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jgaither

2013-01-02 11:14 AM

Master

2083

Houston, TX

Subject: Small Business Owners

I'm just curious, how many of you are spending cash right now? Not personally, in a business capacity.

As best I can tell Bernanke is trying to inflate the economy. Traditional schooling says when they inflate the best thing to do with your money is spend not hoard. You basically lose money hoarding it and get a break deploying it.

So with the printing presses running at $85 Billion per month I was just wondering who's saving and who's spending?

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BrianRunsPhilly

2013-01-02 11:26 AM

in reply to: #4557885

Pro

5755

Subject: RE: Small Business Owners

I'm spending. Not a lot, but I have to make some capital investments to handle a new client. I'll also be hiring in the next month, and I had someone start half time today. Everything has been self-financed but we are reaching the point where we have to look for investors or partner on one of our drug discovery projects. That requires deep pockets and a higher level of risk than I can afford.

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TriRSquared

2013-01-02 1:33 PM

in reply to: #4557885

Champion

7347

SRQ, FL

Subject: RE: Small Business Owners

I just made a substantial capital investment but it's one that will have a good ROI so I'm not too worried. Our business is actually growing. Funny enough I'm hearing Obamacare being blamed for companies wanting to move more towards automation to keep themselves under 50 employees.

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Bripod

2013-01-02 3:51 PM

in reply to: #4557885

Pro

4339

Husker Nation

Subject: RE: Small Business Owners

We're getting ready to hire someone so we're saving up to hedge against any potential slow-downs in the real estate market (in other words, we want to be able to pay him even if we're not in the black). I'm not sure what we'd go spend our money on anyway, our overhead is very low. I guess maybe a tablet or bigger computer screen or something. Not sure how that gives me a break on my money, though, Mr. Bernanke.

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tuwood

2013-01-02 4:17 PM

in reply to: #4557885

Pro

9391

Omaha, NE

Subject: RE: Small Business Owners

Just hired a new sales person. My business is only 4 years old so I have always put everything back into the company.

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Marvarnett

2013-01-02 4:41 PM

in reply to: #4557885

Champion

6962

Atlanta, Ga

Subject: RE: Small Business Owners

I'm spending. I've brought on 4 new employees and have seen double digit growth in each quarter for the last 5 quarters.

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SWIM2LIVE

2013-01-03 1:30 AM

in reply to: #4557885

Extreme Veteran

1112

Las Vegas

Subject: RE: Small Business Owners

Unfortunately for the US, we have an offer from the state of Bahia in Northeast Brazil to move our Florida aircraft manufacturing plant there. They are making an offer we just cannot refuse and will be putting around 300 people to work. Too bad the US can't make us a similar financial offer.

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powerman

2013-01-03 3:20 AM

in reply to: #4557885

Elite

6387

Subject: RE: Small Business Owners

Cutting salary expense. Mostly working on head above water.

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ADollar79

2013-01-03 7:24 AM

in reply to: #4557885

Champion

5529

Nashville, TN

Gold member

Subject: RE: Small Business Owners

Spending. We just cleared out the account to make a substantial (compared to the size of our business) capital purchase. It should return our money in 3-4 months and then double it over the next 24 months. And that is being very conservative. I am also looking to hire 1-2 part-time employees in the next 3-4 months. And this is our slow season.

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TriRSquared

2013-01-03 7:25 AM

in reply to: #4559277

Champion

7347

SRQ, FL

Subject: RE: Small Business Owners

SWIM2LIVE - 2013-01-03 2:30 AM Unfortunately for the US, we have an offer from the state of Bahia in Northeast Brazil to move our Florida aircraft manufacturing plant there. They are making an offer we just cannot refuse and will be putting around 300 people to work. Too bad the US can't make us a similar financial offer.

Far be it from me to second guess someone elses' business decisions but I'd caution you to do a LOT of research (and then some more) before doing this. I've been part of 3 offshoring operations in the past. Every single one of them came back to the US (at a significant cost) because of quality problems.

Cost of goods sold is not the only factor.

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gr33n

2013-01-03 7:33 AM

in reply to: #4557885

Regular

1023

Madrid

Subject: RE: Small Business Owners

Not exactly small business oriented but Challenger layoffs data came out today way lower than expected, and ADP corporate hiring came way stronger than expected. Maybe a sign of good things to come economically. Probably pretty reflective of what you all have alreadt been saying here. Very good question Justin.

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phoenixazul

2013-01-03 9:28 AM

in reply to: #4557885