Burn It Down?

I’m saddened by all the small business owners in Ferguson, MO that have had their businesses torched by the outside agitators.

This is a subject that has gotten nearly no media attention…..none of the lamebrain media has thought more deeply that if the busineses where Fergusonians worked aren’t there anymore, where are the residents going to work?

Or does what seemed to be a nice little suburban town just shrivel up and die, and the residents who are of working age go on welfare?

It’s a golden opportunity for the Governor to step in and make loans available for the businesses to rebuild, or just outright grants. But then I think he’s a Democrat, so such an action would be out of character. Little Barry could also do the same through FEMA, but that’s a mental stretch for him, too.

Koch Brothers, anyone? Maybe the Mayor of Ferguson can put a post up on one of the crowdfunding sites. Be an interesting ploy. You read about it here first!

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C’mon over!

What a bunch of brickbrains we have in Washington.

Of course we should make it possible for 4 million formerly illegal folks to become citizens.

Has any of these clowns looked at the unemployment rate (if it can be believed) lately? We’re close to full employment, at least by the numbers. So, we should increase the labor supply.

But, there are probably a lot of underemployed people in American, because every time we’ve run an ad for one of our clients looking for a person, we’ve gotten good response.

But, we should do it legally. What in hell is the hurry Barry? Your legacy? You’ve futzed around for six years on this question, blown your political capital on Obamacare and you now want us to think that getting these folks approved is an emergency that requires an executive order? Gimme a break.

I think you’ve got the Congress’ attention. Repubs and Dems are both paying attention.

While you’re at it, and we hope some of the Washinton worthies read this, would you mind reinstating the 500,000 STEM visas that apparently (per Limbaugh) got dropped on the floor? This is you do things via the legislative process.

We’re gonna read the executive order to see if the STEM folks are in or out, and will report back. God forbid that the punditry should read it and actually opine on the FACTS.

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Don’t Be A Victim of an IRS Shakedown

Recently, Fox News reported that two small businesses had their bank accounts seized, one to the tune of $400,000, and the other, $35,000.

There’s something wrong with this reporting, because normally when the IRS seizes your bank account, it’s for back or non-payment of taxes, usually 941 taxes which are the ones for social security, unemployment, etc.

We ‘ve fished several clients out of the IRS’ clutches over the years, as well as being the subject of bank account seizures ourselves, so we’ve got some experience in this area.

We’d like to contact Fox for clarification, but they make it difficult to contact them. One’s email just goes off into the ether.

So, be forewarned. If we can help, call us at 1-800-716-9626.

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Chinese Business Proverbs

Signs of the times: business aphorisms inside one’s fortune cookie (Mao must be turning over in his grave): Here are a couple:

1.  A leader is powerful to the degree he empowers others.

2. A brave man is the one that is not afraid to admit his mistakes.

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OMG! Not Another Czar!

Jeez, if there’s one thing we DONT need, it’s another guy or gal to gum up the works with commentary on what the government is doing late and short on the Ebola crisis. They’re not exactly up to speed on the whole thing, and training someone new in the middle of a crisis isn’t a great idea.

A new czar would be a terrible idea, but about on a par with what we’d expect from Little Barry and the Minnions.

Where’s the Surgeon General? We actually have an acting one, but he’s been invisible. He’s a Medical Corps Navy Rear Admiral, so he ought to be able to ‘fleet up’ in a hurry if anyone asked him..

As a Rear Admiral, in the MC, he should be used to leading from the front, despite his title. Think back to C.Everett Koop on the smoking hazards back in the day. Right or wrong, he was out front on the situation and all over the airwaves. About what we need now.

Even though The Surgeon General isn’t an epidemologist,  at least he’s a medical doctor, which should carry some gravitas, and he could play off Freiden and Fauci.

C’mon Fox, get your intrepid folks on finding out what the SG has to say. Catherine Herridge and Jennifer Griffin are is a great investigative reporters, as is James Rosen.

Drs. Freiden and Fauci presumably work for Sylvia Burwell the presently invisible Secretary of Health and Human Services, but she presumably has no medical background or training, either, so she has nothing useful to say.

We know that leadership in the government is either in short or non-existent supply, but let’s try out the Surgeon General before we go flapping off with a new czar.

Moral of the story so far: use the people you’ve got in a crisis, and you’ll find out what they’re worth. Keep the good ones, fire the bad ones, but as we’ve said before, firing anyone is an anathema to anyone in this administration.

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Hero to Zero

We are looking for a small video camera to record Solutions Forum meetings and do courses for the School.

So, we trucked over to Best Buy, and looked around, examined specs and settled on a GoPro Hero….flashy packaging, well known name, ok price.

But, the packaging proved absolutely inpenetrable….the big thing was not getting the backing plate off so I could mount the camera on a tripod…but the whole thing was an exercise in frustration. So, the Hero went to Zero after I returned it to Best Buy (and they graciously accepted it, even with packaging in pieces).

