Monday, March 31, 2014

Greed Gets You Slaughtered

Barnabas Piper:
Mark Cuban, owner of the National Basketball Association’s Dallas Mavericks, isn’t known for his reserved nature or tact, and he lived up to his reputation in a recent interview. When asked about the National Football League, Cuban went on the attack with a series of pointed observations:

“I think the NFL is 10 years away from an implosion. … I’m just telling you, pigs get fat, hogs get slaughtered. And they’re getting hoggy. … I’m just telling you, when you’ve got a good thing and you get greedy, it always, always, always, always, always turns on you. That’s rule number one of business.”

Cuban is a savvy businessman, and what he said about getting greedy in business has been proven right. You can see it in the restaurant business when chains like Krispy Kreme try to go nationwide and then close hundreds of locations. You see it in publishing when a book publisher has a best-seller and then over-hires and over-expands only to get bought out by a larger house because it can no longer afford its expenses. Is the NFL on the same path? Maybe. They play games in London and are considering Mexico City. Games are on three nights a week, and the NFL might not stop there. The league has discussed adding two games to the schedule for all teams. Time will tell if this is smart or “hoggy” strategy. Give it 10 years and check back.

Greed isn’t just a business problem. Neither is hogginess or over-expansion. Most of us can’t let a good thing stay a good thing.
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