Payrolls Plunge To 88K, Biggest Miss Since Dec 2009, Part Rate At New 30 yr low

[Lucrum]

Quote from RCG Trader:

Most of the wingers on this board have never run so much as a popsickle stand.

You are talking to people who know nothing about business besides working for one.

You work for one. Third shift in a small town no less.

 

[Tsing Tao]

Quote from bigarrow:

There isn't much difference running a small business now than before IMO. As long as everyone is competing under the same rules then it should be a level playing field. Example: Bidding government work in construction has always carried more insurance and financial requirements and that raises the cost of doing business but everyone bidding those jobs are working under the same rules so it doesn't change the competitive part. The most efficient or hungry gets the job. There are always excuses on why people can't make it. It's tough in business and always has been. It is easy to start a business and hard to be successful.

??

Dude, doesn't have to do with how one person is in relation to another in starting a company. Has to do with whether it is worth it to spend one's capital and time on an enterprise that won't be rewarding. If costs outweigh yield and profit, then people opt out of wasting their time.

 

[Tsing Tao]

Quote from RCG Trader:

Most of the wingers on this board have never run so much as a popsickle stand.

You are talking to people who know nothing about business besides working for one.

bigarrow is talking to me. Are you qualifying your comments directed to me? I just want to hear you say it before I offer a retort. Then we can compare business knowledge, you and your real world experience and me and mine.

 

[RCG Trader]

Quote from Tsing Tao:

bigarrow is talking to me. Are you qualifying your comments directed to me? I just want to hear you say it before I offer a retort. Then we can compare business knowledge, you and your real world experience and me and mine.

Go for it.

 

[RCG Trader]

Quote from Lucrum:

You work for one. Third shift in a small town no less.

A snippet in a 20 year career, Jeeves.

 

[bigarrow]

Tao I am no small business expert I just have a few years of hands on experience which may not be worth much. It's just my opinion from my narrow view of things out here in west Texas and eastern New Mexico.

 

[Tsing Tao]

Quote from bigarrow:

Tao I am no small business expert I just have a few years of hands on experience which may not be worth much. It's just my opinion from my narrow view of things out here in west Texas and eastern New Mexico.

Oh, I know, man. We're just disagreeing here, there's no animosity.

-Bath Tao

 

[Tsing Tao]

Quote from RCG Trader:

Go for it.

Great, I'll start. This is to counter your idiot statement that I know "nothing about running a business". It is not to brag, though I am proud of my accomplishments.

I was a partner in a martial arts affiliation that had three dojos. The affiliation actually had more than 3 schools, but they were owned by other individuals. We had over 500 students, 12 instructors and three locations. I ran the books. I sold my piece (because I was moving to Russia after accepting a position in my day job) I took a GM spot in a large CPG company as country manager for Russia and the former Soviet republics (Latvia, Belarus, Estonia, etc). While it was indeed a position working for another company, I had full P+L exposure responsibility. All decisions down to EBITA were mine, and some below EBITA were also mine (like tax and royalties).

I now advise a construction company that has 36 employees out of Miami and am the Regional Finance Director of a large multi national, with 2.4 Billion in sales on my P+L, of which I am the lead finance responsibility on a team of 5. Again, down to EBITA. The only normal finance function we do not cover in-house is payroll and benefits administration. But I've done both of those in spades, as well as being part of a PeopleSoft implementation team that designed those processes for a Swiss Pharmaceutical company with over 30 Billion in swiss francs.

That's my business credentials. I've skipped a bit, but just focused on the highlights. Now you go, please. I am assuming you have unsurpassed business knowledge if you find you can take shots at me for lack of business experience.

 

[Lucrum]

Quote from RCG Trader:

A snippet in a 20 year career, Jeeves.

You've been reduced to working for someone else AND relegated to third shift at that. Obviously your "career" wasn't doing so well.

 

[jem]

I have run small businesses since the mid 90s.
I owned a trading business with 10 to 15 traders.
Currently I own two small businesses.

A typical small business like mine is mostly hurt by the increase in taxes and the decrease in buying power of a dollar. (which is also a massive tax.)

But, we are all about to get completely hammered as the cost of our health care plans is apparently slated to almost double. Which is going to be a big problem for small businesses owners. Since most only have 1 to 5 employees.