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Sep 16, 2020
8:52:40am
Triznaynay Truly Addicted User
That is an interesting way to think about it. I haven't heard of a ton of
well-established businesses going under. I'm sure there are plenty, but I haven't heard a ton of those. Well-established businesses are generally already profitable, may have some savings, and usually have access to loans/capital/lines of credit to get through lean times. Definitely have heard layoffs with the big/established ones though.

A start-up, or new, or already fledgling business on the other hand........a shut down (or any hiccup for that matter) for them at the wrong time is a death sentence. Probably already running tight or at a loss, and not as much access to money that can swing them through since they don't have the tract record.

Not that it's good news that businesses are going under, as we need start-ups and new businesses to make it and survive to have a healthy economy.
Triznaynay
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Triznaynay
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9/16/20 8:39am

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