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  1. #61
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    Originally Posted by Smithers115 View Post
    7 seasons of kitchen nightmares begs to differ
    Haha so I guess you could say any business that does not own their property they operate out of they were in a dangerous place to begin with
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  2. #62
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    NO worries they'll be back in business a week after all this passes under a different name
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  3. #63
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    Can’t wait for more Starbucks and Shoppers drug marts.

    And to think, Trump knew about da virus for 3 ****ing months ignoring his staff.
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    Registered User jeshelton's Avatar
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    Originally Posted by Smithers115 View Post
    if a business cannot survive a month, they were in very dangerous place to begin with
    Not all businesses are established brev. Many are startups, less than three years old, without much financial backing and typically leveraged just to do business.
    405/315/506
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  5. #65
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    it's weird af. There are even talks here about professional sporting teams going under, not even existing next season. Maybe they should stop paying their players so much and save some money for a rainy day lul
    not a phaggot
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  6. #66
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    can anyone confirm how worst all this is going to get since all these small businesses most likely had a loan going on from a bank and how were all even more facked with all these bankruptcies coming. we all know that banks are already maxed out on leverage.
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    Originally Posted by dunnie View Post
    can anyone confirm how worst all this is going to get since all these small businesses most likely had a loan going on from a bank and how were all even more facked with all these bankruptcies coming. we all know that banks are already maxed out on leverage.
    na, my dad works at a bank. They are not maxed out yet. Banks are actually doing ok right now. Most companies are going to do interest only payments or 90 day deferrals. The question is going to be how long can banks extend financing..Because if the well starts to run dry we are all gonna be fuked
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  8. #68
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    There are a lot of local restaurants around my area that are running specials and selling groceries at the curb side. They are slammed with business. I waited in my car for 20 minutes last night picking up to-go food because a restaurant was running a good special.. In addition there are restaurants that are providing "free" food to first responders and people in the community are buying gift cards to fund it. They do something good with the food and get to make a decent profit.

    The restaurant owners that are actually being entrepreneurs are still making money. I have zero sympathy for restaurant owners that want you to "support local" with no real value for you or want you to buy gift cards for future use.

    I realize there are some locations on complete lock down and in those areas I understand why restaurants may have trouble keeping the doors open.
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  9. #69
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    Originally Posted by Omnivium View Post
    Any big businesses or just small local ones? If they're already out of business after like 2 weeks then they were probably circling the drain to begin with
    Not necessarily. Any business that started within the last year is probably in trouble. Any business that can't survive 3 months of loss is in trouble. Some people are cutting the cords early before they fall into debt. I know an auto shop down the street with a 125k a month nut. There is no way he'll survive 3 months of reduced business. He's going to be on the hook for 200k of his savings. Most small businesses don't have that kind of money sitting around.
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  10. #70
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    Walk around NYC, there are going out of business signs all over the place. Same in NJ. Most small businesses were struggling even in the good economy of the last couple years. This gave them a. An easy reason to file bankruptcy, b. no other legit option short of being in huge debt for a long time once out of this.

    Trump did the right thing by shutting down flights from China back in January. Unfortunately, if he had done then what he's doing now, he would have been called a fascist/autocrat/dictator and be blamed for destroying the economy. The timeline that Trump followed is about as good as you're going to get, and yes it is still bad.
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  11. #71
    Registered User orangetide's Avatar
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    Its pretty easy to see that this "pandemic" was planned.

    Look at all the politicians thst dumped their stock before word got out

    The banks were already pumping money with no success since dec/ January

    Stores were already closing in December at a high rate
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  12. #72
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    Originally Posted by dontstopbelief View Post
    We'll be going back to a very different world.

    After this is done, the rest of the world needs to go in dry on China srs.
    the only ones who are gonna do the pounding will be the rich chinese buying even more businesses of your country

    lol if you think our cucked politicians have the balls telling them to pound sand
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  13. #73
    Punjabi WRXbrah's Avatar
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    Originally Posted by dondadas View Post
    the only ones who are gonna do the pounding will be the rich chinese buying even more businesses of your country

    lol if you think our cucked politicians have the balls telling them to pound sand
    Easy fix for that. Don't allow chinese investors to buy property/businesses here unless they are a full time us resident or have citizenship.
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  14. #74
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    Originally Posted by WRXbrah View Post
    Easy fix for that. Don't allow chinese investors to buy property/businesses here unless they are a full time us resident or have citizenship.
    never gonna happen
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  15. #75
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    It's sad.

