Archive for January 11th, 2009

Will small businesses increase or decrease?

Sunday, January 11th, 2009

I find this to be an interesting time, this recession, leading to depression time. Many businesses will be scaling back, many will be closing down. Some of these will be large companies, some will be small businesses. However I see that this will also be a time where more people will open their own small businesses, largely because they were laid off from the other companies closing down and they can’t find other employment. They will be forced to start their own small businesses.

When running a small business, many times the business will need one or more small business loans. Whether for start up costs, or to invest in more capital, the need to obtain more money to invest in the business will be there from time to time. That is when the savvy business owner will do some serious comparing of companies that provide financial services.

The Merchant Advisors Company’s website at www.onlinecheck.com offers small businesses the help they need to set up a merchant account to accept credit cards, and can assist with obtaining financing for other business needs. They also offer a service that enables the small business to accept check payments by telephone! Now I think THAT is an innovative service!

Fraud in India

Sunday, January 11th, 2009

i was reading on the Internet about the big controversy over the Indian firms Satyam, and how that is going to effect many US companies that have used them to outsource their work. Many companies moved their work from the USA to India because it was saving them 15% to 20% of their labor costs.

I understand the desire of a company to save money on their labor costs, but this outsourcing to other countries is one of the big reasons that our economy here in the USA is in so much trouble. I would really like to see these jobs coming back here. I know that other countries are suffering economically, but charity is supposed to begin at home, isn’t it?