This morning I overheard someone say in a very passionate manner," God Dammit, I know it's not your fault but I have to yell at somebody". In this fit of frustration, he did not know how philisophical and apropos this comment was for these times.
The joy of self employment is to be able to make money by helping small business owners solve their business problems. Most of the problems these days are money related and there are no sources of money at reasonable terms. People with cash are holding tight. Banks are not lending because they are scared of the loans they already have. Small business owners have had to use credit cards over the last few years. These credit cards are maxed out and many businesses are unable to make any payments.
Credit ratings are falling as never before.
The delema is that when the Government( as they will be involved) requires banks to lend to credit worthy businesses, there will be no credit worthy businesses.
My sales are off. I have laid off half my employees. My rent is two months behind. My landlord has offered to lower my rent and is politely asking if I can catch up but he is gratful that he has a tenant. I told my employees I might have to cut their wages and they think it is a good idea because they have jobs. One of my key suppliers is going out of business and another has to cut my terms to net 10 days. And as always, the baby needs a new pair of shoes
I have to yell at somebody. I guess it will have to be George Bush as no one else will take the responsibility.
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