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  #27  
Old 01-09-2011, 12:19 AM
juststartin juststartin is offline
LawnSite Senior Member
 
Join Date: Jan 2003
Location: Macon GA
Posts: 341
I think financing is very dangerous.

I have learned that it is all a mindset. I understand that some people are responsible blah blah. From my personal studies, most successful companies that actually are in the black and actually pay taxes because they make a profit have very little money financed. I have seen the "finance mindset" bankrupt large successful companies that do good work because of a hiccup.

I think the adage that you "must have" financing to create and sustain a great business is a pre-Great Recession mindset. I keep finding myself buying these people's equipment, trucks, and hell even a house for 60-70 cents on today's value.
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