Government Help

Government Help
August 26, 2018 Gary Shotton

A common request from business owners is help from their government to make things easier.   What should governments do to help?  by Gary Shotton #000229

Click Here to download in audio (.mp3 format)

Click Here to download in video (.mp4 format)

Government Help

By Gary Shotton

This text is in Extreme Rough draft and will be edited in the near future.

hello my name is Gary Shotton I’m here as a part of IBBTalks.com,  Inspiring Better Business and today we’re going to talk about the question why doesn’t the government help us government health you know I’ve been talking with groups in mostly in East Africa but developing nations and we try to answer tough questions and that’s one of the questions that has come up for years my travel why won’t the government give us some help we need some help man we could get started if the government would just do something to get us off going why don’t we get some help well I might bust that bubble or change your opinion when I talk about that so what the design of the government in my opinion has never been there has never been the purpose of the government to hand out money it’s not the purpose of the government to make business themselves they’re not gonna buy your goods unless they have a need for maybe some paper and they’re using paper in their offices sure they’re gonna buy some paper but they’re not gonna help you get started in that regard I have a lot of experience with this I have my dad was in a position to get government help I have had government help in the United States so I’m gonna talk about that when the government should really help but first of all I’m gonna have to in my opinion describe the role of the government what is the purpose of the government those officials that help the economy get better I do believe that there is responsibility and my analogy is this I’m holding here soccer ball it’s a very nice-looking football you had called it in most Western countries and you’re very familiar with the sport of football and I will tell you that the rules are pretty well the same all around the world that way we can play the World Cup tryouts in the World Cup playoffs from regions down to the final World Cup and I watched some of this this last year and you know the referees in that World Cup better know the rules paedon t they better know what’s offsides they better know what’s outta bounds they better know the details of so when something comes up they can call it correctly when there’s a foul when to give a yellow card when to give a red card those are things that things that referee should know but the referees should never touch the ball during play you know if a referee was in the wrong spot and the goal was was accidentally bounced off the referee and it didn’t go on the goal I mean we would have an uproar that referee probably better move out of the country because there’s gonna be some deaths from threats on that guy because he was in the wrong spot when it came to being a referee the referees goal is to keep the game rolling to keep the game moving forward – for everyone to obey the rules and then to enforce the rules fairly well that’s what your government should do they should never be in business they should never actually create a business environment that gives one person and advantage over the other you know if the government got involved handing out money to you where would it end how are you gonna get the end of this line that gave it to some people and not the other that would be like playing a game of football when the referee wasn’t being fair so the government is not designed to do that your government should be doing things that would help keep the playing field even keep the score the ability for you to score and keep it fair well we have some problems we know that in developing nations a lot of times we know that certain officials inside the government they get their chance it’s kind of like the rainy day fund you know they’ve been in government five years so they’re coming towards the end of the their term and I know this happens I know it has happened that boy they better empty the coffers they better take all the money they can because this was the part of the payout of them winning the election and being elected and serving for five years that’s not fair they should be paid a fair salary they should have some benefit a fair amount but never should they steal from the government that’s going to be a a downside for this whole thing so you got a push for that can I guarantee that won’t happen no but you know get in there and get some officials that understand business the other thing about that’s interesting about the request for funds from the government is that I’ve asked in a setting like this I said well you know you guys are wanting some help from the government how many of you pay or let me be fair here how many of the people that are in business do you think they pay a fair tax or do they have a double set of books oh we got into a little a little a sensitive spot when I asked that question and so I asked them okay don’t tell about yourself but I got that the answer that in one case well they figured maybe 20% paid their taxes fairly I know that taxes are not something I want to pay either but I pay my taxes fairly I other governors in the u.s. do in general pay their taxes fairly not everyone you can lie you can cheat but I don’t and as there’s mota many people don’t because there’s a code of ethics a code of honor and but the point in this discussion is how is the government gonna help you with money if the government is being cheated and doesn’t get the money that they are due for the services they render I want good roads I want a good school I want good electricity I want the water to run when I I want the police to call when I had when I when I need help you know those things cost money so let’s be honest about it let’s talk about the United States and we’re not perfect in this but I will talk about my dad just a little bit you know the debt my dad was a farmer and rancher and he was asked and had opportunity to participate in subsidy farm subsidies at different times they would pay to set aside land and he they would they never gave him money like it’s not like okay here’s just some money because you’re a farmer that the the idea was behind it that there’s many times alone I’m just gonna say here’s the kind of things a government it could be in a position to make loans guess what a loan must be paid back if you don’t pay back the loan you might go and be charged with a crime so your government could make clones well no how would they make the loans only if in our case that it’s done through an existing bank an existing bank handles the procedures they have follow the procedures so that the government is loaning money in essence through the existing bank because the existing bank is saying to to the potential business owner say you know your business is just absolutely too risky for me I can’t do that I’m afraid you won’t pay it back and the government says well no hold it just a second if they meet certain conditions maybe we could loan them some money and lower the amount of money that you as a business owner must put down by the way as a loan from the government or loans from a bank never is a hundred percent you must come up or I must come up with a percentage of the money needed for the project and I will tell you that most of the time the loans are not for operating expense that means just to pay the bills the loans are for things like a building that something likes a piece of equipment in the United States the loans only come after you could present three years of business experience that means you’ve got to get on the stick and make this thing happen without a loan to start with a startups are just not something people want to loan money for and so once you’ve got three years of experience you have some kind of a track record you’re able to pay your bills with the smaller scale then you might be able to apply for a loan through the bank that the government guarantees or helps with and then you could get have to put out less cash but you’ll still have to put always at least 10% that of the money for the project well I have had several assistance from my government for loans we call it a Small Business Administration loan and here’s how it works it’s called SBA Small Business Administration I had more than three years of experience in its most cases I had five to seven years of experience I wanted to buy some equipment I didn’t have enough money to buy the equipment which is fine I wanted to borrow the money to borrow that buy the equipment the typical loan in the u.s. would be that the wanting person borrowing the money would need to be able to put out 30% of the money needed for the equipment or the land but in this case the government said you know let’s just make it a 10% down in other words I just had to come up with 10% and there’s different ways that the bank visit but in essence I only came up with 10% instead of 30% so let’s say I needed $100,000 project man I don’t actually have $30,000 but I can come up with 10,000 and I have 10 3 to 5 years experience I have track record I have taxes I have my accounting and here we go well I hope this helps you I hope you understand that the government should be a part of your business I hope you have good governments I hope you have fair governments I hope your governments can can make a difference I hope you can have a good economy nationwide but it’s going to be affected by you as a business owner thanks for being a part of IBBTalks.com.  Inspiring Better Business, please share these we appreciate being a part of this
Gary Shotton on EmailGary Shotton on FacebookGary Shotton on LinkedinGary Shotton on Twitter
Gary Shotton
Founder | IBBTalks.com
The founder of IBBTalks.com which was formed to "Inspire Better Business."
As an astute businessman, he is passionate about helping others in the business world achieve maximum profits. He has a keen interest in international business. www.InspiringBetterBusiness.com

1 Comment

  1. Tim 2 years ago

    Probably this is the BEST video you have done, Mr. Shotton.

Leave a reply

Your email address will not be published. Required fields are marked *

*

Share This

Share This

Share this post with your friends!