Archive for category General

Lessons in Entrepreneurship via the Lemonade Stand

This past weekend I got the awesome pleasure of working for less than minimum wage in the hot Georgia sun!  What you say?  I got to be a  barista of a different order, instead of being a fine purveyor of wonderfully roasted coffee beans and scrumptious delights, I was pushing a fine yellow powder kissed with just the right amount of water and with a tinge of sweetness.  Really confused? I hope not. Simply put, I had the awesome pleasure to help my daughter in her very own lemonade stand.

The “big event” had been some weeks in the making and finally our big break occurred.  The neighborhood was hosting a garage sale.  What goes better with other people’s dusty junk and the Georgia heat and humidity?  If you answered Ice Cold Lemonade from a pretty, blond-headed five year old you would be right on the money.  Although my daughter probably was more focused on drinking some of the fruits of her entrepreneurial efforts I had a slightly more educational approach in mind.  I had the pleasure of reading a post some months ago on Sebastian Marshall’s blog regarding entrepreneurship and what it really means to be an entrepreneur.  Its a great article linked here:  “What Skills Do You Need to be an Entrepreneur, Only Two”.   In the article Sebastian mentioned showing his future kids the path of an entrepreneur at an early age, showing them specifically how to (1) add value to the things they touch & (2) get some share of the value they create.  This is a wonderfully simple idea and kudos to Sebastian for boiling down an idea that graduate business school professors (no offense to my special professor buddy at a great school) spend months trying to teach.

My goal in this endeavour was simple, help Mackenzie understand the concept of entrepreneurship and particularly the concept of investing and most importantly “PROFIT”.   All in all it was a tremendous success and something that I will continue to repeat in different forms and fashions with both Mackenzie and my other daughter Carrigan.  The formula for us that worked so well was pretty simple:

  1. I let Mackenzie use her “investment” envelope to buy the supplies.  She counted out the money, she knew how much she was investing & I let her decide what she wanted to purchase (with a bit of guidance).  Her total investment was $6.50 – including bottled water, ice, lemonade mix, fresh lemons, etc. (NOTE: We use the Dave Ramsey school of thought with our daughter.  Each week she gets a small allowance that she allocates (her choice) to four different envelopes (a) spend (b) save (c) invest (d) donate.)
  2. I let her carry her money, pay the cashier, etc.  (seems small but the concept of money, profit, revenue, etc. is an elusive one when your 5)
  3. We discussed our marketing, how would we get people to purchase her lemonade.  The concept of competition, marketing, sales tactics … you get the idea – some great concepts here.   This was particularly funny part of our endeavour in that Mackenzie decided one of the best tactics for drawing in customers was dancing around, smiling big and waving while shouting “Ice Cold Lemonade”.
  4. During our selling I encouraged her with some ways she could interact with her customers (selling) and attracting the crowds (marketing). This also resulted in a funny outcome.  One particular patron who was perusing earlier said “dusty junk” was not in the mood for lemonade.  However, after four very convincing sales pitches from the 5 year old she folded like proverbial cheap suit.
  5. I encouraged her to manage her money and the transactions. Giving people change, managing the supplies, making more product… it was her business and I helped her keep track of the moving pieces.
  6. As we wrapped up the day’s activities we had a lengthy sit-down where she counted her sales for that day.  We talked a bit about the concept of sales, etc and what that means.
  7. We then payed her investment envelope back (the whopping $6.50) and were left with her profit.   We talked a bit about profit and the idea that in those 4 hours she made $15 in profit.  Normally her allowance is $5 per week.  The point she got very quickly was in a few hours of work she made “ALOT” (her words) more than what she normally does.  …This was the best realization – she labored, she applied her ingenuity and her talents (ADDED VALUE) and then got to pocket the profit (GETTING A SHARE OF THE VALUE SHE CREATED).
All in all – the lemonade stand was a total success and a really exciting time for me too.  To see entrepreneurship and these sometimes difficult concepts come into clarity for my five year old daughter was truly awesome!  For me to get back to my love of entrepreneurship and see it through the early lens of my daughter was equally awesome!

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The Lost Art of Taking Responsibility…

