How to Fail in Business

      In my book, Business Fits, I have a chapter titled “Why do businesses fail?”   There are a lot of reasons but the number one reason is under capitalization.  Everything takes longer and costs more than you expect. 

        Franchise businesses do better than independent businesses because a good franchisor will not award a franchise to a prospect that is under-capitalized.  In my experience, divorce is a major cause of failure with franchises. Financial success and often long hours are hard on a relationship.  Divorce creates an under-capitalization situation.

        One thing that can guarantee a business will fail is if you run it like the federal government operates: 

·       Spend and borrow money like there is not tomorrow with no plan to pay it back.

·       Hire friends and relatives who are not qualified.

·       Hire more staff than is needed and pay them without regard to performance.

·       Hire people based on race and gender, not qualifications.

·       Spend too much on unnecessary studies. 

·       Spend a great deal of time on things that don’t matter or are out of your control.

·       Make your organization top-end heavy with too much management and not enough production.

 

        Run your business like the federal government, and you will fail.  The federal government is corrupt and incomplete beyond belief.  It is hard to believe the Marxist Left wants big government to control every aspect of our lives.

 

        I don’t know who wrote this, but I find it hilarious. 

 

A toothpaste factory had a problem: they sometimes shipped empty boxes, without the tube inside. This was due to the way the production line was set up, and people with experience in designing production lines will tell you how difficult it is to have everything happen with timings so precise that every single unit coming out of it is perfect 100% of the time. Small variations in the environment (which can’t be controlled in a cost-effective fashion) mean you must have quality assurance checks smartly distributed across the line so that customers all the way down to the supermarket don’t get pissed off and buy another product instead.

 

Understanding how important that was, the CEO of the toothpaste factory got the top people in the company together and they decided to start a new project, in which they would hire an external engineering company to solve their empty boxes problem, as their engineering department was already too stretched to take on any extra effort.

 

The project followed the usual process: budget and project sponsor allocated, RFP, third-parties selected, and six months (and $8 million) later they had a fantastic solution — on time, on budget, high quality and everyone in the project had a great time. They solved the problem by using high-tech precision scales that would sound a bell and flash lights whenever a toothpaste box would weigh less than it should. The line would stop, and someone had to walk over and yank the defective box out of it, pressing another button when done to re-start the line.

 

A while later, the CEO decides to have a look at the ROI of the project: amazing results! No empty boxes ever shipped out of the factory after the scales were put in place. Very few customer complaints, and they were gaining market share. “That’s some money well spent!” – he says, before looking closely at the other statistics in the report.

 

It turns out, the number of defects picked up by the scales was 0 after three weeks of production use. It should’ve been picking up at least a dozen a day, so maybe there was something wrong with the report. He filed a bug against it, and after some investigation, the engineers come back saying the report was actually correct. The scales really weren't picking up any defects, because all boxes that got to that point in the conveyor belt were good.

 

Puzzled, the CEO travels down to the factory, and walks up to the part of the line where the precision scales were installed.

 

A few feet before the scale, there was a $20 desk fan, blowing the empty boxes out of the belt and into a bin.

 

“Oh, that,” says one of the workers — “one of the guys put it there ’cause he was tired of walking over….. “every time the bell rang”.

 

            “The most terrifying words in the English language are: I’m from the government and I’m here to help.” – President Ronald Reagan

 

 

 

 Business Fits by Terry Oliver Lee is available on Amazon as an e-book or a paperback.     http://BusinessFits.com

Misinformation

         Misinformation is anything that does not agree with the Biden/Harris administration or the Lefts agenda.  It has absolutely nothing to do with being true or false.

        Restricting any speech by the government or social media is a clear violation of the First Amendment. It does not matter if it is true or false.  When the White House colludes with social media to tell them what is misinformation in their opinion it is in violation the Constitution in several ways.  The White House secretary has stated on two occasions that this is exactly what they are doing.

        I seldom agree with anything President Biden says, but he made a statement that I totally agree with last week.  When asked about restricting misinformation about COVID, He said “They are killing people.”  The only thing we disagree on is who “they” are.  He is referring to people following the science and trying to tell the truth.  I am referring to the Biden administration, Dr. Fauci, the Center For Disease Control, and the fake news.

        Let’s review some facts that are being suppressed.  According to the government’s Vaccine Adverse Event Reporting System, more people have died from the COVID vaccines than all other vaccines combined since they have been keeping records.   This make sense because the vaccines are all experimental drugs at this time.

