b"Auto Recyclers ToolBox 29As seemingly tough as things are now, take heartYour business is STRONGERthan you think! my 401k and home value plummet. This place didn't even blink. Today, there are By Eban Shantztimes. And it will likely do it all overdoomsday predictors on the internet say-Modern Imports again. But the underlying base func- ing the stock market is due to crash again. I say bring it on. People have to tions of your business are the same.A s I type this, we are all I recently found an Income Taxwork and they have to drive to get there. statement from 1956. [I was emptyingIt makes us an absolute necessity for a recovering from yet anotheran ancient le cabinet after a forkliftmajority of our community and we're glorious tax season. Per usualran through a cinder block wall. Buthere to help! Of course, recession-proof it just makes me want to go lie down. Iyour business. We did that here, too!hope everyone either got their exten- that's a story for another time.] GuessAs seemingly tough as things are sions led or everything gured out.what? It had pretty much the samenow, take heart, your business is stron-This one was a doozy with all thelines on it as one has today. The fun- ger than you think.changes. damentals of this business neverAll that stu we call inventory is The competition for purchasing andchange. We buy cars and parts andworth something to someone. Some-selling parts never ceases its relentlesssell them. The innite amount of com- times it just takes plication that go on top of that is justtime/marketing/pricing to sell it. march toward a seeming protlessnessthe nature of the beast. Focus on the funda-for all of us. Between our customers nd- Here's the best part: As long as you domentals and keep those ing new and inventive ways to kickthe fundamentals right, neither theparts racks full. I guaran-parts and the real estate market makingstock market nor darn near anythingtee you that phone will sure my property taxes get higher everyelse will be able to kill your business.ring!year, I nd myself strangely comfortedI vividly recall the past couple ofEben Shantzby the fact that this business has beenstock market crashes in the last through this whole cycle many, manytwenty years. I watched the value ofeben@modernimports.comAuto RecyclersToolBox BY Auto Recycler Professionals FORAuto Recycler ProfessionalsForums Exhibits Education Product Software Crushers,& Panels Products & Training & Equipment Forklifts,& Services Demonstrations MachinesYard Tours AssociationsMiscellaneus & Tools & EventsTheGet Your Recycler Trade Videos PostedShowIs FREE at the VitualOpen24/7 ITS EVER Recycler TradeGROWING Show! EVERCHANGING!Get your videos posted for free for 6 months (or even longer, as long as the COVID-19 virus pandemic lasts) at the ToolBox Virtual Recycler Trade ShowTM. Contact Mike at ToolBox@MikeFrench.com. www.RecyclerShow.com"