Comments on: I Second the Motion for UnSexy http://www.coyoteblog.com/coyote_blog/2007/10/i-second-the-mo.html Dispatches from a Small Business Sun, 21 Mar 2010 21:41:05 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Sweetiepie http://www.coyoteblog.com/coyote_blog/2007/10/i-second-the-mo.html/comment-page-1#comment-7829 Sweetiepie Tue, 03 Jun 2008 05:10:14 +0000 http://coyote-blog.com/wordpress/2007/10/i-second-the-mo.html #comment-7829 <p>Very entertaining piece and thanks for writing this.</p> Very entertaining piece and thanks for writing this.

]]> By: Scott Rafer http://www.coyoteblog.com/coyote_blog/2007/10/i-second-the-mo.html/comment-page-1#comment-7828 Scott Rafer Fri, 01 Feb 2008 05:28:00 +0000 http://coyote-blog.com/wordpress/2007/10/i-second-the-mo.html #comment-7828 <p>This slipped past my ego feed a few months ago but thank you. Ben Graham investing a la Hathaway indeed.</p> <p>My current unsexy biz is beginning to show itself.<br /> http://www.techcrunch.com/2008/01/31/how-much-is-a-facebook-ad-worth-lookery-guarantees-drum-roll-125-cent-cpms/</p> This slipped past my ego feed a few months ago but thank you. Ben Graham investing a la Hathaway indeed.

My current unsexy biz is beginning to show itself.
http://www.techcrunch.com/2008/01/31/how-much-is-a-facebook-ad-worth-lookery-guarantees-drum-roll-125-cent-cpms/

]]> By: Bob R http://www.coyoteblog.com/coyote_blog/2007/10/i-second-the-mo.html/comment-page-1#comment-7827 Bob R Fri, 02 Nov 2007 06:19:16 +0000 http://coyote-blog.com/wordpress/2007/10/i-second-the-mo.html #comment-7827 <p>Does anyone really think that Maria Cantwell <i>ever</i> created real value <strike>in the marketplace</strike> <i>anywhere</i>?</p> <p>There, fixed it for you :-).</p> <p>Living in Washington state, I'm thinking the answer is "no" to both the before and after question. And, yes, I realize it was a rhetorical question -- I just can't help myself.</p> Does anyone really think that Maria Cantwell ever created real value in the marketplace anywhere?

There, fixed it for you :-) .

Living in Washington state, I’m thinking the answer is “no” to both the before and after question. And, yes, I realize it was a rhetorical question — I just can’t help myself.

]]> By: Phil http://www.coyoteblog.com/coyote_blog/2007/10/i-second-the-mo.html/comment-page-1#comment-7826 Phil Tue, 23 Oct 2007 16:04:09 +0000 http://coyote-blog.com/wordpress/2007/10/i-second-the-mo.html #comment-7826 <p>Warren, I can't believe you did not mention the best example of the unsexy business that is almost a guaranteed 6-7 digit salary: funeral home operation. There is always a steady stream of clientele, and people will pay outrageous prices, probably because few people want to think about death.</p> Warren, I can’t believe you did not mention the best example of the unsexy business that is almost a guaranteed 6-7 digit salary: funeral home operation. There is always a steady stream of clientele, and people will pay outrageous prices, probably because few people want to think about death.

