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It's About Time! The Journyx Blog
There is a lot of hubbub about using third party solutions for successfully integrating software products into your business, and you can’t open a software provider’s page without hearing how well they will improve your current system, filling in the gaps and taking over the clumsy, clunky controls that you are stuck with. Whether you are using QuickBooks accounting systems or Microsoft Dynamics for projects, there will always be someone saying that they can take over and optimize or even replace the system entirely. In many cases this is true, because those businesses focus on very specific problems, whereas the software they attack is configurable to a wide range of needs. So, if your issues match with their specific skill sets they can count money in the bank. However, in many cases they are counting on one factor that is almost certainly the cause of the other issues: user error.
If you, or whomever you hire to consult, fails to optimize the installation of core business software, or fails to appropriately update it over time, then it can appear as though the problem lies with the software itself. In fact, most of the larger software packages are made to adapt to nearly any business problem, and those that can’t generally require only minor tweaks, not a major overhaul or replacement. Consider the claim that QuickBooks can’t be used for maintaining compliance with the Defense Contract Auditing Agency (DCAA). The reality is that you need only configure the appropriate settings and link it to a timekeeping system that meets the requirements of the federal government. Choosing an entirely new accounting system and implementing it across your company is time-consuming, expensive, and inefficient. However, there are companies just waiting for you to get frustrated with your products, throw your hands in the air and say, “I give up!” That, as they say, is when they’ve got you.
So, if you take away nothing else from this post, take away this: always look to see if your software has the answer built-in before abandoning it for something shiny with big promises to deliver. The odds are that it has flexibility that you were unaware of. If you had it installed by someone else, ask for assistance, or call the vendor. In many cases they will be happy to help. There is no reason to clutter your business with extraneous new systems that provide only a bandage to a broken arm. The most effective fixes come from an understanding of, and willingness to correct, the primary system itself.
For the first time, Journyx will be exhibiting at Microsoft Convergence 2012. Convergence is the premier event for the Microsoft Dynamics Customer and Partner business community. This year, the conference is in Houston—not too far from the Journyx headquarters in Austin! It’s hard to ignore the buzz that surrounds this show. Check out this video created by the Microsoft Dynamics team:
This video so full of energy! We’re really working hard to bring our A-game to this conference. Now why is Journyx going to Convergence 2012? Journyx wants to show off one of its more recent integrations with Microsoft Dynamics GP, specifically with Project Accounting. We’re proud to know that we can provide easy project tracking for GP users, as well as give data validations, approval levels, and customization benefits. Many GP users find that they need just that extra bit to make GP all encompassing for their business. So we hope we can make a big splash for GP users looking for accurate, easy time keeping.
Will you be at Microsoft Convergence this year? Is the George R. Brown Convention Center as amazing as Microsoft makes it out to be? I personally hope it is.
Who is ultimately responsible for the data of your company? In every case, the answer is you. Sure, you might outsource your data storage to a third-party, but guess what? Anybody who needs access to that data is going to expect it from you, and any issues such as loss, theft, or corruption of that data will be your responsibility as well. It is not enough to select a data storage provider and then wash your hands. It requires a relationship of constant communication. It also requires quite a bit of homework, as the best data vendor is
The importance of is particularly important when dealing with the US government, as they require secure records that can be easily retrieved and reproduced with all the accuracy of traditional “paper” records. Proof that your company can secure their records in this way can help win the trust of government agencies or businesses looking to subcontract. Of course, it will also help you if you already have a contract. If the DCAA ever needs to look into your records, you will want to provide them with well-kept data that could not have been compromised.
So what are the best ways to ascertain if a data storage provider, or a SaaS provider that stores data on their servers is legitimate? For starters, you should make sure that you will have access to your data at all times, and whether or not they have backup systems in place should there be some sort of power outage at their facility. This could mean that they have data stored at more than one geographic location, or that they have reserve power or some other contingency in place. If they don’t you might be without data at a crucial time. You will also want to inquire about the speed of data uploads and restoration, particularly if it is important that your company have fast access to its data. Finally, it’s not a bad idea to inquire about their other paying customers, and how many there are, to get an idea of whether or not they currently provide necessary support for businesses such as yours.
