Tag Archives: health

Dear President Elect Trump

Dear President Elect Trump; Congratulations on your election. Clearly there is a strong sentiment for change in the United States, and it appears that you are the beneficiary. I hope that supporting small business, the engine of job creation and innovation … Continue reading

Posted in John's Opinions, Leadership, Managing Employees, Politics and Regulation, Strategy and Planning, Technology | Tagged , , , , , , , , , , , , , , , , , , , , , , | 19 Comments

19 Responses to Dear President Elect Trump

  1. Right to the point!!! Perfectly stated of a perfectly chosen subject.

  2. Beth says:

    I would agree that he may not have suffered the same as the “typical” small business owner. Not fair to disqualify him as a business owner though. I would definitely qualify him as different. History will probably suggest the same.

    • Ron B. says:

      I agree with you that indeed he is a business owner, though not a “typical” small guy, and definitely of a “different” breed. He grew up as part of the “privileged” society rather than “typical.” Was sent to military school for discipline training by his father, likely an impatient man, where he thrived rather than succumb to being under control. During an interview on a national morning news program prior to the election, his son boldly proclaimed his father’s diminished poll numbers only made him more determined because he was always the ultimate “winner.”

  3. David Cunningham says:

    Well meaning politicians often ask me, “What does small business need?” My replies have always been about specifics for Colorado. Your letter paints a broader, better, picture. Could you send a copy of the letter to every member of Congress?

  4. Beth says:

    It is a great letter minus politics, well done.

  5. Carl Strobel says:

    Superb and thoughtful reasoning.

  6. Will Carter says:

    Excellent! Could not agree more about the solution to immigration – we need a work force, just make it legal.

  7. Geoff says:

    Great letter, John! Nothing but truth, and straight to the point. Although many small business owners are not adversely affected by estate tax due to current exemptions, it would be nice if a lifetime of work and wealth accumulation faced no penalty due to the certain eventuality of death.

  8. Tom Letourneau says:

    John,
    You wrote what we’re all thinking. I just hope our Representatives in Washington (and at the state level) can understand the simplicity of success: let business do business and don’t hamstring us with undue regulation!

  9. Tracey Cheek says:

    Love this so much, I posted to LinkedIn. Thanks for sharing!

  10. Rodney Fischer says:

    In your letter to Trump, you say that he “is no different” than those in Washington who have never actually been business owners. I am wondering if this was a mistake. He may not have “started from scratch” but he has employees. He has financial statements and budgets. He has had the stress of failed businesses, dealings with employees, and over-regulated development hurdles. He has unbelievable financial risks with every “Tower” he develops. I am pretty certain he has people suing him daily considering the number of employees and customers he has.

    As a second-generation business owner, I have had a lot set in my lap (not nearly as much as Trump, though!) with which to continue running a business. I will tell you I get idiots telling me I had everything handed to me. And I want to kick their ass! When the banker calls a special meeting to discuss financial ratios, there are no hand-outs. When the employee you trained and nurtured works their way up the ladder to become a manager…..and then steals from you, there is nothing easy about terminating the person and affecting their family’s income source. When a new competitor comes to town that will drastically affect business, there is no sleep. It is true that starting with a pile of $$ makes it easier to keep things running INITIALLY, but in the end, incompetent leadership will result in the same ending. In the end, maintaining the legacy of your father has it’s own pressure!

    So, for all of his personality flaws, let’s not insult the man more by grouping him in with the people in Washington that do not have a clue how to balance a budget, who fail to acknowledge that tighter border control would make our families safer, and who refuse to live by the same rules and regulations as the rest of the country. He is better equipped intellectually and experientially than any of those people. And, quite honestly, their characters are probably not much better – they just don’t have the entire liberal media probing the depths of the closet in which their skeletons reside.

    • John F. Dini says:

      Good point, Rodney. Just because someone had a hand up doesn’t mean he/she isn’t a business owner. Pardon my myopia about the glories of no resources. Hard Knocks is a school, but it’s not the only school.

  11. Mike Wright says:

    The Greatest thing about America is that it has been the land of opportunity, not the land of give aways. Several of these point are severely important in this regard. We should focus on how to give people back opportunities, and support them. The disintegration of the middle can and must be checked. A society that is divided into givers and takers does not fulfill one of our most important rights ” the pursuit of happiness “.

  12. Daniel Kearns says:

    Well said John!

  13. Carl Grimes says:

    Excellent! Thanks for your thoughts.

