Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Bob Clyatt quoted in Business Week
Old 10-08-2006, 12:16 PM   #1
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,616
Bob Clyatt quoted in Business Week

"How To QuitóWithout Quitting" gives tips on setting up a consulting practice.

Frankly I think the article is a typical thinly-veiled Boomer plea to keep paying those payroll taxes to save Social Security & Medicare. It's written on deadline by journalists who wouldn't have a clue about ER if it bit them in their @$$ets. And it's only accessible for now if you're a BW subscriber. But then I shouldn't expect to find lyrical retirement paeans in a magazine with "Business" in its title.

Anyway here's Bob's quote on how to back off from full-time workweeks to a part-time consulting career: "Whatever you do, don't look like you're retired. 'If you sit down with clients looking tanned and relaxed, it can work against you,' says Bob Clyatt, author of Work Less, Live More: The New Way to Retire Early. ' You don't want to make this look like a hobby, or like you're just puttering around.' Even if that's what you're really doing."

Bob, is BW going to publish more in other articles, or is this all they decided to use after interviewing you?!? How much of your time did they take for this?
__________________

__________________
*
*

The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
Nords is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: Bob Clyatt quoted in Business Week
Old 10-09-2006, 08:21 AM   #2
Moderator Emeritus
Martha's Avatar
 
Join Date: Feb 2004
Location: minnesota
Posts: 13,212
Re: Bob Clyatt quoted in Business Week

Quote:
Originally Posted by Nords


Anyway here's Bob's quote on how to back off from full-time workweeks to a part-time consulting career: "Whatever you do, don't look like you're retired. 'If you sit down with clients looking tanned and relaxed, it can work against you,' says Bob Clyatt, author of Work Less, Live More: The New Way to Retire Early. ' You don't want to make this look like a hobby, or like you're just puttering around.' Even if that's what you're really doing."

Hey, we haven't heard from Bob lately have we.

I agree with Bob that it works against you to look retired. I am having that problem now. I primarily do work for two large clients. I know their representatives well so they know my plans and how I have cut back. One persists in treating me as a shorttimer, like I am going to be gone any minute so maybe someone else should be doing their work . This is after close to two years of part timing it. The other is fine. With the one client, I would have been better off not talking so much about part timing it, taking time off, etc.
__________________

__________________
.


No more lawyer stuff, no more political stuff, so no more CYA

Martha is offline   Reply With Quote
Re: Bob Clyatt quoted in Business Week
Old 10-10-2006, 09:37 PM   #3
Full time employment: Posting here.
CCdaCE's Avatar
 
Join Date: Apr 2006
Posts: 887
Re: Bob Clyatt quoted in Business Week

Thanks for the link, Nords.

Along these lines, has anyone read any "good books" relating to starting a business? Not the textbook crap of "write a business plan", "get financing", or anything like that, but stuff like how Dell got started or Merry Maids, or Starbucks, or whatever. Maybe a nice collection of stories about "how the little guy broke through".

How they got the idea. Where they started. What they did in their "previous life". Etc.

For instance, my parents started a business that they knew nothing about. I think there was more hard work than luck, but the old man won't spill his guts enough for me to learn about it. From my perspective they did quite well for themselves. But, to this day... I have no idea:

1. How good of a deal the financing was (Pfft. Can't talk about money!).
2. How they selected their products, etc. (I'm not really sure what our profit margin was on that line, around 9%?) Etc. Etc.

Maybe I'm doomed if I can't parlay my skills into something to try, without reading to get ideas...

Just wondering if anyone has any recommendations.

-CC
__________________
"There's those thinkin' more or less, less is more, but if less is more, how you keepin' score?
It means for every point you make, your level drops. Kinda like you're startin' from the top..." "Society" - Eddie Vedder
CCdaCE is offline   Reply With Quote
Re: Bob Clyatt quoted in Business Week
Old 10-11-2006, 07:03 AM   #4
Full time employment: Posting here.
 
Join Date: Nov 2003
Posts: 926
Re: Bob Clyatt quoted in Business Week

Quote:
Originally Posted by CCdaCE
Thanks for the link, Nords.

Along these lines, has anyone read any "good books" relating to starting a business? Not the textbook crap of "write a business plan", "get financing", or anything like that, but stuff like how Dell got started or Merry Maids, or Starbucks, or whatever. Maybe a nice collection of stories about "how the little guy broke through".

How they got the idea. Where they started. What they did in their "previous life". Etc.

For instance, my parents started a business that they knew nothing about. I think there was more hard work than luck, but the old man won't spill his guts enough for me to learn about it. From my perspective they did quite well for themselves. But, to this day... I have no idea:

1. How good of a deal the financing was (Pfft. Can't talk about money!).
2. How they selected their products, etc. (I'm not really sure what our profit margin was on that line, around 9%?) Etc. Etc.

Maybe I'm doomed if I can't parlay my skills into something to try, without reading to get ideas...

