Entries by jeff

Minding Your Own Business; How’s Your Shop Doing?

Last month in this space I suggested a simple system for tracking your financial results with the goals of having better control and being able to react to surprises. If you use it for, say, six months, you are going to have some good information that will have helped you manage your shop. The next step, which […]

SIA 1996; It’s Just Business

Business. It was all business.   Well, maybe not quite all. The ladies and gentlemen at Mervin Manufacturing were dressed in all white outfits (they claimed not to be angels) and Mike Olsen was shooting money out of a cannon at irregular intervals.   But the snowboard side of this year’s SIA show in Las Vegas showed that […]

Big Air; Initial Public Offerings in the US

Open on the table next to me I have the preliminary and actual prospectus for, respectively, Morrow and Ride Snowboards initial public offerings. As of December 13th, 1995, my broker assures me, Morrow is not public yet.  Ride’s prospectus is dated May 6, 1994 and those of you who bought their stock at the time of […]

Foreign Exchange Management; What’s All This Brouhaha?

Actually, there’s nothing to it. The differential in rates of inflation between the economies of two countries equals the percentage change in the exchange rate over the same period. This is known as the Purchasing Power Parity theorem. There. That should be clear. Of course, government intervention in the markets can also affect exchange rates and everybody knows that […]

Show Trends and the Business of Snowboarding; “It’s Deja Vu All Over Again!”

In 1903, 57 companies were started to make cars. 32 left the business. I recently heard it on National Public Radio, so it must be true. Snowboarding, of course, is going to be different. In your dreams.   They say that when you die, your finger nails and hair keep growing for about three weeks. In Las Vegas I […]