Tuesday, January 27, 2009

Blind Faith and Leverage: The New Hope


What will stop the relentless downward spiral of job loss, spending reductions, and more job loss? How will the recovery start?

If a recent meeting at a Starbucks is any indication, it will begin the same way it began: through blind faith and leverage.

The “meeting” was a loud brainstorming session among three would-be Anthony Robbins-type motivational coaches, hatching a plan for some kind of personal-leadership seminar, for which they had plenty of great, great, great ideas—to use the most operative adjective of the planning session—but, as the junior member of the triumvirate timidly pointed out, no capital to implement.

“Ah, not a problem,” the ringleader said, in the same, fast, every-downside-has-an-upside way he had been loudly but unintentionally sharing his plans with everyone within ten feet of the group: “We’ll use credit cards.”

He then explained how you could borrow all the money to market the event on “one of those no-interest-for eighteen months” credit cards, and afterwards pay it all off with the proceeds of the seminar.

Blind faith and leverage: the New Hope!


Jeff Matthews
I Am Not Making This Up


© 2008 NotMakingThisUp, LLC

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5 comments:

Lyon Jewett said...

I like the cut of his jib....

Mark said...

...a recent meeting at a Starbucks... was a loud brainstorming session among three would-be Anthony Robbins-type motivational coaches...

Forget hiring one of those guys-- just SITTING in a Starbucks should be motivation enough...

If that guy (Schultz) was able to build a multibillion-dollar business by charging $3.75 for something widely available at $1.25, well, this truly is the land of opportunity!

Anonymous said...

I wasn't aware that Greenspan was going into the seminar business...

RichL said...

To paraphrase The Who-

Meet the new Hope,
Same as the old Hope...

Anonymous said...

I don't get it Mark - which coffee that costs $3.75 at Starbucks is widely available at $1.25?