Even though the economy is not in the best condition these days, Mercedes-Benz are still making sales. Their sales might not be as high as expected, as they claim they are "working-horizontally" but "working-horizontally" is a lot better than most companies are doing now days, at least they're not dipping as much as they could be. While Mercedes-Benz is hailed as a luxury car company,Dieter Zetsche is quick to state, "Our cars are never expensive." That statement might be a little odd to some, but to others, especially business owners big and small, it demonstrates value in the product, for those who would rather pay a premium for a better product, it's not the expense they're worried about. That being said, if you have a quality product or service that's deserving of a premium price, you shouldn't sell yourself short. It's important to be competitive in these days not only in price but of quality, but don't knock your price if someone's product of inferior quality is cheaper. If someone's looking for a quality product they will pay the quality price. Think about companies like Levi's, they've always kept their prices above the average price of store brands, but have never really taken a dive into the high-end market of denim lines, because they have a quality product that is worth every penny they sell it for, and the designer brands, they may sell like hot-cakes one day, but the next day no one even looks in their direction. Quality may result consumers having to buy less, but in the long run it secures that consumer loyalty. Think about the Mercedes-Benz owners, more than likely they're going to keep spending their dollars with Mercedes-Benz when it comes to purchasing a car. If you have a quality product that you need help starting a business around, give us a call at 866-999-8200, we can help you with forming & starting an LLC or incorporating online.
In another blow to small business in California, the program designed to help small business cope with the recession may be coming to an end. Budget problems with the state have forced government leaders to stop funding a program that is designed to help small business. These funds are then matched by the Federal government. Without these funds, there will be no match and therfore no help for small business in California.
The federal funding for the program is $12.5 million. Its not a lot of money in terms of the overal budget, but it is enough when matched to help small business to restructure themselves to better cope with the recession. All business has been suffering in California. California consumers are cutting back on discretionary spending. Consumers are not going out as often in order to save money. Business relies on these funds to better target their clients to ensure the businesses survival. Most of the companies that are hard hit are restaurants, movies, gyms, etc..
Small business is key for the economic recovery for California. The state can't rely on temporary job solutions but must work to keep these small businesses open.
We can help you protect your small business. Opening a corporation or opening a LLC will help protect your personal assets from a lawsuit.