Data storage need not be a stressful factor of your business, but it does require some forethought. Grant it that, and you will have a secure solution that works well for your business. Fail to do so, and you might find that you are without key information during those crucial times when you really, really need it.
Guess what? Gaining a contract with the defense industry is indeed a lucrative process. At least, it is when the business who wins the contract understands all of its terms. One of the most important terms to determine, especially at the outset, is what it means to have a fixed price contract. Sometimes, a business will overestimate its ability to deliver on a project, possibly because they are used to acting as “yes men” for their standard customers, promising they will deliver just about anything the customer wants and opting to iron out the details later. However, the federal government is not a standard customer, and if you say yes to them, you should be able to deliver.
The truth is, the contracting agency will adhere rigidly to the terms of the contract. If they allocate a certain amount of money for the completion of a project on a fixed price contract, that is all the money that the agency will spend. If a business takes on a project that’s out of its league, it’s quite possible to lose money. Therefore, an understanding of all your businesses processes, particularly related to available resources and time to completion, is absolutely necessary before attempting to win the contract.
Of course, even if you don’t have the ability to tackle a project due to resource requirements that are a bit out of reach, the story doesn’t end there. It is still possible to team with other aspiring contractors, or even to act as a subcontractor. The point is, without a firm grasp on the logistics and assets of your business, you might either undersell or oversell yourself, and thus miss out on the optimum profit potential of your government contract.
We have a new face on our Account Management team, Neil Penberthy! To let people get to know Neil better, our Marketing Specialist thought it would be a great idea to create a video of Neil. Below is the finished product:
This way, our current customers can feel more comfortable with Neil on their accounts. I love that Neil incorporates the company dart board in his video. The dart board has been a big hit with the Journyx Sales and Development team. Around 4pm, you can find them taking their daily dart break and competing with each other. It’s healthy and fun competition between co-workers.
I’m also excited that there is a new video on the Journyx YouTube channel. If your small business has not considered incorporating YouTube videos into your marketing or advertising plan, maybe you should! YouTube videos have a high SEO rate, which means more eyeballs for your company’s site. Videos in general are much easier for new prospects to digest compared to text. It’s why we’ve been incorporating more videos on the Journyx blog to create a multi-media experience.
What do you think of Neil’s new video? Leave us a comment!
Some Journyx customers have come across issues trying to run Cube Reports in Timesheet. Outlined below is the standard solution for Cube Report issues. If you've been upgraded to MS Office 2007 or 2010, you will have to request that your IT person go out on the web and find Microsoft Office 2003 Web Components Service Pak 1 (SP1) for the 2007 Microsoft Office System. This can be found on the Microsoft web page under downloads.
Note that Cube Reports can only be viewed in Internet Explorer.
The first thing you need to check is to make sure your Office Web Components version matches your version of MS Office. Here are the corresponding versions:
Office 97, 2000 = OWC 9
Office XP/2002 = OWC 10
Office 2003 = OWC 11
1. Make sure OWC11 is installed (if using Office 2003). If not, or if you are not sure, go here and download the file then install it: http://www.microsoft.com/downloads/details.aspx?FamilyId=7287252C-402E-4F72-97A5-E0FD290D4B76&displaylang=en
2. Go to Tools > Internet Options > Security > Click on Internet > Click Custom Level > Tick the radial button to enable "Access data levels across domains".
3. Do the same steps listed in step 2 after clicking on "Trusted Sites" as well.
4. Make sure the Timesheet site URL is listed as a trusted domain by clicking on "Trusted sites" and then "Sites".
5. If that still doesn't work, you will need to uninstall OWC (through Add/Remove Programs), then reboot, and then reinstall OWC.
If you're still experience issues, you may have to contact Microsoft to see if they have any suggestions.
It’s all over the internet. Major sites, such as Craigslist, Google, Wikipedia, and many others have put up personal appeals to stop the passage of SOPA (Stop Online Piracy Act). Meanwhile, those supporting the bill are equally voracious, stating that it is not the internet apocalypse that its critics are making it out to be. In fact they propose it as the logical next step to halt abuse of internet commerce, much in the same way security cameras and other anti-shoplifting devices secure physical retailers.
