I'm actually planning on growing. The reasons may sound odd, but here's my logic:
If a business can profit in scrap with today's markets, they'll be sitting pretty when the market improves. If you don't want to try to make money in lower markets, find a way to still use the time for your business. Take the time to work on your practices to improve efficiency, so when you come back, you can use the now good markets to really make hay while the sun is shining. Or in my case, upgrade facilities and make some equipment (What? Doesn't everyone build their own equipment?) Seriously? Okay 406, maybe it's just the two of us that have farmer ingenuity. But, that comes in handy:
Last month, I built a new-to-the-business trailer, and worked on upgrading hard drive testers so I can test for you guys faster. Next month, I'll probably start making a new building for the recycling side of my business
That's also my side hustle. Making hay. And driving a Kenworth. Why not? If I can make some extra money, I'm all for it. Sure, I do other stuff when the market is down. But, when it rebounds, I want to be ready to pounce
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