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Showing posts with the label lockdown

Discouragement vs Imagination

Discouragement is the starvation of imagination. Does discouragement lead to a lack of imagination OR does the lack of imagination result in discouragement. Either way, we MUST remain imaginative during these times. Since its inception, the Automotive Recycling Industry has survived every economic downturn in the history of man. As a matter of fact, our industry actually grows during downturns in the economy. Once the Lockdown of 2020 ends, we will see an economy that will slowly return to normal - over a two year period. But, during that recovery period, people will be very hesitant to spend major amounts of money. We will see a prolonged dip in new car sales which will generate a major upswing in the utilization of Recycled Original Equipment (ROE) parts in the mechanical repair process. We are also hearing that insurance companies have concerns about the New OEM supply chain being affected for months and months following the Lockdown of 2020. They, the insurers, are now looking t...

Will my business survive Coronavirus?

Will I survive Coronavirus? The bigger question: Will my business survive Coronavirus? We are in an uncertain time and none of us know for sure what tomorrow holds, much less next week or next month. I am writing this article from the safety of my couch on a Sunday afternoon - too concerned to leave the security of my own home on a beautiful day that is screaming ‘come out and enjoy’. I am pondering several questions today: Will all of the employees show up tomorrow? Have any of them been diagnosed with Coronavirus? Will others have to self-isolate? Will my state force everyone to stay home for two weeks? We cannot control much in our lives. We definitely cannot control this virus nor what the government is going to do to prevent people from dying. But, we can react to issues that we encounter with wisdom. Businesses are organizations that provide services or products to other organizations or individuals. The bare basic definition: People that help other people in exchange for co...