Small Businesses Once Again Ignored . . .

Financial Expert Reports 

of “Economic Rebound”

Grossly Exaggerated

 I had occasion yesterday to hear parts of a Baltimore radio broadcast that featured an on-air personality we will call Mr. Advisor, a man who proclaims himself a seminar presenter, radio and TV host, book author, and one of America’s top-ranked financial advisors.

I like this station’s programming. Most of the hosts are challenging, provocative, and informative. I try to tune in whenever I can.

I liked the overall theme of Mr. Advisor’s message which suggested that worrying about money gets us nowhere. As you know if you’ve visited here before, I have taught for more than 40 years that worry about ANYthing accomplishes nothing. Neither does dwelling on the past.

The past and future are fantasyland,

and generally not good places for

nurturing entrepreneurial minds.

So, if I am as I say, a present-moment, here-and-now thinker, who’s taught this mindset as the key to life success in management training sessions, college classrooms, books I’ve written, and this blog — what’s my issue? Part of my issue is with Mr. Advisor’s use of this awareness to quell economy fears as a bridge to selling his services.

I have no quarrel, in other words, with any effort to get people to focus more energy on the here and now because that is what life is really all about. I take exception with Mr. Advisor because after laying this groundwork, he proceeded to rattle off bogus interpretations of government and corporate statistics to make his points.

New housing startups and manufacturing indicators, he says, signal a rebounding economy . . . major corporate proclamations of sales and revenue increases and expansion plans add up to additional support, he says. Actual statements made were either misleading or naive. Considering his credentials, naivety is doubtful.

He tells his audience to not worry so much because things are looking up and that we can’t let fear of the unknown get in our way of making prudent investments. So do advisors who misrepresent reality.

Certainly, we as human beings do ourselves great injustice by fear of any unknown, but reality here has nothing to do with Mr. Advisor’s careful layering of reason to support his sales pitch.

The bottom line is that:

A)  The economy positively cannot rebound –no matter what government and mega-corporations do– until new small businesses begin to create new jobs.

B)  This is simply not going to happen with Mr. Obama in the White House because Mr. Obama has proven he is NOT a Democrat. He has proven, in fact, to be a Socialist who doesn’t believe in or accept the world of small business and free enterprise competition that built America (and the Democratic Party, I might add) to begin with. 

C)  It really makes no difference what big business and government try to accomplish if it’s without the support of small business.

(And, it’s here that Mr. Advisor goes astray. He seems –not unlike Messrs Obama and Biden– to forget and discount that there are 30 MILLION small business owners in the United States! But perhaps these are not prospective investors for Mr. Advisor?)

My point here is that Mr. Advisor is correct about the need for Americans to stay focused on the here and now, and not worry about what hasn’t come yet and may never come, and the unhealthiness of dwelling on the past that’s over and cannot be changed anyway.

These are mentally and emotionally sound ways to be thinking, but they are not portals to prudent investing. Neither are they any cause for a rebounding economy.

The economy is NOT turning around. Ask any of the 30 million small business owners out there. The economy is NOT rebounding because small business owners have no reason to trust a government that seeks to undermine, over-regulate and over-tax at every turn.

The issue, Mr. Advisor, is TRUST, and the fact is that this White House has failed to inspire any confidence or reason to believe. And as you surely know, Mr. Advisor, credibility is what drives market growth.

Why should small businesses create new jobs and then get slammed with major new taxes and regulations that end up costing them even more than a no-new-jobs economy is costing? Because Obama says that that won’t happen? HA! November 6, 2012. Be there.    

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Hal@Businessworks.US  302.933.0116

Open  Minds  Open  Doors

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