Who’s Packing Your Parachute?

As the Memorial holiday weekend approaches we are all once again reminded of those military men and women who have given the ultimate sacrifice for our freedoms.  I am reminded of the following story I’d like to share with you.

Charles Plumb was a US Navy jet pilot in Vietnam. After 75 combat missions, his plane as destroyed by a surface-to-air missile. Plumb ejected and parachuted into enemy hands. He was captured and spent 6 years in a communist Vietnamese prison. He survived the ordeal and now lectures on lessons learned from that experience.

One day, when Plumb and his wife were sitting in a restaurant, a man at another table came up and said, “You’re Plumb! You flew jet fighters in Vietnam from the aircraft carrier Kitty Hawk. You were shot down!”

“How in the world did you know that?” asked Plumb. Read Complete Post »

The Faulty Logic Behind Tax Policy

Part 3 talks in detail about dynamic scoring versus static scoring. As you will see, politicians like static scoring because it creates a bias for tax increases and a bias against tax decreases.

Watch and decide for yourself and then share with others. This is not rocket science.

Evidence Supporting The Laffer Curve

Part 1 talked more about theory than real life examples.  Part 2 will now get into the evidence supporting the theory behind the Laffer Curve.

My guess is that many small business owners already understand the fact that if you tax something you get less of that thing.  People change their behaviors in response to the tax scheme’s that politicians pass into law.  Part 3, which I will post tomorrow, will discuss this fact by examining dynamic and static scoring.  This is also known as dynamic and static economic analysis.

Explanation of the Laffer Curve

Most politicians and bureaucrats love the idea of raising taxes on you and I because in their eyes it raises more money for them to spend, or does it?  This is the first of a three part series that explains the theory behind the “Laffer Curve” named after Dr. Arthur Laffer, who is an economist.

Once you complete watching the three part series you will begin to understand that the current tax policy, or should I say scheme, is more about redistribution of wealth than maximizing tax revenues to the treasury.  One of the things our civil servants never seem to learn is the fact that their policies and laws change peoples behavior and Dr. Laffer has done a top notch job demonstrating this fact.

Tax Scheme is Changing Behavior

Many of you that are small business owners have expressed to me over the past several months the uphill battle you are facing.  Tightening lines of credit along with increasing fees, regulations, and taxes at all levels.  All of these things summed together are having a negative impact on economic productivity.  Many of you are sending more money to the state and federal coffers instead of using that money to purchase more inventory or hire additional employees.  The politicians and tax authorities are so desperate for money that they seem to be willing to kill the goose that lays the golden eggs.

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Great video detailing the history of money and the role of the Federal Reserve

Entrepreneur Launches New iPhone App

Shannon Taggart tells us how he came up with the idea for the latest iPhone application.  Smart phone applications continue to be developed by entrepreneurs at a rapid pace so tune in and see how you can utilize online marketing to promote your own smart phone application.

Small Business Marketing at its Best

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Managing People

I’m going to make many of you mad right from the start.  As managers of people most of you are TERRIBLE!

I’ve worked for enough people over the years to recognize the symptoms.  The boss or the owner starts bitching about how so and so is not doing their job and they are not getting anything done in a timely manner, or they keep making mistake after mistake.

Read Complete Post »

Free Advertising

There is no such thing as a free lunch we’ve been told.  However, I think I may have found the next best thing for your business and that is FREE Advertising.  Yes, you read it correctly.

Free Lunch Anyone?

We are living in a world in which new technologies are emerging everyday that we can use to make our lives better.  One of these is a a service offered by GeoGraffiti.  The service allows you to create what they have coined ‘VoiceMarks“.  These VoiceMarks can also be linked to your Twitter account.  Sign up with GeoGraffiti and start recording your VoiceMarks to promote your business products and services because it is FREE.  Read the GeoGraffiti press release here. Read Complete Post »

Michigan Governor and Legislators on the Take

Here is another example of the corruption in Michigan in which there appears to be collusion between law makers, the governor, and a union that has forced day care providers into their organized crime ring.

Every time we turn around in Michigan there is just one more thing that works against the average hard working business owner.  We need to get rid of ALL the rotten apples or we will never get this problem fixed.

This is just another example of what I’m talking about when I say “small business is under attack from big government and big business” or in this case, a union.

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Gun Control with Ted Nugent

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