On Mon, 20 Jun 2005 08:30:44 -0400, "Joseph O'Neil" <joneil@xxxxxxxx> wrote: > A few years ago I took a night course at the local university - >business school, first year. I thought it might help me run my business >better. I was wrong. > > What I did learn was the average MBA, from day one, is taught: > > 1) short term outlook - how much will I make in 3 months, one yar, >3 years, etc. By comparison, the average family business - the few of us >still around, in any feild - look at what do I need to do to ensure there's >something for my kids to take over. long term planning......."Tomorrow, we'll...." > > 2) the product is there to make a minium profit margin. If you >goal is 10%, and you product only makee 8", change something. The sad fact >is, if you have a product that , if left alone, consitantly makes a steady >8% or 5% profit, a small business person says "leave it alone - there's my >bread and butter", whereas the new MBA out of school doens't think that way >at all. Everything is grow, grow, grow, empire building, expand or die. If your goal is 10% and you make 8%, you have a 2% loss. This is how a former employer operated. > > 3) Workmanship, pride in what you are selling - right, what's >that? About the only sense or pride left is how big the profit margin is, >and how many beeps and bells and whistles it has - until the next new model >comes out 3 weeks later. :) Quality, schmality. Push the stuff out the door. Sad. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Retired Shop Rat: 14,647 days in a GM plant. Now I can do what I enjoy: Large Format Photography www.destarr.com - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ============================================================================================================To unsubscribe from this list, go to www.freelists.org and logon to your account (the same e-mail address and password you set-up when you subscribed,) and unsubscribe from there.