OK, this will be a very quick post. What can I say, if you haven’t seen this video, please take 2 minutes and check it out. This is not earth shattering stuff. The lady in the movie is in her local mall and texting vigorously. She is so consumed with texting on her phone that she fails to see the mall indoor fountain that is right in front of her. You guessed it. KERPLOP!!! So the fact that this happened is kind of amusing, however, the next part is a bit disturbing. She may be suing the mall? Come on really folks?
The reality is that she wasn’t paying attention and fell in. It was embarrassing, maybe even funny if she really thinks about it, and life goes on. Well life should go on, but instead of moving on she is going to sue. Ouch.
I think a disturbing trend in our overall society is the idea that when something bad, embarrassing or generally unpleasant happens we, as individuals, immediately start looking for someone or something to pass the blame on. “It wasn’t my fault that I fell in the mall fountain, the mall should have known I would be consumed with texting on my cell and never built the darn thing.” I truly believe if we all took more responsibility for our actions we might individually, and collectively, be very pleased with the result. One excellent lesson I learned at my alma mater on my first day of indoctrination was there are only three replies (1) Sir, Yes Sir; (2) Sir, No Sir; and (3) Sir, No Excuse Sir. Today, as a parent and in my various current life roles, I get to come front and center with what happens when lessons of responsibility are not properly instilled. Frankly, when these lessons are not properly learned it does everyone a disservice. I would advocate that the act of taking responsibility is an art. It can be liberating, scary, humbling and transformational, but most of all taking responsibility has an excellent side benefit. The side benefit is that when you take responsibility for initiatives, actions and outcomes on a consistent basis – you empower yourself. So to the lady who is falling in the fountain and suing I would say this. Towel off, have a good laugh about it, own what happened (i.e. take responsibility) and move on.

Feel Good Movie…for you

Happy New Year everyone! So one of my new year’s resolutions was pretty simple – live life superbly. In 2009 and 2010 we have seen some pretty gruesome times. Lost jobs, lost riches, lost homes…and on and on. Pretty bleak… or maybe not. I had many of these issues affect me personally from a business standpoint in 2009 and 2010 and as best as I can figure I’m still here and fighting the good fight. When you sum it all up, I think we are pretty fortunate no matter how down the cards may be. Pretty fortunate because we live in an awesome country where we can get up each day and change whatever reality may have affected us from the last. No country rewards persistence, vision and stick-to-it-ness like the US. So in keeping with one of my resolutions I thought I might share a clip of many hundreds of people living life superbly. Caveat is this is filmed in Heathrow .. but our UK friends need love to.

So enjoy and I hope in 2011 you can live life superbly and always find time to be in the moment.

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Rocket Shoots & Little Ponies

So yesterday, my oldest and I headed out to our formal rocket launching site…similar to Johnson Space Center but without the high overheads and government bureaucracy. In attendance for the formal launching of our awesome space craft courtesy of Estes Rocket Building Kitwere none other than the esteemed Princess Cinderella, Sleeping Beauty and My Little Pony (Ms. Sparkles…?). Also on hand was another VIP guest named Ms. Chloe, although my daughter pronounces it Ms. Glowey. In the video footage you hear my daughter saying…”Now Ms. Glowey you need to be very brave.” With firm words of encouragement that would make even Gene Kranz proud we did a final adjustement for wind direction, speed and began our countdown.

The video is only a little over 1 minute in duration but pretty cool and was a neat way to spend a couple hours on a Sunday!

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Leadership Lessons from Dancing?

I came across this video while perusing another friend’s site and had to post this. Watch the whole thing, is really fantastic and has a great message. I suspect we have all played both roles in our lives – the lone crazy guy dancing around and the suspect crowd.

Great stuff. Hope you enjoy this and the message.   A key lesson I learned out of high school and during my “Plebe” year of hell at the US Merchant Marine Academy was you first have to learn how to be a great follower and team member before you can ever attempt to be a great and inspirational leader.

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Our Road Trip to Tennessee

I just love road trips! This past weekend me and family packed up the truck and headed to the Tennessee mountains for a wedding of one of my wife’s cousins. The wedding was held in a town called Monterey which is….a little way out there. Total drive time was approximately 5 hours and amazingly enough the kids did awesome on the way up and on the way back. The road trip was filled with all the cliché occurrences, “daddy are we there yet?”, “I have to pee”, “I’m bored”, etc. AND I loved it all. We got to stop and check out beautiful scenery and reconnect as a family. In the day to day scramble that has become life in the 21st century there is something strangely and perplexingly wonderful about locking yourself in a car for five hours with people you absolutely adore.

I hope that I can go on more road trips to scenic places like this in the future. I’ve included some great pics of the event!

On the road through the Tennessee mountains, North East of Chattanooga

Near Dunlap, TN – really beautiful. Stopped to take this by the side of the road

Old cabin on the property where the wedding was held

My wife extremely geeked out. I can see Steve Jobs counting his money in the background

The obligatory road-side pit stop. “Daddy I have to pee really, really bad!”

Look out point stop on the way back to ATL

No road trip is complete without Cracker Barrell and checkers

My youngest enjoying the Cracker Barrell rocking chair

Entrance to the where the wedding was held

Kids playing in the gazebo at the place we stayed

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PERSEVERANCE

So each day when I wake up and get the day started I walk out of my bedroom and am greeted by this picture of President Abraham Lincoln.  My wife got it for me several years ago for Christmas after I commented how much I liked the theme of the print and the saying.  I generally am a bit cynical when it comes to these success oriented blurbs with catchy themes like “vision”, “inspiration”, and so on.  In fact, its enough sometimes to make you think you are locked in an old episode of “The Office”, walking into another great day at Dunder Mifflin. 

