Dennis
Senior Heliman
Location: Oregon
My Posts This: Topic Forum | | Quote |
| another "victim" thanks to the BHO administration?
|
Lots of blame to go around. I will start with myself for running up some serious bills in the interest of keeping inventory up for the benefit of cash flow. That was from the beginning of 2008 until the big crash in Oct/Nov 2008. At that time (end 0f 2008), sales dropped by 80% from the same period the prior year in 2007. Then, it was downhill from there as we had to make payments on those bills created throughout 2008 until the end of that years business. So, we could not refresh inventory because of lack of sales and cash flow. We had to pay those bills. By the time we reached the middle of this year, sales dropped by 95% from this previous year because critical parts were no longer in stock. That did it.
So, yeah, I could blame politics on it and piss and whine about it until the end of time. But, then that would relieve me from my responsibility of not looking ahead with open eyes. Nope, I can only blame myself in this.
Moral of the story: Pay As You Go. No More. Keep Credit To Zero.
Sometimes, you get the bear. Sometimes, the bear gets you. Thats life.
Hopefully, others will ride out the crunch and make it by the seat of their pants. Best of luck to any small business in this climate.
 |
