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The firm has two cats, one for the warehouse and one for the attic. Now it occasionally happen that the two cats met; and the result was always a terrific fight. The aggressor was always the warehouse cat yet it was always the attic cat who managed to win - just like among nations.
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Anne Frank (The Diary of a Young Girl)
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Meanwhile, Amazon’s treatment of warehouse workers had been making headlines since 2011. That’s when an investigation by the Allentown Morning Call newspaper revealed what were—quite literally—sweatshop conditions. When summer temperatures exceeded 100 degrees inside the company’s Breinigsville, Pennsylvania, warehouse, managers wouldn’t open the loading bay doors for fear of theft. Instead, they hired paramedics to wait outside in ambulances, ready to extract heat-stricken employees on stretchers and in wheelchairs, the investigation found. Workers also said they were pressured to meet ever
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Jessica Bruder (Nomadland: Surviving America in the Twenty-First Century)
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What if, by contrast, you are more a user of intangible assets: say, the Amazon warehouse, using the knowledge of the routing algorithm, or Starbucks, using the franchise book? For these firms, the organization and so management would look different. You probably want to have more hierarchies and short-term targets, since you are less worried about information flows form below and more concerned about low performance and stopping influence activities.
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Jonathan Haskel (Capitalism without Capital: The Rise of the Intangible Economy)
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She could be in a warehouse, someone’s home. She might not even be in Kerch anymore. It didn’t matter. She was Inej Ghafa, and she would not quiver like a rabbit in snare. Wherever I am, I just have to get out. She’d managed to nudge her blindfold down by scraping her face against the wall. The room was pitch-black, and all she could hear in the silence was her own rapid breathing as panic seized her again. She’d leashed it by controlling her breath, in through the nose, out through the mouth, letting her mind turn to prayer as her Saints gathered around her. She imagined them checking the ropes at her wrists, rubbing life into her hands. She did not tell herself she wasn’t afraid. Long ago, after a bad fall, her father had explained that only fools were fearless. We meet fear, he’d said. We greet the unexpected visitor and listen to what he has to tell us. When fear arrives, something is about to happen. Inej intended to make something happen.
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Leigh Bardugo (Six of Crows (Six of Crows, #1))
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It is unlike the industrial era, when corporations depended on people with a wide range of skills: managers and marketers, engineers and technicians, warehouse workers and salespeople. These jobs were often unionized, at least in the manufacturing and energy sectors, so that upper management was compelled at least to consider diverse views on how the business should operate. In contrast, tech firms are rarely unionized, and none of the largest internet-based firms are.7 Crucially, the tech giants employ relatively few people in proportion to their revenues.
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Joel Kotkin (The Coming of Neo-Feudalism: A Warning to the Global Middle Class)
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History favors the bold. Compensation favors the meek. As a Fortune 500 company CEO, you’re better off taking the path often traveled and staying the course. Big companies may have more assets to innovate with, but they rarely take big risks or innovate at the cost of cannibalizing a current business. Neither would they chance alienating suppliers or investors. They play not to lose, and shareholders reward them for it—until those shareholders walk and buy Amazon stock. Most boards ask management: “How can we build the greatest advantage for the least amount of capital/investment?” Amazon reverses the question: “What can we do that gives us an advantage that’s hugely expensive, and that no one else can afford?” Why? Because Amazon has access to capital with lower return expectations than peers. Reducing shipping times from two days to one day? That will require billions. Amazon will have to build smart warehouses near cities, where real estate and labor are expensive. By any conventional measure, it would be a huge investment for a marginal return. But for Amazon, it’s all kinds of perfect. Why? Because Macy’s, Sears, and Walmart can’t afford to spend billions getting the delivery times of their relatively small online businesses down from two days to one. Consumers love it, and competitors stand flaccid on the sidelines. In 2015, Amazon spent $7 billion on shipping fees, a net shipping loss of $5 billion, and overall profits of $2.4 billion. Crazy, no? No. Amazon is going underwater with the world’s largest oxygen tank, forcing other retailers to follow it, match its prices, and deal with changed customer delivery expectations. The difference is other retailers have just the air in their lungs and are drowning. Amazon will surface and have the ocean of retail largely to itself.
