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Profit in business comes from repeat customers, customers that boast about your project or service, and that bring friends with them. Business, that's easily defined - it's other people's money.
Stimulus for small business leaders.
The new federal economic stimulus package is expected to provide relief for Maryland’s small businesses through tax cuts and incentives that will help pull the country out of the recession, spokesmen for business groups said this week.
Besides cutting the income taxes of 95 percent of working families, the American Recovery and Reinvestment Act provides tax breaks to many small-business owners. The stimulus package had received the support from a broad coalition ranging from the U.S. Chamber of Commerce to unions, two groups usually on opposite sides on issues.
That’s recognition of the fact that businesses and unions and citizens all realize the country has the most difficult, complex economic problems that we’ve had in decades. While the spending on infrastructure projects has received considerable attention and will help put people back to work, the tax cuts for small businesses also will help with the economic recovery.
It seemed to me what the president was doing on [last week] was laying out a multifaceted plan to lead the country out of the recession and into an even stronger economic position to lead the world. Full report? Read it here.
Economic depression cannot be cured by legislative action or executive pronouncement. Economic wounds must be healed by the action of the cells of the economic body - the producers and consumers themselves. One more thing is in the business world, everyone is paid in two coins: cash and experience. Take the experience first; the cash will come later. Remember, a business that makes nothing but money is a poor business.
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