Archive for the 'General Business' Category

Is this in our future?

I have more than one acquaintance that believes we are headed for days like this:

Play Money 2

If you don’t recognize the photo, those are children playing with the worthless currency of the Weimar Republic during the German Hyperinflation of 1921 to 1924.

In case you didn’t know it, the Fed is buying about 75% of U.S. government debt these days. If you don’t know how the fed creates money, you have some studying to do. I’m not certain we are headed for hyperinflation but there are many that are very wary of the situation we currently find ourselves in.

Starting a Bike Shop

Starting a Bike Shop.

Very nice post on the economics of starting a retail business. It gives good information on start up costs, margins and operations. The one thing lacking that I would like to know about: owner compensation. The owners claim success, but we have no way to evaluate their statement.

Also, reading about the success of one small business makes it seem so easy. It is not.

What percentage of these little partnerships actually make it to store opening from that initial conversation? How many of these little partnerships make it through the first year? How many of these little partnerships make it through to paying off the bank debt?

All questions I’d like answers to.

I need to go study the relationship between the size of the initial capital investment and success in these types of business. I think capital helps. Obviously. But I also think the execution of operations is more important. A large capital base and crappy execution just delays the onset of failure.

I think about these issues often as I reflect on the woulda, coulda, shoulda of my kitchen design studio I was forced to close in 2008.

This is aggravating

From the WaPo: Companies won’t even look at resumes of the long-term unemployed.

So what do you put on your resume when your formal employment ended about a year ago? Most of us in this situation are doing what we can to bring in some money, most of it rather mundane and none of it related to our last position or our current aspirations.

Of course it doesn’t help that HR is involved in the hiring process. It is rather incredible how the current HR systems in use make it almost impossible to contact a human. For those of with some rather traditional (and still valuable) skills, it is often difficult to find an address for the firm to put on your cover letter.

I have been thinking about putting up one or more posts a day was I look for work. I’ve been reluctant to do so as I don’t want things to become maudlin should this process take much longer. But like much of what I’ve put up here, I like the record of my thoughts and what has caught my attention over the years. I think it helps my kids understand me better. I pretty certain it also helps my wife understand things too. Now she can just search the blog instead of wondering, “What the hell was that all about?”

Vintage Ads

Vintage Ads.

Check it out:

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I’m reminded of the guy I know that painted, “I dreamed I painted the water tower in my maidenfrom bra,” on the water tower at St. Kate’s.

He was quite a celebrity in his day. Stuffy DC journalist now.

You can see the Eagle Ford Shale gas boom from space!

Check it out:

 

Eagle Ford Shale

The Eagle Ford Shale Boom from Space, Scientific American. Do go read the whole thing.

Hat tip: Bird Dog.

Witnessing my generation’s gold rush

Witnessing my generation’s gold rush | Photographers Blog.

One photographer’s trip to the oil fields of North Dakota. My question: Can a old guy like me get in on that gold rush too?

What Is the Rolling Stones’ Best Song?

They’re conducting a poll over at Rolling Stone.

Only a few people are getting the answer correct.

Again all you have to do is press this button to hear the best Rolling Stones song. And like one commenter said, the poll is asking for the best Rolling Stones song, not your favorite.

The Gormogons: Suit Against Bank of America Is Baseless

It really is total bullshit.

The advice that ‘Puter offers the defense counsel is very good. Not a chance in hell it will happen that way, but very good still.

The notion that BofA defrauded Fannie and Freddie is nonsense on stilts. The only fraud perpetrated was the one against the taxpayers. I’m one of many that paid more than our share for the 2008 meltdown.

Again with the Higher Education stuff…

I keep seeing these articles: Finishing School.

I know there is a business opportunity in here somewhere. Both high schools and colleges are doing such a poor job with so many kids. They just don’t know how to work.

I also know that if I wait until everything is in place, the opportunity will be gone.

The Whole Experience has been Bittersweet

I’m going back to Dallas tomorrow night.

I’m really looking forward to seeing my wife and children. It’s been over five months since I last saw them. I’m looking forward to seeing all my friends and relatives. I’m also looking forward to enjoying certain food items.

As you can see from a few of my recent posts, I have managed to have some fun while here on the island. It’s kind of hard to leave behind my new friends. My social life has finally started rolling. I even went to a wonderful dinner party Saturday night. The first one in my nine months on the island. As a result of the improved social life, I finally have become comfortable here. It began about 6 weeks ago.

I’m leaving the island. And by any measure the whole nine months has been a failure. I came here all excited about the venture. I was going to be part of starting a new school. A school that over time would grow into an international brand in education. My excitement was crushed my first day on the job when I finally learned about the structure of the organization. It was clear to me that the manner in which the school had been staffed was going to be a problem. It was clear to me that I should have quit on the first day and flown back home to beg for my old job. I decided that I had signed on for a year and I could manage one year anywhere doing anything. I mean, come on! I spent three years on active duty in the Marine Corps. I’ve been married over 20 years. I certainly could handle a tough working environment for one year, right? I was also being paid handsomely to do so. It should have been easy enough.

But a tough job where you don’t get paid really sucks. Nine months away from home when I’m not sending the money I was supposed to send home sucks even worse. A tough job, with no pay, half way around the world from your family Really. Sucks. Big. Time.

I’ve thrown in the towel. I will return to Dallas, landing Wednesday afternoon, more than a little pissed about the whole affair.

I have thoughtfully examined my own effort. I have wondered, did I push hard enough to move the organization in the direction it needed to move? I believe I have. The only thing I could have done more would have been to just throw temper tantrums, yell at people and just be a complete autocrat. I don’t think that would have worked as I would have totally alienated myself from my coworkers and management. I would have been fired. I am comfortable with the effort I’ve put in here. I’m comfortable knowing that if I had been listened to a little more, the school would be in much better condition than it is currently in. I am also comfortable knowing that it would have been tough, under the best of circumstances, given the very limited capital available to the school at the start.

Starting a school is a difficult task. If you don’t have the capital and don’t have good people, there is no chance for success. It is only a matter of time before this place is completely shuttered. I feel sorry for the students.

I have talked to people from other schools, when I tell them how many students we have, how many accredited programs we have, etc. they all tell me that we’ve done an amazing job. I don’t feel like it’s been amazing as I know, acutely, how much financial trouble the organization currently is in.

I do have a return ticket back here. I will come back if I’m not paid. My boss does not want me back. I think it’s a good thing to have my return hanging over his head. I just might get paid what I’m owed.