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Our next guest a self made billionaire who sold I was pet food to Procter & Gamble back in 1999.
He's not turning his energy to teaching others about entrepreneurship claim the -- is the founder of the Taylor on school in Dayton Ohio which -- work to help over 3000 small businesses today is also the author of run your business don't let it run you clay thank you for being with us and there we always follow the data coming from the NFIB -- -- in what what -- tells about small businesses and business owners -- they're scared they're frustrated they're at their sales are coming in they're worried about the economy they're not hiring.
What advice would you give to the small this is on the right now.
Well I all -- the small business owners -- always been optimistic.
I think that that I -- I would tell them to be optimistic look for opportunities.
It's it's not a it's not off everything is not bad out there.
There some good news it does tend to move up and down.
But we tell -- to be optimistic look for opportunities within your markets look for opportunities to improve your product.
And it's amazing what can be done.
I was like to say that capitalism is optimism monetize -- the -- invest in new business unless you have hope that things are are are going well.
How big of an obstacle for the small businesses that you console to.
He's government regulation -- any levels it seems like there's a more like a lot more of them in the work ten years ago there are.
They're they're definitely more however I grew up in the seventy's show I started in his seventies and we a lot of regulations in those days you probably don't remember that our round.
But we have.
And you know we've.
It's been been uninteresting and.
What it well and I think that we're seeing a bit and that to pick up -- -- has -- about regulation whether it's state or federal.
Is also the issue of health care what -- horrible character obamacare -- well.
Missed call misses are are either -- -- go -- employees or -- gonna keep themselves under that fifty threshold.
You can't grow a business though if you don't have the talent that yet they're afraid.
Of the president's health care a lot they're gonna ask you this -- shore at your school.
Well I think they've gotten -- I think they're more confused -- they are afraid.
I think you're always afraid of things you don't understand.
And we don't really think they fully understand the impact of obamacare.
And we've been providing some opportunities for them to learn from people who are experts on health care field.
That's at least we can do -- to help them to deal with the problem so I understand the problem what do the experts tell.
Well I don't know we just started that process of of putting it together but I have they would they would tell me again that you don't that's the law -- something where I have to have been here too.
Here -- the best practices.
Within this and these are the things we recommend if you're sitting here talking to present Obama's administration.
What -- the most important one or two things.
That they should know about small business -- for north.
Respect beyond -- -- -- -- People who.
Who put their capital -- -- to create jobs for others that's one of them most moral things you can do and free society.
A Cinderella you didn't build that -- -- big debate about that and then -- did her little.
But on the other hand -- you know I'm not sure whether it was.
Taken out of context or whether was in fact how he really felt.
You know one of the things that you -- but I think that she's a great voice all of this -- you took a regional.
You know company a pet food company you love animals you were just saying -- genocide but amicable as well.
He took that company and you building sold to Procter & Gamble for billions of dollars as you look back.
On that process for you do you know 1020 years ago do you think that that's still a possibility for someone that starting out now.
Absolutely I don't think this is a bad time to start a business I think we have problems today and problems we didn't have when I got involved.
On the other hand we don't have point 2% interest rates like we had in 1975.
To know when I tried to borrow my first million dollars so the most successful congressman started the very worst of times is people got fired from some job couldn't -- and decided to go out on their don't have tell stroke but the back to school -- what Enron goes there was -- basically we've taken this this concept of professional management which we didn't invent.
And that and a management system that we use -- -- and we share with others.
And it's been very success.
And -- was itself a successful Brandon Phillips today that the company created a kind of still think you very much a thank you look at the mom dad and my citizens well and I thank you for having me okay.
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