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re: BR Business Report highlighting Richard Lipsey as an entrepeneur...

Posted on 11/10/11 at 12:44 pm to
Posted by GFunk
Denham Springs
Member since Feb 2011
14966 posts
Posted on 11/10/11 at 12:44 pm to
quote:

I'm pretty sure that's the Lipsey that owns that big gun distributor/wholesaler out fit in town. I would think he makes a pretty nice dime off of that.


He got into that business, which makes $2.5 million in revenue/year.

He got out of the sporting good business, which was making $15 million in revenue/year.

Its nice, but he effectively cut his paycheck 6-fold or so.

Oh, & Golfer, nobody'd ever heard of any problems at the store before Lipsey took it over. So the story about "restructuring" is sort've dubious as per what I've heard.

My point isn't to take personal shots at the guy so much as it is to take stock of what he's "accomplished" and then ask why would a local business rag include him in a section on entrepeneur's? What's he taken a chance on? What's he gone out on a limb for?

They're detailing guys who emmigrated from Columbia & built empires. Women who started commercial advertising firms off agreements signed on napkins in Fleur De Lis in the middle of large recessions.

Oh, and let's throw in a guy who got handed the keys to a large family fortune & a thriving family business, and call him an entrepeneur?

One of these things is not like the other, is what I'm trying to say.
Posted by nEVERhappy
Geismar
Member since Sep 2009
351 posts
Posted on 11/10/11 at 9:21 pm to
Hey bud,

As far as I can tell, you know nothing of Richard Lipsey. He actually owns about 5 successful businesses now since the "Sporting Goods" store was closed down, which is now the "13th Gate." All I can say is that I know him really well and your not even close on these comments. Try to look up "LSU TOP 100" and that might tell you more about just 1 of his businesses.
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