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

Posted on 11/10/11 at 11:37 am to
Posted by Glock17
Member since Oct 2007
22563 posts
Posted on 11/10/11 at 11:37 am to
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.
Posted by GFunk
Denham Springs
Member since Feb 2011
14968 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.
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