The moral of the story is your packaging might get you purchases, but ease of use and good directions (neither of which the Hero has) will get you repeat customers. And, GoPro has lost a few in this, because I shared the problems with one group of my clients, who’d originally agreed to the taping.

Test your products with your target audience! Video the customers taking the product out of the package! What problems do they have? Are they still delighted all the way to use?

The Hero’s successor, from Samsung, is cute, but apparently has no directions for use, but we think we can intuit it.

What’s the matter with this product segment? The techies certainly aren’t talking to the marketeers.

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The Fixer: Marcus Lemonis

We’re glad INC Magazine put Marcus on the cover.

He has a unique set of skills, in going around the country and fixing people, process and product.

We’ve been fans of ‘ The Profit’ on CNBC ever since it came out.

The only problem we can see in Marcus’ approach is that he’s spreading himself too thin on his investments.

We have now, or will have, licensees for Solutions Forum in the areas where Marcus works: New York and L.A. What we offer through Solutions Forum is every-month followup and accountability. We’re known for developing solutions like the ones that Marcus advocates. We even have the ability to invest, if we like the opportunity.

So, Marcus, decentralize a bit and call us! 1-800-716-9626!

Those 40.000 businesses that want Marcus should call us, too.

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Memo to Barry: Fire Some People

We’ll assume you know that ‘Barry’ is President O.

Well, he could start with himself, but I guess we’re stuck with him for a couple more years. Your board of directors (us) doesn’t think much of you, and would probably fire you if you were in fact a CEO, but politics has different game rules.

Bret Stephens of the Wall Street Journal had the right idea: Barry better call Bush to review personnel. Bush liked Rumsfeld, respected him, but fired him when he didn’t do the job. Barry should do the same, like a good CEO.

But, in a broader sense, every CEO comes up against the fact that some of his team aren’t doing the job: Susan Rice, John Brennan, Chuck Hagel. Maybe John Kerry, but Obama hasn’t given him much to work with internationally. Maybe Jeh Johnson, the Homeland Security Chief, but he at least didn’t get chewed up and spit out by the dreaded Trey Gowdy, famed inquisitioner of Democrats. CIA: Bob Gates, give him whatever he wants to come back.

OK, if Barry were to fire some people, what does he do next? The Dems seem to be a hopeless bunch of hacks.

My thought is, that for the good of the country, Barry should hire some better people: Ray Odierno for SecDef (he looks the part, and is a good combat commander), Stan McChrystal for SecState (he’d terrorize our enemies), John Bolton for UN Ambassador. These guys know what they’re doing. Lynn Cheney for Homeland Security. Ms. Smooth, chip off ‘ol block. Trey Gowdy for Attorney General.

There you have it.

PS: The essence of leadership is admitting personal responsibility for all those underperformers, too.

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Discipline Your Employees!

We were watching the Arizona Cardinals play the San Francisco 49ers on Sunday afternoon, and it couldn’t escape us that the 49ers really beat themselves by a large number of personnel infractions against the Cardinals.

Do your employees beat themselves by making silly mistakes?

We’re as fond as anyone else of sports analogies, and we hope it’s not too much of a stretch, but Jim Harbaugh, the coach of the 49ers, really needed to discipline his players when they made stupid mistakes. It being football, yelling on the sidelines might not have been a bad idea, while the player’s sub is playing a few downs.

Harbaugh isn’t known for being a low-key guy, so we’re mystified why he didn’t exert more discipline on the players.

We’re also not sure that Bruce Ariens, the coach of the Cardinals, being a crafty old gent, might not have told his team before the meeting that the 49ers could be provoked into silly penalties.

There comes a point when stupid mistakes just can’t be tolerated, and the 49ers clearly went past that point.

So, the point for you employers out there is how many mistakes do you tolerate from your employees before you pull them aside for a bit of education? Let’s hope they’re more willing to accept education than some of the 49er players.

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The Good News and Bad News About Bank Overdraft Charges

Yeah, those annoying charges that happen when the timing of cash inflows and outflows isn’t quite right. We don’t keep much extra cash in our business account, preferring to buy corporate preferreds with it.

The good news, at least for our bank, Chase, is that at least they pay the items that cause the account to go upside down, but they charge $34 per item. We think this charge is pretty standard among the money center banks (Chase, Wells, BofA).

Now, it’s always fun visiting with our business banker to remove some of these charges, but after the last visit, we got thinking about this interest rate on the overage balance.

We got charged $34 for the lending of an average balance of $500, over about a week, which is a computed interest rate of  6.8%, which works out to an annual rate of 353.% which is just a tad over most state lending rates.

My proposal to Chase was that they, at the end of the overage, compute the average balance overage, say $500, and put their normal business lending rate of, say, 10% on it, which would result of an overage charge of $.96. A bit better, and under the state usury laws.

So, we would ask that all you business owners reading this blog go have a similar chat with your business banker, and let’s see if we can get a groundswell going.


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