Not that anyone ever asks, but one of the things as a business owner I realize is the biggest way to hurt your business is to pay people when they aren’t working. It is extremely difficult to give retirement pay. I completely agree with matching retirement and IRA payroll deductions. Or putting bonuses into their plan. Giving money to be set aside to help save for the years ahead. I also think a pay rate should be such that people can set aside 10-20% and still live. I just don’t know how anyone can afford to give a full pension for what could be 40 years. Often longer than they actually worked. At this point, the only people that offer that are public jobs and we all know that the government has zero fiscal management.
Giving pensions has handcuffed many older American companies to the point they can’t compete with new companies. One of the reason TESLA is eating everyone’s lunch is they don’t have billions of overhead going to pay people that haven’t worked for the company for 20 years. They can pay people that are working there NOW more than the other companies can offer as a result. I have no doubt Ford would be twice the company they are now without all that liability. But those were different times. They had little competition, everyone got pensions, and every company was printing money so there was no reason to think they wouldn’t clear enough to pay everyone. Until they couldn’t. Until overseas companies started dropping products in the US at 20% of the cost of what US companies could. The US simply couldn’t compete and every day got worse as more people retire and everyone is now living to 90. Ten years longer than the average when the pension plan started.
The point of all this brings us back to the present economy. The baby boomer generation is flush. They have homes that are paid off. They have retirement benefits. The stock market has been great during their lifetime. They have more money saved than at any point in time. You want to cater to that demographic. That is where the money is. The companies that are paying them are worth watching as well. That generation is also dying and each loss is one person off the payroll. As morbid as that is there are companies out there that ended pensions and in 15 years will have hundreds of millions more in cash flow as a result. Also, look for newer companies that are competing against old school companies. You want to be there, even if multiples are higher because they are more nimble and their debt is against current assets.
Just things on top of my mind. Its definitely not financial advice and may not even be good info. Just random thoughts that I share here every day .
Domain of the Day:
Quote of the Day:
Click on any of the links to see current price
Namejet, Sedo, and Catched.com Names at Auction
MindfulSpace.com Ends today. Has 10 bidders. Good meditation or self improvement name
Zeglo.com No bidders at $79. Not bad for a pronounceable 5L.com
Skaxx.com One more. This one is cooler looking
GCMotors.com 9 companies on other extensions but I think LLMotors names are good buys because so many auto dealers shares those names
EuroShipping.com Shipping to there or from there
EnergyCooperative.com Lots of energy coops now. Its the long version but it still gets it done
PublicSpeakers.org I almost rather have this than the dot com
EcoTrading.org I really don’t know what eco trading is but eco and dot org are best friends
RestauranteNautilus.es HUGE parking rev. That’s driving this big price . Closes today
Pose.me Gets a little parking revenue. Pose works with dot me….I guess
Me.trading Didn’t know trading exist but I would 100% use a site with this name
Godaddy Domains With Bids
Wanpai.com Most bids on the GD board today. An area in China. Wan also means to play so this means “play cards” or similar
DMSD.com Good to know that DSAD as a domain is worth over a thousand dollars
BanyanTrees.com I love them. Not sure if this could be a brand or only used to sell them
AppDownloads.com Godaddy says its worth $6K but bidders say 10% of that
ExpertHome.com I think people are feeling like this exudes a smart home feel. Maybe
TestWebsite.com Until I started working with Travis to build websites I didn’t realize all the tools they use to test it before launch
DiscountCity.com Can’t believe this isn’t a big brand already
BitAsset.com Bit alone is going to bring in a lot of bids
BetterFlex.com NFTs have proven people will spend a ton of cash on a flex
5519.com This is a middle to higher value 4N.com. We’re going to learn something about wholesale value here
Udentify.com Perfect name for proving identity of some kind. Its hot in crypto right now
TideStore.com Sell University of Alabama stuff
BritePool.com Going to have the “bright” problem
OHand.com I don’t know what its good for but I like the word Hand. Exudes help
EasyPrivacy.com I better be able to just click a button
DigestiveHealthDoctors.com Super important to me. I’m all about gut health
IronTrail.org Sounds safe and secure
Kateryna.com Not the normal spelling but at 17 extensions taken there are enough to get it sold IMO
SimplyRawHoney.com Brand in a box. Or buy it and link it to your honey site. Oh wait
BusinessElite.com everyone loves to be called elite
HappyWaves.com Exudes fun
CharlotteProperties.com If you’re selling in Charlotte you should want this
One or No Bids
The Rest of the Godaddy Names with Bids
2033.net
3RiversGolfCourse.com
5yp.com
83393.com
AccentDental.com
AfricaHub.com
alemarah-english.com
Ares-rc.com
ArizonacityChamber.com
balgownieestatebendigo.com
BeneFiscal.com
BestRealMoneyGames.com
Boyik.com
BuildQuality.com
BurstMarketing.net
ByTheBayTC.com
CantonMiroOfIng.com
CareYouCanTrust.com
chefbosacramento.com
ChicagoWeed.com
Chunk.net
civiqsmartscapes.com
CloudFireHosting.com
ClubMerch.com
DaisyThemes.com
DataCorporation.com
DataSanitization.com
DigestiveCareOnline.com
donnenelpallone.com
dssmith-packaging.com
DTCom.com
DTeen.com
eleialfirin.com
FoodBeam.com
ForkliftExperts.com
GigabitEthernet.com
GrillRepairGuys.com
GuideInvestments.com
HaitiSurf.co
HDVIP.com
Healthlinkny.com
HotEscortsJaipur.org
HowToTalkAboutArtHistory.com
IceAgeArtifacts.com
icra2015.org
Inega.com
InvestWire.com
JessieTaylorSeafood.com
JustBeCool.com
Kazui.com
kombiclub.com
LadyJaneGrey.org
Lampeter-Review.com
LillyAsianSpa.com
ListMyLand.com
Lumasoft.com
MandarinBistro.com
MapItOut-Tuscany.com
mcuperin.com
MedicinehatGolf.com
MenaceBrewing.com
Musiconworldoffmx.com
MyAbortionMyLife.org
NeurotherapeuticsCourse.org
NortheastFootball.com
NowVerse.com
PMOCure.org
Poemasyrelatos.net
PrintGift.com
PrivateStudent.com
RoverDepot.com
RVWholesaler.com
SableelyseSmith.com
SodaMail.com
StevieNicksfilm.com
TalentCentric.com
TEDXEast.com
TheEyeShaveIt.com
TheFryBreadHouseAZ.com
TheLocalGuide.com
TheNativeSociety.com
ThePatchMaster.com
theslipnfly.com
TheSpotExperience.com
TooFunnyStory.com
TowerLofts.com
TrollingMotorBatteryGuides.com
TrustLives.com
TurkeyCom.com
UC22.com
WebEpoch.com
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