Small business owner answers questions..

[RoofTop]

I have an established company that employees 15 full time employees. Ask any questions as it relates to the economy.

 

[DENIRO]

out of your 15 employees, how many will be helped and relieved that their over 100k balance in their bank accounts will be safe since the fdic will secure over 250 k.


also- are you a roofer?

 

[RoofTop]

Not counting myself; I would guess none. The only savings account these guys have is their 401K's. I match 50% on the dollar, no limit. I usually give them their statement every quarter, but have quitely filed them away over the last few quarters. I think 75% will blame me for their amounts going down.

 

[DENIRO]

does most of your employees live paycheck to paycheck like the majority of the population.

with the drastic increase in gas, food prices, credit card fees and interest, energy bills totalling over $250(minimum) extra each month compared to year ago, will most of your employees go broke.

*****this housing foreclosure crisis will be childsplay compared to the avalanche of personal bankrupties in the coming years*******

 

[RoofTop]

All live paycheck to paycheck. I don't know about them going broke but I do know that 5 have declared bankruptcy in the past. I would guess that 3 out of 15 would declare in the next 12 months.

 

[Dave007inVegas]

What type of business do you own?

 

[Uno]

who do you plan to vote for and why in regards to your business?

 

[Willie99]

if you are forced to increase employee benefits, will you lay people off to prevent your own income from decreasing?

 

[DarrylParsons]

Is it harder for you to get credit now than, say, 6 months ago? If so, by a lot or just a bit?

 

[RoofTop]

What type of business do you own?

construction

 

[RoofTop]

who do you plan to vote for and why in regards to your business?

undecided; I think we're screwed either way

 

[RoofTop]

if you are forced to increase employee benefits, will you lay people off to prevent your own income from decreasing?

we offer health care (I pay 2/3) and 401K. Health care has 30% enrolled, 401K has 60% enrolled. If I drop either one of these I might as well close the doors. To answer your question, No

 

[RoofTop]

Is it harder for you to get credit now than, say, 6 months ago? If so, by a lot or just a bit?

Do not have any debt; would not be a problem to get funds if I needed them