“Office” comments aside, I really enjoyed this particular piece and its a great saying to wake up to each day.  This past year has been a real meat grinder on several fronts.  Business, life, etc.   Some has been exciting and inspirational, other moments have been stressed and lonely.  I was one of the unfortunate many that got caught flat footed in the real estate bubble.  What started off as a fun hobby with a few rental houses ballooned into quite a business with lots of houses and other side ventures (on top of my regular day gig by the way).  That was all great on the upswing but the new market reality has created quite a “shit” storm to be perfectly blunt. 

That being said, life is there to be lived, experienced, chances taken, rewards and penalties received.  I’m not happy about some of the current economic realities but the alternative to all of this is never trying, never putting yourself out there, never dreaming, achieving or pushing yourself.  I know that I’ll get through this and be stronger, better and more experienced for it… but some days the struggle is taxing to say the least. 

So each day when I wake up I am greeted by this view of Honest Abe and the wonderful saying below.  For all of those out there enduring your own challenges in life, love and business – here is something to brighten your day.   To me, the quote is priceless and so true.  

“Perseverance”

He FAILED in business in ’31.
He was DEFEATED for state legislature in ’32.
He tried another business in ’33. It FAILED.
His fiancee died in ’35.
He had a nervous BREAKDOWN in ’36.
In ’43 he ran for Congress and was DEFEATED.
He tried again in ’48 and was DEFEATED again.
He tried running for the Senate in ’55. He LOST.
The next year he ran for Vice President and LOST.
In ’59 he ran for the Senate again and was DEFEATED.
In 1860, the man who signed his name A. Lincoln,
was elected the 16th President of the United States.

“The difference between history’s boldest accomplishments, 
and its most staggering failures is often, simply, 
the diligent will to persevere.”

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Summers of Fun

So this year is the first time in many where I had to let the family head to our yearly pilgrimage to Lake Owassa, New Jersey without me. The “forces” conspired against me by having the date of a big project “go-live” coinciding with the period of time that the family was heading North. Today my wife and kids headed along with their other cousins, aunts, uncle, etc. to the New Jersey State Fair which is held right down the street from where my in-laws have their property.

Its a magical time and I’m certainly bummed that I missed it this year. However, I’ve had lots of time for reflection and writing since the family has been out of the house and one thing I can say for sure is that Lake Owassa is a place where memories are made. It has a unique characteristic that is hard to describe. Maybe one of the unique characteristics it enjoys is that it is a place that harkens back to earlier times before always available Internet and mobile devices made us slaves to 24/7 productivity. Its one of the few places where you can go and pretty much escape, albeit for a short while, from work, stresses and the daily grind.

Lake Owassa has been a place where I proposed to my wife, where my oldest daughter caught her first fish, where my youngest (Carrigan) has decided she can be Michael Phelps in a kiddie pool and so many more and great memories. So this year although I’m not there with my great kids, wonderful wife, and awesome in-laws…I’m there in spirit and missing that great place where memories are made.

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ATL Community time to rally and help an Army family

My buddy, an army veteran, and a great all around leader in the ATL community is reaching out and asking for help to come to the aid of Patricia Roberts and her family. Patricia is the mother of Army Spc. Jamaal Addison who was killed during an ambush in March 2003 in support of Operation Iraqi Freedom. Spc. Addison was also the first Georgia casualty during the war. Spc. Addison left behind a son, also named Jamaal, that is now being cared for by Ms. Roberts. In a sad twist, on the same day that was identified in Dekalb County as Jamaal Addison day, Ms. Roberts was set to be evicted from her home. Thanks to a wave of public emotion she has been extended for a brief period of time but still will require community help over the next few months to help her and her family

Scott and pals, are pooling resources through his VetLoop charity and looking for folks that can help a worthy cause. See the full write-up below on Scott’s blog. Simple to say, we need help. If you can pitch in or know of others who have the resources to help out let us know. Most of all, let us all remember to give thanks each day to live in this great land of opportunity and freedom and enjoy the lives we do thanks to the great men and women, like Spc. Addison, that help protect it.

http://www.scottburkett.com/index.php/social-causes/2010-07-31/community-call…

God bless you and keep you safe Spc. Addison

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Rocket Shooting…

Had a great Father’s Day yesterday with the family. We had our 2nd attempt for launching the rocket, dubbed APOLLO, we built the previous weekend. Our 1st attempt at the park in seemingly 100 degree weather ended in a verifiable melt-down. CNN wasn’t on hand to view the aborted attempt but rest assured it was filled with all kinds of drama that only four year olds can manifest. Our entire mission control team was on hand, the 4 year old played the role of Gene Kranz (see her in pink in pictures included), I played Gene Kranz dutiful assistant. My wife did an awesome job of representing the press, my father did a great job playing the role of Walter Kronkite, my mom and our youngest, Carrigan, played the role of gawking space nerds minus the telescopes. On a minor note, my Dad got slightly out of character when the rocket took off, you hear him in the background going “Holy Crap!” LOL (check out movie).All-in-all a neat experience that brought me back to my childhood days in scouting and being in love with flight, rockets, and things that emit lots of fire and smoke. For my oldest daughter, it was a great way for her to see her creation come to life. From cutting the balsa wood, to sanding down the fins and assembling the parachute, she did a wonderful job and is already asking me when we can build the next “bigger” rocket.

