Wednesday, July 14, 2004

My two cents on ths mess!

The fall of Centex is like a Greek tragedy. Dad's fatal flaw has always been his ego. In his quest to run a multi-location, 10+ Million dollar business, he forgot the basic rule of business. That is if you spend more than you make, yo ass is not going to be in business for long.

This is why we all rolled our eyes at every new commercial that he made featuring himself. Because we knew that the purpose of the ad was not to sell foundation repair, it was for Ben to get on television. The reason that he signed up to be a speaker at the different breakfast events was not to sell foundation repair, but to have a platform to hear himself speak and stroke his ego.

I hope that he can correct this problem, however I fear that this one goes all the way down to the (pardon the pun) foundation of his character. It would be nice if he could get the same satisfaction from running a disciplined, profitable, smaller company.

There is no doubt that Dad's ego is severely bruised right now. Mike is right in that I think that after a brief struggle to grasp the full reality of the situation, that Dad now knows what he has to do and is in the right frame of mind to get it done. My concern is that as soon as business picks back up a little, that it will be right back to business as usual. I hope that I am proved wrong.

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