As far as I can tell, the vast majority of complaints on both sides do not actually believe that SOPA itself is the real issue. Rather, they focus on what the passage, or failure to pass, SOPA represents. For critics, it is the first real attempt by the United States to formally monitor and control internet activity. Thus, even though they might believe that SOPA in and of itself poses little risk to legitimate websites they feel that it is an “open door” that will lead to further restrictions of a far less agreeable nature. Once a major bill of this type is made into law, they believe, it is relatively simple to institute further restrictions piece by piece until it is no longer possible to browse the internet with total freedom, but rather with whatever the current political climate deems “appropriate.” In this current age of heavily divided bipartisan shenanigans, such fears are understandable.
On the other side of the issue, individuals believe that this represents the greatest chance to protect intellectual property yet. Although they know of the various bypasses, sites that redirect to “blocked” materials, and other workarounds, they also believe that they will have the groundwork in place to launch a more aggressive attack on pirates and those who would bootleg their software rather than pay for it fairly. They believe that if this bill fails, it will be nearly impossible to meaningfully curtail the rampant piracy that infects nearly every software developer today. And this is also a valid point. Even though it is easy to joke about fat-cat companies losing out on a few extra dollars, the truth is piracy really hurts many online retailers, particularly smaller businesses and start-ups, and can lead to major financial issues. And to them, the idea that this is an attack on the freedom of the internet is somewhat laughable, as they are simply trying to protect their freedoms to sell without fear of theft.
The truth is both sides have valid points, and the possibility for abuse exists on both ends of the spectrum. On one, the internet becomes a government regulated shell of its former self. On the other, piracy kills software development, resulting in the death of innovative start-ups and curtailing profits to the point that freeware is the only viable option, heavily reducing the quality of available software. This is really a tricky one, with far reaching implications should either side fail.
Where do you stand on the SOPA issue? Can you provide some alternative viewpoints, or perhaps a compromise that will satisfy both sides of this important debate?
While it’s not a cakewalk for small businesses to win a government contract, there is good news: it is getting easier. The U. S Government, as of November 2, 2011, has modified its FAR (Federal Acquisition Regulation) rules and now requires contracting agencies to consider setting aside a portion of their task and delivery order specifically for small and disadvantaged businesses. Now, now, I know what you’re thinking: “It requires them to consider placing a portion of their orders aside? What kind of weak ruling is that?” Well, fortunately, trends in contracting show that more and more contracts actually are being awarded to small businesses.
For example, in 2009 the U.S. Government awarded 21.9% of contracts to small businesses, whereas in 2010 that number rose to 22.7%. The difference resulted in a 1.1 billion dollar increase in the funds given to small business contractors. Further, the government exceeded its goal of allocating 5% of its contracting dollars, settling around an actual allocation of approximately 8%. In short, the trend toward awarding contracts to small businesses is steadily rising.
So what does this mean for your business? Well, if you have been on the fence about going for a contract, or if you think you have a product or service that the government regularly needs, then there has never been a better time than now. Not that you need to rush into this, but if you can determine that your company has the capability to pursue one of these opportunities, it could result in massive profits.
If you are intrigued by the possibility of acting as a government contractor and want to learn more, check out our webinar, “How to Win and Successfully Execute on Defense Contracts”, for in-depth information on entering the field of government contracting. Good luck!
In my last post, I described the necessity of a D-U-N-S number in government contracting. After you acquire a D-U-N-S number, you’re ready to register in the Central Contractor’s Registry (CCR). Registering your business in the CCR not only makes your company visible to the government, but it’s also a requirement according to the Federal Acquisition Regulation (FAR). So what do you need besides a D-U-N-S number to register? You need:
- CAGE Code
- Company and Corporate information
- Federal Tax Identification Number
- SBA-defined socioeconomic characteristics
- NAICS code
- Product Service code
- Federal Supply Classification code
- Financial information
- Point of Contact (POC) information
- Electronic Data Interchange (EDI) information
Registering in the CCR is an essential first step into government contracting. Below is a video from SBA, which will encourage your decision into seeking business with the government and help you brainstorm how to make yourself attractive to the government after you register.
Have you already registered for the CCR? We’d love to hear your experience!
