Unemployment almost 10% nationally
- Thread starter RAWR
- Start date
Quote:
I was going to stop posting in Random Ramblings, because I am spending too much time on the computer...
HOWEVER!
Newfoundland,
I am a major fan of this theory. It has been taught to me, and I have applied it to several different business ventures over the years.
ON
I was going to stop posting in Random Ramblings, because I am spending too much time on the computer...
HOWEVER!
Newfoundland,
I am a major fan of this theory. It has been taught to me, and I have applied it to several different business ventures over the years.
ON
- Jul 26, 2010
- 2,969
- 4
- 171
I think things are more complicated.
For companies that buy cheap goods abroad - you cannot imagine the volume of complaints they get. Cheap hardware, crumby paint, stuff that doesn't meet VOC standards, polluted sheetrock, much more costly and dangerous stuff that fails, you name it, it's happening.
Companies that offshore within the company especially.
They are already finding out that either 1.) the same inability to make decisions on what they want and quickly and clearly document it causes just as much, if not more mess, when they try to outsource that part of their business
2.) Outsourcing isn't as cheap as they thought. They have to hire a bunch of people to produce the documents that go to the outsourcers, and they have to hire a bunch of people to keep their eye on the offshore providers.
3.) Security of their data is even more a problem. The more data flies around, the more you pay to keep it secure.
Trying to push for international markets isn't all that easy either.
For one thing, even third world countries have laws, and they have laws that carry huge fines (by the DAY) for international companies that violate them. Many American companies think the other countries are a joke and they can get around anything. That attitude - boy does it cost them.
They each have different tax laws, they don't allow internationals to come into their country and do business for free. They often have business forms the international companies have to use, so the international company has to maintain (AND BUY, not copy, mind you) a stock of forms for every single transaction in every country he does business in, and copies of every single transaction have to be sent to the government.
And most of all - the financial records usually have to be kept in THEIR country. NOT ours.
One company struggled very unsuccessfully with other country's financial rules, they always were trying to find a way around the country's financial rules, no matter how ridiculous it was or how much it cost to get around it, they rather sneak around the rules than follow them.
They ACTUALLY wanted to have a 'fake' computer in the other country that their computer people were supposed to make 'look like' the financial records were kept in that country, when they really were kept here. The company was actually going to buy duplicate equipment and keep financial records in two countries, and try to keep all the records in synch up to the second, and try to conceal that the real processing of the data was here. Fortune 100 US company.
That's not all. Those offices in other countries, they don't usually want to follow the company's rules,often for very good reason. Another place sent whole project teams, last minute international flights at huge cost, to make a 'show of force' to pressure the international office to 'tow the line' and use their corporate computer and procedures. They were supposed to act like we were there to customize the system for their benefit, but it was, clearly, and at great expense, a circle-the-wagons manouver.
Doing international business is not cheap. Many times, any time sales drop here, the boss says they have to push for sales in other countries. And often, that takes place very poorly conceived, and at great cost.
Not every company is finding it to be all that profitable. Those that do think it's profitable, maybe aren't totalling up their internal costs that accurately. A lot of times, the sales dept drags the rest of the company around by the hair, and drives the company further down the drain with short term sales goals.
For companies that buy cheap goods abroad - you cannot imagine the volume of complaints they get. Cheap hardware, crumby paint, stuff that doesn't meet VOC standards, polluted sheetrock, much more costly and dangerous stuff that fails, you name it, it's happening.
Companies that offshore within the company especially.
They are already finding out that either 1.) the same inability to make decisions on what they want and quickly and clearly document it causes just as much, if not more mess, when they try to outsource that part of their business
2.) Outsourcing isn't as cheap as they thought. They have to hire a bunch of people to produce the documents that go to the outsourcers, and they have to hire a bunch of people to keep their eye on the offshore providers.
3.) Security of their data is even more a problem. The more data flies around, the more you pay to keep it secure.
Trying to push for international markets isn't all that easy either.
For one thing, even third world countries have laws, and they have laws that carry huge fines (by the DAY) for international companies that violate them. Many American companies think the other countries are a joke and they can get around anything. That attitude - boy does it cost them.
They each have different tax laws, they don't allow internationals to come into their country and do business for free. They often have business forms the international companies have to use, so the international company has to maintain (AND BUY, not copy, mind you) a stock of forms for every single transaction in every country he does business in, and copies of every single transaction have to be sent to the government.
And most of all - the financial records usually have to be kept in THEIR country. NOT ours.
One company struggled very unsuccessfully with other country's financial rules, they always were trying to find a way around the country's financial rules, no matter how ridiculous it was or how much it cost to get around it, they rather sneak around the rules than follow them.
They ACTUALLY wanted to have a 'fake' computer in the other country that their computer people were supposed to make 'look like' the financial records were kept in that country, when they really were kept here. The company was actually going to buy duplicate equipment and keep financial records in two countries, and try to keep all the records in synch up to the second, and try to conceal that the real processing of the data was here. Fortune 100 US company.
