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 [...]
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 [...]
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 chef) [...]
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 [...]
Like me, you probably watched as history was made today. There will always be those who will stand idly by and say, “Oh, it’s not possible.” For some, that is all it takes to kill their dreams. For others, they’re not put off by the fact something has never been done before. Like the dreams [...]
I talked to a young college student I know well the other day. He was trying to decide where he should work for the summer. His friends had all signed up with one company and wanted him to join them for the summer. But this bright young man had another offer that was significantly higher. [...]
There seems to be a propensity today, when we promote someone, to just, “throw ‘em to the wolves.” That’s right. It’s sink or swim time. Those who can, do. Those who can’t, wash out. Shoot ‘em through the tubes and see who sticks. Natural selection ensures that only the strong survive. That means in our [...]
I wrote yesterday about a store I frequent that was “like a ghost town” when I went in the other day. The guy who has handled my account there for the last few years announced when I saw him he was looking for a career change. He’s mid-forties and not exactly an ideal candidate for [...]
I got an interesting call today from a business to whom I’ve been pretty loyal over the last few years. I’ve never been a big customer for them, just one of those customers who buys regularly, pays their bills on time, and generally keeps things moving. This business (like many others now days) is struggling [...]
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