Did you know that there's an easier way to share reports within your organization? You can create a report for yourself and copy that report to other employees so it shows up in their report menus. Simply select the report, determine who you'd like to share it with and click the "Copy To" button.
Select the report you'd like to share, who you'd like to share the report with and click the "Copy To" button:
When starting out in government contracting, you can’t get too far into the process without a D-U-N-S number, which stands for Data Universal Numbering System. It’s a unique nine-digit number for each location of your business and is completely free. A D-U-N-S number is required to register with the federal government for contracts or grants. You can’t join the CCR (Central Contractor Registration) without it! Below is a basic overview of the D-U-N-S number from InsideUp:
The D-U-N-S number was created in 1962 and copyrighted by Dun & Bradstreet. A D-U-N-S number has been assigned to over 100 million businesses worldwide. The D-U-N-S number was adopted as a standard business identifier for federal electronic commerce in October of 1994. It was also incorporated in the Federal Acquisition Regulation in April of 1998 as the official identification code for all procurement-related activities. Start your process of acquiring a free D-U-N-S number today!
The following post is taken from the Journyx Webinar “How Journyx Helps our DCAA Clients Manage Employee Time & Projects.”
Government contracting can be tough on the executives responsible for making sure employees and projects are tracked accurately. Of course, it is possible to get by on a number of systems, but there are certain tools that can make the process much easier, allowing supervisors to work on more pertinent tasks that will improve the overall profitability of a company far more than logistics measurement. The trick here is accountability. The best tools will provide a solid backbone on which the supervisor can bolster his or her approach to this important problem.
Project Coordination Capabilities
A supervisor will need to make sure that the right people are on the right jobs. Though this isn’t limited to government contracting, making sure that the people who can perform a task most efficiently are the ones assigned to it will increase the odds that you will stay within budget and schedule. Therefore, the supervisor needs a tool that will allow him to track individual employee efficiency and view it in the context of other employees’ effectiveness on a given task. This information should be easily readable through reports, charts or graphs. Preferably, the supervisor would have access to all three.
Project Budgets and Schedules
Speaking of going over budget or schedule, the supervisor needs to have access to these two key pieces of data throughout the lifecycle of the project. Of course, this seems obvious until a deadline is breathing down the neck of a project team and no time or money is left to meet it. When dealing with the government, specifically of fixed-cost contracts, this discrepancy can result in major financial turmoil, since the business itself will be responsible for any funds spent on a project above the contracted budget. Therefore, metrics that show how a project is coming along do not only need to be present, they need to be crystal clear.
Who is Available?
Again, resource availability may seem like an obvious piece of information in theory, but can actually be very tricky. Let’s say there is an individual in the company who could save quite a bit of time with his expertise on a project. The supervisor schedules him through the clunky system currently being used. This is usually not too big of a deal; the supervisor will let him know when it is time for him to work on the project. However, when that time comes she discovers that he is out of town -- for the next three weeks. And he is unreachable by phone or email because he is backpacking on the Appalachian Trail. Insight into not only when an individual is available, but when he or she is not available (whether due to sick leave, planned vacation or religious holiday), will prove invaluable when it comes to structuring a contracted project.
Check out even more tips on tools that supervisors can use to make interaction with the U.S. Government simple, as well as how Journyx can provide a cost-effective system that meets your DCAA needs through the Webinar, “How Journyx Helps our DCAA Clients Manage Employee Time & Projects.”
Gamification has been a hot topic this past year with the popularization of Foursquare. But the theory of gamification is just starting to be explored more in-depth. What does gamification look like beyond badges and points? It’s an important question for small businesses to think about going into 2012. One example for gamification without points or badges is in an upcoming smartphone app called Zombies, Run:
This demo video is used for the Zombies, Run Kickstarter page. The video and accompanying description must have been effective because they surpassed their original goal of $12,500 by over $60,000!
So what does this successful app teach us about gamification? First, Zombies, Run is not based on badges and points. Rather it functions more as a role-playing game since the runner is given a character that exists inside the game. The recognition of different game mechanics is incredibly helpful when deciding if/which gaming systems would work best for your business.
