By Business is a good thing. It is the single most important topic for people of all ages. We are taught from birth to have a business. We are taught to get a job. We are taught to be a good person. It is taught in schools, in the workplace, in the media, and in the courts.
We are also taught in school that business is a dirty word. It is a very dirty word. It is a word that has been used as a weapon of economic warfare since the dawn of time. It is a word that has been used to steal wealth, to make people spend money they don’t have, and to make those who are unable to do those things, or aren’t wealthy enough, feel inferior. It is a word that we associate with fraud, corruption, and exploitation.
Business is a very dirty word. And, like corruption, it has been used to make others feel inadequate, inadequate, inadequate.
At times it has been used to justify unfair or unjustifiable behavior. For example, in the late 1990s a company named J.P. Morgan Chase began using business as a form of legal extortion to get its employees to sign up for a 401(k) retirement plan. The only problem was that the company was using business as a form of extortion on its employees. And yes, that was legal.
Now, I’m not going to debate the ethics of this kind of behavior. Because I’m a lawyer. But I believe it’s time to take a deeper look at the business practices of companies, particularly those who make our products. With that said, I’m not going to argue that J.P. Morgan started using business as a form of extortion.
Actually, that’s not the only thing that came to mind. J.P. Morgan was going to use the same extortion tactic to get its employees to sign up for the 401k retirement plan. But, in a different way.
This is an ongoing debate in our industry, but the problem with such a tactic is that its so easily abused. We can’t just say, “hey, we’re going to get you to sign up for a 401k plan”. Because they usually won’t be the ones who have it in the first place, so the tactic doesn’t work. What’s more, if they do, they’ll be the ones who have to follow through with it.
While the idea of forcing your employees into such a plan might sound appealing, there are plenty of situations where the employees are not going to follow through. And if you cant force them into a plan, you might as well not even waste your time.
The truth is that many employees don’t want to give up their retirement savings, even if that means cutting their hours or moving to another city. That’s why it’s so important to have a good plan in place so that you can still keep your employees working and not have to deal with it.
One way to deal with this is to use a “business is boomin” strategy. It’s a phrase used by a lot of entrepreneurs and business owners to make it clear that they are willing to sacrifice a portion of their own income to help a larger business. This is often done when an employee is not happy with their position or the way a larger company is run.
