Let me recount my experience during the late 60s to mid 80s in visiting factories where my product was being used. I saw extreme opposites in the same industry.
One was a small, low capitalized operation that churned out a massive amount of high quality product on ancient equipment in a tumble-down building.
The second one was a huge business with apparently endless capital and a huge staff to go with their state of the art equipment in a spotless factory. Their production was much less in total than the smaller business. Why???
The small business had hands-on management and an air of camaraderie, in which the owner often had lunch with the workers. The factory manager actually labored beside his workers. Ideas from the workers were often implemented, making everything function brilliantly. For the nearly 20 years that I called on them, I noticed very little staff turnover. I enjoyed visiting that dirty factory.
The large business had extremely formal management, with the upper echelons rarely seen. Work processes were so regulated that they were akin to rituals. Workers were not permitted to think. They were human robots. In my role as a manufacturing trouble-shooter I recommended a small procedural change and my recommendation was greeted with alarm by the supervisor. Oh well, they bought a lot of my product and paid promptly.....until they went bankrupt.
Walter
One was a small, low capitalized operation that churned out a massive amount of high quality product on ancient equipment in a tumble-down building.
The second one was a huge business with apparently endless capital and a huge staff to go with their state of the art equipment in a spotless factory. Their production was much less in total than the smaller business. Why???
The small business had hands-on management and an air of camaraderie, in which the owner often had lunch with the workers. The factory manager actually labored beside his workers. Ideas from the workers were often implemented, making everything function brilliantly. For the nearly 20 years that I called on them, I noticed very little staff turnover. I enjoyed visiting that dirty factory.
The large business had extremely formal management, with the upper echelons rarely seen. Work processes were so regulated that they were akin to rituals. Workers were not permitted to think. They were human robots. In my role as a manufacturing trouble-shooter I recommended a small procedural change and my recommendation was greeted with alarm by the supervisor. Oh well, they bought a lot of my product and paid promptly.....until they went bankrupt.
Walter
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Access Restricted: Unlock 1,000,000+ Posts
Stop Peeking Through the Keyhole.
Open the Door.
You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.
- Active Daily: Life-changing content posted dozens of times every day. No dead threads.
- MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
- Vetted Network: Connect with founders scaling to 7 and 8 figures.
- Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."— User Richard Peck
"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?
