Wed Apr 06, 2011 10:45 am
Wed Apr 06, 2011 2:12 pm
Wed Apr 06, 2011 4:27 pm
Darth Invader wrote:...Over time, we'll grow slowly as we find more talented people who really want to be part of building G&Ls, but we're not rushing to crank up production....
Wed Apr 06, 2011 5:24 pm
Wed Apr 06, 2011 5:48 pm
Dick Seacup wrote:Darth Invader wrote:...Over time, we'll grow slowly as we find more talented people who really want to be part of building G&Ls, but we're not rushing to crank up production....
Dave, can I ask you a business-related question? I will understand if you can't answer directly, but I have an interest in this sort of thing. First, let me state that I have a, er, peculiar take on The Business Purpose. Well, it's only peculiar in light of modern attitudes, because it was the standard for a very long time. So, maybe antiquated is a better term to apply. Essentially, I hold that The Business Purpose is "to increase shareholder value over the long term." I think it's a very simple concept, but it necessarily limits the pursuit of short-term gains (or chasing stock price) by forcing a longer time horizon (long term view) and also focuses the entities energies on "shareholder value" not "stock market returns" or "immediate profits." Management is virtually chained to the notion of doing what is right for the organization "over the long term" as opposed to what might line their own pockets in the here and now.
You say that you are planning on growing slowly. I actually *like* to hear that from a company. It tells me they aren't caught up in the share price/short term profits arms race. Usually. Now, I don't think you folks are publicly traded, but that's beside the point. Would you say that your management team focuses on the longer term view and sees slow, but steady growth that enhances the value of the going concern as preferable to raking in short-term profits via various schemes which ultimately shorten the life span of the enterprise?
Sorry for hijacking the thread, but, well, I find these things fascinating.
-John
Thu Apr 07, 2011 12:14 am
Tue Apr 12, 2011 10:51 am
Tue Apr 12, 2011 4:55 pm
Darth Invader wrote:sure it's OK to ask this; nothing trade-secrety about it. I was a business major at USC and did my MBA at Pepperdine, so I'm familiar with the concepts.
Often it's not an either-or, short-term vs long-term view, but which needs focus at the moment. As in, "holy <censored word> the numbers are coming in like crap and we've gotta do something quick" or "the numbers are really good this quarter; now how about we polish up our mission statement then go have some lunch?" Everyone feels it at some point.
Now, when you're a public company, it's a whole different bag than when you're private. Far more pressure for actual short-term performance, or at least window dressing that suggests there will be strong performance, well, pretty-soon-just-bear-with-us. In a private corporation, even one that's not a VC-funded start-up, you can have investors that are very demanding for the short-term. A few companies in our industry are feeling that heat quite strongly at the moment. Fortunately, this company is, in my opinion, in a much better position to create long-term value because we don't have short-term demands.
I like to make money as much as the next guy, but for me, this is more than a business. It's a passion. I love this place, the people, the products, and I'm proud as hell of it. I want to be even more proud of it 20 years from now.
Tue Apr 12, 2011 5:22 pm
Sun May 01, 2011 4:09 pm
Sun May 01, 2011 4:52 pm
Sun May 01, 2011 6:19 pm
Mon May 02, 2011 5:30 am
Mon May 02, 2011 3:28 pm
overt1 wrote:Common options probably do come quicker since I ordered my legacy with only the gun oil tint option, and the dealer quoted me 2 month... But it was ready in 2 weeks. I almost think they have everything made already for mine, and they just had to quickly put it together