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Thread: Small Business

  1. #1
    Senior Member Buzz's Avatar
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    Default Small Business

    Republicans have turned the phrase "small business" into a brand. They are all about protecting the little guy.

    Curious what you think of when you hear that phrase? What is a small business?

    And, what do you make of this?

    Schieffer: Only three percent of those ‘Small Business’ people you keep talking about – all the ‘Small Business’ people, they’re going to be taxed – only three percent would be affected by that. Do you quarrel with that figure? Is that a right figure or a wrong figure?

    Boehner: Well, it may be three percent, but it’s half of ‘Small Business’ income. Because, obviously, the top three percent have half of the gross income for those companies that we would term ‘Small Businesses.’

    If 3% of small business owners make half of all small business income, then how small would you reckon their small business is? More on that later...
    "For everyone to whom much is given, of him shall much be required." -- Luke 12:48

    Raven - Moneybird's Black Magic Marker***
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    Mick - Moneybird's Jumpin' Jack Flash***
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    Peerless - Moneybird's Sole Survivor
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  2. #2
    Senior Member M&K's Retrievers's Avatar
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    Quote Originally Posted by Buzz View Post
    Republicans have turned the phrase "small business" into a brand. They are all about protecting the little guy.

    Curious what you think of when you hear that phrase? What is a small business?

    And, what do you make of this?




    If 3% of small business owners make half of all small business income, then how small would you reckon their small business is? More on that later...
    I honestly have no idea but I do know that I am 'cause I'm the only employee. Can't get much smaller than that.
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    Senior Member Buzz's Avatar
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    Quote Originally Posted by M&K's Retrievers View Post
    I honestly have no idea but I do know that I am 'cause I'm the only employee. Can't get much smaller than that.
    We're not much bigger with 3 full time and 3 part time employees.
    "For everyone to whom much is given, of him shall much be required." -- Luke 12:48

    Raven - Moneybird's Black Magic Marker***
    (Esprit's Power Play x Trumarc's Lean Cuisine)
    Mick - Moneybird's Jumpin' Jack Flash***
    (Clubmead's Road Warrior x Oakdale Whitewater Devil Dog)
    Peerless - Moneybird's Sole Survivor
    (Two River's Lucky Willie x Moneybird's Black Magic Marker)

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    I would consider a small business to be like my father in law's plumbing company. I think he employs 5 or 6 people, not including himself.

  5. #5
    Senior Member M&K's Retrievers's Avatar
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    In the group insurance business, small business is generally considered 1-50 employees. This covers a lot but seems to me to be a reasonable definition.
    M&K's HR UH Tucker of Texoma JH
    M&K's SHR Prime Black Angus
    M&K's Miss Jessie Girl JH
    Sir Jacob of Lakeview-Jake
    Freeway JYD

    Mike Whitworth

  6. #6
    Senior Member M&K's Retrievers's Avatar
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    Quote Originally Posted by Buzz View Post
    We're not much bigger with 3 full time and 3 part time employees.
    "How many employees do you have working for you?" "Oh, about half".
    M&K's HR UH Tucker of Texoma JH
    M&K's SHR Prime Black Angus
    M&K's Miss Jessie Girl JH
    Sir Jacob of Lakeview-Jake
    Freeway JYD

    Mike Whitworth

  7. #7
    Senior Member troy schwab's Avatar
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    The description of small business is part of the problem. My family's business employs 52 people and we move about 5-6 million in product a year. That being said, we are constantly competing against much larger corporations, with WAAAY more buying power. We sell down the street, outside sales, and regularly compete with five or more vendors. We have seen our margins shrink dramatically over the past few years, as have most small businesses. This is the problem we face..... until buying power is regulated (which wont happen), the small business owner is in big trouble. The formation of buying groups, and the power of big business will always prevail, particularly in a shitty economy. Hopin we can make it ten or twenty more years...... my grandfather started this business in 1952, I would hate to see it go down.

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