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Fastsigns International CEO Catherine Monson and Two Men and a Truck Chairwoman Melanie Bergeron on what is needed to improve the environment for smal...
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Gloom and doom here -- there is a bit of good news from the National Federation of Independent Businesses.
Their monthly small business optimism index rose slightly in August beating expectations.
But it is the -- -- for small business in the US is it really getting better joining me now are two women who know.
About creating jobs and running successful businesses -- months and is this CEO fast signs and Melanie burgers and perjure on sorry about that is chair of the moving company to man and a truck ladies.
Thank you so much for joining me right now.
Catherine I'm gonna start with you what you think about this idea that the NFIB says the optimism index rose to 92 point nine.
But it wasn't a nine month low last month our our small business owners.
Getting more optimistic what -- expects.
-- what I know about small business owners as we are optimistic by nature where the folks that are willing to take risks and and hire people and create jobs.
And so -- are very nature were optimistic.
I'm here in Washington DC today because I think we can make the the environment even better for small businesses and create new jobs.
If we just how little tax certainty on the horizon.
Yet Melanie do you agree with that -- by the way -- I -- that -- you're right about that in order to be to run a small business you have to have both courage and optimism here right about that.
Melanie what do you think are our small business owners getting more optimistic right now.
Well yeah.
It's hard to say we as -- and said we're here at a Capitol Hill got 400 franchise or is franchisees out there and on 120 my own -- -- -- out there talking to.
Elected officials that there.
While our sales are great and on people are moving and things look optimistic there is the uncertainty.
The tech situation on most franchisees our escorts -- LLC's.
And sell.
Depending on the decisions made the sales angle rates in their personal income statement while it may make them look wealthy.
For small business owners that meant money is going rate back into investment paying off debt buying assets.
So there that there is some fear -- -- Growing and expanding and hiring until they know our.
If the tax rates will be this will go further.
-- is you want certainty is that a code word for saying you walk lower taxes because that's -- sat at the accusation that sometimes comes along is it that you want certainty.
Or that you needed to be lower.
Well Melissa certainty is certainly very important but we're gonna manage our business is based on what we know about the future in three and a half months from now we don't even know what our taxes are gonna be but I guarantee you.
What you in sense you get more have been lower taxes law allows small business owners to reinvest in their businesses expand hire new employees.
I personally know a dozen people who want to open fast -- locations today.
But are afraid because of the uncertainty they don't know what they're gonna pay in taxes they don't know with the environment is going to be like.
So the message it -- taking on Capitol Hill today is.
Things are good for franchising.
Franchising has over 825000.
Units in the US employing almost eighteen million people in the accounting for one out of -- private sector jobs but we could create more jobs.
If we had lower taxes and a better business climate we know that we can create more jobs every franchise it opens.
-- -- on average fifteen new jobs and jobs is what this economy needs.
Melanie do you agreement that will have a couple seconds left.
Absolutely -- -- robust before 08 and we've been up and down -- now going forward up one point 5% sort of franchising industry has.
-- 111000.
New on establishments and most -- -- -- open it creates an average fifteen jobs.
So -- looking better but there is uncertainty going forward.
Ladies think he's -- -- yes ladies thank you so much for joining us today we appreciate your insight because you are right there in the trenches -- yeah.
Thank you you don't want.
