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3/2/2012 8:10:32 PM
 
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Section 5: OPA Board Subject: Henny Youngman and OPA Msg# 823189
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Joe,
I,like yourself, am not happy with the fiscal approach of operating a business on a perpetual losing basis . I also concur that improved management is necessary . However on several occaasions , you have mentioned "at least breaking even " as an option. I operated a small business for 27 years and I never started any year with the goal of just breaking even . Just breaking even has no place in the formula for success. It would be like entering any sporting contest where ending with a tie was the goal. Winning is what we want. Success is what we want . A positive cash flow is what we want and that leaves no place for the "just breaking even " mentality. Larry |
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For reference, the above message is a reply to a message where: but lets look at the red ink and the black ink just as we do with our own investments and bank accounts So..... If you had stock in a company and it went down in value every year for 20 years you would hold on to it because some of your other stocks made up for the loss? Or, if you owned a small business and it lost $100,000 or more each and every year, I assume you would be perfectly happy so long as your other income offset the loss? Or would you look for ways to turn your money in a loser into a winner? Maybe you and others are willing to simply accept bad management of the YC and thrown millions down a sewer over time, but I'm not happy with that fiscal approach. I want to see the YC managed properly and at least breaking even. |
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