When Miami Banker Leonard Abess Jr. decided to cash out, he did what you and I would do — he remembered all those who had helped him be successful over the years. 471 employees received bonuses that added up to $60 million. The average per employee was $127,000. Lest you think Abess was only thinking [...]
I am amazed as I watch business come into existence, grow, mature, age, and die. I’m thinking of the company from which I buy propane. I have bought from them for years. I remember when they first knocked at my door. They wanted my business, and they were willing to do anything to get it. [...]
Today I’m taking a departure from my regular business diatribe and posting some quotes (a very long list of quotes) from our founding fathers that I find particularly meaningful in light of today’s situation. Maybe you’ll enjoy some of them too. If you have others, please post them in the comments section. Sorry for the [...]
Have you seen what’s happened at the big banks lately? With the new “stimulus” package passed by congress last week and signed by the president today, any bank who took over $XXX dollars in TARP money is restricted in how much they can pay their employees and managers. Not only that, they’ve been instructed to [...]
My favorite restaurant (a Japanese / sushi place) closed awhile back. The business had grown from nothing into a thriving business in about 3 three years. They had expanded into larger and larger facilities and were going gangbusters — when the bottom fell out. Apparently the owner (who, as in most cases, was also the [...]
That’s what it says in an article today in Newsweek. The question is not, as the republicans would have us believe, whether we will become a socialist state (according to them we already are) but how we will deal with it in the years to come. You’d better read this one. It will have far [...]
In my mind, the key to success in business is putting what you want most in front of what you want now. People who are successful (think of all the successful people you know) have an uncanny ability to put off the desires of today for the chance to reap the bounties of tomorrow. How [...]
06 Feb
Posted by awebb as Customer Service, Management, Public Relations
Well, I finally did it. After almost 20 years of using the Day Timer time management system instead of Franklin, I made the switch — which probably isn’t remarkable until you know the circumstances. I love Day Timers format. I’ve used it forever and I prefer it. Always have, always will. I have never cared [...]
Having custom software developed is a place where many growing businesses stumble. I recall one company I worked with briefly that had already invested tens of thousands of dollars (it might be over $100K by now) and after two and half years, they still didn’t have what I (or anyone else) would call functioning software. [...]
I was shopping in a businesses known for it’s culture of treating employees well when I overheard a pretty disturbing conversation. Now, before I go too far, I wasn’t eavesdropping, these people were just talking louder than they should have been and I couldn’t help but overhear. It went something like this: First Man: So [...]