IIt may seem crazy there, but small business The owners feel good. According to PNC bank78% are optimistic about the prospects this year, near the high 23 -year -old brand. The banking platform Bluevine reported last week that small businesses had “leap” and is “higher than ever”. A recent index of National Federation of Independent Business shows that the optimism of small businesses increases in the industries, led by manufacturingAnd this global feeling is at historical heights.
Do these people not read the news?
Donald Trump‘s Will he / will he not The threat of imposing prices on the largest trade partners in the United States has the subcontracting of the stock markets. We are told that mass deportations will tighten an already tight labor market. Small businesses and non -profit organizations that work on projects funded by the government are faced with cash shortages thanks to its gel on payments, while a large number of civil servants who use small local businesses for everything, from dry cleaning to pizza, are unemployed. Economists predict May our economy contract – contract! – Next district.
All of this seems to be bad news for a small business owner. And yet … optimism. For what?
One of the reasons could be that these investigations were taken before it occurs. But I’m not sure to buy this theory because it assumes that we did not know what we got when Trump won the elections. It has always been fairly clear on its price plans, to expel undocumented immigrants and to reduce federal spending. He does exactly what he said he was going to do.
You might say that the owners of small businesses are simply naive and did not really understand the implications of their policies. I heard people lift this point and it’s a bit offensive. Over the years, I have met thousands of owners of small businesses. The naive do not stay in business very long. The owners of small businesses who voted for Trump – and there were many – were fully aware of the economic implications that would be caused by his proposals. They are not stupid people.
We only have six weeks in his administration, but my smartest clients do not operate on this kind of calendar. They look at months, even years. They now make decisions and investments that will affect their businesses in the future. They must always think in advance because they have people who rely on them – employees, customers, partners, suppliers – and if they do not look forward to the means of subsistence of these people would be in danger. They understand that Trump’s policies will cause disturbances. But they look beyond the short term. And the surveys suggest that they are optimistic about what it does.
Business owners understand Trump. They like the fact that it reduces costs, despite the disturbances, because they see the imminent tax cliff to come. They like him to fight to reduce prices by raising ours because many have undergone the consequences of competition against foreign companies supported by their own governments. They also expect it to make it permanent or at least extending many of the tax advantages of its law on tax reductions and jobs of 2017.
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Business owners are also optimistic because in Trump, they see someone as themselves: transactional, profit-oriented, impatient with workers who do not work hard, criticize bureaucracy that kills productivity. And, like so many owners of prosperous companies and entrepreneurs I know, he is a fighter. He also clearly likes to be the boss and likes to do what he does.
Clinton, Bush, Obama and Biden were all career politicians. Trump now has a political experience too. But he is always a businessman in the soul. For him, everything is an agreement. Agree with him or not, love or hate him, owners of small businesses understand it at the very least. Yet – it will be four -year -old disruptor.