Please someone answer this question for me.
Submitted by debr62 on Mon, 09/29/2008 - 21:45
The msm has been saying all day “well people are not going to make payroll this week and they are not going to be able to get loans”- which we haven’t been able to get since we started but that’s just us. My question is this. Who pays their employees with how the stock market is doing? We have a small business and have our son work for us on payroll and the only thing we have a hard time paying is taxes on his employment and then our self-employment taxes. We always are able to pay as long as there is work. So am I missing something? This really upsets me because it makes us all look like a bunch of idiots that don't know anything. lol excuse my grammer! lol
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Such a bunch of CRAP
No business that should be in business takes out credit to fund their payroll. It is amazing that the reporters can even keep a straight face when they "deliver their lines."
The objective of this bill...
IMMUNITY FROM LIABILITY!!
If you require a loan...
to pay your employees...YOUR IN TROUBLE!!
DUH!! Mainstream media = corporate lies!
Just more fear mongering. TURN OFF THE TV!
They are working overtime to SCARE everyone. It seems as if
~everyone is shocked that the bailout didn't happen. We will see a lot of FEAR mongering for the next two days. "Those damn republicans, it's all their fault!"
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"It is your duty as loyal Americans to Shut up."– Bill O'Reily
Mathew 5:9 Blessed are the peacemakers: for they shall be called the children of God.
Thats been my take on
this whole mess but just wanted to post this incase others might be asking. Thanks so much for your reply.
"Those damn republicans, it's all their fault!"
Our company will
make payroll this week and also i have talked to our bank and they will help us with any loan we are in need of also.
How do i know I am the CFO of our company.
MSM is known by all of us as the best FEAR tactic the government has, LISTEN TO THE RADIO OR WEB Stations
"Freedom is a right that can never be won in war,only by each individual "
Unfortuinately this is true for some businesses.
There are many fledgling businesses who must borrow money in order to pay employees. Even many large companies haven't made a profit yet because they have such huge expenses to get off the ground.
It's sad, but true.
They are going to say all
They are going to say all sorts of stuff seriously...Yeah people are going to lose jobs..but it is not up to us to save the actions of selfish white collar elitist wall street jerks..they need to go to jail..we don't need to be jailed financially because of them and the FED!!
Most small businesses aren't the ones they were referring to...
the media is referring to the bigger companies with 30-90 day receivables, this means they do not collect for the work they have done immediately, and must borrow from a line of credit to pay employees, and pay their bills until they are paid by their customers. Unfortuntely, America has lived beyond their means way to long, or at least some have, like big corporations. The credit problem is out of control, especially when it is mis-managed, and this is what has happened in the housing, and banking markets. Most small businesses don't operate with lines of credit, and would never take a payroll line of credit, because most of us know better, but big corporations are so spread out, they make it impossible to operate the old fashion way like most small businesses do. Small business also see when losses, or profits occur much faster than a big corporation because they have to pay close attention to their spending, whereas big corporations wait end of quarter.
If you're in a business with 30-90 day receivables (it takes me
90 days to get paid from customers), then you have to plan, accumulate and manage the reserves necessary in order to support that requirement or characteristic of your business model. The length of time to actually receive payment is simply one more factor that has to be considered and addressed in operating a business; any business. I have never sought a loan in order to pay employees and other business expenses. For a company that does not have a prearranged line of credit, that kind of attitude is just begging for trouble. If being "big" or "spread-out" is some kind of reason for bad accounting or cash flow management, then such a corporation should contract to the point where they can properly manage those eventualities. Big corporations do often wait until the end of a quarter in order to publish their results, if they're a public company, but there are people tracking the money and the numbers every day, including their reserves, which must exist. Many businesses have seasonal characteristics and trying to run a business without reserves is a positively awful idea. If those people aren't doing it or aren't doing it correctly, then I suggest they seriously consider some immediate changes. Cash flow management is very important to the operation and survival of any business, big or small.
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"An economy built on fiat money is a society on its way to ashes."
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"An economy built on fiat money is a society on its way to ashes."
I agree with what you are saying in regards to mid to bigger
sized companies. Most small business do not usually have the need to have lines of credit for payroll. When I opened my business I had lines of credit, but it was usually for buying inventory, and only used if I was dealing with a vendor that I was new to. After a relationship was established, they knew that my payment on an invoice would be paid when I received the bill, and I no longer had to use any type of credit to purchase goods. If I wasn't sure of the vendors products, I would pay COD, and never have to deal with them again if the product was not good enough for my store. Anyway, I still believe that America has become addicted to credit period, and we need to change things, some say that would take us back in time, well I think it is something that needs to be done in order to get us back on track.
Your last sentence made was the best:
Cash flow management is very important to the operation and survival of any business, big or small.
And there are still companies buying recievables
so you can finance big jobs without credit. They just handle the billing.
Explore Orthodox Christianity
That's a very valid point. I regularly get inquiries from such
companies. Fortunately, I haven't had need of them....at least, not yet.
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"An economy built on fiat money is a society on its way to ashes."
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"An economy built on fiat money is a society on its way to ashes."
Think of it this way.
The ZIONIST propaganda machine on 9/11 made people think 19 terrorist could knock down Three steel framed buildings with two aluminum jets because they hate our freedoms..
Well guess what, now they are at full open propaganda warfare to get this passed any way possible. It's called desperation and it's making me happy to see that they are putting up such a stink.. That means our phone calls and faxes are working..
KEEP THOSE SENATORS AND CONGRESSMEN ON SPEED DIAL!!!!!
Here watch this video to understand.
http://www.youtube.com/watch?v=e1_BGFil2Pc
Find out if you have a local militia - http://www.uaff.us/
Real Patriots for 9/11 truth -- http://patriotsquestion911.com/
The Jokers take on things
http://www.youtube.com/watch?v=R1X6RQLZtoA
This was amazingly done.
There was a CNN guy on this evening who was screaming
the same thing.....that the decline in available credit would make it impossible for main street businesses to make their payrolls. I don't know how many businesses that guy has ever owned or operated, but the notion that a business has to regularly get some kind of short-term loan, in order to make payroll, is pretty absurd. Any business that is run in such a fashion, as to require a short-term loan every pay period, needs to sit down and seriously evaluate their business model....and quick.
_________________________________________
"An economy built on fiat money is a society on its way to ashes."
_________________________________________
"An economy built on fiat money is a society on its way to ashes."
Rehearsed Scare Tactics
"This used to be a government of checks and balances. Now it's all checks and no balances." (Gracie Allen for President 1940)
"This used to be a government of checks and balances. Now it's all checks and no balances." (Gracie Allen for President 1940)
You are right on,,,
and I hope you are able to grow your business.
Thank you
We are a small plumbing co. We have been in business for 6 years and we like it small. It would be nice to hire a couple people though.
If your company has to borrow money
to make payroll, it seems to me that you have a bigger problem than wall street loosing going down the tubes.
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"the only thing that keeps the banking system from failing is general ignorance about how the banking system works."
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no kidding!
Thats what I was thinking.