A Quote by Alan Patricof
It's actually a pretty basic concept: when businesses feel secure and confident, they are more likely to grow, hire, and invest. Conversely, when the economy is unstable, businesses often become much more risk averse, and in many cases, they're forced to make undesirable cuts that affect their bottom line.
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But, at the same time, I think that there is room for economic stimulus in terms of accelerated depreciation to encourage businesses to invest and to grow and ultimately to hire more people again.
Additionally, this tax forces family businesses to invest in Uncle Sam rather than the economy. When families are forced to repurchase businesses because of the death tax, that means less money is being invested in new jobs and capital expansion.
People with financial plans are much more likely to feel prepared, even in tumultuous times. They're more likely to feel that their dreams and goals are secure. And, oh yes, they do actually save significantly more.
If you bring [tax] rates down, it makes it easier for small business to keep more of their capital and hire people. And for me, this is about jobs. I want to get America's economy going again. Fifty-four percent of America's workers work in businesses that are taxed as individuals. So when you bring those rates down, those small businesses are able to keep more money and hire more people.
It's not enough for just us to invest in Utah; more and more, we are encouraging businesses around the world to follow suit. We want them to invest in and become part of Utah's future and to allow Utah to invest and become part of theirs.
Well you'd see a very dramatic change in the perspective of small businesses, entrepreneurs, middle-size businesses, and perhaps even some large multinationals. They'd say, you know what, America looks like a good place to invest again, a good place to take risk, a good place to hire again.
Even though the Koch brothers' businesses put 4.4 million people at risk with pollutants, the Kochs have poured millions into lobbyists' coffers and political contributions to ensure their bottom line stays unchanged by the most basic safety precaution.
While Washington pays lip service to the challenges facing small businesses, it repeatedly chooses its own expansion over results. In effect, government has become a huge silent partner in all businesses, often taking a majority of the profits and forcing many unprofitable business decisions without the risk that it will be fired.
If we overregulate, over control, impose too many burdens and too much bureaucracy - or if we do it across the board, without taking into account the differences among businesses and their relative impact on society - that could make people risk-averse and dampen the entrepreneurial spirit.
Exceptional businesses sustain bottom-line results, which they invest to create meaningful, positive impact for their stakeholders.
People are enduring more than a temporary financial crisis. We are witnessing a fundamental shift in the economy. Companies and industries will in great measure no longer grow by borrowing vast capital to make huge acquisitions. The way to grow to critical mass - the Google way - will be to become platforms and networks that enable others to build businesses, grow, and succeed.
As I examine progressive revenue options, I want to make sure wealthy individuals and businesses pay their fair share, that we reduce the burden on low-income and middle-class families, and not drive businesses from Chicago or create a disincentive for businesses to invest in our city.
Most businesses do not take governments seriously when it comes to climate, primarily because many governments have inconsistent and incoherent policies and then often keep changing them, sometimes retroactively. This makes businesses reluctant to invest in greener technologies.
Unlike public universities and private, not-for-profit colleges, for-profit schools are owned by revenue-seeking businesses often more intent on boosting their bottom line than educating their students. They use hard-sell tactics to recruit prospective students, and veterans have become particular targets.
When I feel risk-averse, I am much more likely to surround myself with middle-aged, professional, southern females; I just am.
The private sector is the innovation engine of our economy, and more private-sector businesses and organizations than ever are recognizing that training, promoting, and retaining women is essential to their continued competitiveness - and their bottom line.
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