The next draw towards Zombies, Run is that the game gives an incentive for an activity that many of us put off: exercising. Zombies, Run promotes exercise by offering an ongoing story that is directly influenced by how much you run. This is a very powerful idea, especially for companies that sell products for activities that most of us don’t want to do even though we should. Journyx has done much research into why tracking time is important. But even with all that research, we still find ourselves with the same conundrum that entering your time can be very boring for most employees.
Zombies, Run also has an effective way of bringing customers back to their product. There’s a “hook” at the end of every 20 minute section. Bringing customers back to your website is a challenge most companies face. Keith Smith of Big Door, a company that sells gamification mechanics for companies, was led to gamification practices after extensive research into web visitor metrics. He found that many customers come to websites less than 2 times per month, which is a pretty scary statistic. To have a hook or reason for customers to come back is great to keep in mind. Apple does this by using mystery; they don’t release information about their products until they are absolutely ready. This keeps customers guessing on what Apple will think of next.
Do you see gamification coming into your business in 2012?
Sarah Glass is the President and CEO of AimSourcing, Inc. AimSourcing specializes in outsourced accounting services, management information systems and business consulting. AimSourcing helps Journyx customers integrate with QuickBooks, which automates the flow of time data into customers’ billing, project management and payroll processes. This is an excerpt from Glass’s webinar “How to Modify QuickBooks for DCAA Compliance” where Glass explains how to configure your business software for a DCAA audit.
The DCAA, or Defense Contract Audit Agency, supports government agencies that request their services. Essentially, they serve to make sure that contractors are working within the set guidelines of the government when it comes to the financial interactions between their company and that of their contracting agency. Many individuals view the DCAA as a mysterious and unapproachable government agency, but the truth is their operations are relatively transparent if you know where to look. The following are a few things you should know about the DCAA if you are planning to work as a government contractor.
1. They Are Paid by the Government Agency
DCAA services are paid for by the government agency sponsoring the contractor. If a business is audited or otherwise examined by the DCAA, they are not responsible for the costs associated therein. This means that, although a DCAA audit may be inconvenient for your company, it will not be financially burdensome. This can potentially be a double-edged sword, however. Surprising as it may sound, there are instances where you would like the help or review of the DCAA. Unfortunately, it is impossible for a contractor to request assistance from them. They can only be requisitioned by government contracting officers.
2. They Only Have a Few Major Areas of Emphasis
The DCAA focuses primarily on a few areas of emphasis. These include internal control systems, management policies, accuracy and reasonableness of cost representation, adequacy and reliability of records and accounting systems, financial capacity and the contractor’s compliance with contractual provisions having accounting or financial significance. This knowledge can be useful if the DCAA wants to look over your records. You can prepare for an audit by arming yourself with a compliant, automated time-tracking system that will make a potential audit simple and painless.
3. Extent of DCAA Involvement Depends on the Type of Contract
The three primary types of government contracts are fixed price, time and materials, and cost reimbursable. In general, DCAA involvement on fixed price contracts occurs during the proposal stage rather than the incurred cost stage of the contract. Conversely, the more flexibly priced contracts are audited by the DCAA to determine the final cost of the contract after primary costs are incurred. This means that the DCAA will have a very different interaction with your company, should they get involved at all, depending on whether you will determine your pricing up-front or after you have completed your work.
These facts should help you begin to understand a bit more about the DCAA, and clear away the fog that seems to shroud the agency. For more in-depth look at the DCAA, as well as tips to prepare you for an audit, check out Sarah Glass’ webinar, “How to Modify Quickbooks for DCAA Compliance.”
Happy Holidays! The Journyx office is happily empty this Friday for the holiday weekend. Breaks are a great time to take a step back from work and let great ideas come in. Especially during the holidays, this is the perfect opportunity to think about how 2012 will look for you. To help with your 2012 plans, here are some updates from Mashable about what’s coming in 2012 for the iPad:
Numerous sources have identified the iPad 3 coming out in 2012, but a mini iPad is something I didn’t expect. Here are some other trends coming out in 2012:
- The new Nintendo Wii
- The use of gamification in social apps and in enterprise solutions
- The mobile wallet
What are your plans for 2012?
