By Jerry Bellune
Some of us are starting to suspect there was more to the lockdowns and non-essential business shuttering than science and epidemiologist caution. Could this have been a conspiracy to wreck the economy in a presidential election year?
Conspiracy or not, the effect on the economy was the same – probably in your industry and ours. We publish newspapers.
A friend sent us news of a metropolitan daily newspaper publisher deciding to give up print and take his chances publishing online only. We wish him well.
This is sad but you will see more of this in daily newspapers. They are burdened with overhead and debt. Their publishers can’t give up their club memberships, 2nd homes at the beach and limousine lifestyle.
The small newspaper owners like us are different. Most of us own everything debt-free, run lean operations with a few skilled people and have loyal advertisers and readers who believe in us. We are truly blessed.
Like us, we hope you are debt-free, watch your payables and receivables closely, collect what your customers owe you, pay your bills to protect your credit rating and sleep soundly, knowing your top and bottom lines are in great shape.
We share such strategies in “Uncover Your Inner Sales Genius.” For a free copy email [email protected]
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Copyright 2020, The Bellune Co., Inc.