Archive for the ‘Entrepreneur’ Category

Should Some of the Stimulus be used for Hot Dog Carts?

Wednesday, February 16th, 2011

I would suggest that the best way to get people back to work is to help them start their own business.  We have a customer who has created a new way of life and income with a turnkey business of $141.00 per month.  Pretty amazing when you think about it.  It is estimated that each job created in the Recovery Act cost taxpayers over $70,000 per job. 

 Here is a gentleman who is doing it with a rounding error of that money.  Maybe the government needs to take a Micro Economics class instead of Macro.  Everyday I feel blesseed to work with the entrepreneurs in this country who are striving to make a difference and making lemonaid out of lemons.

 Would you like ketchup or mustard with your lease payment???

Business Credit Lines Being Cut

Wednesday, May 27th, 2009

Greetings Entrepreneurs,

Today I got sad news that my corporate credit card was being cancelled from Advanta Business Card.  The Card had a a 50K limit and it was the card that I issued to key employees for purchasing.  Although we tended to use the card and pay it off monthly I thought about the small business owner that relied on this card exclusively in tough times to meet cash flow needs.

Advanta was a great company and even owned a leasing company which later became Marlin Leasing.  This is their final exit off the business stage and unfortunately might take a few hundred small business’s with them.

I am hearing almost daily on long established lines of credits being cancelled or a minimum being reduced.  Are we all having fun yet?