Help me save small businesses

Small Business Owners are in Debt

Do you think one post can make a difference? I do. Theoretically, if THIS POST was shared with every small business owner in the country, it would quite literally change our national economy very quickly. The problem, however is that won't happen. In fact, most of you will not even read to the end, and even less will share it. What if you, with 9.5M followers helped spread the word? What if small businesses (which drive our entire economy) got the attention of large corporations? That won't happen either. The issue is that those people, with the wide reach, DO NOT CARE about small businesses because they're not buying the national ads or lobbying congress to protect their interests. So we'll keep trying to save small businesses one at a time. J. Galt has helped 43,000+ small business so far, and our efforts are adding hundreds more each month. Eventually, the things we're teaching small business owners will be the norm, and J. Galt will be a household name, because most businesses will not survive without learning from Wall Street and the "too big to fail" corporations. Small businesses will have to adapt and what we teach is the solution. Well, what percentage of the debt referenced in this article do you think are small business owners trying to fund their businesses with personal credit cards and lines, home equity loans, second mortgages, high interest predatory loans, etc.? I assure you, small businesses debts account for MOST of it! We all now about the next iPhone months in advance, even if you have no interest in it. On the other hand. do you know what it takes for the small business next door to buy a new truck, or just keep the doors open? Nope. Because small business owners can't afford to pay to have it forced down your throat. Nor do they care to. They just want to pay their employees and not lose their home. That's the reality of it. The problem is, this is a losing battle by design. We can't have small businesses with the same resources as large corporations and investors. Sadly, without the proper guidance and planning, while big corporations have the capital to endure these times and anything that comes next, small businesses (which are 99% of all companies in the US) can not! According to the Board of Governors of the Federal Reserve System, more than 700,000 establishments closed in the second quarter of 2020 (left panel), accounting for nearly 3 million jobs (right panel) out of 20 million gross job losses occurring in that quarter. 700,000!! Keep in mind that's just a snapshot of April, May and June of 2020. How many major corporations failed due to Covid? ZERO!! Why, because ALL large corporations have access to millions in corporate credit to cover expenses, and they know the secrets, while 94% of small businesses do not. You may not be aware, but almost every small business is struggling right now. I talk to dozens every day. I know one thing is certain, If small businesses fail, OUR NATIONAL ECONOMY FAILS! According to the Bureau of Labor Statistics, approximately 20% of small businesses fail within their first year... The failure rate increases to 30% by the end of the second year... 50% by the fifth year... and 70% by the tenth year... Why? Because the owner simply runs out of money, and his local bank can no longer help. Banks only make money if they lend it, and once a person (and I stress PERSON) is maxed out, it's over. It is a system that is set-up for failure. I am on a mission to save small businesses and I'm asking for your help. It only takes a second to share this post and maybe, just maybe one small business owner in need may see it. As a client of, and now an agency owner with J. Galt, I can help every small business that's struggling. The challenge is how do we (the 600 or so people that make up J. Galt) get in front of every business owner? The answer is whatever it takes. Everyday all day. I'm only asking you to share this post, or get me in front of business owners while they still have a chance. We'll do the rest.