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Scott Galloway (The Four: The Hidden DNA of Amazon, Apple, Facebook, and Google)
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Back in 1990, the futurist George Gilder demonstrated his prescience when he wrote in his book Microcosm, “The central event of the twentieth century is the overthrow of matter. In technology, economics, and the politics of nations, wealth in the form of physical resources is steadily declining in value and significance. The powers of mind are everywhere ascendant over the brute force of things.” Just over twenty years later, in 2011, the venture capitalist (and Netscape cofounder) Marc Andreessen validated Gilder’s thesis in his Wall Street Journal op-ed “Why Software Is Eating the World.” Andreessen pointed out that the world’s largest bookstore (Amazon), video provider (Netflix), recruiter (LinkedIn), and music companies (Apple/ Spotify/ Pandora) were software companies, and that even “old economy” stalwarts like Walmart and FedEx used software (rather than “things”) to drive their businesses. Despite—or perhaps because of—the growing dominance of bits, the power of software has also made it easier to scale up atom-based businesses as well. Amazon’s retail business is heavily based in atoms—just think of all those Amazon shipping boxes piled up in your recycling bin! Amazon originally outsourced its logistics to Ingram Book Company, but its heavy investment in inventory management systems and warehouses as it grew turned infrastructure
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Reid Hoffman (Blitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies)
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Of course, for all their counterculture pretensions, corporations like Google, Amazon, and Apple are still corporations. They seek profits, they try to maximize their monopoly power, they externalize costs, and, of course, they exploit labor. The American technology sector has externalized the cost of industrial pollution to Chinas cities, where people live in a pall of smog but no one - certainly not Apple - has to bear the cost of cleanup. Apple/Foxconn’s dreadful labor practices in China are common knowledge, and those Amazon packages with the sunny smile issue forth from warehouses that are more like Blake’s “dark satanic mills” than they are the new employment model for the internet age.
The technology industry has manufactured images of the rebel hacker and hipster nerd, of products that empower individual and social change, of new ways of doing business, and now of mindful capitalism. Whatever truth might attach to any of these, the fact is that these are impressions carefully managed to get us to keep buying products and, just as importantly, to remain confident in the goodness and usefulness of the high-tech industry. We are being told these stories in the hope that we will believe them, buy into them, and feel both ip and spiritually renewed by the association. Unhappily, in this view of things, mindfulness can be extracted from a context of Buddhist meanings, values, and purposes. Meditation and mindfulness are not part of a whole way of life but only a spiritual technology, a mental app that is the same regardless of how it is used an what it is used for. Corporate mindfulness takes something that has the capacity to be oppositional - Buddhism - and redefines it. Eventually, we forget that it ever had its own meaning.
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Curtis White (We, Robots: Staying Human in the Age of Big Data)
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Job Acquisition
The entire job-acquisition process—considering job prospects, your personal and professional preparation, creating a resume, going on a job interview—depends for success upon possessing social skills and managing anxiety. How you adapt to the stress of this process can play a major role. As with other aspects of interaction, anxiety can often keep you from getting the jobs you really want and would be well suited for. If you allow your anxiety to control you, you may avoid applying for a new position because you fear rejection. Or you may let the fear of failure keep you from accepting a new challenge, no matter how badly you would like to take the job. But let’s look first at the job process and consider self-help techniques that will lead to a more rewarding, productive career. For people with social anxiety, low self-esteem is often a stumbling block to fulfillment in their careers: If you feel you are underqualified, you may hesitate to seek challenges, whether in a new company or within your current one.
I have worked with several men who say their self-esteem is low because they are not the stereotype of success: They do not wear a suit, carry a briefcase, or drive the latest-model car. In their minds, this is the most important measure of success. But they themselves are not failures. One of the men I can think of is a successful plumber, another has a telephone sales job, and a third manages a large warehouse. Still, they have doubts about their appeal to women because of their career choices; increasing their self-esteem will help them to see themselves in a new way. Success need not be defined by media standards such as the right clothes or an expensive automobile. Everyone is different. Your personal success can only be measured by your own personal fulfillment and productivity.
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Jonathan Berent (Beyond Shyness: How to Conquer Social Anxieties)
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Red Dino Sdn Bhd aims to provide e-commerce solutions to setting up marketplace accounts, managing and retaining seller's accounts, along with photography and graphic design - for ease of retailers and manufacturers to kick-start their online businesses.
Using our platform - DinoSync, we integrate multiple marketplaces, website providers, point of sales system (POS), multi-warehouse and shipping management, and business analytics into a single web application.
