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2009-12-15T00:00:00.000Z

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Wrong Biggest Risk?

Biggest Risk

Owner

J8 Equipment Company Inc

HQ Phone: (303) 629-6881

J8 Equipment Company Inc

1305 Osage Street

Denver, Colorado 80204

United States

Company Description

J8 Equipment Company is a wholesale distributor of quality petroleum and car wash equipment located in Denver, Colorado since 1957. J8 Equipment Company represents the leading petroleum equipment manufacturers in the industry with equipment sales, part... more

Find other employees at this company (6)

Background Information

Employment History

Upwardly Mobile Position

American Airlines , Inc.

Web References (2 Total References)


The PEI Journal Online - First Quarter 2007 - Meet The Board

peijournal.org [cached]

Risk takers all.

...
When to Risk: I weigh the potential for failure, and how catastrophic the failure can be. If the failure doesn't seem too big, I take the risk. Biggest Risk: We opened our first branch location 15 years ago.
...
When to Risk: Every decision made, regardless of how important, must be measured in terms of potential risk compared to potential benefit. Those who possess both guts and brains are usually successful for longer periods of time. Biggest Risk: Having children.
...
When to Risk: Define both the best and worst possible outcomes. Once I've assembled both the people and information that I need, I must also be willing to live with the results, good or bad. Biggest Risk: Parachuting.
...
When to Risk: Whenever the perceived gain is greater than the calculated loss. Biggest Risk: Purchasing my company via an LBO before the acronym existed.
...
When to Risk: When business has a market shift/change, then our company needs to change according to the market trends. Biggest Risk: Marriage - twice.
...
When to Risk: It is time to act when the potential for reward is greater than the potential for loss. Biggest Risk: Becoming a business owner.
...
When to Risk: Find the balance between logic and emotion to best evaluate the positives and negatives associated with the risk. Then rely on gut to gauge the amount of risk, in light of a heartfelt desire to meet that risk head on. Biggest Risk: Buying a competitor's company.
...
When to Risk: Only when we see an opportunity that will be of long-term benefit to us and to our customers. Biggest Risk: I can't think of any BIG risks.
...
When to Risk: When your gut instinct tells you to. Biggest Risk: Leaving the Fortune 500 company that I had been employed by for 20 years to purchase a business that I knew nothing about.
...
When to Risk: Risk taking is best when opportunity and resources meet under the right circumstances. Biggest Risk: The 2006 opening of our second shop outside of Bangor, Maine.
...
When to Risk: I analyze the market, my product and my employees' disposition. If at least 70% looks good, I take the risk. Biggest Risk: Doing a joint partnership with China 25 years ago.
...
When to Risk: When an opportunity comes up, I weigh the risk/rewards, both short and long term. Biggest Risk: As a teenager, riding tandem, a friend and I used a short bridge shaped like an inverted U as a launching ramp, measuring how far we could push his Honda 450 street motorcycle into the air, landing on the other side of the bridge.
...
When to Risk: I evaluate the risk (cost) based on the opportunity to advance our product or service offerings to our customers. Biggest Risk: Moving my family halfway across the country in order to leave a middle-management career with a very large corporation and buying into this business.
...
When to Risk: Leaders who stay in touch with their business and customers' needs can best decide when to take a risk. Gather all possible information from both internal and external trusted sources to develop an effective and proper plan to meet the challenges associated with the risk. Biggest Risk: Becoming an owner of J-8 Equipment Company.
...
When to Risk: When we have done all our due diligence, weighed the pros and cons and feel relatively confident that taking the risk will provide a positive outcome. Biggest Risk: Leaving an upwardly mobile position with American Airlines to become a manufacturer's representative in the petroleum equipment industry. Career Change: Physician.
...
When to Risk: As leaders, everything we do requires risk. Biggest Risk: As an unemployed 36-year-old, I moved from Canada to the United States. Career Change: Member of the U.S. Coast Guard, practicing law enforcement on the water. Best Advice: Hire somebody better than you.
...
When to Risk: Determine if the risk is in line with our core competency, whether it will result in repeat business, and if the risk bears long-term value. Biggest Risk: Getting married (40+ years ago!) and leaving a successful career in big business to purchase a small business (30 years ago!). Career Change: Owning and leading a $100M company.
...
When to Risk: The reward must outweigh the risk. Minimize the risk by setting up different counter-measures just in case something goes wrong. Biggest Risk: Acrobatic flying.
...
When to Risk: When market conditions or the economy changes, when competitors have a significant impact on my business, and certainly when profit margins start to decline. Biggest Risk: First was parachuting from an airplane.
...
When to Risk: Before you have to. Biggest Risk: Diving into the deep end of a pool when I knew I didn't know how to swim.


