Thursday, February 11, 2010

A Different Viewpoint on Entrepreneurship

OK…I’ve stopped laughing so now I can type out this post. I just finished reading an interview in the NY Times with George Cloutier who is the founder and CEO of Amercan Management Serices…and he has some things to say to all of us entrepreneurs. The article is “Fire Your Relatives. Scare Your Employees. And Stop Whining.” From the article:

It’s not the economy, stupid, it’s you. So says George Cloutier, author of “Profits Aren’t Everything, They’re the Only Thing” Mr. Cloutier, the 63-year-old founder and chief executive of American Management Services, specializes in advising small and midsize businesses and turning troubled companies around.

His advice is to put profits above all. Always pay yourself first. Shock your laggard employees. Don’t accept excuses. His ax falls on trade shows (“they’re just a flimsy excuse for a paid vacation”), sweat equity (“I call it working for nothing and being a fool”) and teamwork (“vastly overrated”). And if you ever apply for a job at American Management Services, don’t mention that you like to play golf.

While there are things in the interview that I do agree with, in the above short paragraph, there are six things that I totally disagree with and others that made me just laugh out loud. Take a moment, read the interview, and get ready to laugh.

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