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During this government mandated vacation that I am currently on, I am doing a lot of work behind the scenes to be able to hit the ground running after I get an official response back from the government. I have stabilized (for now) all my manufacturing costs and will not increase my prices unless manufacturing costs spike dramatically. Instead of passing on the price increases that were unavoidable, I took a deep look at how my company operates and by becoming more efficient, I was almost able to get back to even.
Back in April when everything was announced, I put a year worth of expenses away in a rainy-day fund. Meaning, my company is here to stay and going to ride out these troubled times. I am willing to adapted and evolve to new standards, the problem is there is no standard to go off of. Just 8 factors that the FATD uses to determine “readily convertible” which is completely subjective and can be changed without notice.
Since I have dialed in my process creating flats and tubes, I am willing to expand my catalog moving forward. Please take my Poll on what you would want to see developed for when the market opens back up.
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