No Profits This Year
A lot of people I talk to tell me "We're not going to make any money this year but we're surviving". Now, things could turn upwards in the 2nd half of the year to change that. Or, automotive business could plummet even more and further drag things down. But survival is the name of the game right now. And, as I have said for months, the companies who are doing a little bit better than average seem to be the ones hiring away salespeople from the competition or else they are wrestling away business from the competition. Be diligent.
Wish someone would buy us here in Canada ont other plant closing at Ingersoll Fasteners.To bad that was good place to work at and near the 401 too.
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Yeah, I wish you luck on that subject. That is a big closing and I wonder if we will begin to hear of others. Still, there is some life out there. It is just that the breathing is very hard to hear.
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There's plenty of bad news to go around. I'm trying to focus on not freaking out (not easy) and on making sure I am providing to my customers what they value. I know it's kind of corny and simplistic, but the alternative is to freak out and just cut prices. Whether the fastener market goes up or goes down in the next few months, you will regret massively cutting prices today. We MUST just keep after overly-satisfied customers, and new ones to ensure that we come out of this thing like gangbusters.
Thanks for being a voice for the biz.
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It is my pleasure to be one of the "voices for the biz" and I am honored that you consider me one.
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