While waiting for the results of the American elections, the end of the recession, good weather and payments from my “friends” (?) for their unpaid invoices dating 2 or 3 years, here are numbers which make me happy: the turnover of Ets Thunevin for the last 10 years.
It includes all the activities: wholesale, properties, exclusivities and consulting. Despite growth, I am always chasing after cash flow, in order to reimburse my investments and growth in sales therefore impacts our current stock and customers also paying attention to their cash flow.
1999 : 7 000 000 € (delivery of 1996 vintage)
2000 : 6 500 000 € (delivery of 1997)
2001 : 10 000 000 € (delivery of 1998)
2002 : 12 000 000 € (delivery of 1999)
2003 : 17 000 000 € (delivery of 2000)
2004 : 10 000 000 € (delivery of 2001)
2005 : 7 500 000 € (delivery of 2002)
2006 : 13 000 000 € (delivery of 2003 )
2007 : 10 000 000 € (delivery of 2004)
2008 : 17 000 000 € (delivery of 2005)
Estimation 2009 between 13 and 15 000 000 € (delivery of 2006)
Will my bankers be able to lend me the necessary funds? I never thought I would ask myself such a question!
Should I stop investing, create jobs, wanting to grow more? If I can give my opinion, certainly not. It is during difficult time that a serious entrepreneur must create new bases, develop new markets.
I would prefer not delay my investments, but I do depend on the willingness of my bankers and the world economy.
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