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Aerodynamic Anomaly ..

I had to show this to others. I was traveling around Atlanta not too long ago and came across this car on the highway. I was amazed to learn that this particular Chevy has overcome fundamental laws of physics. Nasa contacted me some time later to learn about this particular anomaly that was experienced on I-285 as they thought it might have relevance for future rocket shoots. In case you’re wondering that’s sarcasm and … take a look at the decals, I think you’ll figure it out.

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I Run Because…

So at midnight I got one of my every so often urges to hit the pavement.  With an incredulous stare from my wife and the obligatory “wear you’re reflective vest” – I hit the pavement.  Tonight was one of those unique nights where the steam seems to hover ever so slightly above your feet and the moonlight blends with the street lamps and moist air to create a hazy, mysterious glow around otherwise dull objects.  I felt particularly good tonight and could have ran forever it seemed but have to be up and at em’ in, uh… 4.5 hours now for an early morning meeting in Alpharetta.  The vacant streets and the black painted veil of silence conspired to set my mind spinning.  So, I do what I do best when I run, I had a conversation with myself (I love those).  The conversation was centered around a seemingly innocuous question, “why do I run?”.  Here is what I came up with.

I Run Because...

I Run Because...

I Run Because…

I like it

I also like beer

there are those that can’t

it makes me feel alive

you never know when it might be your last

I like to commune with myself

it helps me escape

I like to test my limits

I like to get lost

I fancy myself as a counter-culturalist

I always have

I like to get high :)

I want to be better

it makes me better

a man I most admire does

it doesn’t require a membership

its natural

its stretches you

it makes me better for those I care about most (see video)

… I could go on but these were a few that flowed freely on a really cool night for a run.

Also here is a great article from the NY Times on running – enjoy.

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Exercising with the Family

Tri-Training with Kirsten

Quick post for me today. Recently my wife signed up for her first triathlon in June 2010. Like most things, she is highly disciplined and committed once she sets her mind to something. She got a little help during the weekdays so she could run, bike, swim, etc. and get ready for the big day. This has been going on for almost 3 months and she is doing great.

I’ve done a few triathlons of my own over the years and have been a runner / biker for more years than I care to count. In the past, this was kind of my thing. I had to steal time away during the evenings, weekends, etc. to get in a few miles. My older daughter has kind of gotta in to the routine as well and likes to do a 1/2 or 3/4 mile with me before I head out on my own route. As the kids get older this is increasingly harder to do but one of those things that I have to do. I, and my wife, have discovered I’m generally a much more agreeable and fun person when I exercise :)

Within the last few weeks my wife asked for my help in learning the fine “art” of clip-on pedals and gear changing. Anyone who has ever road-biked or mountain-biked can appreciate the complexities of trying to find the right gear as your losing momentum and heading up a gargantuan hill. I was happy to help and over the last few weekends have headed out to local parks with her and the kids to get in mileage and help get her ready. This included a pull-along cart for the kids that I termed the “roller-coaster” to help make the 1hr+ long ride more bearable in their minds. I, of course, got to carry the kids which made for an interesting bike ride. The closest parallel is running normally and then putting on a speed chute (running parachute) and trying to run. Basic ideas is it slows you down a bit. This actually helped me in that it made the ride more difficult and allowed all of us to get in a good workout.

Through these last few weekends I’ve increasingly gotten more and more excited about the possibilities of exercising as a family. What an awesome experience. What was once my “guilty” pleasure is now something that the whole family can get on board with.  More importantly, I look forward to the day when my little girls can start running, biking and maybe competing on their own.

I guess in short, over the last month or so my opinion on exercising with the family has changed dramatically. With some changes in equipment and schedules we have an activity that the whole family can enjoy now.

…and, oh by the way – today Kirsten (along with her motivational coach (me)) finished the full length sprint distance bike and run (pic included above).  I’m so proud of her!  She didn’t stop, not even once, and burned up the running portion averaging right around a 9 minute to 8:50 minute mile.  I’m most excited that my wife and I have now found a passion that we can enjoy together for many years to come.

