So, who's prepared for an economic slowdown?

[FB7777]

Bring it on!


I have zero debt, money in the bank and no shop expense cuz its a home based operation.


I'm not hearing price resistance too much, but if it becomes an issue for your company are you prepared to offer less expensive cleaning options to your customer base?

Rising fuel is going to have an across the board impact.


A couple years back, I was looking at a $700,000 shop space on a high traffic road so I could expand beyond 2 vans, I'm glad I didn't at this point.


We've been through a couple lower business cycles before but WTH is going to turn this one around?

What I envision is an over-all belt tightening due to more income being dedicated to basic living expenses.

 

[XTREME1]

No debt, lots of cash reserve and investments, 3 prime pieces of property plus my home and my kids tuition paid for college

 

[cory kenyon]

The sky isn't falling for crying out loud. If anything we're going to get busier. People won't go out and get new carpet, they'll get them cleaned. In fact they'll keep the old carpet and not get tile or wood floors. Think positive.

 

[Mikey P]

I've got a pallet of Mac and Soy cheese in my tool shed.

After I eat my kids and live in mother I'll start working on it.

 

[Desk Jockey]

I'll just pimp my wife and daughters, I should be a able to weather the storm as long as they don't get too tired! :shock:

 

[Jimmy L]

Spring will come and the herd will forget how bad it is and buy those big SUVEES and spend spen spend!

 

[The Great Oz]

Fred,
Now is the time to buy that property at a significantly lower price than it was offered at two years ago. It's what having money is for.

 

[Guest]

I'll just pimp my wife and daughters, I should be a able to weather the storm as long as they don't get too tired! :shock:

Send pics!!

 

[The Asian Sensation]

I'll just pimp my wife and daughters, I should be a able to weather the storm as long as they don't get too tired! :shock:[/quote



SHAME ON YOU CHAVEZ!!!!




]

 

[Desk Jockey]

What I supported them this long, now its there turn!
:roll:

 

[KevinL]

O Richard

Remember the movie about the rich guy offering the other guy $1,000,000 to sleep with his wife? I told my wife we could get there if she charged $20, fifty thousand times. lol. She didn't laugh.

 

[Becker]

No debt? As in no mortgage?

My house is about my only debt, but it is a big debt.


NO business debt, have not had any for years. I did have a note on a new van a couple of years ago for like 4 months.