Being based in the Washington D.C. area, we were right smack in the middle of the inaugural celebrations. Road closures, closed offices, and checkpoints every corner — these were but some of the manifestations of the important historical event.
But the question remains, what will the next four years bring to small and home businesses? I hope, as I believe many other small business owners and self-employed, to see lesser taxes, lower health insurance costs, and more assurance that my social security benefits will be there when I retire. Basically, I want more money in my pocket.
Many small businesses are forced to choose between spending money on their fledgling businesses or paying for health insurance. In fact, according to the International Profit Associates Small Business Research Board, healthcare represents the fastest growing small business cost. If I couldn’t get health insurance through my spouse, the $400 per month I have to pay for COBRA would prevent me from investing in inventory, marketing and supplies.
The National Federation of Independent Businesses give their take on what small businesses can expect during Pres. Bush second term. Read NFIB’s press release.