tag:blogger.com,1999:blog-529575095156315075.post4833887923331353919..comments2024-02-09T12:12:37.636-08:00Comments on best minimum wage job a middle aged guy ever had: I doubts Amazon.Duncan McGearyhttp://www.blogger.com/profile/02857388833850939721noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-529575095156315075.post-55447030547486525282012-10-30T17:17:44.281-07:002012-10-30T17:17:44.281-07:00"Yes, H.Bruce...I'm aware of the Keynes q..."Yes, H.Bruce...I'm aware of the Keynes quote: "In the long run, we'll all be dead."<br /><br />And before he dies Jeff Bezos will make a shit ton of money. Which is really what it's all about at that level, not how long the business survives.H. Bruce Millerhttps://www.blogger.com/profile/14613347512240617956noreply@blogger.comtag:blogger.com,1999:blog-529575095156315075.post-25464570654271124812012-10-30T17:14:32.869-07:002012-10-30T17:14:32.869-07:00"How much of the value of Amazon is in its st..."How much of the value of Amazon is in its stock"<br /><br />Current market cap is approximately $107 billion and P/E ratio is 294.1, which is very high. But the five-year average return on equity is 16%, which is very respectable. (Full details: http://finapps.forbes.com/finapps/jsp/finance/compinfo/Ratios.jsp?tkr=AMZN)<br /><br />I don't think comparing your small business (or any small business) to the likes of Amazon is valid. They're operating in a whole different universe from a little single-proprietor operation. Yes, the stock value depends largely on perception, but that's true of any publicly traded company.H. Bruce Millerhttps://www.blogger.com/profile/14613347512240617956noreply@blogger.comtag:blogger.com,1999:blog-529575095156315075.post-27321560087646428762012-10-27T13:02:03.213-07:002012-10-27T13:02:03.213-07:00Great post Duncan. Can't tell you how many tim...Great post Duncan. Can't tell you how many times people have talked to me in terms of being a real success when I have grown to have 10 or more employees, as if that expansion would equate to success, rather than my one person web store which brings me just enough income to pay my bills and invest in my retirement funds with the occasional vacation thrown in the mix as well. The only potential downside that I see to staying small is that when I want to retire in 15 years or so I won't be able to sell my company for as much as I would be able to if it was a bigger operation. But, not having the headaches and sleepless nights that are sure to go hand in hand with trying to get bigger is worth it to me. And yes, I am glad to report that everything I sell is made right here in my studio in Bend, Oregon.Owenhttps://www.blogger.com/profile/01573063499090272338noreply@blogger.comtag:blogger.com,1999:blog-529575095156315075.post-7455462291612519632012-10-27T12:36:22.432-07:002012-10-27T12:36:22.432-07:00Duncan,
And exactly how many of the products made...Duncan,<br /><br />And exactly how many of the products made in your store are manufactured in Bend?<br /><br />The local is cheaper only really applies to products that are manufactured locally.Anonymousnoreply@blogger.com