The Finance Chiefs of 20 nations met over the weekend at the Pudong Shangri-la Hotel in Shanghai, China, and the result was no coordinated action. What does this mean for small business owners in the USA ? It means there will not be any policy action from the top to help us entrepreneurs at the bottom. While macro indicators and policy events may seem too far removed for us small business owners to be concerned with, the opposite is true, the policy set by the so called global elite does effect us in one way or another, many times there is a delayed reaction from the time the words are spoken to the time your small business would feel the effects of any new policies, so I am a firm believer of following both local and global trends for managing activities and expectations of my business and my clients.
With that said, remember the most influential factor of your businesses success is you and your local specifics, macro events could be viewed as a forward indicator because of the delay I spoke of in the above paragraph. If the G-20 were to pull out the 'bazooka' later this year with some coordinated action, it would be a few months after the announcement before the said policies would even come to fruition.
Running a small business is no small feat. That's why we've created a small business forum for expert insight, insider tips and the industry knowledge you need to see your small business grow.
Join our small community for expert insights, insider tips, and the industry knowledge you need to see your small business grow.Get Started Become A Member
Running a small business is no easy feat. That's why we've created a forum for small business ideas, insider tips and the industry knowledge you need to help your small business grow.
Now that you’re a member of the community, spice up your profile by adding photos, a custom avatar, information about your small busines, and much more.View Profile
There are no recent discussions
Ways to Make Your Search More Accurate
Most of the time, you just want to find content that has a particular phrase. Here are the easiest ways to find the content you want.