Congress should employ basic small business principles to help balance the budget

Michelle Benjamin – CEO of Benjamin Enterprises

CEOatBEI

Click to View the Published Article in The Washington Post

Whether you are an entrepreneur just starting out or a seasoned small business owner, one of the most important parts of your business plan is creating and maintaining a budget.

Small business owners around the country are constantly keeping their budgets in check. So, Benjamin asks, why can’t Congress do the same? (Jay LaPrete – AP)Without a business plan and a budget, it is difficult for small business owners to gain financing, define their business or to properly market and grow their business. This seems to be a task that the federal government has either been unable or unwilling to complete. The last budget was passed in 2011, and the last balanced budget was passed in 2001.

If the federal government were a small business that had failed to balance its budget since 2001, it would have most likely gone out of business — not to mention having created a mountain of debt.

So what principles that small businesses live by daily could help to alleviate the problems currently being faced by the federal government?

Click to View the Published Article in The Washington Post