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I ran across a quote the other day that made me sit back and think.  This quote is from James Cash Penney, founder of the J.C. Penny Stores.

“Long-range goals keep you from being frustrated by short-term failures.”

We have all heard of the J.C. Penney stores.  What we might not know is that James Cash Penney began his dream of an empire in 1902.  That is over 100 years ago!   In 1924 Penney was earning an income of 1.5 million dollars per year.  I have no clue what that would translate into today’s earnings.  The stock market crash caused him financial ruin.  Of course, with his business intelligence, he was once again able to build his empire.

I guess my point in all of this is that some things are timeless.  His statement is as true today as it was many, many years ago.

In any beginning endeavor, there are limitless endless frustrations.  It is important to analyze and write down what your long term goal is for the endeavor.  I know from experience that it is difficult to envision what tomorrow will bring, let alone 5 years from now.  But it is that long term vision that will bring ultimate success.

Everyone has setbacks and failures.  It is how we learn.  While Truman and I were setting up this blog, and going through the growing process, we had countless difficulties.  I wish I had the time to tell you about all the things we have learned, all the things we did wrong and all the things we did right (somehow miraculously :).

I have my own little saying that drives Truman crazy.  “Keep your eye on the prize.”

So remember, “Long range goals keep you from being frustrated by short-term failures”. It is what you learn along the way through your trials and tribulations, which creates your business intelligence, that allows the long term goal to be achieved.

See Truman’s post on Smart Goals.

Next post –  Financial Intelligence.

See you then


P.S.  We love to hear from our readers, please leave a comment!

Categories : Personal Growth
Comments (265)

Update:  Insurance reality  5/11/2010

In the Tampa paper this morning was an article about how some industry leaders are going to deal with government run insurance. It was reported that AT&T could save over 4 billion dollars if they terminated the insurance coverage that they are currently providing their employees and pay the government penalty for stopping it. This is a trend that will be set by the larger corporations in our country and to be followed by all industry. It looks like government run insurance will put a complete stop to what we currently call employer supplied insurance benefit.


I am afraid that with the government creating insurance rules there are going to be big problems in the near future. I think it is a good idea for everyone to have health insurance, but I believe that the program is going to cause the current companies who are supplying some kind of coverage for their employees and retirees to stop. It will create an opportunity for employers to offer the coverage but at full cost instead of a benefit.

I know that times are tough economically and companies are looking for ways to cut cost. I understand the position they are in, but when things get turned back around and profits are being realized the insurance will not come back. Once out they will stay out and the total cost of coverage will be on us. Some people say it should be that way but one thing that is being left out is the fact that the workers took a smaller pay raise throughout the years so the insurance would be a benefit. So in real terms the companies are only paying for the coverage with our money in the first place. If they are going to take away the insurance then the employees should get the cost in their weekly wages.

I am not in favor of taking away some of the benefits of those who do have it and giving it to those who are without. There is no incentive for a company to find a way to provide coverage if the government is going to force us to buy the coverage. Jobs are hard to find and especially the kind that offer health insurance. I say don’t take it away from those who have it, but find a way for those who don’t have to be able to afford it.

Categories : Trumans opinion
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