The Down Range Forum
Member Section => Down Range Cafe => Topic started by: TAB on January 23, 2009, 06:30:25 PM
-
I was going to post something this morning, but I changed my mind.
I sold off my property maintenance company.
I have mixed feelings, it was the 1st company I started, but with the loss of 2 major contracts to a competitors it is not profitable.
The good side of things is I no longer have to deal with a mount of paper work, over head and 30-60 days delays in payments.
The bad news is I had to lay off a employee. :( Atleast he went away with a months pay. Sadly its going to be very hard for him to get another job for what he was making.
i'm just shocked they did not make me sign a do not compeat contract... thier loss :P
-
Congrats ... I think.
Sounds like one of those mixed blessings deals. Kind of like being really sick and getting a GREAT BIG SYRINGE of gunk in the rear to make you better.
-
Now you can buy a bunch of guns and ammo, start up another company doing the same thing and sell that as well ;D
Feel sorry for the guy you had to lay off though.
-
no this money is going into my "econ sucks fund"
times are going to get alot worse before they get better. I am going to replace the 2 airless I sold with the biz, even those I may just end up buying used/rebuilt as the local airless/fluid handling place is getting real close to going under. The complex where I rent space from is only about half full now. If your in the service industry( or supply said industry) your hurting right now. I mean when was the last time you heard of a wrecking yard that is 45+ years old and on 26 arces go under?( out side of envromental or family probs)
-
Manufacturing isn't much better. I thank God every pay day that I got into the Medical Devices industry, if I had stayed at T/C or in the computer/high tech field I would already be on Unemployment ;D