]]> By: Scott Wiggins http://www.coyoteblog.com/coyote_blog/2007/10/i-second-the-mo.html/comment-page-1#comment-7825 Scott Wiggins Mon, 22 Oct 2007 22:08:28 +0000 http://coyote-blog.com/wordpress/2007/10/i-second-the-mo.html #comment-7825 <p>Concur with your assessment of sexy vs non-sexy. My own story...I flew for a living as a military pilot. I wanted to have a career in the airlines after flying jets in the Military. It turned out that me and about 20000 other guys wanted to fly for the airlines in the late 1990s. At peak hiring then the major airlines were hiring about 5000 pilots a year. They picked from a pool of about 20000 qualified applicants with thousands more new pilots coming into the market each year. The competition for interviews was so stiff that guys were stepping all over each other to get letters of recommendation, paying for interview coaching, taking a Captain out to dinner, calling old friends that had made it for advice. There was an entire industry that catered to airline hiring with books, seminars, resume services. It was absolutely ridiculous. Unfortunately, most of the lucky pilots hired in this era were furloughed following the industry down-turn after 9-11. Pilots turned out to be a dime a dozen. Now for the non-sexy, I started buying rental property in the early 1990s. Most guys I flew with laughed loudly about my owning rental property. I can't tell you how many time I was told that I was a slumlord or that "yeah, I would buy rental property but I don't want to be called in the middle of the night to fix a broken toilet". Well, my wife and I stuck with it. We made several million over the years and the best part is that I did not have to get another job after flying in the military. I manage my Real Estate portfolio, fly my own plane, drive a new Range Rover, live in a waterfront condo. You get the picture...In summary, I have lived both the sexy and the non-sexy career/business/investment vehicle. Non-sexy is the sleeper in American investments...Much of this was covered in the book, "The Millionaire Next Door".</p> Concur with your assessment of sexy vs non-sexy. My own story…I flew for a living as a military pilot. I wanted to have a career in the airlines after flying jets in the Military. It turned out that me and about 20000 other guys wanted to fly for the airlines in the late 1990s. At peak hiring then the major airlines were hiring about 5000 pilots a year. They picked from a pool of about 20000 qualified applicants with thousands more new pilots coming into the market each year. The competition for interviews was so stiff that guys were stepping all over each other to get letters of recommendation, paying for interview coaching, taking a Captain out to dinner, calling old friends that had made it for advice. There was an entire industry that catered to airline hiring with books, seminars, resume services. It was absolutely ridiculous. Unfortunately, most of the lucky pilots hired in this era were furloughed following the industry down-turn after 9-11. Pilots turned out to be a dime a dozen. Now for the non-sexy, I started buying rental property in the early 1990s. Most guys I flew with laughed loudly about my owning rental property. I can’t tell you how many time I was told that I was a slumlord or that “yeah, I would buy rental property but I don’t want to be called in the middle of the night to fix a broken toilet”. Well, my wife and I stuck with it. We made several million over the years and the best part is that I did not have to get another job after flying in the military. I manage my Real Estate portfolio, fly my own plane, drive a new Range Rover, live in a waterfront condo. You get the picture…In summary, I have lived both the sexy and the non-sexy career/business/investment vehicle. Non-sexy is the sleeper in American investments…Much of this was covered in the book, “The Millionaire Next Door”.

]]> By: John Dewey http://www.coyoteblog.com/coyote_blog/2007/10/i-second-the-mo.html/comment-page-1#comment-7824 John Dewey Mon, 22 Oct 2007 16:36:01 +0000 http://coyote-blog.com/wordpress/2007/10/i-second-the-mo.html #comment-7824 <p>William Danko and Thomas Stanley make that very point in The Millionaire Next Door. Millionaires in the U.S., who in 1996 represented the top 3% or 4% of wealth holders, were likely to be owners of such dull enterprises as dry cleaners, rice farms, paving contractors, exterminators, or mobile home parks. Not only do such businesses generate high revenues, but they also tend to attract the non-flashy but frugal owner/managers. </p> William Danko and Thomas Stanley make that very point in The Millionaire Next Door. Millionaires in the U.S., who in 1996 represented the top 3% or 4% of wealth holders, were likely to be owners of such dull enterprises as dry cleaners, rice farms, paving contractors, exterminators, or mobile home parks. Not only do such businesses generate high revenues, but they also tend to attract the non-flashy but frugal owner/managers.

]]> By: Andrew http://www.coyoteblog.com/coyote_blog/2007/10/i-second-the-mo.html/comment-page-1#comment-7823 Andrew Mon, 22 Oct 2007 16:02:56 +0000 http://coyote-blog.com/wordpress/2007/10/i-second-the-mo.html #comment-7823 <p>Sounds like Berkshire Hathaway</p> <p>$110 billion of Dairy Queen, Coke, insurance, and other boring things.</p> Sounds like Berkshire Hathaway

$110 billion of Dairy Queen, Coke, insurance, and other boring things.

]]> By: Thomas http://www.coyoteblog.com/coyote_blog/2007/10/i-second-the-mo.html/comment-page-1#comment-7822 Thomas Sun, 21 Oct 2007 17:35:39 +0000 http://coyote-blog.com/wordpress/2007/10/i-second-the-mo.html #comment-7822 <p>Considering the brewing industry is growing at 10% a year right now I would disagree that there is any sort of glut in that industry, but I'll agree your larger point. </p> <p>If you look back to the brewing industry in the mid-90s at that point the situation fit the model you provide with more people getting into the industry who didn't have right approach and the bankruptcy served them right. The market wasn't quite ready for that many of breweries then, now people's taste are becoming more used to diversity in beer. But the customer base does have a long way to go I'll admit.</p> Considering the brewing industry is growing at 10% a year right now I would disagree that there is any sort of glut in that industry, but I’ll agree your larger point.

If you look back to the brewing industry in the mid-90s at that point the situation fit the model you provide with more people getting into the industry who didn’t have right approach and the bankruptcy served them right. The market wasn’t quite ready for that many of breweries then, now people’s taste are becoming more used to diversity in beer. But the customer base does have a long way to go I’ll admit.

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