    There's this one guy on facebook who was bragging how well his new shop was doing and even posted pics of his brand new Ford Ranger that he was financing.

    Crazy to think he was literally 2 ply's of toilet paper from total ruin.
    fist yourself
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  16. #76
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    mcdonalds still open, but ice cream machine still dont work
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    they knew what they were getting into when they opened up the business. it's business, most of them fail, it's like the first thing a business owner learns
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    Originally Posted by orangetide View Post
    mcdonalds still open, but ice cream machine still dont work
    Oh you want that early morning mocha hitter?

    Sorry machines are being cleaned.
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    Originally Posted by Smithers115 View Post
    if a business cannot survive a month, they were in very dangerous place to begin with
    You’ve clearly never run a business. That’s not a knock against you, it’s just obvious.

    An established company might be able to weather troubled times, like maybe 10 or 15% down over a few weeks or maybe a month, although it would be seriously problematic for any company. And under any other circumstances besides a worldwide pandemic, it would get the manager fired 100% of the time. But no revenue? Or essentially no revenue? That’s an absolute death sentence.

    Source: I ran a small retail store in a (very successful) corporate chain for a number of years.
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    I'll venture a guess and say that 90% of small businesses are owned and operated by men.

    We can call small business owners "Kulaks", a Russian word used to describe any peasant with over 8 acres.

    Lenin, Stalin and the Bolsheviks absolutely hated the kulaks. There were many of them, they were independent property owners, and they weren't allies of the revolution and party.

    So what was done? They were essentially starved to death -- roughly 10 million of them -- in one of the biggest engineered famines in the history of mankind, the Holodomor.

    Coincidentally while the Soviet Union was busy murdering millions of kulaks, in 1933 the USA officially recognized it as a legal nation.
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    Originally Posted by LooksMaximus View Post
    I'll venture a guess and say that 90% of small businesses are owned and operated by men.

    We can call small business owners "Kulaks", a Russian word used to describe any peasant with over 8 acres.

    Lenin, Stalin and the Bolsheviks absolutely hated the kulaks. There were many of them, they were independent property owners, and they weren't allies of the revolution and party.

    So what was done? They were essentially starved to death -- roughly 10 million of them -- in one of the biggest engineered famines in the history of mankind, the Holodomor.
    This is a true story.

    Would you care to expound on why you brought this up? Or are you just gonna leave the implication hanging?
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    Originally Posted by 2RDEYE View Post
    they knew what they were getting into when they opened up the business. it's business, most of them fail, it's like the first thing a business owner learns
    I agree man, im all for letting businesses fail in normal circumstances. Problem is government is forcing businesses to close their doors so the ones who have just started or have small margins are screwed..Think about trying to operate on 0 revenue..Its unheard of..you would burn thru money so fast
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    Originally Posted by MikeLowrrrey View Post
    Wish I had a good savings. All that is gonna be up for grabs. You think houses will still be cheap 2 years from now? Credit score is good, just don't have the down payment
    lol holychit the amount of boomer speak in 1 post
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    Not Today Colonizer sword_'s Avatar
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    A local high end fashion shop in Austin, ByGeorge apparently had to cut salaries and do some layoffs because of this.

    While I don't usually shop there it sort of sucks because they have some cool stuff and have been here for decades so it would suck to see it go.

    Just hit up a Lebanese food truck I like near me.
    Last edited by sword_; 03-31-2020 at 02:33 PM.
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    Originally Posted by 2RDEYE View Post
    they knew what they were getting into when they opened up the business. it's business, most of them fail, it's like the first thing a business owner learns
    True, but I'm very sympathetic. There's a difference between failing because of bad location/luck/business skills and the economy essentially being shut down. There's no way to really prepare for the latter.
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    Originally Posted by MediocreGains View Post
    True, but I'm very sympathetic. There's a difference between failing because of bad location/luck/business skills and the economy essentially being shut down. There's no way to really prepare for the latter.
    many of the businesses probably pulled out before it got worse. i'm sure they are well, they just, it doesn't make any sense to keep the business going this time. staying open and doing only deliveries or take out... yeah... no lol
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