Well, as we all know President Obama was reelected on November 6, 2012. Actually he made history again because unemployment is over 8%, and that hasn’t been done since the Great Depression. Many folks on Wall Street were discussing the implications of the reelection of the Obama Administration just the day after; on November 7, 2012. Many of the CEOs said; “well it is time to go to Plan B.” But what exactly does that mean, what is their Plan B, and is it even viable? Okay so let’s talk shall we?What if you run a small business and you don’t have a plan B; what do you do then? Can you handle four more years of the dismal economy? Even the Congressional Budget Office believes that we will go back into recession starting in 2013 due to severe federal budget cuts, and increased taxation on those who make more than $250,000 a year, along with the reduction of deductions for the middle class. In essence, everyone will be paying more money into the system therefore they will have less money to spend. This will affect small businesses and large businesses.Some small business owners are now saying that it is time to cash out, retire early, and take what they have left and get out of Dodge. Basically; “take the money and run.” Unfortunately, as they do this and more and more small businesses close because they cannot handle another recession, that means a huge number of people will be without jobs. Two-thirds of our population are employed by small businesses. Even only a day after the election, I was amazed at how many companies had announced job layoffs.Apparently they didn’t want to do this before the election because it might be seen as political. Of course, if they had, maybe President Obama wouldn’t have been reelected, and therefore they wouldn’t need a plan B to make it through the hardships ahead which our economy is going to have to weather regardless of the fact that we already have holes in the hull of the ship. If you don’t have a plan B yet, you certainly need to get one. How are you going to survive another four years of a dismally performing economy?As Mitt Romney gave his concession speech, he asked Americans to pray for the Obama Administration, and to try and hire as many people as they could. Well, it’s hard to say if anyone will take either of those pieces of advice, as most business owners are worried about even staying in business much less hiring anyone. Indeed I hope you will please consider all this and think on it.