Originally Posted by POWERPLAY J
(Post 3112549)
He is NOT working out of the Sunsation factory. And from what I know anything from his daughter is questionable at best. Have someone stop in and check. I just saw him a few weeks ago still peddling and selling... didn't remember me from last yr when I told him his chit was overpriced and marginal:evilb:
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Not defending Mike or his company but I would think the turmoil in the boat business has affected the operations at McCleod. Lack of demand and the fact subcontractors are less likely to take orders on credit or orders that are not paid in full prior to processing (completely the opposite of what standard practices were only a couple years ago) has probably disrupted day to day operations.
Think about his business model from 2005, 500-700 pairs of bolsters could be ordered from boat manufacturers, materials could be ordered on credit and he would only have to pay the labor (his employees) and overhead. Boat companies pay him and he pays off the suppliers then keeps the profit for himself. Now, MAYBE 50 pairs of bolsters, materials must be paid for C.O.D., overhead is the same as 2005, employee payroll is down. Now is operating at a loss if the overhead stayed the same from the high of 2005......and their is no light at the end of the tunnel! |
Originally Posted by Jupiter Sunsation
(Post 3112842)
Not defending Mike or his company but I would think the turmoil in the boat business has affected the operations at McCleod. Lack of demand and the fact subcontractors are less likely to take orders on credit or orders that are not paid in full prior to processing (completely the opposite of what standard practices were only a couple years ago) has probably disrupted day to day operations.
Think about his business model from 2005, 500-700 pairs of bolsters could be ordered from boat manufacturers, materials could be ordered on credit and he would only have to pay the labor (his employees) and overhead. Boat companies pay him and he pays off the suppliers then keeps the profit for himself. Now, MAYBE 50 pairs of bolsters, materials must be paid for C.O.D., overhead is the same as 2005, employee payroll is down. Now is operating at a loss if the overhead stayed the same from the high of 2005......and their is no light at the end of the tunnel! |
Originally Posted by Jupiter Sunsation
(Post 3112842)
Not defending Mike or his company but I would think the turmoil in the boat business has affected the operations at McCleod. Lack of demand and the fact subcontractors are less likely to take orders on credit or orders that are not paid in full prior to processing (completely the opposite of what standard practices were only a couple years ago) has probably disrupted day to day operations.
Think about his business model from 2005, 500-700 pairs of bolsters could be ordered from boat manufacturers, materials could be ordered on credit and he would only have to pay the labor (his employees) and overhead. Boat companies pay him and he pays off the suppliers then keeps the profit for himself. Now, MAYBE 50 pairs of bolsters, materials must be paid for C.O.D., overhead is the same as 2005, employee payroll is down. Now is operating at a loss if the overhead stayed the same from the high of 2005......and their is no light at the end of the tunnel! It's unlikely there was any intention of screwing customers, but desperate people do desperate things. When I see someone doing these types of things it suggest to me that they are in deeper than the rest of us realize. |
Originally Posted by POWERPLAY J
(Post 3112549)
He is NOT working out of the Sunsation factory. And from what I know anything from his daughter is questionable at best. Have someone stop in and check. I just saw him a few weeks ago still peddling and selling... didn't remember me from last yr when I told him his chit was overpriced and marginal:evilb:
thats when I got a price for 2 front bolsters for my Powerquest,$6.800.00 Plus the cost of the frames:eek: |
Originally Posted by Jupiter Sunsation
(Post 3112842)
Not defending Mike or his company but I would think the turmoil in the boat business has affected the operations at McCleod. Lack of demand and the fact subcontractors are less likely to take orders on credit or orders that are not paid in full prior to processing (completely the opposite of what standard practices were only a couple years ago) has probably disrupted day to day operations.
Think about his business model from 2005, 500-700 pairs of bolsters could be ordered from boat manufacturers, materials could be ordered on credit and he would only have to pay the labor (his employees) and overhead. Boat companies pay him and he pays off the suppliers then keeps the profit for himself. Now, MAYBE 50 pairs of bolsters, materials must be paid for C.O.D., overhead is the same as 2005, employee payroll is down. Now is operating at a loss if the overhead stayed the same from the high of 2005......and their is no light at the end of the tunnel! |
T500s/Indy
I totally understand how he can fix the customer service issues by simply picking up the phone. In my example I suspect he is the captain of the Titanic right now and he is re-arranging the deck chairs despite the ship taking on water! :eek: Knot I suspect he may have an "artist" complex being the all knowing designer..... Tough spot to put yourself in for sure. I hope he didn't let go too many key employees that remember how to sew and return phone calls. It could have spawned some new aggressive competition with in-house experience! |
Originally Posted by Jupiter Sunsation
(Post 3112902)
T500s/Indy
I totally understand how he can fix the customer service issues by simply picking up the phone. In my example I suspect he is the captain of the Titanic right now and he is re-arranging the deck chairs despite the ship taking on water! :eek: Knot I suspect he may have an "artist" complex being the all knowing designer..... Tough spot to put yourself in for sure. I hope he didn't let go too many key employees that remember how to sew and return phone calls. It could have spawned some new aggressive competition with in-house experience! We seem to have the same opinion....and I like that Titanic reference, sounds appropriate. |
Word on the street is that next week may come to quick for this "BOAT" to stay afloat and employees are owed a lot of money. Mike needs to go back to the old days when I (only employee) worked for him doing interiors in a small rented garage back in 1977.
Mike does has a lot of talent ..........but his people and business skills are way off base. |
Originally Posted by brian41
(Post 3113110)
Word on the street is that next week may come to quick for this "BOAT" to stay afloat and employees are owed a lot of money. Mike needs to go back to the old days when I (only employee) worked for him doing interiors in a small rented garage back in 1977.
Mike does has a lot of talent ..........but his people and business skills are way off base. |
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