Money Woes

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Next year will mark my fiftieth year in business. The first fifteen years I worked for large corporations. The last thirty-five years I've owned my own business.

Owning a business is a lot like home ownership. You say "you" own the business as if that is first person singular -- when, in fact, the pronoun is almost always PLURAL.

Unfortunately, owning my business involved working with creditors, who became an annoying part of that "you." Over the years, I paid over $2.5 million in interest. More to the point, I spent at least twenty-five percent of my time dealing with cash flow issues.

Until very recently my business almost always had severe money problems.

Yet - I'm retiring with what seems like a comfortable economic pulse.

I tell you this because -- some who haven't been around this site for the twenty years that I have might wonder why Erin & Co. seem to be asking for money every month.

Simply put:

1.) They have a business that relies heavily on donations from the users, and

2.) Many of those users have the mindset that everything on the internet should be free, or simply cannot afford to donate, and

3.) Big Closet . . . which should be creditworthy . . . because of the length of time BC has been in business and its record of success where others have failed -- would not be able to get a commercial line of credit. A LOC would be the normal answer to many of its ongoing problems.

I'm going to send Erin a second donation for this month. I'm sending this because Erin provides an extremely valuable service I've enjoyed. I'm sending this because Erin has proven again and again to be a fine person with a huge heart.

I don't perceive this as a charitable contribution. Having been a part of the Big Closet "you" for so long -- I think of it as a left pocket / right pocket transfer.

Jill

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