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DinoSync
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They measured, surveyed, and allocated whatever land had not been distributed. They built roads, bridges, fences, livestock pounds, and public landings. They exported barrel staves and imported “salt and Barbados goods on reasonable terms.” They authorized the building of a warehouse whose owner would “supply the town of Lyme with salt and certain woods upon reasonable terms,” and they prohibited the cutting of timber on common land and the “transport of the same out of the town” because “all sorts of timber grow scarce among us.” They also managed the operation of the gristmill to keep it “in repair continually for to grind the town’s corn all winter and summer,” and they decided the length of the school year, authorizing two dame schools “for teaching young children and maids to read and whatever else they may be capable of learning, either knitting or sewing.” In 1685 they decided to erect “a pair of stocks & scaffold to answer the laws within a month at the meeting house.
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Carolyn Wakeman (Forgotten Voices: The Hidden History of a New England Meetinghouse (The Driftless Series))
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Economics and P&L What are the per-unit economics of the device? That is, what is the expected gross profit and contribution profit per unit? What is the rationale for the price point you have chosen for the product? How much will we have to invest up front to build this product in terms of people, technology, inventory, warehouse space, and so on? For this section of the PR/FAQ, ideally one or more members of your finance team will work with you to understand and capture these costs so you can include a simplified table of the per-unit economics and a mini P&L in the document. A resourceful entrepreneur or product manager can do this work themselves if they do not have a finance manager or team. For new products, the up-front investment is a major consideration. In the case of Melinda, there is a requirement for 77 people to work on the hardware and software, for an annualized cost of roughly $15 million. This means that the product idea needs to have the potential to earn well in excess of $15 million per year in gross profit to be worth building. The consumer questions and economic analysis both have an effect on the product price point, and that price point, in turn, has an effect on the size of the total addressable market. Price is a key variable in the authoring of your PR/FAQ. There may be special assumptions or considerations that have informed your calculation of the price point—perhaps making it relatively low or unexpectedly high—that need to be called out and explained. Some of the best new product proposals set a not-to-exceed price point because it forces the team to innovate within that constraint and face the tough trade-offs early on. The problem(s) associated with achieving that price point should be fully explained and explored in the FAQ.
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Colin Bryar (Working Backwards: Insights, Stories, and Secrets from Inside Amazon)
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As he entered a bare room in the back of Amazon's cavernous Tennessee warehouse, I saw a President who seemed remarkably human, like any other American who'd managed to make something of himself thanks to ambition, luck, and the beneficence of a government that made opportunities real.
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David Blum (President Barack Obama: The Kindle Singles Interview (Kindle Single))
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One of the most critical design and architecture decisions adopters of advanced analytics must make is whether to store analytic data in a data warehouse or in a standalone analytic database. Where does the data go? Where is it managed? Where are we going to do our analytical processes? Philip Russom, Senior Manager, TDWI Research
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Keith Holdaway (Harness Oil and Gas Big Data with Analytics: Optimize Exploration and Production with Data-Driven Models (Wiley and SAS Business Series))
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Popular textbooks on database systems include Database Systems: The Complete Book by Garcia-Molina, Ullman, and Widom [GMUW08]; Database Management Systems by Ramakrishnan and Gehrke [RG03]; Database System Concepts by Silberschatz, Korth, and Sudarshan [SKS10]; and Fundamentals of Database Systems by Elmasri and Navathe [EN10]. For an edited collection of seminal articles on database systems, see Readings in Database Systems by Hellerstein and Stonebraker [HS05].
There are also many books on data warehouse
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Vipin Kumar (Introduction to Data Mining)
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When Jon saw the pain in Tom’s eyes, he believed his words. Tom had also wanted to distance himself from Jon and the captain so as to remove temptation that would earn him some more stripes. (Are you still afraid of the whip, Tom? asked Jon. Aye, love. Now and always, answered the big man.) Tom had taken up work at the Jewel doing maintenance and repairs and had recently been promoted to warehouse manager, a position that Tom thought suited him well. (Well… mostly liftin’ boxes and yellin’ at folks, answered Tom truthfully to Jon’s question. Same as on board, really.) Tom had given strict instructions to everyone he knew not to let Baltsaros know of his whereabouts.
