
Originally Posted by
dawg80
Oh, Goosey is getting all goose-bumpy! (that's appropriate, eh). Businesses are closing, people are losing their livlihoods and we can all blame Trump for it. Oh boy! Giddy!!!
As for "Federal leadership..." it was tried under the obummer administration. Back in...2011, I think it was, Congress funded a 3-year plan to offer emergency planning/contingency planning to small business via an SBA program. I was part of the leadership team for Louisiana. I personally hired the consultant to oversee the program for 13 parishes in central Louisiana. She was an attorney, whose practice focused on small business, and she held an MBA to boot. Her husband had just taken a position at Rapides Hospital (Alex) and they were relocating from Charlotte, NC. She was looking for something to bridge the gap while she decided if she wanted to pass the bar to practice in Louisiana. Bam! I lucked into a mega-talented and very, very capable person to oversee the 3-year pilot program. Yes, Louisiana, along with Florida, was chosen to test pilot this, planned-to-be Federal program, since we had so much experience with dealing with disasters around here. We had very little luck...
Basically the vast majority of small business owners had ZERO interest in anything resembling planning for bad things to happen, even though our staff would do most of the tedious work for them. Fact is, most small businesses fail due to piss-poor management. And those you see still in business, are mostly living on the edge again due to poor management and planning. For instance, even in the best of times, 85% of all start-up restaurants fail inside of 5 years. I have mentioned before I was a fulltime business consultant and still am involved on a part-time basis now. Often you just can't make some folks follow sound advice. I would beat my head against the wall as I watched businesses close for no good reason, just ridiculous mismanagement...
Just yesterday I saw a longtime client is shutting down their business. I was aghast. I made a purchase at their business just last week and chatted with them...everything was fine. Seems the wholesale supplier for the bulk of their products just sent them a renewal with vastly increased pricing. This happened before and I was able to negotiate a better deal for them. I offered to do it again, but they said after 17 years they are simply tired of this business and want to do something different anyway. This will cost 11 fulltime and several part-time jobs. In this case it is not mismanagement, they have run a successful enterprise for years. But such is the nature of small business.
Yes, this Covid-19 event will push a lot of small businesses over the edge. Hey, let's all get giddy!