Wednesday, November 10, 2010

Know when to fold and when to implement

My Father-in-law, Charlie came to United States with his family while he was only 13. After the treatment passes on the island, Ellis, which ended in mckeesport, Pennsylvania, PA to the Hungarian community here.

Karel should entrepreneurship in young age and began supplying water to steel workshop staff.According to the family stories, like most entrepreneurs, commercial enterprises Charlie are often, but he always goes other types and synonym stories go, some of his most memorable business included the property and operation of "Flora Dora" - hotel, restaurant and bar in PA; possession of Boucher shopping in island (Michigan), and finally became the Inspector of the quality of the Ford Motor Company.

Karel was not just in the heart of the company, but it was also very flexible and creative individuals, for example, if the task calls dedicated to Ford, he asked what they need (customer orientation) .the reaction was "inspectors quality." Without an index on which meant to yourself what role can cause, Charlie, believes that it is an expert in the quality control and from this point of view, 17 years later, religion.

The best story addresses are "pre-Flora Dora" days."do not talk about luck, Charlie began preparing their own beer and the placing on the market for their customers to the" speakeasy "we're going in the PA during the era of"prohibition". After all, it was decided to focus on the needs of its customers, and it occurred to the ban, then why not they need a beer." Probably the best beer brewed, during this period, and the word spread quickly. In fact, the spread of EA in New York, who received an invitation to meet Dutch Schultz Karel, recognized worldwide underground personality, which is so great, the illegal distribution of spirits and beer on the extent of other companies.

Recognizing the opportunity for growth, Karel go to negotiate with the Netherlands in New York.Unfortunately, it is a dream which works to lui.Après successful negotiations in English in the morning, he heard on the radio, Charlie, the Dutch had been rapidly within a few hours after its meeting immediately recognized.Charlie, missed opportunities and has decided to stay in town to try to conduct transactions with the new "work." family "says he is not a place to walk off the coast of solutions rechange.Il hightailed at the train station and links to other trains, that someone came, they seek for it."

"In addition to its other attributes was Karel is so intelligent, recognize risks in this situation, the potential rewards are a rapid assessment of compensation was that the situation was"no win"with him, and it was time to go - or in this case - to the way in which the"menu"."In his mind, Karel had clearly defined, the bottom line and the confidence and clarity, disappear!

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