dusty wrote: Ed in Tampa wrote:
Father to son through death then bankruptcy courts is NOT IMHO an 'ownership change'.
Father son. Two very different people. One built a business the other not so much so. One had a goal of an entrepreneur the other with the thought process of a business school graduate. Incidentally it is that mentality that is taking most American businesses down the tubes.
Makes today's bottom line look good and hope you have enough money so you don't have worry about tomorrow.
I am uncertain as too which mentality you speak but what is taking most businesses down the tubes is poor entry level planning and lack of insight into the business that they pursue. We have become a service oriented society. Just go out on the street and look around you. How many fast food places and car washes do you see. Do you see a place that fixes appliances or repairs furniture. I doubt it.
Go to your local high school and check out the curriculum. Do you find any with an industrial arts program; plumbing, electrical, metal working, automotive, drafting, wood working, etc.
This coupled with a demand for "top dollar upon entry into a profession or trade" doesn't help the economy or the job market. Small businesses cannot afford to grow.
What is the employment outlook, in your neck of the woods, for this years college graduates? I suspect pretty bleak. And what do they (the resent graduate) want to do? Go to Grad School.
College graduation of today is the high school graduation of the 80's, today you need a post graduate degree.
But that problem comes from society's thinking, anyone that does physical labor is viewed as having a undesirable job. So everyone goes to college but learn no trade so they become educated idiots that to get ahead must get a post graduate degree.
interestingly many of our youth are figuring this out and aren't going to college. They are trying to figure out how to get by without having a job. Sadly work seems like a distant idea to many.
Second problem is the grad school graduate are running things. The only thing they know is today's bottom line. They don't dream of a long successful careers, they dream of making it big and retiring. Their decisions reflect this thinking they will sacrifice long loyal customers and employees to grab a quick buck. To increase profit they layoff experienced workers so their bottom line soars. To increase profit they often sacrifice customers service to cut costs.
Their thinking is to increase profit, charge more rather than sell more which would require them to make more., which to them sounds like too much effort.
Society's values have shifted, today people do not desire to be known as good workers, they want to be known by how much money they have. Today people do not esteem a craftsman they only esteem fame and fortune.
America was built by people that understood hard work and character would built this country today it is ran by people that don't want to work and yet they want to be rich and unfortunately many will sacrifice almost anything to achieve that.