Posted by: Ken Wheatley | January 20, 2008

…and then there’s the business

On top of everything that she’s dealing with, business if off – the economy, gas prices, worker’s comp in California have all driven costs up and profits down. So this weekend we’re spending time evaluating our options. She wants to sell, but we really don’t have time to do that now, plus we need the business to present well to a suitor, so we’d have to make changes one way or the other. So we’re going to concentrate on getting rid of the unprofitable customers and non-productive employees.  Letting anyone go now is going to be tough, but there’s not much choice. We’re also going to talk with the landlord about reducing the rent considering the market conditions for commercial property. And we have to review the loan documents to be sure there isn’t going to be a problem when the bank finds out what’s going on.

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