Join Date: Aug 2007
Location: Hingham norfolk
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I do think that many mistakes are made in smaller business's re expansion.
I had a bossiness for 26 years until I sold it as a going concern around 10 years ago.
I started with almost nothing and drew £50 a week for years,
I expanded very slowly almost always using my money(was still expanding when retired), but I only did what I could afford I bought Our yard on mortgage, no rent to others, Had good S/H vans, good equipment,
all paid for, and some of my staff earned more than me.
We survived through 2 resesions through being sensible, not (clever). And one more thing, any customer who had spent money
with us that had a warrantee claim would be dealt with before any one else, with top priority.
All the best to timberland, they did the right thing, but I think a little bit of blame lays with the company directors