An associate quotes Franklin D. Roosevelt's 1933 inaugural speech, " . . . . we have nothing to fear but fear itself."
This may be true, but difficult to understand if you are one of those that just lost two household incomes. The next horror story is that your residence is in a state that just announced that their unemployment insurance fund is broke--but subject to another Federal rescue.
Broken, the economy's roller coaster is speeding down out of control to what appears as a long flat track. We will reach the incline, eventually, but it will be a difficult climb after losing the momentum.
Disquieting and unconscionable are the continuing accesses of big business. For example a 50-million dollar jet for CITI Bank after their announced 5-billion dollar bailout. Or unbelievable "pork" in our government's spending policies.
Where has integrity, loyalty honesty and common sense gone to? The daily newscasts are peppered, daily, with new scams and fraud perpetrated on believers. And, credit card companies are still asking "what's in your wallet?" Good lord people, wake up and demand control.
Tuesday, January 27, 2009
Friday, January 23, 2009
Yes, I have felt the lethargy of the world economy and the uncertainty of business development too. Yet, I hearken to the positive things that I see despite the death knell of over extended businesses.
I believe there is money out there for those manufacturing and retail businesses that have been judicious in their borrowing and spending.
Luckily, I am still called on to look at businesses, not always looking for money, who live on because of good conservative management. Recently I have seen a business that is in trouble because their market is slow, not because there is no market for their product. What I noticed was old machinery and several employees.
On the same day, I inspected a very well run manufacturing company, over fifty-years in business, that keeps up with high-tech manufacturing and efficiency. They buy new machinery, implement new process innovations, and have NO DEBT. This facility doesn't speculate. They know that they stand on solid ground before they spend money.
One thing struck me about this well run company. They have new CNC or late model machinery, and a new CAM program, but the owner's and employees desks and office equipment is plain and probably from the 1960's. They put their money in the meat, not the trimmings.
I believe that those of us who believe that products should be made here in the U.S. with U.S. skills and technology will get through the business slow down. The malaise is monotonous, but those of us who focus on quality will live through it.
I believe there is money out there for those manufacturing and retail businesses that have been judicious in their borrowing and spending.
Luckily, I am still called on to look at businesses, not always looking for money, who live on because of good conservative management. Recently I have seen a business that is in trouble because their market is slow, not because there is no market for their product. What I noticed was old machinery and several employees.
On the same day, I inspected a very well run manufacturing company, over fifty-years in business, that keeps up with high-tech manufacturing and efficiency. They buy new machinery, implement new process innovations, and have NO DEBT. This facility doesn't speculate. They know that they stand on solid ground before they spend money.
One thing struck me about this well run company. They have new CNC or late model machinery, and a new CAM program, but the owner's and employees desks and office equipment is plain and probably from the 1960's. They put their money in the meat, not the trimmings.
I believe that those of us who believe that products should be made here in the U.S. with U.S. skills and technology will get through the business slow down. The malaise is monotonous, but those of us who focus on quality will live through it.
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