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2013-01-02 11:14 AM

Master
2083
2000252525
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?


2013-01-02 11:26 AM
in reply to: #4557885

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Pro
5755
50005001001002525
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.
2013-01-02 1:33 PM
in reply to: #4557885

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Champion
7347
5000200010010010025
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.

2013-01-02 3:51 PM
in reply to: #4557885

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Pro
4339
2000200010010010025
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.
2013-01-02 4:17 PM
in reply to: #4557885

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Pro
9391
500020002000100100100252525
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.
2013-01-02 4:41 PM
in reply to: #4557885

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Champion
6962
500010005001001001001002525
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. 


2013-01-03 1:30 AM
in reply to: #4557885

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Extreme Veteran
1112
1000100
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.
2013-01-03 3:20 AM
in reply to: #4557885

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Elite
6387
50001000100100100252525
Subject: RE: Small Business Owners
Cutting salary expense. Mostly working on head above water.
2013-01-03 7:24 AM
in reply to: #4557885

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Champion
5529
500050025
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. 
2013-01-03 7:25 AM
in reply to: #4559277

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Champion
7347
5000200010010010025
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.

2013-01-03 7:33 AM
in reply to: #4557885

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Regular
1023
1000
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.


2013-01-03 9:28 AM
in reply to: #4557885

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Pro
4189
20002000100252525
Pittsburgh, my heart is in Glasgow
Subject: RE: Small Business Owners
Spending but strategically- need some new technology as well as spending to get to some conferences to mine for clients.
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