Just wondering if anyone has any recommendations.

-CC
Hey.........I could write that book. Nah, too lazy.

Really though, I've probably done 7 or 8 smaller M and A deals, some
for me and some for others. Also worked for a couple of start ups.
I'll bet there are lots of books already out there. While perhaps not as good as what I could do, I assume the folks here will have suggestions.

OH, a final thought...........a lot of the guys who write articles about this
don't know jack. It's all theory. My stuff is on-the-ground, grinding it out
(I'm still in a Ray Kroc frame of mind) real life.

Tell you what. If you wish, PM me and I'll give you a sampling of 5 or so deals with the big issues involved. Then, details if you want more. How's that?

JG

__________________
Some of us have pretty stories, about good friends, good times and noodle salad.
Mr._johngalt is offline   Reply With Quote
Re: Bob Clyatt quoted in Business Week
Old 10-11-2006, 05:59 PM   #5
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,616
Re: Bob Clyatt quoted in Business Week

Quote:
Originally Posted by CCdaCE
Along these lines, has anyone read any "good books" relating to starting a business? Maybe I'm doomed if I can't parlay my skills into something to try, without reading to get ideas...
Well, laugh if you feel like it, but the "Complete Idiot's Guide" and "... For Dummies" series will answer all the basic questions and give you a great reading list.

Try Buffett's annual shareholder letters. "Behind the Golden Arches" is a classic, but you may be discouraged to realize how many times Ray Kroc came so close to losing it all. There are also stories that Fred Smith (Fedex) had to make payroll one month by winning at a Vegas blackjack table. Wozniak's "iWoz" book is coming out very soon, if it's not out already, and I'm sure it'll have similar tales of close calls.

You can learn a lot from bad business decisions, too-- "Origins of the Crash" and just about anything by Roger Lowenstein, Kurt Eichenwald, or Frank Portnoy.

If you subscribe to Business Week and keep an eye on their bestseller list you'll find additional jewels.

Friends of mine swear by the SBA classes/seminars and by anyone from SCORE. One of them volunteered at SBA for six months and said that it was better than an MBA program. A lot cheaper, too!
__________________
*
*

The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
Nords is offline   Reply With Quote
Re: Bob Clyatt quoted in Business Week
Old 10-11-2006, 09:26 PM   #6
Full time employment: Posting here.
CCdaCE's Avatar
 
Join Date: Apr 2006
Posts: 887
Re: Bob Clyatt quoted in Business Week

Quote:
Originally Posted by Nords

Try Buffett's annual shareholder letters.

...

You can learn a lot from bad business decisions, too-- "Origins of the Crash" and just about anything by Roger Lowenstein, Kurt Eichenwald, or Frank Portnoy.

...

Friends of mine swear by the SBA classes/seminars and by anyone from SCORE. One of them volunteered at SBA for six months and said that it was better than an MBA program. A lot cheaper, too!
Yeah, bought the collection of Hathaway annual letters before I knew they were available online. Good stuff!

I've read "Good to Great" about companies that "made it big" when other, similar companies (same industry) didn't shoot the moon, but just did OK.

Thanks for your recommendation. Turns out theres a SCORE chapter in town. Hopefully when work slows down I'll have time to SCORE some knowledge. I wonder if they have a lot of sexual harassment issues?

http://www.isbn.nu here I come for some fresh readin'.

Thanks again.

-CC
__________________
"There's those thinkin' more or less, less is more, but if less is more, how you keepin' score?
It means for every point you make, your level drops. Kinda like you're startin' from the top..." "Society" - Eddie Vedder
CCdaCE is offline   Reply With Quote
Re: Bob Clyatt quoted in Business Week
Old 10-13-2006, 10:48 AM   #7
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
mickeyd's Avatar
 
Join Date: Apr 2004
Location: South Texas~29N/98W
Posts: 5,880
Re: Bob Clyatt quoted in Business Week

Speaking of new retirement books, I am trying to read a new one entitled This is not Your Parents Retirement and, so far, it stinks. It contains nothing new and trys to lead the readers to the nearest "advisor" as it seems to imply that all of this financial stuff is way to complex for the unwashed general public.

I'll keep reading it and maybe my perception of the book will change with time, as I have only dipped into selected portions of it.

In as few words as possible, it does not appear to be as well written or as clear as Bob's book.
__________________
Part-Owner of Texas

Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx

In dire need of: faster horses, younger woman, older whiskey, more money.
mickeyd is offline   Reply With Quote
Re: Bob Clyatt quoted in Business Week
Old 10-19-2006, 06:28 AM   #8
Thinks s/he gets paid by the post
BUM's Avatar
 
Join Date: Feb 2004
Location: Mid Hudson Valley
Posts: 1,778
Re: Bob Clyatt quoted in Business Week

Quote:
Originally Posted by CCdaCE


Maybe I'm doomed if I can't parlay my skills into something to try, without reading to get ideas...

