Story of Business: competing for a future
Facing a slow economy and competition from India and China, Mike’s manufacturing business has struggled to survive. Mike has even personally guaranteed the company’s debt, putting everything he owns on the line.
Despite adversity, Mike has begun to hire new workers and recover. The only way he and the dozens of his employees have managed to stay afloat is by investing in capital that makes them more productive. But uncertainty from Washington and an ever-consuming tax structure is making it increasingly difficult to grow…
Watch Part 3 (see Part 1 & 2 farther down in this post) in our series “The Story of Business,” a joint project of Public Notice and the Small Business and Entrepreneurship Council. Please share on Facebook and Twitter by clicking the icons above.
More into pictures? Here’s a snapshot of what Mike talks about in the video. Click on the image below for an infographic breakdown of the hurdles to success Mike faces on a daily basis.
Below, check out Part 1, “Moving forward in uncertain times,” a story about a limestone crushing business’s future amidst the possibility of rising costs and ever-changing rules.
Part 2, “When costs compete with passion,” features Barb, owner of a small retail shop, explain that in an already difficult environment for small business, government-augmented uncertainty threatens to raise the cost of her retail business to unbearable levels.
And don’t miss our comedic take on the uncertainty problem, “Wait and See.”