Quote:
Originally Posted by Seahawk
And this generations icons will fall as well.
My partner and I talk about this all the time: How do we manage success, grow gracefully, avoid becoming Sears and K Mart? We see so much isolation between engineering, contract and program management we wonder how anything gets done.
Sounds haughty, but even at out level, management mistakes for large and small companies are eerily the same...there are any number of books on the subject.
We meet the second week in January with the owner of a failed high end grocery store in our medium-sized town. The space is perfect for us and we'll get it for essentially nothing since he made all the classic financial mistakes.
We have no debt, own everything outright and are able to manage our overhead and cost structure to reflect that.
That and we know what we do well as a business and find partners that match our ethos in areas we do not want to be in.
Amazon will goon it...nothing changes in business other than change.
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The trick comes when you and your partner(s) are ready to check out, how do you set your company up to survive/thrive with less emotionally attached management. You would die for your vision, they won't. Not insurmountable but a reality many business owners simply don't comprehend.