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Bey Deckard (Caged: Love and Treachery on the High Seas (Baal's Heart, #1))
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But that’s not the worst part of this corporate American tradition. The worst? That odious moment occurs when all of the supervisors and their assistants dress up in their Sunday best, and gather at the front entrance to the warehouse-sized building we call home. Think of it as a grand procession headed straight up corporate leadership’s pompous asses. I completely envied every one of my peers who, through the gift of prognostication or just plain old luck managed to request the day off, long in advance. On
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Aiden James (Deadly Night (NashVegas Paranormal Book 1))
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Dimensional models implemented in relational database management systems are referred to as star schemas because of their resemblance to a star-like structure. Dimensional models implemented in multidimensional database environments are referred to as online analytical processing (OLAP) cubes, as illustrated in Figure 1.1. Figure 1.1 Star schema versus OLAP cube. If your DW/BI environment includes either star schemas or OLAP cubes, it leverages dimensional concepts. Both stars and cubes have a common logical design with recognizable dimensions; however, the physical implementation differs. When data is loaded into an OLAP cube, it is stored and indexed using formats and techniques that are designed for dimensional data. Performance aggregations or precalculated summary tables are often created and managed by the OLAP cube engine. Consequently, cubes deliver superior query performance because of the precalculations, indexing strategies, and other optimizations. Business users can drill down or up by adding or removing attributes from their analyses with excellent performance without issuing new queries. OLAP cubes also provide more analytically robust functions that exceed those available with SQL. The downside is that you pay a load performance price for these capabilities, especially with large data sets.
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Ralph Kimball (The Data Warehouse Toolkit: The Definitive Guide to Dimensional Modeling)
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Enterprise Data Warehouse Bus Matrix The enterprise data warehouse bus matrix is the essential tool for designing and communicating the enterprise data warehouse bus architecture. The rows of the matrix are business processes and the columns are dimensions. The shaded cells of the matrix indicate whether a dimension is associated with a given business process. The design team scans each row to test whether a candidate dimension is well-defined for the business process and also scans each column to see where a dimension should be conformed across multiple business processes. Besides the technical design considerations, the bus matrix is used as input to prioritize DW/BI projects with business management as teams should implement one row of the matrix at a time.
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Ralph Kimball (The Data Warehouse Toolkit: The Definitive Guide to Dimensional Modeling)
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Facts for Measurements Facts are the measurements that result from a business process event and are almost always numeric. A single fact table row has a one-to-one relationship to a measurementevent as described by the fact table's grain. Thus a fact table corresponds to a physical observable event, and not to the demands of a particular report. Within a fact table, only facts consistent with the declared grain are allowed. For example, in a retail sales transaction, the quantity of a product sold and its extended price are good facts, whereas the store manager's salary is disallowed.
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Ralph Kimball (The Data Warehouse Toolkit: The Definitive Guide to Dimensional Modeling)
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Typically, the most valuable knowledge workers are the ones who thrive in the straitjacketed world of corporate process, by building deep expertise in a narrow set of skills. (“Morty? He’s our spreadsheet guy. Vicki? She’s our warehouse go-to. Pete? He runs the basketball pool.”) They don’t seek mobility; organizational status quo is where they excel. Great companies such as IBM, General Electric, General Motors, and Johnson & Johnson offer management tracks for people with the greatest potential, whereby these stars rotate in and out of different roles every two years or so. But this approach emphasizes the development of management skills, not technical ones. As a result, most knowledge workers in traditional environments develop deep technical expertise but little breadth, or broad
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Eric Schmidt (How Google Works)
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Consider James D. Sinegal, co-founder and CEO of Costco, a warehouse retailer. His salary in 2003 was $350,000, which is just about ten times what is earned by his top hourly employees and roughly double that of a typical Costco store manager. Costco also pays 92.5% of employee health-care costs. Sinegal could take a lot more goodies for himself, but has refused a bonus in profitable years because “we didn’t meet the standards that we had set for ourselves,” and he has sold only a modest percentage of his stock over the years. Even Costco’s compensation committee acknowledges that he is underpaid. Sinegal believes that by taking care of his people and staying close to them, they will provide better customer service, Costco will be more profitable, and everyone (including shareholders like himself) will win. Sinegal takes other steps to reduce the “power distance” between himself and other employees. He visits hundreds of Costco stores a year, constantly mixing with the employees as they work and asking questions about how he can make things better for them and Costco customers. Despite continuing skepticism from analysts about wasting money on labor costs, Costco’s earnings, profits, and stock price continue to rise. Treating employees fairly also helps the bottom line in other ways, as Costco’s “shrinkage rate” (theft by employees and customers) is only two-tenths of 1%; other retail chains suffer ten to fifteen times the amount. Sinegal just sees all this as good business because, when you are a CEO, “everybody is watching you every minute anyway. If they think the message you’re sending is phony, they are going to say, ‘Who does he think he is?
