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Posts Tagged ‘A SENSE OF BUSINESS OPTIMISM’

FACING REALITY

Posted by Tim Bryce on January 27, 2017

BRYCE ON BUSINESS

– People plain and simply don’t want to know it.

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To use this segment in a Radio broadcast or Podcast, send TIM a request.

Telling the truth has gotten me into a lot of trouble on more than one occasion over the years, both personally and professionally. So much so that I have come to the conclusion that people plain and simply don’t want to know it. For starters, it’s hard to know when someone is telling the truth. A lot depends on the integrity of the person telling us something, coupled with our ability to apply logic. Erroneous results occur when we are being misled and don’t use our heads which is why people act more on perceptions as opposed to reality (which is what politicians running for office count on).

Facing reality can be a daunting task as it can be rather unpleasant. As a result, people retreat into a make-believe world or yearn for a bygone era. Let me give you an example, not long ago I took some time off to do some fly fishing in the mountains of North Carolina. The area I visited seemed to be somewhat depressed and I discussed it with a friend who had moved to the area. At one time, the area was well known as a prominent furniture maker and tobacco grower. But as foreign competition proliferated in the 1980’s and 1990’s, at a fraction of the cost of what the North Carolinians offered, companies closed their doors. Since the passage of the Federal Tobacco Quota Buyout in October 2004, North Carolina’s tobacco industry has been in a “transition” period, meaning tobacco production has sharply diminished in the area, if not disappeared altogether. All of this has given rise to unemployment, government subsidies, and a general bewilderment by the populace as to what to do next.

There are those still yearning for furniture work, but cannot seem to come to grips with the fact that the ship has sailed. Because of the natural beauty of the area, including mountains, streams, hunting and fishing, and gemstones, some would like to develop the area for tourism. Alas, this is pooh-poohed by the locals who are easily alarmed by outsiders and their perceived sinful ways. Instead, the residents have elected to simply do nothing and allow themselves to stagnate in a state of analysis paralysis. You can readily see the effect it is having on the natives as there is no hustle, no service, no nothing, just a defeatist attitude, all because they refuse to face reality.

I’m sure we have all seen instances of this throughout the country, if not in our very neighborhoods; people who are simply unwilling to recognize the truth and deal with reality; people who are unwilling to upset the status quo even at the expense of its demise. There is a scene in the movie “Men in Black” which sums it up for me; in it, Will Smith’s character (“Jay”) questions why the world doesn’t know about aliens living on Earth, “People are smart, they can handle it.”

To which, Tommy Lee Jones (“Kay”) replies, “A person is smart. People are dumb, panicky dangerous animals and you know it. Fifteen hundred years ago everybody knew the Earth was the center of the universe. Five hundred years ago, everybody knew the Earth was flat, and fifteen minutes ago, you knew that humans were alone on this planet. Imagine what you’ll know tomorrow.”

Imagine where we’ll be if we don’t face reality; maybe somewhere in North Carolina.

Also published with The Huffington Post.

Keep the Faith!

Note: All trademarks both marked and unmarked belong to their respective companies.

Tim Bryce is a writer and the Managing Director of M&JB Investment Company (M&JB) of Palm Harbor, Florida and has over 40 years of experience in the management consulting field. He can be reached at timb001@phmainstreet.com

For Tim’s columns, see:   timbryce.com

Like the article? TELL A FRIEND.

Copyright © 2017 by Tim Bryce. All rights reserved.

Also read Tim’s columns in the THE HUFFINGTON POST

NEXT UP:  TECHNOLOGY CLAIMS ANOTHER VICTIM – Farewell to the “Greatest Show on Earth.”

LAST TIME:  A SENSE OF BUSINESS OPTIMISM  – Is a go-go era in the offing?

Listen to Tim on News Talk Florida (WWBA 820 AM), WZIG-FM (104.1) in Palm Harbor,FL; KIT-AM (1280) in Yakima, Washington “The Morning News” with hosts Dave Ettl & Lance Tormey (weekdays. 6:00-9:00am Pacific). Or tune-in to Tim’s channel on YouTube. Click for TIM’S LIBRARY OF AUDIO CLIPS.

 

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A SENSE OF BUSINESS OPTIMISM

Posted by Tim Bryce on January 25, 2017

BRYCE ON BUSINESS

– Is a go-go era in the offing?

(Click for AUDIO VERSION)
To use this segment in a Radio broadcast or Podcast, send TIM a request.