That's not all. Those offices in other countries, they don't usually want to follow the company's rules,often for very good reason. Another place sent whole project teams, last minute international flights at huge cost, to make a 'show of force' to pressure the international office to 'tow the line' and use their corporate computer and procedures. They were supposed to act like we were there to customize the system for their benefit, but it was, clearly, and at great expense, a circle-the-wagons manouver.
Doing international business is not cheap. Many times, any time sales drop here, the boss says they have to push for sales in other countries. And often, that takes place very poorly conceived, and at great cost.
Not every company is finding it to be all that profitable. Those that do think it's profitable, maybe aren't totalling up their internal costs that accurately. A lot of times, the sales dept drags the rest of the company around by the hair, and drives the company further down the drain with short term sales goals.
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A great deal of company's issues can be related not to sales short term goals, but the insistence of quarterly reports that show profit each and every quarter.
Once upon a time corporations gave annual reports. Even then, if the business gave a good reason for capital reinvestment that showed why they were breaking even or even losing money, people understood that you had to pay to make money. We've torqued the stock market to such a degree now that it has little to nothing to do with actual "business" and the tail is wagging the dog. Businesses are being forced to operate in service of their own stock prices. Because they cannot allow themselves to not make a profit any quarter, many of them have engaged in self cannibalization, failing to maintain equipment, failing to grow divisions to meet demands and, worse of all, failing to position themselves to ride out downturns and take advantage of coming trends.
Once upon a time I was working for a large business when I spotted a coming trend. I knew the city was going to discover a need and be willing to contract for that need to be filled by the first organization that could get off the ground. I wanted to be there ready and waiting. I had a wonderful visionary boss who believed in me. We took the risk. We hired people and opened three offices to meet the needs of a contract that we did not yet have. It was a huge risk. Not only could I have been wrong about the need, but politics could have given the contract to some one less suited. But, the timing was perfect. We were ready when they came knocking and we got the contract. It gave jobs to 40 people and most of those positions still exist today. We were in the hole for two successive quarters, barely broke even for the next three! Had we been open stock, I suspect we would not have been able to do that. And we weren't lining anyone's personal pockets. My bonus for pulling that off? $800. My boss did not take a bonus.
Just yesterday I spoke privately to some one who was banging his head against the wall with his corporation who was "saving" $60,000 by not doing something that would have made them millions over the next year or two. 60 grand is pocket change and they would not go over budget or take a loss for one quarter to invest in their own business. He is looking for another job because he says that his division will be unprofitable and end up shutting down within three to four years due to lack of equipment maintenance. In that time frame the fixes will have become far too costly. Over 100 people will end up out.
Once upon a time corporations gave annual reports. Even then, if the business gave a good reason for capital reinvestment that showed why they were breaking even or even losing money, people understood that you had to pay to make money. We've torqued the stock market to such a degree now that it has little to nothing to do with actual "business" and the tail is wagging the dog. Businesses are being forced to operate in service of their own stock prices. Because they cannot allow themselves to not make a profit any quarter, many of them have engaged in self cannibalization, failing to maintain equipment, failing to grow divisions to meet demands and, worse of all, failing to position themselves to ride out downturns and take advantage of coming trends.
Once upon a time I was working for a large business when I spotted a coming trend. I knew the city was going to discover a need and be willing to contract for that need to be filled by the first organization that could get off the ground. I wanted to be there ready and waiting. I had a wonderful visionary boss who believed in me. We took the risk. We hired people and opened three offices to meet the needs of a contract that we did not yet have. It was a huge risk. Not only could I have been wrong about the need, but politics could have given the contract to some one less suited. But, the timing was perfect. We were ready when they came knocking and we got the contract. It gave jobs to 40 people and most of those positions still exist today. We were in the hole for two successive quarters, barely broke even for the next three! Had we been open stock, I suspect we would not have been able to do that. And we weren't lining anyone's personal pockets. My bonus for pulling that off? $800. My boss did not take a bonus.
Just yesterday I spoke privately to some one who was banging his head against the wall with his corporation who was "saving" $60,000 by not doing something that would have made them millions over the next year or two. 60 grand is pocket change and they would not go over budget or take a loss for one quarter to invest in their own business. He is looking for another job because he says that his division will be unprofitable and end up shutting down within three to four years due to lack of equipment maintenance. In that time frame the fixes will have become far too costly. Over 100 people will end up out.
I have WHAT in my yard? :
A great deal of company's issues can be related not to sales short term goals, but the insistence of quarterly reports that show profit each and every quarter.
Once upon a time corporations gave annual reports. Even then, if the business gave a good reason for capital reinvestment that showed why they were breaking even or even losing money, people understood that you had to pay to make money. We've torqued the stock market to such a degree now that it has little to nothing to do with actual "business" and the tail is wagging the dog. Businesses are being forced to operate in service of their own stock prices. Because they cannot allow themselves to not make a profit any quarter, many of them have engaged in self cannibalization, failing to maintain equipment, failing to grow divisions to meet demands and, worse of all, failing to position themselves to ride out downturns and take advantage of coming trends.
