The big problem with ObamaCare is no one understands it! One thing that appears to be certain is families will be paying more than what was promised to them on Election Day. One of the bigger issues caused by ObamaCare is business owners are confused and afraid to grow their business.
As the leading authority on buying and selling business I have my pulse on the emotions of the business community. Unfortunately, many business owners are deeply concerned about Obama Health Care and are making the tough decision not to grow their business. Many owners are deciding to stop at the s49 mark and not hire any more employees. Most businesses operate on a tight budget with minimal profit margins and they can’t afford to pay out more money due to the Obama plan.
This will be a huge impact on our economy as small businesses are the backbone of the US economy. Unemployment will continue to rise if small businesses stop hiring. Effects of small businesses not growing will trickle down and continue to affect our economic growth.
Not growing a business will certainly decrease the value at which a business owner can sell their business. Face it, we all work hard in our business in the hope of one day “Selling it For More Than It’s Worth” so we can all afford the lifestyle of which we always dream. In addition, if an owner grows their business to the over 49 mark then they will show less profit and their business will not be as valuable. It’s a double-edged sword; grow and be penalized, or don’t grow, stay stagnant, and sell for less than desirable. Please refer to Chapter 8 in my best-selling book, “Sell Your Business For More Than It’s Worth”.
The best way to solve a problem like ObamaCare is to understand it and address it. Obviously no one understands it, not even the experts. Therefore, as entrepreneurs, it’s imperative that we think outside the box, or just plain throw the box away and come up with our own plan to grow and escape Obama. As I have always said, where there is a will, there is a way, and no one is more creative than the brain trust of entrepreneurs. My clients and I have already cooked up some really good ideas. Email me at mstucker@betterbusinessbrokers.com or follow me a @MSeilerTucker.
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