The PEI Journal Online - First Quarter 2007 - Meet The Board

www.thePEIjournal.org [cached]

Risk takers all.

...
When to Risk: I weigh the potential for failure, and how catastrophic the failure can be. If the failure doesn't seem too big, I take the risk. Biggest Risk: We opened our first branch location 15 years ago.
...
When to Risk: Every decision made, regardless of how important, must be measured in terms of potential risk compared to potential benefit. Those who possess both guts and brains are usually successful for longer periods of time. Biggest Risk: Having children.
...
When to Risk: Define both the best and worst possible outcomes. Once I've assembled both the people and information that I need, I must also be willing to live with the results, good or bad. Biggest Risk: Parachuting.
...
When to Risk: Whenever the perceived gain is greater than the calculated loss. Biggest Risk: Purchasing my company via an LBO before the acronym existed.
...
When to Risk: When business has a market shift/change, then our company needs to change according to the market trends. Biggest Risk: Marriage - twice.
...
When to Risk: It is time to act when the potential for reward is greater than the potential for loss. Biggest Risk: Becoming a business owner.
...
When to Risk: Find the balance between logic and emotion to best evaluate the positives and negatives associated with the risk. Then rely on gut to gauge the amount of risk, in light of a heartfelt desire to meet that risk head on. Biggest Risk: Buying a competitor's company.
...
When to Risk: Only when we see an opportunity that will be of long-term benefit to us and to our customers. Biggest Risk: I can't think of any BIG risks.
...
When to Risk: When your gut instinct tells you to. Biggest Risk: Leaving the Fortune 500 company that I had been employed by for 20 years to purchase a business that I knew nothing about.
...
When to Risk: Risk taking is best when opportunity and resources meet under the right circumstances. Biggest Risk: The 2006 opening of our second shop outside of Bangor, Maine.
...
When to Risk: I analyze the market, my product and my employees' disposition. If at least 70% looks good, I take the risk. Biggest Risk: Doing a joint partnership with China 25 years ago.
...
When to Risk: When an opportunity comes up, I weigh the risk/rewards, both short and long term. Biggest Risk: As a teenager, riding tandem, a friend and I used a short bridge shaped like an inverted U as a launching ramp, measuring how far we could push his Honda 450 street motorcycle into the air, landing on the other side of the bridge.
...
When to Risk: I evaluate the risk (cost) based on the opportunity to advance our product or service offerings to our customers. Biggest Risk: Moving my family halfway across the country in order to leave a middle-management career with a very large corporation and buying into this business.
...
When to Risk: Leaders who stay in touch with their business and customers' needs can best decide when to take a risk. Gather all possible information from both internal and external trusted sources to develop an effective and proper plan to meet the challenges associated with the risk. Biggest Risk: Becoming an owner of J-8 Equipment Company.
...
When to Risk: When we have done all our due diligence, weighed the pros and cons and feel relatively confident that taking the risk will provide a positive outcome. Biggest Risk: Leaving an upwardly mobile position with American Airlines to become a manufacturer's representative in the petroleum equipment industry. Career Change: Physician.
...
When to Risk: As leaders, everything we do requires risk. Biggest Risk: As an unemployed 36-year-old, I moved from Canada to the United States. Career Change: Member of the U.S. Coast Guard, practicing law enforcement on the water. Best Advice: Hire somebody better than you.
...
When to Risk: Determine if the risk is in line with our core competency, whether it will result in repeat business, and if the risk bears long-term value. Biggest Risk: Getting married (40+ years ago!) and leaving a successful career in big business to purchase a small business (30 years ago!). Career Change: Owning and leading a $100M company.
...
When to Risk: The reward must outweigh the risk. Minimize the risk by setting up different counter-measures just in case something goes wrong. Biggest Risk: Acrobatic flying.
...
When to Risk: When market conditions or the economy changes, when competitors have a significant impact on my business, and certainly when profit margins start to decline. Biggest Risk: First was parachuting from an airplane.
...
When to Risk: Before you have to. Biggest Risk: Diving into the deep end of a pool when I knew I didn't know how to swim.

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