McDowell Memo: Today we are going to discuss a breaking incident in the press. As you have seen Ferguson Missouri has had racial type riots and looting most of the weekend, I want you to think about what you would do if you were the regional or divisional manager of a company such as Family Dollar that has been attacked and partially looted or an adjoining national company to this location. Do you send in security and try to guard your property? If so should they be armed? Do you just write off what happens and claim the loss? Do you remove as much merchandise as possible, secure the building as well as possible? Lets look at the message each sends to the community. First sending in security personnel does two things, it shows that you do not trust the local patronage to do the right thing. Plus it puts your employees at risk and should one be hurt could you justify the injury with any amount of merchandise. Next, let's think about whether armed guards woul...
Emergency Services dropping out of our ability to sustain As many of you know for the last 10 years I have railed against government imposing training standards and equipment standards on small and rural Fire Depts and Emergency / Ambulance Services. We now know see the impact of those increasingly restrictive regulations on local communities in Upstate New York. Many small areas have stopped providing EMS and the slack has had to be taken up by adjoining communities. In some cases the communities have gone to charging which if the medical insurance industry would lower the co pays to a reasonable amount might be somewhat sustainable. But, they haven't and I assume won't unless the state forces them to. On average the co pay is about $350 for basic and $500+ for Advanced care needs. If you are the poor senior citizen living on Social Security in a rural area this could mean the difference between paying the bill and eating for the month. Fire companys are not excluded f...
What is Business? We use this word for many things but they all have some basic essential parts. I define Business as the producer or developer of something sells it for a type of compensation. Such as an egg , the farmer using raw materials and chickens produces an egg this egg is then sold for a compensation in this case of money to the consumer. It applies to several types of “business” such as manufacturing, farming, services, government and education. Let’s look at each of these and how it meets the “Producer” ---“Sale”-----“Compensation” model. Let’s look at manufacturing, IBM builds a computer and sells it to Lockheed Martin to use in their products. IBM is the Producer, Lockheed the customer buys it for either money or another product (compensation). How about a service industry, Comcast (a cable company) provides a service (Product) cable service to a viewer in Chicago for a monetary fee per month (Compensation). Government is a little harder to follow but ...
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