During President-Elect Trump’s news conference held January 11th in New York, he made the observation there is a new sense of business optimism in the country. He pointed at the news regarding Fiat Chrysler and Ford building new plants here in the United States as opposed to Mexico. News reports regarding companies such as Carrier, who will remain in Indiana, is also welcomed as are other reports of companies returning home.

In all likelihood, Trump was pleased with the recent Bloomberg report, “U.S. Small-Business Optimism Index Surges by Most Since 1980.” The report notes a significant index jump as reported by The National Federation of Independent Business’s. The NFIB reported respondents to the survey expect better business conditions in the next six months as the Trump era begins.

The Bloomberg report is re-enforced by another study recently produced by Gallup reporting a new high in people optimistic about the potential for good jobs in the United States, the highest in 15 years of Gallop polling.

Most of this appears to be a result of the election of Donald Trump and his “Big Stick” approach encouraging businesses to stay in this country. Even before his election, he took steps to reach out to businesses and encourage them to stay while promising new economic policies are in the offing. It is no small wonder this is trickling down to the American people who are beginning to regain confidence in business.

Another area of change is in “Right to Work” legislation where Kentucky recently became the 27th state to adopt such legislation. Other states include: Alabama, Arizona, Arkansas, Florida, Georgia, Idaho, Indiana, Iowa, Kansas, Louisiana, Michigan, Mississippi, Nebraska, Nevada, North Carolina, North Dakota, Oklahoma, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, West Virginia, Wisconsin, and Wyoming. Because states such as Kentucky, Michigan, and Wisconsin recently enacted such legislation, it may very well influence other Midwest states such as Ohio, Pennsylvania, Illinois, and Missouri.

“Right-to-work” laws are highly controversial as they are perceived as a threat to labor unions. Back in 2012, when Michigan became the 24th state to adopt it, the “Wall Street Journal” claimed that “between 1980 and 2011, total employment in right-to-work states grew by 71%, while employment in non-right-to-work states grew 32%.” They went on to report, “Since 2001, right-to-work states added 3.5% more jobs, while other states decreased by 2.6%. Similarly, inflation-adjusted compensation grew 12% in right-to-work states, but just 3% in the others.”

It should therefore come as no surprise that “right-to-work” legislation is gaining momentum. A 2016 survey by Rasmussen reported, “One-in-three Americans say they have been a member of a labor union at some point in their lives. But while 44% view unions favorably, 45% share an unfavorable opinion of them.” They went on to report, “A sizable majority of voters believes labor leaders are out of touch with their rank-and-file membership. Fifty percent (50%) think labor unions have too much political influence.”

On the campaign trail, Donald Trump adopted the motto, “Buy American, Hire American,” and the message appears to be embraced by the country. Whereas it was originally thought Mr. Trump’s lack of political experience was a liability, now it appears his business acumen has become an important asset in reinvigorating the economy and jobs. He seems to be the first president in a long time who knows how to aggressively kick start the country’s economy, and in the process, the country is gaining confidence. If he is able to follow through with his promises on such things as trade and taxes, America could very well be on the verge of a go-go era in business and once again become a dynamo. At least, that is what the American people seem to believe.

Also published with The Huffington Post.

Keep the Faith!

Note: All trademarks both marked and unmarked belong to their respective companies.

Tim Bryce is a writer and the Managing Director of M&JB Investment Company (M&JB) of Palm Harbor, Florida and has over 40 years of experience in the management consulting field. He can be reached at timb001@phmainstreet.com

For Tim’s columns, see:   timbryce.com

Like the article? TELL A FRIEND.

Copyright © 2017 by Tim Bryce. All rights reserved.

Also read Tim’s columns in the THE HUFFINGTON POST

NEXT UP:  FACING REALITY – People plain and simply don’t want to know it.

LAST TIME:  THINKING IN 360 DEGREES  – Getting the big picture.

Listen to Tim on News Talk Florida (WWBA 820 AM), WZIG-FM (104.1) in Palm Harbor,FL; KIT-AM (1280) in Yakima, Washington “The Morning News” with hosts Dave Ettl & Lance Tormey (weekdays. 6:00-9:00am Pacific). Or tune-in to Tim’s channel on YouTube. Click for TIM’S LIBRARY OF AUDIO CLIPS.

 

Posted in Business | Tagged: , , , , | 3 Comments »

 
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