You're watching...
Go Daddy CEO Warren Adelman on the outlook for small business growth and its impact on the economy.
Also in this playlist...
Auto-advance: ON
Auto-advance
This transcript is automatically generated
Well the White House's budget could be a business roadblock the nonpartisan Congressional Budget Office saying the president's.
2013 budget will hurt the economy by running up huge deficits over the next ten years.
And making it harder for companies to get cash to expand to the guy now who's business.
Start -- go to the start up godaddy CEO Warren Adelman.
With me now -- good to see a factor -- you actually GoDaddy is involved.
In the beginnings of hundreds if not thousands of small businesses how are they doing what what what can you tell us about the start -- these days.
Well maybe I can bring some good news has that been listening to the news the last few minutes I mean happily small businesses continue to start and grow.
Last year if you look at our growth we grew over 20%.
Year over year to over one point -- 139 billion in sales.
-- on the support of small businesses creating and building their businesses and actually ended the year with over ten million small primarily small businesses.
As part of our customer base so.
They continue to grow and frankly the Internet is making it easier for them to grow and grow more quickly and reach more customers so we're seeing.
A positive note in the continued start up of companies you know we passed.
52 million domains under management pool which is really a proxy for for small business growth and continued to the new domain about every -- point seven seconds.
This is good news and it is good to counterbalance some of the bad as good as but we did have this report out by the CBO today Congressional Budget Office it's a neutral organization.
They looked at president -- Obama's budget and and saw that if we did use that budget for the next ten years.
Our economy would be losing money by the -- -- -- -- -- because this deficit would be dragging our economy -- are you worried.
About the drag on the economy from the deficit from always.
Free spending politicians.
-- -- you know where we're always sensitive to what's transpiring on the macroeconomic level that could impact small business starts and small and entrepreneur -- You know if we look historically small businesses have been.
The engine of development that continues to be the case the engine of growth.
Is small business we think the Internet accelerates that capability and frankly we think the best thing -- the government can do is stay out of their way.
Well Bob Parsons your predecessor was never shy about criticizing not only governor general but particular politicians.
As you know Bob Parsons guys founded -- former marine -- He.
In DC.
Well you know listen I think they said the best thing that -- government can do is they get roadblocks -- the way of small businesses small business starts.
Entrepreneur were is and and that that helps entrepreneurs start their businesses so I think if if they all thought about what was happening in their districts.
And the roadblocks that are put in place to a new business starts we'd all be better off.
I thought you're gonna say we should put roadblocks around Washington DC maybe change the beltway don't -- big roadblock prevent anybody from getting inside or.
Getting outside for that matter Warren -- great to see well you know yeah go ahead good to see you.
I spoke with senator some time ago and does somebody was complaining to him about.
The time -- and the lack of time that the senate and congress actually spent in Washington working on issues and and his comment was.
The last thing you want is for us to spend a lot of time in Washington legislative himself couldn't agree you know -- -- in the hands.
Absolutely that's right on ice drives them when there is it when trouble look better as far as arms are Warren Adelman godaddy.com good to see Warren thanks very much -- just.
