A longtime friend continues to work part time in a family business. His comment: “we had a ‘banner year’ “.
“Banner Year. Slang; an extremely profitable or otherwise successful year for a person or organization.”
The business was started in 1947 and has evolved into a prominent business in the community. There have been down years in the past as the economy changed. It’s commendable that it had a banner year and that ownership shared generously with the employees in its success.
110 years is especially long to be in business….certainly in one that has changed from film to digital photography.
From mlive: https://www.mlive.com/news/muskegon/2019/12/radium-photo-celebrates-110-years-in-downtown-muskegon.html
To be in business for over a 100 years required:
“A few years ago, facing steep competition from online sellers, Radium shifted its focus from retail to high-quality printing services for businesses, schools, sports teams, and artists.”
A good, solid business that is part of the community.
Nebraska Furniture Mart/Warren Buffett
Nebraska Furniture Mart (NFM) sales – $1.6B, $80M profit
NFM is certainly the premier US home furnishings retailer….it must be if Warren Buffet has invested in it.
The part of the story that is most interesting is in the origins of the business and the opportunity that immigrating to the United States gave to Mrs. B in starting a business with $500.
That’s free enterprise.
NFM would be an excellent business case study.
The Umstead was developed by the owners of SAS in Cary as a 5-Star hotel to provide an upscale venue for the RDU area (and for SAS as a global business).
A 5-Star hotel also means 5-Star prices and The Umstead is no exception. For many people people….a visit may be a rare occurrence.
The attention to detail is evident at The Umstead and is much a characteristic of:
“One-to-one marketing (sometimes expressed as 1:1 marketing) is a customer relationship management (CRM) strategy emphasizing personalized interactions with customers. The personalization of interactions is thought to foster greater customer loyalty and better return on marketing investment.”
Reduced From 3 star to 2 star:
Unfortunately, this is not the only instance of toxic leadership over the past year. The real question is how this general even got promoted to a 3-star.
- It would seem that a superior rating officer might have been (or should have been) aware of the general’s leadership faults
- The general attended several leadership programs….obviously he didn’t learn the qualities of a good leader.
- In certain instances….at this level politics do play a role in advancement
- Plain common sense would suggest that the general’s comments/actions were inappropriate
At the end of the day, the general will still have a nice retirement income and the story will fade away. It would be hopeful that his future employer (more than likely a defense contractor) would at least read the Air Force Times article.
J and M Machined Products
Many good businesses get unnoticed….J and M Machined Products is perhaps one of them…..mainly because their products are used as components in another manufactures end assembly.
“J & M Machine Products specializes in precision machining of castings, forgings, and bar stock in a wide variety of materials including, but not limited to: gray iron, ductile iron, steel, stainless steel, bronze, and aluminum.” It’s products are used in the automotive, heavy truck, aircraft, recreational, industrial, military and petroleum industries.
Being in business for 49 years, means that J & M has an established reputation that is valued by its customers.
“After more than a half-century in business, we’re still serving our very first customer, and many others have been with us for 20 or 30 years.”