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Robert I. Sutton (The No Asshole Rule: Building a Civilized Workplace and Surviving One That Isn't)
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This might not sound very exciting (inventory management is not something that tends to rivet readers), but think of it this way: Imagine walking back into the warehouse and instead of seeing boxes of cereal and crates of apples, you see stacks and stacks of dollar bills—hundreds of thousands and millions of freshly minted, crisp and crinkly dollar bills just sitting there on pallets, piled high to the ceiling. That’s exactly how you should think of inventory. Every single case of canned carrots is not just a case of canned carrots, it’s cash.
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Jim Collins (Good to Great: Why Some Companies Make the Leap...And Others Don't)
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And then there are one's friends, good fellows, good fellows, great to be with them and talk, to have lunch together, dinner together, but all of it, I don't know, so sordid and pathetic and trivial, because even on the street we remain in the fabric warehouse, even overseas we're still seated before the Cashbook, and even in infinity we still have our boss.
Everyone has an office manager with a joke that's out of place, and everyone has a soul that falls outside the normal universe.
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Fernando Pessoa (The Book of Disquiet)
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Learn why a Warehouse Management System (WMS) is essential for small businesses to boost efficiency and manage inventory effectively.
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nikhil ravi
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A data warehouse is an organized store of data from all over the organization, specially designed to help make management decisions. Data can be extracted from operational database to answer a particular set of queries. This data, combined with other data, can be rolled up to a consistent granularity and uploaded to a separate data store called the data warehouse. Therefore, the data warehouse is a simpler version of the operational data base, with the purpose of addressing reporting and decision-making needs only.
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Anil Maheshwari (Data Analytics Made Accessible)
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Eurosonix Freight Management Ltd are a UK logistics company that offer same day courier service, parcel and pallet courier / delivery service, international delivery, freight forwarder, European express freight, parcel international comparison quotes, international freight shipping, warehouse logistics and much more. Even signup to our free parcel delivery price comparison portal so that you can get the best prices and deals today and tomorrow.
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Eurosonix Freight Management Ltd
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As we stood in a corner of the warehouse unpacking and re-packing boxes at top speed in a postmodernised pastiche of actual production, I put on a tone of mock motivational vigor and exhorted my fellow temp to "think of the managing director's Mercedes parked outside and remember the real reason why we're doing this".
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Ivor Southwood (Non Stop Inertia)
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I often arrived at the warehouse in the mornings with a mixture of relief that I still had a job and disappointment that the place had not been somehow swept away during the night, or hoping that the managers, knowing that their time was up, had deserted their posts like guards leaving a camp, so at last we could roam the aisles and offices freely without fear of reprimand until an executive somewhere remembered to phone a temp and order her to press a button and delete us all.
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Ivor Southwood (Non Stop Inertia)
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Step by Step…
Can you write out your ideal business step by step
Here is a business I am setting up for a client.
She wants to shipping start her own shipping company…
One she will need a US partner to collect and transfer packages to her in Jamaica.
She will also need one in China.
I have two contacts.
One has a warehouse in Florida
The other has two in China.
Chinese connect makes goods available within 3 weeks, she has to tell her customers four.
The US connect makes it within 3-5 days. She has to tell them within a week…
Next she will need a website where her customers can login and track their packages.
This will come with individual dashboards.
She will need an interface and warehouse management software and logistics APIs.
She will also need an automated email set up (journey) to send emails to her customers without her or her agents needing to do that.
Without this Saas she would have to hire someone to reply to messages and emails about , someone to call and track, use usps and FedEx tracking numbers to track and reply back to customers.
She also needs a beta ApI to allow her warehouse guy to update the CRM with information about her customers packages…
Key nodes such as - Intransit to destinations
Held at customs
Clearance
In transit to store
Pick up available etc…
These will come in as email notifications
Fully automated.
Everything will be connected using Webhooks… entire system.
Saas she might need to use a combination of GOhighlevel, Workiz and
To run this as a System as as Service.
Each platform can work together using webhooks.