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The Fourth Entrepreneurial Sin — Wrath

We continue the Seven Deadly Entrepreneurial Sins series that we started here. We’ve covered the two Operational Sins (Lust and Gluttony) that make you less effective as an owner. Sloth is the first of the Tactical sins; those that make … Continue reading

Posted in Building Value, Entrepreneurship, Leadership, Managing Employees, Strategy and Planning | Tagged , , , , , , , , , , | Leave a comment

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Why Health Insurance Isn’t

Last week I wrote about the success of Obamacare in driving people from the private insurance market towards a national healthcare system. Clearly, I touched a nerve when I look at the tone of the responses received. Although I don’t … Continue reading

Posted in Economic Trends, John's Opinions, Leadership, Strategy and Planning | Tagged , , , , , , , , , , , , , , , | 5 Comments

5 Responses to Why Health Insurance Isn’t

  1. Jim Marshall says:

    I had a great uncle who practiced medicine from the turn of the century until the mid 20th century. In the last chapter of his book “Doctor Do Tell” dealing mostly with his experience delivering medical care to the people of rural Wisconsin……he warned of the evils of “socialized medicine”. Much has changed since the time he practiced….including the willingness of health care providers to be “paid in pickles”. The evils of non “socialized medicine” have become crystal and painfully clear.
    The present health care system based on the idea that competition brings about the best result is a failure if for no other reason that there is and will not be true competition. Nationalized health care can minimize system costs….if design and operation remained focused on the goal of efficient, results oriented care measured by and paying for results. A single payer system that assures and pays for results oriented care (as opposed to pay per procedure) is probably the only way that a nation can bring about maximum care per dollar expended. The only logical single payer is government. If a clear goal (as mentioned above) was the standard to which any plan was held….much better product (our health care) could be brought about for all.

  2. Jim Marshall says:

    I neglected to mention his book was written in 1945.

  3. David Basri says:

    Except that not everyone is going to use all they did (or should have) put in. My mother will turn 99 early next year. She is in an assisted living center that costs thousands monthly, but uses just a small fraction of the services the price is meant to cover. This is good thing. Others use much, much more than they ever did (or could have) put in.

    The only solution is something based on the underlying concept of insurance. Many put in
    X and a fewer number take out Y. Even in countries where there is universal government provided healthcare, the concept is the same with taxes substituted for the bulk of premiums.

    The problem in the US is that the insurance paradigm is private and discretionary. Not everyone has to pay in, so healthier lower cost people opt out at a disproportionately high rate. The insurance companies are profit driven, so left to their own they simply do not want to cover those who represent a higher risk.

    Average life span in the US is into the 70s. That means both individuals and companies have to think very long term to justify the equation. In a system where participation is discretionary, and the actuarial pool is private and focused on making shareholders and executives happy the following quarter, the actuarial numbers will not to add up.

    Human nature simply does not work well in multi-decade time frames. Only an external entity can make the health care actuarial equation work. The ACA is bending the curve, but it is a poor mishmash trying to influence an inherently unworkable model based on private insurance and discretionary participation.

  4. Mike Weaver says:

    I have always thought it strange that people expect routine doctor visits and long term prescription medications to be covered under a health insurance plan. When you buy car insurance your tires and oil changes are not covered are they?

  5. David Basri says:

    It is only strange if you try to equate health care with consumer goods. Same basic problem as trying to force market principles to “control” health care costs. It is not a market or a consumer good, and should not be.

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It’s Time for the Boomers to Step Up

Why I Need to Say This Three years ago I wrote an open letter titled “Last Chance to Save America” and sent it to my entire email list. It went viral, and I received almost a thousand emails in reply. … Continue reading

Posted in Business Perspectives, Exit Planning, John's Opinions, Leadership, Politics and Regulation | Tagged , , , , , | Leave a comment

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If You are a Victim; You are Guilty.

Let’s say you own a small Italian Restaurant. Fifteen tables. Pasta, Pizza, beer and wine. Not really a white tablecloth place. More like plastic red and white check tablecloths with Chianti bottles and drippy candles. On a good Saturday night … Continue reading

Posted in Politics and Regulation, Technology | Tagged , , , , | 2 Comments

2 Responses to If You are a Victim; You are Guilty.

  1. Anonymous says:

    "Your data is encrypted? Law enforcement sources tell me that decryption programs to defeat the current levels of credit card security can be bought for $125 on the web and installed in 15 minutes."

    Your law enforcement friend is uneducated in this topic, I work in data forensics- simple PGP or RSA encryption would have solved this problem.
    http://news.softpedia.com/news/FBI-Unable-to-Decrypt-Brazilian-Banker-s-Data-145640.shtml

    Perfect example above, from recent news- and thats a cheap encryption suite. Like I said your law enforcement buddy needs to quit talking about things he does not understand.

    They key is to;
    1. use intelligent passwords on all systems and equipment
    2. protect the transmission and reception of cc data
    3. protect your customer, dont let your waiters wonder off with a credit card, have managers be on the lookout for skimmers

    Think like a criminal, its not that hard, how would you steal from your own business?
    Then work on that weakness.

    Criminals evolve, you must as well.

  2. Todd A. Marquardt, Esq. says:

    Very informative. Even a proactive business owner may not have known about the risks to accepting credit cards. Thanks.

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