I’m guessin’’ it’d be hard to git ‘em stopped at our little airport? Probly Ford or Chrysler head honchos corporate (personal) jets couldn’t either? Thinkin’ maybe none of ‘em are flying much anymore, anyway?
Too bad..., they could learn something about doin’ business right here (the old fashioned way). Unfortunately (for you) they’re kinda busy, hobnobbin’ with the real money folks, down in D.C.? Our “modern money” congress, handing out your tax-dollars, as “loans”.
Lending money to corporations, formerly the bailiwick of actual bankers? Quaintly referred to as “private” lending. Not much of that goin’ on anymore (no money in it). Today money “borrowing” gits done in congressional backrooms, instead of bank boardrooms.
Difficult for bankers to use their boardrooms making lending decisions, while they’re also down in D.C., wringing their hands and “borrowing” (your) tax-dollars. Secretly prayin’ nobody notices while they lend it in China (instead of America). Your tax-dollars at work!
Good business? Nope. Who taught these guys (auto builders And bankers) their business models? And why is it no one ever questioned their business acumen before now? Obviously, No one checks anything, until the (borrowed) money runs out (and everything falls apart!).
I asked about the big car guys landing their jets here? My thinkin’ was, they might learn something about runnin’ a business, right here!
That little “something” used to be called Good Will. Time was (not that long ago) when bankers (virtually) carried that on their books. It was an important part of any business model, integral to its financial health.
“Good Will” meant simply that over time they’d gained the trust of people. Customers, regulators, competitors all knew any business earning it, was worth more than shows up “on the books”. When people have faith and trust in them, a business is strong. Those big guys named above have pretty much lost track of that.
But they could relearn it here.
Recently I spent months looking for a little 4-wd truck I could afford (none out there). Instead, I up and bought a new car! Actually an older used car, but “new” to me (you know that feeling, don’t ya?).
It just showed up at a local dealers, whisperin’ to me. Low miles, nicely equipped, pretty color, And in my price range! (my price range hovers around 50% below whatever a car’s worth?). I stopped in, “lookin’ her over” surreptitiously, for weeks.
Finally, just before I could make my move (start dickerin’ the dealer down) they put her on sale!! My dickerin’ room evaporated. No fun! Bein’ a hard-nosed negotiator, I still had to “bargain” ‘em for it?
So, holdin’ my mouth just right, I leaned close to the salesman. Could he (re-)polish it to my satisfaction, I inquired? Lookin’ at me a little funny (the car sparkled) the young feller said, “Sure, I could make that happen”. Still dickerin’ hard, I shot back, “I’ll take her!”.
Seriously folks, the following’s where “Good Will” comes into running a business! (listenin’ big business?). Just days after I bought the car, one little light inside quit workin’.
Zoom! Back to the dealer. I told ‘em one of the (approximately 346) interior lights quit lightin’, and how ‘bout fixin it for me?
Returning to pick my car up, I reached for my wallet. The counterman (smilin’) said, “No Charge”. Smilin’ I stammered, Thank You!
No big deal you say?
Ok. Shortly thereafter, cruisin’ the interstate late at night I opened the sunroof (don’t ask). It was way cool!! Then it got cold. Then colder still..., the (%$#&!) sunroof refused to close!
Zoom! Back to the dealer. Sunroof was installed by a custom shop, they said. Have to have them fix it, they said. They’d arrange fixin’, they said. “Ok”, I said (wallet quiverin’).
Returning to get my car (again), I saw it coming off their flatbed truck! (felt a cold wind whistlin' around my wallet). Asked why, the man at the counter (smiling) said, “We didn’t want to put mileage on your car”. Translation: “This’ll cost ya, lots extra!” (I shuddered).
Reaching for my wallet (once again) the counterman smiled and said, “No Charge!”.
My jaw went a little slack. I said, “Look, I just watched my car come off your flatbed, that custom shop is over an hour away!” He simply smiled and said (again), “No Charge!” The Sunroof Repairs? “No Charge”.
Maybe I shouldn’t actually mention the dealers name? (I will tell ya this, I bought another Buick!)
I Don’t Know About You..., might be hard to "define" Good Will? But I know it when I see it!!
Cal Teeple, found at: wayneindependent.com/cal OR by e-mail at: CalTeeple@g-mail.com. Founder of the Observational Cogitation Consortium, known to occasionally lurk three stools down. Where he may also be ignored, accosted or contacted.
