Get ready for mass business failures : Texas Startup Blog
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Get ready for mass business failures : Texas Startup Blog
1–10 of 18 posts
Re: Get ready for mass business failures : Texas Startup Blog
#2Get ready for mass predictions of the future based on conjecture.
Re: Get ready for mass business failures : Texas Startup Blog
#3Lovely, I am not really that negative a guy... But this post may lead you to believe I am...
Re: Get ready for mass business failures : Texas Startup Blog
#4Get ready for mass predictions of the future based on conjecture.
I was only referring to the practice by banks of freezing credit lines for small companies. This WILL create a snowball effect forcing companies to close their doors. We have to figure out a way to inject confidence in the credit system...
Re: Get ready for mass business failures : Texas Startup Blog
#5Get ready for mass predictions of the future based on conjecture.
I was only referring to the practice by banks of freezing credit lines for small companies. This WILL create a snowball effect forcing companies to close their doors. We have to figure out a way to inject confidence in the credit system...
You are right, some will have to close down.
In all fairness, they should have seen this coming and they should have had more cash on hand. Many businesses anticipated the downturn and started building cash reserves a year or two ago.
Re: Get ready for mass business failures : Texas Startup Blog
#6Alex Muse is a moron.
No, seriously.
Re: Get ready for mass business failures : Texas Startup Blog
#7"Who is to blame? We are - i.e. you and me"
This guy is so quick to judge, so quick to place blame on such a complicated issue. What a massive over-simplification on such a dynamic and complicated issue.
Re: Get ready for mass business failures : Texas Startup Blog
#8Loved this:
FTA:
In the 1970s the average size home was 1,400 square feet, today the average is over 2,300 square feet. Are we that much bigger?
Sadly, yes.
http://www.cdc.gov/nccdphp/dnpa/obesity/trend/maps/index.htm
Re: Get ready for mass business failures : Texas Startup Blog
#9Earlier quoted context omitted.
I was only referring to the practice by banks of freezing credit lines for small companies. This WILL create a snowball effect forcing companies to close their doors. We have to figure out a way to inject confidence in the credit system...
You are right, some will have to close down. In all fairness, they should have seen this coming and they should have had more cash on hand. Many businesses anticipated the downturn and started building cash reserves a year or two ago.
> In all fairness, they should have seen this coming and they should have had more cash on hand.
That may be true for existing business but that is a pretty harsh sentiment to apply to a business just starting out. It's pretty hard to save when you are just starting to grow revenues or when you are even earlier in your business cycle.
Re: Get ready for mass business failures : Texas Startup Blog
#10"Who is to blame? We are - i.e. you and me" This guy is so quick to judge, so quick to place blame on such a complicated issue. What a massive over-simplification on such a dynamic and complicated issue.
No kidding.
And just who exactly is he calling WE? I've worked like crazy to pay off my credit cards/loans and keep them paid off. I bought a house I could afford ( 20%). I've saved on my own as well as in my partially matched 401k. I have a 6 month emergency fund. Sure, this all means that I don't have a car and take public transportation- and my computer/stereo/tv/etc aren't brand new. But have those TINY sacrifices been worth it? Absolutely!
I am not we.
So explain to me why I should bail them out? Whey you've got things you can't afford, or you're a bank leveraged at 30 or 50 to 1, you are risking it all! When you lose it all, it's not exactly a shock to those of us that have been extra conservative with our money.