Question for the business guru's here

[notyoueither]

Originally posted by Kidicious


If you don't want to offend me, stop being so stupid.

[BlackCat]

Originally posted by notyoueither


Just wow.

Honestly, I didn't dare to answer that - I was afraid that my .'ometer would go bezerk

[Kidlicious]

Originally posted by BlackCat


No offense, but I don't mind to offend you when you are stupid, just as you proved right here

It is of course a bit sad that you didn't catch the meaning of my Zimbabwe comment, but I'm not that surprised.

Ahhh, I take it that you think Zimbabwe is the only economic entity that keeps cash reserves in anticipation of a recession, and that you disagree with that strategy. That's why you are arguing with me.

Dumb ass.

[Kidlicious]

Originally posted by Felch
Kid, let's say you make a habit of going to the same restaurant every Saturday. You know the people who work there, you like the food and the atmosphere, and it's worthwhile to you to eat there instead of cooking your meal at home.

Let's also say that you work on commission, maybe you're a real estate agent, or a fine art dealer, or maybe you sling dope on a street corner. For whatever reason, your income is variable based on the health of the market.

If times are tough, is it disloyal of you not to go to that restaurant? The waiters and busboys count on you to be there for their tips. The cooks won't have as much work to do if you and your family doesn't show up. Should they expect you to save "excess" profits from good times, just to make sure you can afford a luxury when times are tough?

No. If you're a businessman, and you're flush with cash, the smart thing to do is invest it back into your business. Maybe upgrade your computers, buy new machine tools, or a more efficient modern truck. In bad times, there isn't as much work. Why should anybody be compelled to keep staff that's sitting around idle? It sounds like GT is keeping his workers informed, and encouraging them to take actions to help save money. That's really about all he can do. The company that keeps cash in reserve for a rainy day, instead of investing it into new equipment, training, or benefits for employees is going to be sitting on a big pile of cash while their trucks break down, and best employees quit for better paying jobs while the worst employees sit around and never get better.

If you had a scrap of common sense, people might be more inclined to take you seriously.

I don't have common sense but it's his business that is getting beat by the competition exactly because he didn't do what I'm saying he should have done and his competition did? That's just ****ing ridiculous. Please shut up.

[BlackCat]

Originally posted by Kidicious


Ahhh, I take it that you think Zimbabwe is the only economic entity that keeps cash reserves in anticipation of a recession, and that you disagree with that strategy. That's why you are arguing with me.

Dumb ass.

Wow - I surely don't wan't to know what kind of mushrooms you are on

What I said is that to keep a dying comany alive you either need a real huge pile of money or a moneyprinting press.

Heck, Kiddy, I'm really worried about what drugs you are on

[notyoueither]

Are you drinking tonight, Kiddie?

[Kidlicious]

Originally posted by BlackCat


Wow - I surely don't wan't to know what kind of mushrooms you are on

What I said is that to keep a dying comany alive you either need a real huge pile of money or a moneyprinting press.

Heck, Kiddy, I'm really worried about what drugs you are on

Who the **** said anything about a dying company you piece of ****?! I said keep a ****ing cash reserve. Now you you are going to do nothing but repeat a bunch of ingorant **** just STFU!

[BlackCat]

Originally posted by Kidicious


Who the **** said anything about a dying company you piece of ****?! I said keep a ****ing cash reserve. Now you you are going to do nothing but repeat a bunch of ingorant **** just STFU!

Kiddy, any company in red are "dying" and can only keep their workers if they have a very big pile of money or have their own money printer.

[BlackCat]

Kid, honestly, shut down your PC and go to bed.

[-Jrabbit]

Many businesses invoke a policy of exceptions to keep up with price cutters. My old company called it the MCP -- the Meet Competition Program. The idea was to permit one-off price reductions outside the bid policy in order to retain existing customers. There were restrictions base on cost of sales, and each MCP contract had to be individually approved at the VP level.

It allows the company to retain a semblance of pricing stability while still dealing with adverse conditions. This was a manufacturing concern, but it may be applicable in some measure to GT's situation.

