On Dirty Secrets of Small Business, Jack Mencini and Adam Sonnhalter of Maximum Value Partners debunk the myth that small business owners shouldn’t make time for politics. Too often, the small business owner says they are too busy running their business to be bothered to be involved with politics. That is just an excuse!
According to Jack, “politics affects small businesses with regulations that can incrementally eat away at them.” A new law or new regulation need to be evaluated and there needs to be a voice from the small business owner that is good or bad for their business and other small businesses.
As an example, Adam talks about the discussion to increase minimum wage. If folks don’t push back on things and take an interest in politics, policies will come to reality that will have an impact to small businesses. Is increasing minimum wage good for your business? If not, get involved so that your voice is heard.
How do small businesses fight the big machine out there? Start at the local level with the area Chamber of Commerce and look to make time and be involved locally to start making an impact. Plan, Direct and Control your company for sustaining profits and make time to do more to learn about policies coming up to be educated about candidates you want to back.
In reality… Small business owners need to make time to be involved in politics for the health and well being of their business.