How can I get out of that event

[Elakkad]

<div class="bbWrapper">Hello everybody ;<br /> <br /> I have read the Fast lane millionaire book and I see it is a guide for life ;<br /> in real life I am stuck now in business for now about 20 years . In leather business and it was ok tell there a change for fashion about real leather to favor of sportive shoes so the demand not in high and I start to have a big inventory of low grades leather and my company has a big debt to bank and supplier ;also in that business there s a lack of control cause we have a big shark already destroy any chance to make profit cause his strategy is to dominate and control the market by killing other suppliers by time ;<br /> I need to get out to start another view of life like the books says but really I can’t get our of this situation cause cash flow is only to run the factory. And if I close I will be in bad situation for banks and for detbtors ؛<br /> so what you suggests in practical way to correct</div>

 

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[Robdavis]

<div class="bbWrapper">Are you making profits or losses?<br /> Do you have positive or negative cashflow?<br /> Who are your customers?<br /> What does the shark do that is a problem for you?</div>

 

[Elakkad]

<div class="bbWrapper"><blockquote data-attributes="member: 116350" data-quote="Robdavis" data-source="post: 1045103" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=1045103" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-1045103">Robdavis said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> Are you making profits or losses?<br /> Do you have positive or negative cashflow?<br /> Who are your customers?<br /> What does the shark do that is a problem for you? </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote> <blockquote data-attributes="member: 116350" data-quote="Robdavis" data-source="post: 1045103" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=1045103" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-1045103">Robdavis said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> Are you making profits or losses?<br /> Do you have positive or negative cashflow?<br /> Who are your customers?<br /> What does the shark do that is a problem for you? </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>Mostly very tiny profit and sometimes losses ; <br /> it is negative cash flow <br /> the same customer that the shark has or in specific way the same area so by his large amount to sell he control the price . <br /> shark dominate the market in buying The raw material also in selling of final goods . By time my cash is going less and less and he control more</div>

 

[Robdavis]

<div class="bbWrapper"><blockquote data-attributes="member: 120430" data-quote="Elakkad" data-source="post: 1045114" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=1045114" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-1045114">Elakkad said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> Mostly very tiny profit and sometimes losses ;<br /> it is negative cash flow<br /> the same customer that the shark has or in specific way the same area so by his large amount to sell he control the price .<br /> shark dominate the market in buying The raw material also in selling of final goods . By time my cash is going less and less and he control more </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>What is the raw material and what is the final product?<br /> Could you choose to diversify your business?<br /> Could you choose to compete on some characteristic other than price? This is MJs concept of &quot;value skew&quot;.</div>

 

[Elakkad]

<div class="bbWrapper"><blockquote data-attributes="member: 120430" data-quote="Elakkad" data-source="post: 1045114" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=1045114" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-1045114">Elakkad said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> Mostly very tiny profit and sometimes losses ;<br /> it is negative cash flow<br /> the same customer that the shark has or in specific way the same area so by his large amount to sell he control the price .<br /> shark dominate the market in buying The raw material also in selling of final goods . By time my cash is going less and less and he control more </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote> <blockquote data-attributes="member: 116350" data-quote="Robdavis" data-source="post: 1045261" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=1045261" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-1045261">Robdavis said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> What is the raw material and what is the final product?<br /> Could you choose to diversify your business?<br /> Could you choose to compete on some characteristic other than price? This is MJs concept of &quot;value skew&quot;. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>The raw material is raw hide leather which shark dominate this market of raw by big share of buying <br /> the final product is crust leather means leather ready for finishing or consider it as finished ; <br /> i can’t diversify cause we produce the same final products <br /> price to sell beside him I have to reduce price than his offers and no gate to make more value .</div>

 

[Robdavis]

<div class="bbWrapper"><blockquote data-attributes="member: 120430" data-quote="Elakkad" data-source="post: 1045327" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=1045327" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-1045327">Elakkad said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> i can’t diversify cause we produce the same final products </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>Could you change the final products that you make? So for example, perform more steps to the crust leather. Either to finish it completely or to make it into a leather products, like for example, bags and then sell those?</div>

 

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[Elakkad]

<div class="bbWrapper"><blockquote data-attributes="member: 116350" data-quote="Robdavis" data-source="post: 1045332" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=1045332" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-1045332">Robdavis said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> Could you change the final products that you make? So for example, perform more steps to the crust leather. Either to finish it completely or to make it into a leather products, like for example, bags and then sell those? </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>1- to make finish leather needs a huge investments w I couldn’t do this now . <br /> 2- we can make bags and shoes but that is need significant efforts and Egypt market is weak demand market specially at this years of global economic downturn</div>