Sunday, July 12, 2009

Attacks on Small Business Claim "The King"

In the current climate with the government employing an all out assault on small business, a local BAHL favorite has been claimed as a victim, The Sandwich King.

I made every effort to have lunch there every Friday either with some friends or with the editorial page of Investors Business Daily. The King made outstanding sub sandwiches, and I was particularly fond of the heated turkey and cheese. The staff was great and it was a favorite of many businessman in the area.

They were operating on a thin margin in there for sure, and it appears a broken down HVAC system struck the defining blow.

Small business cannot get out of the way these days. Inexplicably, the minimum wage is set to go up later this month increasing the costs of retaining employees. Taxes are rising and energy costs are set to become deliver a crushing blow to the revenue stream based on the Cap & Trade debacle working its way through our governance.

Small business success is critical, get that, critical, to our economic system functioning properly, and in the current environment, small business is taking it in the shorts. Governmental interference in the form of raising the costs of doing business for small business is having an extremely negative effect. Look around your town!

Until the mindset changes, I am afraid economically we are set to tread water at best going forward, from Wall Street to Main Street.

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