James Jett Today. Com

My compelling reason for jointing my associates to start a business is to leave a legacy for my Grandchildren. My training, education and experience taught me that a family business can play a big part in keeping a family together. Since all my Grandchildren parents are in business or work at the level of supervisor or above, the opportunities not only seem possible but real.  Real, enough for me to review the information and make a decision.
Early last year I got a call asking me to get involved with a business effort that would total $2.5B over more than a  five or six years acquisition and construction periods. To prove that I was needed, the management company reviewed three years of accounting entries made in a paper ledger that had been transfer to a spread sheet and had to be transferred to electronic accounting system. Accountants in the tri-state area, quoted $34 to $50 thousand to complete the accounting transfer to the computer.
And each morning I would be present at the meeting to review the contracts in place and the companies under contract to determine if they would stay engaged once duties were transferred to our company. Terminating contracts would be the decision of the company funding our efforts.  We would merely make recommendation.
I agreed to complete the accounting work required to apply for financing. Once working capital was available we completed the application for the construction loans.  We obtained the construction loan and $15M in Stockholder Equity. With the funding in place, we, as small business men commenced working hard and smart to get the project shovel ready. To accomplish this we await the search for anyone that can claim ownership to the land once the project is underway.
With all systems on go, we were determined to maintain a schedule that would please any Project Engineer. Not to be, the world financial markets came tumbling down and we were out of operating funds. And told to get a Bridge Loan to continue the operation. Hopefully that application will be submitted soon and we can restart our efforts. Nothing from banks, yet, but we are talking to both banks and VC or Venture Capitalists.
Too little to help, is not valued like “too big to fail” the fact that small businesses create most of the jobs, means nothing, when the rich, greedy, powerful and owners of the elected officials, call this country feel compel to do what they are told or see a reduction in the donations.