good more stuff to by cheap at auctions

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Reply by telling it straight (OP)

Hate to admit I laughed at that. Still, its a real depression small businesses are in and there's no attention being paid to this.

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Reply by Anonymous Coward (UID 18069874)

That's so they don't have to pay income taxes. I know a lady with a thriving IT business, but she makes sure her earnings come out to ZERO every year just so she doesn't pay income taxes. WE live in an...

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Reply by telling it straight (OP)

Read the rest of the survey results. 69% had to use their own funds to keep their businesses afloat.

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Reply by Anonymous Coward (UID 9813856)

But they still have to pay taxes on the business. So they can't pay themselves but they to have to pay for the fucking monkeys that are our 'leaders'. We should stop playing the game.

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Reply by JanJan

I've noticed that too. Along with the desperation in their eyes hoping you'll buy something... [/quote] Remember this when you go shopping at Wal Mart. [/quote] Excellent point!

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Reply by Judethz

I've noticed that too. Along with the desperation in their eyes hoping you'll buy something... [/quote] :9teen: It's the same in the UK.

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Reply by Anonymous Coward (UID 18149627)

I own a small business in the states and I agree with the thread. There's months where I have gone without pay in order to be able to pay for my business expenses so I don't go belly up. It is tuff...

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Reply by Anonymous Coward (UID 1405546)

It is the failure of a centralized banking system. Just like the I-Net would fail horribly if it was also centralized. The economy needs diversity of currency with real tangible objects to attach a...

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Reply by Anonymous Coward (UID 1445528)

I know that in this small town, in the last three years, most of the gallery owners have not even been able to pay the lease space on their art galleries. The tourist trade is gone, and because some of...

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Reply by jannerfish

I don't know tax rules in my own country let alone US but what you say sounds plausible, given all govt's thirst for revenue. Sounds like another tax just for existing, as a business or person.

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Reply by Major_Payne

Conservatives would like you to believe the combination of Obamacare, taxes, and increased regulations has led to small businesses not hiring. This has been the Republican mantra since Obama took...

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Reply by Anonymous Coward (UID 18162444)

And he has vowed to bankrupt the coal industry. Small business is where the majority of jobs should be made. Under Obama, only the government expands and on the backs of the taxpayers. [/quote] There...

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Reply by Anonymous Coward (UID 18162444)

You have to also factor in rent of the building,licenses, and utility costs and the overall costs of materials that the small business has.All of these are going way up compared to before.When those...

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Reply by Anonymous Coward (UID 17865482)

38% of them said their employees had worked overtime without being compensated. Most small business owners are wannabe waltons , stealing from the employees and living large on the proceeds.

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Reply by Anonymous Coward (UID 411881)

I own two small businesses. I am closing BOTH businesses at the end of the year. It is way to hard to cover all expenses when there are fewer and fewer customers each week. I would like for Obama to...

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Reply by Anonymous Coward (UID 17549114)

I've noticed that too. Along with the desperation in their eyes hoping you'll buy something... [/quote] It is worse than it has ever been.

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Reply by Major_Payne

Maybe if we hired back those 590,000 teachers, policemen, and firefighters, Started a jobs program that hired thousands of construction workers to work on infrastructure there would be enough people...

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Reply by ACME Man (UID 885953)

The #1 rule of business ownership is to pay yourself SOMETHING. It's very bad for morale not to.

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Reply by Anonymous Coward (UID 8796794)

My restaurant/ bar barely breaks even, 100 hour work weeks, shit personal income.

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Reply by Anonymous Coward (UID 17814833)

:bsflag:

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Reply by Anonymous Coward (UID 17814833)

:bsflag: If that were true you'd have better things to do than post on this retarded spy op site.

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Reply by canadian oldster

True here in ontario canada also, many are hanging by a thread, just the expense to keep things up and repairs ect. like someone said the staff even comments how they did good one day a coustmer spend...

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Reply by Anonymous Coward (UID 17944300)

I've noticed that too. Along with the desperation in their eyes hoping you'll buy something... [/quote] I know of a specialty clothing shop owner in the area... She has befriended me because I shop at...

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Reply by Laggard Slackers! (UID 18162406)

Want to make some money? Get a job, bitchez!

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Reply by Maguyver

Sort of...you probably don't see where the earnings go (they have to go somewhere). When we see a good year here (been a while, mind you), we will divey up the profit as best we can between new...

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Reply by Maguyver

You don't know any small business owners, do you. meh....:whatever:

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Reply by Anonymous Coward (UID 5546541)

Its not just the US. Here in the UK I run a small business and basically went without pay all year (I paid myself just Â1,500). But I did smile when I did my personal tax return and found out that...

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Reply by Anonymous Coward (UID 1630488)

I am going on my third year in business as a small business owner in a small town. I can back up these claims for sure. I pay the business bills first, then pay half of my apartment expenses. I do not...

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Reply by Anonymous Coward (UID 4254132)

I know. I own a god forsaken gas station in washington state. Everytime I go out and change gas prices, I feel like I'm running into a battle field. All for profit of 5 to 10 cents per gallon. Feel...

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Reply by telling it straight (OP)

I've noticed that too. Along with the desperation in their eyes hoping you'll buy something... [/quote] I know of a specialty clothing shop owner in the area... She has befriended me because I shop at...

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