Once upon a time I was working for a large business when I spotted a coming trend. I knew the city was going to discover a need and be willing to contract for that need to be filled by the first organization that could get off the ground. I wanted to be there ready and waiting. I had a wonderful visionary boss who believed in me. We took the risk. We hired people and opened three offices to meet the needs of a contract that we did not yet have. It was a huge risk. Not only could I have been wrong about the need, but politics could have given the contract to some one less suited. But, the timing was perfect. We were ready when they came knocking and we got the contract. It gave jobs to 40 people and most of those positions still exist today. We were in the hole for two successive quarters, barely broke even for the next three! Had we been open stock, I suspect we would not have been able to do that. And we weren't lining anyone's personal pockets. My bonus for pulling that off? $800. My boss did not take a bonus.
Just yesterday I spoke privately to some one who was banging his head against the wall with his corporation who was "saving" $60,000 by not doing something that would have made them millions over the next year or two. 60 grand is pocket change and they would not go over budget or take a loss for one quarter to invest in their own business. He is looking for another job because he says that his division will be unprofitable and end up shutting down within three to four years due to lack of equipment maintenance. In that time frame the fixes will have become far too costly. Over 100 people will end up out.
There's an old saying in the business world. You have to spend money to make money.
A great deal of company's issues can be related not to sales short term goals, but the insistence of quarterly reports that show profit each and every quarter.
Once upon a time corporations gave annual reports. Even then, if the business gave a good reason for capital reinvestment that showed why they were breaking even or even losing money, people understood that you had to pay to make money. We've torqued the stock market to such a degree now that it has little to nothing to do with actual "business" and the tail is wagging the dog. Businesses are being forced to operate in service of their own stock prices. Because they cannot allow themselves to not make a profit any quarter, many of them have engaged in self cannibalization, failing to maintain equipment, failing to grow divisions to meet demands and, worse of all, failing to position themselves to ride out downturns and take advantage of coming trends.
Once upon a time I was working for a large business when I spotted a coming trend. I knew the city was going to discover a need and be willing to contract for that need to be filled by the first organization that could get off the ground. I wanted to be there ready and waiting. I had a wonderful visionary boss who believed in me. We took the risk. We hired people and opened three offices to meet the needs of a contract that we did not yet have. It was a huge risk. Not only could I have been wrong about the need, but politics could have given the contract to some one less suited. But, the timing was perfect. We were ready when they came knocking and we got the contract. It gave jobs to 40 people and most of those positions still exist today. We were in the hole for two successive quarters, barely broke even for the next three! Had we been open stock, I suspect we would not have been able to do that. And we weren't lining anyone's personal pockets. My bonus for pulling that off? $800. My boss did not take a bonus.
Just yesterday I spoke privately to some one who was banging his head against the wall with his corporation who was "saving" $60,000 by not doing something that would have made them millions over the next year or two. 60 grand is pocket change and they would not go over budget or take a loss for one quarter to invest in their own business. He is looking for another job because he says that his division will be unprofitable and end up shutting down within three to four years due to lack of equipment maintenance. In that time frame the fixes will have become far too costly. Over 100 people will end up out.
There's an old saying in the business world. You have to spend money to make money.
I am "fortunate" to have dropped out from that world in 2000, before the changes occurred.. In my day loyalty meant something, quarterly losses were fine if you demonstrated the investment on and on... Matter of fact people who did not reinvest and take risk where history... I loved it big time "Vegas" High roller... Gut tells you to double down do it.!.. Share holders and stock prices were not what drove the business decision completely. (All be it I worked for a 20M branch of a 100M Finnish company so the US stock market was not an issue.. GE did pick us and pay 30%+ of market value...So that put an end to our fun... I did get some one wealthy though...
That is when I said see ya later..
No complaints though...
ON
That is when I said see ya later..
No complaints though...
ON
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Hey, what happened to those old hippy communes, where everone pulled their weight, and shared equally, or was that just a distant socialist dream, until they realized that everyone wanted to drive the tractor and noone wanted to pick the beans?
Quote:
THey all got stoned and no work got done..
THey ate all the beans when they got the munchies...
THey all got stoned and no work got done..
THey ate all the beans when they got the munchies...
Quote:
THey all got stoned and no work got done..
THey ate all the beans when they got the munchies...
They spent the seed money on reefer.
THey all got stoned and no work got done..
THey ate all the beans when they got the munchies...
They spent the seed money on reefer.
Quote:
THey all got stoned and no work got done..
THey ate all the beans when they got the munchies...
They spent the seed money on reefer.
Seriously though, I believe the communes were more of a communist model, NOT a socialist model. In socialism you are still rewarded for hard work. It is just that you attempt to keep the majority in the middle, pulling up the fallen from the bottom, with some of the good fortune from those that have succeeded the most. A way to maintain a strong middle class.
ON
THey all got stoned and no work got done..
THey ate all the beans when they got the munchies...
They spent the seed money on reefer.
Seriously though, I believe the communes were more of a communist model, NOT a socialist model. In socialism you are still rewarded for hard work. It is just that you attempt to keep the majority in the middle, pulling up the fallen from the bottom, with some of the good fortune from those that have succeeded the most. A way to maintain a strong middle class.
ON
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