Home Advertise Contact Blog Advertiser Login RSS
Newsletter Signup

Your Free Business Opportunity Resource Is Easy To Use
Home-Based Businesses
Choosing a Business Opportunity Growth and Profit Marketing and Sales
Plans and Goals Running Your Own Business Start-Up
Working From Home Entrepreneur Exchange Feature Articles
Opportunity Community Opportunity Focus In The News

Common Succession Planning - Legacy planning, as owners of family businesses know, is essential for the continued success of the business.

However, that doesn’t always mean that owners take the right steps to ensure a seamless

Conversion Rate Optimization - Every business owner knows the importance of a good online presence to increase a company’s visibility in a crowded and competitive marketplace. But getting more visitors and broader publicity is only half the story.

By improving conversion rates, you can give...

Offering Financing Boosts Bottom Line - Staying afloat takes capital. But the process of attracting financing is confusing for small business owners. That’s why a system like FundAbility is so powerful.

Offering Financing Boosts Bottom Line - Here is a look at how you can offer help with financing...

Sponsors

STARSCAPES®
Imagine making up to $500 to $1,800 a day! Call or click now see how you can get your business for FREE! (602) 679-0257
FundAbility
Need Funding? Need To Offer Financing To Close More Deals? We Have Access 7,000+ Credit Providers. Learn more now...
 
Resource Center > Article
Ongoing Government Shutdown Being Felt by Small Businesses
15 Oct 13 Posted by: Kathleen C Lanza
in In The News
Share this Article:

Two weeks into the government shutdown with default looming and no solution in sight, America’s business opportunity and other small business owners are starting to feel the impact. According to a recent flash poll by Manta, 64% of small business owners believe the shutdown will harm the overall US economy, while nearly half of them believe it will negatively impact their small business specifically.

gone-fishing-rust_645x400

How exactly?

According to experts, if you’re a small business opportunity or other small business owner, you may be feeling the impact of all the indecision and gridlock in Washington in a number of ways, key among them are:

1. Trouble getting a loan—Any small business owner who is looking for loan approval from the U.S. Small Business Administration (SBA) will have to wait as everything from its 7(a) loan program to its 504 certified development loans are on hold. Many small business owners’ efforts to launch or expand operations are also on hold indefinitely as a result.

2. Stopped payments—Thousands of small businesses are either directly or indirectly contracted to provide products and services to the federal government, and they’re not going to get paid until this thing is over, all of which presents a huge cash flow problem for far too many of them. Meantime, given many of the products and services they provide are consumer- and public-safety related, all of us may have something to lose should they have to bring their operations to a halt.

3. Drop in tourism revenue—While some are making light of the fact that the National Park closures are no big deal, the thousands of small business owners, as well as their vendors and consultants, who are seeing their very livelihoods disrupted—perhaps irrevocably given the seasonal nature of their operations—would strongly disagree.

4. Workplace safety checks on hold—Charged with ensuring safe and healthy work conditions in the nation’s businesses, the Occupational Safety and Health Administration (OSHA) will only be available to deal with the most threatening and dangerous situations.

5. Psychological blow to consumers—The greatest impact in all of this may be at the till for small, medium and large-sized businesses alike as consumers become more and more uncertain of what the overall impact of this whole mess will be on their own lives. Where there is fear there is a tendency to rein in spending, and the last thing we need right now is a serious decline in consumer confidence when the economic recovery is already so shaky.

small-biz1

Related Blog Posts
15 Sep 16 Posted by: Kevin James Culp
in In The News

Expanding Opportunity Services - It has always been our mission to provide the best customer service possible and have recently added no cost training and coaching sessions for all active advertisers. Now, we are going a step further to address the one major problem faced by opportunity owners–lack...

14 Sep 16 Posted by: Joseph Petrashek
in In The News

Virtual Reality (VR) is a buzzword that has been a focal point in many industry events and news articles in 2016. It has been hailed as the most revolutionary innovation after the Internet.

Virtual Reality - Whenever VR is mentioned, the notion of video games flushes in many peoples’ minds....
29 Jun 15 Posted by: admin
in In The News

CruiseOne® Participates in #GiveThem20 Challenge to Raise Awareness for Military Veteran Employment

Home-based travel...

27 Apr 15 Posted by: Kevin James Culp
in In The News
Even in the age of the Internet, the telephone remains one of your most important business communications tools. Fortunately, there are many options available in the telecommunications market. Finding affordable and feature-rich phone service for your business is simple – if you know where to look. Start...
16 Apr 15 Posted by: Kevin James Culp
in In The News
Get Your Digital Feed On - Business Opportunity Magazine Is A Success! Chicago, IL — The latest issue of our digital magazine titled Business Opportunity will educate, inform and moreover be a conduit between shoppers and buyers of opportunities in a visual...
 
   

Entrepreneur Exchange is our forum where we interview the Influencers, CEO's, Author's, Business Owners Of All Types, Shapes and Sizes.

Entrepreneur Exchange: Today, we sat down with Marc Winkelman, CEO of
Video Spotlight
You're invited to view a Bartercard Online Franchise Presentation.

Premium Sponsor