Dr. Cornwall offers up an assessment of the mind-set of the entrepreneurs and the other small business owners with whom he crosses paths. Just a warning: it's not overly optimistic.
Frank Espich/The Indianapolis Star/AP
We have been reading reports that the recession is over and that the economy is on the mend. I can assure you that for most small-business owners that we talk to at MultiFunding, this is far from the case. Many are still reeling from the recession and struggling to catch up. Working capital is a fight. Banks are not easy to deal with, and fair loans are tough to come by. If you own a retail or service business, it is even harder.
This is the same thing I am seeing among our alumni entrepreneurs and the many other small business owners with whom I cross paths. This recession is far from over and I see very little hope for a recovery any time soon.
Both candidates for President give lip service to entrepreneurs, but neither have a very good track record. One distrusts free markets and views bigger government, more regulation, and higher taxes as the solution for whatever ails us. The other has a history of using bigger government and cozying up to big corporations for his favorite bag of tricks.
Thank goodness for the resiliency of entrepreneurs in this country! They are going to need it!