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I’m guessin’’ it’d be hard to git ‘em stopped at our little airport? Probly Ford or Chrysler head honchos corporate (personal) jets couldn’t either? Thinkin’ maybe none of ‘em are flying much anymore, anyway?
Too bad..., they could learn something about doin’ business right here (the old fashioned way). Unfortunately (for you) they’re kinda busy, hobnobbin’ with the real money folks, down in D.C.? Our “modern money” congress, handing out your tax-dollars, as “loans”.
Lending money to corporations, formerly the bailiwick of actual bankers? Quaintly referred to as “private” lending. Not much of that goin’ on anymore (no money in it). Today money “borrowing” gits done in congressional backrooms, instead of bank boardrooms.
Difficult for bankers to use their boardrooms making lending decisions, while they’re also down in D.C., wringing their hands and “borrowing” (your) tax-dollars. Secretly prayin’ nobody notices while they lend it in China (instead of America). Your tax-dollars at work!
Good business? Nope. Who taught these guys (auto builders And bankers) their business models? And why is it no one ever questioned their business acumen before now? Obviously, No one checks anything, until the (borrowed) money runs out (and everything falls apart!).
I asked about the big car guys landing their jets here? My thinkin’ was, they might learn something about runnin’ a business, right here!
That little “something” used to be called Good Will. Time was (not that long ago) when bankers (virtually) carried that on their books. It was an important part of any business model, integral to its financial health.
“Good Will” meant simply that over time they’d gained the trust of people. Customers, regulators, competitors all knew any business earning it, was worth more than shows up “on the books”. When people have faith and trust in them, a business is strong. Those big guys named above have pretty much lost track of that.
But they could relearn it here.
Recently I spent months looking for a little 4-wd truck I could afford (none out there). Instead, I up and bought a new car! Actually an older used car, but “new” to me (you know that feeling, don’t ya?).
It just showed up at a local dealers, whisperin’ to me. Low miles, nicely equipped, pretty color, And in my price range! (my price range hovers around 50% below whatever a car’s worth?). I stopped in, “lookin’ her over” surreptitiously, for weeks.
Finally, just before I could make my move (start dickerin’ the dealer down) they put her on sale!! My dickerin’ room evaporated. No fun! Bein’ a hard-nosed negotiator, I still had to “bargain” ‘em for it?
So, holdin’ my mouth just right, I leaned close to the salesman. Could he (re-)polish it to my satisfaction, I inquired? Lookin’ at me a little funny (the car sparkled) the young feller said, “Sure, I could make that happen”. Still dickerin’ hard, I shot back, “I’ll take her!”.
Seriously folks, the following’s where “Good Will” comes into running a business! (listenin’ big business?). Just days after I bought the car, one little light inside quit workin’.
Zoom! Back to the dealer. I told ‘em one of the (approximately 346) interior lights quit lightin’, and how ‘bout fixin it for me?
Returning to pick my car up, I reached for my wallet. The counterman (smilin’) said, “No Charge”. Smilin’ I stammered, Thank You!
No big deal you say?
Ok. Shortly thereafter, cruisin’ the interstate late at night I opened the sunroof (don’t ask). It was way cool!! Then it got cold. Then colder still..., the (%$#&!) sunroof refused to close!
Zoom! Back to the dealer. Sunroof was installed by a custom shop, they said. Have to have them fix it, they said. They’d arrange fixin’, they said. “Ok”, I said (wallet quiverin’).
Returning to get my car (again), I saw it coming off their flatbed truck! (felt a cold wind whistlin' around my wallet). Asked why, the man at the counter (smiling) said, “We didn’t want to put mileage on your car”. Translation: “This’ll cost ya, lots extra!” (I shuddered).
Reaching for my wallet (once again) the counterman smiled and said, “No Charge!”.
My jaw went a little slack. I said, “Look, I just watched my car come off your flatbed, that custom shop is over an hour away!” He simply smiled and said (again), “No Charge!” The Sunroof Repairs? “No Charge”.
Maybe I shouldn’t actually mention the dealers name? (I will tell ya this, I bought another Buick!)
I Don’t Know About You..., might be hard to "define" Good Will? But I know it when I see it!!
Cal Teeple, found at: wayneindependent.com/cal OR by e-mail at: CalTeeple@g-mail.com. Founder of the Observational Cogitation Consortium, known to occasionally lurk three stools down. Where he may also be ignored, accosted or contacted.
