Staying ahead of the inflation threat
Posted on November 19, 2009 at 12:29 pmJeff Cornwall says entrepreneurs shouldn’t be afraid to implement frequent small price increases. Playing it safe now and trying to catch up later won’t work.
There is never a smooth and orderly increase in prices for every business in the economy and small businesses often suffer the most. If you have big suppliers and/or customers they can tie your hands. Your costs go up, but you are unable to pass along these costs with higher prices. One of the added costs we now have to worry about is increased taxes. This is a real cost to entrepreneurs and cannot be ignored as a part of inflationary costs.
permalink | Comment on this post
Red tape worries
Posted on November 12, 2009 at 11:18 am
Jeff Cornwall relays a study about small business owners’ top worries which shows that — despite the crummy economy, the credit crunch and all the other fallout from the housing bust — dealing with government regulations is by easily entrepreneurs’ biggest headache. And to think government spending has risen by 76 percent this decade…
permalink | Comment on this post
A lack of regulation? Phooey
Posted on November 11, 2009 at 10:10 amJeff Cornwall passes along a link to the latest Regulators’ Budget Report, which looks into the rise in spending on government regulation, a trend that started during the Bush administration and shows little sign of slowing — or of promoting entrepreneurship and job creation.
permalink | Comment on this post
Where the jobs will have to come from
Posted on October 5, 2009 at 9:52 amBelmont professor Jeff Cornwall says entrepreneurs will — as they have before — be the driving force behind a true recovery, one that really makes a dent in our painfully high unemployment rate.
So all we need is government to do more, and we will be OK? Sorry, neither big government nor big corporations feeding at the government trough have ever brought us out of a recession and into a sustainable recovery.
permalink | Comment on this post
Small biz doesn’t need the help
Posted on March 17, 2009 at 8:20 amJeff Cornwall says the Obama administration’s plan to pump credit to small businesses might not be in everyone’s best interest.
The last time the government pushed bad debt on us we ended up with a real estate bubble pumped up in large part by the subprime lending that banks issued due to intense government pressures.
SEE ALSO: Time to help small biz
permalink | Comment on this post
Chin up, entrepreneur
Posted on March 11, 2009 at 9:38 amJeff Cornwall passes on poll results that suggest a good number of companies are hangin’ in there just fine.
permalink | Comment on this post
A bunch of economists walk into a blogging convention…
Posted on February 27, 2009 at 1:43 pmThe Kauffman Foundation is bringing together economic bloggers from around the nation. Among them is Belmont professor Jeff Cornwall, author of The Entrepreneurial Mind.
On the other hand, Robert X. Cringely, a blogging pioneer, says the typical impact [of blogs on public policy] is far less dramatic. “It annoys public policymakers and, to a certain extent, makes them think,” says Cringely, “but I think the effect is still muted and the general press has the most impact — for now.”
permalink | Comment on this post
Do unemployment benefits hurt the economy?
Posted on February 10, 2009 at 4:53 pmJeff Cornwall says yes:
Are unemployment benefits bad? Koellinger and Minniti’s position is that unemployment benefits are important, but governments and voters should take the indirect costs of these benefits into account when deciding how generous they want their unemployment benefits to be. I agree. The unintended consequences may leave us much worse off over the intermediate and long term.
Recessions tend to foster entrepreneurs, albeit some of them more “accidental” entrepreneurs than others. We may be greatly reducing the number of these new ventures during the current recession through expansion of unemployment benefits.
permalink | Comment on this post
The relentless power of innovation
Posted on January 11, 2009 at 2:45 pmJeff Cornwall relays the thoughts of top venture capitalist Tim Draper, who sees the current downturn spurring the same type of advances as past ones — if our society doesn’t keep drifting leftward.
He does worry that the current drift toward socialism is hurting America. He sees the movement to socialism in America not only in our public policy, but in the language of our culture. “Opportunity” is being replaced by “entitlement”, “business solutions” by “government intervention”, ”earnings” by “rights”, “let losers die” by “bailout”, and “freedom” by “regulation.”
permalink | Comment on this post
Bootstrapping
Posted on December 8, 2008 at 11:06 amA Belmont professor gives a sneak peak at his new book:
What started out as a single chapter in our book Entrepreneurial Financial Management (second edition of this textbook is due out this spring), grew into a full book that is part of the new entrepreneurship series from Pearson/Prentice-Hall.
Recent Comments
In our good state a select few run the place, 20 yrs ago and today....
Southernindie…Unfortunat ely you have suffered a dibilitating...
And…Karl (Marx) Dean is spending one billion dollars...
Someone explain the difference between short stay and observation...
Watching the Chairman of Starwood Hotels yesterday on CNBC...
Funny how the Union’s feel about taxes. They complained about their...
Where is it?
An absolutely ugly structure, which I have always thought did not take...
Too bad that ATT changed the look of the building so that it no longer...
Yeah, well, look at the TN Legislature of good ol’ boys and the...
As long as the red rules, we will be far behind other states. The GOP does...
Nissan CEO Carlos Ghosn: I don’t know what...