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Subject:
Just need a cupla good analogies please related tp spending little to gain big!
Category: Reference, Education and News > General Reference Asked by: johnfrommelbourne-ga List Price: $6.00 |
Posted:
15 Apr 2004 08:49 PDT
Expires: 12 May 2004 01:39 PDT Question ID: 330715 |
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There is no answer at this time. |
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Subject:
Re: Just need a cupla good analogies please related tp spending little to gain big!
From: probonopublico-ga on 15 Apr 2004 09:35 PDT |
Hi, John Many, many years ago, I used to work in the finance department of various big companies and they loved presentations (that nobody really understood) incorporating stuff such as Discounted Cash Flow. But I soon discovered that my job was simply to make the figures LOOK right - even though, in some cases, I knew that the project was stupid. I got pretty good at this and I quickly zoomed up the Corporate Ladder. Eventually, I was promoted to Chief Executive where I excelled at tearing such rubbish to pieces. Nevertheless, I recognised that money needed to be invested on basic essentials like plant refurbishment, automation and stuff that would improve productivity and quality. The benefits were impossible to quantify but I felt, intuitively, that they were right. So, I adapted the discredited techniques to PROVE the viability of the investments that I wanted to make. Happily, I was right and everything turned out much better than I had ever imagined with fantastic results on the bottom line. Of course, after the event EVERYBODY took credit for the improvements but what mattered was that I knew the truth. So, my advice is this: If you feel that something is intuitively right then lie outrageously to get your way. And if you don't ... Well, at least, you've done your best. Hope this helps! All the Best Bryan |
Subject:
Re: Just need a cupla good analogies please related tp spending little to gain big!
From: pinkfreud-ga on 15 Apr 2004 13:35 PDT |
My grandfather, who operated a small farm, used to say this of investment: If you don't plant a seed, you won't get a crop. |
Subject:
Re: Just need a cupla good analogies please related tp spending little to gain big!
From: pinkfreud-ga on 15 Apr 2004 13:46 PDT |
There's an old saying "You have to spend a penny to save a pound" (or "to save a dollar.") |
Subject:
Re: Just need a cupla good analogies please related tp spending little to gain big!
From: probonopublico-ga on 15 Apr 2004 14:14 PDT |
Here's another thought ... At first, if ever I got a great idea, I would gather my gang together and say, 'I've got a great idea ...' Big mistake. Their eyes would blank out and they all then set out to make sure that my great idea didn't work. So, latterly, whenever I got a great idea, I would pose the problem that it was designed to solve and ask the gang for solutions. Eventually, someone would hit on my great idea and I would jump up and down in excitement. 'What a great idea!' I would scream. Of course, whenever someone thinks that they've thought of a great idea all by themselves they will move heaven and earth to make it happen. It's harder initially but easier and more effective overall. (If you will agree to pay my First Class return fare from London to Melbourne plus 2 weeks in a top hotel, I'll be pleasantly surprised. But what a great idea, John!) Regards Bryan |
Subject:
Re: Just need a cupla good analogies please related tp spending little to gain big!
From: johnfrommelbourne-ga on 15 Apr 2004 23:28 PDT |
Yes and thanks Pink One and Bryan. Two comments of yours Bryan I think are particularly relevant and worth passing on to up and comers. Firstly you are spot on about taking the humble way of trying to steer others towards your idea at which point they take it on with a real zest and vigour cutting out a lot of selling work for the orignal thinker of idea. Secondly you are right when you show that there is no mathamatics or formula to show that refurbishments, equipment changes are going yto add to bottom line or improve attendance or whatever, rather it is just anintuitional thing; but how hard it is to get numbers driven people to se it that way |
Subject:
Re: Just need a cupla good analogies please related tp spending little to gain big!
From: probonopublico-ga on 16 Apr 2004 01:31 PDT |
John It was a really great idea of yours to provide me with a return air ticket to Melbourne. How soon can we do it? Bryan |
Subject:
Re: Just need a cupla good analogies please related tp spending little to gain big!
From: cynthia-ga on 16 Apr 2004 01:34 PDT |
Bryan, I have owned 2 businesses which comprised 17 years of my adult working life. Besides making me giggle, your comments are right on the mark. Thanks for the day brighteners... ~~Cynthia |
Subject:
Re: Just need a cupla good analogies please related tp spending little to gain big!
From: probonopublico-ga on 16 Apr 2004 02:03 PDT |
John If your budget can stand it, please make that two tickets. I suspect that Cynthia might be persuaded to join us. Bryan |
Subject:
Re: Just need a cupla good analogies please related tp spending little to gain big!
From: cynthia-ga on 16 Apr 2004 02:49 PDT |
Tickets? a suitcase full of something mysterious, maybe cash? I like the sound of it already... |
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