[Grandpa Troll]

Originally posted by Felch
Kid, let's say you make a habit of going to the same restaurant every Saturday. You know the people who work there, you like the food and the atmosphere, and it's worthwhile to you to eat there instead of cooking your meal at home.

Let's also say that you work on commission, maybe you're a real estate agent, or a fine art dealer, or maybe you sling dope on a street corner. For whatever reason, your income is variable based on the health of the market.

If times are tough, is it disloyal of you not to go to that restaurant? The waiters and busboys count on you to be there for their tips. The cooks won't have as much work to do if you and your family doesn't show up. Should they expect you to save "excess" profits from good times, just to make sure you can afford a luxury when times are tough?

No. If you're a businessman, and you're flush with cash, the smart thing to do is invest it back into your business. Maybe upgrade your computers, buy new machine tools, or a more efficient modern truck. In bad times, there isn't as much work. Why should anybody be compelled to keep staff that's sitting around idle? It sounds like GT is keeping his workers informed, and encouraging them to take actions to help save money. That's really about all he can do. The company that keeps cash in reserve for a rainy day, instead of investing it into new equipment, training, or benefits for employees is going to be sitting on a big pile of cash while their trucks break down, and best employees quit for better paying jobs while the worst employees sit around and never get better.

If you had a scrap of common sense, people might be more inclined to take you seriously.

Thanks Felch,Blackcat

For the record, i am not laying anyone off.

We are, however, being prudent with an uncertain future timeline ahead of us.

Anyhow, is a great discussion and now, back to more Fallout3

[BlackCat]

Originally posted by Grandpa Troll


Thanks Felch,Blackcat

For the record, i am not laying anyone off.

We are, however, being prudent with an uncertain future timeline ahead of us.

Anyhow, is a great discussion and now, back to more Fallout3

Well, no sane company get rid of their most valuable resource unless there are no other choice

Have fun with that "stress releasing" program

[Grandpa Troll]

Originally posted by -Jrabbit
Many businesses invoke a policy of exceptions to keep up with price cutters. My old company called it the MCP -- the Meet Competition Program. The idea was to permit one-off price reductions outside the bid policy in order to retain existing customers. There were restrictions base on cost of sales, and each MCP contract had to be individually approved at the VP level.

It allows the company to retain a semblance of pricing stability while still dealing with adverse conditions. This was a manufacturing concern, but it may be applicable in some measure to GT's situation.

Yes, we have targeted a few key customers and upcoming contracts.

We have a solid base of bidwork commited to and we will be fine, we are currently only down 11-12%, most of that is the unstable housing market. Some because we tightened our credit requirements, took leins out,ect.

Im mid management, 2 VP's ahead of me and a President, so I have guidelines to follow, criteria such as prompt payment discounts,credit history, product usage, volume, callback,complaints, negative payment history, but am pretty much allowed to set the pace, because I have been in this Industry for 23 years Plus now.

I remember years ago hearing the term Paradigm Shift and believe you me, nothing is more different than it is right now, you must be Semper Gumby...ever flexible

[notyoueither]

Originally posted by -Jrabbit
Many businesses invoke a policy of exceptions to keep up with price cutters. My old company called it the MCP -- the Meet Competition Program. The idea was to permit one-off price reductions outside the bid policy in order to retain existing customers. There were restrictions base on cost of sales, and each MCP contract had to be individually approved at the VP level.

It allows the company to retain a semblance of pricing stability while still dealing with adverse conditions. This was a manufacturing concern, but it may be applicable in some measure to GT's situation.

I don't understand the concrete business really well, but I would think it's more like selling gas than manufacturing.

Builders call and ask for a load. If the builder calls and the price is whack, he calls the next guy. If there is a healthy market for 30 trucks, but there are 50 on the road, loaded, the price cutting happens pretty fast with a bottom feeder around. The guy answering the call has to have the knowledge and the power to make a deal.

It sounds like GT is on top of it. I'd need to know more about how the sale is made to offer any opinion.

[Kidlicious]

Originally posted by BlackCat


Kiddy, any company in red are "dying" and can only keep their workers if they have a very big pile of money or have their own money printer.

Retail companies are usually in the red for most of the year. That doesn't mean they are all dying. Seriously, you should stop trying to talk about business. You're just annoyingly ignorant.