        Judicial Watch just got data from the Veterans Administration concerning Vaccine complications. 

·       20 cardiac arrests

·       36 strokes

·       15 cases of deep vein thrombosis

·       10 heart attacks

·       19 pulmonary embolisms

·       26,000 less serious reactions – This would include my three delayed continuing reactions.  These cases are mostly people that have had COVID and then get the vaccine.

 

    The White House states that no one who has had the vaccine has died of COVID and this may be true.  But I doubt anyone who had previously had the virus has died from a later attack, except from a vaccine reaction.  Very few people under thirty have died from COVID.  The risks of the vaccine are much greater. 

    The push for getting everyone vaccinated is political and financial.  They want to take away people’s freedom, and many vaccine doses will soon expire and be worthless.  This may be the reason Pfizer is pushing for approval for a third shot to avoid these expirations.

    We must protect our First Amendment rights of freedom of speech, and we must get the truth out about the COVID vaccines. 

    I strongly recommend no one under the age of thirty get the vaccine.  The risk of heart or neurological damage far exceeds the risk of contracting the virus.

    No one who has had COVID should get the vaccine.  They have a natural immunity.  If you don’t know if you had COVID, get tested and see if you are immune.  You may have had a mild case with little or no symptoms.  The test should be a simple finger prick with about a fifteen minute wait.

    The response I get when I say this to my medical professionals now is, “I agree with you 100%.”  When I had my first delayed attack and spent most of the day in the emergency room, no one would even respond to my suspicion that it was a delayed reaction to the vaccine. 

    People over thirty who have not had the COVID  should probably get the vaccine.

 

 

 

Business Fits by Terry Oliver Lee is available on Amazon as an e-book or a paperback.     http://BusinessFits.com

Liberals

 There was a time when liberals stood for:

·       Love, not hate

·       Law and order

·       Racial equality

·       Parental rights

·       Election integrity

·       Secure boarders

·       Personal freedom

·       Legal immigration

·       A good work ethic

·       Religious freedom

·       Traditional families

·       Freedom of speech

·       Personal responsibility

·       Equal justice under the law

·       The Constitution and Bill of Right

·       Love for our great country and the flag

·       Educators that did not teach political propaganda

·       Educators that taught history, critical thinking &                  debate

·       Journalists that reported facts and not political                  agendas

 

        I believe in all these things, and I think most liberals still do too.   Most liberals are Democrats, but the Democratic Party no longer supports these ideas.  Why have Democrats allowed the radical Left to take over the Democratic Party with a Marxist agenda?

        Marxist’s are trying to destroy our country in order to achieve the goal of a Marxist government.  They are using race, open borders, and government overreach to destroy the country.

        We need liberals and a Democratic Party, but rational liberals have to take back control of their party.  If they don’t we will become a Marxist nation or the Democratic Party will cease to be a major political force.  The American people will not stand for another Biden/Harris joke in the Executive branch.

 

 

Business Fits by Terry Oliver Lee is available on Amazon as an e-book or a paperback.     http://BusinessFits.com

 

God Bless America

         I am so thankful to have been born and lived in the United States of America.  I grew up in the 1940s and 1950’s.  I graduated from high school in 1962 which was the same year as the movie American Graffiti depicting the time.   It was a great time to be a kid. 

        We celebrated Independence Day last Sunday.  Our Founding Fathers risked everything to declare independence and create this great republic.  They studied many types of government including the Greeks and Romans, and took the best of all.  It has been the greatest form of government in the history of the world.  We have experienced freedoms and opportunities like no other country.  That is why so many people have and want to immigrate here.

        One danger is that we have had it so good for so long that we assume it can never change, but it can and is.  Many people have been willing to risk or give their lives to preserve our freedoms. 

        If our country falls, it will be from within and not from a foreign power.  This was what our Founding Fathers tried to protect us from.  They wanted to limit the power of the federal government in order to protect individual freedoms.  Our unelected government bureaucrats have become way too powerful.   President Ronald Reagan said: “Freedom is never more than one generation from extinction.”

        We must preserve this great republic.   The radical left is trying to destroy the country in order to replace freedom with Marxism.  Marxism has never, and will never, work, but it is great for the political elite.  They want to divide the country by race using tools like Critical Race Theory falsely claiming systemic racism and white supremacy.  They want to erase history and brainwash our children into thinking the country is evil. 

        It is not too late to save this great republic, but we must get the facts and get involved.

       

 

Business Fits by Terry Oliver Lee is available on Amazon as an e-book or a paperback.     http://BusinessFits.com.