Small Business Owners' Message To President Obama

5:50 PM, Jan 15, 2014   |    comments
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GREENSBORO, N.C. - Small business owners listened closely to what President Barack Obama had to say during his visit to North Carolina, Wednesday.

In this economy, starting a new business is tough. At the Nussbaum Center for Entrepreneurship, small business owners had one key message for President Obama: simplify, simplify, simplify. Entrepreneurs say it's too complicated right now to get a new business off the ground.

Duncan Jones knew he was taking a risk when he decided to launch his own company, Aircraft Intelligence.

"The job that I was in was a great position. It was a super group. But, the opportunities that are ahead are only going to happen if you make it so," Jones said. "We are building the platform of an eBay, essentially, or a Kayak.com, that creates the platform for people to be able to buy and sell aircraft. When everybody tells you it takes more money and time than you anticipated, it's very true."

Scott Ferner recently joined the company, based at the Nussbaum Center.

"You have casual conversations in the hallway where there may be someone else that knows of a resource or a person that can help you with something," Ferner said.

Both men say they could use a little help from President Obama and other politicians in Washington.

"I think the biggest hurdle is the uncertainty that comes out of Washington, D.C. on the federal level. The tax code. The health insurance. The overall environment for business is extremely challenging," Jones said.

Ferner added, "Starting a small business is too complicated. It used to be that you could go down to the bank with a nice business plan and you might be able to get some funding for an opportunity. Those days are not here anymore."

They're not alone. The President and CEO of the Nussbaum Center, Sam Funchess, says it's a common concern, especially when it comes to health care reform.

"There literally are so many laws, you're breaking one every time you open your doors," Funchess said. "Right now, what's hurting us, is the pure uncertainty with the law. What is it going to provide? What impact is it going to have on the healthcare system? On the employers and on the employees?"

Aircraft Intelligence plans to launch its website by the end of the month. The two men said, despite the challenges, there are still more opportunities for small business owners in America than anywhere else in the world.

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