Wednesday, July 1, 2020

Louis L'Amour, The Walking Drum

Louis L'Amour

“Up to a point a person’s life is shaped by environment, heredity, and changes in the world about them. Then there comes a time when it lies within their grasp to shape the clay of their life into the sort of thing they wish it to be. Only the weak blame parents, their race, their times, lack of good fortune or the quirks of fate. Everyone has the power to say, "This I am today. That I shall be tomorrow.”


― Louis L'Amour, The Walking Drum

Tuesday, January 28, 2020

Suwannee County Florida Voting District Map - Polling Locations

I emailed the Supervisor of Elections in Suwannee County, Florida:

"Could u please direct me to a link online where there is a map of the different county commission districts and school board districts"

This was the reply:

"Good Morning, we don’t have those types of maps online. I’ll be glad to mail you one or you can stop by the office at 302 Pine Ave (new address) and we will give u one"

So, I sent her my address and received this really nice map in the mail.

I decided to post the map here so that others can find this info online.  It was important for me to know which district I lived in so that I could properly evaluate the performance of my present commissioner and school board member - as well as look at the new candidates running in my district.

The red titles on the map show your polling location.  If you vote at that location - then that is your district.

I will break it up by district first and then post a pic of the whole thing below.

District 1 
District 2

District 3

District 4

District 5

Full Map

Polling List



Tuesday, October 22, 2019

Find It Florida

This is a great resource.  It contains demographic information by county, including Esri Segmentation information.  This is valuable information for the marketing efforts of small businesses in Florida.  The Opportunity Zone map is also incorporated in the data.  Go to the Find It Florida page and click on the Find Properties menu.  You can click on the Opportunity Zone map layer here.  For the demographic info, go to the Communities tab on the property page, pick a community and view the info.  There is also a Report tab here that gives you access to more detailed info.



Wednesday, August 7, 2019

Employees Are Like Coat Hangers.

Coat hangers can be used to open a locked car, roast marshmallows or hang a coat.  Many of us, in the course of coat hanger gadgetry, have bent the hanger back and forth until it breaks.  This is an example in metal fatigue and brings us to our first diagram (no business blog would be complete without a diagram!).


My former students will recognize this diagram that was used to explain the torque-to-yield bolts used in modern engine assemblies.  The X axis shows the how much a bolt grows in length as tension force is applied to the bolt.  Any torque value in the elastic range resulted in the bolt returning to its original length upon disassembly.  On your grandpa’s Chevy, engine bolts were tightened to a specific torque in the elastic range and he was off to the races.  The optimum elastic torque was right before the yield point.  The downfall here was that any small variation in the tension force applied (dirty threads, faulty torque wrench, distraction from grandma, etc.) had a big effect on the assembly.

Along came the modern engine with torque-to-yield bolts.  These assemblies took single-use bolts into the plastic range.  In this range, the bolt grows considerably in length without changing the clamping force.  It also allows the assembly to attain maximum strength in spite of minor variations in assembly.  Once you go beyond the maximum strength of the bolt, it degrades and fails – just like the hanger.

Most MBA’s and marketing experts out there find the torque-to-yield diagram familiar, but they can’t quite bring it home.  Here is the more technical and complete version along with the graph you are thinking of:



I will leave you to ponder all of the parallels between metal strength/fatigue and the product life cycle.  This progression of birth, growth, maturity and decline has been applied to businesses, biology and many other fields.  You will not, however, find it in the human resources field.

HR prefers a circle when graphing employee growth, engagement and progression – “an iterative [sic] process” – so they say.  Unfortunately, many employees experience their tenure as an iterative treadmill.  I suggest that HR should look more closely at the torque-to-yield curve in its dealings with employees.  Often the employer and employee don’t realize they are actually on the torque-to-yield curve until fatigue and failure occur.

When a new employee joins a firm, they experience growth by honing their existing skills to fit their new position as well as developing the new skills needed to succeed in that position.  As we know from other fields, growth cannot continue indefinitely.  Businesses that continuously grow eventually run out of cash.  Products with flat sales require a re-design to extend the product.  The body requires periods of rest along the growth cycle.

Employers need to consider this when managing their workforce.  I recently saw an employee evaluation where an employee competently completing his/her tasks and responsibilities would receive a 3 out of 5.  To score higher would require going above and beyond the parameters of one’s job.  This same employer incrementally increases the employees’ performance goals each year.  As with the torque-to-yield curve, there is a point where performance falls off and fatigue and failure occur.


HR professionals often focus on recruitment and retention.  They seek to find the right person for the right position.  They want to extend the employee life cycle.  I sat in on a strategic planning meet once when recruitment and retention were mentioned.  One of the action plan items was to utilize the information in the exit interviews to make things better. 

*Blog Interaction Activity*

Help me quantify this idea by placing your finger on the torque-to-yield diagram where the exit interview takes place.  Now take your other finger(s) and place it (them) on the spot(s) where you think one-on-one personal conversations with employees should take place.

Employers should reflect on how much they personally communicate with their employees.

Employers use online hiring services to weed out unqualified candidates, use some type of personality or behavioral assessment to discover team dynamics and performance, evaluate performance via computer-based reporting systems, production metrics and canned evaluation forms, and communicate primarily through electronic means for daily operations.  Then, once fatigue and breakage occur, the employer conducts an in-person exit interview.

Employees are like coat hangers.  A manager that pushes continual growth without personally engineering an extension will experience reduced productivity, employee fatigue and eventual breakage.

Tuesday, May 7, 2019

Business Entity Comparison

Here is a good chart that compares different business entity structures from Starting Your Business.




For specific questions regarding business entities contact your local Small Business Development Center



Dr Axe's 2018 Dirty Dozen List



Dr Axe posted his Dirty Dozen list of produce that has the most and least presence of pesticides and chemicals.  It is a great article with lots of great info and well worth the read.


He says you can't wash or peel your way out of the problem because the pesticides are in the produce.  The best thing you can do is to purchase organic produce when possible.



 

Sunday, January 27, 2019

The Greatest Skill for Young Farmers (and [ALL] Entrepreneurs)


A good friend sent me this article recently from AgWeb and it is worth sharing.  The title is The Greatest Skill for Young Farmers.  I consider it the greatest skill for all entrepreneurs.  I have been working with entrepreneurs and small business owners for the last 5 years and am still surprised that so many are indifferent to and/or illiterate in their financial administration and management.

The author, Sara Schafer, shares the "Equation for Business" from Gary Matteson, a Farm Credit VP.:

  Sales
- Cost of Goods Sold (Variable Costs)
= Gross Profit
- Overhead (Fixed Costs
= Net Profit

This is what I call "The 5-Line Profit and Loss Statement" or "The 5-Line Income Statement"

If you know these numbers you can also calculate your Break-Even sales number in 2 steps.  

First you have to figure your Contribution Margin (CM) which is your Gross Profit divided by your Sales.  This is the percentage of every sale you have left over to pay (contribute to) your fixed costs.  This is also known as Gross Margin.  

Then you divide your Fixed Costs by your CM and this gives you your Break-Even sales number.

The Break-Even calculation is handy because you can use it to see how much you have to increase sales to cover an added expense (fixed cost) of something (like a new employee or piece of equipment).

The Dutch have a saying: "Meten is Weten" which means "Measuring is Knowing."  In business, I translate this to "Know Thy Numbers!"

Many business owners are successful in spite of their financial illiteracy, ignorance or apathy.  They got lucky.  Other business owners skilled in financial management have built sustainable enterprises where others would have failed.  Which one are you?