Ok, let me give you an example of why I am so dug in with my paranoia.. In the early 70’s when I was just trotting along with a fast growing business, I tried to introduce a bonus plan for my employees..
At the time we were still small enough that all of my locations were local, meaning in Texas, most in Houston, so we held an annual meeting.. At one of the meeting I asked if the group wanted an annual bonus, dependent on profits, or a tenured raise.. I explained that we had planned expansions and that would bring in much more revenue, but major expenses, and RISKS..
The vote was almost unanimous, except for the accounting dept.. They chose the BONUSES.. Well, bring on Carter, and gas lines, and high interest rates and slower economy, so the bonuses were reduced to a fraction of the past.. They almost walked off the job, and none of them were happy..
I discovered that once you give someone a gift, and they learn to expect it, even though you can no longer afford it you can’t ever take it back.. NEVER!
Those that were disgruntled kept everyone stirred up until they left or were fired.. None of them improved their position by leaving, and they didn’t appreciate my position until they worked elsewhere.. I hated to fire so many, but it kept the company viable for 20 more years until I retired..
After that fiasco, I always did what was the more prudent method to set financial as well as payroll decisions..
Methinks the fat lady is going to sing. When, I don't know. A Romney win may have slowed it down, but Congress makes the laws, and the senate is now 55-45 Rat.
An old saying is to think globally, and act locally. Time to prepare. Get your stores in order, logistics, commo, and do some training (i.e. physical, range, etc.).
Unfortunately, we don't have much time.
5.56mm