Posted by: Joe Palmer | June 3, 2010

Wisdom From Dad continued…part 3


On Business: My dad became a business man in his 30’s. He bought an established clothing store. It was called “Hubbard’s Dry Goods” at that time.  It became “Palmer’s Dry Good’s.”  Dry Good’s hailed back to the days of the old west. The Dry good store sold material, clothing, and shoes. It sold the stuff the hardware store and grocery store didn’t sell.

My dad had several ladies who worked in his store over the years. He never had trouble keeping people and seldom had problems with his workers. He had a few rules I remember him telling them. He said, “I’m not going to be upset if you are a few minutes late, but if you are waiting on a customer I expect you to stay a few minutes late to finish up.” Of course there could be exceptions when an employee had to leave for business. He praised his workers and always felt blessed that he could leave the story and not worry about money or their diligence at the job.  He did little things like keeping the break room stocked with “Little Debbie” snack cakes and soft drinks.  On special work days he would buy everyone lunch because it wasn’t feasible to go out for a meal.

The one rule that I believe every businessperson needs to know is:

“You can’t pay a good employee too much,
and you can’t fire a bad one quick enough.”

Many employers fail to understand the value of praise, respect, and appreciation for a job well done. Sometimes they think of paying the least they can rather than appreciating the quality of a good worker.

The Bible says, “You shall not muzzle an ox when it treads out the grain,” and, “The laborer deserves his wages.” 1 Tim 5:18 (ESV)

P.S. from my brother Chuck

Thank you Joe, for sharing another gem from Junior. Whan Dad explained this “personal proverb” to me he followed up with these two points. 1.) You probably cannot afford to pay a good employee what he/she is truly worth because he/she will produce profits and goodwill that are beyond your businesses ability to pay. 2.) A lazy, unkind or dishonest employee should be dealt with quickly yet discreetly in order to maintain a profitable business and harmonious workplace. If he/she will not respond then removal from their post is the only option that will maintain the success of your business.

Joe Palmer

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Responses

  1. Thank you Joe, for sharing another gem from Junior. Whan Dad explained this “personal proverb” to me he followed up with these two points. 1.) You probably cannot afford to pay a good employee what he/she is truly worth because he/she will produce profits and goodwill that are beyond your businesses ability to pay. 2.) A lazy, unkind or dishonest employee should be dealt with quickly yet discreetly in order to maintain a profitable business and harmonious workplace. If he/she will not respond then removal from their post is the only option that will maintain the success of your business.

    Keep ’em comin’.


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