One Quilting Circle - 01-08-09
New year, new politics, new administration - all of these would seem to be good indicators of things to come, but there’s no ‘quick’ fix coming to a quilt shop new you this week. While it may seems as if real change is a long way off, there are definitely positive signs around for micro businesses such as ours.
Recent studies have indicated that 93.5% of all new businesses created are small businesses, and public policy is taking note of that fact. That means that the economic climate for your small business is about to change for the better.
If you are looking for some concrete examples:
-The new head of the SBA is Karen Gordon Mills, who has a background as a venture capitalist, not a beauracrat.
- Proposals in Congress for the economic stimulus package (The Sequel) include elimination of the self employment tax on healthcare costs, as well as an expansion of the tax loss carryback from 2 years to 5.
It’s not coming tomorrow, but it is coming. How are you going to prepare for it?
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