But amid the chaos, one creative business owner is finding a way to capitalize – by helping people flee the state.
“I’ve tried to focus my business efforts on people’s true necessities,” notes Eric Cary.
A self-described “serial entrepreneur,” Cary operates as a licensed realtor that specializes in assisting private individuals and businesses to relocate out of the state of Maryland.
“The word has gotten around that we’ve gotten pretty crazy here in Maryland, to the point that we even tax the rain” he says (search “Maryland rain tax” for further details). “But people will always need places where they can live and operate their businesses, and that means that properties will always need to be bought and sold.”
Cary has owned and operated everything from information technology consultancies to automotive transport companies. As is the case for many entrepreneurs and small business owners, he admits to having professionally “re-created” himself many times, and he says that he tries to stay ahead of the curve when he sees change on the horizon.
But Cary doesn’t merely survey market trends as he navigates his business. Unlike many entrepreneurs, he also keeps a close eye on new and emerging government policies, and considers how they will impact his business going forward, as well.
“Consider the federal government’s ‘Cash for Clunkers’ program from a few years ago,” he says. “That may have been well intentioned, but it severely disrupted the new and used car markets. ” He also notes that it took a toll on his auto transport business.
“You have to pay attention to your city, state, and federal governments,” Cary notes. “Think, critically and ask yourself, ‘how is this going to impact my business? How will today’s policies impact future growth, or how might it cause my business to expand or contract? In some cases you have to speak up, and sometimes you need to tell people in the legislative bodies ‘no!.’”
But if Cary continues to be successful with getting people moved out of Maryland, will he eventually be the last one in the room who has to turn out the lights when he leaves?
“My plan is to expand outside of Maryland, but I’ll always keep a presence here” he says. “Maryland has become very business un-friendly as of late, but things will eventually change again. They have to.”