Loss of large accounts due to bankruptcy or merger can be difficult to surmount when buyers have panicked and pulled any new programs, not to mention being left holding the bag on outside expenditures in the high five figures due to a customer bankruptcy. Office space and equipment leases cost money whether there is anything coming in or not.
Lived all that, in 2008. Don't sling this motivational poster crap in my face. If I had tried to ride it out I would have been broke and a ward of the state or living under a bridge by now. As it stands, I'm holding my own, waiting to get back in and fight another day.
I agree.
Hubby has busted his hump for 17+ years but in the last 4 [gee..what *could* have happened since then?] we’ve watched our normal year-long waiting list dwindle to nothing.
He just finished his only kit order at brutally discounted prices and we are going to make hardly any profit.
People simply can’t afford even our low prices any more.
99% of our buyers are veterans and they’re terrified to make any moves for fear of cuts to their paychecks.
Just found out a friend of ours has left his desk duty post and is heading back to Afghanistan next month.
Not because he wants to [he’s been going there since the 90’s] but because battle pay is higher.
Wife and kids to support.
The Won has succeeded in crushing the small business people.
Only large chain stores remain open in my area.
All the ‘little guys’ are going or already gone.
Ironically, tonight as I waited in our 10 year old car for hubby to buy Super Glue to fix the reading glasses I can’t afford to replace, a 47%er mom and her kid frolicked out of the store loaded down with bags, wearing really nice new clothes I could never afford and hopped into their shiny late model Toyota 4Runner.
Don’t tell me we’re ‘failing’ for lack of any of the crap in that article.
And we still have to pay for the machine shop and all the equipment therein, even though it’s not making us any money, now.
The majority of businesses and people ‘failing’ right now are a direct result of The Won’s intentional slaughter of the “American Dream”.
When my company was dragging me towards BK years ago, I complained to an oilman from Odessa, TX.
He said, “Never discount luck. I have seen experienced, well-financed men fail. I have seen amateurs succeed. Keep swinging; you WILL hit the ball!”