In response to:

23% of Small Business Owners Report "No Pay for a Year"

Gray Ghost (Mississippi) Wrote: Jun 13, 2012 8:10 AM
I am also part of the 23 percent mentioned in this article. I have had to sell off assests and dip into my own pocket to keep my small consulting engineering firm going. And I own one of the lucky engineering firms. I personally know the owners of five consulting engineering firms in Mississippi who have had to shut down during the last year. Four more years of Obama will destroy my company.
Wally123 Wrote: Jun 13, 2012 9:23 AM
I hate to tell you this, but if Obama is re-elected it won't take four more years. More like one.

Citing a new survey by Citigroup, CNBC Reports All Work, No Pay for Some Small Business Owners.

Here are some interesting highlights.

  • Over the past few years, business owners report that they have, at one time or another, taken less profit (78 percent), worked more hours than usual (70 percent), and used their own money to help the business survive (69 percent).
  • 54 percent of respondents say they have gone without a paycheck in order to keep the business running.
  • 23 percent of owners have gone without pay for one year or more.
  • More than one-third of owners (38 percent)...
Related Tags: Small Business Business