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For those of us who have been around for a while and seen the ups and downs, watched the rash purchases of golden Ford Rangers and seen the forcing of families to live with relatives, there is a duty. One of us needs to sidle up to our relative, friend, club mate running the business and say perhaps you need to call it quits. Not everyone wins every time and sometimes you’ve got to stop what you’re doing before things get legal at the behest of your bank, your creditors, or the IRD.
I’m no expert in behavioural economics.
I’m no expert in behavioural economics.
I’m no expert in behavioural economics.
But I imagine that just as we are aware of the economic cycle, the housing cycle, and the credit cycle, there is probably something called the psychology cycle or a more appropriate term like that.
If there is, then we are entering the most dangerous part of it where many business owners will have to face the reality of their inadequate cash flow position. It seems better than those of us who’ve lived through cycles of the past and seen the damage choose to walk the path some now need to follow with them, rather than trying to pick up the pieces of what is left of their lives a year from now.
- Tony Alexander is an independent economics
- Tony Alexander is an independent economics
- Tony Alexander is an independent economics |
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发表于 2024-5-23 10:47:19
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