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The Parallels of Adventure Racing & Business

C4 Adventure Race Pic

C4 Adventure Race Pic

A few weeks ago, I participated in a small adventure race in Woodstock, Georgia (Northeast of Atlanta). It was put on by the YMCA of Cherokee County and was a bunch of fun (many thanks to YMCA and Toby Bramblett for their efforts in pulling the race together).  The format included trail running, mountain biking and kayaking with land navigation and various challenge obstacles mixed in.  The team structure included three person, two person and solo teams.  I participated as a single team (solo) and raced under the banner “Kenzie-Carr”… in tribute to my two little girls! :)

Leading up to the race, and especially during the race, I had much opportunity to reflect and be a bit introspective.  In fact, I had a bit too much time to reflect because the race was 18 miles and 4 hours of cold river and lake crossings coupled with copious amounts of mud, sweat and salt.

This reflection lead me to start drawing the parallels between adventure racing and life.  Attached are a listing of just a few of those parallels.  I guess it is these parallels and the mental challenge of laboring through pain, nausea, fatigue, etc. that really draws me to the support of adventure racing.

Parallels of Adventure Racing & Life:
  1. “Competition is always more intense than you believe” > No matter the race, I always have a false notion that somehow the competition is going to be lacking, non-existent, or unprepared.  However, with each race I complete, I am ever more mindful that there is always a tier of well-prepared, intense and driven competition that will not simply roll-over.   Business is very similar to this adventure race parallel.  No matter the business, or challenge, there is always a group, no matter how small, that will pose significant competition to you and is prepared to sweat, sacrifice and bleed on equal levels to your own. Believing that there is no competition or the competition is going to roll-over is a fallacy.
  2. “Don’t always follow the crowd…or at least be conscious that you’re doing it” > During the race I got into a segment of the course where the terrain was unfamiliar and my land navigation became quite lacking.  It was at this time that I started checking for another competitor that was making better progress than I.  I found an experienced team that clearly had a great level of background in this tedious portion of the course.   In effect, I began following the crowd.  In business, we often follow the crowd.  Call it “group think” or a similar derivative but the end-effect is the same, your in the shadow of some one else.  More importantly, when your following some one else, you are intrinsically linked to their fate.  In my case, the group I followed helped me find a key checkpoint that might have otherwise been elusive.  In business & life, we follow the crowd at times.  The key is to be conscious when you are doing it and recognize that eventually you have to step out of the collective shadow and into your own light.
  3. “Stuff happens..deal with it and frame it correctly” > We all know it happens, the real question is how will you deal with it.  In my adventure race all was going wonderfully until the final stage, kayaking.  The day had been filled with some very fast trail running and equally fast mountain biking.  Each of these stages included lots of river passes and mud bogs which resulted in some very frozen feet.  When I reached the transition area for the final leg I looked forward to a change of shoes and a nice dry pair of socks.  Being fully outfitted with dry wear, I grabbed my kayak and headed for the lake and my miles of paddling.  At the lake’s edge I was confronted with the scenario to walk in the lake and get my newly acquired dry feet apparel wet again, or try to do an awkward beach “push-off”.  The allure of dry feet was too much.  I decided the awkward, and in retrospect risky, beach “push-off” was the best bet for me.  With the grace of a sea lion,  I “pushed-off” from the beach and for a good few 3 seconds my feet were dry as the Sahara.  ….BUT… suddenly, unexpectedly, the kayak began to shake and wobble with the vigor of a stuck Sea Lion.  Suddenly, the kayak rolled & SPLASH.  In short, “stuff” had just happened to me.  I had 3 choices, (1) quit; (2) trade in my completely drenched clothes for semi-dry clothes at the transition station and burn 15 minutes; or (3) take a breath and jump in the kayak and paddle on.  I chose option #3.  Let’s face it, I was cold but had already been cold.  I chose to frame the optimistic view point which was I was nearly 70% done with the race and feeling great.  I excitedly pushed on and dried out pretty quickly.  In our daily business interactions we all know “stuff” happens.  I would argue that one of the things that separates an enduring enterprise from a short-lived one is how they view unexpected challenges and overcome them.
  4. “Try new approaches” > It’s easy to get bogged down in the application of the same methodology, or tools, that you have grown accustomed to and comfortable with.  Being able to recognize and appreciate that the “traditional” way may not be the best way is a critical aspect of success in any discipline.  For me, during the mountain biking portion I realized I had a mechanical. In essence, my bike wasn’t shifting right in the lowest of gearings.  I was forced to try a new approach.  Sometimes life and business force you to try a new approach.
  5. “Persevere – its easy to throw in the towel, but much more difficult to finish” > In life and in business, I have seen it all too often that a person or organization’s default response is to run for cover, throw in the towel or generally accept defeat.  Some people, more than others, have this as part of their standard “toolkit’ of life.  Too difficult = I’m going to do something else.  Probably one of the characteristics I like best about the adventure races I have been in is that they challenge you to dedicate, focus and persevere in order to finish.  My moment of this race was when I took an unplanned swim in Lake Allatoona on a very cold day in February (see item #3).
  6. “Challenge yourself” > Once in the race, I had the choice to just be a participant or to really try to push myself to my limits.  I think in business it is easy for organizations, teams and individuals to just participate.   They show up at the office, check some email, cup of coffee and on, and on, and on….  Businesses and team members should challenge themselves.  What is a new innovation that could springboard the company? Is there a new lead, new market opportunity or product enhancement that could be fast tracked?  Challenging yourself (or the business) is key to separating yourself from the pack and leading the charge instead of being just another passenger that is along for the ride.
  7. “Train & prepare for success” > I think the parallels here are pretty obvious.  Whatever the challenge, business or physical, you have to prepare for success through proper training and preparation. Too many times in business we enter into a competitive scenario without fully preparing ourselves or our organizations.  Members of a business organization have a propensity to believe that their competitors and their own organizations are static.  Worse yet, sometimes large organizations rely on their own perceived brand without realizing they need to always be “in training”.
  8. “Got to be in it to win it” > The last one is not only a cliche but also obvious.  However, this may be one of the most important parallels of all.  Too many times in business, as in life, we choose not to participate because the challenge is perceived as too taxing.  There are a thousand other cliche phrases I could use here.  Simply put, in life and business, a large part of your success is deciding to show up.
C4AR kayaking

