Well, it was an interesting few hours this afternoon at our Pittsburgh R&D shop. Mid-afternoon the governor announced a closure of all "non-essential" businesses in the state for two weeks. No specifics. This evening they issued clarification saying that "Industrial manufacturing" was on the "essential" list and we could keep working.
But that's PA. Ohio where the main plant is has been being... aggressive... about shutting things down. I'm not sure we'll be running next week. For the employees, if the relief bill goes through the Senate then maybe they'll get paid through shutdowns. But what about the owners?
How long could you go, paying all your bills like normal, paying all your taxes and employees like normal, with zero income before you hit a breaking point. What's driving it?
All our machinery is paid for, our mortgage, rent and taxes, insurance and payroll is about 150k a month minimum with no variable costs. We have outstanding parts on order (scheduled) of about a million and a half. I have no idea how understanding our suppliers would feel like being, so that's a big question mark. We could go three months pretty easily. Six months of no income would be about it before I called it quits. I think I play more conservatively than most, electronics having larger swings and spikes than most.
How about you? would you make it a month? three? six? It's easy for the politicians to say "STOP" they get paid anyway
But that's PA. Ohio where the main plant is has been being... aggressive... about shutting things down. I'm not sure we'll be running next week. For the employees, if the relief bill goes through the Senate then maybe they'll get paid through shutdowns. But what about the owners?
How long could you go, paying all your bills like normal, paying all your taxes and employees like normal, with zero income before you hit a breaking point. What's driving it?
All our machinery is paid for, our mortgage, rent and taxes, insurance and payroll is about 150k a month minimum with no variable costs. We have outstanding parts on order (scheduled) of about a million and a half. I have no idea how understanding our suppliers would feel like being, so that's a big question mark. We could go three months pretty easily. Six months of no income would be about it before I called it quits. I think I play more conservatively than most, electronics having larger swings and spikes than most.
How about you? would you make it a month? three? six? It's easy for the politicians to say "STOP" they get paid anyway