New post on: INC the Daily Resource for Entrepreneurs
Government stimulus: more danger than opportunity for small businesses? Obama’s $787 billion stimulus package offers a much-needed, near-term source of revenue and growth for small businesses. But companies are unsure of how to adapt their long-term goals and hiring needs to this temporary source of funding, reports the Wall Street Journal. Hinman Consulting Engineers, a San Francisco company that designs buildings to be bomb resistant is stretching its 22-person staff thin to meet the needs of three new projects financed by the stimulus package. But President Eve Hinman is afraid to bring on new staffers without knowing how long the growth period will last. What’s more, the specialized nature of these companies’ work makes it harder to hire untrained workers. Hinman, who learned her lesson about hiring too quickly when her company saw a rash of new contracts after 9/11, instead tapped adminstrative help to free up her engineers and improve efficiency.
Online Request for SBDC Counseling