C4AR kayaking

As for me, I was glad I showed up, challenged myself and got to go through the many emotions and physical challenges that make adventure racing such an awesome high!  I have several others races on the calendar in 2010 and look forward to continuing to get to know myself, my limits and having the opportunity to frame life differently and be truly appreciative for all that I have.

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The Affordable Health Care for America Act (HR3962) Trades Our Collective Liberty for Security (FYI…that’s bad)

No matter where you stand on the political “aisle” of life, be it Republican, Democrat, or Independent the current bill that was just recently passed by Congress is an absolute disgrace.  In fact, let us start on the right frame work from which to view this abomination.  Instead of pigeon holing ourselves into a nice category like conservative, republican, etc. how about we try a new name for our collective selves.  Guess what that name is?

A-M-E-R-I-C-A-N !

USA

“He who trades liberty for security deserves neither and will lose both.” (picture courtesy of USAA)

With that common understanding now well established let’s proceed.  The disgraceful part of the current bill is that is throws out the common themes and ideals that have identified us as the greatest nation on Earth for the better part of two centuries.

Ideals and values such as freedom of choice, hard work, honest day’s pay for an honest day’s work, entrepreneurship, and oh by the way did I say freedom & liberty? If not let me say it again…. FREEDOM…LIBERTY.  You see in today’s mass media market values like FREEDOM & LIBERTY have been watered down and commoditized.  Some how these words are now just part of the common toolkit of career politicians and political hacks, used to fight battles of popularity and power.

It seems that somehow overtime our country’s collective memory of how hard won our individual liberties and freedoms were have been forgotten.  Let’s face it getting the rights we have today and the lifestyle we enjoy was not a god-given right.  It was, and is, a gift that requires us to be vigilant and protect this wonderful thing we have been given.  I believe in America we have forgotten that liberty and security are two very different ideals.  The vote that was passed in Congress is a vote that by and large passed using persuasive arguments that appealed to constituents “security” side.  I like to be secure as well but not at the expense of my liberty.  To put this in extremely basic terms I’ve created a simple analogy: (see below)

You move in with your parents as a 35 year old adult after suffering a job loss, etc.  Your parents provide you “security” – roof over your head, food, transportation, comfort, conversation, etc.  However, it comes with a price.  You see your Mom is a strict Southern Baptist and doesn’t agree with your late night carousing, drinking, video game playing, farting, texting on your cell phone and she vehemently disagrees with this whole thing she calls the “world wide web”.  So guess what she does? That’s right, she restricts you.  Mom and Dad agree that you can no longer go out past 6pm, you can only drink Schwepps Ginger Ale (on special occasions you can have O’Doul’s), the only games you can play are checkers (good news is your Mom has a friend named Hilda that rocks at checkers), gaseous substance releases have to be done outside and last but not least she confiscates your laptop calling it the “gateway to hell”.

And there you have it folks.  You’ve achieved your security and in the process you have traded your liberty.  Sucks doesn’t it?

Make no mistake about it.  This is the path we are on.  You see, we can’t have it both ways.  I hope that sooner, rather than later, we as Americans understand the differences and the tradeoffs that are involved.

Thomas Jefferson nailed it a very long time ago when he said the following:

“He who trades liberty for security deserves neither and will lose both.”

On this Veteran’s Day let us not only honor those great men and women who have honorably served but also be reminded that their sacrifices were to guard the liberty and freedom of choice that we have today.

http://www.opencongress.org/bill/111-h3962/show >  Visit this link to learn more about HR 3962

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Foreshadowing the Federal Path, Is New Jersey a Proxy for Extreme Democratic Policies?

