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Howard Beal[_3_] Howard Beal[_3_] is offline
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Default "Poverty cycle" for businesses


"Ignoramus3507" wrote in message
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In any kind of business involving inventory, it is also not
immediately obvious how much money one is making, if you do not
properly deal with stale inventory. So there is always a temptation to
fool oneself into thinking that one makes more money than is the case
in reality.

i


That happened to a lot of used machinery dealers in chicago (lake street)
they held onto obsolete machines in the hopes of selling them someday.
Even as they were slowley going broke they would not discount anything.

Best Regards
Tom.