Quote:
Originally Posted by Minte
The point was not about arguing insurance rates. The point was doing the research and all of those things are only small tools that we can use. It's not like when raw plastic goes up because of some disastor somewhere that we can automatically raise prices to all of our customers. Even when we do raise prices it takes months before we begin to rebuild the cash on hand.
The real world of mainstream is not a whole lot like the business classes they teach in a college.
Maybe in fortune 500 companies there is a formula that they follow religeously, but not in smaller companies. It's a lot of gut checks and risk taking that goes into it.
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The point is you shouldn't be operating your business where a rise in plastics would cripple the business or force you to push that cost onto customers. That's the whole idea behind running proper margins. That's what they're there for. Every business will have unforeseen costs, that's why they should already be figured into your margins.
Even the general public needs to figure in unforeseen costs. Take a car for example. Intelligent people know and understand that cars will have issues and eventually break down. They factor that into their budget when purchasing a car and living their day to day lives. If something happens they have the money on hand to deal with it. Then you have the not so intelligent people who have their fingers crossed nothing goes wrong and when/if something does they're screwed.
This all circles back to the idea that a business is solely responsible for how it operates. The price of plastic goes up, well if your business was dependent on the price of plastic I sure fucking hope you had planned for it - otherwise that was absolutely your fault (not whatever drove up plastic prices). If you're in a business that has really high workman's comp rates, so fucking what. Perhaps you shouldn't have gotten into a such a business.
And this isn't directed at you necessarily. I'm simply making a point. Business owners are responsible in and of themselves. The second they start blaming the government or other events they have failed as a business owner.