Could there be any better example of government largesse than the great state of New Jersey?  Boasting one of the highest tax rates in the union and boasting an even higher amount of government hand-outs it has to be one of the poster children for what life may resemble in the rest of our beloved union if we continue to let this current Democratic power-grab continue unabated. Before you believe that I’m some Southern Conservative that doesn’t have a clue about life in the North let me preface my comments by saying that I met my wonderful wife in New Jersey and went to undergrad in New York.

Okay…with that being said as they like to say in baseball – “Batter Up!”.  Today, I came across an article that was discussing President Obama’s visit to New Jersey to lobby the states democratic base to vote Governor Corzine in for another term.  In fact, in this event it appeared the Dems were pulling out the heavy artillery and actually had to change the venue from Rutgers to PNC Stadium to accommodate the flood of people wanting to get a chance to see President Obama.  In a show of the popularity of Obama versus Corzine, they even gave Obama top billing on Corzine’s event (see picture below of the campaign poster).  All of this is somewhat laughable in a state that boasts some of the highest taxes in the union and has shown a continued propensity to operate its government machine on the backs of hard-paying property owners.

My key question, if Corzine and Obama are such great buds and have such an awesome thing going with their democratic policies then why is New Jersey in such a hole.  Property owners are getting the shaft and the state makes it very difficult to attract new businesses, and in turn new residents.

I think the challenge is expectations.  Like most things in life, and as my wife likes to tell me,  if you set expectations realistically it generally makes life more enjoyable.  It seems that some residents of New Jersey have an expectation that amounts to a hand-out.  Nothing in life is free. It is cleche’ but absolutely correct.  Can you have “free” healthcare ? can you live in nice accommodations without working ?- the answer is yes…  BUT …. it comes from somewhere.  The business owner, the land owner, etc. that has to support the “free” healthcare adjusts his cost of doing business calculations by factoring in this new cost.  He then looks for ways to adjust.  These adjustments include – shedding work force, raising prices on his products, moving overseas to a lower cost environment, etc.

At the end of the day, New Jersey helps to serve as a window into what our federal government and other states may resemble if we let these “expectations” go unchecked.  Business owners, workers, citizens, legislatures – we all have a choice.  One a decision is made we also have a choice.  I hope the citizens of New Jersey exercise their choice and vote Corzine out of office.  However, caution exists.  The new person filling his shoes has to be like the doctor – delivering realistic news, setting realistic expectations and making us take the right medicine which may taste bad but will have the appropriate effect.

Obama gets top billing at Corzine event

http://www.nj.com/news/index.ssf/2009/07/president_obama_link_to_gov_co.html

Video Clip of the crowd arriving at PNC Bank Arts Center for President Obama

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The Next Great Heist…Misinformation

 

Misinformation and the Internet

The Next Great Heist...Misinformation

Okay so I have seen my fair share of Die Hard-esque, conspiracy laden action movies and would like to think of myself as a generally level headed individual.  Seriously, who could really believe that some Internet savvy, greedy, terrorist organization could take control of an entire US network infrastructure and cause wide spread pandemonium like what happens in Die Hard 4. Even better, what about the James Bond movie, Tomorrow Never Dies, where a crazy media mogul tries to start a war by leveraging his global media empire combined with the basic vulnerability of a absurdly naive viewing audience.  The movie Tomorrow Never Dies was filmed in 1997 and since then we have experienced the rise of Google, heightened popularity of social media platforms, and a general ability to be plugged in and reporting from almost anywhere. 

 

It is in this new modern day, “always-on” society that I wonder: Have we created such a highly integrated, Internet driven society that our basic vulnerabilities are significantly higher today than they might have been even five years ago? (i.e. Are the plot lines of these two movies referenced above really that far out of line?)

Case in point, in 2008 there were 2 occurrences that received moderate news coverage but had a more significant impact than what the standard news media portrayed. Both occurrences involved misinformation and big swings in the public stock prices of two very large companies.  The bigger issue behind both of these stories was the fact that because of the interconnectedness of our modern day world, the misinformation spread quickly and caused downstream affects that were extremely significant.  The two publicly traded companies affected in these two instances were Google (GOOG) and United Airlines (UAUA). 

