> | LSB suffered a tragic fire to their facilities last November.
> | Does anyone know when they might be back in operation? Following
[quoted text clipped - 12 lines]
> Probably never! This is what a guy, who has known Riley for a long
> time, told me.
-- snip --
> Indeed. They should count themselves lucky they probably got out with
> the insurance money.
[quoted text clipped - 3 lines]
>
> Maybe a mortician. I guess that is the only growth industry right now.
A friend of mine who has started a number of successful small businesses
over the years insists that the best time to start a business is when
the economy is down.
Why? Because you _are_ going to starve when you start up anyway. When
the economy is down you are going to have an easier time finding willing
employees, and you don't have to be nearly as big for vendors to find
you big enough to pay attention to.
And finally, when the economy starts getting good again and all the
weak-livered folks are starting competing businesses yours is established.
I've only started one, and it's a small one, but I did it right after
the dot com bubble burst, and he seems to have been right.

Signature
Tim Wescott
Wescott Design Services
http://www.wescottdesign.com
Do you need to implement control loops in software?
"Applied Control Theory for Embedded Systems" gives you just what it says.
See details at http://www.wescottdesign.com/actfes/actfes.html
Ed Cregger - 24 Oct 2008 17:48 GMT
> -- snip --
>>>
[quoted text clipped - 20 lines]
> I've only started one, and it's a small one, but I did it right after the
> dot com bubble burst, and he seems to have been right.
-------------
Good advice and true.
Oddly enough, hobby businesses that cater to hard core modelers tend to do
better during economic downturns. Yeah, the RTF stuff will drop, but you
couldn't compete with the large department stores anyway.
Ed Cregger
Tim Wescott - 25 Oct 2008 04:46 GMT
>> -- snip --
>>> Indeed. They should count themselves lucky they probably got out with the
[quoted text clipped - 27 lines]
> better during economic downturns. Yeah, the RTF stuff will drop, but you
> couldn't compete with the large department stores anyway.
That's because an unemployment check won't cover a trip to Hawaii, but
it will buy an engine and some balsa.

Signature
Tim Wescott
Wescott Design Services
http://www.wescottdesign.com
Do you need to implement control loops in software?
"Applied Control Theory for Embedded Systems" gives you just what it says.
See details at http://www.wescottdesign.com/actfes/actfes.html
Ed Cregger - 25 Oct 2008 14:51 GMT
>>> -- snip --
>>>> Indeed. They should count themselves lucky they probably got out with
[quoted text clipped - 31 lines]
> That's because an unemployment check won't cover a trip to Hawaii, but it
> will buy an engine and some balsa.
----------
Yep. You nailed it, Tim.
Ed Cregger
>> | LSB suffered a tragic fire to their facilities last November.
>> | Does anyone know when they might be back in operation? Following
[quoted text clipped - 20 lines]
>
> Maybe a mortician. I guess that is the only growth industry right now.
http://apnews.myway.com/article/20081024/D9414DS00.html
mk