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Re: A deleted message

Wednesday, 03/14/2018 12:04:46 PM

Wednesday, March 14, 2018 12:04:46 PM

Post# of 98674
Agree, to convince banking issues as discussed its almost impossible to fully perceive it all unless you run a business and know how much value it is to have low interest when you constantly have to revolve credit for procurement of inventory, payroll, work comp, accounting, liability ins., SSI, FICA, property asset and equipment taxes, SID's, and infrastructure maintenance of all vehicles, machines, power, fuel, water, equipment and grounds keeping while you wait for receivables to come in to cover it all. Its wonderful to have a slush fund to cover that, but in today's world losing an account without laying off an employee can eat it up, just as easy as a liability claim without proper insurance. A guy that lived down the street from me had a huge sucessful tool making company with 500 employees, publicly held stock, making millions. The Chinese pirated all his design molds, hacked in and stole his customer database and started selling to all his customers. A couple months later sales started crashing, he didn't know why at the time, and figured it was just a short dip in orders. So he didn't lay anyone off. Wanting to not make anyone suffer a layoff blew out the 5 mill slush fund in just a few months. Low interest didn't help him :)
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