Skip to main content

Identifying The Seventh Wave!!!

So now, the education begins. I had inherited a veritable sinking ship!! I had to have a strategy to survive the onslaught that was certainly coming. Now bear with me, because this gets a little bit philosophical. What you have to do is identify the seventh wave! The ocean is a great example of this because every seventh wave is the biggest, so to understand this you have to identify which problems are the seventh wave and compartmentalize them. Once you do that you have to identify which ones are potential tsunami's and which ones are just natural flows of the business and your daily routines. Once you have identified the biggest waves, those are the ones you are going to have to focus on first or else you drown. and the ship goes with you!
So that's what I did, I along with my team of people I had hired around me quickly identified the biggest problems and then broke them down into smaller micro problems. When you do this it gives you the ability to not be overwhelmed and the perspective changes along with the thought process that everything is insurmountable. That was huge! Obviously the biggest thing was the bank! Now that they had some traction and a mere thought of some security, they became more aggressive! I hate banks, I haven't met one banker who understands business yet,  I have met many business people who understand banks. I find that quite disturbing. But we will get to that. From the moment I took over, I had suppliers banging at my door, the bank was becoming more aggressive and the business was suffering, because it seemed like everyday was about putting out fires with things that had already happened, not implementing things that could transform the business. That is what I mean about banks, they are NOT your partner!! They lend you money and they expect you to conform with their formula and rules, once you don't, instead of trying to assist you, they turn around and become your nemesis. Maybe it is time that, that way of thinking is looked at also. But then there wouldn't be any need for these miserable "workout" divisions. I say they should change that and get a division in before those idiots and hire real business people and call it the "solve it" department. You know business people that have been there and really work with the company to help turn things around, instead of some knucklehead calling every day telling companies,"you know you are out of formula". Oh really, no shit! Do you really think we want to be "out of formula"? Anyway, everyday was a fight or struggle and to top it off, when businesses are in that position, all the banks do is suggest more professional, unqualified, do nothing services!! So you are struggling and they are forcing you to incur more legal fees, more accounting fees, more "workout" fees, all of which don't help you at all!!! You just get further in the hole!
That is why I have started a consulting business recently. I am on the businesses side! I could care less what the bank thinks and I work with the business owner's to try and straighten out what went wrong and keep the banks and all their impending costly suggestions away from these struggling businesses, so we can work collaboratively to find a workable solution!!
It is a very different model on the traditional bank authorized, professional services!! I am available for anyone who needs it!! Believe me it is 100x better than the alternative!! But anyway, as a new business owner, I was trying to be cooperative and I soon learned, that is the last thing you want to be!!
So really, if you are reading this and you have a business that's struggling contact me, I will help you, you not the bank you are in trouble with or the mess you are in! I can certainly assist you in that, but my target is bank's and you won't be sorry! Anyway, the mess I was in seemed nearly insurmountable, but There is always an answer or an agreed upon solution! I had no time to get my feet wet! It was sink or swim, in every seventh wave!! Joe

Popular posts from this blog

Has The Coffee Roasting Business In The U.S. Taken Its Last J.A.B.?#coffee#coffeebusinessnews

Has The Coffee Roasting Business In The U.S. Taken Its Last J.A.B.?
Unless you have been hiding in an unmarked oil well over the past few months, you already must have realized there has been a significant change in the coffee roasting industry. The $40 billion U.S. market has another bully on the block and watch out Nestle, these gentleman are playing for all the marbles.#entrepreneurship

Coffee beans, which is the second largest traded commodity in the world is apparently a target of one of the richest families in Europe. The Reimann family has not so quietly, been actively targeting U.S roasters and using a “price is not an issue" formula!



The cash is there, and they are clearly not afraid to be buying based on future earnings projections. This isn't a strange occurrence for J.A.B., they purchased D.E. Master Blenders, Douwe Egbert for a cool $10 billion. Many analysts refer to this transaction as, "a pure play coffee company".

Their coffee portfolio no…

How To Roast Your Own Coffee At Home!

How To Roast Your Own Coffee At Home!How to roast your own coffee at home! This is a question I have been asked by many people, especially lately. I haven't been actively updating the blog lately because this is one area of my return to the coffee business that I have really been working on.
First of all, coming from a commercial coffee roasting plant, with over 25 years of experience, this question was one I really had to think about. I was thinking, is it even possible to roast a quality cup of coffee at home and secondly, is it worth your time, effort and expense?
Well the answer is a resounding, ABSOLUTELY! Now, with Black Friday right around the corner, I thought this would be a fantastic time to talk a little about the process, the equipment required and some of the nuances you must eventually master to experience the Freshest cup of coffee you will EVER drink!
Now for me, I was lucky enough to pick whatever coffee or blend from my plant on a daily basis, throw a pound in my 1…

How To Successfully Run A Commodity Based Business#commoditybusiness#freebusinessadvice

How To Successfully Run A Commodity Based Business I have over 26 years of experience in a commodity based business. As a matter of fact, it wasn't just commodities, it was the number 2 traded commodity on the planet, coffee. Although I will be referring to coffee in this article, this information will translate into any commodity based business.
One thing I do want to point out, that perhaps many haven't considered. Almost every business, if not every single business is affected in some way by commodities. Whether it is a meat packer buying boxes(by the way beef is a commodity), or a bakery packaging mini muffins in portion controlled lots. Yes, board to make boxes is a commodity, and many of the packaging materials a manufacturing facility uses is petroleum based. I could go on and on, but I just wanted to point out that understanding commodities and how to manage and minimize your exposure to wild price swings is an extremely important skill. So I'd like to share my philo…