Hi, I am a small business owner, albeit small, I treat my business just as a large corporation would. The holding of cash reserves is one thing we
are doing to offset future problems, and yes we do see them coming.
I look at several things when I decide wether or not to make a large, but possibly unneeded item purchase. If I can get by without it, I do, why?
Because I suspect like many others out there that our future is very unstable at the moment.
Theres too much at stake for me to put my company in jeaprody, since it is one of the principal incomes for my family, I simply cant take the chance
that I might lose it. So I conserve what cash I have, purchasing only what I know I can use to increase the companies income. I havent hired any
employees, but I dont need them, so to do so would be a waste of money.
I provide goods, so I am in my own way stirring the economy, and since I sell something everyone needs, I stir it even more- I sell food, vegetables
to be exact, there are very few people who do not need what I supply, and there is always a market for my product.
As for the question about the change in business models. Yes we did see a big shift in business models in the 80's, it was the "me" generation after
all. But, I hated that, It broke the golden rule of business, " The customer is always right".
So in a effort to remedy that my business has returned to the "old" way of doing things. Customer service is KEY, its all about them. Presentation,
ambience, taste, looks, etc. Even delivery locations and times.
Its paid off with loyal customers, who return, and rave about our service to anyone who will listen.
edit on 11-10-2012 by Rossa because:
edit on 11-10-2012 by Rossa because: spelling again
edit on 11-10-2012 by Rossa because: wow my spelling was
way off tonight