/facepalm
Businesses don't expand their businesses unless there is demand for their products and/or services. If you were in the business of manufacturing/selling widgets you would be crazy to expand your business if there was no demand for widgets. If the demand for widgets were high, you would be crazy not hiring the personnel required to satisfy that demand. edit: that's how capitalism works.
if you are meeting demand now, and making a profit... what do you do with the money in this economy?
if you were smart, you sock a portion of it away so you can ensure you keep the doors open and keep your employees and expenses paid.
if you own a business and aren't planning for a potential worsening of the economy , in this day in age, then you quite simply don't belong in business, 'cuz you're an idiot.
it's imperative to plan for rainy days.. cash reserves are part of that planning.
we've increased our cash reserves to 3 times what we normally keep... just in case.
.. and we've also increase our workforce to 125 (102 domestic ) employees... but i don't foresee much more hiring unless business picks up... we meet demand fine right now.
I have the money to hire, but i won't.. primarily because I run a business, not a welfare agency.
until there is some stabilization and more sunny days, our cash reserves will grow until we deem it time to diversify
I know how capitalism works.. and more importantly, I know how it's supposed to work unlike those yahoos in DC.
I'm not to big to fail, i have no choice but to be fiscally sound in my planning and decisions.. again, unlike those yahoos in DC.