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>There was a time when business weren't leveraged to the max and the profit taking during good times was not squeezed to every cent Can you cite such a time wh

>There was a time when business weren't leveraged to the max and the profit taking during good times was not squeezed to every cent Can you cite such a time when businesses, especially small, could survive in a competitive market without taking on debt and redirecting profits to the business? Because this hasn't been true ever. Small businesses need every edge they can get to survive, and that means not having gold-laden chests lying around waiting the the 100-yearly plague to come.

lalos 7y ago
Accounting 101: balance sheets, cash flow analysis. Those tools were not created to have interesting graphs and tables to look at but to promote and show explicitly what’s going on behind the scenes. I get that a lot of people just invest on their emotions (like-able CEO; must invest!) but what’s actually happening is they are just taking in debt and passing on the risk (while profiting temporarily and leaving the company exposed naked). I have tons of friends with small business that own 2-3 personal property, all the luxuries and yet officially the business is in shambles (right now). The attitude is “who cares”, they take the money out and spend it on themselves and just fire everyone. They pass on the risk. That money came from greener days and now employees have to file for unemployment. I guess people see this as normal, but it isn’t and it shouldn’t. Tax-payers are now subsiding those unemployment checks while the profit taking already benefited the owners.