- September 27, 2021
- Posted by: Stratford Team
- Category: Business
Here we go again.
Just as in 2019, 2018, 2013, 1996, 1995 and three other times since 1980, Washington is facing yet another shutdown. The reason is usually the same: haggling over the budget and how much the government is spending and unless the Senate can agree on raising the government’s debt limit – which doesn’t look too likely at the time of this writing – the federal government will once again be forced to stop most of its operations.
So what does this mean for small businesses? Well, we do have some history here, and because of that, we know that there will be some companies that will be affected. For example, many small firms that do business – indirectly or directly – with the federal government will see their cash flow dry up, at least temporarily.
That’s because a shutdown puts a stop to most payments due under federal contracts. So if you’re doing work directly for the federal government or you’re a subcontractor in a federally…