Re: Bad News for UK PBM players

From: gl8f@fermi.clas.Virginia.EDU (Greg Lindahl)

Date: Fri, 26 Jan 1996 00:00:00 +0000

In article <252462548wnr@phildee.demon.co.uk>,
phil shulkind  <phil@phildee.demon.co.uk> wrote:

>I find that extremely insulting, seeing as we've been a full-time PBM
>business since 1990 and have a reputation for being one of the top
>firms around, certainly one of the most, probably *the* most
>reliable.

You can be very reliable and have good games and good customer service
and still be undercapitalized. Your own words say that you would have
problems with a few week postal stoppage. Any business consultant will
tell you that that's a bad idea. All the good intentions on your part
still doesn't make undercapitalization a good idea.

> How many other full time PBM firms are there in this world,
> with 100% income from PBM?

Who cares? I want companies which give good games and good service and
can survive postal stopages. I don't care if they are full-time firms
or have 100% income from PBM.

>If a postal strike lasted for three weeks we'd lose almost two
>thousand pounds income. Money doesn't grow on trees, it's difficult
>to build up cash reserves running PBM games for a living. You should
>try it some time before passing judgement on other people!

That's no excuse for being undercapitalized. As an individual, I keep
a reserve of a few month's income, in case I get laid off. This is
unusual in an individual, but usual for a business.

-- greg
(who used to work as a financial planner for individuals and small
businesses, and now works as a unix admin for a large financial firm)

References

Bad News for UK PBM players
kebl0110@sable.ox.ac.uk (Chris Dickson)
Mon, 15 Jan 1996 00:00:00 +0000
Re: Bad News for UK PBM players
Phil Shulkind <chelsea@phildee.demon.co.uk>
Wed, 17 Jan 1996 00:00:00 +0000
Re: Bad News for UK PBM players
gl8f@fermi.clas.Virginia.EDU (Greg Lindahl)
Mon, 22 Jan 1996 00:00:00 +0000
Re: Bad News for UK PBM players
phil shulkind <phil@phildee.demon.co.uk>
Thu, 25 Jan 1996 00:00:00 +0000

Referenced By

Bad News for UK PBM players
kebl0110@sable.ox.ac.uk (Chris Dickson)
Mon, 15 Jan 1996 00:00:00 +0000
Re: Bad News for UK PBM players
Phil Shulkind <chelsea@phildee.demon.co.uk>
Wed, 17 Jan 1996 00:00:00 +0000
Re: Bad News for UK PBM players
gl8f@fermi.clas.Virginia.EDU (Greg Lindahl)
Mon, 22 Jan 1996 00:00:00 +0000
Re: Bad News for UK PBM players
phil shulkind <phil@phildee.demon.co.uk>
Thu, 25 Jan 1996 00:00:00 +0000