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Bankruptcy trend among small firms stuns lenders
- Thread starter ByLoSellHi
- Start date
Quote from EMRGLOBAL:
The only companies going bankrupt are the ones that made poor business decisions.
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Ahh another Academic posting. Brillant!
Now sing along children:
Umm Umm Umm BARACK WHOISINSAINE OBAMA
I'm actually a Lincoln republican, but thanks.
Well I own two Karl, and one finances the other.
So I doubt I'd be trading without it.
Technically, most small businesses are jobs- Ask Michael Gerber, he wrote the book on it.
But given that small businesses create 90% of all jobs in north america, you'd think you'd have a wee little bit more respect.
It seems all the thought processes (if you want to call them that) on this chatboard are derivatives of a kind of 1980s Wall Street maschimo. Don't you ever wonder what you and your premeditated thoughts would be without that sort of buffer? (i.e would you even have an opinion?)
When the velocity of money slows down, so should your knee jerk reactive thinking about how people should run their businesses.
What businesses do you own?
So I doubt I'd be trading without it.
Technically, most small businesses are jobs- Ask Michael Gerber, he wrote the book on it.
But given that small businesses create 90% of all jobs in north america, you'd think you'd have a wee little bit more respect.
It seems all the thought processes (if you want to call them that) on this chatboard are derivatives of a kind of 1980s Wall Street maschimo. Don't you ever wonder what you and your premeditated thoughts would be without that sort of buffer? (i.e would you even have an opinion?)
When the velocity of money slows down, so should your knee jerk reactive thinking about how people should run their businesses.
What businesses do you own?
Quote from psytrade:
Well I own two Karl, and one finances the other.
So I doubt I'd be trading without it.
Technically, most small businesses are jobs- Ask Michael Gerber, he wrote the book on it.
But given that small businesses create 90% of all jobs in north america, you'd think you'd have a wee little bit more respect.
It seems all the thought processes (if you want to call them that) on this chatboard are derivatives of a kind of 1980s Wall Street maschimo. Don't you ever wonder what you and your premeditated thoughts would be without that sort of buffer? (i.e would you even have an opinion?)
When the velocity of money slows down, so should your knee jerk reactive thinking about how people should run their businesses.
What businesses do you own?
I can tell that you don't own any business and are full of shit. How do I know this?
....think you'd have a wee little bit more respect.
This is not emotional - none of my comments are. This is an empirical analysis of how capitalism, and by correlation small business, works.
When the velocity of money slows down, so should your knee jerk reactive thinking about how people should run their businesses.
Successful business owners understand that, as you so eloquently put it, the "velocity of money" will slow down. It always does. Successful business owners have this fact built into their business plans and not only survive it but take advantage of the market when it does occur. Please spare me the "well, everyone is affected" and "you can't plan for something like this", because we did, just like thousands of other businesses did.
What businesses do you own?
A software services company. For the record, we are a 100% debt-free. We have credit lines for emergencies(never used) and when we buy other companies we use cash.
Regards,
-KK
Quote from Sandybestdog:
Wow that has to rank up there with âmission accomplishedâ as one of the stupidest things ever said.
He is correct for the most part. Most of these small businesses are excess. Idiots who think they can run a business and then go finance it with excessive debt.
I pay close attention in the NY neighborhoods to the retail spaces. It's pretty obvious which businesses were never meant to exist long. Overpriced restaurants, lounges, boutique stores, random overpriced designer shops, etc.
Forget the actual business's finances. If your customer base relies on cheap credit to purchase from you, do you really think you have a sustainable revenue stream?
Quote from Covertibility:
This actually is a good thing as small businesses represent the market's inefficienies. Large companies with their economies of scale can provide goods and services at a lower cost basis than small businesses.
Better hope your way of viewing the world doesn't take hold with the FDA when it comes to orphan drug development.
Otherwise, it would be rather ironic for you to come down with some obscure, life-threatening disease that doesn't offer pharma sufficient "economy of scale" to develop a cure.