steven...you are very observant for a "poor farmer"
but that is the point that i am trying to make...i'm an "ignorant" business man, no mba, phd, economics background, whatever...but it is basic common sense, "profit" and "profit" alone is what drives and maintains the growth in a company...strong revenue stream is a mandate for low margin companies, for it needs same to exist...and in such a case growth comes from borrowing..so we get into a vicious cycle...a well capitalized company rife with profits can withstand the economic down turns, a revenue stream company collapses under the weight of high interest rates...
for the edification of the thread, i will repost the following, what is a bit more timely today:
OBJECTIVE: to achieve sufficient profit to finance our company growth and to provide the resources we need to achieve our other corporate objectives"
OBJECTIVE: to let our growth be limited by our profits and our ability to develop and produce technical products that satisfy real customer needs"
david packard, william hewlett, hp business objectives 1957
i guess they are "dummies" in the scheme of things as they are in today's educated world of business....imagine starting a company without the aid of a hyped high flying ipo...!!!!
so ya finished your chores for the day???<g>...good luck, ed a. |
