Share |

Content about businessman

November 22, 2011

PEMBROKE, Mass. — Raises are not exactly a hot topic these days, particularly in the dry cleaning industry. But here is a story of something that happened to a young person I know, and it’s worth reading.

This person—we’ll call her Liz—had been working at a dry cleaner for a year when she asked for a raise. She wasn’t the usual type of worker. She was a college graduate who had taken a lowly job at a two-plant, four-store chain in the hopes that she would move up the ladder. The owner, a sharp businessman, realized her worth and didn’t want to lose her. He sensed that she could grow to become one of his top managers. On the other hand, business was down. There were no raises.

The owner called Liz into his office and closed the door. “Liz, these are hard times. My business is down 10%. I’m hard up against all my costs. Things will improve, but not tomorrow or the next day. On the other hand, you’re a good worker. So I’m giving you a 50-cents-an-hour raise because you’ve asked for one and because you’re been a loyal employee. And, finally, I don’t want to lose you.

November 17, 2010

CHICAGO — Drycleaning is usually a cash business. But if you offer commercial or retail accounts, you’re also in the collections business. By my estimate, about half of all operators do some of this non-cash volume, on account.

On a recent plant visit, I got an earful about problems collecting money in a depressed economy. “My accounts are such pains,” the operator said. “They just don’t pay until you threaten to cut them off.

October 21, 2008

CHICAGO — More than two-thirds (69.7%) of drycleaners responding to this month’s Wire survey are against the more than $700 billion bailout plan Congress passed early this month to stabilize the nation’s financial system and ease the credit crisis. Only 17.2% said they were in favor of the bailout plan, and 13.1% answered “Not sure.”

July 18, 2007

CHICAGO, Ill. — Seven out of 10 (70.4%) drycleaners don’t think that the bans against smoking indoors passing throughout the country will have any effect on the industry by eliminating an unpleasant odor that consumers want their drycleaners to remove, the most recent Wire survey says. Speaking as consumers, the same majority (70.4%) is in favor of such bans.