Auto Shop Management Forums

Find answers, ask questions, and connect with our community around the world.

  • Coronavirus Money – Can We Believe the Math?

    Posted by Site Administrator on March 30, 2020 at 5:49 pm

    While the devil is always in the details, the statements from the government indicate that everyone will be made whole financially – both personal and business. Let’s say that’s true for most.

    It’s also true that most are spending less overall during this “pause” or whatever you want to call it.

    Simple math says most folks come out ahead. No income drop. Spending decrease. Final result – more cash in the wallet, fatter checkbook, lower credit card balance.

    Or, what are we missing here?

    Seth Johnson replied 2 years, 2 months ago 3 Members · 2 Replies
  • 2 Replies
Advertiser / Sponsor
  • Joseph Van syoc

    Member
    April 15, 2020 at 11:36 am

    Tell ya what, in my case PPP/EIDL is a cruel joke.  I qualify for exactly ZERO help as a self employed sole proprietor without employees.  All SBA help is based on payroll/# of employees.  On my own again, naturally. Ok, enough whine.  There are at least ten one man shops in my rural Iowa county, in fact one man shops here are the rule and not the exception. Plus many other single person retailers etc.  We hear a lot of hype about help for small businesses, but the devil IS in the details….

  • Seth Johnson

    Member
    April 15, 2020 at 1:04 pm

    It’s gonna be pretty hard to recover the “headcount” when people are making more money on the gov’t check than coming to work.