Just wondering if anyone has any recommendations.

-CC

What skills are we talking about here? Making klystrons or donuts? All the mystery and hardships of starting a business is akin to How-Do-I-ER or how do I get out of business. Starting a business is like fretting about buying a house. Whats important is what goes on inside the house... and with those skills, you already know about that.

__________________
In a panamax down by the river.
BUM is offline   Reply With Quote
Re: Bob Clyatt quoted in Business Week
Old 10-19-2006, 09:49 AM   #9
Moderator Emeritus
Martha's Avatar
 
Join Date: Feb 2004
Location: minnesota
Posts: 13,212
Re: Bob Clyatt quoted in Business Week

Quote:
Originally Posted by BUM

What skills are we talking about here? Making klystrons or donuts? All the mystery and hardships of starting a business is akin to How-Do-I-ER or how do I get out of business. Starting a business is like fretting about buying a house. Whats important is what goes on inside the house... and with those skills, you already know about that.

BUM! Where ya been?
__________________
.


No more lawyer stuff, no more political stuff, so no more CYA

Martha is offline   Reply With Quote
Re: Bob Clyatt quoted in Business Week
Old 10-19-2006, 12:41 PM   #10
Full time employment: Posting here.
CCdaCE's Avatar
 
Join Date: Apr 2006
Posts: 887
Re: Bob Clyatt quoted in Business Week

Quote:
Originally Posted by BUM

What skills are we talking about here? Making klystrons or donuts? All the mystery and hardships of starting a business is akin to How-Do-I-ER or how do I get out of business. Starting a business is like fretting about buying a house. Whats important is what goes on inside the house... and with those skills, you already know about that.


I am a Civil Engineer. But what service/etc. can I provide that Joe Public needs. Without getting into considerable amounts of risktaking. Everything I can dream up, it seems too risky or too simple. I guess that's why you make the bucks, taking on risk.


-CC
__________________
"There's those thinkin' more or less, less is more, but if less is more, how you keepin' score?
It means for every point you make, your level drops. Kinda like you're startin' from the top..." "Society" - Eddie Vedder
CCdaCE is offline   Reply With Quote
Re: Bob Clyatt quoted in Business Week
Old 10-19-2006, 04:09 PM   #11
Thinks s/he gets paid by the post
BUM's Avatar
 
Join Date: Feb 2004
Location: Mid Hudson Valley
Posts: 1,778
Re: Bob Clyatt quoted in Business Week

Quote:
Originally Posted by Martha
BUM! Where ya been?
Hi Mart!

Things are really busy here in heaven. Been at the beach for over 2 months, shrimpin', crabbin', metal detecting and dolphin watching. Last week the full moon, high tide and perigee (when the moon is closest to the earth) coinsided. The tides were very very high. Picture ducks paddling along main street.

Time to wash up... just popped the heads off 10 pounds of jumbo shrimp caught today. My neighbor is a commercial shrimper. At $3.50/lb DW is making cocktail sauce!
The big news is that the new hi-rises have given way to lots of open wifi connections...all this and free hi speed internet. We must be in heaven, man!.

BUM 8)
__________________
In a panamax down by the river.
BUM is offline   Reply With Quote
Re: Bob Clyatt quoted in Business Week
Old 10-20-2006, 01:03 PM   #12
Moderator Emeritus
Martha's Avatar
 
Join Date: Feb 2004
Location: minnesota
Posts: 13,212
Re: Bob Clyatt quoted in Business Week

Bum, you and CT seem to have the nicest retirements!

Party at your house?
__________________
.


No more lawyer stuff, no more political stuff, so no more CYA

Martha is offline   Reply With Quote
Re: Bob Clyatt quoted in Business Week
Old 11-05-2006, 09:42 AM   #13
Thinks s/he gets paid by the post
BUM's Avatar
 
Join Date: Feb 2004
Location: Mid Hudson Valley
Posts: 1,778
Re: Bob Clyatt quoted in Business Week

Quote:
Originally Posted by Martha
Bum, you and CT seem to have the nicest retirements!

Party at your house?
BYOBacardi, Sunscreen will be provided 8)
__________________

__________________
In a panamax down by the river.
BUM is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
prediction of 2/27/07 newyorklady FIRE and Money 21 03-04-2007 01:45 PM
Business Week: "A New Twist on Retiree Healthcare" Nords Other topics 4 07-26-2006 11:42 AM
Business Week: "The Golden Years -- At Work?" Nords FIRE and Money 18 06-05-2006 07:38 AM
Ten stupidest mistakes made by the newly self employed cute fuzzy bunny FIRE and Money 6 04-14-2006 10:06 PM
Business Week: "Meet the Senior Class" Nords Life after FIRE 15 12-17-2005 01:51 PM

 

 
All times are GMT -6. The time now is 01:16 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.