05-10-2016, 06:44 AM | #27436 |
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@Verbiage hey man. Over at M2 forums (your favorite place), Vibe is looking for sponsors - sounds quite Stance-y. However, they posted some pics. One had a girl I think you'd like. So long any good father, I'm bringing her to your attention. No, not the blonde.
(PS: I'll be she HATES that picture. This picture is the reason people learn angles. Heh.)
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05-10-2016, 06:44 AM | #27437 |
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Dad! I'm okay.
I actually thought about you and jtodd_fl during this week; I am meeting tomorrow after work with the father of one of my good friends, he owns a lucrative flooring company that has been in his family for a few generations, and they are very well off. He's happily agreed to sit down and chat with me over sushi regarding some questions I had for him. I'm not sure if I want to enter the realm of true entrepreneurship or command a higher level of an existing organization (finance director, operations, etc.; not really into the customer aspect of things, much, although I do expect to encounter stakeholder interaction), but I wanted to pick his brains concerning some things that have piqued my interest during my current business coursework. Let me know if these topics are okay, or what kinds of questions I should be asking: 1. Startup capital? (Sponsorship, investors, stakeholder influence) 2. Origin? (Hereditary, company derivative, determination of market needs) 3. Hindrances? (Roadblocks, financial overhead, revenue-profit margins) 4. Maintenance? (Budget prioritization and adherence, land/labor/capital, weight of production factors when executing business duties on management scope) 5. Environments? 5.1 Economic and legal - international trade, government regulations 5.2 Technological - how this has changed scope of business over course of tenure, how has it increased/affected marketability and effectiveness 5.3 Competition - how is customer importance/satisfaction regarded, and how is it enforced; what are differentiating stakeholder characteristics 5.4 Social - promotion of diversity, level of importance and implementation of best ethics practices within corporate environment
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05-10-2016, 06:47 AM | #27438 | |
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I have also seen that car around social media. I don't like it.
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05-10-2016, 06:48 AM | #27439 | |
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05-10-2016, 06:50 AM | #27440 |
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EDIT: For my previous TL;DR post, I was thinking of maybe assisting with some of the data manipulation for him or seeing how I could assist, freelance even, just to have some real exposure to the workings of things, from a higher level.
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05-10-2016, 07:03 AM | #27442 | |
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I made a few comments in RED. This is quite a bit of subject matter to cover and I would recommend either a singular focus on a single aspect for a deep dive or a more broad overview of his experience the business. Just my .02. |
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05-10-2016, 07:16 AM | #27443 | |
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Sorry for the "Environments" confusion. Lol, that's why I'd added the 5.1-5.4, they are encompassing for the "Environments" section. Okay, so multiple sushi dinners, then?
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05-10-2016, 07:28 AM | #27444 |
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I have a framing question. Is the context of this a potential interest to go work there or is this more of a "tell me about entrepreneurship" kind of meeting. Like, you looking at this in the context of one day starting your own business or joining his?
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05-10-2016, 07:35 AM | #27445 |
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Ugh I woke up too early for no reason. I think I'm still excited from the track.
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05-10-2016, 07:50 AM | #27446 | |
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I wouldn't mind joining his though, doing some analytical work. Would certainly pay well, I'd hope. His son (my buddy) is definitely well off, apparently he handles the a large part of the sales aspect of things (dealing with clients, prospects, etc.).
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05-10-2016, 07:56 AM | #27447 | |
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Just my .02. |
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05-10-2016, 08:10 AM | #27448 | |
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I suppose the bulk of my customer "interactions" have not been on a level that I desired; i.e., lower-level customer service and retail. But with regard to a higher level of dealings, I would certainly jump at the opportunities.
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05-10-2016, 08:17 AM | #27449 | ||
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05-10-2016, 08:38 AM | #27450 | |
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05-10-2016, 09:17 AM | #27453 | |
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The global distribution networks involved in this enterprise are also a model worthy of further study. In most cases, the transportation network must overcome regulatory hurdles, natural barriers, and hostile competitors. Additionally, theft and diversion of the product from its intended markets can be a major factor which can have a negative impact on the bottom line. The security networks and vetting process that these organizations employ are also a model worthy of additional study. In the realms of personal physical security, production facility security, transportation security and human capital management they are unparalleled. With a well defined human resources pathway with almost no legacy retirement plans to manage, efficient production facilities and flexible logistics management, these organizations are on the cutting edge of efficient management and profitability which all should strive to emulate. I apologize for missing this sector. Thanks for the correction. Last edited by MKSixer; 05-10-2016 at 09:48 AM.. |
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05-10-2016, 09:19 AM | #27454 | |
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- Working under pressure - in adverse or ambiguous circumstances - Learning how to find value - Communication - speaking the language of value - Urgency I now that other disciplines benefit from these traits, but the reality is that there is a component of "sales" in every leadership position. When you lead, you learn to find out what matters to people (employees, investors, customers, suppliers, anyone...), you communicate to them in their language of value (aligning them, motivating them, pushing them). These traits are universal and sales gives people a unique blend of all of these things at the same time. No one is taught the value of urgency or how to be comfortable with ambiguity. Engineers hate ambiguity by nature, their internal language of value is "rightness" or "efficiency" or some other scientifically correct thing. Financiers are black and white people, there are laws and regulations and standards that explain how to do most of it. The people that excel in ANY field are the ones that take the necessaries and add a whopping dose of the intangibles. Someone who is technically proficient, but also adept at communicating and works with a sense of urgency and can quickly take a problem apart and build a solution to it (whether it is a technical problem, a financial one, a marketing one, a cultural one, an organizational one... w/e) is priceless Damn... that was going to be short...
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05-10-2016, 09:27 AM | #27455 | ||
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It really is a model of efficiency though... Their HR is far for efficient... There's no right to hire, there is no annual reviews, you get out of line you uhmm, get terminated, lol... Sure they they don't have 401K programs or medical, but they don't take out much in terms of taxes... Work from home, choose your hours, can move up quickly with tenacity, elbow grease and an unfortunate demise of the person above you... And they're an international thing... Not just mom and pop rug company... I feel like verbiage might not be looking at all options here... |
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05-10-2016, 09:30 AM | #27456 | |
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