"They don’t have the money. Banks are not lending." Enough said, the rest follows suit, but you left out key issues.
The infrastructure to scale up businesses, from start-ups to full blown operations, has been off-shored and eradicated domestically. A start-up can only get capital if it is going to scale up overseas or is forced to sell out to someone who will build up overseas. Scaling operations to the next level will make-or-break for a start-up, and the business support here for its has been undercut by incentives to support globalism over US industry. Trade treaties have undercut American exports to nil. Mostly multinational or foreign capital is what's available anyway for start-ups, as what's left of American capital seems to be so timid anymore.
Start-ups that create jobs in China don't benefit us here, except increase our foreign trade deficits. We need to reconsider our values financing companies here rather than promoting foreign business development.
Frankof OH12:00AM July 19, 2010
I have found that to be true more often than not.
GLHOFFMANof MN3:10PM July 13, 2010
I have found that to be true more often than not.
GLHOFFMANof MN3:10PM July 13, 2010
Hi G.L. I agree with so many of your points. In the past, I've found recruiting and employing the right people to be a headache.
I live in a low skill, low unemployment area and for me, it has been much easier to outsource time consuming tasks, or things I can't do myself.
What you say about techies not being used to getting stuff done through others is often true too. You can do the math with them and show them how much better off they would be if they would pay someone else to do certain tasks but they seem unwilling to let go.
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Frank of OH 12:00AM July 19, 2010
GLHOFFMAN of MN 3:10PM July 13, 2010
GLHOFFMAN of MN 3:10PM July 13, 2010
Cath Lawson 2:30PM July 13, 2010