Why Entrepreneurs Benefit from the Weak Dollar
I just read that more than 5 million people watch iCarly every week. And that more than 22 
million Kid Rock albums have been sold in this country alone. But I’m not going to take that as evidence that we’re a country on the way down. I understand that Allen Iverson made $29 million last year, which is $28,923,000 more than the highest-paid school teacher in Philadelphia. But that’s no reason to panic. And I’m not going to let the weakening dollar get me down. Yes, I read the papers. Yes, I see our greenback reaching new historic lows against other currencies on a daily basis. But I’m not upset about it.
Most small businesses buy products and services from local suppliers and sell products and services to locally based customers. Sure, we’ve been hearing about the evils of a weak dollar: how our purchasing power and prestige is diminished. How it’s become much more expensive to travel and buy stuff overseas. But if you’re a pizza shop owner, an architect, or a local electrician, none of these things really make a difference to your profits.
In fact, there’s some good news in the decline for smart entrepreneurs. Read full story:
