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Boeing’s crisis started long before CV19. The 737 Max debacle was already weighing heavily on their balance sheet. The point is, it’s hard to predict the futur
by jdavis703 7y ago
Boeing’s crisis started long before CV19. The 737 Max debacle was already weighing heavily on their balance sheet.
The point is, it’s hard to predict the future. Who knows if the future will bring a fatal bug in your software, a pandemic, or both. But regardless, we all know tough times will always happen, and to therefore be prepared.
- lotsofpulp 7y agoAnd my point is you can’t be prepared for months of no revenue. No consumer is going to pay the high prices needed for a business to insure itself for an extinction level event, because an alternative business won’t and will offer lower prices. For example, a hotel owner can choose to squirrel away cash to protect the hotel and its employees for months of no income. A competing hotel will instead choose to renovate the hotel. Which hotel will customers choose to stay at?
- jdavis703 7y agoThe “prepper” hotel could instead take out a loan (using their savings as collateral) to renovate.