Today

March 31, 1975

It was impossible to save everything from our business….however one financial report has survived from 42 years ago.

Interesting is the inflationary adjustments from 1975 >2017:

  • Sales –  $327,554 > $1,488,751
  • Advertising –  $34, 298 > $155,886
  • Salaries/Wages –  $42,213 > $194,132
  • Net Income –  $5,926 > $26, 934

We didn’t meet goals in 1975 of Sales of $360,000 and net income of 10% or $36,000. The most significant expense other than salaries/wages was advertising. In 1975, it was 80% newspaper and 20% radio/tv. What would be the mix in 2017?

A $1.5M business is indeed a small business….yet in 42 years there would also need to have been a growth component. Could the business have grown at 10% a year? It’s something to ponder.

Our building was valued at $200,000 in 1978….with inflation the 2017 value, $750,000. With the improvements made by the owners today….it surly must be valued at several million dollars.

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