What is up?

From a small business perspective, what is up with the Chrysler bankruptcy deal? Everyone looks at Chrysler because they will end up "leaner and meaner" with less debt and less wages and less baggage. However, the creditors and small businesses supplying things to people who supply things to the suppliers will be just fine. With the takeover by Fiat, there will be influence from the Italian auto maker, but the really small and family owned businesses will come back and will do well PROVIDED the cuts and changes required by the court continue. In other words, if Chrysler does not go back to their greedy top executives and unions. One thing Chrysler has to remember when they are out of Chapter 11 is DO NOT GO BACK TO WHAT YOU WERE AND DO NOT TRY TO. You must depend not on unions and not on banks but on your own creativity and the creativity of what got you there in the first place. Your cars and trucks and your employees and your suppliers. Not the government. Dependence on the government is what wiped you out and will in the future if you allow it. Getting out from the governments hold will allow you to succeed. Remember Free Enterprise?

If you are a small or family owned business supplying things to Chrysler, get in there now and make the best most cost effective product you can and do it in a positive and constructive manner. Should you give them terms? I do not know. Can they get your product elsewhere? If so, yes. If not, maybe. Negotiate the best deal you can REMEMBERING that "what goes around comes around". That, friends, is a fact of life. Hang in there, be aggressive and be interested in what is going on around you.

What do you think?