|
MEETING MINUTES
Friday, January 16,
2009
Volume 16; Issue 2
Speaker Update
Date:
January 23rd
Speaker: Ralph Cunningham
Treasurer Report
The quarterly dues
billing was e-mailed on 12/1. Please contact
Melissa Matthews if you
do not receive your e-invoice.
Leads Report
22-06, 22-33, 22-42, 37-26, 35-06, 15-21, 15-56,
28-17, 25-51, 25-19, 42-06, 42-28, 51-22, 51-41.
Other Items
The brochures are here! And we printed plenty of them so
take what you need. If you notice any mistakes, let Stu know
and he will fix them for the next batch.
Steve Chilton submitted an application for
Stacy Hyder of The Law
Office of Stacy L. Hyder PLC. Criminal law is her area of
practice. He will submit part 2 today and, if there are no
objections, he will invite her to a meeting.
Main Speaker - Mark Howard
I was born and raised in Decatur, Ill. I married
my school sweetheart. We were blessed with two sons. Both
are finishing college soon. I did my undergraduate at DePauw
University and went on to receive a Masters in International
Management. I love to travel.
After
graduating college I went to work for
Continental Grain Company in Fort Worth, Texas. It was the big
company of the time. I Relocated several times. The
grain industry margins are really slim. The margins are much better
in the feed products. I had an opportunity to come out here, switch
industries and go to work for Wilbur Ellis Company. The company
eventually left AZ and me and my partner stayed and started our own
company.
Arizona Ag Marketing started in Dec 2000. We had
no money so we went to our clients and they gave us money to start.
The first year we borrowed from the bank we got $250,000.
My first wisdom of the morning...Aside from
your wife, your best friend is your banker. We have
about 50 clients. Our average client milks about 3000 cows.
We work with a lot of them on a regular basis.
Normally the economy doesn't affect our business like it does
others. This time is different. When the dollar started
to disappear in July the demand for milk products disappeared too.
My second piece of wisdom, I always like to
think the markets are telling me what to do. When
they are high you don't lock yourself into long term things.
If the markets are really unsettled you shouldn't do anything.
In this economy, can you charge the same rates you
did a year ago? My company is in a niche market. And we
are small enough that we don't have all the big players here in our
smaller market. So we survive. We have always tried to
pay our suppliers very quickly. When I walk into the office
each day my first question is "Where is my risk?". I need to
know my customers, how he runs his operations, his problems, etc.
because I have basically loaned them money and I need to protect
that investment.
Back in the 80's our marketing concept was to do
business with the leaders of the industry. And we would
approach the business like a club. We were OK with competitors
because they could take the clients we didn't want. We only
wanted premium customers.
We may add one client a year, a friend of a
friend. Our growth comes from our existing clients, the movers
and shakers, that continue to expand.
[Chris Curran] You have never received a lead in
the 4 years you have been a member. Why do you keep coming
back?
I don't get out much. I enjoy having members share their
experiences. Before MABE, I didn't have anybody to bounce
issues off of. It is very rewarding to be a member of this
group.
|