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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.
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I.B.M. - Tops Forecasts for the Quarter.
I.B.M. reported a solid 12 percent gain in net income for the fourth quarter, bucking the trend of steep declines for many technology companies amid the economic downturn and surprising Wall Street. The company is seen as a bellwether of global technology spending among corporations.
Yet its strong performance in the fourth quarter, analysts say, mainly points to the success of its strategy in recent years of tilting toward higher-profit software and services and reducing its reliance on the computer hardware business, which suffers more in down economic cycles.
I.B.M.’s hardware sales did drop 20 percent in the quarter, but that weakness was more than made up by strong results from the company’s far-larger services and software groups. Some analysts had predicted that I.B.M. would announce as many as 10,000 staff cuts, or 3 percent of the work force, to trim costs in a weak economy.
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I.B.M. Ups Its Bet on Business Recovery Services.
I.B.M. is spending $300 million to build 13 data centers around the world, dedicated to helping corporate customers keep their businesses up and running despite power failures, natural disasters or political turmoil.
There has been a big increase in demand for these services in the last 18 months, according to Philippe Jarre, general manager of I.B.M.’s business continuity and resiliency services unit. The demand, it seems, is reflected in a nicely growing business. Though he won’t disclose sales for the business recovery group, Mr. Jarre did say it is fastest-growing business in I.B.M.’s big services division. His group must be doing well, since I.B.M. Global Services grew 16 percent last quarter.
Business continuity services are intended to help companies make sure the information technology engines of a business can recover quickly, after some calamity. A few years ago, the best companies could recover after being down for several hours or a few days.
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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.