I think you misunderstood me totally. I did not say a business owner should be told by others to shut down ..I said they should do everybody a favor and do it on their own. First of all I had my own business since 1975. We had one guy called Lindy Sheet metal fabricators. Purchasing agents always send out for three quotes. Lindy or George, would CONSTANTLY undercut everyones, and get the work.
After that he would not pay his vendors, or loans on his computerized equipment. He bankrupted at least three times that I know of going back to 1975. A few years ago he opened back up again, and already I heard they repossessed the $750k laser cutter. 🙂 Everybody in the sheet metal business knows about George. He’s a likable guy but he can’t make accurate quotes or doesn’t care.
One guy was telling me for a joke he quoted a job at just the material costs and did not get the job