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While the Government is trying to show that it will support small firms through the economic downturn, its hands are tied in terms of tax breaks or grants, so where does that leave the person who wants to start up a small business in this economy?
Recent developments have enabled the European Investment Bank's ability to lend reasonably large sums (up to £4bn over four years in Britain) at low rates, a recent meeting of the government ministers announced.
Do you feel confident that the ministry will follow through and convince the banks to continue making loans? As a small business owner, or even a person thinking about doing so, are you more optimistic after this meeting?
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48
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07/11/08
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(7 of 7)
Re: The Economy And Small Business Start-ups
15-Nov-2008 12:50
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I don't think so. As much as I hate to say it, I think there needs to be some sort of clearly defined and enforceable rules or regulations that will effectively prevent or at least partially head off or delay the type of collapse as we see ourselves in now.
As Santayana so aptly observes, "Those who do not learn from history are doomed to repeat it."
Scott
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The most important thing is not to stop questioning
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Re: The Economy And Small Business Start-ups
13-Nov-2008 21:37
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Banks are forecasting that inflation will drop in the coming years. Due too possible deeper cuts in interest rates to boost inflation back up to an acceptable rate. Do you think this will be enough?
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Re: The Economy And Small Business Start-ups
11-Nov-2008 22:12
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> Do you see a successful, cooperative and vibrant true "global economy" in the future?
I really believe we already have that and had it before the Internet was so prevalent. But with the Internet, it brought it to a new level. So many countries are intertwined between their imports and exports, locations where products are manufactured, packaged, and shipped, and even the stock markets.
Of course there will probably always be exceptions to the rule: countries that do little exporting or importing or little enough that countries doing poorly or well elsewhere have little impact on them; or countries that others refuse to trade with. But for the most part, the world is a pretty small place now when it comes to business and the resulting global economy.
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Re: The Economy And Small Business Start-ups
11-Nov-2008 12:41
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The economies of all countries of the world seem to be getting more and more intertwined regardless of their relative success or lack thereof. Do you see a successful, cooperative and vibrant true "global economy" in the future?
ModeratorSG
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Re: The Economy And Small Business Start-ups
10-Nov-2008 13:14
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The international financial system is in a "night of uncertainty" Gordon Brown will say today when he uses his annual foreign policy speech to set out the five-point economic recovery plan he will put to other world leaders in Washington this weekend.
Brown's 5-point plan as world enters 'night of uncertainty'
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27/03/08
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Re: The Economy And Small Business Start-ups
04-Nov-2008 12:44
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Until we see an economic upswing, I would imagine that "free" money -- grants or tax breaks -- will be pretty scarce. Businesses in need of capital may do wisely to take advantage of loans while they can!
ModeratorSG
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The Economy And Small Business Start-ups
03-Nov-2008 17:42
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While the Government is trying to show that it will support small firms through the economic downturn, its hands are tied in terms of tax breaks or grants, so where does that leave the person who wants to start up a small business in this economy?
Recent developments have enabled the European Investment Bank's ability to lend reasonably large sums (up to £4bn over four years in Britain) at low rates, a recent meeting of the government ministers announced.
Do you feel confident that the ministry will follow through and convince the banks to continue making loans? As a small business owner, or even a person thinking about doing so, are you more optimistic after this meeting?
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