Quote:
Originally Posted by dyna mo
closing a profitable business because of future wage challenges isn't savvy. that's giving up without trying. there's absolutely nothing to lose by trying ideas to deal with the wasge increase. putting out those sorts of fires is what being a business owner is all about. starting a profitable venture is exponentially more difficult and risky than trying to work with one that is already profitable and then if you can't figure it out, then close it. well, no, actually, then try and sell it, which is the weirdest part of the silly article in the OP, as if those restaurant owners aren't going to try to sell their profitable operations? they're just going to close up and walk away because of what might have not worked out on the accounting. right.
closing a business that is not profitable due to a downturn is another matter and not a part of the OP article.
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you guys make it sound like there is something to "figure out"... you will magically "figure out" how to increase your sales by lets say 30% next month to cover the additional expenses?
in many businesses if things are not quite working right, you are LOSING $$ each month... not making less, but actually have to pull money out of your saving account to piss away, with little hope of ever getting it back...
so imagine you worked out the numbers and unless sales increase by 30% next month you will be out of $20k...
What solution do you propose for a business owner in that position?