Gohighlevel as a Saas is $500 a month
Workiz is $200 dollars
She can use Odoo which is open source alternative as a CRM
And Clickup as Management.
This is how a conversational business plan looks.
You can see it.
You can research it.
You can confirm that it’s plausible.
It doesn’t sound like pipedreams.
It sounds workable to credit companies /banks and investors.
It sounds doable to a BDO Client.
I also sound as if I know what I am doing.
Not a lot of technical language.
A confused prospective business investor or banker don’t want to use a dictionary to figure out everything…
They want to see the vision as clear as day.
You basically need to do to them what I did to you when you joined my programme. It must sound plausible.
All businesses is a game of wit.
Every deal that is signed benefits both party.
Whether initially or in the long term.
Those are the sub-tenets of business.
Every board meeting or meeting with regulatory boards, banks, credit facilities, municipalities is a game of convincing people to see your thing through…
Everyone does
Algorithm is simple. People want you to solve their problems with speed and efficiency.
Speed is very important and automation.
Progress, business and production are tied to ego… that’s why people love seh oh dem start a business or dem have dem online business and nah sell one rass thing.
Cause a lot of people think being successful and looking successful are one and the same thing until they meet someone like me or people who done the work…
Don’t rush it… you are young and you have time.
There are infact certain little nuances Weh yuh only ago learn through experience. Experience and reflection.
One of the drawbacks of wanting to run your business by yourself with you and your family members is that you guys will have to be reliant on yourself for feedback which is not alw
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Crystal Evans
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Arthur’s ties to the powerful New York State Republican machine won him nomination as candidate for vice president. To near-universal dismay, he had entered the White House when President James A. Garfield died from an assassin’s bullet. A good storyteller and man about town, fond of whiskey, cigars, and expensive clothes, the dapper, sideburned Arthur is perhaps best remembered for saying, “I may be president of the United States, but my private life is nobody’s damned business.” On this trip to Florida, however, his private life fitted very nicely into someone else’s business. The owner of the Belair orange plantation was General Henry Shelton Sanford, the man who had helped Leopold recruit Stanley. Sanford did not bother to leave his home in Belgium to be in Florida for the president’s visit. With the self-assurance of the very rich, he played host in absentia. He made sure that the president and his party were greeted by his personal agent, and that they got the best rooms at the Sanford House hotel, which stood on a lakeshore fringed with palm trees in the town of Sanford. When the president and his guests were not out catching bass, trout, and catfish, or shooting alligators, or exploring the area by steamboat, the Sanford House was where they stayed for the better part of a week. There is no record of who paid the hotel bill, but most likely, as with the rail journey south, it was not the president. Ironically, the huge Sanford orange plantation the Washington visitors admired was proving as disastrous a venture as Sanford’s other investments. Some Swedish contract laborers found the working conditions too harsh and tried to leave as stowaways on a steamboat. A slaughterhouse Sanford invested in had a capacity fifty times larger than what the local market could consume and went bankrupt. A 540-foot wharf with a warehouse at the end of it that he ordered built was washed away by a flood. The manager of one of the hotels in Sanford absconded while owing him money. Foremen failed to put up fences, and wandering cattle nibbled at the orange trees. But if everything Sanford touched as a businessman turned to dust, as an accomplice of Leopold he was a grand success. Sanford was a long-time supporter of President Arthur’s Republican Party. For two years, he had been corresponding with Arthur and other high United States officials about Leopold’s plans for the Congo. Now, after the president’s trip to Florida, confident that Arthur would pay attention, he pressed his case with more letters. Seven months later, Leopold sent Sanford across the Atlantic to make use of his convenient connection to the White House. The man who had once been American minister to Belgium was now the Belgian king’s personal envoy to Washington. Sanford carried with him to Washington a special code for telegraphing news to Brussels: Constance meant “negotiations proceeding satisfactorily; success expected”; Achille referred to Stanley, Eugénie to France, Alice to the United States, Joseph to “sovereign rights,” and Émile to the key target, the president.
