Quote:
Originally posted by LubeMaster77
Len,
I can't imagine what you are going through. It sounds pretty rough. I know of the companies I was with in the past, the ones that failed seemed to be something they were not or didn't settle in and focus. The business I am in now is show incredable growth in a very competitve, price sensitive business. We just decided to focus in on a few, somewhat conservative sectors. Prove out the concepts and translate to bigger markets. It gets a bit complicated.
The stuff you guys are going through is complicated for sure and there are more than likely several reasons why things have gone from bad to worse. I won't even pretend to have the answers but I would be very interested in the climate and the dynamics at play. What do you think happened? Would your guys agree? What do you think could have been done different? Remember Nokia? They didn't start out making cell phones you know.
|
Well, the easy answer is to say I'm in automotive [at this point people usually put a hand on my shoulder and nod knowingly]. But the reality is that some are still making money at this game. So..... I see our biggest flaws as lack of any sales infrastucture (we never had to sell, it came to us), and indeed a lack of focus or purpose. It's like a bad dream and you can't see through the fog.
I desperately want to switch to another market, but we have very little experience beyond the actual manufacturing side of things.
I have spent the last year or so juggling money and it consumes me. We are selling our building and leasing it back (closes in a week or so) and will have a very small amount of breathing room to turn things around. I do not absolve myself or my company, countless mistakes have been made. I imagine this must be what it feels like to stand at the gallows..........just get it over with already
In reality I know we can do something, I just need to get my head around it. As you stated it's a matter of focus but my nerves are effin shot right now.
Edit: Just reread that and it comes accross that I'm very depressed and have given up, that is not the case. I was more or less venting.