Archive for December, 2007

Lessons on Business from Jacob Marley’s Ghost

Thursday, December 20th, 2007

Ebenezer Scrooge: “But you were always a good man of business, Jacob.”

Marley’s Ghost: “BUSINESS! Mankind was my business; charity, mercy, forbearance and benevolence were all my business. The dealings of my trade were but a drop of water in the comprehensive ocean of my business!”

These few lines from Dicken’s “A Christmas Carol” always affected me. It was a reminder that our work is not all that there is to our lives. And it also makes me think about how I go about my work.

Don’t get me wrong, I’m not advocating that a business has to be a give away charity or “nanny state” to its employees. The employee/employer relationship has to be a two-way relationship. After all, if business goes too long without having a positive cash flow and profitable sales, it will fail and be of no service to its employees, customers or suppliers.

What I am advocating is to think about how we go about developing that cash flow and earning our profits. Are we going to do it in a way that pushes people down or in a way that lifts people up?

The great thing about capitalism today

Monday, December 10th, 2007

     Sitting in the dentist’s office waiting to get poked, scrapped and drilled, I sat there starring at the out of date pile of magazines on the table in front of me. I scanned through one issue of Fortune Magazine and read one sentence that I think speaks volumes about capitalism today: “In today’s economy, a big idea is worth more than a big market share.”
     This is very true. The speed that companies’ industries, economic models and competitors change is so great that scale isn’t necessarily the only path to success. Having the next big idea is what really drives markets. As a matter of fact, that big idea doesn’t have to be a new idea either. It just has to be tuned, updated and executed well to change an industry. Think about the iPod. MP3 players have been around, technologically speaking, for a very long time. Yet Apple dramatically improved upon the MP3 concept and literally swept the world.
     What we all should take away from this is that any one of us can have that big idea. The question is then, what are you going to do about it?
     As a writer, I am forced to follow my own advice, so I did follow through when I got what I think is a big idea. Click on the link to find out more: http://www.designandbuildwithmetal.com/IndustryNews/News/waite_joins_drexel_metals.aspx
     More will be written over time about the “big” idea…