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Adam Hochschild (King Leopold's Ghost)
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As corporations have amassed more market power, they’ve made every effort to keep wages low and productivity high. Increasingly, workers are providing far more value to their companies than their pay reflects, and employers are constantly finding new avenues to squeeze their labor force. Algorithms have proven to be more exacting bosses than people. Those algorithms powering just-in-time scheduling have allowed bosses to fine-tune staffing levels to demand, leading to unpredictable hours that cause paychecks to grow and shrink from week to week. Companies have deployed programs that record workers’ keystrokes and mouse clicks and capture screenshots at random intervals and have even made use of devices that sense heat and motion. Warehouse workers, cashiers, delivery drivers, fast food managers, copy editors, and millions of other kinds of workers—even therapists and hospice chaplains—are now monitored by software with names like Time Doctor and WorkSmart. Most large private firms track worker productivity, sometimes docking pay for “idle time,” including when employees use the bathroom or consult with clients. Such technological advances have increased workers’ efficiency and their precarity: You produce more profit but enjoy less of it, which is the textbook definition of exploitation.
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Matthew Desmond (Poverty, by America)
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A major portion of the cost of defense against foreign aggression in a laissez-faire society would be borne originally by business and industry, as owners of industrial plants obviously have a much greater investment to defend than do owners of little houses in suburbia. If there were any real threat of aggression by a foreign power, businessmen would all be strongly motivated to buy insurance against that aggression, for the same reason that they buy fire insurance, even though they could save money in the short run by not doing so. An interesting result of this fact is that the cost of defense would ultimately tend to be spread among the whole population, since defense costs, along with overhead and other such costs, would have to be included in the prices paid for goods by consumers. So, the concern that “free riders” might get along without paying for their own defense by parasitically depending on the defenses paid for by their neighbors is groundless. It is based on a misconception of how the free-market system would operate. The role of business and industry as major consumers of foreign-aggression insurance would operate to unify the free area in the face of any aggression. An auto plant in Michigan, for example, might well have a vital source of raw materials in Montana, a parts plant in Ontario, a branch plant in California, warehouses in Texas, and outlets all over North America. Every one of these facilities is important to some degree to the management of that Michigan factory, so it will want to have them defended, each to the extent of its importance. Add to this the concern of the owners and managers of these facilities for their own businesses and for all the other businesses on which they, in turn, depend, and a vast, multiple network of interlocking defense systems emerges. The involvement of the insurance companies, with their diversified financial holdings and their far-flung markets would immeasurably strengthen this defensive network. Such a multiple network of interlocking defense systems is a far cry from the common but erroneous picture of small cities, businesses, and individuals, unprotected by a government, falling one by one before an advancing enemy horde.
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Morris Tannehill (Market for Liberty)
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much of Europe did without money until the eighteenth century. But the Inka did not even have markets. Economists would predict that this nonmarket economy—vertical socialism, it has been called—should produce gross inefficiencies. These surely occurred, but the errors were of surplus, not want. The Spanish invaders were stunned to find warehouses overflowing with untouched cloth and supplies. But to the Inka the brimming coffers signified prestige and plenty; it was all part of the plan. Most important, Tawantinsuyu “managed to eradicate hunger,” the Peruvian novelist Mario Vargas Llosa noted. Though no fan of the Inka, he conceded that “only a very small number of empires throughout the whole world have succeeded in achieving this feat.
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Charles C. Mann (1491: New Revelations of the Americas Before Columbus)
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• Lodging REITs (e.g., Hospitality Properties Trust [HPT]), which hold properties such as hotels, resorts, and travel centers. • Self-storage REITs (e.g., Public Storage [PSA]), which specialize in both owning self-storage facilities and renting storage spaces to customers. • Office REITs (e.g., Boston Properties [BXP]), which own, operate, and lease space in office buildings. • Industrial REITs (e.g., PS Business Parks [PSB]), which own and manage properties such as warehouses and distribution centers. • Data center REITs (e.g., Equinix [EQIX]), which own data centers, properties that store and operate data servers and other computer networking equipment. • Timberland REITs (e.g., Rayonier [RYN]), which hold forests and other types of real estate dedicated to harvesting timber. • Specialty REITs, which narrow in on very specific properties such as casinos, cell phone towers, or educational facilities.
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Michele Cagan (Real Estate Investing 101: From Finding Properties and Securing Mortgage Terms to REITs and Flipping Houses, an Essential Primer on How to Make Money with Real Estate (Adams 101 Series))
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So our CORE PROPOSITION was: ‘This was an opportunity to acquire currently cutthroat competing businesses at distressed values where an immediate uplift in value would be derived from (a) the reduction in competition and (b) the synergies from joint purchasing, IT warehousing, and management.’ Seven warehouses would be reduced to three, two merchandising teams to one and two finance teams to one.
