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15 12, 2016

Margin Isn’t Enough

By |2016-12-21T22:52:18+00:00December 15th, 2016|Alec Pendleton, Economic Growth, Profit Margin|Comments Off on Margin Isn’t Enough

"When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.” By Alec Pendleton, Big Ideas for Small Companies I grew up in a family manufacturing business, which my father had built from nothing over years of assembling the right management team, acquiring compatible companies, and steadily improving operations.  By the time I arrived on the scene, there were about a dozen plants and almost 1,000 employees, and the company was well respected in its various markets. And after fifty years of high [...]