Re-engineering and Profitability
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From SQL Server Central.com: You see, the time I spend worrying about what tax expenses I can track is less time I have to spend worrying about generating more income. And that's where I see many corporations falling down these days. They worry more about expenses than revenue. Trimming expenses is all right, but the only way to grow a business is increase the revenues. Anything else is a short term fix. This is so true. Re-engineering, layoffs, cost cutting, off-shoring and all those talk about compensation and organization being "result-oriented" (a concept invented by MBA's) is for un-profitable businesses with thin or no priofit margin and people working their arse off for a plumber's salary. Profitable businesses are characterized by CEO with private jets, employee with stock option plan, engineers with nice cars, a company with a "reward oriented" (a concept invented by someone who's Not an MBA :)) culture, and a product that sells. Norman Fung
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From SQL Server Central.com: You see, the time I spend worrying about what tax expenses I can track is less time I have to spend worrying about generating more income. And that's where I see many corporations falling down these days. They worry more about expenses than revenue. Trimming expenses is all right, but the only way to grow a business is increase the revenues. Anything else is a short term fix. This is so true. Re-engineering, layoffs, cost cutting, off-shoring and all those talk about compensation and organization being "result-oriented" (a concept invented by MBA's) is for un-profitable businesses with thin or no priofit margin and people working their arse off for a plumber's salary. Profitable businesses are characterized by CEO with private jets, employee with stock option plan, engineers with nice cars, a company with a "reward oriented" (a concept invented by someone who's Not an MBA :)) culture, and a product that sells. Norman Fung
Sometimes you really do have to layoff to save the business. e.g. An export business in a country whose currency suddenly strengthens dramatically. My dad's business lost 40% of its revenues in just three months because the Rand strengthened against his main market, the Dollar. You can't tell me the business was running on razor thin profit margins to start with, 40% is a big margin to loose. And you can't turn an export company into an import company in a matter of months, they are very different businesses. But you do have a general point. Just don't say it is only for un-profitable or badly run businesses. Shit does happen. regards, Paul Watson South Africa PMW Photography Gary Wheeler wrote: It's people like you that keep me heading for my big debut on CNN...
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Sometimes you really do have to layoff to save the business. e.g. An export business in a country whose currency suddenly strengthens dramatically. My dad's business lost 40% of its revenues in just three months because the Rand strengthened against his main market, the Dollar. You can't tell me the business was running on razor thin profit margins to start with, 40% is a big margin to loose. And you can't turn an export company into an import company in a matter of months, they are very different businesses. But you do have a general point. Just don't say it is only for un-profitable or badly run businesses. Shit does happen. regards, Paul Watson South Africa PMW Photography Gary Wheeler wrote: It's people like you that keep me heading for my big debut on CNN...
Paul Watson wrote: My dad's business lost 40% of its revenues in just three months Sorry to hear that. Paul Watson wrote: you can't turn an export company into an import company in a matter of months... sh*t does happen. well said :) Paul Watson wrote: But you do have a general point The point is, we have our mind on cost cutting for too long, too deep. Instead, we should try to steer away from unprofitable businesses. But, what's profitable these days with China and India driving down price on everything except natural resources. Norman Fung
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From SQL Server Central.com: You see, the time I spend worrying about what tax expenses I can track is less time I have to spend worrying about generating more income. And that's where I see many corporations falling down these days. They worry more about expenses than revenue. Trimming expenses is all right, but the only way to grow a business is increase the revenues. Anything else is a short term fix. This is so true. Re-engineering, layoffs, cost cutting, off-shoring and all those talk about compensation and organization being "result-oriented" (a concept invented by MBA's) is for un-profitable businesses with thin or no priofit margin and people working their arse off for a plumber's salary. Profitable businesses are characterized by CEO with private jets, employee with stock option plan, engineers with nice cars, a company with a "reward oriented" (a concept invented by someone who's Not an MBA :)) culture, and a product that sells. Norman Fung
The same principle can be applied to the people complaining about SUVs on the road and how if we all drove (whatever their underpowered and less comfortable alternative vehicle) then the world would be a better place. Meanwhile they refuse to allow us to drill offshore or in 1% of ANWAR or build more refineries. Hmmm, subject for the soapbox....
Microsoft makes Digital Photos fun with Photo Story 3 and its free.
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From SQL Server Central.com: You see, the time I spend worrying about what tax expenses I can track is less time I have to spend worrying about generating more income. And that's where I see many corporations falling down these days. They worry more about expenses than revenue. Trimming expenses is all right, but the only way to grow a business is increase the revenues. Anything else is a short term fix. This is so true. Re-engineering, layoffs, cost cutting, off-shoring and all those talk about compensation and organization being "result-oriented" (a concept invented by MBA's) is for un-profitable businesses with thin or no priofit margin and people working their arse off for a plumber's salary. Profitable businesses are characterized by CEO with private jets, employee with stock option plan, engineers with nice cars, a company with a "reward oriented" (a concept invented by someone who's Not an MBA :)) culture, and a product that sells. Norman Fung
I think it's part of where you are in the market's cycle. If you're smack in the middle of a boom, companies will spend more money to make money. During a recession, however, when it's tougher to get at other people money, it makes perfect sense to trim the fat. BW
I want pancakes! God, do you people understand every language except English?
Yo quiero pancakes. Donnez moi pancakes. Click click, bloody click pancakes!
-- Stewie Griffin -
I think it's part of where you are in the market's cycle. If you're smack in the middle of a boom, companies will spend more money to make money. During a recession, however, when it's tougher to get at other people money, it makes perfect sense to trim the fat. BW
I want pancakes! God, do you people understand every language except English?
Yo quiero pancakes. Donnez moi pancakes. Click click, bloody click pancakes!
-- Stewie Griffin -
thank you. :) BW
I want pancakes! God, do you people understand every language except English?
Yo quiero pancakes. Donnez moi pancakes. Click click, bloody click pancakes!
-- Stewie Griffin -
From SQL Server Central.com: You see, the time I spend worrying about what tax expenses I can track is less time I have to spend worrying about generating more income. And that's where I see many corporations falling down these days. They worry more about expenses than revenue. Trimming expenses is all right, but the only way to grow a business is increase the revenues. Anything else is a short term fix. This is so true. Re-engineering, layoffs, cost cutting, off-shoring and all those talk about compensation and organization being "result-oriented" (a concept invented by MBA's) is for un-profitable businesses with thin or no priofit margin and people working their arse off for a plumber's salary. Profitable businesses are characterized by CEO with private jets, employee with stock option plan, engineers with nice cars, a company with a "reward oriented" (a concept invented by someone who's Not an MBA :)) culture, and a product that sells. Norman Fung
norm wrote: people working their arse off for a plumber's salary Plumbers can make quite a bit of money. IIRC, the going rate is from $75 - $150 per hour.
Jon Sagara I said NO salt, NO salt on my margarita!!
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