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Bill Ferris (Inside Private Equity: Thrills, spills and lessons by the author of Nothing Ventured, Nothing Gained)
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The first clue to any librarian that they are in charge of a warehouse is that they have no control over the heating and air conditioning despite the complaints of those in the large depository.
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Lloyd Wedes
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Like the quarter, you are always acting in a role. The roles you play aren’t your fixed and unchanging identity. Rather, you are acting a particular way based on the rules of the situation you are in. Like the chess pieces, your role is relative to what surrounds you. In some situations, you may play the role of a parent. In other situations, you may be a student, or a firefighter, or a friend, or, if you’re playing with my six-year-old, you may be a trampoline to jump on. A friend of mine, Blaine, works as a manager of an industrial hose warehouse. Blaine told his friend Brad that he was just a “hoser,” which disturbed Brad, who thought it belittled Blaine. Perhaps it would be better for Blaine to identify himself as a manager? Although it’s common for us to overattach ourselves and to identify with the jobs we have, in reality, we are just acting in roles, whether that be a writer, a manager, a police officer, a lawyer, or a teacher. These roles quickly change as we change our context.
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Benjamin P. Hardy (Willpower Doesn't Work: Discover the Hidden Keys to Success)
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I figured that it wouldn’t take me all that long to walk the steep incline from the docks, past the warehouses, up to Congress Street and then down to State Street. I was on my way, snow or no snow! Bundled up in my gloves, woolen thirteen-button bell-bottomed uniform pants, navy blue shirt and pea coat, with the flaps up, I negotiated the slippery steep incline of High Street. I knew that I was in Maine, known for adverse weather, but this was unreal. It was all I could do to hang onto this precious cargo with my cold fingers in my wet gloves, and put one foot in front of the other. Little by little, I made progress against the elements but, the longer it took to walk the distance, the more I looked like a snowman. Now the white stuff was getting heavier, and started to pile up. It stuck to my uniform, turning the dark blue to white. By the time I got as far as Congress Street, my feet and fingers were totally numb again, and my ears frozen. The box was getting heavier by the moment and I couldn’t even cover my ears with my hands. Finally I just put the box down into the snow, crouched down against a building, and pulled my pea coat over my head. Breathing into it, I managed to generate a little heat. I pressed the flaps of the coat against my ears until I could feel them again. Aside from my frozen feet, I warmed up enough this way to be able to continue. Picking up the box, I got up and once again faced the harsh elements. There was little sign of life, and with this cold wind, I could easily have gotten frostbite. Most people who lived in Maine had better sense than to be out under these arctic conditions. The plows had not cleared the streets yet, and behind me I could see a lone car spinning its wheels, trying in vain to make the steep grade. Once again I had to put down the box. I took off my gloves and tried to warm my hands by blowing onto them, as I did a little dance stomping my feet, but nothing helped anymore; my hands and feet were numb. When I picked the box up again, the bottom was caked with snow, making matters even worse! With only a short distance left I thought about Ann and so I continued trudging on.
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Hank Bracker
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This configuration provides Walmart with three types of benefits. By placing the stores within a day’s drive of the distribution centers, the company spreads the fixed cost of the central warehouses over a large volume of sales, creating economies of scale. Because the stores are relatively close to one another, delivery trucks can supply them quickly, creating economies of density, a special type of scale economy. For every mile that a store is closer to a distribution center, Walmart’s profit increases $3,500 annually.16 With more than 5,000 stores in the United States alone, economies of density contribute noticeably to the company’s bottom line. Because the stores can be resupplied quickly, they reserve little space for inventory; virtually every inch is dedicated to selling products.17 Walmart’s third advantage highlights the link between market size and fixed costs. In a small market, fixed cost cannot be spread over a large volume of business. As a result, Walmart, the company with the largest share, has a distinct cost advantage. Even if a second firm decided to compete, was able to match Walmart’s infrastructure, and managed to gain significant share, both companies, each saddled with significant fixed cost, would suffer reduced profitability. Anticipating this outcome, potential entrants are reluctant to enter in the first place. In many of the smaller markets, Walmart faced little competition for precisely this reason. Where it was alone, the company raised prices by as much as 6 percent.18
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Felix Oberholzer-Gee (Better, Simpler Strategy: A Value-Based Guide to Exceptional Performance)
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