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?? Federal, State and Local governments could learn from small business entrepreneurs how to survive when cash is not coming in as it has in the past, or not coming in kevin red mlb jersey as quickly. Our governments are having to deal with less cash to maintain services, yet continue the services, without laying off employees. Unemployment is traditionally a measurement of private industry, not government employees and their jobs.
?? When cash coming in slows down, or please forbid, stops, then change has to happen. Private industry has to adapt or die. Many small businesses who create the jobs and maintain them adjust based upon dollars coming to the business to pay for wages and products. During the tough times the adjustment made by entrepreneurs is to watch the amounts of cash needed to exist to a new day, new week, new month or new year. Profit becomes secondary as cash dictates survival.
?? There are certain obligations that must be met or the business is closed by the creditor's demands. The strongest creditor is government for the small business.
?? Regulatory bodies such as the IRS, property tax entities, state sales tax collectors, have remedies denied to the very businesses that create the revenue streams for attachment or garnishing.
?? Operating in North Carolina, Wake County, we experience some of the most severe regulated conditions imposed on private enterprise by legislatively created regulatory agencies. The most powerful is the ability to freeze bank accounts and remove all money from any account connected to the business kevin red mlb jersey or the owner for payment of property taxes. In Wake county if a property owner fails to pay property taxes the taxing authority has the right to confiscate money whether there has been any judicial act or proof the amount owed is really owed. The taxing authority simply kevin red mlb jersey sends a bill for property taxes, expects payment, and if not paid in regulatory body imposed time frame, seizes the bank account, freezing it for 30 days first. If the bank fails to comply the bank is held accountable. The small business owner wishes he/she could do similar when one fails to pay bills due. Due process occurs except for government when money is needed.