The United Airlines scenario is particularly intriguing.  Over the weekend of September 6, 2008 (Saturday) an article was posted to the South Florida Sun Sentinel website that indicated United Airlines was filing for bankruptcy.  The shocking article was actually true with just one problem.  The actual bankruptcy filing of United Airlines had occurred approximately six years prior in 2002.  Here is the interesting part, through the wonders of the Web, website visitors began clicking on the article in heavy volumes while visiting the newspaper’s website.  This caused the article to grow in popularity and actual be featured on a most popular article section of the website.  This in turn caused Google’s news reader bots to recognize the significance of the article and index it within the Google news ecosystem.  One search later by an investment advisory / news shop in South Florida and a subsequent Bloomberg update and Voila!, massive sell-off of United Airlines on Monday, September 8th, 2009. How massive?  Below is the trading activity from September 2, 2008 to September 10, 2008.  On the panicked Monday sell-off, United Airlines (UAUA) traded in volumes that were nearly triple from the previous Friday.  More importantly, the stock which had closed at $12.30 a share on Friday reached a intra-day low on Monday of $3.00. The delta of $9.30 a share represented the evaporation of $1.4 Billion, Yes that’s BILLION. Obviously, the move downward on Monday was countered when investors realized the story was old and not relevant.  The thing I find most poignant about this scenario is that it shows both the fragility and strength of our networked society.  

Information regarding details of United Airlines bankruptcy filing:  http://www.out-law.com/page-9418

 

United Airlines Trading Surrounding Bogus Bankruptcy Filing

United Airlines Trading Surrounding Bogus Bankruptcy Filing

 

 

The other scenario in 2008 involved Google.  Similar concept, misinformation and interconnected systems cause momentary blip and erratic pattern in trading.

Link to Valleywag article http://valleywag.gawker.com/5057089/googles-share-price-swings-200-in-a-few-minutes

 

So what’s the point?

The point is simply a recognition on my part that :

(A) we are more connected and that creates awesome opportunities and also more risks

(B) this interconnectedness could be used by greedy criminals (you know the Die Hard 4 kind) to manipulate markets and momentarily guide opinion and therefore behavior

(C) within this environment we need to craft governmental legislation that will ensure we all are allowed to benefit from the good but limit our downside risk.

 

In short, I love technology, the Internet and sometimes these social apps.  Well sometimes not the social apps, especially when a semi-friend from high school updates me on the fact that they are folding laundry with Tommy.  Either way, it is clear to me that some of these far-fetched plots of Tinsel town could potentially be more viable as we continue to migrate ourselves, our businesses further into the Internet as evidenced by 2 incidents in 2008 (GOOG & UAUA).

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US Needs to Go on a Budget Diet

Whether it is losing that spare tire, giving up that daily latte, or taking that prized ten year old flannel shirt to good will, losing and the idea of doing without is never one that is very easy.  Let’s face it most of us are programmed in almost the same way. Give us something that we didn’t need and we say thank you.  Try to take it away and good luck.  Our US economic policy has proven this phenomenon transcends personal borders and actually manifests on a national scale as well. 

This phenomenon has never been more apparent than in the face of the current economic crisis that the United States faces.  President Obama has rallied his troops, and politicians from Seattle to Secaucus have all sung the praises of budget cutting and fiscal responsibility.  Interestingly enough though it appears that all politicians are on board for budget cuts at a macro perspective, but when it comes to actually cutting “THEIR” budgets – the consensus and collegial penny-pinching bureaucrats seem to lose it.  Effectively, all are ready for budget cuts so long as they don’t have to sacrifice any of their hard earned federal hand-outs. 

Take for instance the case of Mayor Pagliughi who is fighting proposed federal and state budget cuts to his tourism budget for the Cape May, New Jersey area.  It seems Mr. Pagliughi believes that proposed federal and state budget cuts will slow the nearly $5 Billion annually that is spent in Cape May County each year.

I’m certain that both state and federal funds have helped to ensure job stability and continued tourism revenues to Cape May County but the real question is what is the demarcation line for “have to have” versus “nice to have”.  

My approach to the issue of federal budget belt-tightening is quite simple, I parallel the budgeting process to my own simple family budgeting process.  If we only have X amount of income in a month and I know that we are going to have X+10% in expense…then guess what?  That’s right, like most American families I scour through the budget and cut the fluff for that month to ensure that we don’t spend ourselves into oblivion.  This expense cutting is certainly not pleasant but it is the responsible thing to do.  Often times the things that get cut are those that are most fatty in nature and are not core to keeping our household operating. For instance, maybe we cut back on our entertainment budget and don’t go to a museum or zoo, or maybe we eat out a few less times that month.  

Certainly I’m not naive, and I recognize that cutting jobs and federal programs is not as easy as cutting my daily latte, but, at the end of the day the approach is the same.  The idea that we can continue to spend without cutting back is flawed.  Cutting back by its very nature is a painful process and one that makes all involved uncomfortable and sometimes anxious.  However, the alternative to not cutting back now is that current politicians put an even greater weight on our future generations in terms of debts and delaying the very real, and hard decision making that is required by persons in power. 

So, let’s get real with ourselves and call a family meeting, sit-down, talk about it and get it done.  The current turf-protecting that is taking place in Washington and elsewhere is a recipe for more years of the same and a continued bloated and flawed federal budget.

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