Wes Fue of Timberwolf Enterprises LLC, a business consulting firm that specializes in advising government contractors, worked with Journyx to produce a webinar titled, “Is Government Contracting Right for Your Business?” In it, he discusses the array of opportunities available to businesses and some best practices to determine whether or not businesses can find a place in defense contracting. The following post is taken from his webinar.
Consider the hurdles businesses face when selling to consumers or other businesses. Will they get paid on time? Who are they supposed to talk to? Will the consumer be able to afford their product? These are all common thorns in the collective side of businesses everywhere, whether they focus on business to consumer or business to business sales. Ultimately, it is necessary to realize that clients can be unreliable, and that there will always be a certain amount of risk involved there.
On the other hand, selling to the U.S. Government is a very different game. There are still hurdles, but they are different, and related primarily to procuring the contract initially. And while the terms of a contract are not set in stone, requiring flexibility on the part of the contractor, there is one very important, over-arching point to consider: The U.S. government is the number one buyer of goods and services on the planet. The implications of this are huge. You are not dealing with someone from the Fortune 500. You are dealing with Fortune 1. In general, dealing with the government offers rock solid ground to work on, and is possibly the most secure entity in the world to contract for.
Another factor to take into account is the fact that the federal government has multiple programs in place to help small businesses succeed. In most cases, regular consumers care little for the success of a company as long as they continue to receive working products or services. And while the federal government also requires quality deliverables, they also have a vested interest in the success of U.S.-based businesses. There are incentives in place for veteran and minority-owned businesses, so there is lots of room for companies of all sizes to compete for the contract.
There are currently 1,175 government agencies that a business can contract for, so the odds are that there is a niche for an extraordinarily wide array of products or services. Flexibility and determination will help a business win the contract, so reach out to the best consumer in the world and maximize your profits.
Check out Wes Fue’s webinar, “Is Government Contracting Right for Your Business?” for even more information on the field of government contracting and how it relates to your business.
Cynthia Kalina-Kaminsky has more than 26 years of experience in project execution in the fields of manufacturing, service, academia, government and non-profit. She has a Ph. D. in industrial engineering and has undergone extensive project management training. The following post is derived from her webinar, “You've Got the Contract - Now What? Successful Kickoff Meetings.” The webinar details the importance of project scope and change management, and gives effective techniques you can bring to the table in your kickoff meeting.
When you work on a project for a defense agency, it is not uncommon for the scope or details to change. To a certain extent a business must expect these changes and structure their processes such that they will not irrevocably damage a project once it is underway. However, it is also important that you control your project so you don’t end up with one much larger than originally quoted, possibly resulting in a smaller profit margin for your company. Holding a kickoff meeting can ensure that key players on the project are on the same page, potentially curbing scope and change issues down the road. The following tips can help you structure your meeting for success.
Determine the Decision Maker
It is important to establish the method of coming to a decision within your meeting before it is actually underway to avoid confusion and bruised egos. This will likely vary from project to project, and in some cases it may be more obvious who will have the final say on decisions than others. In those cases where it is not as clear, examine your options and choose the one that will have the greatest chance of satisfying stakeholders without causing unnecessary delays in the meeting. In some cases, putting contentious issues to a majority vote will be the most expeditious and fair way of resolving issues. In others, it is more helpful to structure the meeting bureaucratically where one person gets to make the final choice. In any case, make sure everyone involved knows how things will happen in the meeting and what is expected of them.
Establish Priority the SMART Way
Obviously, your project is going to be very important to your company, likely falling as the main priority or somewhere near the top. For a defense agency, it could possibly fall somewhere further back, maybe 25th in terms of what they currently have on their plate. However, it is possible to increase priority by using SMART goal pieces. SMART stands for: Specific, Measurable, Accurate, Realistic and Time-Based. Prepare yourself with the information necessary to state exactly what’s going to happen, who will be held accountable, and what a realistic time for completion estimate could be. If you can convince the agency that you have a solid grasp on the fundamentals of your project so it won’t tie up time, money or resources, then you make it more of a priority for defense.
These tips will get you started, but you can find many more tips and details in Kalina-Kaminsky’s webinar “You've Got the Contract - Now What? Successful Kickoff Meetings.” Check it out and learn effective techniques for managing your defense projects.
