Posted by Dave H (MI) on March 07, 2016 at 11:55:53 from (50.33.245.55):
In Reply to: Trying times ahead!!! posted by JD Seller on March 06, 2016 at 20:11:22:
I really don't know how to break it to you, but I haven't had anything BUT trying times since 2001. Let's see...
Was having an OK year when a bunch of idiots decided to go flying. After that day, several of my corporate clients began having cash flow issues. Seems business just started to dry up. I had recently built a spec home with several of my tradesman clients (with me being the money guy) and we had to dump it fast. I paid them all off and ended up going into savings to do it. Clients who were used to grabbing every $$$ that came into their companies and it away on toys could not adapt to the new world where you had to actually manage your business to stay afloat. Many old friends went out of business and dropped out of sight...generally before my bill came due. By 2008 my business was down 60% but I had never had much fat to trim so I kept humming right along. In 2001 farm income was more of a hobby than anything else but that little bit of extra cash was needed now so, since the CPA practice was hurting I decided to expand the farm and bought more land in 2010 on the depressed real estate market. This turned out to be a pretty good idea, even though some days I beat myself half to death doing it. The local wildlife population is delirious over the idea, since they eat more of my profits than I do...still I make a bit on it. I dunno? Trying times ahead? Would those be MORE trying or LESS trying than the last 15 years?
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Today's Featured Article - Sunday Drives - by Cowboy. Summer was finally upon us here in Northern Maine. We have two types of industry up here, one being "Forestry" (Wood Products) and the other "Farming" (Potatoes). There is no shortage of farm tractors and equipment around here! I have been restoring old Farm Tractors for the past 6 years, and have found it easier and less expensive to hit all the auctions and purchase whole tractors for parts needed. My wife who works at a local school, and only has weekends and summers off, while on t
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