Showing posts with label self employment. Show all posts
Showing posts with label self employment. Show all posts

Friday, February 26, 2010

farmdoc's blog post number 677

Today’s ‘List Friday’. Since 1987 I’ve been at least partly self-employed. And from 1998 entirely so. Being self-employed is one of the best decisions I’ve ever made. I was an employee from 1969 to 1998, and it nearly drove me up the wall. I found not being my own boss oh so difficult. So I sympathise with employee office workers. Today’s list? Actually it’s two lists that are linked with each other: the first list is ‘The top 10 office annoyances’. I’m surprised that only two thirds of the 1,836 people surveyed said their stress levels had been increased by office irritations. I thought the figure would be much higher. Number four on the list of office annoyances is ‘The use of office jargon or management-speak’. It leads directly to the related list: ‘The top 10 most annoying pieces of management-speak’. I detest management-speak. I think it’s simultaneously pretentious and lazy. Whilst both these lists were the result of a survey in London, they are extrapolatable to other Western offices. Including Australian ones, judging by this item in the Age a week ago. Me? Though I’m self-employed, I work in an office. And my biggest gripe’s a slow computer. It’s my computer, so it’s up to me to speed it up or replace it. But for the moment I’m content to leave it as is. At least when it’s slow it gives me a reason to whinge. Ho hum.

Wednesday, November 12, 2008

farmdoc's blog post number 206

I’m self employed. And I run a tight ship. I don’t waste a cent let alone a postage stamp. Because no-one will rescue me if my business makes a loss. In 2007-8 it made a record profit. Contrast the 2007-8 results of 240 Victorian government agencies – a combined loss of A$2b compared with a profit of A$6b in 2006-7, i.e. an A$8b turnaround. In 2007-8 they and I both operated in the same economy. I reckon the difference is that they spend money belonging to other people – yes, folks, you and me – whereas the money I spend is mine. Among the bodies in the red in 2007-8 was the Grand Prix Corporation. The 2008 Formula 1 Grand Prix lost a record A$40.1m, which of course the government automatically reimburses from consolidated revenue. Astoundingly, in 2007-8 eight Grand Prix Corporation executives received over A$160,000 in bonuses, including over A$40,000 reputedly bestowed on its CEO. Record bonuses for a record loss. Congrats, people. Whilst the Corporation’s A$40m loss is only 2% of the government's A$2b loss, the way to reduce costs is to examine every single one – not just the large ones. Grand Prix losses are slated to gradually increase each year throughout the contract period to 2015. Oh how easy it is to spend other people’s money when there’s no accountability. Me? I’ll keep counting postage stamps.