UMFarArcher
All-ACC
- Joined
- Nov 4, 2011
- Messages
- 18,618
I note the many and several postulations as different ones throw up a name as a potential coach here at UM - and God knows - we need a coach.
I'd venture to say that most who throw up some of these names are NOT business owners, but rather employees of others - and nothing wrong with that - it's just that business owners make investments in personnel, minimize risks, and attempt to get a good return on their investment.
Salary is NOT the investment. Lots of additional hidden costs, variable costs, fixed costs, additional asset allocations, etc. You hire a CPA, you don't just hand him a calculator, pad, and pencil. In addition to his salary, there will be lots of additional costs up front to put him in his chair.
Risk avoidance is a major consideration when making an investment - in any business. Especially when hiring.
You want to get the safest, most experienced person available, with the greatest potential to earn not only his salary, but to earn additional revenue for your business. For every dollar you invest in this person, you have to generate much more in revenues, sufficient in net revenues to pay for this investment.
You don't commit a major investment in a relatively unproven employee. A top car salesman does not necessarily equate his abilities to head a national marketing firm. Track record is important - as every dollar this man is paid - is basically coming out of your pocket as business owner - and you cannot afford too many long shots.
Long shots rarely pay off.
UM has made poor coaching decisions - as the past three hires - they were NOT made from solid principles of business. In fact, the past three hires were the antithesis of good business principles.
This next coach should be hired from a solid business viewpoint. You'll never attain perfection, but it better be solid.
Sufficient bulk of work indicative of his long-term success.
Experience in your particular market.
Proven ability to expand and build your particular market.
Low-risk that he will bolt after initial success - denying you a good return on investment.
Hire should provide the basis for continuity. Will he leave you in great shape five or six years down the road?
Is he a real asset builder? Will he stock your inventories sufficient to maintain maximum results?
Gentlemen, while it's fun to throw out names, truth be told, most are long shots. Others are unfamiliar in THIS market. Some are great car salesmen, but they're not balanced, and their downsides are considerable.
Initial cost is a factor.
Who is the safest, asset building, inventory accumulating, balanced coach with a body of experience, proven in OUR market?
I'd venture to say that most who throw up some of these names are NOT business owners, but rather employees of others - and nothing wrong with that - it's just that business owners make investments in personnel, minimize risks, and attempt to get a good return on their investment.
Salary is NOT the investment. Lots of additional hidden costs, variable costs, fixed costs, additional asset allocations, etc. You hire a CPA, you don't just hand him a calculator, pad, and pencil. In addition to his salary, there will be lots of additional costs up front to put him in his chair.
Risk avoidance is a major consideration when making an investment - in any business. Especially when hiring.
You want to get the safest, most experienced person available, with the greatest potential to earn not only his salary, but to earn additional revenue for your business. For every dollar you invest in this person, you have to generate much more in revenues, sufficient in net revenues to pay for this investment.
You don't commit a major investment in a relatively unproven employee. A top car salesman does not necessarily equate his abilities to head a national marketing firm. Track record is important - as every dollar this man is paid - is basically coming out of your pocket as business owner - and you cannot afford too many long shots.
Long shots rarely pay off.
UM has made poor coaching decisions - as the past three hires - they were NOT made from solid principles of business. In fact, the past three hires were the antithesis of good business principles.
This next coach should be hired from a solid business viewpoint. You'll never attain perfection, but it better be solid.
Sufficient bulk of work indicative of his long-term success.
Experience in your particular market.
Proven ability to expand and build your particular market.
Low-risk that he will bolt after initial success - denying you a good return on investment.
Hire should provide the basis for continuity. Will he leave you in great shape five or six years down the road?
Is he a real asset builder? Will he stock your inventories sufficient to maintain maximum results?
Gentlemen, while it's fun to throw out names, truth be told, most are long shots. Others are unfamiliar in THIS market. Some are great car salesmen, but they're not balanced, and their downsides are considerable.
Initial cost is a factor.
Who is the safest, asset building, inventory accumulating, balanced coach with a body of experience, proven in OUR market?