True or False: You can’t be DCAA compliant with QuickBooks.
If you’ve heard that you can’t be DCAA compliant with QuickBooks, then someone has been pulling the wool over your eyes. Making your QuickBooks system DCAA-compliant is simple. At Journyx, we even have a webinar that guides you through how to modify QuickBooks for DCAA compliance.
Here at Journyx, we’re big fans of QuickBooks because our solution directly integrates with the system. We’ve helped a large number of customers due to this seamless and simple integration. So you can see why we would be a little worried that many government contractors are being led astray with the myth that you can’t be government compliant with QuickBooks.
If you currently use QuickBooks, here’s a helpful video from the Intuit team about how to customize your invoices:
Failure sucks. Just ask R. U. Darby, who gave up on his gold mine when he was only three feet from the mother load, only to have someone else make it rich due to his mistake. Darby was not an idiot. Darby was not timid. Darby was not even in deep financial trouble due to buying one too many jet skis during a moonshine-fueled mid-life crisis. No, Darby failed because he was tragically uninformed. His ambition, his promise for success, was blindsided by a lack of knowledge and a failure to gain expert data about his endeavor.
Like many young men, Darby wanted to strike it rich quick. Like many young men who have an uncle with gold fever, Darby had an uncle with gold fever who found some traces of the shining ore a few weeks after he started digging. Darby and his uncle borrowed money from several family members to purchase the machinery necessary for mining. Shortly after returning with the requisite machinery, the pair found a rich vein of gold. They had it smelted and proved that it was one of the richest mines in Colorado. Darby was excited that he would soon be able to pay off the debt to his relatives, and hopefully have enough money left over to purchase something akin to a 19th century Macbook Pro.
Unfortunately for Darby and his closeted techie ambitions, something inexplicable happened. The vein of gold suddenly stopped. Not the type to quit halfway, Darby continued to drill deeper and deeper, until it became apparent that he was in fact the quitting two-thirds of the way type. Disappointed in his heinous luck, he sold his machinery to a junk man for just a few hundred dollars. Then, shamed and disgruntled, he returned home. Broken. His dreams shattered upon the harsh reality of his failed entrepreneurial venture.
But the story does not end there, dear readers. As it turns out, the junk man was wily and totally willing to capitalize on Darby’s folly. He hired an engineer, who calculated that there was still gold in the mine, a mere three feet from where Darby had stopped digging. The junk man was ecstatic when further drilling revealed that the engineers’ calculations were correct. The junk man, who had gotten into the venture for just a few hundred dollars spent on old machinery, laughed all the way to the bank with millions (presumably whilst twirling a well-oiled moustache).
So how can you determine if there is the potential for massive profit just beyond the temporary setbacks in your business? As the junk man knew intuitively, the answer is that it requires in-depth knowledge about your company. Time data, for instance, can reveal small problems and prevent them from becoming enormous issues. If you are constantly digging blind, like Darby, you will be unable to take steps appropriate to your situation. Only a comprehensive understanding of all of your problem factors will let you know whether to move your machinery to another mine, sell it for scrap, or uncover a massive gold deposit. Just try your best to avoid the unruly moustache.
Today is “the date that will live in infamy”. It's the 70th anniversary in remembrance of the attack on Pearl Harbor. We owe so much to those who rose to defend our nation after the attack that ultimately cemented the United States' military involvement with World War II. Here at Journyx, we couldn’t wrap up 2011 without giving special thanks for something that is very important to all of us.
From the entire team, we would like to express our tremendous gratitude for the brave and selfless men and women who serve our country and put themselves on the frontline for our safety and freedom, often offering the ultimate sacrifice. Without the safety they provide, we would not have the freedom to do what we love to do and live how we want to live.
Journyx has cultivated a working relationship with the government and military that has extended more than 15 years. Assisting government contractors with their stringent compliance procedures and aiding in the assurance of a successful audit is what we do best. This accomplishment is something we take very seriously and we're glad to have the opportunity to make a potentially labor-intensive process run more smoothly.
Here at Journyx, we’ve been counting our blessings. So, to the thousands across the world who help keep the United States safe and to the honorable men and women who have fought for our protection in the past, we thank you from the bottom of our hearts.