Why Small Businesses Fail- Pt. 2

Since small business creates so many jobs and brings in revenue for the government you would think they would be bending over backwards to try and be more helpful and supportive. If you think your government cares about your small business then you have been seriously fooled. From the IRS to workers comp to unemployment office, there is no one there to help you in the ways you need help.

Almost every government entity I know of has some pamphlets to hand out or some resource CD to give you but none of it was ever written by anyone who has owned a small business. They are all meager suggestions, and bunch of laws and rules  and nothing more. A list of the do's and don'ts are fine but what you really need are resources for funding, help in solving issues, helpful forms and more. These government agencies really do not get what the real issues are.

When times get tough these agencies will crank down on you. When they see you in trouble they just seem to add to your troubles and not help alleviate them. I am not suggesting they are all bad people or programs and I am not suggesting we do away with them either. What I am suggesting is however that these agencies get revamped and retooled to truly help small businesses grow and prosper long term. Why not have weekly classes with hands on instructors? Why not have advisor's readily available for you who are personable and that can help you with those hard to find answers?

Isn't it time these government agencies soften up and start becoming more inviting and friendlier? What are they worried about? Are they worried about someone cheating the system? There really is no downfall even if someone does cheat the system as economics are this simple. When people make money they spend it. They more they have the more they spend. No matter what more is going in not less. If these agencies only understood this we could be so much better off. I personally am all for a national sales tax. I hate income tax and other forms of this tax. As a small business I need to spend more time focusing on building my business not worrying about the government.

So what do we do in the mean time? Let me make this as clear as I can. Make sure you are keeping good books, use whatever resources you can get from your government agencies and get a good team of  an accountant and attorneys. It is not as expensive as you might think. You can have an attorney on retainer generally as low as $1500. I suggest finding general counsel and one for employment and one for taxes. Those who specialize are generally more expensive an hour but cheaper in the long run because they are already educated highly in that particular field.

Lastly, do not be afraid as there are plenty of normal everyday people working in these agencies. Never be rude even if they are and always be polite and nice. kill them with kindness. The last thing you will want is an upset agent for some government agency who is hell bent on ruining you. Stay tuned for my next installment on Pt. 3 under capitalized.