As a small business owner and founder of The Stock Dork, Adam Garcia looks forward to President Donald Trump enacting economic policies that can benefit entrepreneurs.
“I understand the effects that economic policies will have on the growth of a company,” Garcia said. “I agree with Trump’s proposed tax cuts, less regulation and regulation of tariff policies, as they benefit many small businesses like mine.”
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GOBankingRates spoke further with Garcia about how the President’s economic policies will benefit his small business.
According to Garcia, reducing corporate tax liabilities has been one of the most important policies. When liabilities are reduced, Garcia said small businesses have more money available to reinvest in companies that will allow them to grow.
“For example, the first thing I did with the spare funds from my reduced tax rate was to increase The Stock Dork’s educational materials so that I could attract a larger audience and feed their interest in financial education, ” says Garcia.
“This reinvestment improved operational efficiency and opened up new business opportunities allowing us to offer premium services. Growing these initiatives would be more difficult without my tax savings.”
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According to Garcia, deregulation is another sector in which Trump’s policies would add net worth.
“Reducing the number of constraints placed on a business allowed me to spend more time on my plans and less time on The Stock Dork’s administrative functions, which allowed the company to remain competitive,” Garcia said.
“For example, some of the more advanced reporting techniques allowed resources previously allocated for administrative purposes to be redirected to the creation of new investment guides in the form of videos. Such responsiveness is necessary in a fast-paced market.”
“Although fees are usually controversial, they have had a negative but ultimately affordable effect on my business,” Garcia explained. “Implementation of tariffs on some products increased the costs of some imports while focusing on building domestic industries, which has benefited small businesses in the long run.
For The Stock Dork, this translated into engaging local suppliers and content creators, which reduced the dependence of US businesses on overseas suppliers and facilitated community relations, while increasing the perception of corporations supporting local talent.