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More work, but no hiring
More work, but no hiring
Robert Pratt
Owner, Pratt Family Chiropractic
Pueblo, Colo.

I've been in business for 21 years and despite the state of the economy, my business is expanding. I purchased new equipment, am using new procedures, and have marketed myself correctly. I've grown 50% in last five to six months. But there are a lot of unknowns ahead, and there will be changes in Washington that could really impact me, such as how I will be taxed.

Some years I do really well, and I use what I earn during those years to help cover costs during slower years. All it takes is bad press about a chiropractor or a mistake in the phone book for my business to really take a hit. Having experienced this, and knowing that I might get killed with taxes because this has been a good year, I'm holding off on hiring.

Bringing on another employee doesn't mean simply adding them to payroll - I have to pay taxes on their wages and provide insurance, which is a big risk considering all the uncertainty ahead. And because the business is doing well, I am having to ask my current staff of three pull more weight to keep us growing.

NEXT: Rising costs and offshore rivals

LAST UPDATE: Jan 29 2009 | 2:34 PM ET
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