General Business
Bail out the big 3?
Well, what do you think?
Should the Federal Government bail out the big three auto makers?
Yes and no.
Yes, because it would be the end of American business if the big three didn’t get help. Think about it. No help would end American business. It just would.
It’s a ripple affect. The big three will not only release workers [...]
Bad Loans
I met up with a client I hadn’t seen since June (2008) as I have been crazy busy. Back then he wanted to get his finances in line so he could buy the building in which he operates his auto service business out of.
Back then, we discussed how he did not qualify for a loan [...]
Is the U.S. in recession or not?
No, we are not.
Ladies and gentlemen, the U.S. needs requries three consecutive quarters of negative growth to be in recession. Despite what you hear via the American media, we are not in a recession.
Japan and Europe are in recession as they have different criteria to claim recession.
I believe Japan requries two quarters of negative growth, [...]
Know Your Business
So we know now that things are tough and we must manage our business as best we can.
What does that mean? How do we manage our business as best we can?
Maybe we should hire a consultant.
No, don’t do that…yet.
There are allot of consultants out there and in tough economic times like these, there are a [...]
What does it cost?
I thought this an interesting topic to cover.
The cost of information.
What is it you are wanting to know about your business, rather what would you like your business to tell you?
Some business owners operate off a “gut feeling”.
Hmmm, it might rain today, business will suffer.
Ladies and Gentlemen, that is not the type of information you [...]
What do we do now?
These are tough times ladies and gentlemen. Be prepared for things to get tougher.
Tougher that is if the media doesn’t put a lid on it.
Yes, there are issues at the macro level of the U.S. economy where we may not feel the effects of those issues until early 2009.
What is at issue is that all [...]
Organizational Management
As we all move toward making our businesses better and managing the difficult times ahead, we cannot discount the value of our human resources.
Our businesses depend on all of our employees where we need to foster the development of those employees rather than struggling through difficult employees or poorly developed management techniques.
There are many ways to foster [...]
American Capitalism
As we go into yet another week of turbulent economic swings, we must take into consideration what is actually occurring, rather what are the root causes of the failures of such giants as Lehman Brothers and Merrill Lynch?
I know what it is.
It is the inherent flaw that is the American capitalistic drive.
The sad thing is [...]
Bill O’Reilly, Bush and Oil.
I was channeling surfing for news on July 17, when I heard Bill O’Reilly thanking Americans for listening to him when “he” requested that we all cut back on our fuel consumption to send a message to “big oil”.
He mentioned that it was working!
“Americans have done what I asked them to do and that was [...]
Shame on IndyMac
As I recently discussed with students, IndyMac has no one to blame but itself.
Shame on you Mike Perry!
You too Angelo Mozillo!
For those of you who do not know the realtionship between these two rocket surgeons, IndyMac Bank was the brainchild of Mike Perry and Angelo Mozillo when they were both at CountryWide almost 17 years ago.
At [...]