February 1, 2010

Balancing the Budget

If your company's budget looked like this, would you be able to stay in business? I don't think so!

That's the reality of the national debt today. President Obama is scheduled to unveil the 2010 budget framework today, and while
CNN is saying that the deficit will rise to $3.8 trillion dollars there will be some long-awaited good news for small businesses. According to CNN.com businesses will be eligible for a $5,000 tax credit for every new hire in 2010. There may also be other tax incentives that are expected to push the price tag for the measures to over $33 billion dollars.

That said small and mid-sized businesses can benefit from bringing new talent into their organizations. Don't forget, your core infrastructure will have to be ready to handle the influx of new hires. If you don't have a teleworker program already in place you'll have to add office space, and consult with your trusted IT advisor about how the new growth will impact your network. Many companies have experienced growth only to end up without a clear plan or direction. Your IT infrastructure should be planned just as well as your other strategic planning. Take advantage of these benefits now because all too often the powers-that-be won't keep them around long!

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